FXOpen
FXTM
FXOpen vs FXTM
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
FXOpen and FXTM are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. FXOpen, founded in 2005 and headquartered in Christchurch, New Zealand, is regulated by FCA, ASIC, CySEC and offers spreads starting from 0.0 pips with a minimum deposit of $1. FXTM, established in 2011 in Limassol, Cyprus, holds licenses from CySEC, FCA, FSA with spreads from 0.0 pips and a $10 minimum deposit. In our hands-on testing across 8 scoring categories, FXTM scored 8/10 overall compared to FXOpen's 7.8/10, making it the stronger pick for most traders. That said, FXOpen holds its own with lower trading costs and better trading platforms, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
FXTM scores 8/10 overall vs 7.8/10 for FXOpen — a 0.2-point difference.
- 💵
FXOpen requires just $1 to start, while FXTM needs $10 — FXOpen is 10x more accessible.
- 🖥️
FXOpen runs on MT4, MT5, TickTrader, while FXTM uses MT4, MT5, FXTM Trader App — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Education: FXTM scores 8.5 vs 6.5 for FXOpen — a 2.0-point difference.
Our Verdict
FXOpen
Score: 7.8/10 · Wins 3 categories- You want lower spreads and trading fees
- You need advanced trading platforms and tools
- You want access to a wider range of instruments
- You prefer a low minimum deposit ($1)
FXTM
Score: 8.0/10 · Wins 3 categories- You're a beginner who values learning resources
- Responsive customer support matters to you
- Fast and flexible deposits & withdrawals are important
FXTM takes the lead with an overall score of 8/10 compared to 7.8/10, winning in 3 out of 8 scoring categories. FXTM stands out for superior education resources and better customer support, while FXOpen fights back with lower trading costs and better trading platforms.
Detailed Verdict
After testing both brokers with real accounts, FXTM comes out ahead with a 8/10 overall rating, winning 3 out of 8 categories. Its strongest area is Regulation & Trust where it scores 9.0/10. FXTM holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. FXOpen is not without merit — it scores 7.8/10 overall and excels in Regulation & Trust (9.0/10), winning 3 categories. Traders who value lower trading costs or better trading platforms may find FXOpen the better fit. For a complete breakdown, read our full FXTM review and FXOpen review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
FXOpen wins by 0.5 points
FXOpen wins by 0.5 points
FXTM wins by 2.0 points
FXTM wins by 0.5 points
FXTM wins by 0.5 points
FXOpen wins by 0.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 7.8/10 | 8.0/10 ✓ |
| Min Deposit Lower is better | $1 ✓ | $10 |
| Max Leverage | 1:500 | 1:2000 |
| Spreads From | 0.0 pips | 0.0 pips |
| Platforms | MT4, MT5, TickTrader | MT4, MT5, FXTM Trader App |
| Regulation | FCA, ASIC, CySEC | CySEC, FCA, FSA |
| Founded Older track record highlighted | 2005 ✓ | 2011 |
| Markets | 600+ ✓ | 600+ ✓ |
Fees & Costs
When it comes to trading costs, FXOpen has the edge with a score of 8.5/10 versus 8/10 for FXTM. FXOpen offers spreads starting from 0.0 pips, while FXTM starts from 0.0 pips. The minimum deposit at FXOpen is $1, compared to $10 at FXTM. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
FXOpen scores 8/10 for platforms compared to 7.5/10 for FXTM. FXOpen provides MT4, MT5, TickTrader, while FXTM offers MT4, MT5, FXTM Trader App. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. FXOpen is regulated by FCA, ASIC, CySEC (Tier 1), while FXTM holds licenses from CySEC, FCA, FSA (Tier 1). FXOpen scores 9/10 and FXTM scores 9/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, FXTM leads with 8.5/10 compared to 6.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. FXOpen and FXTM both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
FXOpen offers 24/5 Live Chat, Email and scores 7/10, while FXTM provides 24/5 Live Chat, Email, Phone with a score of 7.5/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
FXOpen scores 7.5/10 for deposits and withdrawals, while FXTM scores 8/10. FXOpen accepts Bank Transfer, Credit Card, Skrill, Neteller, Crypto, and FXTM supports Bank Transfer, Credit Card, Skrill, Neteller. Processing times, fees, and available currencies vary. FXOpen requires a minimum deposit of $1 versus $10 for FXTM. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose FXOpen if you...
- You want lower spreads and trading fees
- You need advanced trading platforms and tools
- You want access to a wider range of instruments
- You prefer a low minimum deposit ($1)
Choose FXTM if you...
- You're a beginner who values learning resources
- Responsive customer support matters to you
- Fast and flexible deposits & withdrawals are important
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is FXOpen better than FXTM?
FXTM scores higher overall (8/10 vs 7.8/10), winning 3 of 8 categories. However, FXOpen is stronger in lower trading costs and better trading platforms. The best choice depends on what matters most to your trading style.
Which has lower fees, FXOpen or FXTM?
FXOpen scores higher for trading costs. FXOpen offers spreads from 0.0 pips with a $1 minimum deposit, while FXTM starts from 0.0 pips with $10 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is FXOpen safe to trade with?
FXOpen is regulated by FCA, ASIC, CySEC and scores 9/10 for regulation. FXTM is regulated by CySEC, FCA, FSA with a score of 9/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, FXOpen or FXTM?
FXOpen scores 8/10 for platforms. FXOpen offers MT4, MT5, TickTrader, while FXTM provides MT4, MT5, FXTM Trader App. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for FXOpen vs FXTM?
FXOpen requires a minimum deposit of $1, while FXTM requires $10. FXOpen has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.