Compare FIBOGroup Vs FXTM: Which is the Better Forex Broker in 2024?
FIBOGroup Vs FXTM, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between FIBOGroup Vs FXTM, here is the direct comparison:
Feature | FIBOGroup | FXTM |
General Rating |
2.52/5 |
3.06/5 |
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Score | 67 | 76 | |
Trustpilot |
4.2/5 15 users |
3.1/5 704 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 1998 | 2011 | |
💲 Min Deposit | $1 | $10 | |
⚖ Max Leverage | 1:1000 | 1:2000 | |
🔢 Spread | Variable | Variable | |
💸 Commissions | $3 | $2 | |
💡 Min Position | 0.01 lot | 0.01 lot |
💳 Payment | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, Local bank transfer, FasaPay, Crypto, Ethereum, Crypto Cash, Ripple, Tether (USDT) and Perfect Money | WebMoney, Skrill, Wire transfer, Credit/debit cards, YooMoney, Neteller, UnionPay, QIWI, Perfect Money, DIXIPAY, FasaPay, Crypto and Google Pay | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, German, English, Spanish, Persian, Indonesian, Russian, Chinese, Italian, Polish, Portuguese, Thai, Turkish, Ukrainian, Vietnamese | Arabic, Czech, English, Spanish, Persian, French, Hindi, Indonesian, Italian, Korean, Malay, Polish, Russian, Thai, Turkish, Urdu, Vietnamese, Chinese |
🚪 Trade Now | Open FIBOGroup | Open FXTM |
Testimonials
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FIBOGroup: Fibo review
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FIBOGroup: Fast deposit and withdrawal is always good. All the money...
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FIBOGroup: This broker is honest and comprehensive. They accepted my payment...
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FIBOGroup: They have a really slow customer support, and it can...
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FIBOGroup: Stay away from this. I lost money due to MT4...
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FIBOGroup: Fibo review
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FIBOGroup: Fast deposit and withdrawal is always good. All the money...
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FIBOGroup: This broker is honest and comprehensive. They accepted my payment...
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FIBOGroup: They have a really slow customer support, and it can...
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FIBOGroup: Stay away from this. I lost money due to MT4...
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FXTM: Recover my fund without question
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FXTM: So far FXTM has always met my ideal trading conditions,...
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FXTM: One thing I like about FXTM is that they always...
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FXTM: I was having issues with withdrawals, but their customer support...
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FXTM: I don't understand why do they charged me overnight fees...
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FIBOGroup: Fibo review
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See More FIBOGroup Testimonials
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See More FXTM Testimonials
News
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FXTM Forex Broker Parts Ways with Financial Commission
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FXTM Exits EU Operations, Surrenders CySEC License
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FXTM UK Revenue Drop Despite Rising Profit in 2022
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FXTM Closed FX Retail Business in Europe
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FXTM Launched Education Program in Nigeria
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FXTM Welcomes A List Of New Trading Products
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FXTM Added Perfect Money, Competitive Payment Portal With Lower Fee
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Join FIBOGroup Weekly Contest, Grab USD 25,000 And iPad Air 2!
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Multiply Your Bonus Deposit With FIBOGroup's Program!
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FXTM Launched Shares Account for CFDs Trader
Articles
Bonus
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, FIBOGroup provides their pricing with Variable spread while FXTM offers Variable spread.
FIBOGroup vs FXTM: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, FIBOGroup enables trading with MetaTrader 4 (Limited with 60 days of inactivity), MetaTrader 5 (Limited with 60 days of inactivity), cTrader (Limited with 60 days of inactivity). The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, FXTM provides trading with MetaTrader 4 (Limited with 60 days), MetaTrader 5 (Limited with 30 days) with the support of One-click trading, Trailing stop, Pending orders.
Is FIBOGroup or FXTM better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, FIBOGroup supports trading with Forex, Gold & silver, CFD, Oil, Futures, Crypto, while FXTM presents the ability of trading with Forex, Gold & silver, Commodities, Indices, CFD, Oil, Futures, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
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