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FXTM vs Capital.com - 2024 Comparison | FxScouts
AuthorAuthor: Björn MichelsUpdated: October 12, 2023

Last Updated On October 12, 2023

Björn Michels

Trading with a reputable online broker is a crucial factor for success in the international markets. At FxScouts, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics. We deposit real money with the brokers to ensure that the products and user experience they advertise are consistent with reality.

We have found that the best way for traders to choose a broker is to compare brokers side-by-side. The comparison tool below allows you to compare two brokers based on their ratings and features.

Select brokers to compare

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Broker Score
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
11110.54.37/ 5 USD 10CySEC Regulated BrokersFCA Regulated BrokersFSCA Regulated Forex BrokersFinancial Services CommissionCapital Markets AuthorityECN/DMA, Market MakerCommodities, Stock CFDs, Forex, Indices, Metals, Shares620
  • Good for beginners
  • Excellent education
  • Well regulated
  • Low minimum deposit
  • Copy trading accounts
  • Expensive withdrawals
Read Review 11110.54.5/ 5 11110.54.5/ 5 11110.54.5/ 5 111003/ 5 111115/ 5 111104/ 5 111115/ 5 81%2000:10 pips Advantage, Advantage Plus, Micro Account MT4, MT5Mastercard, Visa, Bank Transfer, Neteller, Skrill, Fasapay, PerfectMoneyFrom 4 USD / ECN Accounts
11110.54.78/ 5 USD 20FCA Regulated BrokersCySEC Regulated BrokersASIC Regulated Forex BrokersThe Seychelles Financial Services AuthorityMarket MakerCommodities, Cryptocurrencies, Stock CFDs, Forex, Indices137477
  • Tight spreads
  • Low minimum deposit
  • Excellent education
  • Limited account options
Read Review 111115/ 5 111115/ 5 11110.54.5/ 5 11110.54.5/ 5 111115/ 5 11110.54.5/ 5 111115/ 5 87.41%100:10.60 pips Standard Capital.com, MT4Bank Transfer, Visa, Mastercard, MaestroFees Included in Spread

How do Capital.com and FXTM stack up against each other?

The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.

Capital.com

FXTM

At FxScouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.

To compare Capital.com and FXTM, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.

Does Capital.com or FXTM have a better trust and regulation rating?

Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.

In our comparison, we found that Capital.com holds three Tier 1 and no Tier 2 licences, and FXTM holds two Tier 1 and no Tier 2 licences.

 

Is Capital.com financially regulated?

Yes Capital.com was founded in 2016 and is regulated by ASIC, CySEC, FCA and FSA-Seychelles.

 

Is FXTM financially regulated?

Yes FXTM was founded in 2011 and is regulated by CMA, CySEC, FCA, FSC and FSCA.

 

Based on these findings, Capital.com earned a higher trust rating than FXTM.

Does Capital.com or FXTM have lower costs?

Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged. 

Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that Capital.com has overall lower trading costs than FXTM. 

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Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
FXTM
11110.54.5/ 5
USD, EUR, GBP, NGN
1.50 pips
USD 15
0.00 pips
0.20 pips
0.00 pips
USD 0
Capital.com
111115/ 5
USD, EUR, GBP, PLN, RUB
0.60 pips
USD 6
0.60 pips
1.30 pips
0.80 pips
USD 0

 

Does Capital.com or FXTM offer a better choice of trading platforms?

Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms. 

In this case, 0 offers support for and 0 offers support for . 

Do the brokers offer copy trading?

Copy trading is a great option for beginner traders who can’t trade full-time or lack experience with Forex trading. In this case both Capital.com and FXTM offer copy trading.

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Broker
Platform Choice
Copy Trading
Platforms
FXTM
11110.54.5/ 5
Capital.com
11110.54.5/ 5
Capital.com

 

Which broker offers a better choice of trading instruments?

A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that Capital.com offers a greater range and depth of instruments to trade than FXTM. Capital.com offers 137 Forex pairs to trade and FXTM offers 62 Forex pairs to trade.

Toplist Forex Pairs

And what about Cryptocurrencies?

In this case, Capital.com offers 477 cryptocurrencies while FXTM offers 0 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with Capital.com.

Which broker offers better deposit and withdrawal processes?

Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals. 

We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that FXTM charges a withdrawal fee and Capital.com does not. Overall, Capital.com has better deposit and withdrawal processes than FXTM. 

Which broker offers better educational support?

We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. 

Capital.com and FXTM both have very good educational support. Both Capital.com and FXTM offer educational support for more experienced traders.

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Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
FXTM
High
Capital.com
High

 

Which broker offers better market analysis materials?

To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field. 

We found that 0 offers better research analysis than 0 and that both Capital.com and FXTM offer frequent webinars.

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Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
FXTM
Capital.com

 

Our overall Verdict on Capital.com

Capital.com no longer accepts clients from South Africa. This review is for informational purposes only.

With one of the lowest-cost trading environments in the industry and a large number of tradable assets, Capital.com provides a welcoming environment for both beginners and professional traders looking for a new MT4 broker. 

A well-regulated broker, Capital.com offers trading on an extensive range of tradable instruments, including over 138 Forex pairs, over 3600 share CFDs, 22 indices, 22 commodities, and over 200 cryptocurrencies - one of the largest sets in the industry.

Although Capital.com only offers one trading account its trading costs are significantly lower than average, with spreads starting at 0.60 pips on the EUR/USD and no commission. Additionally, no fees are charged for deposits, withdrawals, or on inactive accounts. Unlike other brokers, Capital.com charges swap fees based only on the leverage provided rather than the trading position's entire value. This is a welcome development in an industry where extra fees are charged on most transactions. 

Trading is offered on MT4 and Capital.com's award-winning proprietary web platform, and customer service is available 24/7 to help with any technical queries. Notable is Capital.com’s world-class educational and market analysis section, providing exceptional value for beginner and experienced traders alike.

One drawback is the lack of technical and fundamental analysis tools on offer. Most other brokers offer tools like Autochartist, Trading Central, and free VPS services, to help traders make better trading decisions.

Our overall Verdict on FXTM

FXTM will be a good choice for many beginner South African traders. It offers a low-deposit Micro Account, an excellent copy trading platform, and provides a variety of learning materials in both video and written formats. Its daily market analysis will also help beginners understand the real-world implications of news events on the Forex market and where trading opportunities lie.

Our main concern is that FXTM’s South African clients are not protected by the FSCA, and are instead onboarded through FXTM’s Mauritius-based entity. We were also disappointed to find that FXTM’s trading costs are higher than other brokers and that it charges fees for all withdrawals. The range of instruments is also quite limited compared to other brokers in South Africa. 

Overall, FXTM has many positive features, especially for beginners, but more experienced traders may find FXTM’s limitations difficult to overlook.

Which broker has the highest overall rating?

Capital.com has an overall rating of 4.78 and FXTM has an overall rating of 4.37. For more detail please read our reviews of Capital.com and FXTM.

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