XM and FXTM are regulated CFD brokers that offer a range of trading instruments, platform options, and account types. With different business structures (market maker vs no dealing desk) there are key differences between the two brokers that traders should be aware of before they open an account and start trading.To get more news about xm vs fxtm , you can visit wikifx.com official website.

XM is a market maker broker that sets its own bid-ask prices and uses internal liquidity to fill orders. Unusual for a market maker, XM offers the guarantee of no requotes, will 100% of trades being processed with no orders rejected.
FXTM is a no dealing desk (NDD) broker with orders processed using straight-through-processing (STP). No dealing desk brokers fill orders using external liquidity providers and therefore do not set their own bid-ask prices. Instead, prices are sourced from multiple liquidity sources, allowing traders to access institutional trading conditions with ECN-like pricing.
Forex Spreads
Both brokers offer the choice of commission-free and commission account spreads. Commission-free spreads tend to be wider as compensation for the broker’s services are included in the spread, while no commission accounts provide access to ECN-like spreads with traders paying flat-rate commission fees. As explained in the section below, XM and FXTM offer a significant number of account types with different spreads depending on a traders location and the trading platform they use.
For those wanting a simple pricing structure with no additional commission fee charges, XM and FXTM offer multiple commission-free account options. Although not available to traders based in Europe or the UK, XM’s Ultra Low Account type provides access to some of the tightest no commission spreads available to retail investor accounts. Averaging 0.80 pips for the EUR/USD fx pair, XM’s Ultra Low spreads are half of what is offered to XM Standard and FXTM’s Standard and ECN Zero account holders, making the pricing similar to ECN-spreads when commission charges are included.

As well as the EUR/USD, XM’s Ultra-Low Account offers the best spreads across all major currency pairs shown below (AUD/USD, USD/JPY and EUR/GBP) with better pricing than some of the worlds best brokers such as Pepperstone and IC Markets. The account types are shown in the following order:
When XM and FXTM’s commission account types are compared, XM’s Zero Account (UK and Europe only) provides more competitive spreads for the EUR/USD and GBP/USD currency pairs, with FXTM’s MT4 ECN account providing tighter spreads for the USD/JPY. For instance, traders using an XM Zero Account are offered average spreads of 0.10 pips for the EUR/USD, FXTM ECN accounts using either MT4 or MT5 are offered 0.40 pips.

As spreads are much narrower than standard account spreads, traders pay round turn commission fees of $7 when trading with XM and from $4 when trading with FXTM. While XM and FXTM provide reasonable ECN-style spreads, brokers such as Pepperstone and IC Markets offer better pricing with tighter spreads and low commission fees across all major currency pairs.
As well as spreads and commission fees, XM and FXTM traders will incur swap fees for positions held open for longer than one day. Also known as overnight financing fees, swap rates are derived from interest rates for each currency pair involved in the trade.

With tight no commission spreads as well as competitive ECN-style spreads, XM traders gain access to better pricing and trading conditions than ForexTime. Although a market maker, XM’s Ultra-Low Account type (not available to EU/UK traders) provides spreads similar to ECN pricing when commission costs are accounted for, while the broker’s Zero Account (UK/EU only) offers ECN-style spreads. Additionally, XM promotes a no requote guarantee, meaning traders are certain their orders will never be rejected.

Commission-free account types are ideal for beginner traders wanting a simple pricing structure along with those who trade infrequently. Although spreads are wider than ECN Accounts, traders only pay the spread with no additional commission costs incurred. Both XM and FXTM offer multiple no commission account types with different lot sizes and minimum deposits.