ForexTime vs. Degiro
Comparison: ForexTime vs. Degiro – Which broker is better? A quick comparison of platform, fees, deposits, withdrawals and regulation.
Winner of this comparison: ForexTime with an overall rating of 46%
Basic information
| Basic information |  ForexTime |  Degiro |
|---|---|---|
| Deposit | 200 EUR/USD | 100 EUR/USD |
| Spreads | 1.5 EUR/USD | *The value is indicative from the broker's website. The spread amount is variable. |
| Established | 2011 | 2008 |
| Currency Pairs (Total Forex pairs) | 35 | 9 |
| Country | Cyprus | Germany |
| Regulation | FCA (UK), Cysec | Authorised in the European Union (EU) |
| Trading app | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | Web Platform |
| Number of CFD asset classes | 6 | 2 |
| Broker type | ECN, STP | ECN, STP |
| Support | Phone, Mail, Chat | Phone, Mail |
| Funding methods | * Some of the payment methods may not be available in your country. Skrill, Visa/Mastercard, Bank Wire, WebMoney | * Some of the payment methods may not be available in your country. Bank Wire |
| Real Stocks and ETFs | Yes | Yes |
*The value is indicative from the broker's website. The spread amount is variable.
Comparison Result
In terms of overall rating, both brokers are equal – both have 46%. ForexTime requires a minimum deposit of 200 EUR/USD, while Degiro sets it at 100 EUR/USD. Conversely, Degiro scores with a lower minimum deposit. For ForexTime, the spread is 1.5 EUR/USD, while for Degiro it is 0 EUR/USD. Lower spreads at Degiro give it the edge. ForexTime offers 35 forex pairs, while Degiro provides 9. A wider selection gives ForexTime the advantage. ForexTime was founded in 2011, while Degiro has been operating since 2008. The older Degiro has the upper hand in this regard. This advantage goes to Degiro, while ForexTime lacks it. ForexTime is overseen by 2 regulatory bodies, while Degiro has 1. More regulations at ForexTime enhance its trustworthiness. ForexTime supports 2 platforms, while Degiro offers 1. A greater choice of platforms gives ForexTime the lead.
46%
ForexTime
23%
Degiro
Key Strengths
ForexTime
- Strong educational materials: FXTM provides a wide range of educational materials that can help traders improve their skills and understanding of the markets.
- Flexible account types: The platform offers various account types, allowing traders to choose the right option according to their needs and preferences.
- Dedicated account representative: FXTM provides each client with a dedicated account representative who can assist with any questions or issues.
Degiro
Comparison by Categories
Comprehensive Comparison: ForexTime vs Degiro
ForexTime Degiro Investments
75 % 25 %| Investments | ForexTime | Degiro |
|---|---|---|
| Currency Pairs (Total Forex pairs) | 35 | 9 |
| CFDs – Total Offered | 250+ | 0 |
| Options CFD | No | Yes |
| Share CFDs | Yes | No |
| Forex CFD | Yes | No |
| Commodities CFD | Yes | No |
| ETF CFD | Yes | Yes |
| Indicies CFD | Yes | No |
| Cryptocurrency traded as actual | No | No |
| Cryptocurrency traded as CFD | Yes | No |
Cost
80 % 80 %| Cost | ForexTime | Degiro |
|---|---|---|
| Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable. | 1.5 | 0 |
| Deposit from | 200 | 100 |
| Account fee | No | No |
| Inactivity fee | Yes | Yes |
| Active Trader or VIP Discounts | No | No |
| Withdrawal fees | No | No |
| Deposit fees | No | No |
Trading app
29 % 14 %| Trading app | ForexTime | Degiro |
|---|---|---|
| Desktop Platform (Windows) | No | No |
| Web Platform | No | Yes |
| Social Trading / Copy-Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Currenex | No | No |
| cTrader | No | No |
Trading Tools
90 % 60 %| Trading Tools | ForexTime | Degiro |
|---|---|---|
| Financial leverage | Yes | Yes |
| Virtual Trading (Demo) | Yes | Yes |
| Alerts – Basic Fields | Yes | No |
| Charting – Indicators / Studies (Total) | Yes | Yes |
| Charting – Drawing Tools (Total) | Yes | Yes |
| Charting – Trade From Chart | Yes | Yes |
| Stop-Loss | Yes | Yes |
| Finacial Calendar | Yes | No |
| Daily financial news | Yes | No |
| Order Type – Trailing Stop | No | No |
Research
50 % 33 %| Research | ForexTime | Degiro |
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Weekly Webinars | Yes | No |
| Social Sentiment – Currency Pairs | No | No |
| Economic Calendar | No | No |
| Research | No | Yes |
Education
67 % 33 %| Education | ForexTime | Degiro |
|---|---|---|
| Has Education – Forex | Yes | No |
| Has Education – CFDs | Yes | No |
| Client Webinars | Yes | No |
| Videos – Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
| Education | Yes | Yes |
Forex
100 % 0 %| Forex | ForexTime | Degiro |
|---|---|---|
| GBP/USD | Yes | No |
| USD/JPY | Yes | No |
| EUR/USD | Yes | No |
| USD/CHF | Yes | No |
| USD/CAD | Yes | No |
| NZD/USD | Yes | No |
| AUD/USD | Yes | No |
Commodities
55 % 0 %| Commodities | ForexTime | Degiro |
|---|---|---|
| Gold | Yes | No |
| Silver | Yes | No |
| WIT Oil | Yes | No |
| Brent Oil | Yes | No |
| Coffee | No | No |
| Cocoa | No | No |
| Soybeans | No | No |
| Rice | No | No |
| Corn | No | No |
| Platinum | Yes | No |
| Palladium | Yes | No |
Indicies
100 % 100 %| Indicies | ForexTime | Degiro |
|---|---|---|
| DAX 40 | Yes | Yes |
| S&P 500 | Yes | Yes |
| Nasdaq | Yes | Yes |
| Dow Jones | Yes | Yes |
| Nikkei | Yes | Yes |
Cryptocurrencies
30 % 0 %| Cryptocurrencies | ForexTime | Degiro |
|---|---|---|
| Bitcoin | Yes | No |
| Litecoin | Yes | No |
| Ethereum | Yes | No |
| Ripple | No | No |
| Neo | No | No |
| Stellar | No | No |
| Cardano | No | No |
| Tron | No | No |
| Monero | No | No |
| EOS | No | No |
Regulations
33 % 17 %| Regulations | ForexTime | Degiro |
|---|---|---|
| Cysec | Yes | No |
| ASIC (Australia) | No | No |
| FCA (UK) | Yes | No |
| Authorised in the European Union (EU) | No | Yes |
| CFTC Registered (USA) | No | No |
| FINMA (Switzerland) | No | No |
Support
100 % 67 %| Support | ForexTime | Degiro |
|---|---|---|
| Chat | Yes | No |
| Phone | Yes | Yes |
| Yes | Yes |
Overall
46 % 23 %| Overall | ForexTime | Degiro |
|---|
Our Recommendations
Best for ForexTime
Thanks to comprehensive educational materials and a user-friendly platform, ForexTime is an ideal choice for new traders.
Best Platform ForexTime
The trading platform of broker ForexTime offers an intuitive interface and advanced features for efficient trading.
Lowest Costs
Both brokers have comparable fee structures and spreads.
ForexTime Degiro