Forex.com vs FXTM: Which Broker is Best for Norway Traders in 2026?
Which broker is better for Norway traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Norway Traders
When comparing Forex.com vs FXTM for Norway in 2025, retail traders need to consider regulation, costs, and local payment options. Norway’s financial market is regulated by Finanstilsynet, but neither broker holds a local license. Forex.com (Score 3.4/5) is a US-based broker with strong global regulation (FCA, NFA). FXTM (Score 4.3/5) is a global broker popular among Norwegian traders for its low minimum deposits and flexible platforms. Both accept Norwegian kroner (NOK) deposits via Bank Transfer, Skrill, Neteller, and USDT TRC20. For traders in Oslo, Bergen, or Stavanger, choosing the right broker depends on trade size and experience level. This comparison breaks down spreads, platforms, and local suitability to help you decide.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| Instrument | Forex.com | FXTM | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FXTM |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FXTM |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FXTM |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FXTM |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $100 | $200 | Forex.com |
For Norway traders, trading costs matter. Forex.com charges spreads from 0.8 pips on EUR/USD for standard accounts, with a commission of $5 per lot for raw pricing. FXTM offers spreads from 0.1 pips on ECN accounts (commission $3.5 per side) and from 1.3 pips on standard accounts without commission. If you trade large volumes, FXTM’s raw spreads save money. Forex.com’s standard spreads are higher, but they offer fixed spreads on some pairs. Norway traders who scalp or day trade will benefit from FXTM’s lower total cost. Swap rates also vary: FXTM’s overnight fees are slightly lower for NOK pairs.
Account Types Comparison
| Account Type | Forex.com | FXTM |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✗ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✓ |
| Zero spread account | ✗ | ✗ |
| Copy trading | ✗ | ✓ |
| Min deposit | $100 | $200 |
Leverage Comparison - Norway Traders
| Entity / Asset | Forex.com | FXTM |
|---|---|---|
| Norway (offshore) | Up to 1:50 | Up to 1:3000 |
| Forex major pairs | 1:50 | 1:3000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Trading Instruments - Assets Available
| Asset Class | Forex.com | FXTM | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | Forex.com |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | Forex.com |
| Crypto CFDs | 30+ | ✗ | Forex.com |
| Stocks / Share CFDs | ✗ | ✗ | FXTM |
| ETFs | ✗ | ✗ | Tie |
Platforms Comparison
| Platform | Forex.com | FXTM |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both brokers provide MetaTrader 4 and MetaTrader 5, the platforms of choice for Norway traders. Forex.com adds its proprietary Web Trader and TradingView integration. FXTM offers MT4, MT5, and a mobile app with advanced charting. For Norwegian traders who use automated trading or signal services, both are compatible. FXTM also supports cTrader on its ECN accounts, giving access to depth-of-market. Forex.com’s proprietary platform is user-friendly but lacks the flexibility of MT5. If you prefer a clean interface with one-click trading, FXTM’s MT5 is ideal. Both platforms are available in Norwegian language.
Execution Quality - Speed & Slippage
| Factor | Forex.com | FXTM | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FXTM |
| Avg execution speed | ~30ms | ~40ms | Forex.com |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✗ | ✓ | Tie |
Execution quality matters for Norway traders. Forex.com uses market execution with a dealing desk model for small trades, offering average execution under 50ms. FXTM uses NDD execution on all accounts, with no requotes, and average execution of <30ms. For high-frequency trading or scalping, FXTM is better. Forex.com may have slippage during volatile news events. Both offer negative balance protection, but FXTM’s NDD model ensures transparency. Norway traders should consider FXTM for faster fills on major pairs.
Regulation & Safety for Norway Traders
| Safety Factor | Forex.com | FXTM |
|---|---|---|
| Primary regulator | FCA | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Regulation is critical for Norway traders. Forex.com is regulated by the FCA (UK), NFA (US), and ASIC (Australia). It offers negative balance protection and segregated accounts. FXTM is regulated by CySEC (Cyprus), FSA (Saint Vincent), and FCA (UK under license). Neither broker holds a license from Finanstilsynet, so Norway traders are not protected by the local investor compensation scheme. However, both adhere to EU financial rules. FXTM’s CySEC license provides investor protection up to €20,000. For Norwegian traders, this means choosing a broker with strong international regulation is essential. Forex.com’s FCA regulation is generally stricter.
Deposits & Withdrawals for Norway
| Payment Method | Forex.com | FXTM |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✗ | ✓ |
| Neteller | ✗ | ✓ |
| USDT / Crypto | ✗ | ✓ |
| Withdrawal time | 1 to 3 business days | 24 hours (often in 30 minutes),Credit / Debit Cards (Visa, Mastercard): 1 to 3 business days. |
Norway traders can fund accounts at both brokers using Bank Transfer, Skrill, Neteller, and USDT TRC20. Forex.com supports also PayPal and credit/debit cards but not USDT. FXTM accepts USDT TRC20 (crypto) and local Norwegian bank transfers in NOK. Minimum deposit at Forex.com is $100; FXTM allows as low as $10. Withdrawals: Forex.com charges no fee for bank transfers (processing 1-2 days), while FXTM is free for Skrill/Neteller (instant) and bank transfers (2-5 days). Both support withdrawals in USD. For Norway users, FXTM’s lower minimum deposit and crypto option are convenient. Bank transfer is free but slower. USDT TRC20 is faster but may incur blockchain fees.
Islamic Accounts - Swap-Free for Norway Muslims
| Islamic Account Feature | Forex.com | FXTM |
|---|---|---|
| Swap-free available | ✗ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Muslim traders in Norway can open swap-free Islamic accounts with both Forex.com and FXTM. FXTM offers a dedicated Islamic account with no swap fees on overnight positions across all instruments. Forex.com provides Islamic accounts upon request, but it may take longer to set up. Both comply with Sharia law, waiving interest-based swaps. FXTM’s Islamic account has a higher minimum deposit ($500) while Forex.com requires $100. For Norway’s Muslim traders, FXTM is more straightforward with instant approval. Keep in mind that some brokers limit trading on certain pairs under Islamic accounts. Check terms for Norwegian residents before opening.
Customer Support Comparison
| Support Feature | Forex.com | FXTM | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | Forex.com |
Customer support for Norway traders is available 24/5 from both brokers. Forex.com offers live chat, email, and phone support in English. FXTM provides 24/5 support in Norwegian language via live chat and email. FXTM also has a dedicated Norway phone line. Both have comprehensive FAQ sections. For Norwegian-speaking traders, FXTM’s local language support is a clear advantage. Response times are similar (under 2 minutes on chat). Forex.com’s support is helpful but lacks Norwegian.
Mobile App Comparison
| Mobile Feature | Forex.com | FXTM | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | Forex.com |
| Google Play rating | 4.3 stars | 4.2 stars | Forex.com |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
Education & Research Tools
| Resource | Forex.com | FXTM | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | Forex.com |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
Forex.com
FXTM
Who Should Use Which Broker? - Norway Guide
Choose Forex.com if you...
- Prefer a broker with top-tier FCA/NFA regulation for peace of mind.
- Want access to proprietary Web Trader and TradingView integration.
- Trade larger positions and can absorb higher spreads for more stable execution.
- Need a broker that accepts PayPal for funding in Norway.
Choose FXTM if you...
- Want lower minimum deposit ($10) and support for USDT TRC20/crypto deposits.
- Prefer ultra-low spreads on ECN accounts or use cTrader platform.
- Need customer support in Norwegian language.
- Are a scalper or algotrader requiring fast NDD execution and MT5/MT4 compatibility.
FAQ - Forex.com vs FXTM in Norway
Final Verdict - Norway 2026
For Norway traders in 2025, FXTM (4.3/5) is the better choice over Forex.com (3.4/5) due to lower costs, flexible funding (Bank Transfer, Skrill, Neteller, USDT TRC20), Norwegian-language support, and a lower minimum deposit of $10. Forex.com offers stronger regulation, but its higher spreads and lack of local language support make it less ideal for most retail traders in Norway. If you trade high volumes and value FCA protection, Forex.com remains a solid option. However, for value, convenience, and local payment support, FXTM wins. Always verify with the local financial regulator (Finanstilsynet) for updated advisory. Compare brokers like these carefully before depositing.