FxOpen vs FXTM: Which Broker Suits China Traders in 2026?

For China traders, trading costs are a key factor. FxOpen's ECN account offers spreads from 0.0 pips with a $3.5 commission per lot, making it cheaper for high-volume scalpers. FXTM's ECN account has spreads from 0.1 pips with a $4 commission per lot, slightly higher. On standard accounts, FXTM's spreads are around 1.2 pips, while FxOpen's are 0.5 pips. Over 100 lots per month, FxOpen saves approximately $50–$100 in spread costs. However, FXTM's lower commission on some account types can offset this for smaller traders.

Both brokers offer MetaTrader 4 and MetaTrader 5, which are the preferred platforms for China traders due to their custom indicators and automated trading support. FXTM also provides its proprietary FXTM Trader app for mobile trading, while FxOpen offers cTrader for ECN accounts. For China traders who use Expert Advisors (EAs) or copy trading, both brokers support these features, but FXTM's integration with third-party copy trading platforms is more extensive.

FxOpen's ECN execution is faster with no dealing desk intervention, ideal for scalpers and EA traders. FXTM also offers ECN execution on its Zero account, but standard accounts may have requotes during volatile markets. For China traders trading during Asian session, FxOpen's execution is more reliable, while FXTM's execution is acceptable for most strategies.

Neither FxOpen nor FXTM is regulated by the CSRC, so China traders must rely on offshore regulation. FXTM is regulated by the FCA (UK) and CySEC (EU), offering stronger investor protection and negative balance protection. FxOpen is regulated by the FCA and CySEC as well, but its primary license is from the FSC (British Virgin Islands), which provides less oversight. For China traders, FXTM's stricter regulation adds a layer of trust, but both brokers carry the risk of offshore trading without local legal recourse.

China traders can fund both brokers using USDT (Tether) via TRC20 or ERC20 networks, which is the most convenient method to bypass capital controls. Bank Transfer (international) in USD is also available but involves higher fees and longer processing times (3–5 business days). FxOpen supports USDT deposits with no fees and instant processing, while FXTM charges a small fee for USDT deposits (0.5–1%). Withdrawals are processed similarly, with USDT being the fastest option. FXTM also offers local Chinese payment options through third-party processors, but these are subject to availability and may have lower limits. Minimum deposits are $10 for FxOpen and $100 for FXTM.

Both brokers offer Islamic (swap-free) accounts for Muslim traders in China. FXTM requires a minimum deposit of $200 and applies a small administrative fee after a holding period (usually 10 days) to prevent abuse. FxOpen offers Islamic accounts on request with no specific minimum deposit, but they may have restrictions on certain instruments. Both brokers require traders to confirm their religious affiliation. For China's Muslim traders, FxOpen's lower barrier to entry is attractive, but FXTM's clearer terms and wider instrument availability make it a safer choice.

FXTM offers 24/5 multilingual support via live chat, email, and phone, with Chinese language support available during Asian trading hours. FxOpen provides 24/7 live chat and email support, but Chinese language support is limited to specific hours. Both brokers have detailed FAQ sections, but FXTM's response times are generally faster for China-based traders.