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FXTM VS Sumsub

Compare FXTM VS Sumsub and see what are their differences

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FXTM logo FXTM

FXTM Trader – Forex Trading app enables users to find a broker so they can do online trading using an extensive collection of more than 250 different financial instruments.

Sumsub logo Sumsub

One verification platform to secure the whole user journey
  • FXTM Landing page
    Landing page //
    2023-08-18
  • Sumsub Landing page
    Landing page //
    2022-10-30

Sumsub is the one verification platform that secures every step of the user journey. With Sumsub’s customizable KYC, KYB, transaction monitoring and fraud prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs and protect your business.

Sumsub achieves the highest conversion rates in the industry—91.64% in the US, 95.86% in the UK, and 90.98% in Brazil—while verifying users in less than 50 seconds on average.

Sumsub’s methodology follows FATF recommendations, the international standard for AML/CTF rules and local regulatory requirements (FINMA, FCA, CySEC, MAS, BaFin).

FXTM

Website
forextime.com
Pricing URL
-
$ Details
-
Platforms
-
Release Date
-
Edit details

Sumsub

Website
sumsub.com
Pricing URL
Official Sumsub Pricing
$ Details
paid Free Trial
Platforms
iOS Android Web REST API
Release Date
2015 January
Edit details

FXTM videos

No FXTM videos yet. You could help us improve this page by suggesting one.

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Sumsub videos

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How Sumsub KYC works

More videos:

  • Demo - Full-cycle business verification (KYB)
  • Review - The most flexible transaction monitoring solution (KYT)

Category Popularity

0-100% (relative to FXTM and Sumsub)

FXTM

Sumsub

Finance
100 100%
Finance
0% 0
Identity Verification And Protection
0 0%
Identity Verification And Protection
100% 100
Investing
100 100%
Investing
0% 0
Identity Verification
0 0%
Identity Verification
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare FXTM and Sumsub

FXTM Reviews

5 MetaTrader alternatives for Apple devices (Jan 2023)
FXTM is not lagging behind with its FXTM Trader. The app allows full control over your trading accounts, including the ability to deposit, withdraw and monitor your funds, to monitor your preferred instruments and access live currency rates, and quickly open and close positions.
Source: smnweekly.com
Best Forex Brokers: Top 5 Most Authentic FX Brokers Of 2022
FXTM stands for ForexTime, and they entered the industry back in 2011 as a global CFD and Forex broker. FXTM is based out of Cyprus and is subsequently regulated by the Cyprus Securities and Exchange Commission or the CySEC.
Source: theislandnow.com

Sumsub Reviews

  1. Hands down one of the best experiences with document verification. I have to go through this kind of checks on a weekly basis and sumsub is relatively fast and has a smooth interface that guides you through the whole process. Solid 5/7

    👍 Pros:    Super fast
Discover the Top 5 Identity Verification Providers in 2023
When it comes to capabilities, flexibility is a key selling point as it empowers organizations to align the identity verification service with their unique workflows, compliance needs, and risk appetite. Different vendors provide different levels of customizations, with ComplyCube and SumSub offering the most flexible and granular options in their respective online portals.
Source: www.techtimes.com

Social recommendations and mentions

Based on our record, Sumsub seems to be more popular. It has been mentiond 8 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

FXTM mentions (0)

We have not tracked any mentions of FXTM yet. Tracking of FXTM recommendations started around Mar 2021.

Sumsub mentions (8)

  • Haru Invest referral code: 🚀💰 'HELLO' (March 2023)
    After that you must complete secure KYC process (done via the SumSub company). Source: over 1 year ago
  • Binance p2p
    I didnt recieve my crypto from the p2p Transfer and its asking for me to do verification from sumsub.com. I have no idea what this website is but I filled out the verification and it says they are partnered with Binance. Source: over 1 year ago
  • Community discussion about Spectrum Finance $SPF token in this thread December 9th, 6 pm UTC — Please join!
    KYC and data storage could be done by a trusted third-party service called Sum and Substance. Source: over 1 year ago
  • Level 2 verification - document not approved / CS not replying
    It might be required to present proof of address for KYC, which you can learn more about here. The KYC procedure is handled by our partners at sumsub.com and they are the ones checking the validity of the document. Source: almost 2 years ago
  • Is there a way to verify my account with non-english IDs/ PoA?
    Updated the link with the source. Hope it helps. https://sumsub.com/. Source: about 2 years ago
View more

What are some alternatives?

When comparing FXTM and Sumsub, you can also consider the following products

Binomo - Binomo: Easy stock trading app provides users with virtual funds through which they can practice share and stock trading on their mobile phones.

ComplyCube - Verify your customers in under 15 seconds anywhere in the world with a cutting-edge SaaS & API platform for Identity Verification and AML/KYC compliance.

Vantagemarkets - Vantage is a regulated CFD broker, providing traders with access to the global Forex market through top tier FX liquidity providers.

Onfido - Onfido is the data-driven platform for intelligent background checking.

XTB - Leading European FX & CFDs brokerage Group

Veriff - Smart and scalable identity verification.

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