FXTM Review
Key Facts
Regulation
FCA · CMA · FSC+3 more
Broker Type
STP, ECN, Market Maker
Min. Deposit
$200
Platforms
FXTM Mobile App, FXTM Web Platform, MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Fees
Low
Max Leverage
1:2000 (CMA), 1:3000 (FSC), 1:30 (FCA)
Demo Account
Yes
Inactivity Fee
-
Our Ratings
4.2
out of 5
Safety & Regulation4.4
Fees & Costs4.4
Platforms & Execution4.2
Education4.4
87% of retail FX and CFD accounts lose money.
FXTM - At a Glance
Company & Overview
- Headquarters
- FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus.
- International Offices
- United Kingdom, United Arab Emirates, Cyprus, Hong Kong, Mauritius, Nigeria
- Broker Type
- STP, ECN, Market Maker
- Regulation
- FCA (United Kingdom), CMA (UAE), FSC (Mauritius), FSC (Bristish Virgin Islands), FSCA (South Africa), CMA (Kenya)
- Segregated Client Funds
- Yes
- Negative Balance Protection
- Yes
- Languages
- English, Chinese, Spanish, Arabic, Thai
- Customer Support
- Live Chat, Email, Phone
Account Types
- Demo Account
- Yes
- Swap Free Account
- Yes
- Joint Account
- Yes
- Managed Account
- Yes
- PAMM / MAM Trading
- No
- Social / Copy Trading
- Yes
Account Conditions
- Minimum Deposit
- $200
- Payment Methods
- Bank Transfer, Local Bank Transfer, Debit Cards, Credit Cards, Cryptocurrency, Apple Pay, Google Pay, Skrill, Neteller, WebMoney, VLoad, Western Union, Perfect Money, GlobePay, PayRedeem, Fasapay, TC Payment, Nganluong
- Account Currencies
- USD, GBP, EUR, NGN, ZAR
- Maximum Leverage
- 1:2000 (CMA), 1:3000 (FSC), 1:30 (FCA)
- Bonuses
- Yes
- Contests
- Yes
Trading Conditions
- Markets & Products
- Forex, CFDs
- Minimum Lot Size
- 0.01
- Maximum Lot Size
- 100
- Decimal Pricing
- 5 decimals
- Hedging
- Yes
- Scalping
- Yes
Fees & Costs
- Spread Type
- Variable
- Spread From
- 0.0 pips (Advantage Account), 1.6 pips (Standard Account)
- Commission
- Advantage Account: $3.5 per lot per side Advantage Plus Account: No commission
Platforms & Tools
- Trading Platforms
- FXTM Mobile App, FXTM Web Platform, MetaTrader 4 (MT4), MetaTrader 5 (MT5)
- API Access
- No
- VPS Hosting
- No
Pros & Cons
Pros
- Strong regulatory oversight.
- Trusted broker with millions of users globally.
- Fast and easy account opening.
- Wide range of global market access through CFDs.
- Multiple fast and secure payment methods.
- Negative balance protection.
- No deposit or withdrawal fees for most payment methods.
- Low forex trading fees.
- User-friendly mobile and web proprietary platforms.
- Supports MetaTrader 4 and 5 integration.
- Free demo account available for practice trading.
- Islamic (swap-free) accounts available.
- High leverage trading capability.
- No restrictions on trading strategies.
- Strong educational content and market research.
- Good customer support service.
Cons
- Product offering limited to CFDs.
- Higher minimum deposit compared to some brokers.
- Copy trading not available in all regions.
- Limited account currency options.
- No TradingView or cTrader integration.
- Limited research tools.
- No integrated PAMM trading feature.
- An inactivity fee of $5 per month after 6 months of account inactivity.
