FXTM Forex Review 2026
87% of retail FX and CFD accounts lose money.
FXTM - At a Glance
- Established
- 2011
- Headquarters
- FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus.
- International Offices
- United Kingdom, United Arab Emirates, Cyprus, Hong Kong, Mauritius, Nigeria
- Publicly Traded
- No
- Broker Type
- STP, ECN, Market Maker
- Regulation
- FSCA (South Africa), FSC Mauritius (Mauritius), CMA Kenya (Kenya), CMA UAE (UAE)
- Segregated Client Funds
- Yes
- Negative Balance Protection
- Varies
Not guaranteed. FXTM has no UK or EU entity, and the Mauritius company that handles your trades is not required to offer it. Protection applies on FXTM's own platform, but the client agreement does not promise it elsewhere.
- Banking License
- No
- Languages
- English, Chinese, Spanish, Arabic, Thai
- Customer Support
- Live Chat, Email, Phone
- Customer Support Hours
- 24/5
- Demo Account
- Yes
- Swap Free Account
- Yes
- Joint Account
- Yes
- Corporate Account
- Yes
- Managed Account
- Yes
- PAMM / MAM Trading
- No
- Social / Copy Trading
- Yes
- 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
- Varies
Deposit and trading bonuses are prohibited for retail clients under FCA rules, so they are not available on those entities. Offered through the Mauritius entity where local rules permit.
- Contests
- Varies
Trading competitions are restricted for retail clients under FCA rules. Available through the Mauritius entity where local rules permit.
- Markets & Products
- Forex, CFDs
- Currency Pairs
- 55+ FX pairs
- Minimum Lot Size
- 0.01
- Maximum Lot Size
- 100
- Decimal Pricing
- 5 decimals
- Order Types
- Market, limit, stop and stop limit orders. All orders execute as market orders once the trigger or limit condition is met, so slippage can occur in either direction. Market execution with no requotes. Orders are subject to automated margin sufficiency checks before acceptance.
- Execution Type
- Principal, hybrid STP and market maker
- Margin Call Level
- Discretionary
- Stop Out Level
- Varies by account type. Shown in Account Specifications
- Hedging
- Yes
- Scalping
- Yes
- 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
- Overnight / Swap Fees
- Yes
- Deposit Fee
- Varies
USD 3 on anything under USD 30. Only dollars, euros, pounds and naira go through without a conversion charge.
- Withdrawal Fee
- Varies
USD 3 on anything under USD 30. If you deposit and withdraw without placing a trade, FXTM can charge 3% of the amount.
- Currency Conversion Fee
- Yes
- Account Maintenance Fee
- No
- Inactivity Fee
- Yes
USD 5 a month after six months without trading, and only if you still have money in the account. FXTM may close a dormant account at that point.
- Custody Fee
- No
- Trading Platforms
- FXTM Mobile App, FXTM Web Platform, MetaTrader 4 (MT4), MetaTrader 5 (MT5)
- Mobile App
- Yes
- API Access
- No
- VPS Hosting
- No
- Automated Trading
- Yes
How FXTM's costs compare
The marker is the median of every active broker we rate, computed from the same structured data as the reviews. Headline from-spreads are the broker's advertised best case; your account type and instrument change them.
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.
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- 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.
