FXTM Review
Updated regularly · Independent ratings
Overall Rating
4.2 / 5
Fees
4.4 / 5
Safety
4.4 / 5
Platforms
4.2 / 5
Education
4.4 / 5
Min. deposit
$200
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money.
FXTM — At a Glance
Full broker data from our database
| Minimum deposit | $200 |
| Broker type | STP, ECN, Market Maker |
| Spread type | Variable |
| Spreads from | Advantage Account: 0.0 PIPS Advantage Plus Account: 1.6 PIPS |
| Commission | Advantage Account: $3.5 per lot per side Advantage Plus Account: No commission |
| Maximum leverage | 1:2000 (CMA), 1:3000 (FSC), 1:30 (FCA) |
| Minimum lot size | 0.01 |
| Maximum lot size | 100 |
| Decimal pricing | 5 decimals |
| Trading platforms | FXTM Mobile App, FXTM Web Platform, MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| API access | No |
| VPS | No |
| Demo account | Yes |
| Segregated account | Yes |
| Swap-free account | Yes |
| Managed account | Yes |
| PAMM / MAM account | No |
| Joint account | Yes |
| Copy trading | Yes |
| Social trading | Yes |
| Account currencies | USD, GBP, EUR, NGN, ZAR |
| One-click trading | Yes |
| OCO orders | Yes |
| Trailing stop loss | Yes |
| Hedging allowed | Yes |
| Scalping allowed | Yes |
| Interest on margin | No |
| Bonuses | Yes |
| Contests | Yes |
| Regulators | FCA (United Kingdom), CMA (UAE), FSC (Mauritius), FSC (Bristish Virgin Islands), FSCA (South Africa), CMA (Kenya) |
| Headquarters | FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus. |
| International offices | United Kingdom, United Arab Emirates, Cyprus, Hong Kong, Mauritius, Nigeria |
| Assets offered | Forex, CFDs |
| 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 |
| Languages | English, Chinese, Spanish, Arabic, Thai |
| Customer support | Live Chat, Email, Phone |
| Contact email | support@fxtm.com |
| Minimum deposit | $200 | Social trading | Yes |
| Broker type | STP, ECN, Market Maker | Account currencies | USD, GBP, EUR, NGN, ZAR |
| Spread type | Variable | One-click trading | Yes |
| Spreads from | Advantage Account: 0.0 PIPS Advantage Plus Account: 1.6 PIPS | OCO orders | Yes |
| Commission | Advantage Account: $3.5 per lot per side Advantage Plus Account: No commission | Trailing stop loss | Yes |
| Maximum leverage | 1:2000 (CMA), 1:3000 (FSC), 1:30 (FCA) | Hedging allowed | Yes |
| Minimum lot size | 0.01 | Scalping allowed | Yes |
| Maximum lot size | 100 | Interest on margin | No |
| Decimal pricing | 5 decimals | Bonuses | Yes |
| Trading platforms | FXTM Mobile App, FXTM Web Platform, MetaTrader 4 (MT4), MetaTrader 5 (MT5) | Contests | Yes |
| API access | No | Regulators | FCA (United Kingdom), CMA (UAE), FSC (Mauritius), FSC (Bristish Virgin Islands), FSCA (South Africa), CMA (Kenya) |
| VPS | No | Headquarters | FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus. |
| Demo account | Yes | International offices | United Kingdom, United Arab Emirates, Cyprus, Hong Kong, Mauritius, Nigeria |
| Segregated account | Yes | Assets offered | Forex, CFDs |
| Swap-free account | Yes | 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 |
| Managed account | Yes | Languages | English, Chinese, Spanish, Arabic, Thai |
| PAMM / MAM account | No | Customer support | Live Chat, Email, Phone |
| Joint account | Yes | Contact email | support@fxtm.com |
| Copy trading | Yes |
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.