FXTM offers a broad trading experience, but check regional availability.
FXTM is a solid choice for traders seeking diverse account types and robust platforms like MT4 and MT5. Its strongest advantage lies in its extensive range of tradable instruments and multiple regulatory licenses. However, the main compromise is the mixed feedback on customer service and withdrawal experiences, as reflected in its Trustpilot score. We recommend FXTM for experienced traders who value platform choice and instrument diversity, provided they verify regional service availability.
| Regulation | FSC, FSCA, CMA |
| Founded | 2011 |
| Headquarters | Mauritius |
| Minimum Deposit | $5 |
| Maximum Leverage | 1:5000 |
| US Clients | Not accepted |
| EUR/USD Spread | 0.53 pips (Advantage MT5) |
| Trading Platforms | MT4, MT5, FXTM App |
| Instruments | 1,000+ |
| Deposit Methods | Cards, E-wallets, Bank Wire |
| Withdrawal Time | Within 24 hours |
| Customer Support | 24/5 (Mon-Fri) + weekend hours |
| Website | fxtm.com |
Capital at risk. CFD trading involves significant risk. This may be an affiliate link.
Our Full Rating Breakdown
Our scoring methodology evaluates brokers across key areas like trust, fees, platforms, and support. We assign a score out of 5.0 for each category, based on verified research and industry comparisons. The overall score is an average of these individual ratings, providing a comprehensive assessment.
Is FXTM Regulated & Safe?
FXTM operates under several regulatory bodies across different jurisdictions, providing a multi-regulated environment. Its primary entity, Exinity Limited, is regulated by the FSC in Mauritius, which is a Tier 3 regulator. Additional licenses from FSCA in South Africa and CMA in Kenya and UAE offer broader oversight. While this multi-jurisdictional approach provides some level of safety, traders should be aware of the varying protection levels offered by each regulator.
- Regulator
- FSC Mauritius, FSCA South Africa, CMA UAE, CMA Kenya
- License Number
- C113012295, 50320, 20200000270, 135
- Tier
- Tier 2 & Tier 3
- Client Fund Segregation
- Funds are held in reputable, top-tier international banking institutions.
- Compensation Scheme
- FSC Mauritius - Up to $1,000,000 (excess of $20,000), Financial Commission - Up to €20,000 per complaint
- Negative Balance Protection
- Yes
- Founded
- 2011
- Headquarters
- Mauritius
FXTM explicitly states it does not provide services to residents of the USA, UK, Japan, Canada, and other specified regions. This means traders in these areas cannot open an account. Additionally, the broker holds a 'Poor' rating on Trustpilot, with frequent complaints about payment issues and customer support, which prospective clients should consider.
Always confirm a broker's regulatory status in your specific region before opening an account, and review their terms for client fund protection.
FXTM does not accept clients from the United States.
Fees, Spreads & Commissions
FXTM offers a varied fee structure, depending on the account type chosen. The Advantage account provides raw spreads starting from 0.0 pips, coupled with a commission, which is competitive for active traders. Other accounts, like Micro and Rewards Plus, are commission-free but feature wider spreads. This approach allows traders to select an account that aligns with their trading style and cost preferences, though it’s crucial to understand the specific costs for each instrument.
| Instrument | Advantage (MT5) ℹ | Micro Account ℹ |
|---|---|---|
| EUR/USD | 0.0 pips + $7 round turn | 0.9 pips to 1.5+ pips |
| GBP/USD | 0.0 pips + $7 round turn | 1.5 pips |
| USD/JPY | 0.0 pips + $7 round turn | 0.2 pips |
| Gold XAUUSD | 0.0 pips + $7 round turn | 2–3 pips |
FXTM clearly outlines its commission structure for the Advantage account, which is a flat $3.50 per lot per side for Forex.
Swap fees are charged for positions held overnight, with rates updated daily and a triple charge on Wednesdays.
Account Types Explained
FXTM provides a diverse selection of account types designed to cater to various trading preferences and capital levels. From micro accounts for beginners to Advantage accounts for experienced traders, there’s a clear differentiation in minimum deposits, spreads, and commission structures. This range allows traders to choose an account that best suits their strategy, whether they prioritize low spreads or commission-free trading. Account opening is generally straightforward, though verification processes apply.
- Not disclosed
- Low minimum deposit
- Commission-free trading
- High leverage up to 1:1000
- Raw spreads from 0.0 pips
- Competitive commission structure
- High leverage up to 1:3000
- No commissions on stock trades
- Minimum deposit of 200 USD
- Spreads from 2 cents
Account Comparison
| Feature | Edge | Micro | Advantage | Advantage Stocks |
|---|---|---|---|---|
| Min Deposit | 50 USD | 30 USD | 500 USD/EUR/GBP | 200 USD |
| Spread From | From 0.9 pips | From 1.7 pips | 0.0 pips | 2 cents |
| Commission | None | Commission-free | $3.50 per lot per side ($7 round turn) for Forex | No commissions |
| Max Leverage | Up to 1:500 | Up to 1:1000 | up to 1:3000 | 1:1 Leverage |
| Instruments | Forex, Metals, Indices, Commodities, Cryptocurrencies, Stock CFDs | 30+ markets (28 Forex pairs, US Dollar Index, select metals, commodities, and cryptocurrencies) | Forex, Metals, Indices, Commodities, Cryptocurrencies, Stock CFDs | US Stocks |
| Account Currency | USD, EUR, GBP, AED, NGN | USC, EUC, AEC (Dirham cents) | USD, EUR, GBP, AED, NGN | USD |
FXTM offers a demo account, allowing traders to practice strategies without financial risk before committing to a live account.
Trading Platforms & Tools
FXTM provides a comprehensive suite of trading platforms, catering to both novice and experienced traders. The broker supports the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5), known for their advanced charting tools and Expert Advisor capabilities. Additionally, FXTM offers its own proprietary FXTM Trader App and a Web Platform, ensuring accessibility across various devices. This diverse platform offering allows traders to choose the environment that best suits their analytical and execution needs.
Platform Feature Comparison
| Feature | MetaTrader 4 (MT4) | MetaTrader 5 (MT5) | FXTM Trader App |
|---|---|---|---|
| Platform Type | Desktop, Web, Mobile | Desktop, Web, Mobile | Mobile |
| Expert Advisors | Supported | Supported | No |
| Copy Trading | Offered | Offered | Offered |
| Chart Types | Interactive charts | Interactive charts | SCharts - TradingView |
| One-Click Trading | Available | Available | Available |
Deposits & Withdrawals
FXTM supports a broad array of deposit and withdrawal methods, including traditional bank transfers, credit/debit cards, and popular e-wallets. Most deposits are processed instantly, offering quick access to trading capital. Withdrawal processing times vary by method, with internal processing typically within 24 hours. While FXTM states no fees for many transactions, some secondary sources indicate potential charges, especially for smaller withdrawals or bank wires.
| Payment Method | Deposit Speed | Withdrawal Speed | Broker Fee |
|---|---|---|---|
| Bank transfers | 3-5 business days | 3-5 business days | None |
| Debit and credit cards (Visa, Mastercard, Maestro) | Instant to 2 hours | 3-10 business days | None |
| Skrill | Instant | Within 1 business day | None |
| Neteller | Instant | Within 1 business day | None |
| Perfect Money | Instant | Within 1 business day | None |
| Cryptocurrency | Not disclosed | Under an hour | None |
| Local payment methods | 1 business day | Instant to same-day | None |
Always check the specific minimum withdrawal amounts and potential third-party fees for your chosen payment method, as these can vary significantly.
Education, Research & Analysis
FXTM offers a comprehensive suite of educational and research tools, positioning itself well against competitors. Their educational content caters to various experience levels, from beginner guides to advanced webinars. The research section provides daily market insights and expert analysis, which can be invaluable for informed trading decisions. This robust offering makes FXTM suitable for traders who prioritize continuous learning and staying updated on market trends.
FXTM's educational and research offerings are strong, providing valuable resources for both new and experienced traders. The combination of structured courses, live webinars, and daily market analysis supports continuous learning and informed decision-making.
Frequently Asked Questions
Is FXTM a regulated broker and is it safe to trade with them?
FXTM operates under several regulatory bodies, including the FSC in Mauritius, FSCA in South Africa, and CMA in Kenya and UAE. While these provide oversight, the broker does not serve clients in some major regions like the UK or USA, and its Trustpilot score indicates concerns about service quality.
What is the minimum deposit required to open an account with FXTM?
The minimum deposit at FXTM varies by account type and payment method. For instance, the Micro account requires a minimum of 30 USD/EUR, while some e-wallet deposits can be as low as $5.
What are the typical spreads and commissions offered by FXTM?
FXTM’s Advantage account offers raw spreads starting from 0.0 pips, with a commission of $3.50 per lot per side for Forex. Other accounts, like the Micro account, are commission-free but feature wider starting spreads.
What is the maximum leverage available for trading with FXTM?
The maximum leverage offered by FXTM can go up to 1:5000 on some accounts, such as the Rewards and Rewards Plus accounts. However, leverage limits vary significantly based on the specific entity and regulatory jurisdiction.
Which trading platforms does FXTM provide to its clients?
FXTM provides access to the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Additionally, traders can use the proprietary FXTM Trader App and a Web Platform for convenient trading across devices.
How long do withdrawals take from FXTM and are there any fees?
FXTM states that internal withdrawal processing is typically within 24 hours. Overall processing times vary, from under an hour for cryptocurrency to 3-10 business days for credit/debit cards. While FXTM states no fees for most withdrawals, secondary sources suggest potential charges for bank wires or small amounts.
Does FXTM offer an Islamic or swap-free account option?
Yes, FXTM offers Islamic (swap-free) account options for certain account types, specifically the Rewards Plus and Advantage accounts, allowing traders to comply with Sharia law.
Can US clients open a trading account with FXTM?
No, FXTM explicitly states that it does not provide services to residents of the USA. Traders from the US will need to seek alternative brokers.
Why Choose FXTM?
FXTM is a solid choice for traders seeking diverse account types and robust platforms like MT4 and MT5. Its strongest advantage lies in its extensive range of tradable instruments and multiple regulatory licenses. However, the main compromise is…
- Regulated by multiple international authorities
- Offers a variety of account types for different traders
- Supports popular MT4 and MT5 platforms
Capital at risk. CFD trading involves significant risk.
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