FXTM
- Written By Forex
- Updated:
FXTM, or Forex Time, is a brokerage that has won awards. It gives traders the stuff they need to get into global markets. Traders can trade over 250 things like forex, commodities, crypto, stocks, indices, metals, energies, and CFDs.
This review looks at the main things about FXTM that you should know before you decide to trade with them. Their Trustpilot score is 3.9/5. This is based on 976 reviews. 55% of people gave them 5 stars, and 17% gave them 1 star. Our team last checked their Trustpilot on June 11th, 2025.
FXTM Summary | |
Year Founded | 2011 |
Minimum Deposit | $200 |
Tradable Instruments | Forex, Crypto, Indices, Commodities, Metals |
Open an Account | How to Open an Account at FXTM |
Trading Costs | Spreads, Fees, and Commissions at FXTM |
Key Pros and Cons
First, let us briefly look at FXTM’s merits and demerits.
- Key Pros
- Award-winning broker
- Over 250 financial instruments
- Regulated brokerage firm
- Multiple payment options
- Various live account types
- Tight spreads
- Ultra-fast trade execution speeds
- Zero commissions
- Minimum $10 deposit
- Sophisticated standalone trading tools
- Advanced trading tools
- A good selection of learning resources
- Responsive client support team
- Key Cons
- No USA, Japanese, or Canadian clients
- Charges inactivity fees
Company Information
The establishment of FXTM
Established in 2011, the FXTM brand is a global leader in online trading, bringing the opportunities of financial markets to people in different parts of the world — wherever they are and whatever their financial ambitions. The broker provides traders with advanced trading platforms and tools to ensure seamless access to multiple financial markets — Forex, commodities, cryptocurrency
( Bitcoin , Ethereum, Litecoin, etc. ), stocks, shares, indices, metals, energies, and CFDs. Its clients enjoy various competitive trading conditions, including tight spreads, zero deposit fees, lightning-fast execution, commission-free trading, and more. The minimum deposit required to start trading with this broker is $10.
Successful Broker
Successful Broker with Multiple Awards and Over 2 Million Global Clients. The broker has remained successful since its launch in 2011: over 2 million people worldwide have chosen them as their trading partner, and thousands are joining every month. FXTM group has a global network of offices across Europe, Africa, Asia, and Latin America. Interestingly, as a testament to the broker’s commitment to providing exceptional customer service, competitive trading conditions, and an outstanding trading experience, they have been continually recognized by many of the industry’s most influential award bodies. FXTM has won over 25 industry awards, including Best Trading Experience (World Finance 2021), Best Forex Education Provider Nigeria (World Business Outlook 2021), Best Online Leveraged Trading Specialists (Global Business Awards 2021), The Most Trusted Forex Broker (World Financial Award 2022), Best ECN Broker (DayTrading 2020), Best Educational Program (World Financial Award 2022), and more.
FXTM is comprised of the following corporate entities with their respective regulated offices:
- Exinity Capital East Africa Limited, regulated by the CMA: office address: West End Towers, Waiyaki Way, 6th Floor , P.O. Box 1896-00606, Nairobi, Republic of Kenya
- Exinity Limited, regulated by the FSCA: office address: South Africa
- ForexTime UK, regulated by the FCA: office address: United Kingdom.
- Exinity Limited, regulated by the SCA (UAE): office address: UAE
- Exinity Global Financial Services L.L.C, regulated by the FSC (Mauritius): office address: 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius
FYI, FXTM isn’t available if you live in the USA, Mauritius, Japan, Canada, Haiti, Suriname, North Korea, Puerto Rico, Brazil, the Occupied Area of Cyprus, or Hong Kong.
Catering to Traders Worldwide
One of the impressive features of AvaTrade is its truly global reach, which is something that will appeal to traders all around the world. Their website is configured for over 25 separate countries and regions and supports at least 20 different languages.
Multiple Industry Awards
AvaTrade has won multiple industry accolades from reputable outlets, such as The European, International Business Magazine, FXEmpire, and Daytrading.com.
Why Trade with FXTM?
Now, let us provide a quick list of the key features that we like about FXTM.
Aspect | What we like |
Regulation | Trustworthy broker, authorized to operate across multiple jurisdictions: FCA, CySEC, FSCA, and FSC. |
Pricing | Tight spreads with competitive commissions |
Execution | Market execution that allows you to enter your trades at market price and within milliseconds. |
Trading | There are over 250 trading instruments across different asset classes, including forex, commodities, cryptocurrency, stocks, shares, indices, metals, energies, and CFDs. |
Platforms | Intuitive MT4/MT5 and proprietary trading platforms with various advanced trading tools. |
Customer Support | Responsive client support team who are always available and can be reached via various contact channels. |
Regulation
FXTM is a broker that follows the rules; it's licensed to do business in a bunch of places. For example, in the UK, they're called Forextime UK Limited. They're watched over and given permission to operate by the Financial Conduct Authority (FCA), with the reference number 777911. The FCA is pretty serious about making sure brokers are on the level to protect everyone. ForexTime Limited (FXTM) in Europe is watched over by the Cyprus Securities and Exchange Commission (CySEC), license number 185/12. In South Africa, they're licensed by the Financial Sector Conduct Authority (FSCA), FSP No. 46614. FXTM's global business is run by Exinity Limited, which is regulated by the Financial Services Commission of Mauritius (license C113012295). Just so you know, the FSC's rules aren't quite as tough as those in Europe or South Africa. Here's a quick look at the different rules they follow.
Flag | Region | Entity | Authority | License |
 | United Kingdom | Forextime UK Limited | Financial Conduct Authority (FCA) | Reference number: 777911 |
| Kenya | Exinity Capital East Africa Ltd | Capital Markets Authority (CMA) | License number: 135 |
| South Africa | ForexTime Limited | Financial Sector Conduct Authority (FSCA) | FSP number: 46614 |
| UAE | Exinity Global Financial Services L.L.C | Securities and Commodities Authority of the UAE | FSP number: 20200000270 |
| Internationally | Exinity Limited | Financial Services Commission (SFC) | License number C113012295 |
FXTM is watched over by financial groups like the FCA, CySEC, FSCA, and SFC, so they’re pretty legit. They don’t have the CFTC’s okay, Just so you know, so FXTM isn’t available to anyone living in the United States.
Regulation
4/5
- Strict regulation in multiple jurisdictions
- Multi-jurisdiction regulation develops trust
- FCA and CYSEC regulation is available
KYC Procedure for Account Creation and Depositing
Joining FXTM is easy and only takes a few minutes. Here’s what you do:
Creating your secure login: This is an important stage during account creation; you should enter your email address and create a strong password to secure your trading account.
Completing the application form with your details: You input your names, date of birth, city of residence, address, postcode, and phone number
Choosing your trading account: Choose your preferred trading platform and account type
Checking your suitability status: This involves disclosing information about your employment status and sources of income, as well as your trading experience. If you are approved based on your answers, you can proceed to the next step of the process, but if any of your answers do not match the broker’s internal requirements, your application will be rejected;
Agree to the terms: You need to tick the box at the bottom of the account registration form to indicate that you agree to FXTM’s Terms and Conditions
Verifying your documents: You provide your proof of ID (Passport, national ID card, or Driver’s License) and proof of residency (utility bill or bank account statement that is less than three months) for FXTM to verify your account.
After creating your live account within a few minutes, you will be required to wait for about 24 hours to verify your live account. Upon verifying your account, you will have to fund it using any available payment methods before you can start trading.
Account Opening
4/5
- Fast sign up process that only takes a few minutes
- Sign up includes a suitability test
- Relevant documents must be submitted for account verification
Account Types
FXTM gives traders three live account choices. You can pick accounts in different currencies, which helps you save on conversion fees. Pick the one that fits your needs and how you trade. Here are the options:
Advantage Plus Account
Advantage Plus is the third live trading account option at FXTM. The account offers the same features as the Advantage account option but with zero commissions. However, to compensate for the zero commissions offered by the Advantage Plus account option, the account has wider (mark-up) spreads that start from 1.5 pips. The account offers market execution and access to multiple financial assets, including stocks on the MT5 trading platform. The minimum deposit required to start trading is $200.
Advantage Account
The Advantage account is the most popular live trading account option at FXTM. It has a minimum deposit requirement of $200 and allows traders to trade on market execution, which means that their orders are channeled to the interbank market and executed at market price. Interestingly, the Advantage account is available for those using the MT4 and MT5 trading platforms. A commission fee of $3.50 per lot traded on each side is charged on the Advantage account. The account offers tight spreads from 0.0 pips.
Advantage Stocks
While FXTM offers access to multiple trading markets through CFDs, those who wish to trade stocks can open an Advantafe Stocks account with the broker. This options facilitates trading popular US and other stocks, with zero commissions and very tight spreads offering a low-cost trading. To activate the Advantage Stocks account, traders must deposit at least $200. Thanks to market execution, members of FXTM will receive the best market price instantly. Advantage Stocks is available to MT5 users and the minimum contract size for trading stocks is set at 0.01 lots.
Feature | Advantage | Advantage Plus |
64+ FX pairs | ||
CFDs on major indices, commodities, metals, and bonds | ||
ECN Execution | ||
Minimum account balance | $200 | $2,000 |
Web and desktop platforms, MT4 and mobile apps | ||
Unlimited free wire transfers | ||
No requotes | ||
Negative balance protection | ||
Fully automated execution | ||
24/7 support | ||
Variable contract sizes (as low as 1 unit) | ||
Joint account | ||
Corporate account |
Islamic Account (Swap-Free)
FXTM has swap-free trading on all its live accounts. This is mainly for Muslim clients who can’t pay or receive swaps because of their religion. You won’t get charged any swaps or interest for holding positions overnight, but they may charge an admin fee on trades.
Demo Account
The broker gives traders both MT4 and MT5 demo accounts. These let you try out your trading plans before you use them with real money. Usually, the demo account has fake money already in it so you can practice.
Account Types
4/5
- Three major account types: Advantage, Advantage Plus, and Advantage Stocks
- Islamic Account available
- Demo Account available
Trading Fees and Other Costs
Before picking a broker, traders should always check out their trading fees and costs. FXTM, which is both a CFD and forex broker, has two kinds of these fees:
- Trading fees – spreads, commissions, and overnight financing rates;
- Non-trading costs – account management fees, deposit and withdrawal fees, non-activity fees.
Let us take a quick look at the trading fees that are available at FXTM.
Costs/fees | What is this? | with FXTM |
Spreads | The cost is incorporated into the price of what you trade. A wider bid-ask spread means higher costs. | Advantage Stocks Account: start from 6 cents pip Advantage Account: start from 0.0 pip Advantage Plus Account: start from 1.5 pips |
Commission | A flat fee paid per position is often used as an alternative to charging via the spread. | Advantage Plus Account: No commission. |
Financing charges | The cost of holding a position active overnight. | Advantage Stocks Account: No commission. Advantage Account: $3.50 per lot per side ($7 per round trip) Advantage Plus Account: No commission. |
Deposit fees | Fees charged by the broker to fund your account. | None |
Withdrawal fees | Fees charged by the broker to withdraw money from your account. | None |
Inactivity fees | Fees charged on dormant trading accounts. | $10 monthly |
Spreads
FXTM offers the following spreads across all its account types:
- Advantage Stocks Account — Spreads start from 6 cents with no commissions
- Advantage Account — Tight spreads from 0.0 pips and a commission of $7.0 per round turn.
- Advantage Plus Account — Spreads start from 1.5 pips with no commissions
Now, let us take a look at the average spreads offered on the two account types that offer forex and CFD trading:
Instrument | Advantage Account | Advantage Plus Account |
EUR/USD | 0.1 pip | 2.1 pips |
GBP/USD | 2 pips | 2.5 pips |
USD/JPY | 0.6 pips | 2.5 pips |
Okay, so it looks like FXTM’s Advantage Plus Account adds 2 pips to the usual spread on EUR/USD to pay for trading.
Now, let’s see how much it costs to trade with both account types. We’ll look at a 1 Lot trade on EUR/USD (where 1 pip change is $10) and pretend we buy and sell at the same price. Using the average spreads, here’s what trading will probably cost for each account:
Advantage Account
- Spread – 0.1 pips
- Spread cost – 0.1 x $10 = $1.00 per side and $2.00 per round turn
- Commission – $3.50 per lot per side or $7.00 per round turn
- TOTAL COST – $2.00 + $7.00 = $9.0 per round turn
Advantage Plus Account
- Spread – 2.1 pip
- TOTAL COST – 2.1 x $10 = $21.0 per side and $42 per round turn
The comparison above shows the Advantage account has much lower trading costs because of its tight spreads and good commission fees. Now, let’s compare the average spreads for the three most-traded Forex pairs between FXTM Advantage Plus and what other big brokers offer.
Instrument | FXTM | IC Markets | Fusion Markets | IG Markets |
EUR/USD | 2.1 | 0.82 | 0.93 | 0.86 |
GBP/USD | 2.5 | 1.03 | 1.00 | 1.84 |
USD/JPY | 2.5 | 0.94 | 1.70 | 0.97 |
Okay, so the FXTM MT4 account spreads? They’re a bit wider than what you’d see from bigger players like IC Markets, IG Markets, and Fusion Markets.
Commissions
With FXTM, you don’t pay any commissions on the Advantage Plus account. But, the Advantage account has a commission of $3.50 for each lot on each side (that’s $7 total for a round trip). So, keep in mind that the Advantage account:
- for a 1 Standard Lot trade (100,000 units), you will pay a $7.0 commission to open and close the position.
- for a 1 Mini Lot trade (10,000 units), you will pay a $0.7 commission to open and close the position.
- for a 1 Micro Lot trade (1,000 units), you will pay a $0.07 commission to open and close the position.
The Advantage Plus account has a $7.0 commission for trading 1 lot, which is decent compared to what other similar companies charge. Of course, some brokers do have cheaper fees. For example, Fusion Markets’ Zero Spread Account costs $4.50 per round turn, and that’s seen as one of the best deals out there now.
Spreads & Commissions
4/5
- High spreads on the commission-free accounts
- Tight spreads from 0.0 pips on the Advantage account
- Competitive commission of $3.50 per side on Advantage Account
Financing Charges
When you hold a position overnight, you’ll either get charged or receive rollover interest (called a swap). FXTM’s partners figure out these daily swap rates using their risk analysis. Each currency pair has its own swap charge. You get interest on currency you sell, and you pay interest on currency you buy.
You can see the swap charges for a currency position by logging into your MT4 platform and taking the following steps:
Go to your product in the ‘Market Watch’ window. Then, right-click and select ‘Symbols.’
Click on the product you wish to view from the list and select ‘Specifications’.
Here, you can view the Forex swap rates for long and short positions.
Deposit fees
Withdrawal fees
FXTM doesn’t charge withdrawal fees, no matter how you get your money. But, if your bank uses another bank overseas to process the payment, they might charge a fee. This fee isn’t from FXTM.
Inactivity fees
The broker charges a fee of $10 monthly after three consecutive months of no activity.
Inactivity Fees
3/5
- $10 monthly inactivity charge
Overall on Fees
FXTM’s trading costs are kind of a mixed bag. The spreads on their Advantage Plus Account are really high compared to other brokers. On the other hand, the commission on the regular Advantage account is pretty fair. Plus, they charge inactivity fees, even though they don’t have extra fees besides the usual overnight financing.
Overall, FXTM deserves a good pass mark on fees: their commission fee of $7 per round turn compares well to its industry competitors.
Trading Fees and Other Costs
4/5
- Tight spreads and competitive commission on Advantage Account
- Zero commissions on the Advantage Stocks and Advantage Plus account types
- No extra fees on top of standard swap rates
- Commissions compare well to those of major competitors
- An inactivity fee of $10 per month
Desktop Trading Platforms
FXTM provides traders with various advanced trading platforms, including the MT4, MT5, and a proprietary trading platform.
MetaTrader 4
This broker lets traders use MetaTrader 4 (MT4), a straightforward platform from MetaQuotes Software. If you trade on MT4 with them, you can get into different markets and lots of financial instruments such as Forex, commodities, CFDs, and indices. MT4 is a free download, and it has all the stuff you need to check out the markets and handle your trades. MT4 has clear, interactive charts so you can keep an eye on the markets as they move. You also get over 30 technical indicators that can show you market trends and good spots to buy or sell.
Other benefits of MT4 include its powerful security system and multi-device functionality, which enable you to trade with complete confidence and at your convenience. FXTM offers Multi Account Manager (MAM) on MT4 for easy management and ultimate convenience for traders with multiple accounts. The broker makes the MT4 trading platform available in desktop, web, and mobile versions.
MetaTrader 5
The broker also gives traders the MT5 platform. It’s a newer, more powerful platform from the makers of MT4. MT5 lets you trade more than just forex; you can also trade stocks and futures. MT5 comes with tools for both basic and in-depth market study. You can copy trades from others or use automated trading robots. It’s got everything you need to trade any market easily. Plus, it has more chart styles and timeframes than MT4, with 44 graphics, nine chart types, 21 timeframes, a built-in economic calendar, and even an email system.
MT5 has some cool perks, like a strategy tester that handles multiple tasks, easy fund transfers between accounts, and alerts that keep you updated on the market. You can also chat with other traders in the MQL5 community, which is pretty cool. You can grab the MT5 platform for free on Windows and Mac, or use the WebTrader version. Plus, there’s a mobile app for both Android and iOS you can get from their app stores.
FXTM Trader
FXTM Trader is their own trading thing. The FXTM team built it so you can easily trade over 20 things. It’s an app for phones (Android and iPhones). You can trade whenever, wherever. It’s got cool stuff like trading on different devices, easy orders, a quick-trade button, a dashboard, live prices, and charts.
Copy-trading with FXTM
FXTM Invest is a cool way to get into trading, even if you’re not a tech whiz. Basically, you pick FXTM traders – we call them Strategy Managers – and copy their moves since they share their trading strategies. The nice thing about copy-trading with FXTM Invest is that you’re still in charge of your funds. You only pay your Strategy Manager a fee when they score a winning trade. It’s pretty straightforward; here’s how it works:
Select a trader who best matches your goals by using the tools provided by FXTM Invest to filter the available traders.
Decide your investment amount and how you will share it among different managers. Be balanced and don’t put all your eggs in one basket, so choose how much to allocate to each chosen trader if you have selected more than one person to copy.
The copy trading platform will automatically replicate all the selected trader’s positions in your trading account.
Add more funds if you like how the trader is performing. Or, reduce your exposure to one trader and keep your portfolio diversified by not investing too much in a single trader. You can replace your existing ones at any time; just keep in mind that you will need a separate Invest account for each trader you decide to follow.
There are no special fees to use the copy trading function, apart from the ones you pay the Strategy Manager whenever they profit. However, note that any brokerage fees that would apply to a normal trade will be applied to copy trades.
Desktop Platforms
4.5/5
- MT4/MT5 trading is available
- Multiple advanced trading tools are available
- Copy Trading available via FXTM Invest
Mobile Trading Platforms
FXTM knows mobile trading apps are a big deal for traders. That’s why they offer mobile versions of all their platforms: MT4, MT5, and FXTM Trader.
The mobile versions of MT4 and MT5 let you watch the market when you’re out. You can trade different assets from your phone. They have tools like indicators and signals. You don’t miss out by using the mobile versions because they have the same features as the desktop ones.
The FXTM Trader app works on Android and iOS. It makes trading easier because you can get to your account and trade anywhere you have internet. Some features include:
Open, close, and modify positions on all 650+ forex and CFD instruments on both live and demo accounts
Live currency rates 24/5
User-friendly trading dashboard
State-of-the-art charting tools
Unlimited access to MyFXTM, meaning you can withdraw, deposit and monitor your funds in mere seconds
1-click trading for faster market action and much more!
Mobile Trading
4.5/5
- Third-party mobile apps for the MT4 and MT5 trading platform is available
- A proprietary mobile app is available
- Apps offer the full functionality of the desktop platform version
Trading Instruments
FXTM has over 250 assets you can trade, like forex, commodities, crypto (Bitcoin, Ethereum, Litecoin, and more), stocks, indices, metals, energies, and CFDs. They have a similar amount of assets available for trade compared to other big brokers like OANDA, IC Markets, and Fusion Markets.
Asset Class | FXTM | IC Markets | Fusion Markets | |
Forex | 60+ | Excellent | 62 | 79 |
Indices | 19 | Fair | 23 | 11 |
Stocks CFDs | 600+ | Fair | 1,600+ | 50 |
Commodities | 12+ | Good | 22 | 16 |
Metals | 2 | Ok | 11 | 0 |
Cryptocurrency | 22 | Good | 17 | 13 |
ETFs | 43 | Good | 11 | 0 |
Futures | 4 | Good | 4 | 0 |
Options | 0 | N/A | 0 | 0 |
Let us now take a closer look at the product list.
Forex
At FXTM, you can trade almost any type of currency pair all day, every day. The forex market is known for its high trading volume, with about $7.1 trillion changing hands each day.
FXTM customers can trade over 60 currency pairs on platforms like MT4, MT5, and the FXTM app. When you trade forex at FXTM, spreads can be super tight. They start at 0.0 pips on the Advantage account, but keep in mind they can change based on your account type. FXTM also provides flexible leverage that can reach 1:2000 or even 1:3000 sometimes, depending on when you trade and what the market’s like. The size of your trades also affects how much leverage you can use. If you’re trading over $100,000, they’ll reduce how much leverage you can get. If you trade forex with Exinity Capital East Africa Ltd (which is regulated by the CMA), the highest leverage you can get is 1:400. For those in the UK, it’s capped at 1:30 for major currency pairs and 1:20 for minor ones.
Metals
FXTM lets you trade metals online and has good trading deals. Like, if you trade gold versus the dollar on their Advantage account—which is a popular option—you get pretty low spreads. If you’re not a CMA or FCA trader, this gold dealer lets you use leverage up to 1:3000. Just so you know, this changes. It goes down when your trades go over $100,000. CMA traders get a max of 1:400 leverage for metals. Retail traders in the UK can’t get more than 1:20 leverage on gold and 1:10 on silver.
Stocks
FXTM lets you trade stocks from big exchanges like the NASDAQ, NYSE, and HKEX. You can trade stocks on the MT5 platform as CFDs or directly without leverage. For regular stock trading, open an Advantage Stocks account for low spreads and no commissions. You can even trade parts of shares, like 0.3 of an Apple share. Note that share trading, even as CFDs, isn’t available to UK traders with FXTM’s FCA-regulated side.
Commodities
At FXTM, you can invest in different commodities from major natural gas markets. Trade WTI Crude Oil, Brent Crude Oil, or Natural Gas and guess price changes using CFDs. If you trade commodity CFDs with FXTM, you might get leverage as high as 1:500 on some energy stuff. This changes, dropping as your trading goes up to keep risks low. The CMA-controlled part has a 1:400 limit, and the FCA-controlled part limits energy commodity leverage to 1:10. FXTM also lets tradersทั่วโลก trade CFDs on soft stuff like coffee, corn, and cocoa.
Indices
FXTM lets you trade over twelve global indices as CFDs on MT4, MT5, and their own platform. You can access stock markets in the US, UK, Japan, and more by betting on price changes of big indices like the S&P 500, FTSE 100, and Nikkei 225. Leverage is there for CFD index traders, but it depends on where you live. Global clients can get up to 1:1000 on major indices, but only for trades up to $100,000. For CMA clients, the limit is 1:400. If you’re trading with the UK side of the business, it’s even lower, maxing out at 1:5. But, that UK group offers leverage up to 1:30 for trading the US Dollar Index with FXTM.
ETFs
Depending on where you signed up with FXTM, you might diversify your investments by trading CFDs on ETFs. This way, you can get into markets such as stocks, commodities, metals, growing markets, and tech. You can trade ETFs on MT5 and the FXTM app. ETF traders can also use leverage to open bigger positions, up to 1:10.
Cryptocurrencies
If you’re an FXTM client outside the UK, you can now trade crypto using CFDs. FXTM lets you bet on the price of over 20 popular and up-and-coming cryptos without needing to own them. You can find crypto on MT4, MT5, and the FXTM app. If you have an Advantage account, you’ll get super tight spreads. There’s also leverage for crypto trading: up to 1:1000 for Bitcoin and 1:100 for other cryptos. Just so you know, these leverage amounts can change if your crypto trades go over $5,000.
Futures CFDS
FXTM lets you trade futures CFDs on popular global indexes and energy stuff. Basically, you’re guessing which way the price will go without actually holding anything. They’ve got stuff like GER40, Nasdaq100, S&P 500, you know, the usual suspects. You can trade on MetaTrader 5, and they have decent spreads and you can adjust your leverage. Futures CFDs at FXTM are cool whether you’re doing quick trades or want to get in on the bigger market trends. Plus, they don’t expire, so you can just keep trading.
Traded Instruments
4.5/5
- A vast diversity of tradable asset classes
- Leveraged trading on various instruments
Trade Execution
FXTM uses a mix of trade methods. Both their Advantage and Advantage Plus accounts use market orders. So, you always get the best price available right away. Just remember, the price when your order goes through might be a bit different from what you saw when you clicked. Still, market orders mean fast processing with no delays.
With super-fast execution and cool tech made just for great trading, FXTM’s trade execution is among the best. They get their prices and send orders to big banks, major exchanges, and financial companies.
At FXTM, transparency in trade execution is not considered an advantage or a promise but a standard because it commits to facts and deliverables. FXTM trade execution is not just promises but facts and numbers. The records of the broker’s trade execution performance statistics are shown below:
- Millions in Traded Volumes
- Milliseconds in Speed of Execution
- Lowest Spreads from 0 Pips
- Deep Liquidity
- 180 U.S. share CFDs priced directly from the NASDAQ and NYSE
Trade Execution
3.5/5
- Market execution
- Ultra-fast execution speed within milliseconds
- Direct access to various top tier liquidity providers
Deposits
FXTM lets you pay in different ways: credit/debit cards, e-wallets, bank transfers, and even some local payment options. They don’t charge you to deposit money, and you can use these currencies: AUD, USD, EUR, GBP, NZD, SGD, JPY, and CAD. You can set up your FXTM trading account in USD, GBP, EUR, or NGN. The currencies available might be different depending on where you live. Just so you know, if you deposit money in a currency that’s not the same as your account’s currency, you might have to pay a conversion fee.
The account funding involves the following simple steps:
Open the Deposits page within the My Money section in MyFXTM.
Choose your preferred deposit method and click ‘Deposit.
Select the MyFXTM account or wallet you wish to deposit funds into and complete the necessary fields.
Confirm your deposit details on the next page.
With FXTM, your deposit needs to come from an account in your name. If you have a joint bank account or card, that works as long as you’re one of the account holders. You can start with just $10 for most payment options, but to really get going with any of FXTM’s three account types, you’ll need to deposit at least $200.
The broker offers a generous selection of deposit methods, including:
Method | Processing Time |
Domestic Fast Transfer | A few hours |
Credit/Debit Card | Instant |
JCB | Instant |
Neteller | Instant |
China Union Pay | Instant |
Skrill | Instant |
AstroPay | Instant |
Bank Transfer | Instant |
FasaPay | Instant |
Deposits Methods
4.5/5
- $10 minimum deposit
- Multiple base currencies
- No deposit fees charged
- Good selection of payment methods
- No deposit bonuses are available
Withdrawal Methods
You can withdraw funds online by navigating to the Withdraw page within the ‘My Money’ section in MyFXTM. Then, follow these steps:
- Select the payment method and click ‘Withdraw.’
- Select the MyFXTM account or wallet you wish to withdraw funds from and complete the necessary fields.
- Select a reason for withdrawal and click ‘Submit.’
Heads up, your account needs to be totally verified before you can ask for a withdrawal. Make sure you’re withdrawing to the same card, e-wallet, or bank account you used to deposit, and in the same amounts.
Like this:
First deposit – $600 – Credit Card *3989
Second deposit – $300 – Skrill
Total deposited: $900
First withdrawal – $200 – has to go back to Credit Card *3989
Second withdrawal – $500 – $400 has to go back to Credit Card *3989, and $100 has to go to Skrill.
Total withdrawn: $700
Keep in mind, sometimes you can only withdraw to a credit card within 12 months of when you first deposited.
The back office should process withdrawals in a day. How long it takes to hit your account depends on the payment method.
- Bank Wires: Between 3- 5 business days.
- Credit/debit cards: Between 3 – 10 business days.
- E-wallets: Within one business day.
FXTM doesn’t charge any fees for putting money in or taking it out. But, banks might charge their own fees when transferring money, and FXTM has no control over that. Also, because of money-laundering laws, FXTM can only send your withdrawn cash to a bank account that has your name on it—the same name as your FXTM trading account.
Withdrawal Methods
3.5/5
- No withdrawal fees with most payment methods
- No third party withdrawals
- Withdrawal processing time is dependent on the payment method
Customer Support Contacts
FXTM has a solid support team to help traders with questions about accounts, tech stuff, or anything else. They’re around all day, every day, and you can reach them in a few ways:
Support Contact | Available | Response |
Live Chat | 24/7 | Less than 30 seconds |
Telephone contact | 24/5 | Within several minutes |
Email contact | 24/5 | Within several hours |
FAQs | 24/7 | On the website |
Live Chat: This can be accessed via the message icon that is located at the lower right corner of the broker’s website. It is an efficient channel that allows you to chat directly with the broker’s support team live. When you click on the icon, you will be required to choose how you would want to be contacted: Live chat, Whatsapp, Telegram, Viber, Messenger, and more.
Telephone contact: Telephone contact: The broker’s support team can be contacted via this phone number: +44 20 3734 1025. There is also the call-back support channel where you input your country of residence, email, and telephone for the broker to contact you.
Email Contact: The support team can also be reached through email. The email contact channel is available 24/7 and offers swift responses within a few hours.
FAQs: This is a comprehensive list of Frequently Asked Questions. They answer some of the most common questions traders have, and they are arranged in the following categories: About Fxtm, Account Application, Account Management, Fund Management, Trading with FXTM, and Trading Platforms.
Support Contact
4/5
- Awesome Live Chat experience
- Comprehensive FAQs section
- Email support available
Research and Educational Materials
FXTM offers a good selection of educational resources. The learning resources can be grouped into the following:
Articles and Tutorials: They are created to help expand your trading knowledge and confidence. They cover a wide range of topics suitable for beginners and advanced traders.
Short educational trading videos: These can help you learn more about trading and the different concepts involved.
Webinars: These are freely available to all clients and available in multiple different languages.
Glossary: This is a collection of various trading terminologies and their detailed explanations.
Ebooks on various trading topics
Research & Education
3.5/5
- Various learning resources
- Video tutorials
- FXTM education section and press releases
Security and Money Guarantees
At bestbrokers.com, we make sure traders only deal with trustworthy, regulated online brokers, and FXTM is one of them. Here’s what we found:
- A decade of business history and growth
- Top-tier CySEC and FCA regulations
- Award-winning brokerage
Being regulated by strict regulatory authorities like the FCA, FSC, and SCA (UAE) makes FXTM a reputable broker that keeps to regulatory and ethical requirements.
Entity | Regulator | Amount covered | Negative Balance Protection |
Exinity UK Limited | Financial Conduct Authority (FCA) | £85,000 | |
Exinity Limited | Financial Sector Conduct Authority (FSCA) | N/A | |
Exinity Limited | Financial Services Commission of the Republic of Mauritius (SFC) | N/A | |
Exinity Capital East Africa Ltd | Capital Markets Authority of Kenya (CMA) | insurance up to $1 million, in excess of $10,000 |
Security of funds
4/5
- Strict FCA and CySEC regulation
- Multiple industry awards
Conclusion
So, basically, the BestBrokers.com team thinks FXTM is a great choice for Forex trading because it offers good conditions. Here’s why it might be a good idea to use them:
- Copy-trading via FXTM Invest
- High liquidity, flexible Leverage
- Innovative trading technology
- Advanced trading platforms
- Award-winning customer service
- Free education to sharpen your skills
- Fully licensed and regulated since 2011
Overall
4.5/5
- Fast execution and improved trust for clients
- Mixed trading costs and no non-trading costs
- Good selection of trading platforms and additional tools
- Opportunity to trade over 250 trading instruments across different asset classes.
