Compare FXTM with the top 3 similar brokers that accept traders from your location. However, I have been disappointed with the lack of a contact phone number in the event of an urgent issue. While this limited availability is adequate for many traders, it can be a drawback for those who might need assistance outside of business hours. FXTM’s detailed articles, introductory videos, and e-books on fundamental trading concepts and market analysis can benefit beginners. For those using the Advantage Plus account, spreads on major pairs like EUR/USD are typically around 1.9 pips, higher than industry averages of around 1.2 pips.
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FXTM use tiered commissions which mean commission costs will are lower if you hold more equity in your FXTM trading account and the more volume you trade. Unlike the global offering, FXTM UK does not provide live chat support with a direct agent switch option. Instead, clients must use a ‘raise request’ form, which can result in longer wait times for a response. This variability might be due to the differing complexity of issues or the timeliness of support availability. FXTM offers responsive, award‑winning customer support, including live chat and direct assistance from trained account managers.
Commodities
- FXTM maintains 60 currency pairs, 14 commodities, 21 index CFDs, 802 equity CFDs, and 639 US-listed stocks.
- If you want to stick to MT4 and the massive back-library of custom indicators and EAs that have been developed for it, then you won’t have to worry about being forced to change by FXTM.
- Developing a robust client education program focused on regulatory protections and what they mean for traders could also empower clients and reinforce FXTM’s commitment to their safety.
- Leverage allows traders to control larger positions with a smaller amount of capital, amplifying both potential profits and risks.
- Each broker has distinct strengths, and understanding these differences helps traders choose the most suitable option for their specific needs.
Withdrawals back to the original payment source are standard, with minimal fees for e-wallets. Yes, FXTM is licensed by several top-tier regulators which ensures legal operation and compliance across multiple jurisdictions. This multi-regulatory oversight increases trust among traders and minimizes the risk of scams or malpractice.
Clients benefit from insurance coverage up to $1 million, institutional-grade banking partners, and security protocols designed to safeguard data and financial integrity at every stage of the trading process. To open an FXTM Live trading account, the applicant can simply click on the orange “Open Account” button located at the top of the FXTM webpage. Please note that in some cases, credit card withdrawals can only be made within 12 months of the initial deposit. From the table above, the spreads offered by FXTM MT4 Accounts are quite higher than those offered by big names in the industry like IC Markets, IG Markets, and Fusion Markets.
- This assessment offers a transparent evaluation of FXTM’s conditions, tools, support, regulatory standing, and overall suitability for traders.
- Just direct access to deep pools of liquidity with absolutely minimal interference from FXTM.
- The minimum deposit for most account types starts at just $10 (for Cent Accounts) and varies slightly depending on the account type.
- FXTM also maintains its FXTM Trading Signals service for traders seeking actionable research.
- Other benefits of MT5 include a multi-threaded strategy tester, fund transfer between accounts, and a system of alerts to keep abreast of all the latest market events.
The Web Platform provides traders with a flexible and user-friendly experience accessible directly through a web browser. Built on MT4 infrastructure, the platform offers seamless functionality without requiring any downloads, allowing users to trade from any computer with internet access. FXTM offers access to the industry-standard MetaTrader 4 and MetaTrader 5 platforms, known for their good charting capabilities, analytical tools, and customizable interface.
Standard account types are best for new traders who may be trading on smaller accounts. Each account type allows clients to focus on different asset classes, as well as offering different spread and commission price models. BrokerChooser rated FXTM 3.9/5, highlighting low forex fees, fast digital account opening, and responsive customer service. However, it noted cons such as withdrawal fees, inactivity fees, and limited educational tools. FXTM delivers robust, worldwide customer support with 24/5 multilingual assistance and dedicated account managers. With fast response times, high satisfaction fxtm forex broker review rates, and efficient withdrawal handling, it ensures reliable and effective service for traders at every experience level.
Fees & Costs
Many traders use Cent Accounts alongside a Standard Account to test new EAs under live trading conditions. FXTM offers an extensive educational suite and trading tools, though some aspects of their educational content need updating. The account sign-up process for this review was delayed because the UK auditor needed to provide additional information. Despite the prompt submission of documents for identity verification and proof of address, verification was placed on hold, requiring a support ticket where the agent asked for further information on professional status.
What is the maximum leverage available at FXTM?
Here is the minimum spread for the EUR/USD and the trading costs per 1 standard lot in both. Forextime is also acquiring a regulatory license in Kenya as it expands across the African continent. On February 26th, 2021, FXTM ceased its retail operations from its CySEC regulated entity. It cited the uncompetitive regulatory framework introduced by the European Securities and Markets Authority (ESMA) for its reason.
FXTM stands out as a trusted global broker with over a decade of experience in FX and CFD trading. With over 1 million clients across 150 countries, FXTM offers a transparent trading environment, zero-spread accounts, robust regulation, and comprehensive educational support to help traders succeed at every level. The platform features fundamental and technical analysis tools, copy trading tools, and automated trading EAs, equipping you to trade all the available instruments seamlessly. It has 44 graphical objects, 9 chart types, 21 timeframes, and an integrated economic calendar and email system.
CUSTOMER SERVICE IN WHATSAPP
These platforms come equipped with a variety of tools and features designed to enhance the trading experience, making FXTM a solid choice for those new to trading as well as those with years of experience. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Although less comprehensive than IG or Interactive Brokers, FXTM offers a good range of well-written educational resources, supported by an in-house team of analysts to help traders stay better informed.
FXTM offers secure, flexible, and transparent trading options for over 1.5 million active traders. With a wide range of account types, competitive spreads, and educational resources, FXTM caters to traders of all levels, from beginners to professionals. The mobile versions of the MT4 and MT5 trading platforms are designed to suit people who want to monitor the market on the go.
With FXTM, traders can trade the various major, minor, and exotic currency pairs 24/7. The forex market is reputed for having the highest liquidity, with around $7.1 trillion exchanged daily. On one hand, its spreads on the Advantage Plus Account are very high compared to its closest competitors, but on the other hand, it charges a very reasonable commission on the Advantage account. Also, while there are no additional fees on top of overnight financing charges, it charges inactivity fees. I use it to help inform my forex day trades and you can filter by timeframe and calculation method (e.g. fibonacci).
FXTM offers competitive trading conditions designed to cater to a wide range of trading strategies, from beginner to professional levels. As of 2025, the broker provides traders with attractive spreads, fast execution, and flexible leverage across its various account types. The account types are also designed to fit a variety of styles, from beginners using Advantage Accounts to experienced traders leveraging ECN conditions with tight spreads as low as 0.0 pips. With superfast execution, flexible leverage options, and competitive fees, FXTM ensures a cost-effective experience all in all. FXTM provides an impressive array of trading tools and robust platforms, including the popular MT4/5 and their proprietary mobile app.
FXTM Customer Service and Support
The biggest reason to choose MT4 is to gain access to the endless library of custom indicators and expert advisors that have been developed specifically for the platform. With an inability to seamlessly transfer indicators from MT4 to MT5, many traders prefer to stick to MT4 to continue trading their proven strategy. ECN Zero Account An FXTM ECN Zero Account has all the features of the ECN account above but without the commission charges. To compensate for no commissions, you’ll notice that your spreads are slightly wider, but still under the level of Standard Accounts. Use the calculator below to compare FXTM’s trading costs with competitors such as Pepperstone, Eightcap and CMC Markets, adjusting for trade size, currency pair, and base currency.
