These contracts allow traders to speculate on future price movements without owning the underlying assets. Keep in mind that those are floating leverage ratios that may be reduced when the notional value of crypto trades exceeds $5,000. This is a dynamic leverage, available only for trading FXTM Broker Review volume of up to $100,000. This is a dynamic leverage that decreases for higher trading volumes to minimize the risk.
- In addition to these popular platforms, FXTM has developed its proprietary mobile app, FXTM Trader, designed to offer a user-friendly, on-the-go trading solution.
- A swap free account version exists for MT4 only.
- For better protection, we recommend opening an account with the UK branch, as it adheres to strict regulatory standards.
- In the Advantage Account and ECN Account, fees are based on commissions, providing tighter spreads but with additional per-trade charges.
FXTM Customer Service and Support
In conclusion, while FXTM has many strengths, including low fees, fast account opening, and good customer service. If you’re a trader who prefers to work with low spreads, you might find FXTM’s spreads too high for your liking. If you’re not planning to trade regularly, these fees could eat into your capital. ForexTime, also known as FXTM, is a well-regulated international CFD and forex broker. This diversity allows traders to diversify their portfolio and hedge against risks.
Risk Management
These results in no requotes and the broker does not act as a counterpart to these trades since you will be trading on the markets directly. If you would like to know more about these types of accounts, then you can always check our other articles on the best swap free brokers. It offers ECN and market execution through both the MT4 and MT5 trading platforms. Further provided by the broker is ICF insurance which can protect up to €20.000 for EU traders, and £85.000 for UK traders in the event of any serious financial issues. Nigerian traders in particular are fond of FXTM and the broker caters very well to this market.
FXTM Desktop MetaTrader 4 Platform
Support is tailored with local-language assistance across key global markets, ensuring timely and effective resolution for both novice and experienced traders. FXTM offers responsive, award‑winning customer support, including live chat and direct assistance from trained account managers. FXTM provides a flexible leverage system, allowing traders to tailor their exposure while controlling risk through dynamic margin adjustments.
FXTM Trading Contests 🥇
Your feedback helps us improve and support more traders like you.Best regards,The FXTM Team Wasted effort, other brokers don’t charge any deposit fee. Deposit and withdrawal take too long time, trade spreads gap less but add extra commission add on each transaction this is not fare, FXTM is one of the world’s largest financial trading businesses, with a global network of offices and regulatory jurisdictions spanning Europe, the Middle East, Africa, Asia and Latin America, and with clients in over 180 countries.
The broker also offers educational resources to help clients learn to trade at their own pace. This regulatory body ensures that financial markets and services in Cyprus align with EU financial regulations, providing a secure environment for traders. They also host exciting forex contests where traders can show off their trading skills. FXTM, a renowned forex trading platform, offers a variety of promotions and contests to enhance the trading experience of its users.
The $7 commission for a standard lot on the Advantage Plus account compares well against industry standard commissions of competitors. However, a commission fee of $3.50 per lot per side ($7 per round trip) is charged on the Advantage account. Let us take a quick look at the trading fees that are available at FXTM.
ECN Broker with Low Commissions
Moreover, ECN account holders also benefit from very competitive spreads. You can also open a demo account free of charge to practice your trading strategies. There are a variety of account types available to meet all trading needs and a truly impressive selection of funding methods.
Which Account Types Are Available with FXTM?
We only list trading platforms regulated by tier 1 and tier 2 institutions including CySEC, FCA, ASIC, NFA. FXTM also features a comprehensive Help Centre on its website, where traders can find answers to common questions, guides and troubleshooting resources. Withdrawals are typically processed in amounts starting from $5, providing flexibility for traders of all sizes.
- The FCA is a strict regulatory authority that ensures that brokers practice fairly and protect their clients.
- However, there are only four major cryptocurrencies available to trade with FXTM, all against the USD.
- These resources do a solid job of explaining essential terms and trading basics, making them well-suited for newcomers.
FXTM offers a demo account that lets traders explore the broker’s available platforms and test their strategies in a risk-free environment. FXTM offers high-leverage trading opportunities with dynamic margin requirements, helping traders optimize capital use across various market conditions. The Advantage account is FXTM’s top choice among forex traders, featuring typically zero spreads on major pairs and competitive commissions. The Advantage account offers spreads as low as zero on major forex pairs, benefiting cost-conscious traders.
When comparing FXTM with competitor brokers, key features should be considered such as fees, platforms, asset variety, regulatory coverage, etc. FXTM offers a quality range of tradable assets, allowing traders to seamlessly access and trade both traditional financial instruments and digital currencies. Overnight swap fees are applied to positions held open past the trading day and are calculated based on the asset and interest rate differentials, which can impact long-term traders significantly.
Some customers have praised FXTM for its user-friendly platform and advanced features. Please note that trading involves risk and isn’t suitable for everyone. Then, make an initial deposit of at least $50 to get your first 30% bonus.
This is further demonstrated by its excellent commission-based Forex pricing environment and transparency. One of the key features of FXTM is its support for Expert Advisors (EAs). With a PAMM account, an investor can also allocate a percentage of his account to one or more managers.
Commission charges typically range from $3.5 to $35 per round lot, depending on the specific account and asset being traded. The account is available on MT4 and MT5 platforms too and its fee structure brings a spread basis. Overall, FXTM maintains a positive reputation for transparency and consistency, especially among traders who prioritize regulated and structured environments. However, some traders have raised concerns over differences in protection levels among FXTM’s entities and occasional delays in withdrawals. Therefore, traders should carefully consider which FXTM entity they register with, based on their risk tolerance and need for regulatory security. While accounts under the offshore entity in Mauritius may have comparatively less regulatory protection which will affect factors such as fund safety and the degree of investor protection.
Spreads & Commissions
Although the broker offers no proprietary software for desktop trading, popular third-party platforms like MetaTrader4 and MetaTrader5 are supported. For the numerous educational materials and educational support FXTM offers its clients, we can say that this broker cares about each and every trader. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs. FXTM offers both demo and live account trading contests with something to offer traders at all levels from beginners to experienced. When it comes to trading costs with this account type, spreads start from an excellent value 0.1 pips along with a $2 per lot traded commission.
The minimum deposit at FXTM for the Advantage and Advantage Plus accounts is $200 or its currency equivalent. I also recommend first-time traders seek third-party education covering trading psychology while avoiding paid-for courses. Besides offering tight spreads for competitive commissions, FXTM also keeps swap rates on leveraged overnight positions low.
As of 2025, the broker provides traders with attractive spreads, fast execution, and flexible leverage across its various account types. FXTM also offers Islamic accounts, ensuring compliance with Sharia law for traders seeking interest-free trading. In addition, FXTM charges no deposit fees, making it more convenient for traders managing their accounts. FXTM offers both commission-free and commission-based Forex accounts, providing options for different types of traders. We can see from the above comparison that the Advantage account offers significantly lower trading cost, thanks to its tight spreads and competitive commission fees.
Another potential addition is TradingView, probably the best web-based charting and analysis platform in my opinion due to its robust community features and user-friendly interface. One option FXTM might explore is cTrader, a platform I really enjoy using for its intuitive interface and advanced charting tools. There’s also support for trailing stop-loss orders to secure profits while allowing for potential price fluctuations. These platforms can be used directly through a web browser or downloaded for desktop use on Windows, MacOS and Linux devices. FXTM provides access to industry-standard platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5).