FXTM is one of the most reliable forex brokers globally. It complies with strict regulatory practices in different regions where it operates. This serves to protect clients and ensure transparency at all times. Just making a foray into trading, a demo account, or a standard account is best for any user.
Can FXTM be trusted?
Three reputable bodies regulate FXTM. Are CySEC, FCA, and the FSC. CYSEC is primary regulatory agency for Cyprus, while the FCA and FSC are regulatory agencies for UK and Mauritius, respectively.
These bodies are provide stringent requirements. Clients should be assured of FXTM’s reliability by singular fact are affiliated with these regulatory agencies.
FXTM made its foray into the financial industry in 2011.
The company primarily provides consultancy services and guidance to clients looking into leveraged trading. The company has global outlook, with offices in Europe, Asia, Latin America, and Africa.
FXTM has built reputation as trusted brand. Between 2011 and 2020, more than two million people used its services worldwide. As attestation of efficacy, has garnered more than 25 awards. Moreover, FXTM subscribes to regulations in multiple jurisdictions. This assures clients of safety their funds.
Location & Offices
The broker is headquartered in Kato Polemidia, Cyprus, and has three office locations across two countries.
Only two categories of markets trade in world of finance. Market participants can either trade the FX market or the CFDs markets. Trading of CFDs includes assets such as indices, stocks, commodities, etc.
At FXTM, the traded markets exhibit both the FX in:
- Currency pairs
- Forex indices
The CFDs markets in:
- Forex & FX indices
The platform includes all major currencies and pairs like the USD, EUR, JPY, etc. Traders trade FX pairs such as the EUR/USD with spreads starting from 0.0 pips and leverage of up to 2000:1 on the broker’s famous account, the advantage account.
On the other hand, FXTM also allows clients to FX indices. FX indices are five to six currency pairs that trade against one strong currency. If the price of currency rises against the five or six pairs, the value of the index increases.
FX indices are popular with clients who prefer to diversify the risk instead of investing in price movement of one currency pair. At FXTM, only clients using the advantage account trade FX indices.
- Stocks, stock CFDs, stock baskets
FXTM allows clients to trade major US and Hong Kong stocks with zero commissions. Trade can buy and sell stocks of companies like Facebook, Tesla, and Apple with real-time customer support access.
The minimum deposit to trade as little as one share or at entire portfolio is only $500. The assets trade on largest exchanges in world like:
Traders also buy and sell price movements of shares not able brands like Apple and Alibaba. The stock CFDs apply to clients using the advantage account and, more so, the MT5 platform. Spreads for stock CFDs start from as low as 0.1 pips, but the clients incur $4 fixed commission per lot.
FXTM’s stock basket consists of all the client companies customized by broker’s experts into indices and trades with at single trade. Basically, they simplify best companies that client trades on stocks based on industries and global trends such that client trades all at once.
Most traded commodities consist of precious metals and energies and trade against major currencies like the US dollar. At FXTM, the energies that trade as commodities include:
- UK Brent oil
- US Crude oil
- US natural gas
While metals such as gold and silver trade on advantage account with spreads starting from 0.0 pips. Traders buy and sell these metals using USD and EUR currencies.
Indices trade on FXTM as CFDs with flexibility and for long hours, help investors diversify the portfolios.
Comparison with other brokers
FXTM offers three leading trading platforms as different applications. Clients access markets using MT4 and MT5 and the broker’s proprietary trading platform, the FXTM Trader.
As we noted, the MetaTrader platforms in different applications to suit many client, while to FXTM Trader operates only as mobile application. But all these platforms integrate seamlessly, with EA tools and other trading tools. As analyze each platform features before selecting the platform to trade with at FXTM.
- Live currency rates 24/5
- Keep track of your trades with the trading dashboard
- Manage your accounts from the same App
- Unlimited access to “MyFXTM” for fast deposits and instant withdrawals
- Ability to open, close, and modify positions in seconds
- Also available on multiple devices
- Fully integrated with chart tools and indicators
- No extra plugins to be added
- Easy to track the opened and closed positions
- One-click through trading for all instruments
MT4 trading platform
- It provides access to range of markets
- Interactive charts to monitor and analyze the markets
- Access to more than 30 technical indicators
- Powerful security system and multi-device functionality
- Instant real-time quotes
- All execution models available
- Trading history offered
- Available in more than 20 languages
MT5 trading platform
- Access to all markets
- Fundamental technical analysis tools
- Built-in copy trading and automated trading
- Integrated economic calendar and email system
- 44 graphical objects
- Multi-threaded strategy tester
- Funds transfer between accounts
- MQL5 chat allows clients to interact
- Customized interface
- Access to global news
Is FXTM good for mobile trading?
The broker of classic MetaTrader 4 and MetaTrader 5 as trading terminals. Both platforms are available for mobile devices, allowing traders to trade in most convenient gadget.
Valuable services FXTM:
- Economic calendar
- News feed from FXStreet
- Trading signals
- Currency converter
- MT4 indicators
- FX trading with VPS
The broker make deposits and withdrawals on platform seamless. It also does not take up any time at all. Are different options for deposits. These include local transfers from banks. Furthermore, users can make payments using Visa, Mastercard, or Maestro. The same ample opportunities are available for the withdrawal of funds.
Beyond the minimum amount required for each account, FXTM does not require users to make any additional payments. However, withdrawal generally takes about $3 for credit card and $20 if bank transfer. It is important to note that bank delays could affect the speed and nature of transactions.
If account has been dormant for more than six months, FXTM charges inactivity fee of 5 EUR. If no trading activity for six months or more, FXTM may also charge fees the withdrawal of funds.
FXTM’s commission on trades also relatively low, considering what other platforms charge.
|Account type||Spread/commission||Withdrawal commission|
|Standart||$13||Depending on the payment system|
|Cent||$1.5||Depending on the payment system|
|For CFD trading||$1||Depending on the payment system|
|ECN||$2||Depending on the payment system|
|ECZ Zero||$1.5||Depending on the payment system|
|FXTM Pro||$0||Depending on the payment system|
There are no hidden commissions in the company. No fee is charged for replenishing a trading account. The withdrawal commission is set by payment systems and ranges from 0.5% of the withdrawal amount to 30 EUR. For trading on an ECN account, a trader is charged a commission of $ 2 for each lot.
Deposit & Withdrawal
The deposit/withdrawal methods extend from domestic local banks’ channels to modern online wire transfers like FASAPAY and E-wallets:
- Domestic Bank wire transfers — depending on the client’s region
- Bank cards — Visa, MasterCard, Maestro
- E-wallets — Skrill, Neteller, etc.
$10 for a Cent account
FXTM accepts deposits in major currencies like USD, EUR, and GBP. It also waives all fees on deposits.
Where does FXTM excel?
- Top-class customer service
- No deposit fees
- Reliable transaction speed
- A pool of payment methods
- Easy to open an account
- Well regulated broker
- Copy-trading available
What are FXTM disadvantages?
- High trading fees on stocks
- Fees on withdrawals
- Fewer instruments for the micro account
- No bonus offer
- Inactivity fee
Who FXTM is best for?
The broker for traders with various trading strategies and investors.
It actively provides clients with optimal trading conditions and quality support. Traders are offered several types of accounts: cent (for beginners), classic and professional.
Standard and cent accounts assume instant orders, and professional ones — market execution. The average speed of execution of transactions in the company reaches 0.1 seconds. The broker offers classic MT4 and MT5 as trading terminals. Both platforms are available for mobile devices, allowing traders to trade from most convenient gadget.
The broker provides stable learning environment for anyone looking to begin trading. Similarly, it caters to experts already and seeks suitable play field. The platform take education of customers quite seriously.
The broker of clients multiple trading instruments in FX and CFDs mark real accounts. It accounts provide good trading platform for both beginners and experienced traders. Newbies also benefit for 5000+ expert traders by replicating their strategies us MT5 platform.
Starting your trading journey with FXTM guarantees the safety of assets as broker holds trading licenses of legitimate regulatory agencies worldwide, as segregation of funds and negative account protection.
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