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FXTM is an online forex and CFD broker established in 2011, headquartered in Cyprus. The broker provides access to a wide range of financial instruments, including 60 forex pairs, indices, commodities, gold, and oil. FXTM is known for offering multiple account types and platforms to suit various trading styles, including MetaTrader 4 and MetaTrader 5.
The broker emphasizes trader safety with segregated client funds and negative balance protection. With a minimum deposit of $50, FXTM aims to be accessible to a broad range of traders, from beginners to experienced professionals. It also provides flexible trading conditions, including high leverage up to 1:5000 and support for scalping, hedging, and algorithmic trading.
FXTM is an online forex and CFD broker established in 2011, headquartered in Cyprus. The broker provides access to a wide range of financial instruments, including 60 forex pairs, indices, commodities, gold, and oil. FXTM is known for offering multiple account types and platforms to suit various trading styles, including MetaTrader 4 and MetaTrader 5.
The broker emphasizes trader safety with segregated client funds and negative balance protection. With a minimum deposit of $50, FXTM aims to be accessible to a broad range of traders, from beginners to experienced professionals. It also provides flexible trading conditions, including high leverage up to 1:5000 and support for scalping, hedging, and algorithmic trading.
FXTM is well-suited for traders who prefer the industry-standard MetaTrader platforms (MT4 and MT5) and require a broker that supports various trading strategies, including scalping, hedging, and the use of Expert Advisors (EAs). The availability of a $50 minimum deposit makes it accessible to retail traders with smaller starting capital, while the diverse account types—such as Standard, ECN/Raw, Micro, and Islamic/swap-free—cater to different trading needs and preferences.
However, FXTM may not be the ideal choice for traders who wish to trade real cryptocurrencies, stocks, or ETFs, as these instruments are not offered. Additionally, those who prefer to use TradingView for charting and trade execution will not find it supported. The broker is a weaker fit for traders seeking a wide range of tradable assets beyond forex and CFDs on commodities and indices.
FXTM is regulated by several reputable financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in the EU, the Financial Sector Conduct Authority (FSCA) in South Africa, and the Financial Services Commission (FSC) in Mauritius. This multi-jurisdictional regulation ensures that the broker adheres to strict operational standards, including client fund segregation and negative balance protection.
For traders, this regulatory oversight provides a layer of safety and transparency. Segregated client funds mean that trader money is kept separate from the company's operational funds, reducing the risk of loss in the event of broker insolvency. Negative balance protection ensures that traders cannot lose more than their account balance, which is particularly important given the high leverage options available.
| Primary regulator | |
| All licenses held | FCA,CySEC,FSCA,FSC |
| Segregated client funds | Yes |
| Negative balance protection | Yes |
FXTM offers a range of account types, including Standard, ECN/Raw, and Micro accounts, each with its own cost structure. While the fact sheet does not specify spreads or commissions, it is typical that ECN/Raw accounts have lower spreads but charge a commission, while Standard accounts have wider spreads with no commission. Traders should review the specific terms for each account type on the broker's website.
Regarding deposits and withdrawals, FXTM charges no fees for e-wallet transactions (Skrill, Neteller) and online payment processors (PayRedeem, GlobePay). However, bank wire withdrawals incur a fee of €30 (or equivalent currency), and credit/debit card withdrawals are subject to a fee of €2 / $3 / £2 per transaction. Alternative e-wallets (Perfect Money, FasaPay) have a 0.50% commission, while African local solutions cost $1. Withdrawal processing times are generally fast, with 24 hours for e-wallets (often within 30 minutes), and 1-3 business days for credit/debit cards.
| Deposit methods | credit/debit cards, bank wire transfers, and e-wallets. |
| Withdrawal time | 24 hours (often in 30 minutes),Credit / Debit Cards (Visa, Mastercard): 1 to 3 business days. |
| Withdrawal fees | Bank Wires: €30 (or equivalent currency)Credit / Debit Cards: €2 / $3 / £2 per transactionE-Wallets (Skrill, Neteller): Commission-freeOnline Payment Processors (PayRedeem, GlobePay): Commission-freeAlternative E-Wallets / Systems (Perfect Money, FasaPay): 0.50% commissionLocal Transfers (Nigeria, India): Commission-freeAfrican Local Solutions: $1 |
| Inactivity fee | None charged |
FXTM is a well-regulated broker with a strong global presence, offering a solid range of forex pairs and CFDs on commodities and indices. Its low minimum deposit, high leverage, and support for various trading strategies make it a versatile choice for both new and experienced traders. However, the lack of real cryptocurrencies, stocks, and ETFs, along with certain withdrawal fees, may be a drawback for some. Overall, FXTM is a reliable option for forex and CFD traders who value regulatory security and flexible trading conditions, but those seeking a wider asset universe or specific platforms like TradingView should consider alternatives.