Low trading spreads on major pairs
Low minimum deposit
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FXTM review 2023

Investing options: 4.4

Platforms & usability: 2.8

Products, markets, & assets: 3.4

Safety & reliability: 4.1

Deposits & withdrawals: 2.8

Research & analysis tools: 3.4

Fees & costs: 3.7

Education & learning resources: 3.6

FXTM review Summary

Updated: Jun 29, 2023
8 min read
FXTM is a specialty CFD broker with over 3 million clients in more than 180 countries.

Whether you’re an experienced market professional or completely new to trading, FXTM enables you to buy and sell FX, indices, commodities, shares, and metals. FXTM was originally established in 2011 with the stated mission of bringing the opportunities of financial markets to global audiences, wherever they may be. Keep reading to find out more.

What can I do with FXTM?

FXTM allows you to trade a wide variety of CFDs with leverage of up to 1:20. Alongside their own FXTM Trader app, the platform also supports the world’s most popular trading platform, MT4, across desktop, web, and mobile devices. Users can access trading with different account types and tools to suit both experienced and beginner traders.

These range from ultra-low trading costs for high volume traders to fast trade execution, and free educational courses and guides to help you get started on your trading journey.

FXTM markets, assets, and options

What assets and products can you trade on FXTM?

FXTM offers over 150 trading instruments, including major currency pairs such as EUR/USD, GBP/USD and share CFDs on indices such as the NYSE and Nasdaq. Here’s a full breakdown.

View more products >

What leverage trading options are there?

FXTM offers various leverage trading options up to a 1:30 maximum, depending on the instrument being traded. Below are the different levels of leverage available on FXTM.

Please keep in mind that leveraged trading carries with it an added element of risk with more than 74% of those trading with leverage on FXTM losing money. 

Product (CFDs)Maximum leverageMargin
View leverage details >

What are the spreads?

FXTM spreads start at 0.1 for the most popular currency pairs and go up from there. The broker is known for having some of the tightest spreads in the industry.

ProductAverage spreadFixed or variable?
Forex0.5 pipsVariable
Stocks0.10 pipsVariable
Metals4 pipsVariable
Commodities3 pipsVariable
Indices1.3 pipsVariable
View spread details >

Fees, limits, and payment options on FXTM

What are the deposit and withdrawal fees, limits, and speeds?

FXTM offers a good range of deposit and withdrawal options, including online payment processors such as Paypal and several e-wallets – in addition to the standard card/bank transfer options.

Payment methodDepositWithdraw
– min/max
– fees
– speed
Up to 2 hours
Same business day
Credit card
– min/max
– fees
– speed
Up to 2 hours
Same business day
Bank Transfer
– min/max
– fees
– speed
Yes (only for GBP & EUR)
3-5 business days
24 hours
– min/max
– fees
– speed
Up to 2 hours
Same business day
– min/max
– fees
– speed
Up to 2 hours
Same business day
– min/max
– fees
– speed
Up to 2 hours
Western Union Quick Pay
– min/max
– fees
– speed
24-48 hours
View more payment options >

How much are FXTM’s fees and commissions?

FXTM makes money from commission spreads on every trade instead of fixed fees. This is common practice in the CFD brokerage industry, and here is a rundown of the commissions charged by FXTM.

Fee typeFee amountCommission
ForexNone 0.5 pip spread
StocksNone0.10 pip spread
MetalsNone4 pips spread
CommoditiesNone3 pip spread
IndicesNone1.3 pip spread
View fee details >

FXTM trade sizes and limits

FXTM trade sizes start at 0.01 lots, which is the lowest amount you can possibly trade, and goes all the way up to 250 lots for most instruments.

ProductMinimum tradeMaximum trade
Forex0.01 lots 250 lots
Stocks0.01 lotsNone
Metals0.01 lotsNone
Commodities0.01 lots50 lots
Indices0.01 lots15 lots
View trading details >

FXTM trading platform

What devices can I use FXTM on?

FXTM offers access to the popular MetaTrader 4 and 5 platform across desktop, web, and mobile. It also offers its own proprietary FXTM Trader mobile app.

  • PC
  • Tablet
  • iOS Mobile Devices
  • Android Mobile Devices

Can I use FXTM in my country?

FXTM is available in over 180 countries, including the UK, France, Russia, and Spain. Select your country from the list below to see if it is available where you are.

Is FXTM available in my language?

FXTM currently provides support in a total of 13 languages, including Russian, Spanish, Italian, and French. Select your language from the list below.

How easy is it to use FXTM?

FXTM is simple and easy to use, and also provides access to a wide array of trading options. The platform provides the latest technology and software for accessing financial markets including foreign exchange, commodities, indices, and stocks.

There is some variance across the popular MetaTrader 4/5 and proprietary FXTM Trader platforms, but all offer easy navigation and simple trade setups whether you are using the desktop, web or mobile versions.

Whether you want to analyse the market from multiple angles with time-framed charts or view and respond to split-second market movements, FXTM helps improve your trading experience.

Key features

With rich functionality and a range of built-in tools and charts, FXTM provides traders with plenty of options. Here are three of our favourite features of their service.

Expert Trade Indicators

Access technical indicators ranging from price action to statistics from a wide range of experts with MetaTrader’s Market feature.

Algorithmic Trading

Build custom trading robots and automated trading strategies by using MetaQuotes Language 5 (MQL5) highly intuitive programming language.

VPS Trading

In collaboration with third-party service providers, eligible high-volume FXTM clients have the option of hosting their virtual PCs on the broker’s cloud servers, using PC’s and mobile devices with Remote Desktop Protocol (RDP).

This is beneficial as these cloud servers are permanently connected to the internet, which contributes to a safer and more stable trading environment.

Security and regulation

Is FXTM safe?

FXTM implements standard security features such as network traffic encryption, pseudonymisation, data encryption, and two-factor authentication, which is common among all reputable brokers.

Such measures are usually enough to protect clients personal data and prevent unauthorised access in over 99% of cases.

Am I and my funds protected?

FXTM is a member of the Investor Compensation Fund (ICF) for the Clients of Cyprus Investment Firms (CIFs). This means that eligible counterparties (traders) can receive a total compensation of no more than 20,000 EUR or 90% of the covered investor’s claim, whichever is lower.

Is FXTM regulated?

Yes, FXTM is regulated by several first tier financial authorities, including:

  • Cyprus Securities and Exchange Commission, CIF license number 185/12.
  • Financial Sector Conduct Authority (FSCA) of South Africa, FSP No. 46614.
  • The Financial Conduct Authority of the UK, number 600475.

Do I have to verify my account with FXTM?

Yes, to verify your account you must upload clear colour copies of the following documents:

  1. Proof of identity – passport, national identity card or driver’s license
  2. Proof of address – bank/card statement or utility bill, issued no longer than 6 months ago. 

Extra information

Educational resources

FXTM provides an entire Education section filled with easy to read guides and tutorials on FX trading, candlestick patterns, and other strategies for beginner and intermediate traders.

The section also includes webinars from expert presenters, ebooks on popular trading topics, and video tutorials.

Tools and charting

FXTM offers just about everything you need to start trading effectively – from trading signals, high quality data, and assessments of market fluctuations, to different trading strategies such as swing, scalping, and position trading. 

The platform also gives traders a free demo account and trading simulator, while also allowing custom algorithmic trading bots to be built by professional traders who want to get the most out of their setup.

Customer support

FXTM provides a few different support options, including phone (Mon – Fri 08:00-18:00) live chat/messenger chat, and email.

The company generally has a good reputation online for responding to clients in a timely manner.

Our verdict

FXTM is a reliable regulated broker, providing a popular range of trading platforms from MetaTrader 4 and 5 to its proprietary FXTM trader mobile platform and various account types, including professional client accounts.

The MT4 and 5 trading platforms have lots of built-in features from different time frames to technical indicators, signals, and are available across desktop, web, and mobile devices. Through these trading platforms, FXTM offers access to a range of forex, indices, commodities, spot metal, and share CFDs.

The volume of educational resources available on FXTM’s site is impressive. The platform has a beginner’s guide to forex trading and provides plenty of material for all users – from newcomers to intermediate and professional traders. All traders can hone their skills with FXTM’s resources.

Overall, FXTM’s benefits far outweigh the platform’s drawbacks (which mainly centre around its fairly limited CFD selection), and its ever-growing client base speaks to this.

How to open an account with FXTM

  1. Click “Open Account” above the header on the homepage
  2. Decide what account type you would like: regular or professional
  3. Enter your personal information
  4. Click ‘Send PIN’ to receive an access code by SMS or Email
  5. Enter the PIN in the relevant field
  6. Click “Register Now”
Who owns FXTM?
How does FXTM make money?
Do I have to pay tax on FXTM profits?
Does FXTM offer CFD trading?
How do I sell on FXTM?
How do I delete my FXTM account?
How can I short on FXTM?
What if I forget my account password?
Can I transfer from my FXTM account into my PayPal account?
What if FXTM closes down while I have open trades?
Can I access my full trading history on FXTM?
Can I pay in cryptocurrency with FXTM?
Does FXTM offer bonuses?
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Sources & references
Risk disclaimer
Theodor Tonca
Financial Writer
Having worked for a decade as an analyst, investment partnership founder, and writer - Theodor is a keen sportsman. When not working, he can most commonly… read more.