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.
Pros & Cons
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 superfast 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.
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 leverage||Margin|
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.
|Product||Average spread||Fixed or variable?|
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.
Up to 2 hours
Same business day
Up to 2 hours
Same business day
|Yes (only for GBP & EUR)|
3-5 business days
Up to 2 hours
Same business day
Up to 2 hours
Same business day
Up to 2 hours
|Western Union Quick Pay|
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 run down of the comissions charged by FXTM.
|Fee type||Fee amount||Commission|
|Forex||None||0.5 pip spread|
|Stocks||None||0.10 pip spread|
|Metals||None||4 pips spread|
|Commodities||None||3 pip spread|
|Indices||None||1.3 pip spread|
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.
|Product||Minimum trade||Maximum trade|
|Forex||0.01 lots||250 lots|
|Commodities||0.01 lots||50 lots|
|Indices||0.01 lots||15 lots|
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.
- 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.
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.
Build custom trading robots and automated trading strategies by using MetaQuotes Language 5 (MQL5) highly intuitive programming language.
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, pseudonymization, 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:
- Proof of identity – passport, national identity card or driver’s license
- Proof of address – bank/card statement or utility bill, issued no longer than 6 months ago.
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.
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.
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
- Click “Open Account” above the header on the homepage
- Decide what account type you would like: regular or professional
- Enter your personal information
- Click ‘Send PIN’ to receive an access code by SMS or Email
- Enter the PIN in the relevant field
- Click “Register Now”
FXTM is a wholly owned subsidiary of the Exinity Group, which is owned by Andrey Dashin.
FXTM primarily makes money from trading spreads on every transaction and fees on client withdrawals.
Citizens of the EU, UK, and other areas where FXTM is supported may be asked to pay taxes on their profits, depending on the state laws. Please check your local tax laws to determine what applies to you.
Yes, FXTM is a CFD broker that offers forex, metals, commodities, share, and index CFD trading.
Once you are logged into your verified account, right click on the trade you wish to close. Once the order window opens, click “Close” and then “OK”.
To delete your account simply write an email to: [email protected] and in the subject section type “Request to delete my account”.
You can short on FXTM by selling any asset you hold that you believe will fall in value. If this drop in price materialises, you can buy back the asset at the new lower price, pocketing the profit.
If you forgot your password, go to the login screen and Enter your MyFXTM ID or the email address attached to your account. An email with a PIN to verify your identity will be sent. Type in the PIN provided, then enter your new password.
Yes, you can withdraw from FXTM directly into your PayPal account.
All your open trades are processed in real-time and will be visible in your trade history.
In the event that FXTM ceases operations altogether, the company 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 up to 20,000 EUR or 90% of your claim, whichever is lower.
To access your trading history, log in to your trading platform and press Ctrl+T. In the ‘Terminal’ window that appears select ‘Account History’ and select or customise the timeframe.
No, FXTM does not currently support payment in cryptocurrencies.
FXTM offers various promotions and rewards from time to time. You can regularly check to see what (if any) bonuses it is offering: https://www.forextime.com/eu/forex-trading-promotions.