However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review.
It’s being a great experience so far. 👍to fxtm
This gives you the perfect chance to learn more about the broker and trading in general with absolutely no risk or obligation to make a real deposit. This is a little high with the average EUR/USD spread at 1.9 pips, or Gold at 56 pips, but you have to consider the convenience and lower risk level of the account where the minimum deposit is just $10. So, they are considered a legit CFD broker because of their licenses with multiple regulations.
Market Resources
You can get spreads of 200 to 400 pips and leverage that varies based on experience. Trading spot metals with FXTM allows you to trade gold or silver against major currencies 24/5 with varying degrees of leverage based on experience. Spreads go as low as 0.4 on XAG/USD or 5.0 on XAU/USD when you open an ECN account. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
How do I open an FXTM account?
Trustpilot score of FXTM is updated by our team as of June 11th, 2025. FXTM offers a variety of extra tools aimed at improving the overall trading experience. They help streamline automation, deliver valuable market insights, and boost the efficiency of trade execution. MT5 supports 21 timeframes (from minutes to months), a built-in economic calendar, and a position hedging system.
- The broker also offers a range of ECN accounts which are available starting from a much lower spread, in some cases from 0 pips, though a commission starting at $2 per lot traded is applied.
- Overall, FTXM raw spreads tend to be higher than the average, as shown in the table below.
- Please note that the BTC withdrawal can be made only to the BTC wallet with which the funds initially were deposited, and only up to the amount deposited in BTC.
- Some brokers I use, like eToro, have developed platforms that incorporate social trading features, enabling users to follow and copy the trades of experienced traders.
Through the FXTM standard account types, trading is widely commission-free, with floating spreads offered. These spread vary depending on your account type choice, but start from around 1.3 pips on standard accounts. FXTM stands out by providing fast trade execution, tight spreads, and access to powerful platforms. The broker is also globally regulated and offers a broad suite of tools, real-time market updates, and educational content, making it suitable for both beginner and experienced traders looking to diversify. FXTM lacks a beginner-friendly platform, and its minimum deposit requirement is $500, which is higher than the industry average.
In my research, FXTM showed transparency in its regulatory status, listing its regulators in the footer of the website page. The website clearly breaks down trading costs on the Trading Commissions and Fees page. To view the nitty-gritty details, traders can find the Client Agreement on the Terms and Conditions page. Follow a similar structure with processing times from the same business day for cards to several days for wire transfers. Withdrawals back to the original payment source are standard, with minimal fees for e-wallets. FXTM does not offer services in several countries due to regulatory restrictions, including but not limited to the USA, Mauritius, Japan, Canada, and several others listed.
FXTM spreads and commissions are available as floating spreads only. The lowest available spread is 0 pips but this is on the FXTM Advantage account. There are no withdrawal fees to worry about if you are withdrawing to an eWallet. If you are withdrawing to a debit or credit card then there will be a fixed commission of 2 EUR, 3 USD, or 2 GBP depending on your base currency. Here is a closer look at each and every account type you can expect when you start trading at FXTM. As a scalper, you will be glad to find this type of trading strategy is permitted by FXTM.
Platforms and Tools
The market analysis and education sections of their website are some of the most in-depth that we’ve come across. Most brokers only provide the out-of-the-box version, which does not provide all the necessary functionality. These tools include the Orders Indicator, the Pip Value Calculator, the Pivots SR Levels, the Spread Indicator, the Market Data to CSV, and the Day Bar Info Indicator.
To understand the real reviews, traders should focus on the content of the reviews. While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service. Another popular program is the ongoing Loyalty program, which offers you actual cash, fxtm review not points or virtual cash.
So nice broker
- The ease of several funding options, tight spreads, and commission fees make FXTM a top broker to consider.
- The only exception you may find is if you deposit currency does not match a base currency then you may have to pay a conversion fee.
- Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.
- Our main concern is that FXTM’s trading costs are higher than other brokers and that it charges fees for all withdrawals.
You can also see your balances immediately on the MT4&5 platforms and can even make trading account deposits and withdrawals via the platform. FXTM offers a generous selection of over 250 financial assets from various asset classes such as CFDs on forex, stocks, commodities and indices. The broker lacks other popular asset classes such as cryptocurrencies, options, bonds, and ETFs. If you want to trade in these asset classes, AvaTrade have a good selection to choose from.
Also, even though there is a separate Stock trading account it offers only speculation on CFDs, so not the classical investment you might look for. However, the actual deposit amount may vary based on the region, chosen payment method, and local regulations. Traders should carefully review the specific requirements for their preferred account type and ensure they meet the necessary conditions before funding their account. Leverage allows traders to control larger positions with a smaller amount of capital, amplifying both potential profits and risks. While the multiplier can enhance profits, it also increases the potential for significant losses, especially in highly volatile markets. Traders should carefully consider their risk tolerance and trading strategy before using high leverage, as excessive leverage can lead to substantial losses.
This includes wire transfers, credit/debit cards that are Visa, MasterCard, or Maestro, and a range of eWallets including Skrill and Neteller. Your account now has been setup and you can check your email for more details regarding your trading account. The funds will be reflected instantly in case you are depositing with your card or wallets. But in case of others payment methods i.e. bank transfer/bank deposit, you need to wait for few hours depending upon your selected payment method. All these regulations make Forextime a trusted broker in terms of safety of your funds, since FXTM is regulated with multiple regulators.
This can be crucial for day traders who need immediate assistance during fast market movements. Although less comprehensive than IG or Interactive Brokers, FXTM offers a good range of well-written educational resources, supported by an in-house team of analysts to help traders stay better informed. For example, Exness uses live feeds from the active FXStreet, and IG offers a unique video channel that broadcasts live sessions thrice daily. These sessions provide pre-market updates, real-time chart analysis, and forward-looking market insights.