FXTM Review: Features, Pros, Cons, and More 2025!

Once you are satisfied with the trading conditions of the broker, you may proceed with real trading. The MT4&5 platforms are quite intuitive to use and can readily be mastered by opening a demo account to practice in. The demo account is an extremely powerful educational tool that lets you trade using virtual money to avoid risking any real funds. Demo accounts can also be invaluable to traders developing and testing a trading strategy.

Opening an Account

One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Forextime offers excellent spreads in its fxtm broker review commission-based account, making it one of the cheapest Forex brokers in the entire retail Forex industry worldwide.

FXTM Ratings and Reviews from Forex Peace Army:

In relation to any transaction, FXTM will either be on the other side of it as a principal or act as an intermediary. Both Advantage and Advantage Plus accounts use Market Execution, meaning that there are no requotes, and execution is assured. Overall, I rate the FXTM Trader app as well-designed and especially good for beginners. However, it lacks advanced features, such as price alerts and trailing stop-loss orders. My tests showed that spreads are especially competitive in CFDs on shares and Bitcoin, but there is room for improvement in the spreads for some forex pairs.

One user claimed a +102% return in one month through an investment manager, though others cautioned about overly optimistic return claims. Another warned about cent-accounts where “10 USD shows as 1000 USD” – a potential psychological trap that can mislead beginners into risking more than they intended. Yes, in the rare case of FXTM insolvency, client funds are insured up to $1 million (above $10,000). This insurance covers both balances and open positions, provided claims meet specific policy requirements and are submitted within 12 months of the insolvency event. FXTM takes fund protection seriously, combining strict regulatory compliance, advanced encryption, and top-tier fund segregation.

Low Trading Costs and Great Regulation

• For cryptocurrencies, they accept Tether (USDT), Bitcoin (BTC), Ethereum (ETH), and TRON (TRX).
• The funds are returned to the original source of payment typically on the following business day, assuming there are no verification delays or additional information required.
• FXTM enhances the MT4 experience with several added tools, such as the Pivot Point Indicator, Pip Value Calculator, and Spread Indicator, giving traders additional insights and convenience.
• Other benefits of MT5 include a multi-threaded strategy tester, fund transfer between accounts, and a system of alerts to keep abreast of all the latest market events.

These platforms are quite easy to understand and navigate, so you should have no problems trading any asset of your choice. The platform supports trading through a desktop application (Windows, macOS), mobile devices (iOS, Android), and a web version. For automated trading, the platform uses the MQL5 programming language, allowing the development of Expert Advisors, scripts, and indicators.

Active CFD traders can especially benefit from the advanced platforms and tools available, along with more competitive trading costs via the raw spreads Advantage account type. FXTM offers real stocks from US exchanges, which is not typical for CFD brokers and represents a significant advantage for swing traders. This is complemented by average swap fees and a good selection of CFD instruments, making swing trading (holding positions for days or weeks) a great option at FXTM. Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst.

Trading Account Opening

The broker makes the MT4 trading platform available in desktop, web, and mobile versions. FXTM offers swap-free trading on all the available live trading account options. The swap-free account is designed for clients of the Muslim faith who cannot receive or pay swaps due to religious beliefs.

• You can, however, trade all the major markets offered by FXTM directly from your charts in the MT5 platform and access several exclusive features that we go over below.
• To compensate for no commissions, you’ll notice that your spreads are slightly wider, but still under the level of Standard Accounts.
• As highlighted above there are the typical global averages, but only 11 to trade.
• Generally, FXTM considers this swap fee to be the interest that you earn or pay for a trade that you keep open overnight.
• Through this platform, users can select Strategy Managers whose trading styles align with their goals.
• You’ll get the full technical analysis toolkit on both systems; it just depends on which one you prefer to use.

Trusted Forex Broker

The account sign-up process for this review was delayed because the UK auditor needed to provide additional information. A confusion with email addresses extended the process by over a week, which might have been shortened with live chat support for UK customers. FXTM is an excellent broker for beginners, active traders, scalpers, and those who prioritise strong regulatory oversight and risk management. Whether you trade spot metals, energy, or soft commodities, FXTM has a CFD market for you. Whether it’s the main part of your trading strategy or simply used for diversification, take advantage of the volatility in commodities markets with FXTM. FXTM encourages traders to download both the MT4 and MT5 platforms, then use them in parallel before making their final decision.

The broker offers competitive dealing spreads on most pairs, and you can access advanced signals and expert advisors through the MetaTrader platforms. FXTM provides access to an impressive display of financial instruments including forex, commodities, indices, and cryptocurrencies, although some restrictions apply to clients in specific regions. Like most regulated financial service providers, FXTM tries its best to maintain quality service and protect its clients. The platform is regulated by the relevant authorities and this makes it easier to hold the broker accountable in case of any fraud or unjust treatment.

From the investor side, you can start from as little as $200 and follow other successful FXTM traders on a professional and intuitively laid out system. You have the option to filter Strategy Managers based on various factors, including success rate, risk level and overall profit. Trading in forex, stocks, cryptocurrencies, CFDs, indices, and commodities carries the potential for financial loss and may not be suitable for all investors. Before making any decisions regarding Forex or any other financial instruments, it is essential to thoughtfully consider your investment objectives, your level of experience, and your risk tolerance.

Is FXTM suitable for beginners?

Forex traders benefit from competitive spreads and low-cost execution, especially with the Advantage Account. Traders can enjoy tight spreads starting at 0.0 pips, with a commission of $3.50 per round lot. The Advantage Plus Account offers spread-only pricing, with spreads starting at 1.9 pips for major currency pairs. FXTM offers a competitive pricing structure tailored to a variety of trading strategies, from algorithmic trading to high-frequency and scalping strategies. The broker’s fee transparency and advanced execution technology make it a popular choice for traders who value low-cost trading and efficient order execution.

These spread vary depending on your account type choice, but start from around 1.3 pips on standard accounts. Yes, FXTM provides demo accounts, allowing traders to practice and familiarize themselves with trading platforms and conditions without risking real money. The app is designed to cater to both beginner and advanced traders, providing a smooth and efficient mobile trading experience. Whether you’re on the move or at home, the FXTM Trader App ensures that you can manage your trades and make timely decisions with ease.

Hi Amos, FXTM does not currently offer a bonus program with your deposit when founding your account. FXTM have multiple business entities, regulated by multiple financial authorities. FXTM has a trust score of 60, based on its regulation, reputation, and reviews.