Open Demo Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXTM

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12 minutes read/15 Sep 2021

FXTM (trading under ForexTime Limited) is a multi-award-winning, leading Forex and CFD broker. Regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the UK, FXTM not only provides a safe and secure place to trade but an industry-leading experience for traders of all levels. In this FXTM broker review, we’ll be taking a look at everything you need to know about this broker, including account types, regulation, trading platforms and more.

Broker Overview

FXTM Lower trading fees

Trader Rating
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Take a look CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
😁 We really liked…
  • FCA and global regulation
  • Strong education
  • Numerous account types
😕 Could improve...
  • Does not offer own trading platform
  • Disappointing number of markets
General Information
Website FXTM
Founded 2011
Minimum deposit £10
Account types 6 account types
You can trade Forex , CFDs , Stocks , Social Trading , Crypto

FXTM Review Navigation

What can you trade?

#1 Forex

Trader Rating
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Open Demo Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Min Deposit App Support Max Leverage Trading Fees
£10 Good 1:30 Low

FXTM offer 63 forex currency pairs you can trade and include all the major pairs with a solid selection of minor and emerging market pairs for more experienced traders.

fxtm forex currency pairs

The spreads for Forex are not the most competitive in the industry, with the EUR/USD spread at a minimum of 1.6 pips for the Standard account, with 1.9 pip typical. For the ECN account the minimum is a far more competitive 0.1 pips with typical 0.3 pips.

#2 CFDs

Trader Rating
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Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Min Deposit App Support Max Leverage Trading Fees
£10 Good 1:30 Low

The overall offering of CFDs is not particularly impressive for a broker of FXTM’s stature. There are only 8 commodities to choose from; Silver quoted in two currencies, Gold in three currencies, Brent and Crude Oil and Natural Gas.

On the stock index side, there are the usual global indices, but these only number 11.

For individual stocks, there 123 US and 50 European stock CFDs, which again is far from an exhaustive list.

#3 Stocks

Trader Rating
info
Open Demo Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Min Deposit App Support Max Leverage Trading Fees
£10 Good 1:5 Mid

As highlighted above there are the typical global averages, but only 11 to trade.

On the individual stock side, there are 50 European stock CFDs and 123 from the US, which again is far from a comprehensive offering.

A dedicated FXTM shares CFD account is offered where you can focus only on stock trading.

#4 Social Trading

Trader Rating
info
Open Demo Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Min Deposit App Support Max Leverage Trading Fees
£10 Good 1:30 Low

All non-UK clients can use FXTM Invest, a social trading service and this is an area where FXTM does provide a strong service. You can get involved either as an investor or as a strategy manager. From the investor side, you can start from as little as $100 and follow other successful FXTM traders on a professional and intuitively laid out system. Investors can copy Strategy Managers’ trades. You have the option to filter Strategy Managers based on various factors, including success rate, risk level and overall profit. Strategy Managers area able to earn commission on winning trades.

#5 Crypto

Trader Rating
info
Open Demo Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Min Deposit App Support Max Leverage Trading Fees
£10 Many 1:2 Mid

There are only four major cryptocurrencies available to trade with FXTM, all against the USD. These are Bitcoin, Ethereum, Ripple, and Litecoin and all are traded as CFDs.

Actual cryptocurrencies are not available to buy outright.

What did our traders think after reviewing the key criteria?

Trust and Regulation

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FXTM offers a solid state of regulatory protection, which is regulated and licensed in several jurisdictions. This includes the top-tier FCA (Financial Conduct Authority) in the United Kingdom, making it a safe broker for Forex and CFD trading.

FXTM are also regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Commission of Mauritius (FSCA), plus licensed by Financial Sector Conduct Authority (FSCA) of South Africa

As with all brokers, these regulators require FXTM to follow strict capital requirements, fully segregate traders’ accounts from company funds, adhere to strict anti-money laundering requirements and comply with ‘know your client’ procedures, as well as a host of other stringent measures designed to protect traders. Overall, FXTM is considered a trustworthy and secure broker.

Trust and regulation FXTM
Regulated in how many countries 4
Year established 2011
Publicly traded No

Offering of Tradeable Products

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The offering of tradeable products is not particularly impressive, given the strong position FXTM holds in the industry.

They offer 63 forex currency pairs, but only 8 commodities pairs, which actually number only two precious metals versus different currencies, Brent and Crude Oil plus Natural Gas.

There are the usual global stock indices, but only 11 to choose from and for individual stocks, there 173 US and European stock CFDs, which is far from an exhaustive list.

For cryptocurrencies there are only four available to trade with FXTM, Bitcoin, Ethereum, Ripple, and Litecoin CFDs.

FXTM Offering

Product offering FXTM
How many Forex Pairs offered 63
How many Stock Indices offered 11
How many Individual stocks offered 173
How many Bonds offered 0
How many Commodities offered 8
How many Crypto pairs offered 4

Fees/Commissions

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With regard to fees from FXTM, there are varying fees dependent on the type of trading account that you decide to open.

There are a number of different types of FXTM accounts to choose from, but generally speaking, these account types fall into two categories, the Standard Accounts and the ECN Accounts.

For the Standard account the spreads are wider than the industry standard, with the EUR/USD spread at a minimum of 1.6 pips, with 1.9 pips typical.

For the ECN account the minimum is a far more competitive 0.1 pips with typical 0.3 pips, but there is also a $2 per lot commission to factor in as well.

FXTM Fees

For more experienced traders, an FXTM Pro account is also available on the ECN side with a minimum deposit of $25,000 with no commission and spreads as tight as 0 pips.

Non-trading fees

FXTM has not insignificant non-trading fees. You will be charged $5 per month after six months of inactivity and most withdrawal methods also have a fee. However, the are no account or deposit fees.

Fees/ Commissions FXTM
EUR/USD average spread 1.9 pips
EUR/USD minimum spread 1.6 pips
Minimum account opening deposit £100
Withdrawal Fee Yes
Inactivity Fee Yes

Trading Platform

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When it comes to trading platforms, FXTM only offers the popular MetaTrader 4 platform. MT4 is available for PC and Mac, with desktop of web-based versions. The lack of support for MetaTrader 5 is definitely a mark against FXTM’s overall platform provision.

FXTM trading platform

Furthermore, given the stature of FXTM in the broking industry, the absence of even a white labelled, in house trading platform is somewhat disappointing.

On the platform in the My FXTM area there are some useful trading tools. These include an orders indicator, pip value calculator, pivot points strategy amongst others.

Platform feature FXTM
Own platform No
Demo account offered Yes
MT4 Yes
MT5 No
cTrader No
Chart Indicators 53
Chart drawing tools 33

Mobile Offering

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For mobile trading on-the-go FXTM do offer the FXTM Trader App; a mobile app available on both iOS and Android. From here you can trade, look at basic charts, look at you open position, pending and closed orders.

Mobile feature FXTM
Own Apple app Yes
Own Android app Yes
Third party app (MT4/MT5/other) Yes

FXTM Mobile Trading

Education

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