FXTM Logo
Written by: Bence András R. Updated: Dec 2022
Expert verified
Recommended for
  • Investors and traders globally
Trusted broker
Regulated by top-tier financial authorities
Popularity
889 people chose this broker in the last 6 months
BrokerChooser Score
4.3/5

FXTM review summary

FXTM is an international CFD and forex broker, regulated by the UK FCA, CySEC of Cyprus and the Mauritian FSC. FXTM customer service gives fast and relevant answers. They can be contacted in several languages. You can use a lot of educational tools, including a demo account and live webinars. Account opening is fast and fully digital. On the negative side, FXTM has average CFD fees. It also charges an inactivity fee and in most cases, a withdrawal fee. The product portfolio is limited, as it lacks some asset classes like ETFs, bonds, mutual funds, etc. BrokerChooser gave FXTM a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account.

You can't open an account at FXTM if you live in United States. See the best alternative available in your country.

FXTM pros and cons

Pros Cons
Superb customer service Average CFD fees
Great educational tools Inactivity and withdrawal fees
Digital and fast account opening Limited product portfolio

FXTM main highlights

🗺️ Country of regulation Cyprus (and license from South Africa), UK, Mauritius
💰 Trading fees class Low
💰 Inactivity fee charged Yes
💰 Withdrawal fee amount $3
💰 Minimum deposit $50
🕖 Time to open an account 1 day
💳 Deposit with bank card Available
👛 Depositing with electronic wallet Available
💱 Number of base currencies supported 4
🎮 Demo account provided Yes
🛍️ Products offered Stock, Forex, CFD, Crypto
To read much more details about the broker's services and features, expand on the sections below.

FXTM review
Fees

3.9
FXTM's trading fees are low for forex, but average for CFDs. There is also a withdrawal fee.
Read more...

FXTM review
Account opening

5.0
FXTM account opening is fully digital, easy and fast. Your account will be ready within 1-2 business days. There are also a lot of account types you can choose from.
Read more...

FXTM review
Deposit and withdrawal

4.2
FXTM offers a great variety of deposit and withdrawal options. Almost everything is available, including credit cards, bank transfer and electronic wallets. The main disadvantage is that FXTM charges a fee for most withdrawal types.
Read more...

FXTM review
Web trading platform

2.8
The web trading platform of FXTM is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and the design is outdated.
Read more...

FXTM review
Mobile trading platform

3.8
FXTM has a great mobile trading platform, offered by MetaTrader 4. It is well-designed and user-friendly. However, it lacks a safe login.
Read more...

FXTM review
Desktop trading platform

3.4
In design and functionality, FXTM's MetaTrader 4 desktop platform is almost the same as the web trading platform. One major difference is that you can set price alerts on the desktop trading platform.
Read more...

FXTM review
Markets and products

2.7
FXTM's product selection covers forex and CFDs. Non-EU clients can also trade with real stocks. On the negative side, it lacks ETFs, mutual funds, bonds, options, and futures.
Read more...

FXTM review
Research

3.8
From news flow to technical analysis-based trading ideas, FXTM offers a lot of research tools. On the negative side, fundamental data is not available.
Read more...

FXTM review
Customer service

5.0
FXTM has great customer support. You can contact them in a lot of ways and they give fast and relevant answers. However, customer service is available only on weekdays.
Read more...

FXTM review
Education

5.0
Having a demo account is always a great way to learn. Beyond that, FXTM offers several ways to educate yourself, all packed with quality materials.
Read more...

FXTM review
Safety

FXTM is regulated by several financial authorities, including the top-tier FCA. It is a well-established brand but is not listed on any exchange, does not disclose financial information and does not have a bank parent.
Read more...

FXTM review
Bottom line

Read more...

FXTM review
FAQ

Read more...

Author of this review

Bence András Rózsa

Author of this review

Bence is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry, specializing in stock and CFD/forex brokers, crypto providers and robo-advisors.

Bence András Rózsa

Broker Analyst

Bence is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry, specializing in stock and CFD/forex brokers, crypto providers and robo-advisors.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Visit FXTM
80% of retail CFD accounts lose money

Share

Comments

×