FXTM Logo

FXTM commission and other fees

Your expert
Krisztián G.
Fact checked by
Tamás D.
Updated
2w ago
Personally tested
Data-driven
Independent

Overview of FXTM fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

  • Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
  • Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
  • Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
  • Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

As FXTM focuses on CFD and forex trading, the most important cost elements are spreads and financing rates (overnight fees), commissions less so.

Disclaimer: 88.66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Now, let's dive into the details and see what commissions, spreads, and financing rates FXTM charges.

Visit broker
88.66% of retail CFD accounts lose money

Overall score
4.1/5
Minimum deposit
$200
FX fee
Low
Index CFD fee
Low
Withdrawal fee
$3
Account opening
1 day
Visit FXTM

88.66% of retail CFD accounts lose money

FXTM commission and other trading fees

The good news is that FXTM has low trading fees in general. We ranked the fees of FXTM as low, average, or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether FXTM commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of FXTM trading fees
XM
Forex
Low Low Low
CFD
High Low Low
Financing rate
Low Low Low

Now let's go over the trading fees for each asset class one by one.

FXTM forex commissions and spreads

FXTM forex fees are low. FXTM forex commissions and spreads for individual currency pairs are charged as per the table below.

FXTM forex commissions and spreads
EURUSD fee description
MT4 Advantage account: there is a commission which is based on your account balance and monthly trading volume. There is also a spread cost, 0.2 pips is the average spread cost during peak trading hours.
GBPUSD fee description
MT4 Advantage account: there is a commission which is based on your account balance and monthly trading volume. There is also a spread cost, 1.2 pips is the average spread cost during peak trading hours.

Check out how FXTM forex fees compare to its two closest competitors.

FXTM forex fees vs competitors
XM
EURUSD benchmark fee
$11.8 $11.2 $9.6
GBPUSD benchmark fee
$6.3 $7.9 $5.2
AUDUSD benchmark fee
$11.0 $12.6 $9.2
EURCHF benchmark fee
$0.0 $2.3 $0.0
EURGBP benchmark fee
$13.8 $12.2 $9.7

Forex fees are calculated for a $20,000 trade using 30:1 leverage

FXTM CFD commissions and spreads

FXTM CFD fees are high. FXTM CFD commissions and spreads for different assets are charged as per the table below.

FXTM CFD commissions and spreads
S&P 500 CFD fee
Spread cost plus $1 commission per lot
Europe 50 CFD fee
Spread cost plus $1 commission per lot
Apple CFD
$0.02 per lot, minimum fee $0.01
Vodafone CFD
Not available

Below you can see how FXTM CFD fees compare with those of XM and Tickmill.

FXTM CFD fees vs competitors
XM
S&P 500 index CFD fee
$3.2 $3.3 $2.9
Euro Stoxx 50 index CFD fee
$3.5 $3.2 $2.8
Apple CFD
$16.0
$1.9
-
Vodafone CFD
-
$6.9
-

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

FXTM financing rates

FXTM financing rates are low. They make up a significant part of your trading costs if you hold your position for a long time.

Check out how FXTM financing rates compare with those of XM and Tickmill.

FXTM financing rates vs competitors
XM
EURUSD financing rate
2.6%
2.5%
2.1%
GBPUSD financing rate
0.8%
1.4%
0.9%
S&P 500 CFD financing rate
7.0%
8.0%
7.1%
Euro Stoxx 50 CFD financing rate
5.2%
6.7%
5.7%
Apple CFD financing rate
0.0%
8.3%
7.4%
Vodafone CFD financing rate
-
8.2%
-

FXTM non-trading fees

In addition to trading fees, it's important to see if FXTM charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by FXTM with its two closest competitors.

FXTM non-trading fees vs competitors
XM
Deposit fee
$0
$0
$0
Withdrawal fee
$3
$0
$0
Account fee
No
No
No
Inactivity fee
Yes
Yes
No

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by FXTM and its closest competitors. To learn more about FXTM, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

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.

author
Krisztián Gátonyi
Author of this article
I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.
Media mentions
Visit FXTM 88.66% of retail CFD accounts lose money
×
I'd like to trade with...