Overview of FXTM fees and charges

It's safe to say that FXTM's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use FXTM even in case you trade frequently like multiple times a week or daily.

Here's a high level overview of FXTM's fees

FXTM Fees snapshot
Assets Fee level Fee terms
US stock fee - Commission free real stock available outside EU and UK (Mauritius regulation)
EURUSD fee Low ECN account pricing: only opening a position is charged and the commission is based on your account balance and monthly trading volume. There is also a spread cost; 0.5 pips is the average spread cost during peak trading hours.
US tech fund fee - Not available
Inactivity fee Low $5 per month after 6 months of inactivity

Disclaimer: 80% 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.

FXTM fees
FXTM fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that online brokerages' businesses can be much better scaled: From a purely technical standpoint it doesn't make that much of a difference for them if they have 100 or 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare FXTM fees with its closest competitors, FP Markets and Markets.com.

FXTM fees
FXTM trading fees

FXTM's trading fees are mid-tier which means you need to pay special attention to asset classes with high trading fees.

Let's break down the trading fees into the different asset classes available at FXTM.

Trading fees

FXTM's trading fees are low.

It is super hard to compare trading fees for CFD brokers. What we did at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of an example trade for three assets.

For the assets we chose cleverly and arbitrarily:

  • Apple, a large US stock
  • Vodafone, a large European stock
  • EURUSD, a popular currency pair

The example in this context would mean buying a position, holding for one week, and selling it. For the volume we chose a $2,000 position for the stocks and $20,000 for the EURUSD.

This super catch-all benchmark includes spreads, commissions and financing costs for all brokers.

Here is the verdict.

FXTM fees benchmarked
FXTM FP Markets Markets.com
Apple benchmark fee $29.5 $32.2 $12.2
Vodafone benchmark fee - $30.6 $40.3
EURUSD benchmark fee $8.3 $5.9 $16.2

Financing rates

FXTM financing rates are low.

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

FXTM yearly financing rates
FXTM FP Markets Markets.com
Apple CFD financing rate 3.9% 5.0% 7.5%
Vodafone CFD financing rate - 5.0% 10.2%
EURUSD financing rate 1.6% 1.2% 4.1%
EURGBP financing rate 1.6% 1.2% 3.9%

Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.

Currency conversion fee

FXTM will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: Exchange rate received from liquidity providers plus a mark-up. We used the EURUSD trading fees for the calculation..

FXTM fees
FXTM non-trading fees

When it comes to looking at all the non-trading fees FXTM is an expensive broker. This means that they tend to charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

Non-trading fees include various brokerage fees and charges at FXTM that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how FXTM stacks up in non-trading fees
FXTM FP Markets Markets.com
Withdrawal fee $3 $0 $0
Deposit fee $0 $0 $0
Inactivity fee Yes No Yes
Account fee No No No

FXTM fees
FXTM deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and FXTM is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods FXTM offers.

FXTM deposit methods
FXTM FP Markets Markets.com
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Deposit fee $0 $0 $0

FXTM fees
FXTM withdrawal fee

Unfortunately, quite like the majority of the online brokers we have reviewed FXTM does charge a withdrawal fee of $3 for the bank transfer. This means that you need to pay this amount of money when you transfer your money back to your bank account. It's up to you to decide whether this is a high amount or not as it's dependent mostly on the size of the transferred amount.

FXTM withdrawal fees and options compared
FXTM FP Markets Markets.com
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee with bank transfer $3 $0 $0

FXTM fees
FXTM inactivity fee

FXTM does apply an inactivity fee and it is $5 per month after 6 months of inactivity. This means that you need to be strategic about your trading activity to avoid getting charged after a longer time of no trade. The fact that FXTM charges an inactivity fee makes it less ideal for you if you are a buy and hold investor.

FXTM has low inactivity fee.

FXTM FP Markets Markets.com
Inactivity fee Yes No Yes
Inactivity fee $5 per month after 6 months of inactivity No inactivity fee $10 per month after 3 months of inactivity

Read more about FXTM inactivity fee on their own site.

Author of this article

Bence András Rózsa

Author of this article

Bence András Rózsa 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 András Rózsa 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

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