FXTM fees explained

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Independent

Overview of FXTM fees and charges

When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.

If fees are your top concern, FXTM is a good choice, as it has low fees in general. Check our toplist for cheaper brokers.

I found FXTM's trading fees fairly low

Krisztián Gátonyi

Forex • Market Analysis • Algo Trading

I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how FXTM fared:

FXTM charges low FX fees and high CFD fees.
There is an inactivity fee if you don't trade for an extended period of time.
The basic withdrawal fee is $3, but some transactions may cost more.
Read our full review of FXTM for info on safety, trading platforms and funding.

FXTM fees at a glance
Assets	Fee level	Fee terms
S&P 500 CFD	Average	Spread cost plus $1 commission per lot
Europe 50 CFD	Low	Spread cost plus $1 commission per lot
EURUSD	Low	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.
Inactivity fee	Low	$5 per month after 6 months of inactivity

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88.66% of retail CFD accounts lose money

FXTM offers several account types that have different fees. We tested the ECN account, which has low spreads but charges a commission. The commission for ECN accounts is lower if you have a higher account balance and/or trade more. We calculated the commission for an account balance between $0-$2,999 and a trading volume of less than $100 million.

Low FX fees

FXTM forex fees
	FXTM FXTM	XM XM	Tickmill Tickmill
commission per lot	3.50	3.50	3.00
EURUSD spread Usual spread in pips	0.2	0.1	0.2
GBPUSD spread	1.2	0.8	0.3
AUDUSD spread	0.5	0.8	0.2
EURCHF spread	0.8	1.0	0.7
EURGBP spread Usual spread in pips	0.6	0.7	0.5

Below we dig a little deeper and check FXTM trading fee calculations in more detail.
Forex fees are different based on the account type you choose:

Standard accounts: spreads are higher, but there is no commission.
ECN accounts: a commission is charged, but the spreads are lower. The commission is charged only for opening a position and can be lower if you trade more and/or hold a higher account balance. There is a formula for calculating the commission: (Volume * Contract Size * Open Price) / 1,000,000 * Commission * 2. The commission factor in this formula varies according to the table below:

FXTM ECN commissions (in USD)
Account balance	Trading volume (in million USD)
	Less than 100	100 - 150	150 - 250	Over 250
$0 - 2,999	20	19	18	15
$3,000 - 4,999	19	18	17	14
$5,000 - 19,999	18	17	16	13
$20,000 - 49,999	17	15	13	11
$50,000 - 199,999	16	13	11	9
$200,000 - 499,999	14	12	10	8
$500,000 - 999,999	13	10	8	6
$1,000,000 - 4,999,999	12	9	6	4
Over $5,000,000	Determined on an individual basis

High CFD fees

Spread and commission for a $2,000 CFD trade
	FXTM FXTM	XM XM	Tickmill Tickmill
S&P 500 index CFD fee Includes all fees (spread, commission, financing rate) of a $2,000 20:1 position open, 1-week-hold, and close	$3.2	$3.3	$2.9
Euro Stoxx 50 index CFD fee Includes all fees (spread, commission, financing rate) of a $2,000, 20:1 position: open, hold for 1 week, and close	$3.5	$3.2	$2.8
Apple CFD fee Includes all fees (spread, commission, financing rate) of a $2,000, 20:1 position: open, hold for 1 week, and close	$32.0	$7.1	- Apple stock CFD is not available

Low inactivity fee, average withdrawal fee

FXTM inactivity, withdrawal and other fees
Broker	Inactivity fee	Withdrawal fee
FXTM		$3
XM		$0
Tickmill		$0

Real stock fees

If you are a non-EU client, you can also trade commission-free with real stocks from the NYSE and NASDAQ stock exchanges.
FXTM charges no commissions and dealing charges. You can also access real-time price data.

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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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88.66% of retail CFD accounts lose money