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FXTM fees
Overview of FXTM fees and charges

When it comes to brokerage fees, FXTM is a mixed bag. To see how they may affect you, first you need to figure out your approach to trading - i.e. whether you are more of a buy-and-hold investor or if you want to trade frequently; or what type of assets and in what volumes you'll want to trade. Alternatively, use our questionnaire to help you tell whether FXTM fees are beneficial for you. Continue reading about FXTM fees and charges to see if this is the right broker for you, or if a similar broker like FP Markets or Markets.com might suit you better.

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 mutual fund fees - Not available
Inactivity fee Low $5 per month after 6 months of inactivity

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FXTM fees
FXTM fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because 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 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

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

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FXTM fees
FXTM trading fees

FXTM's trading fees are mixed, which means that some asset classes come with high trading fees - be sure to check these carefully.

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

Trading fees

FXTM's trading fees are average.

Stock fees and ETF fees

FXTM has stock trading fees.

Stock fees of a $2,000 trade
FXTM FP Markets Markets.com
US stock - - $15.0
UK stock - - $10.4
German stock - - $12.0

Forex fees

FXTM's forex fees are low.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
FXTM FP Markets Markets.com
EURUSD benchmark fee $8.2 $5.6 $10.4
EURGBP benchmark fee $9.7 $6.5 $13.0

CFD fees

FXTM has average CFD trading fees.

CFD fees and commissions on a $2,000 trade
FXTM FP Markets Markets.com
Apple CFD $17.5 $15.1 $5.8
Vodafone CFD - $13.3 $16.7
Germany - $11.9 $4.6

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FXTM fees
FXTM non-trading fees

When it comes to non-trading fees, FXTM is a rather expensive broker. This means that it tends to charge you a lot for non-trading-related activities.

Non-trading fees include various brokerage fees and charges at FXTM that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how FXTM stacks up in terms of 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

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FXTM fees
FXTM deposit fee

Usually, brokers don't charge anything for deposits, and FXTM is no different.

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

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FXTM fees
FXTM withdrawal fee

Unfortunately, FXTM does charge a withdrawal fee of $3 for bank transfers. This means that you need to pay this amount when you transfer money from your brokerage account back to your bank account. Sometimes this is a flat fee, but a percentage charge may be applied in some cases. It's up to you to decide whether you can tolerate this, keeping in mind that flat fees can hurt more if you withdraw small amounts only.

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 for bank transfer $3 $0 $0

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81% of retail CFD accounts lose money

FXTM fees
FXTM inactivity fee

FXTM does apply an inactivity fee and it is $5 per month after 6 months of inactivity. Keep this in mind to avoid getting charged after a longer idle period. The fact that FXTM charges an inactivity fee makes it less ideal for you if you are a buy-and-hold investor.

The inactivity fee charged by FXTM is low.

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

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Author of this article

Bence András Rózsa

Author of this article

Bence’s purpose is to help you to understand the logic behind financial services. In his master’s studies, he specialised in business economy and finance to be able to give you a clear picture of the brokerage world. Having reviewed multiple brokers and robo-advisor services, his goal will always be to guide you in the world of investing as it is.

Bence András Rózsa

Broker Analyst

Bence’s purpose is to help you to understand the logic behind financial services. In his master’s studies, he specialised in business economy and finance to be able to give you a clear picture of the brokerage world. Having reviewed multiple brokers and robo-advisor services, his goal will always be to guide you in the world of investing as it is.

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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