Forex Trading

Whether you’re a new trader looking for tutorials and webinars on the basics, or you’re an experienced trader looking for world-class market analysis. Compare top platforms, fees and features to make an informed trading choice. Indian clients will be trading under the subsidiary, Exinity Limited, regulated by the FSC Mauritius, which allows brokers to offer their clients higher leverage. Unlike top-tier regulators such as the FCA and ASIC, the FSC does not mandate that companies segregate client funds, provide negative balance protection or participate in investor schemes. Note that negative balance protection is available on a discretionary basis, and requests are evaluated case by case. FXTM traders get access to a wide range of trading products including 59 currency pairs, precious metals including gold, silver, and platinum, and energy products including Brent crude oil and Natural Gas.

Deposit & Withdrawal

If you are trading on a cent account however, the minimum trade size is 0.1 nano lots. This allows for positions to be opened for as little as $1 in cash value meaning that the $10 minimum deposit for a cent account has you well-equipped to trade. They are an ECN broker that primarily uses instant execution though this depends on your account type.

FXTM established itself among the most trusted Forex brokers industry-wide. FXTM is a legit company, operating with four regulatory licenses and acquiring a fifth. Opening an account at FXTM is fast, and the first step requires only a few seconds. Traders must submit their name, country, a valid mobile phone number, e-mail address, fxtm review and desired password.

This is way below the industry average so could lead to some savings in the long run. On the other hand, the advanced pro account does not charge a commission yet still manages to maintain a very low spread starting from 0.5 pips. Therefore, this broker can be suitable for all types of trading strategies, including scalping. RoboForex also provide zero pip spreads and charge a similar commission fee. The advantage they have is that they offer over 12,000 financial instruments. FXTM is authorised and regulated by some top-tier regulatory bodies in the UK, Cyprus and South Africa.

Trading Fees

FXTM is an award-winning broker that gives you access to trade a great range of over 250+ financial instruments. They provide you with very competitive trading conditions and powerful yet user-friendly trading platforms. The broker also has a range of educational materials and free demo accounts for beginners. If you are a fan of market analysis then you will enjoy the abundance of trading tools that can assist with your trading strategies.

All Hidden Marketing

Currently, the broker is regulated by multiple top-tier regulators including CySEC in the EU, the FCA in the UK, FSCA in South Africa, and the FSC in British Virgin Islands. This provides them an excellent mix of regulatory environments and a degree of flexibility depending on the entity you are trading under. A legal website review mentioned mixed TrustPilot reviews and noted increasing dissatisfaction among traders, particularly about delays in fund withdrawals. To improve, FXTM could consider expanding its customer service to full 24/7 coverage, making it more competitive and accessible to clients across different time zones. FXTM provides beneficial basics and intermediate resources, but adding advanced-level courses would appeal to experienced traders looking for deeper insights. However, the broker does not provide API access, which would enable you to create custom trading applications and bypass traditional platforms.

A total of 5 indices are available to be traded as CFDs with the broker. These include 3 standard indices in the form of the DAX 30, ASX 200, and UK 100. There are also 2 US mini indices for trading at a lower risk in the form of both the NASDAQ and SPX 500, both mini. FXTM is a CFDs broker, every asset listed on the platform is offered in CFDs with the exception of some real stock purchases which are also available. The broker offers more than 250 assets in total in the following areas. The benefit of having the base currency available that you deposit in or withdraw to is that you will not have to pay any currency conversion fees.

FXTM vs ThinkMarkets Compared 2025: Features, Pros, Cons, and More!

You earn $5 (or equivalent) in real cash that you can withdraw or use for future trades. There are no fees for this account type and you do not have to share your trading strategies – just your trades. You get your own dedicated page to use to match with investors and can manage multiple accounts at one time. Available asset classes include minor/major currency pairs and spot metals.

Account Types and Terms

The radar chart to the left shows how important each category is when calculating a broker’s final score. FXTM offers a limited number of base currencies compared to its competitors, and it does not offer INR accounts. FXTM provides a powerful copy trading system, which is helpful for beginner traders who lack the expertise and skills in CFD trading. FXTM supports both the Metatrader 4 and Metatrader 5 platforms in addition to its proprietary FXTM Trader App. The minimum deposit to open a Live account is $ 5 for the Cents Account.

• The advantages of using MT4 are numerous, but most centre around the community support and the number of users that the tool boasts.
• The desktop MT5 platform is an excellent choice for mostly professional traders.
• However, some traders have raised concerns over differences in protection levels among FXTM’s entities and occasional delays in withdrawals.
• The app is great if you want to keep track of your positions and see what is happening in the markets from your sofa, bed or wherever you are.

FXTM Broker Review – The Pros And Cons Of This Forex Broker

The platform includes a Depth of Market (DOM) feature, displaying real-time asset liquidity. It also offers six types of pending orders, including Buy Stop Limit and Sell Stop Limit. FXTM offers a limited selection of trading assets compared to the market average. The platform supports 250 assets in total, including 60 Forex pairs.

Most traders will satisfy this by sending a copy of their ID and one proof of residency document. I like that FXTM does not incorporate unnecessary steps or questionnaires. I highly recommend the commission-based option as trading costs remain among the best industry-wide, while the commission-based account charges relatively expensive fees.

• The MT4&5 platforms feature state-of-the-art technical analysis and charting options.
• The average time to respond is approximately 6 hours and 11 minutes.
• At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
• In addition to forex, you can trade spot gold and silver, as well as CFDs on cryptocurrencies, indices, commodities and over 300 of the largest cap U.S. stocks.
• Negative balance protection also guarantees that you cannot lose more than your account balance, even if the market unexpectedly makes a massive move.
• FXTM’s education section is an excellent resource for new traders, and much of it is available for free.

This transparent fee structure supports both new and experienced traders aiming for cost-effective access to diverse markets. In summary, FXTM offers a comprehensive trading platform with strong regulatory oversight, making it a reliable choice for those who prioritise security. Yet, the initial account setup might require patience, and traders should prepare for customer service interactions that might not be as immediate as one would hope. For traders who can navigate these initial hurdles, FXTM presents itself as a solid broker in the forex and CFD market with benefits tailored to a wide range of trading needs. FXTM provides an impressive array of trading tools and robust platforms, including the popular MT4/5 and their proprietary mobile app.

FXTM Desktop MetaTrader 5 Platform

But FXTM’s forex education breaks down the fundamental concepts in an easy to consume manner. Rated as the broker offering the best forex education opportunities for CFD trading, the learning material available to FXTM account holders is second to none. As you can see by the multiple business divisions, FXTM is a truly global forex broker. As a result, their customer support is diverse and wide-reaching to match each client’s needs depending on the region.

FXTM MT4 offers a dynamic security system, automated systems trading, and over 50 built-in technical indicators. With FXTM MT5, traders can directly access liquidity provers using the ECN/STP model and can use additional advanced order types such as “Fill or Kill” and “Immediate or Cancel”. FXTM also supports Webtrader which is a browser based version of MT4 and MT5.

The trading environment is competitive, with spreads and commissions that cater well to both beginners and experienced traders. The ECN/STP execution model promises transparency, although execution speeds might not always hit the mark set by their claims. FXTM maintains 60 currency pairs, 14 commodities, 21 index CFDs, 802 equity CFDs, and 639 US-listed stocks. The choice of commodities and index CFDs is limited, but the overall selection of trading instruments is competitive.