FXTM

Written by How we review

FXTM forex broker provides access to forex and CFD instruments on popular platforms, along with education and market research for different experience levels. It operates with a compliance-focused approach and supports clients across multiple regions.
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Key facts

8.5/10
Our rating
#35
Trust rank
2011
Founded
4
Licences
222
Countries accepted
HeadquartersCyprus
Broker typeECN, STP
RegulationFCA; CySEC; FSCA; FSC Mauritius
PlatformsMT4, MT5
InstrumentsCommodities, Forex, Indices, Metals
Fee levelMedium

Updated

Pros

  • • Multi-jurisdictional regulation & segregated funds
  • • Raw-spread pricing & low commissions
  • • MT4/MT5 support & algorithmic trading
  • • Copy trading via FXTM Invest
  • • Swap-free Islamic accounts

    • Cons

  • • Offshore entities with weaker investor protection
  • • Higher spreads on Standard accounts and commissions on ECN
  • • Withdrawal and inactivity fees
  • • Limited product range (mostly forex/CFDs)
  • • No proprietary platform (MetaTrader-only)

    • Key Features

  • • Multi-jurisdiction regulation CySEC FSC Mauritius FSCA
  • • MetaTrader 4 and MetaTrader 5 support with EAs VPS and mobile trading
  • • FXTM Invest copy trading platform
  • • Forex and CFD trading on currencies indices commodities metals and stocks
  • • Advantage Micro and Advantage Plus accounts with low spreads and commissions
  • • Flexible leverage options with negative balance protection and segregated funds

    • Similar Brokers

    Where This Broker Ranks

    How we review: We rate brokers on regulation, safety of client funds, trading costs, platforms and tools, execution, and reputation, using independent research and hands-on platform testing where possible. Partners cannot buy higher scores. This content is informational only, not investment advice.

    See our Methodology and Risk Disclosure for full details.

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    We will review issues related to the information shown on BrokerCatalogue (fees, features, data, wording). For account, deposit, or withdrawal problems, please contact the broker directly. We cannot access your funds or fix platform-side issues.

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    Frequently Asked Questions

    FXTM operates through licensed entities in different regions. Your onboarding entity depends on your location. Client money is typically held in segregated accounts, separate from the firm's own funds. The broker applies security controls and account verification to help reduce operational risk. Coverage schemes and specific safeguards can differ by jurisdiction and account category, so you should review the terms for your entity. Contact support if you need confirmation before funding. This is general information from BrokerCatalogue, not advice.

    With FXTM you can open a demo or live account and trade contracts for difference on major asset classes, including forex pairs, precious metals, indices, commodities, and shares, subject to your region. Pricing models may be spread‐only or include a commission, depending on the account setup. Instrument lists, contract specs, and margin requirements differ by entity and market conditions. Always check the product schedule in your client area before placing orders. This is general information from BrokerCatalogue, not advice.

    FXTM provides desktop, web, and mobile trading platforms with advanced charting, multiple order types, and risk controls like stop and limit orders. You can use technical indicators and set alerts. The platforms support manual and automated strategies where allowed, plus educational content and market updates to help you learn the basics. Tool availability and features can vary by account and region, so confirm in your platform and client agreement. This is general information from BrokerCatalogue, not advice.

    When you trade with FXTM you may incur spreads, commissions on certain account types, and overnight financing on positions held into the next session. You could also face currency conversion charges, inactivity fees, and transfer fees from payment providers. Actual costs depend on your account setup, the instruments you trade, market conditions, and your chosen funding method. Review the fee schedule and contract specifications before you start. This is general information from BrokerCatalogue, not advice.

    FXTM supports bank transfers, payment cards, and selected e‐wallets. Processing times, limits, and costs vary by method and region. The account name generally must match your trading account, and third‐party payments are not accepted. You may need to complete identity and source‐of‐funds checks before withdrawals. Your bank or payment provider might charge additional fees. Check your client area for supported methods and status updates. This is general information from BrokerCatalogue, not advice.

    FXTM offers negative balance protection in certain regions and account categories, as set out in the client agreement for each entity. Where it applies, your account should not remain in deficit after stop‐out, but it may not cover every scenario. Margin calls and fast markets can still lead to losses. Availability and conditions depend on your location and account type, so confirm the exact policy before trading. This is general information from BrokerCatalogue, not advice.

    It depends on the account. On 25 September 2026 the FXTM site listed the Micro account from $30, or 110 AED, the Rewards Plus account from $100, the Rewards account from $200, and the Advantage account from $500. Advantage Stocks starts at $200.

    Yes. FXTM offers a free demo on MetaTrader 4 and MetaTrader 5 and in the FXTM Trader app. The Micro account runs on MT4 only, and the other accounts on both platforms.

    FXTM's own terms exclude residents of India, the United Kingdom, the United States, Canada and several other countries, and the Reserve Bank of India lists FXTM on its Alert List of unauthorised forex firms.

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