FXTM Review 2025

Regulations: CySEC (Cyprus), FCA (UK), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)

Instruments: 60 Forex pairs, 8 Commodities, 21 Index CFDs, 802 Equity CFDs, 639 US-listed stocks

Choosing the right account type at FXTM hinges on a trader’s experience level, capital availability, and preferred trading style. While the Cent Account appeals to beginners eager to transition from the demo account to live trading, the Standard Account suits those who want a balance of moderate spreads and zero commission. In contrast, professional traders who rely on ultra-tight spreads and direct market access may find the ECN or Pro Account indispensable for maximizing precision and liquidity. Moreover, FXTM provides dedicated support and resources to help new clients determine which account structure is best aligned with their trading goals, risk tolerance, and long-term strategies.

Standard Account

The Standard Account is designed for traders seeking a straightforward trading environment with competitive spreads and no commissions on Forex and certain CFDs. The minimum deposit requirement can be relatively accessible, allowing a broad range of traders to start with this account. Standard account holders enjoy fast trade execution and a user-friendly platform experience.

Cent Account

The Cent Account is often the ideal choice for beginners or those who want to practice trading with minimal financial risk. In this account type, balances are displayed in cents rather than dollars, enabling traders to test strategies and platforms without committing large sums of capital. While the spreads can be slightly wider compared to higher-tier accounts, the cent-based format provides a lower barrier to entry and a chance to gain real-market experience.

ECN Account

The ECN Account targets more advanced traders by offering some of the tightest spreads in the market, starting as low as 0.1 pips for major currency pairs. In return, a commission is typically charged on trades. This transparent pricing model is attractive for scalpers, high-frequency traders, and those who require precise market execution. Additionally, the ECN infrastructure can offer greater liquidity and better fill rates, especially during volatile market conditions.

FXTM Pro Account

The FXTM Pro Account is built for professional traders, high-net-worth individuals, and institutional clients who demand raw spreads starting at 0.0 pips. The Pro account provides the tightest possible spreads and lightning-fast order execution. Although the minimum deposit requirement is generally higher than other account types, clients gain access to a top-tier liquidity pool, which can be invaluable for large-volume trades.

FXTM Leverage

Leverage at FXTM can range up to 1:2000, depending on the account type and the jurisdiction in which the trader is registered. Such high leverage offers the potential for significant gains on relatively small capital outlay but also carries heightened risk. Traders should carefully evaluate their risk tolerance and employ solid risk management strategies, such as stop-loss orders and position sizing, when using high levels of leverage.

In many jurisdictions, FXTM’s flexible deposit and withdrawals structure is designed to accommodate local banking systems, which can expedite transaction times and reduce transfer fees. This localized approach often includes supporting regional e-wallets and partnering with payment processors that have strong footprints in specific markets. Moreover, the broker continually evaluates new payment technologies, integrating emerging digital wallet solutions and other fintech innovations into its platform where possible. This adaptability ensures that as financial technology evolves, traders can benefit from faster, cheaper, and more convenient ways to fund their trading accounts and withdraw profits.

FXTM Deposit Options and Fees

FXTM supports a variety of deposit methods to cater to traders from different regions and with different preferences. These methods typically include bank wire transfers, credit and debit cards, electronic wallets (e-wallets) like Skrill and Neteller, and local payment solutions in certain jurisdictions. The minimum deposit amount may vary depending on the account type; for example, a cent account might only require as little as 10 USD, while a higher-tier account could have a greater minimum deposit requirement.

As for fees, FXTM strives to maintain a zero-deposit-fee policy for most payment methods. However, certain banking institutions or payment processors might charge their own transfer fees or currency conversion fees, which fall outside FXTM’s control. To avoid unexpected costs, traders should confirm with their payment provider and review FXTM’s deposit instructions carefully.

FXTM Withdrawals Options and Fees

Withdrawals at FXTM can be made through the same channels used for deposits, including bank wires, credit/debit cards, and various e-wallets. Processing times can vary depending on the chosen method. E-wallets are usually the fastest, often taking just a few hours for the funds to reflect, whereas bank wires and card withdrawals could take several business days.

Some withdrawals methods may carry a small processing fee. For instance, bank wire transfers might incur fixed charges based on the receiving bank’s policies. FXTM provides detailed information on applicable withdrawal fees and expected processing times for each method, enabling traders to plan their transactions and minimize potential delays.

One aspect often praised by FXTM clients is the broker’s transparent approach to fee schedules. By making all spreads, commissions, and non-trading fees easily accessible, FXTM empowers traders to accurately calculate potential costs before executing their strategies. For high-frequency traders or scalpers, even minor discrepancies in spreads or commission structures can significantly impact overall profitability; hence the clarity offered is especially beneficial. Furthermore, FXTM occasionally launches temporary promotions or fee discounts, which can lower trading costs for specific instruments or account types. Prospective clients should stay abreast of such offers to make the most of FXTM’s competitive pricing environment.

FXTM Trading Fees

Trading fees at FXTM can vary depending on the specific account type and the instrument being traded. Generally, the broker charges spreads, commissions, or a combination of both. For standard and cent accounts, FXTM primarily derives revenue from spreads, meaning that traders pay no additional direct commission per lot. On the other hand, ECN-type accounts often come with tighter spreads but may include a small commission per trade. These varying fee structures allow traders to select an account type that aligns with their strategy, whether they prefer lower spreads, smaller initial capital requirements, or more predictable cost structures.

FXTM’s approach to trading fees focuses on striking a balance between competitiveness and transparency. The broker clearly outlines any charges on its official website, including swap fees for positions held overnight. This level of disclosure helps traders better predict their cost of trading and aids in more accurate risk management.

FXTM Spreads

Spreads at FXTM are generally competitive within the brokerage landscape, especially for major currency pairs such as EUR/USD, GBP/USD, and USD/JPY. The actual spread a trader receives depends on their account type and prevailing market conditions. Here are some indicative spreads (these may fluctuate due to market volatility and liquidity):

• Standard Account: From 1.3 pips for major currency pairs
• ECN Account: From 0.1 pips, with a commission per lot
• FXTM Pro Account: Raw spreads starting at 0.0 pips, typically suited for high-volume traders

Traders who prioritize minimal spreads may opt for the ECN or Pro account options, while those looking to avoid direct commissions might prefer a standard-style account. In any case, FXTM’s spreads remain transparent and are clearly displayed on the trading platforms.

FXTM Non-Trading Fees

Non-trading fees refer to costs that are not directly tied to opening or closing trades. Common examples include deposit and withdrawals charges, inactivity fees, or account maintenance fees. FXTM generally does not impose any account maintenance fee. However, an inactivity fee may apply if no trading activity or open positions occur for a specified period, usually six months or more.

Traders should also be aware of potential currency conversion fees if their deposit or withdrawals currency differs from their account’s base currency. Checking the broker’s detailed fee schedule and communicating with customer support can help traders better understand and plan around these additional charges.

FXTM’s promotional schemes are often tied to broader initiatives aimed at both rewarding loyal clients and attracting newcomers. In some cases, traders can combine multiple promotions, such as a welcome bonus with the cashback program, to maximize potential benefits. However, each bonus offer typically has its own set of rules, including trading volume thresholds and withdrawal limitations, so it’s important that participants plan their trades accordingly. FXTM’s customer support can provide clarity on bonus mechanics, ensuring that traders fully understand how promotional funds interact with real balances and margin requirements. This level of transparency underscores FXTM’s ongoing effort to maintain a fair and accessible promotional landscape.

Welcome Bonus

From time to time, FXTM may offer a welcome bonus to new clients as an incentive to open and fund a live trading account. These bonuses could be in the form of trading credit or a deposit match. However, each promotional offer will have its own terms and conditions, including any applicable minimum deposit requirement or withdrawal criteria. Prospective participants should carefully read these terms to ensure they fully understand the mechanics and limitations of the bonus.

Refer-a-Friend Program

FXTM’s Refer-a-Friend Program encourages current clients to invite friends or acquaintances to join the broker. In return, both the referrer and the new client may receive a cash reward or trading credit. The exact reward depends on the size of the new client’s first deposit, as well as compliance with the program’s eligibility rules. This promotion not only helps traders expand their network but also fosters a supportive community environment.

Loyalty Cashback Promotion

Under this promotion, active FXTM clients can earn cashback rewards based on the volume of their trades or by meeting specific trading targets. These cashback rewards can serve as a way to offset fees and potentially boost profits. As always, traders should review the terms closely, noting any time limits, volume requirements, or withdrawal restrictions that may apply.

Education is a key component of FXTM’s commitment to empowering traders. The broker provides a wide selection of educational resources, including:

• Online Webinars: Interactive sessions on market analysis, trading strategies, and platform navigation.
• Video Tutorials: Step-by-step lessons on MT4, MT5, risk management, technical indicators, and more.
• eBooks and Articles: Comprehensive guides that cater to various skill levels, from beginners to advanced traders.
• Local Seminars and Workshops: In certain regions, FXTM hosts in-person events to offer hands-on training.

These resources serve as valuable tools for traders seeking to improve their knowledge and skills. By staying informed about market drivers, mastering technical analysis, and understanding fundamental analysis, traders can make more informed decisions and enhance their potential for achieving consistent results.

FXTM generally accepts clients from numerous countries around the globe, including most regions in Europe, Asia, Africa, and Latin America. However, there are restrictions: residents of the United States, Canada, Japan, and certain other jurisdictions might not be eligible to open accounts due to local regulatory frameworks. To ensure compliance, new clients are required to complete a thorough Know Your Customer (KYC) process, verifying their identity and residency. Traders interested in signing up should check FXTM’s official website or contact customer support to confirm eligibility based on their country of residence.