FXTM Review

Why choose FXTM

Comprehensive educational materials and market analysis.

Pros

  • Low minimum deposit.
  • Diverse account types.
  • Strong educational support.

Cons

  • Inactivity fee after six months of dormancy; limited product portfolio beyond forex and CFDs.
FXTM

FXTM

Fee Level:

Low

Inactivity Fee:

Low

Index CFD Fee:

Low

Investor Protection:

Up to €20,000 under the Investor Compensation Fund (ICF).

Mobile Platform:

Intuitive app with in-depth market analysis

Visit FXTM

Provides a cost-effective trading environment with minimal fees.

Pros

  • Low minimum deposit requirements.
  • Competitive forex spreads starting from 1.3 pips.

Cons

  • Inactivity fee applies after six months of inactivity.

Utilizes negative balance protection and segregated client funds to ensure client asset safety.

Pros

  • Strong security measures, including SSL encryption and segregated client funds.

Cons

  • Limited investor protection for clients outside the EU.

Offers bank transfers, cards, Skrill, Neteller, crypto payments, and local transfers. Deposits instant; withdrawals 24–48 hours.

Pros

  • Multiple local transfer options, no deposit fees, quick withdrawals.

Cons

  • Multiple local transfer options, no deposit fees, quick withdrawals.

FXTM offers a fully digital application process, with approval within 1 day after ID verification.

Pros

  • Low $10 minimum deposit with a demo account option.

Cons

  • Low $10 minimum deposit with a demo account option.

FXTM offers a user-friendly mobile app compatible with both iOS and Android devices. The app provides real-time quotes, interactive charts, and a range of order types, facilitating efficient trading on the go.

Pros

  • Intuitive interface, Real-time updates, Comprehensive charting tools.

Cons

  • Limited advanced features compared to desktop version, Occasional lag during peak hours.

FXTM's desktop platform is powered by MetaTrader 4 and 5, offering advanced charting tools, automated trading capabilities, and a customizable interface to suit various trading styles.

Pros

  • Advanced analytical tools, Support for automated trading, Highly customizable.

Cons

  • Steeper learning curve for beginners, Requires installation and regular updates.

FXTM provides a diverse range of trading instruments, including forex pairs, commodities, indices, shares, and cryptocurrencies, catering to a wide spectrum of traders' interests.

Is FXTM a regulated broker?

Yes, FXTM is a registered brand name of Exinity Limited, which is regulated by the Financial Services Commission of Mauritius with license number C113012295. Additionally, Exinity Capital East Africa Limited, operating under the FXTM brand, is regulated by the Capital Markets Authority of Kenya under license number 135.

What trading platforms does FXTM offer?

FXTM provides access to both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, available for desktop, web, and mobile devices. These platforms support advanced charting tools, automated trading through Expert Advisors (EAs), and a variety of technical indicators.

What leverage does FXTM provide?

FXTM offers flexible leverage options depending on the trading instrument and account type. Leverage can go up to 1:2000 for certain accounts and instruments, allowing traders to maximize their market exposure. However, it's important to use leverage cautiously, as it can amplify both profits and losses.