It is important to note that to access crypto financial instruments, you will need to sign up for an FXTM subsidiary outside of the UK. The UK’s financial authority, the FCA, recently changed regulation banning retail traders from trading cryptocurrencies. The broker holds a mid-tier position in terms of global popularity among forex brokers. It receives approximately 49,500 Google searches per month, ranking it as the 31st most popular forex broker based on 2024 search data. This aligns closely with Similarweb traffic figures from February 2024, which place FXTM as the 31st most visited broker, with 473,000 global website visits. Cent Account The Cent Account is designed to give new traders a taste of the psychology required to succeed.
Acuity Content
The broker offer an extensive range of tradable assets, which includes metal, stock trading, CFD stocks, indices, FX indices & currency pairs, commodities, stock baskets, and contract specifications. It also offers improved functionalities for algorithmic trading capabilities. FXTM has achieved an average rating of 2.15 out of 5 on Forex Peace Army (FPA). We’ve observed numerous brokers on FPA, and most brokers tend to have lower ratings. There is a complaint that FPA does not approve all positive reviews and only approves negative ones for the sake of their business.
The broker also provides the MT5 trading platform, a more advanced option developed by MetaQuotes. Being a multi-asset trading platform, MT5 provides users with access to more instruments and asset classes, including stocks and futures. Other benefits of MT4 include its powerful security system and multi-device functionality, which enable you to trade with complete confidence and at your convenience.
Account Types and Benefits
FXTM is a legitimate, safe, and secure broker, as it is highly regulated, holding licenses in several jurisdictions, including the tier 1 financial center of London. Its UK license may entitle account holders to state compensation in the event of broker bankruptcy of up to £85,000. Response times for live chat and phone are noted for their quick response times, with clients often receiving help within minutes, which is ideal for time-sensitive issues.
Methodology updates are made so that new broker features and products are taken into consideration. Review updates ensure that all the information we provide is current and correct. You will find major names, such as Apple and Google, as well as others not always offered by competitors, such as Bed, Bath & Beyond.
FXTM trading platforms
The FXTM broker was founded in 2011 by Andrey Dashin, who also created the Alpari Group. FXTM has since become one of the world’s leading brokers, offering its clients an extensive range of tradable assets and a variety of trading platforms. The broker provides traders with the intuitive MetaTrader 4 trading platform, which was developed by MetaQuotes Software. Trading on MT4 via FXTM provides access to a range of markets and hundreds of different financial instruments, including foreign exchange, commodities, cryptocurrencies, and indices. It is completely free to download and provides you with everything you need to analyze the markets and manage your trades.
Mobile Offering
Keep in mind that FXTM does not have a maximum deposit amount, but individual payment methods may have their own. Our review of the FXTM forex broker found multiple reasons to trust this broker, including the fact that it is licensed and regulated by CySEC, FSCA, and the UK’s FCA. As these are some of the most stringent regulators in the market, you can rest assured that FXTM is economically stable and responsible. FXTM also offers compensation via the Financial Commission’s Compensation Fund, and you’ll benefit from free negative balance protection no matter which account type you choose. It offers a low FXTM minimum deposit, tight spreads, and access to FXTM MT4.
One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. FXTM offers traders a commission-free and commission-based Forex account. The former ranks among the more expensive ones, but the latter account is one of the best ones available.
The agency also regulates the activities of investment firms, brokerages, and fund management companies. 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. BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you.
I find it well-structured and an excellent starting point for new traders. I also recommend first-time traders seek third-party education covering trading psychology while avoiding paid-for courses. Besides offering tight spreads for competitive commissions, FXTM also keeps swap rates on leveraged overnight positions low.
- On the flip side, I found its spreads steeper than the industry average, and its educational content doesn’t dig deep enough into advanced topics.
- FXTM provides a flexible leverage system, allowing traders to tailor their exposure while controlling risk through dynamic margin adjustments.
- Local currency deposits are also facilitated for various countries, depending on the payment methods available locally.
- FXTM established itself among the most trusted Forex brokers industry-wide.
- On the other hand, the broker does not impose a handling fee on deposits and withdrawals and has a generally low inactivity fee.
The swap-free account is designed for clients of the Muslim faith who cannot receive or pay swaps due to their religious beliefs. While this account type does not incur any swaps or interest charges on overnight positions, the account holder may be charged an administration fee on trading positions. This broker review focuses on the most important aspects of FXTM that you may want to consider before deciding whether to trade with it or not. The broker’s aggregated Trustpilot score of 3.5/5 is also a factor to take into account whenever evaluating FXTM’s services.
The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility. fxtm broker reviews However, I consider it cumbersome and not the best choice for analyzing price action. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.
FXTM is a well-established broker, founded in 2012, with a strong regulatory framework. Client protection is robust, with segregated funds and negative balance protection. FXTM operates as a Straight-through-Processing (STP) broker without a dealing desk. Client orders are routed to the broker’s pool of liquidity providers, where they are filled at the best possible price. The app is also integrated with robust market research and actionable trading signals.
- One of the most ignored trading costs is swap rates on leveraged overnight positions.
- FXTM is a regulated and licensed broker that is authorized in multiple jurisdictions.
- For Advantage Plus and Advantage Stocks accounts, FXTM provides commission-free trading with spreads starting around 1.5 pips on Forex trading, and from 6 cents on Stock Trading account.
- The economic calendar informs traders of upcoming economic and financial releases, which could stir price action and result in viable trading opportunities.
- Client funds are also segregated from FXTM’s operational funds to ensure their safety and to uphold FXTM’s adherence to regulatory bodies.
For traders who employ automated trading strategies, especially on MT4, FXTM offers a Virtual Private Server (VPS) service for continuous, high-speed connections. TradingView is increasingly popular among traders for its extensive charting capabilities and a wide range of technical indicators, allowing users to perform in-depth market analysis. We built the website to assist forex traders in finding the right forex brokers to trade with ease. After carefully examining the reviews, we found that most of them are genuine, provided by real users sharing their real-life trading experiences.
As of 2025, the broker provides traders with attractive spreads, fast execution, and flexible leverage across its various account types. FXTM stands out by providing fast trade execution, tight spreads, and access to powerful platforms. When comparing FXTM with competitor brokers, key features should be considered such as fees, platforms, asset variety, regulatory coverage, etc. Each broker has distinct strengths, and understanding these differences helps traders choose the most suitable option for their specific needs.
When setting up your CFD trading account, you will be able to choose from three base currency options being the EUR, USD or GBP. FXTM’s MT4 platform also allows traders to access the multi-terminal feature that is unavailable on MT5. The sheer popularity of the MT4 platform has meant that FXTM will never close MT4 accounts and force clients to change to MT5.