I performed my tests with an Advantage Plus account, using the MetaTrader 4 and MetaTrader 5 platforms and the FXTM Trader mobile app. FXTM offers a user-friendly proprietary mobile app and the advanced MT4 and MT5 platforms. It also surpasses expectations with its research materials, which include in-house analysis and third-party signals from Acuity. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs.
FXTM Educational Resources and Other Features
Demo accounts are also available if you wish to trial FXTM before opening a real account and depositing funds. FXTM offer a wide range of over 250+ trading instruments including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies and CFDs. There are over 60+ minor, major and exotic currency pairs, 180+ share CFDs and major Cryptocurrencies such as Bitcoin and Ethereum. Whilst there should be enough for the casual trader, those of you who are looking to diversify a lot more, may want to consider Swissquote as an alternative as they have thousands of instruments to choose from. Another way the broker has committed to improve the trading experience is by providing traders with educational webinars that are freely available to all clients and available in multiple different languages. I appreciate how they are multilingual as it shows the broker is catering to the global trading community.
Key Features:
Yes, FXTM allows all verified traders who submit a valid withdrawal request to withdraw their funds. FXTM offers 16 payment processors, ensuring many localized options for its core markets. The costs depend on the account type, asset, and trading volume, where the commission-based option features the lowest trading costs starting from $4.00 per 1 standard lot in the EUR/USD down to $0.80. Forextime offers excellent spreads in its commission-based account, making it one of the cheapest Forex brokers in the entire retail Forex industry worldwide. The FXTM Standard Account is a no-frills option for new traders who want to start trading forex without worrying about extra commissions or fees.
Being a multi-asset trading platform, MT5 provides users with access to more financial markets, including stocks and futures. FXTM offers 1000+ tradable instruments spanning CFDs and real stocks. Among CFDs, traders can access diverse markets, including forex, indices, commodities, shares, and crypto. I rate the range of instruments as better than average for the industry. FXTM provides a variety of trading platforms designed for different trader needs.
They are also very fast to open, with only a few basic personal details, a valid phone number, and email address required. Top regulation is not the only thing that the broker puts in place to ensure your safety and security as a trader. You will also have the benefit of multiple money protection measures that can make sure your funds are safe at all times. You can trade real stocks on the MT5 platform with the Advantage and Advantage Plus accounts.
FXTM claims an average execution speed of approximately 71 milliseconds, setting a high bar for traders needing quick trade execution. However, while real-world execution might occasionally be slower, it remains within an efficient range for market orders. This can vary due to factors like server latency and market conditions, but FXTM’s execution is still commendable.
- In addition, you get to enjoy zero commission on US stock trading on the MT5 trading platform.
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- The best part about FXTM is that the company rewards its users in real cash which is actually withdrawable.
- Additionally, traders receive real-time price data, allowing them to make informed decisions without concern for extra trading fees.
Should You Day Trade With FXTM?
FXTM allows clients to trade stocks from top stock exchanges in the world, such as the NASDAQ, NYSE, HKEX, and others. Stocks trading are available on the sophisticated MT5 trading platform. You can trade these stocks either through CFDs or directly (not CFDs) without the risk of leverage. For the second stock traidng options, you can open the dedicated Advantage Stocks account and trade with low spreads and zero commissions.
Customer Support
The broker’s aggregated Trustpilot score of 3.9/5 is also a factor to take into account whenever evaluating FXTM’s services. The average rating of the broker is based on 976 customer reviews, with 55% of them giving FXTM a score of 5 stars and 17% believing it deserved 1 star. Trustpilot score of FXTM is updated by our team as of June 11th, 2025. I have made deposits and withdrawn from my accounts without any issues (I live in South East Asia). Honestly, the spreads aren’t as tight as I would like and the charges can be high when withdrawing. Forex investments are essentially tax free due to ‘speculative risk’.
Stocks form a large part of the FXTM offering with more than 190 available on both the NYSE and NASDAQ exchanges. You can invest in these either as CFDs or real stocks, though the real stocks option is not available under every FXTM entity. The overnight fee is the fee fxtm broker review which you incur for holding a position overnight which is charged at the closing hour of the market. This fee is charged on the majority of assets with the broker since they are a CFDs broker.
FXTM Ratings and Reviews from Forex Peace Army:
- It offers zero spreads on major forex pairs and commission-free trading on US stocks.
- I was pleased to see that I can also contact you through social media platforms like Facebook, X, LinkedIn, and YouTube, and that every client is assigned an account manager.
- Your level of regulatory protection depends on your country of residence when you open an account.
On the other hand, FXTM’s minimum deposit is higher than some of its competitors, like Deriv and XM, making it less accessible for traders on a tight budget. Also, spread-based accounts and Stock trading are either on average or slightly higher quotes too. In the Advantage Account and ECN Account, FXTM applies a commission fee per trade, which varies based on trading volume and instrument. Commission charges typically range from $3.5 to $35 per round lot, depending on the specific account and asset being traded.
FXTM states that users’ data can be shared with government entities under its strict confidentiality according to the laws of the jurisdiction it is operating in. However, the broker states that it doesn’t share any of your information with an unauthorized party. Apart from this, it has also put in place measures to ensure that your data is highly protected and can’t be accessed by an unauthorized user.
He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch. FXTM offers traders the MT4/MT5 trading platforms and has developed its proprietary mobile app, FXTM Trader. It upgrades MT4 with six plugins plus its Pivot Points Strategy, featuring live updates and commentary from the FXTM Head of Education, and the mobile app is user-friendly and easy to use. They ensure traders have an edge versus the out-of-the-box versions most brokers offer.