Yes, our review of FXTM found that the broker is regulated by several reputable global authorities. The EU arm of the broker is licensed by CySEC, South African traders are protected by the FSCA, and UK clients benefit from FCA regulation. If you are trading with FXTM from elsewhere in the world, you are secured by the FSC of Mauritius.

No, FXTM is not a scam as it is well-regulated and has been in business since 2011. This puts it on par with other top-rated forex brokers and shows that it is not a fly-by-night operator. FXTM has invested in ensuring its clients always feel comfortable and secure.

Popular in Malta

96.5

Points

Overall

Points

Commissions & Fees

Points

Licensing & Safety

Points

Platforms & Tools

Each broker we review is judged on the same 10 key areas. We include different instruments and holding positions overnight. We check not only the licenses the broker claims to have for different countries, but whether these licenses are up to date too. We look for specific features such as customizability and trading signals.

250+Number of instruments

Open Account

1,800,000 Traders

Regulated by

FCA

CySec

FSCA

FSC

Overview
Fees and commissions
Safety
Opening an account
Account types
Trading Platforms
Markets and products
Research tools
Education and training
Customer support
Our verdict

FXTM review

Q: What is the minimum deposit at FXTM?

The minimum deposit is $10 for Cent accounts, $100 for Standard or Shares Accounts, $200 for ECN Zero Accounts, $500 for ECN Accounts, and $25,000 for FXTM Pro Accounts. You can also open a demo account free of charge to practice your trading strategies.

Q: FXTM charge commission?

At FXTM, only ECN account holders are charged commissions. The commission fee is $2 per lot, which is notably lower than other brokers. Moreover, ECN account holders also benefit from very competitive spreads.

Q: What FXTM account types are there?

FXTM offers Cent, Standard, and Shares accounts, as well as the following ECN account types: ECN, ECN Zero, and FXTM Pro. Clients can also open swap-free Islamic versions of all account types and the broker also provides a free demo account.

4 January 2021 - Kate Leaman

Our review of FXTM confirms that this is a highly reputable broker with a strong background and a wide variety of trading opportunities. FXTM entered the industry in 2011 and has since gained licenses from four top-tier authorities. The broker stands out with an average client approval time of less than 12 minutes, 84% of funds processed within five minutes, and a high customer approval rating. FXTM has also earned numerous awards over the years, named Best Investment Broker from FX Daily Info to Best Trading Experience from the World Finance Awards, both in 2019.

Trade more than 250 instruments, including forex and stocks
Benefit from an intuitive copy trading platform
Licensed and regulated by the CySEC, FSCA, FCA, and FSC
Best broker for its selection of trading tools
Does not accept clients from 8 countries

FXTM overall scores

In this review, you can find all the information you need to decide whether FXTM is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how FXTM scored in each of our high-priority categories.

Commissions & Fees

94 Points

Payments

99 Points

Licensing & Safety

92 Points

Customer Service

97 Points

Trading Platforms & Tools

88 Points

Education

91 Points