Question 1

Is FXTM regulated?

Accepted Answer

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.

Question 2

What is the minimum deposit at FXTM?

Accepted Answer

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.

Question 3

Is FXTM a scam?

Accepted Answer

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.

Question 4

FXTM charge commission?

Accepted Answer

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.

Question 5

What FXTM account types are there?

Accepted Answer

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.

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