FXTM Rated 3/5
learn more Learn more about eToro. 67% of retail investor accounts lose money when trading CFDs with this provider.

FXTM Guide - Read our In Depth 2021 FXTM Review

This FXTM review was written by industry experts with over 20 years of financial experience in Forex trading, Cryptocurrency trading, Indices Trading, Stocks Trading, Commodities Trading, ETFs Trading, CFD Trading.
The content in this FXTM review does not apply to US users.

Benefits of Trading with FXTM

FXTM Review 2021 Quick Summary
💰 Min Deposit 10
👱‍♂️ Used By 3,000,000 FXTM users and traders
📆 Founded 2011
🌍 HQ London United Kingdom
👮‍♂️ Regulation ForexTime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911, ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614, Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius license number C113012295,
🚫 FXTM Excluded Countries FXTM is not available in the following countries : US, AL, DZ, AS, AD, AO, AI, AQ, AG, AR, AM, AW, AT, AZ, BS, BH, BD, BB, BY, BE, BZ, BJ, BM, BT, BO, BQ, BA, BW, BV, BR, IO, BN, BG, BF, BI, CV, KH, CM, CA, KY, CF, TD, CL, CX, CC, CO, KM, CD, CG, CK, CR, HR, CU, CW, CY, CZ, CI, DK, DJ, DM, DO, EC, EG, SV, GQ, ER, EE, SZ, ET, FK, FO, FJ, FI, FR, GF, PF, TF, GA, GM, GE, DE, GH, GI, GR, GL, GD, GP, GU, GT, GG, GN, GW, GY, HT, HM, VA, HN, HK, HU, IS, IN, ID, IR, IQ, IE, IM, IL, IT, JM, JP, JE, JO, KZ, KE, KI, KP, KR, KW, KG, LA, LV, LB, LS, LR, LY, LI, LT, LU, MO, MG, MW, MY, MV, ML, MT, MH, MQ, MR, MU, YT, MX, FM, MD, MC, MN, ME, MS, MA, MZ, MM, NA, NR, NP, NL, NC, NZ, NI, NE, NG, NU, NF, MP, NO, OM, PK, PW, PS, PA, PG, PY, PE, PH, PN, PL, PT, PR, QA, MK, RO, RU, RW, RE, BL, SH, KN, LC, MF, PM, VC, WS, SM, ST, SN, RS, SC, SL, SG, SX, SK, SI, SB, SO, ZA, GS, SS, ES, LK, SD, SR, SJ, SE, CH, SY, TW, TJ, TZ, TH, TL, TG, TK, TO, TT, TN, TR, TM, TC, TV, UG, UA, AE, GB, UM, UY, UZ, VU, VE, VN, VG, VI, WF, EH, YE, ZM, ZW, AX

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What is FXTM?

FXTM are a online financial trading platform and multi asset broker founded in 2011

Over 10 years later FXTM has grown to offering retail investors Forex trading, Cryptocurrency trading, Indices trading, Stocks trading, Commodities trading, ETFs trading, and CFD trading.

FXTM are not a global broker as they are not allowed to operate in some major geo regions. FXTM have a head office in London United Kingdom.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this FXTM review and assess how well the FXTM platform functions in its role as an international multiple financial asset trading platform for traders in 2021.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like FXTM can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of FXTM we breakdown the pros and cons. What FXTM are able to offer, what countries FXTM are available in. Who FXTM are regulated by and more.

FXTM Review Screenshot

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this FXTM review useful.

This review of the FXTM platform is very detailed. If you are interested in trading with FXTM in any capacity please take the time to read and research the whole FXTM review.

We have tried to explain the ins and outs of financial trading through the FXTM platform as plainly as possible so that you the trader are as informed as possible before you start to use the FXTM trading tools and depositing and withdrawing funds from FXTM.

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with FXTM like Forex trading, Cryptocurrency trading, Indices trading, Stocks trading, Commodities trading, ETFs trading, and CFD trading. you should have confidence in FXTM and know that the management of your financial investments on the FXTM platform are in good hands.

At the bottom of this FXTM review you can also learn about some pretty good alternatives to FXTM

With this FXTM review we hope to help you see if FXTM is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding FXTM that will help you get off to a good start in the world of online trading.

FXTM Review Table of Contents

FXTM review
FXTM is a Multi-Assets Trading Platform with over 350+ Assets

Learn more about FXTM. FXTM is a multi asset platform with 350+ tradable Assets. Assets available on FXTM include Forex trading, Cryptocurrency trading, Indices Trading, Stocks Trading, Commodities Trading, ETFs Trading, CFD Trading.

FXTM trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, Cryptocurrency trading, Indices Trading, Stocks Trading, Commodities Trading, ETFs Trading, CFD Trading are considered financial assets.

FXTM review
Features of FXTM

FXTM review
What you should know

FXTM offer seven ways to trade: Forex trading, Cryptocurrency trading, Indices Trading, Stocks Trading, Commodities Trading, ETFs Trading, CFD Trading.

With FXTM you will need a minimum deposit of $10. You can sign up for a demo account to acquaint yourself with FXTM platform.

FXTM are able to accommodate various levels of traders whether you are experienced or a beginner.

FXTM review
Are FXTM safe?

When choosing a broker like FXTM the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2011, and in operation for 10 years FXTM have a head office in London United Kingdom.

FXTM is regulated. This means FXTM are supervised by and is checked for conduct by the ForexTime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911, ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614, Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius license number C113012295, regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FXTM, this will be honored. If FXTM violate any regulatory rules their regulated status could be stripped.

Your capital is at risk

FXTM review
Is my money safe with FXTM?

Any payments funded to FXTM accounts by traders are held in a segregated bank account.

For added security FXTM use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should FXTM use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in FXTM deposited in a Tier 1 bank?

Having any money you deposit with FXTM means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if FXTM goes out of business for some reason.

Therefore, we can safely conclude that FXTM is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex trading, Cryptocurrency trading, Indices Trading, Stocks Trading, Commodities Trading, ETFs Trading, CFD Trading is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. FXTM also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding FXTM. let us look at the FXTM features in more detail.

Try creating two accounts when you are working with FXTM. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit FXTM

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Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How FXTM as a Company Compare Against Other Brokers

Broker fxtm eToro IC Markets XTB
Year Established 2011 2007 2007 2002
Head Office London United Kingdom Cyprus, UK Australia Poland
Regulation ForexTime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911, ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614, Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius license number C113012295, Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 3,000,000+ FXTM users 17,000,000+ eToro users 180,000+ IC Markets users 250,000+ XTB users
Negative balance protection No Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit FXTM Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 67% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXTM review
FXTM Pros and Cons

What we like about FXTM

  • Used by over 3,000,000 FXTM users and traders
  • Established in 2011
  • Regulated by ForexTime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911, ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614, Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius license number C113012295,
  • Min. deposit from $10

What we don't like about FXTM

FXTM review
FXTM Regulation and Licensing in more detail

We have checked and FXTM is regulated and supervised by reputable organisations. You are able to check every FXTM supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with FXTM. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria for license approval, this is determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect FXTM traders and provide a safe trading environment. Financial regulation and license approval is essential.

  • ForexTime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911
  • ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12
  • Financial Sector Conduct Authority (FSCA) of South Africa
  • with FSP No. 46614
  • Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius license number C113012295

FXTM is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as FXTM you should be sure they're legitimate online agent.

FXTM review
Is FXTM Global?

No, FXTM is not global, FXTM is not available globally as FXTM is not available in some major trading countries.

FXTM is restricted in some major geo regions.

FXTM review
FXTM Awards

FXTM have won numerious industry awards over the 10 years they have been operating as a financial broker. We list the most notible awards and mentions for FXTM below.

  • Best Trading Experience 2020 World Finance
  • Best ECN Broker 2020
  • Best Forex Broker in Nigera 2020
  • Best Education Provider 2020

FXTM review
FXTM Fees Explained

  • FXTM withdrawal fees varies on payment method
  • FXTM does not charge a fee for inactive accounts.
  • FXTM doesn't charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.

How FXTM Fees Compare Against Other Brokers

Broker fxtm eToro IC Markets XTB
Min Deposit 10 200 200 0
Withdrawal Fees varies Yes No varies
Inactivity Fees No Yes No No
Deposit Fees No No Varies No
CFD Commission Fees Yes No Yes Yes

FXTM review
FXTM Minimum Deposit

FXTM require a minimum desposit of 10 GBP/USD when opening an FXTM trading account.

A minimum deposit is the minimum amount of money required by FXTM to open a new online brokerage account with them.

Dont be scared off by brokers like FXTM charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

FXTM review
FXTM Withdrawal Fees

FXTM withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your recieving currency, your payment provider.

FXTM for example allow you to withdraw your funds to Bank Wire transfer, Debit cards, Visa, MasterCard, Neteller, Skrill.

FXTM review
FXTM Inactivity Fees

FXTM does not charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

FXTM review
FXTM Desposit Fees

FXTM does not charge deposit fees.

You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

FXTM review
FXTM Commission Fees

FXTM does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

FXTM review
What can you trade with FXTM?

Be aware that Different entities under FXTM Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with FXTM over 350 instruments infact.

If you are looking for Forex brokers to trade currency pairs on global Forex markets FXTM offer over 40 currency pairs.

Compare FXTM with eToro and IC Markets below.

Your capital is at risk

How FXTM Trading Options Compare Against Other Brokers

Broker fxtm eToro IC Markets XTB
Instruments Available 350 2000 232 4000
Platforms MT5, MT4, Desktop platform, Web platform, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 40 50 65 57
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) No Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 31 19 21
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 180 2042 110 1696
UK Shares No Yes No Yes
US Shares Yes Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit FXTM
Your capital is at risk
Visit eToro
67% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXTM review
Trading on FXTM web platforms and other applications

FXTM is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

FXTM is one of a handful of brokers that offer the cTrader platform developed for traders. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers.

An FXTM IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

FXTM also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See FXTM's platforms

FXTM review
Is the FXTM Trading Platform Secure?

FXTM safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. FXTM also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating FXTM.

FXTM review
FXTM Trading Platform Options

Once you have logged into your FXTM account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • cTrader

Lets explore each of these trading platforms in detail and what options FXTM gives you.

FXTM review
FXTM MetaTrader 4 (MT4)

FXTM MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with FXTM. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with FXTM in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. FXTM MetaTrader 4 is compatible with the latest macOS Mojave. FXTM allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on FXTM

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade FXTM MetaTrader 4 on IOS Devices

You can download the FXTM app or also trade with FXTM through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade FXTM MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. FXTM provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android FXTM MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade FXTM MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

FXTM MetaTrader 4 Advanced Trading Tools

The FXTM advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. FXTM offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade FXTM MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

FXTM MetaTrader 4 & MetaTrader 5 AutoChartist

FXTM Autochartist provides the world's first Market Scanner available for MT4 & MT5 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

FXTM review
FXTM MetaTrader 5 (MT5)

FXTM MetaTrader 5

MetaTrader 5 also known as MT5 is a multi asset trading platform that provides a wide range of trading features and financial research tools, MT5 also allows the use of automated trading systems (trading robots) and copy trading. New features like additional timeframes and advanced charting tools can give you a competitive advantage in the financial markets.

MetaTrader 5 was released in 2010 and is the updated version of MetaTrader 4.

MetaTrader 4 was built specifically to trade Forex and CFDs, MetaTrader 5 on the other hand facilitates trading of Forex, Futures, Stocks, Algorithmic Trading, ETFs and Indices.

You can learn more about the MT5 Platform here. You can also learn more about the differences between MT5 and MT4 here.

Trade FXTM MetaTrader 5 WebTrader

Access your FXTM MetaTrader 5 accounts from any web browser. It features a huge range of tools like additional timeframes and the most up to date technical indicators to give you all the trading resources you need to trade on and analyse the financial markets.

FXTM review
FXTM MT5 Buying and Selling

IC Markets MetaTrader 5 Buying and Selling

FXTM MetaTrader 5 on IOS Devices

FXTM MetaTrader 5 Can Operate on the and newer IOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. It's suggested that you upgrade the IOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. FXTM MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

FXTM MetaTrader 5 on Android Devices

MetaTrader 5 for Android may be used on a Android smartphone or a tablet powered by the Android 5.0 or higher operating system. Additionally, to connect to FXTM trading server. Take the time to understand all of the Android MetaTrader 5 features. With Metatrader 5 for Android you can trade a selection of financial instruments at any time, in any place.

FXTM Metatrader Mobile Application Features

MetaQuotes the developers of Metatrader have listened to the feedback of their millions of users and have built the most popular mobile trading platform in the world. MetaTrader features include :

  • Financial instrument quotes
  • View in depth price charts of financial instruments
  • Manage trades and open positions
  • View your trading history
  • View market news
  • MetaTrader internal messaging
  • View and research market statics of FXTM financial instruments
  • Position opening and closing
  • Lookup symbols in the quotes section
  • Display of deals on graphs
  • Timeframe selection for graphs and charts
  • Additional vertical scaling of graphs
  • Capability to transfer accounts to other devices using QR codes
  • Information is available only if it's supplied by FXTM
  • Access the OTP generator through FaceID or fingerprint

FXTM MetaTrader 5 Advanced Trading Tools

FXTM MetaTrader 5 has many advanced trading tools for the more advanced users. Understanding these tools can give you a competitive edge.

  • Depth of market bids and asks
  • Price Data
  • Margin Calculation, Futures, Forex
  • Advanced Techincal Analysis
  • One click trading
  • Spreads
  • Futures
  • Trading Reports

FXTM review
FXTM cTrader

FXTM cTrader

CTrader is a comprehensive trading platform solution for Forex and CFD brokerages to provide to their traders. The platform is packed with a complete variety of features to cater to each and every investment taste imaginable.

The cTrader Premium Charting and Manual Trading Platform available on FXTM

cTrader is a top multi-asset Forex and CFD trading platform. cTrader offers advanced order types, charting tools, amount II pricing, and quick entry and execution. Using a amazing looking layout and dashboard, it is linked to state of the art infrastructure, that can be accessed from many devices.

IC Markets cTrader

cTrader Copy available on FXTM

CTrader Copy empowers everyone on the platform to share their investment strategy and to share their trading strategy for a fee or commission. Other dealers can search and replicate the approaches available, and revel in a commitment-free investing. Furthermore, traders can use their own risk management configurations.

IC Markets cTrader Copy Trading

cTrader Automate available on FXTM

CTrader Automate provides traders the ability to create algorithmic trading robots to automate financial trading plans. Dealers can use cTrader's contemporary C# API to write code within the IDE, the IDE allows developers optimize and test their financial robots.

cTrader Open API available on FXTM

Build your own software using cTraders Open API. It is a free, secure and publicly available API for all. Developers can take advantage of cTraders mature infrastructure to construct desktop, mobile and online software. The open API allows developers to interact and interface with any cTrader account.

You can learn more about the cTrader Platform Here.

FXTM Trading benefits :

  • Allows scalping
  • Offers STP
  • Low min deposit

FXTM Trading Accounts Offered :

Below we give an overview on the account types that FXTM offer. Whatever you are looking to trade the varying FXTM account types will be able to provide you with what you need.

  • Demo account
  • Standard account
  • STP account
  • Islamic account

Can I try FXTM before I buy?

FXTM offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Your capital is at risk

FXTM withdrawal and funding methods.

Please note that the list of FXTM payment methods below depend on the FXTM Entity and the Clients Country of Residence.

All available FXTM payment methods available to you can be found in your FXTM members area checked on the FXTM website.

FXTM offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about FXTM

FXTM Payment Methods

  • FXTM accepts Bank Wire transfer
  • FXTM accepts Debit cards
  • FXTM accepts Visa
  • FXTM accepts MasterCard
  • FXTM accepts Neteller
  • FXTM accepts Skrill
Broker fxtm eToro IC Markets XTB
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes No Yes
Neteller Yes Yes Yes Yes

*please note available FXTM and other broker payment methods depend on the clients country of residence.

How can I start trading with FXTM?

When opening a trading account with FXTM, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FXTM trading platforms here. You will need to provide some basic documentation to prove your identity as part of FXTM onboarding and normal KYC identity checks. These checks are standard practice and help FXTM provide a safe financial environment for their 3,000,000 users.

Your capital is at risk

Performing trades with FXTM

FXTM allow you to execute a minimum of trade of varies. This may vary depending on the account you open. FXTM allow you to execute a maxium trade of varies. As FXTM offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the instruments.

FXTM Leverage and FXTM CFDs Explained

let's take a look at some of the basics of using FXTM leverage.

FXTM offer CFD which are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

FXTM leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the FXTM trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The FXTM leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

FXTM CFDs are typically used for short to medium term trades. For example FXTM intraday CFD trading. Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset. CFD trades give access to CFD fractional shares, CFD international markets and CFD short selling. More advanced traders can also use CFDs to hedge.

Always be aware that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Your capital is at risk

Education resources at FXTM

To trade effectively with FXTM, it's important to get a have a good understanding of the FXTM trading tools and the markets. Make sure you make full use of all education tools. This includes eduction tools with FXTM and externally.

FXTM offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.

Having an analytical approach may be a good way to approach trading with FXTM.

Take time to look around the FXTM platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at FXTM

As part of our FXTM review we review customer service options, response times and FXTM trading platform problem resolution effectiveness.FXTM support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

FXTM have a D grade support rating because because sometimes the response was slow or our query wasnt answered. FXTM less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at FXTM

We tested the FXTM live chat and it works well. We sent messages to FXTM livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with FXTM support in multiple languages in multiple countries. FXTM where able to resolve our customer issues.

Email Support at FXTM

We sent several emails to FXTM and answer times overall were excellent. The fastest response from FXTM was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with FXTM, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from FXTM.

Phone Support at FXTM

We called FXTM and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The FXTM phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual FXTM team by calling in varying languages. FXTM made an effort to make sure our queries were answered.

Overall the phone support from FXTM was okay.

See how FXTM Support Compares Against Other Brokers

Broker fxtm eToro IC Markets XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit FXTM Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 67% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with FXTM

As FXTM is regulated by ForexTime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911, ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614, Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius license number C113012295, , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under FXTM Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore FXTM's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with FXTM you can visit the FXTM trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.fxtm.com/ on March 04, 2021.

FXTM review
Watch this FXTM Explainer Video

FXTM review
Is FXTM A Good Broker?

We spent over 3 months examining FXTM in depth. Although we found some very useful aspects of the FXTM platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative FXTM broker.

  • FXTM have a good track record of offering Forex trading, Cryptocurrency trading, Indices Trading, Stocks Trading, Commodities Trading, ETFs Trading, CFD Trading.
  • FXTM has a history of over 10 years.
  • FXTM has a reasonable sized customer support of at least 10.
  • FXTM are regulated by ForexTime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911, ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614, Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius license number C113012295, . This means FXTM fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • FXTM have regulation from a Tier 1 reputable country.
  • FXTM has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • FXTM have an international presence in multiple countries. This includes local FXTM seminars and training.
  • FXTM are able to hire people from various locations in the world who can better communicate in your local language.

FXTM Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.

FXTM review
FXTM not quite right?

If after reading this FXTM review, FXTM does not fulfill your needs check out these FXTM Alternatives.

Click here to view the best FXTM Alternatives

We have spent years researching the best alternatives to FXTM. Click the links below to learn more.

If you feel some of the above FXTM are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of FXTM alternatives below.

FXTM review
Related FXTM Vs Comparisons

We have covered allot in this FXTM review, If you want to see how FXTM compares side by side with other brokers check out our FXTM Vs pages.

If you would like to see how FXTM stands up against other brokers you can read some of our FXTM comparisons below. We compare side by side some of our top rated FXTM versus comparisons. Read our indepth FXTM VS pages below.

FXTM review
FXTM Frequently Asked Questions

Read our detailed FXTM FAQ Section updated for 2021.

Can I try FXTM before I buy?

FXTM offer a demo account so you can try the FXTM platform with virtual trading before you put down a payment. Virtual trading with FXTM is zero risk. Learn more here

What funding methods do FXTM accept?

Please note that the list of payment methods below depend on the FXTM Entity and the Clients Country of Residence.

FXTM offer the following funding payment methods Bank Wire transfer, Debit cards, Visa, MasterCard, Neteller, Skrill, among other payment methods.
Learn more here

Your capital is at risk

Is FXTM safe?

FXTM are considered safe as they are regulated by and checked for conduct by the ForexTime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911, ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614, Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius license number C113012295, . Any payments funded to FXTM accounts by traders are held in a segregated bank account. For added security FXTM use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Your capital is at risk

Is FXTM trading good?

FXTM is considered good and reputable to trade with FXTM. FXTM is used by over 3,000,000 active traders and FXTM users. FXTM offers Forex trading, Cryptocurrency trading, Indices trading, Stocks trading, Commodities trading, ETFs trading, and CFD trading. Minimum deposit with FXTM is 10.

Is FXTM trading Legit?

FXTM was founded in London United Kingdom in 2011. FXTM has been facilitating trade on the financial markets for over 10 years. FXTM offers clients Forex trading, Cryptocurrency trading, Indices trading, Stocks trading, Commodities trading, ETFs trading, and CFD trading. All funds deposited to FXTM are held in segregated tier 1 bank accounts for security. FXTM is regulated by ForexTime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911, ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614, Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius license number C113012295, so can be considered legit.

Is FXTM a good broker?

FXTM is overseen by the top tier financial regulators ForexTime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911, ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614, Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius license number C113012295, so can be considered a good broker. FXTM allows Forex trading, Cryptocurrency trading, Indices trading, Stocks trading, Commodities trading, ETFs trading, and CFD trading.

Is FXTM trustworthy broker?

FXTM can be considered trustworthy. All money funded to FXTM is placed into a segregated tier 1 bank account. this means your money in not held by FXTM directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also FXTM is regulated by ForexTime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911, ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614, Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius license number C113012295, .

What is the minimum deposit for FXTM?

The minimum deposit to trade with FXTM is 10.

How long do FXTM withdrawals take?

Withdrawing money from FXTM processing time varies but averages 2-5 days.

Is FXTM regulated?

FXTM is regulated by ForexTime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911, ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614, Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius license number C113012295, . Regulatory bodies conduct regular reviews and audits as part of FXTM maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is FXTM a market maker?

FXTM is a market maker. Stocks, currency and other commodities and instruments will be purchased by FXTM even if no buyer is lined up.

How can I start trading with FXTM?

When opening a trading account with FXTM, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FXTM trading platforms here.

Is my money safe with FXTM?

FXTM is regulated by ForexTime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911, ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614, Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius license number C113012295, . One of the most important criteria for traders when choosing a broker like FXTM is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FXTM, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is FXTM a con?

FXTM is regulated and well established having been in business for over 10 years. FXTM is definitely not a con.

Can you make money with FXTM?

Although traders have had great success with FXTM. Trading on the financial markets with FXTM is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does FXTM have fees?

FXTM withdrawal fees varies on payment method. FXTM doesn't charge inactivity fees. FXTM doesn't charge deposit fees.

When was FXTM founded?

FXTM was founded in 2011.

How many people use FXTM?

FXTM is used by over 3,000,000 registered FXTM users.

What is FXTM Headquarters country?

FXTM has its head quarters office in London United Kingdom.

Does FXTM offer negative balance protection?

FXTM does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does FXTM offer guaranteed stop loss?

FXTM does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does FXTM allow scalping?

FXTM offers scalping.

Does FXTM allow hedging?

FXTM does not offer hedging.

Does FXTM offer CFD trading?

FXTM offers CFD trading.

Does FXTM offer STP?

FXTM offers STP trading.

How many people use FXTM?

FXTM is used by over 3000000 FXTM users and traders.

Is FXTM an ECN broker?

FXTM does not offer ECN trading.

Does FXTM offer a demo account?

FXTM offers a demo account.

Does FXTM offer an Islamic account?

FXTM offers a Islamic accounts.

What are the funding methods for FXTM?

Please note that funding methods and funding options available with FXTM can be found in the FXTM Members area and depend on the FXTM client’s country of residence. Please check your specific available payment methods on the FXTM website. FXTM accept the following funding methods : Bank Wire transfer, Debit cards, Visa, MasterCard, Neteller, Skrill.

FXTM review written by Andrew Blumer and Mark Hansen

We hope you found our review of the FXTM brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

FXTM review written by Mark Hansen of Comparebrokers.co