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Broker Reviews

FXTM

Trust Score:

2.63

(26 Reviews)
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About FXTM

FXTM is a multi-asset broker offering trading in forex, indices, commodities, stocks, shares, CFDs, cryptocurrencies, and precious metals. The platform lineup includes MetaTrader 4, MetaTrader 5, and web and mobile platforms, with leverage available up to 1:3000. Accounts feature variable spreads and zero-commission pricing, with order sizes from 0.01 to 100 lots. Traders can open demo accounts and access swap-free options, and both hedging and scalping are permitted. Supported account currencies include USD, GBP, EUR, and NGN. FXTM operates through multiple regulated entities, including oversight from the FCA (UK), FSCA (South Africa), SCA (UAE), FSC (British Virgin Islands), and CMA, and also holds an Investment Dealer (Full Service Dealer – Excluding Underwriting) licence from the Financial Services Commission of Mauritius. The brand serves over two million clients across 150 countries and provides services in 18 languages.

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Regulation & Security

FXTM operates under a multi-jurisdictional framework. Regulatory oversight includes the Financial Conduct Authority (FCA) in the United Kingdom, the Financial Sector Conduct Authority (FSCA) in South Africa, the Securities and Commodities Authority (SCA) in the United Arab Emirates, the Financial Services Commission (FSC) in the British Virgin Islands, and the CMA. The company also holds an Investment Dealer (Full Service Dealer – Excluding Underwriting) licence from the Financial Services Commission of Mauritius. Services are provided through these regulated entities to a client base exceeding two million, across 150 countries and 18 languages.

Account and Setup

Account setup supports a minimum deposit of 200 and offers a demo environment for practice. Swap-free accounts are available, and both hedging and scalping are permitted. Trading is accessible on MetaTrader 4, MetaTrader 5, and the broker’s web and mobile platforms, allowing flexibility in how strategies are executed. Accounts can be denominated in USD, GBP, EUR, or NGN. Order sizing ranges from 0.01 to 100 lots, accommodating both smaller and larger position management. Pricing is variable-spread with no commission, and leverage is available up to 1:3000.

Funding Options

Funding methods include bank wire transfer, credit and debit cards (Visa, Mastercard, Maestro), and Western Union. Supported e-wallet and payment providers include Perfect Money, Neteller, Skrill, GlobePay, Google Pay, and PayRedeem. These channels complement account currencies in USD, GBP, EUR, and NGN for deposits and withdrawals.

Bot & API Compatibility

FXTM supports algorithmic trading via expert advisors on MetaTrader 4 and MetaTrader 5. Traders can deploy custom EAs, with hedging and scalping enabled to accommodate diverse automation styles. Position sizing from 0.01 to 100 lots and leverage up to 1:3000 provide flexibility for testing and scaling strategies. Pricing uses variable spreads. API access is not available, and OCO orders are not supported, so EA design may need to incorporate alternative order-handling logic within MT4/MT5.

Trading Conditions& Restrictions

Leverage is available up to 1:3000 with variable spreads and zero commission. Hedging and scalping are allowed, and swap-free accounts are offered. Minimum and maximum order sizes range from 0.01 to 100 lots. Instruments include forex, indices, commodities, stocks, shares, CFDs, cryptocurrencies, and precious metals, with access to 4 currency pairs for forex. Execution models available include STP, ECN, and market maker. OCO orders are not available.

Regulation & Security

FXTM operates under a multi-jurisdictional framework. Regulatory oversight includes the Financial Conduct Authority (FCA) in the United Kingdom, the Financial Sector Conduct Authority (FSCA) in South Africa, the Securities and Commodities Authority (SCA) in the United Arab Emirates, the Financial Services Commission (FSC) in the British Virgin Islands, and the CMA. The company also holds an Investment Dealer (Full Service Dealer – Excluding Underwriting) licence from the Financial Services Commission of Mauritius. Services are provided through these regulated entities to a client base exceeding two million, across 150 countries and 18 languages.

Account and Setup

Account setup supports a minimum deposit of 200 and offers a demo environment for practice. Swap-free accounts are available, and both hedging and scalping are permitted. Trading is accessible on MetaTrader 4, MetaTrader 5, and the broker’s web and mobile platforms, allowing flexibility in how strategies are executed. Accounts can be denominated in USD, GBP, EUR, or NGN. Order sizing ranges from 0.01 to 100 lots, accommodating both smaller and larger position management. Pricing is variable-spread with no commission, and leverage is available up to 1:3000.

Funding Options

Funding methods include bank wire transfer, credit and debit cards (Visa, Mastercard, Maestro), and Western Union. Supported e-wallet and payment providers include Perfect Money, Neteller, Skrill, GlobePay, Google Pay, and PayRedeem. These channels complement account currencies in USD, GBP, EUR, and NGN for deposits and withdrawals.

Bot & API Compatibility

FXTM supports algorithmic trading via expert advisors on MetaTrader 4 and MetaTrader 5. Traders can deploy custom EAs, with hedging and scalping enabled to accommodate diverse automation styles. Position sizing from 0.01 to 100 lots and leverage up to 1:3000 provide flexibility for testing and scaling strategies. Pricing uses variable spreads. API access is not available, and OCO orders are not supported, so EA design may need to incorporate alternative order-handling logic within MT4/MT5.

Trading Conditions& Restrictions

Leverage is available up to 1:3000 with variable spreads and zero commission. Hedging and scalping are allowed, and swap-free accounts are offered. Minimum and maximum order sizes range from 0.01 to 100 lots. Instruments include forex, indices, commodities, stocks, shares, CFDs, cryptocurrencies, and precious metals, with access to 4 currency pairs for forex. Execution models available include STP, ECN, and market maker. OCO orders are not available.

FXTM Reviews

( 26 )

FXTM Reviews

( 26 )
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