FXTM Review 2025

Regulations: CySEC (Cyprus), FCA (UK), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)

Instruments: 60 Forex pairs, 8 Commodities, 21 Index CFDs, 802 Equity CFDs, 639 US-listed stocks

FXTM offers two main account types to cater to different trading preferences: the “Advantage Plus” account, which is commission-free, and the “Advantage” account, which is commission-based. Both account types require a minimum deposit of $200, making them accessible to a wide range of traders. While the Advantage Plus account eliminates commission fees, it does come with relatively higher spreads, making it less cost-effective for traders who prioritize lower trading costs.

On the other hand, the “Advantage” account is highly recommended for traders, as it offers some of the best trading conditions in the industry. Despite charging a commission, the overall trading costs are significantly lower due to the tight spreads available in this account. For high-frequency traders, scalpers, or those looking to minimize costs, the commission-based Advantage account is an excellent choice, offering a more competitive environment compared to the commission-free option.
 

FXTM Pro Account

The "FXTM Pro Account" Specifically designed for professional traders, institutional traders, and hedge funds, this account requires a minimum deposit of $25,000 (or currency equivalent) to open. FXTM Pro account holders benefit from commission-free raw spreads starting from 0 pips, with spreads averaging above 0.2 pips. This competitive spread structure allows FXTM to earn revenue from trading volume, making it one of the best offers for professional traders in the industry.

The FXTM Pro Account provides some of the lowest trading costs for liquid currency pairs, with costs ranging between $0.00 and $2.00 per standard lot, and offers maximum leverage of 1:200. Traders using this account enjoy full flexibility with no restrictions on trading strategies, and they can access both the MT4 and MT5 trading platforms. The minimum transaction size is 0.01 lots, offering further flexibility for professional traders.

Additional features of the FXTM Pro Account include account base currencies in USD, EUR, and GBP, with NGN accounts available for Nigerian traders. There is no maximum deposit limit, deep liquidity from Tier-1 providers, and market execution without requotes or last-look pricing. The margin call is set at 80% (rising to 130% over the weekend), and the stop-out level is 50% (increasing to 100% over weekends). The FXTM Pro Account also allows for up to 250 lots per trade, with a maximum of 300 pending orders and unlimited open positions. This account includes 43 currency pairs, two spot metals, and nine spot CFDs, making it an excellent choice for professionals looking for high liquidity and superior trading conditions.

FXTM offers a wide range of payment options, with 16 methods available for deposits and withdrawals. These include traditional bank wires and a variety of domestic banking solutions tailored to specific countries, which is an excellent feature for traders seeking localized options. Additionally, FXTM supports popular e-wallet services such as Skrill, GlobePay, Pay Redeem, Perfect Money, Neteller, FasaPay, and M-Pesa, giving traders flexibility in managing their funds. All deposits and withdrawals are processed through the MyFXTM back office, where traders can easily manage their transactions.

FXTM offers a wide range of payment options, with 16 methods available for deposits and withdrawals. These include traditional bank wires and a variety of domestic banking solutions tailored to specific countries, which is an excellent feature for traders seeking localized options. Additionally, FXTM supports popular e-wallet services such as Skrill, GlobePay, Pay Redeem, Perfect Money, Neteller, FasaPay, and M-Pesa, giving traders flexibility in managing their funds. All deposits and withdrawals are processed through the MyFXTM back office, where traders can easily manage their transactions.

While FXTM does not charge internal deposit fees, it does levy fees on withdrawals, which is an unfortunate drawback. Traders may also encounter third-party processing fees and currency conversion charges, depending on the payment method used. Processing times vary across methods, ranging from instant transactions to up to ten business days.
 

FXTM offers both commission-free and commission-based forex accounts to suit different traders. Commission-free accounts usually cost more overall because spreads are higher, while commission-based accounts are among the cheapest options in the industry.

With the commission-based Advantage account, spreads can start at 0.0 pips, and the commission is $0.80–$4.00 per round lot—one of the best pricing setups available. The Advantage Plus account has no commission, but spreads start from 1.5 pips, so total costs are higher than the commission-based option.

FXTM doesn’t charge deposit fees. However, there’s a $5 monthly inactivity fee after six months without trading. Equity CFD trading can be commission-free, but that doesn’t always mean cheaper—spreads are often higher (sometimes double) compared to commission-based accounts, and FXTM follows this pattern. For the lowest overall costs, the commission-based accounts are usually the best choice.

Swap Rates and Overnight Trading Costs

Swap rates on leveraged positions held overnight are an often-missed cost. Depending on your strategy, these fees can meaningfully affect your overall expenses if you keep trades open past the trading day.

On MT4/MT5, you can check swap rates by right-clicking a symbol in Market Watch, choosing “Specification,” and scrolling to “Swap Long” and “Swap Short.” FXTM’s commission-based accounts generally have competitive swaps, but it’s important to consider how long you plan to hold a position, since time affects total cost.

FXTM keeps swap rates relatively low—especially on commission-based accounts—helping reduce costs for longer holds. Even with extra fees on Hong Kong stocks, pricing remains competitive, making FXTM a cost-effective option for traders who keep positions overnight or for multiple days.

FXTM occasionally offers a "Sign-up Bonus." In the past, FXTM provided a $10 signup bonus that was valid for 30 days. While traders could withdraw any profits earned using the bonus, the bonus amount itself was non-withdrawable after the promotion expired. 
The "Referral Bonus" is currently available at FXTM, offering $50 for both the referrer and the referred trader, with a maximum payout of $500. It's important to note that this is not an affiliate program, and geographic restrictions apply. The referrer must have a pre-existing relationship with the person they are referring, and terms and conditions should be reviewed carefully to ensure eligibility. For those interested in affiliate programs, FXTM also offers a separate program with generous payouts. 

One of the best offers available at FXTM is the "volume-based discount" for the commission-based FXTM Advantage account. With a minimum deposit of $200, traders can benefit from long-term cost savings through reduced trading costs, making it an excellent choice for frequent traders looking to enhance profitability. 

Additionally, FXTM hosts "trading contests" with various prizes, but traders are encouraged to carefully read the terms and conditions before participating to fully understand the rules and requirements of these promotions.
 

FXTM caters to a broad range of international traders, including those from the UK, India, Malaysia, and the Philippines. The broker’s global presence and localized banking solutions make it a popular choice for traders in many regions. However, FXTM does not accept clients who are residents of Canada or the United States.