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Forex broker review

FXTM Review 2026

How did it score?

Review score

Review score3.2/ 5
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FXTM at a glance

The key facts, the overall score and the score for each part of the review. Select a part to read its findings.

Minimum deposit
$10
Regulated by
FCA, CMA, FSCA, FSC, CySEC
Trading platforms
FXTM App · MetaTrader 4 · MetaTrader 5
Maximum leverage
3000
Spread
Floating

How we review brokers Commercial relationships may affect where brokers appear on FxAsking. They do not guarantee a positive review or score. Advertiser disclosure

Is FXTM a good broker? Our verdict

FXTM suits active CFD traders who want MT4 or MT5 automation and a wide set of markets, but it is a weaker fit for cost-focused traders who need a clear all-in price before choosing an account. Its main attractions are the range of instruments and the choice between cent-based and spread-plus-commission pricing. The main practical trade-off is that headline spreads and commission descriptions do not let a trader calculate a dependable round-trip cost in advance. FXTM also advertises leverage as high as 1:5,000, a level that can magnify losses sharply. The contracting company matters: FXTM names entities regulated in several jurisdictions, but the applicable entity is not clearly mapped to every client location. The account minimum is more concrete: the Micro account starts at $30. Whether FXTM fits therefore depends less on the broad product list than on the account, leverage and legal terms attached to the client’s registration.

What stands out

  • The $30 minimum for the cent-based Micro account gives new traders a low entry point for smaller positions and strategy practice.
  • MT4 and MT5 support automated trading, while the platform offer includes a VPS for Forex Pro users.
  • FXTM lists more than 1,000 markets across several asset groups, including ETFs, futures and cryptocurrencies.

What to consider

  • FXTM advertises leverage up to 1:5,000, which can expose an active trader to large losses from small market moves.
  • The legal notices name several regulated entities without clearly mapping every client location to its contracting company.

Who owns FXTM and where is it based?

Review score3.4/ 5

FXTM is a trading brand associated with Exinity Group, and it offers leveraged trading alongside some cash or equity share dealing. The broker describes more than 15 years of experience in global markets and reports over one million clients worldwide; these are company figures, not independent measures of service quality.

FXTM’s product descriptions indicate a spread-based model on some accounts and spread-plus-commission pricing on others. That gives traders a choice between pricing structures, although the actual cost depends on the account and instrument. FXTM lists Exinity Limited at an address in Ebene, Mauritius, and its legal notices also name companies in Kenya and the United Arab Emirates. The client-to-entity relationship is addressed under the applicable legal terms.

The markets listed by FXTM include forex, commodities, metals, stocks, indices, cryptocurrencies, futures, ETFs and crosses. Its offering includes both leveraged products and share-dealing products, so product type matters as much as the market label.

Is FXTM safe, legit and regulated?

Review score2.5/ 5

FXTM names regulators in Mauritius, Kenya, South Africa and the United Arab Emirates, but the protection attached to an account depends on the legal entity that contracts with the client. The broker’s legal notices do not clearly map every client location to its contracting company, an important uncertainty when comparing protections.

FXTM identifies Exinity Limited, registered in Mauritius, as holding an Investment Dealer licence from the Financial Services Commission of Mauritius, licence C113012295. The shared legal notice also lists a South African Financial Sector Conduct Authority registration for Exinity Limited, FSP 1395769. FXTM names Exinity Capital East Africa Ltd as a Kenyan non-dealing online foreign-exchange broker regulated by the Capital Markets Authority of Kenya, licence 135. A separate UAE company, Exinity Global Financial Services L.L.C., is described as CMA-supervised and licensed for promotion and introduction activities, Category 5, under licence 20200000270. That activity description is distinct from a general statement that the company is authorised to provide every trading service.

FXTM says it keeps client funds separate from its operational funds. Its risk disclosure also describes protections as subject to applicable regulations and distinguishes segregated from non-segregated funds. FXTM Limited says it does not serve residents of the United States, United Kingdom, India and several other listed jurisdictions, including Canada and Japan. Regulation does not remove market, counterparty or trading risk.

FXTM fees, spreads and commissions

Review score3.2/ 5

FXTM’s pricing depends on the account and instrument. The broker advertises Advantage spreads from 0.0 pips and says spreads on major forex pairs are typically zero, while also describing the account as carrying ultra-low commission. Those are different claims: “from” is a minimum, and a spread figure alone is not the complete trading cost.

What does FXTM’s spread headline include?

FXTM’s active-trader offer also promotes commission-free trading, while its precision-trader offer promotes Advantage pricing with spreads from zero and commission. Any commission charged per side would apply on both the opening and closing transaction, but a specific amount should not be inferred.

The broker also says it offers typically zero spreads on major forex pairs in its Advantage account description. This is a broker claim, not a guaranteed spread for every trade. A zero spread at a particular moment would not by itself mean the trade is cost-free if commission applies, and it says nothing about overnight financing.

Which costs change with holding time?

For an intraday trade, the live spread and any applicable commission are the immediate trading costs. A position held overnight may also incur swap or financing charges, which can accumulate over multiple nights.

The charges most worth pinning down are the Advantage commission and the applicable overnight financing rate for the instrument and account.

FXTM account types and minimum deposit

Review score3.2/ 5

The lowest stated minimum is $30 for the cent-based Micro account.

Which FXTM account fits your trading style?

Micro is described as suited to smaller positions, new traders and strategy testing. Its cent denomination can make position sizes smaller in account-currency terms, though leverage still magnifies market exposure.

Advantage is the spread-plus-commission option: FXTM advertises spreads from 0.0 pips and ultra-low commission. The broker’s separate active-trader promotion refers to commission-free trading, so account names and exact terms should not be treated as interchangeable. Advantage Stocks is listed as a distinct share-trading account, but its product description does not by itself establish whether each available share is a CFD or a cash holding.

FXTM provides a demo account with virtual funds for practice. The useful choice is between Micro’s cent-based sizing and the pricing or product characteristics attached to each named live account.

Leverage, margin and order execution

Review score2.8/ 5

FXTM describes its execution as market execution, with orders filled at the best available market price and no requotes. It advertises maximum leverage up to 1:5,000 for active traders and up to 1:3,000 in its Advantage account promotion; these are advertised maxima, not terms that necessarily apply to every client or instrument.

FXTM reports a 99% order fill rate and an average execution speed below 50 milliseconds. Its execution FAQ separately says orders were filled at the requested price 99.99% of the time, while also explaining that slippage can occur in volatile markets and that positive slippage is passed on. These are broker-reported performance figures with different labels and scopes, rather than independent execution measurements. Market execution means the final price may differ from the requested price when the market moves.

The platform comparison lists market, limit, stop, stop-limit and good-till-cancelled orders, and also lists trailing stops for MetaTrader. FXTM promotes Expert Advisors on MT4 and MT5. The high advertised leverage is the most consequential condition: a small adverse price move can quickly consume margin, particularly on a leveraged position.

What can you trade with FXTM?

Review score4.1/ 5

FXTM advertises more than 1,000 markets across forex, commodities, metals, stocks, indices, cryptocurrencies, futures, ETFs and crosses. The range spans several major asset groups, though an instrument count alone does not show how many products are available in each group.

The distinction between share CFDs and share ownership is material. FXTM explains that cash or equity shares involve owning the asset, whereas a stock CFD provides price exposure without ownership. Its risk disclosure also describes custody of equities through a nominee arrangement, with possible implications for voting rights.

Traders seeking share ownership should distinguish cash/equity dealing from CFDs, while those seeking diversified leveraged exposure have access to several non-share asset classes.

FXTM trading platforms and app

Review score4.3/ 5

FXTM offers its own mobile app and MetaTrader 4 and MetaTrader 5. The FXTM app is available for Android and iOS, with one-tap trading, real-time signals and account management. FXTM also describes a web platform for managing funds and viewing market insights and tailored trading ideas; it does not describe that web platform as a separate full-featured trading terminal.

What do MT4 and MT5 add?

FXTM lists MT4 and MT5 for desktop and mobile use. It promotes both platforms for automated trading with Expert Advisors, which suits traders who run rule-based strategies. The platform comparison also lists interactive charts, with 30 technical indicators for MT4 and more than 80 for MT5. MT5 is presented as supporting a broader set of market access and more advanced analysis tools, while MT4 is positioned for forex and CFD trading.

FXTM lists Trading Central and FX Blue as plug-in tools for its Pro Trading Tools, and advertises a VPS for Forex Pro users. Access to the VPS is tied to that stated user category rather than presented as an unconditional feature for all accounts. The platform comparison also names an economic calendar and TradingView-derived charting or signals, though its feature labels do not clearly assign every item to a particular platform.

The app is oriented toward account management and quick mobile trading, while MT4 and MT5 provide the clearest route to desktop analysis and automation. The account-management web platform complements these rather than replacing the MetaTrader terminals for EA-based trading.

Opening an account, deposits and withdrawal times

Review score3.0/ 5

FXTM’s stated account-opening route is to register a profile, choose an account type, confirm identity, then make a first deposit.

How do deposits and withdrawals work?

The $30 Micro minimum is the stated entry amount for that account; it is not a universal minimum for all account types.

The help centre also addresses withdrawal requirements, requests made while positions remain open, withdrawals to a different payment method, rejected requests and expected receipt times.

Deposit methods

  • Bitcoin
  • Ethereum
  • Mastercard
  • Neteller
  • Skrill
  • Visa
  • Wire Transfer

Withdrawal methods

  • Bitcoin
  • Ethereum
  • Mastercard
  • Neteller
  • Skrill
  • Visa
  • Wire Transfer

Research, education and customer support

Review score3.8/ 5

FXTM publishes daily market analysis and news, including commentary on economic events and potential market movements. It also advertises daily trade ideas and signals, an economic calendar, and Trading Central and FX Blue tools.

FXTM offers free educational articles, videos, courses and webinars, and promotes material for both beginners and more experienced traders. Its help centre includes platform tutorials, trading guides and explanations of concepts such as swaps, margin and slippage. The range gives new users introductory resources as well as practical platform guidance, without establishing the depth of each course or the accuracy of market predictions.

Support is available through live chat, phone and a contact form. FXTM says form enquiries receive a reply within 24 hours. Its contact schedule gives hours in UTC: Monday to Friday, 03:00–20:00, and Saturday and Sunday, 07:00–11:00. That schedule is more specific than FXTM’s separate description of support as available 24 hours a day; the published hours therefore qualify that broad claim. No response-time claim is a measure of resolution quality.

FXTM alternatives worth comparing

FXTM’s Advantage offer uses spreads from 0.0 pips alongside commission, while its active-trader promotion also advertises commission-free trading. A trader who cannot compare those offers without account-specific pricing could compare brokers that publish typical EUR/USD spreads and a clearly stated round-trip commission, then evaluate the resulting cost on the intended account.

FXTM’s advertised leverage reaches 1:5,000 for active traders. Traders who prefer a lower leverage ceiling can compare brokers whose retail maximum is explicitly capped by the regulator governing their account. The meaningful comparison is the actual entity and account terms, not a headline maximum detached from the client’s jurisdiction.

Checks to make before you open an account

Choose between the cent-based Micro account for smaller position sizing and an account whose specific pricing and share product match your plan; the $30 minimum applies to Micro, not all FXTM accounts. If you intend to automate strategies, FXTM’s MT4 and MT5 offer is the relevant platform route, while its app focuses on mobile trading and account management.

A share-market label can refer to a cash/equity holding or a stock CFD, so the product type determines whether you own shares. The final decision also turns on the leverage available for the account and instrument, since FXTM advertises very high maximum leverage. FXTM names several regulated entities, and the contracting entity attached to the registration affects which legal terms apply.

FXTM FAQ

01

Is FXTM regulated?

FXTM names Exinity Limited as regulated by the Mauritius Financial Services Commission, and also lists a South African FSCA registration. It names a Kenyan CMA-regulated entity and a UAE company licensed for promotion and introduction activities. The applicable protections depend on the contracting entity, which is not clearly mapped to every client location.

02

Is FXTM safe?

FXTM says it segregates client funds from its operational funds. Its risk disclosure makes the applicable treatment dependent on regulations and distinguishes segregated from non-segregated funds.

03

What is FXTM’s minimum deposit?

The stated minimum is $30 for FXTM’s cent-based Micro account. FXTM also lists Rewards, Rewards Plus, Advantage and Advantage Stocks, but the $30 figure is specifically attached to Micro.

04

Does FXTM offer MT4 or MT5?

Yes. FXTM offers both MetaTrader 4 and MetaTrader 5 for desktop and mobile use. It promotes Expert Advisors on both, while MT5 is presented with more advanced analysis tools and a larger set of technical indicators.

05

Does FXTM accept US clients?

No. FXTM Limited does not provide services to residents of the United States. The same restriction list names the United Kingdom, India, Canada and Japan, among other jurisdictions.

06

Does FXTM have a demo account?

Yes. FXTM offers a demo account with virtual funds for practising on real-market conditions without risking deposited capital.

FXTM

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How we review brokers

Our reviews consider regulation, costs, account options, platforms, available markets and funding. Read the review alongside our methodology to understand how the score was reached.

Who owns FXTM and where is it based?
3.4 / 5
Is FXTM safe, legit and regulated?
2.5 / 5
FXTM fees, spreads and commissions
3.2 / 5
FXTM account types and minimum deposit
3.2 / 5
Leverage, margin and order execution
2.8 / 5
What can you trade with FXTM?
4.1 / 5
FXTM trading platforms and app
4.3 / 5
Opening an account, deposits and withdrawal times
3.0 / 5
Research, education and customer support
3.8 / 5

Our broker reviews are based on a consistent evaluation process that combines independent research with practical testing. Rather than relying solely on information published by brokers, we verify key details wherever possible and assess each broker using the same set of criteria.

Our research begins with the broker's regulatory status. We verify licences with recognised financial authorities, review publicly available company information, and examine legal documents such as client agreements, fee schedules, and terms of business. This helps us understand how the broker operates and the protections available to clients.

Where possible, we open live accounts and test the broker's services ourselves. This allows us to evaluate the trading experience from account opening through funding, trading, and withdrawals.

Our reviews consider the following areas:

Regulation & Safety

We verify the broker's regulatory licences, investor protection measures, client fund segregation, and any available compensation schemes. We also consider the broker's operating history and regulatory record.

Trading Costs

We compare spreads, commissions, overnight financing (swap) charges, and other trading and non-trading fees. Since pricing can vary between account types and market conditions, we assess costs across the broker's available offerings.

Account Types

We review the broker's account options, minimum deposit requirements, leverage limits, execution models, and any features designed for different types of traders.

Markets & Instruments

We examine the range of available forex pairs and CFDs, including indices, commodities, shares, cryptocurrencies, and other supported markets where applicable.

Trading Platforms

We test the broker's web, desktop, and mobile platforms, paying attention to usability, available order types, charting tools, technical indicators, execution quality, and any support for automated or copy trading.

Deposits & Withdrawals

We review the available funding methods, processing times, fees, and the overall process for depositing and withdrawing funds.

Customer Support

We contact customer support through the available channels to assess response times, the quality of assistance provided, and the availability of support during trading hours.

Keeping Our Reviews Current

Broker services, pricing, and regulations can change over time. For that reason, we periodically review and update our content when significant changes occur or new information becomes available.

How we review