FXTM Review 

 FXTM (ForexTime) is a regulated CFD broker offering forex, indices, stocks, and commodities trading via MetaTrader 4, MetaTrader 5, and its own proprietary platform. It holds dual regulation from the FCA (UK) and CySEC (Cyprus), supports multiple account types including Islamic and zero-spread accounts, and allows advanced trading features such as scalping, hedging, and Expert Advisors. Its main weaknesses include being a pure market maker, lacking ECN/STP execution, missing crypto trading, and the absence of TradingView and cTrader platforms.

What Type of Broker Is FXTM?

FXTM Broker Type Score: 3/10

FXTM (ForexTime) is a CFD (Contract for Difference) broker. This means that when you trade with FXTM, you do not take ownership of the underlying asset. Instead, you speculate on the price movement of instruments such as currencies, indices, commodities, and stocks through derivative contracts.

Is FXTM a CFD Broker?

Yes. FXTM is a CFD broker, and the majority of its product offering is structured around leveraged CFD trading. CFDs allow traders to go long (buy) or short (sell) on a market, using leverage to control a position larger than their deposited capital. While this amplifies potential gains, it also increases the risk of significant losses. The FCA and CySEC both require FXTM to display risk warnings — between 74–89% of retail investor accounts lose money trading CFDs.

If you want to understand the different structures of CFD brokers, read our comparison guide on ECN brokers and how they differ from market makers.

Does FXTM Offer Spread Betting?

No. FXTM does not offer spread betting. Spread betting is a tax-efficient trading product available primarily to UK and Irish residents, where profits are not subject to Capital Gains Tax. If you are specifically looking for a spread betting provider, you can compare spread betting brokers here.

Is FXTM a Stock Broker?

No. FXTM is not a traditional stock broker. While it does offer stock CFDs, you cannot hold actual shares or participate in corporate actions such as dividends and voting rights. If you want direct equity ownership, explore our list of top stock brokers.

Does FXTM Operate a Crypto Exchange?

No. FXTM does not operate a cryptocurrency exchange and does not offer crypto trading of any kind. This is a notable gap in the product offering given how mainstream digital asset trading has become. If cryptocurrency access is important to you, we recommend checking our guide to brokers for trading Bitcoin and crypto.

Bottom Line on Broker Type: FXTM’s score of 3/10 in this category reflects its narrow product positioning. It is a dedicated CFD broker and does not branch into spread betting, stock ownership, or crypto. Traders who need a multi-asset broker with broader product coverage should compare alternatives such as Pepperstone or AvaTrade.

Where Is FXTM Regulated?

FXTM Regulation Score: 7/10

Regulation is the single most important factor when evaluating any broker. It determines whether your funds are protected, whether the broker operates fairly, and what recourse you have if something goes wrong.

Is FXTM FCA Regulated?

Yes. FXTM is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The FCA is widely regarded as one of the world’s most rigorous financial regulators. FCA-regulated brokers are required to:

• Segregate client funds from company operating funds, meaning your money is held in a separate account and cannot be used by the broker for business expenses.
• Participate in the Financial Services Compensation Scheme (FSCS), which protects eligible UK clients for up to £85,000 per person in the event of broker insolvency.
• Submit to regular audits, capital adequacy requirements, and fair conduct standards.

FCA regulation is the gold standard for UK-based retail traders, and its presence here significantly boosts FXTM’s trustworthiness.

Is FXTM CySEC Regulated?

Yes. FXTM is also regulated by the Cyprus Securities and Exchange Commission (CySEC). CySEC is the financial regulator for Cyprus, an EU member state, meaning CySEC regulation also carries the protections afforded by European financial law, including MiFID II compliance.

CySEC-regulated brokers must:

• Segregate client funds
• Participate in the Investor Compensation Fund (ICF), which covers eligible clients up to €20,000
• Maintain transparent pricing and best execution policies

CySEC regulation makes FXTM accessible and compliant for traders across the European Union and EEA.

Is FXTM ASIC Regulated?

No. FXTM does not hold regulation from the Australian Securities and Investments Commission (ASIC). ASIC is considered one of the world’s strictest financial regulators, with particularly robust protections for retail clients including leverage caps and negative balance protection. The absence of ASIC regulation limits FXTM’s appeal to Australian traders and brings its regulation score down relative to top-tier competitors. For ASIC-regulated alternatives, see our broker comparison tools.

Why Regulation Matters More Than Anything Else: Before evaluating spreads or platforms, always verify a broker’s regulatory status. You can cross-check FXTM’s FCA registration on the FCA register and CySEC registration on the CySEC website. Dual regulation (FCA + CySEC) is a strong indicator that FXTM operates to high standards of financial conduct.

What Markets Does FXTM Offer?

FXTM Market Access Score: 7/10

FXTM provides access to four core asset classes: forex, indices, stocks (as CFDs), and commodities. It does not currently offer cryptocurrency trading or ETF access.

Forex Trading with FXTM

FXTM offers a broad selection of forex (foreign exchange) currency pairs. Forex is the largest financial market in the world, with a daily trading volume exceeding $7.5 trillion. FXTM covers major pairs (e.g., EUR/USD, GBP/USD, USD/JPY), minor pairs, and some exotic pairs, making it a strong choice for dedicated FX traders. FXTM’s EURUSD spread of 0.1 pips on its competitive account types is among the tightest in the industry.

Index Trading with FXTM

FXTM offers index CFDs, giving traders exposure to major global stock indices including the US S&P 500, the German DAX 40, the UK FTSE 100, and others. Index CFDs are a popular way to gain diversified exposure to an entire market segment without selecting individual stocks. Note that FXTM’s spreads on the FTSE 100 (1.3 pips) are slightly above the industry average (1.6 pips).

Stock CFD Trading with FXTM

FXTM provides stock CFDs, allowing traders to speculate on individual company share prices from global markets including the US, UK, and Europe. It is important to distinguish between stock CFD trading and actual stock ownership — with FXTM you are trading derivatives, not investing in shares. If you want to own shares outright, visit our list of top stock brokers.

Cryptocurrency Trading with FXTM

FXTM does not offer cryptocurrency trading. Neither Bitcoin, Ethereum, nor altcoin CFDs are available on the platform. This is a significant omission for traders who want a single broker to cover both traditional and digital assets. If crypto access is a requirement, we maintain a dedicated list of brokers for trading Bitcoin.

Commodities Trading with FXTM

FXTM supports commodities trading, including precious metals (gold, silver), energy (crude oil, natural gas), and agricultural products. Commodity trading through CFDs allows traders to speculate on price movements driven by geopolitical events, supply disruptions, and macroeconomic trends. FXTM’s gold spread of 0.4 pips is competitive relative to the industry average of 0.55 pips.

ETF Trading with FXTM

FXTM does not offer ETF (exchange-traded fund) trading. ETFs are increasingly popular instruments that allow diversified exposure to a basket of assets at low cost. Their absence further narrows FXTM’s product offering compared to multi-asset platforms.

What Are FXTM’s Spreads?

FXTM Spreads Score: 4/10

Spreads are one of the primary trading costs for CFD traders, and understanding them is essential before opening an account. The spread is the difference between the bid (sell) price and the ask (buy) price of an instrument — and it represents the broker’s compensation for facilitating your trade.

FXTM Spread Comparison Table

Key Takeaways:

• FXTM offers extremely competitive EUR/USD spreads (0.1 pips), among the best in the market.
• GBP/USD spread (0.3 pips) is competitive but slightly behind Pepperstone’s 0.1 pips.
• No Bitcoin or S&P 500 spread data is available because FXTM does not offer these instruments.
• Oil spreads (0.09) are significantly above Pepperstone (0.02) and AvaTrade (0.03), which may concern active energy traders.

It is also worth noting that FXTM’s listed spreads may apply specifically to its ECN or zero-spread-adjacent accounts. On standard accounts, spreads may be wider. Always check the specific account type you intend to use, as spread structures vary by account.

FXTM Fees and Commissions

FXTM Fees Score: 6/10

Understanding the complete cost structure of a broker is critical. Spreads are only part of the picture — commissions, overnight fees (swaps), inactivity fees, and deposit/withdrawal charges all affect your net profitability.

Inactivity Fee

FXTM does not charge an inactivity fee. This is a positive for part-time traders or those who trade infrequently. Many brokers charge monthly or quarterly dormancy fees (often $10–$15 per month) after a period of no trading activity, which can erode your account balance over time.

Trading Commissions

FXTM charges commissions on select account types, primarily its ECN-style or zero-spread accounts. Standard accounts are typically commission-free, with the broker earning revenue through the spread instead. This is standard industry practice. Commissions are commonly charged on zero-spread accounts for forex, gold, and silver, and may also apply to stock CFD positions. It is essential to review the fee schedule for your chosen account type before funding.

Deposit Fees

FXTM does not charge deposit fees. Every pound, euro, or dollar you deposit goes directly into your trading account. This is a client-friendly policy that reduces your upfront cost of capital.

Withdrawal Fees

FXTM does not charge withdrawal fees. When you request a withdrawal, you receive the full amount requested. Note, however, that your bank or payment provider may apply their own processing charges, which are outside FXTM’s control.

Overnight Fees (Swap Rates)

FXTM charges or pays overnight swap fees on leveraged positions held open past market close. These fees arise from the interest rate differential between the two currencies or assets involved in your position. Swap rates vary by instrument and direction (long vs. short). They are a standard feature of leveraged CFD trading and not unique to FXTM. Traders who prefer to avoid swap fees should look at FXTM’s Islamic (swap-free) account option.

FXTM Account Types

FXTM Account Types Score: 5/10

FXTM offers a reasonable range of account types, though it falls short in some areas compared to leading brokers.

Standard / Variable Spread Account

FXTM offers a variable spread account as its primary retail account type. Variable spreads fluctuate based on market liquidity and volatility — they tighten during calm markets and widen during high-impact events such as central bank announcements or economic data releases. This type of account is commission-free, with the broker’s revenue embedded in the spread.

If you’re comparing variable and fixed spread options, see our guide to fixed spread brokers.

Fixed Spread Account

FXTM does not offer a fixed spread account. Fixed spreads provide predictability — you know your transaction cost before entering a trade, which is useful for algorithmic strategies and high-frequency traders who require consistent cost modelling. If fixed spreads are important to your strategy, you can compare fixed spread brokers here.

Micro Account

FXTM offers a micro trading account, which is designed for beginner traders or those who want to start with very small capital. Micro accounts allow trading in micro-lots (0.01 standard lots = 1,000 units of currency), significantly reducing the financial exposure per trade. This makes FXTM accessible to traders who are not yet ready to risk standard-lot sizes.

Demo Account

FXTM offers a free demo account. Demo trading is strongly recommended for all new traders before committing real capital. A demo account replicates live market conditions using virtual funds, allowing you to:

• Familiarise yourself with the MetaTrader 4 or MetaTrader 5 interface
• Test and refine trading strategies without financial risk
• Understand how leverage, margin, and order types work
• Build confidence before transitioning to a live account

Zero Spread Account

FXTM offers a zero spread account on select instruments. Zero spread accounts charge no spread but levy a per-trade commission instead. These accounts are favoured by scalpers and high-frequency traders who benefit from tighter costs on large trade volumes. Note that “zero spread” typically applies to major forex pairs during peak liquidity hours — spreads may widen during volatile or off-hours trading.

Islamic (Swap-Free) Account

FXTM offers an Islamic trading account, also known as a swap-free account. This account type is designed for Muslim traders who observe Sharia law, which prohibits the payment or receipt of interest (riba). Under this account structure, overnight swap fees are replaced with an alternative fee structure that complies with Islamic finance principles. FXTM grants swap-free accounts only to traders who provide religious justification.

VIP Account

FXTM does not offer a VIP trading account. VIP accounts typically offer benefits such as a dedicated account manager, preferential spreads, priority customer support, and access to exclusive research. Their absence means FXTM does not cater specifically to high-net-worth or institutional-scale retail traders.

Managed Account (PAMM)

FXTM does not offer managed trading accounts or PAMM (Percentage Allocation Money Management) services. These accounts allow professional money managers to trade on behalf of investors. If managed account access is a priority, you will need to look at alternative brokers.

Signal / Copy Trading

FXTM does not offer signal trading or copy trading. Copy trading platforms allow novice traders to automatically replicate the trades of experienced traders in real time, which can be valuable for passive participation in financial markets.

API Trading

FXTM does not offer API trading. API (Application Programming Interface) access allows developers and algorithmic traders to build automated systems that directly interface with the broker’s servers to execute trades programmatically. For API-capable brokers, see our API broker comparison.

FXTM Trading Platforms

FXTM Trading Platforms Score: 6/10

The trading platform is the interface between you and the market. FXTM offers access to the world’s most widely used retail trading platform family — MetaTrader — alongside a proprietary platform and a mobile app.

MetaTrader 4 (MT4)

FXTM offers MetaTrader 4, the most widely used retail forex trading platform in the world. MT4 is known for:

• A clean, intuitive interface suitable for beginner and intermediate traders
• Extensive charting tools with over 30 built-in technical indicators
• Support for Expert Advisors (EAs) — automated trading robots written in MQL4
• Strategy backtesting using historical data
• A large third-party marketplace of custom indicators and EAs
• One-click trading functionality
• Available on Windows, Mac, iOS, and Android

MetaTrader 5 (MT5)

FXTM offers MetaTrader 5, the next-generation successor to MT4. MT5 expands the trading universe beyond forex, offering:

• Access to stocks, futures, and more instrument types
• An upgraded strategy tester with multi-currency backtesting
• More order types (including Buy Stop Limit and Sell Stop Limit)
• A superior MQL5 programming environment for EA development
• Economic calendar integrated directly into the platform
• Depth of Market (DOM) data display

For traders who use algorithmic strategies or need access to a broader range of instruments, MT5 is generally the recommended choice over MT4.

MT WebTrader

FXTM offers MT WebTrader, the browser-based version of MetaTrader that requires no software installation. WebTrader provides:

• Access from any device with a modern web browser (Windows, Mac, Linux, Chromebook)
• All core MT4/MT5 features including charting, order management, and account monitoring
• Seamless synchronisation with desktop and mobile MetaTrader accounts

This is ideal for traders who need to access their accounts from shared or work computers without installing software.

TradingView

FXTM does not offer TradingView integration. TradingView is the platform of choice for a growing number of retail traders due to its:

• Superior charting tools and more than 100 built-in indicators
• Proprietary Pine Script language for writing and backtesting custom strategies
• Massive community library of shared indicators, strategies, and trade ideas
• Clean, intuitive interface designed for modern traders

The absence of TradingView is a meaningful disadvantage for traders who have built their workflow around it. You can read our TradingView review to understand what you’d be missing.

cTrader

FXTM does not offer cTrader. cTrader is one of the most respected platforms among CFD traders for its Level II pricing (depth of market), superior execution transparency, and clean UI. Its absence reduces FXTM’s appeal to traders who specifically prefer cTrader-based execution. See how FXTM compares to ECN brokers that offer cTrader.

FXTM Proprietary Platform

FXTM has developed its own proprietary trading platform. This demonstrates an investment in client experience and product differentiation. Proprietary platforms often offer unique features tailored to the broker’s client base, though they typically lack the third-party ecosystem (indicators, EAs, community) of MetaTrader.

Mobile Trading App

FXTM offers a dedicated mobile trading app for iOS and Android. The app allows traders to:

• Monitor live positions and open/close trades from anywhere
• Access real-time charts and technical indicators
• Receive price alerts and push notifications
• Manage account settings, deposits, and withdrawals

Mobile trading capability is essential in today’s market environment and its presence is a positive feature for FXTM.

FXTM Deposit and Withdrawal Methods

FXTM Deposit Methods Score: 6/10

A broker’s payment ecosystem determines how quickly and cheaply you can fund your account and access your profits.

Credit and Debit Card

FXTM accepts credit and debit card deposits (Visa and Mastercard). Card deposits are processed instantly, meaning funds appear in your trading account without delay. This is the fastest funding method for most retail traders. Note that most brokers, including FXTM, restrict card withdrawals to the amount originally deposited — profits must be withdrawn via bank transfer.

Bank Wire Transfer

FXTM supports bank wire transfer for both deposits and withdrawals. Bank transfers are reliable and suitable for larger sums but typically take 1–5 business days to process. FXTM itself does not charge transfer fees, though intermediary banks may apply their own charges.

Skrill

FXTM accepts Skrill as a deposit and withdrawal method. Skrill is a widely used e-wallet that offers fast processing, competitive currency conversion, and is accepted across most major online brokers. It is particularly popular among traders in regions where card processing for financial platforms is restricted.

Neteller

FXTM accepts Neteller, another leading e-wallet solution used extensively in the trading and gaming industries. Neteller provides near-instant transfers, two-factor authentication for security, and multi-currency support. It is often the preferred e-wallet for traders due to its dedicated financial services focus.

PayPal

FXTM does not accept PayPal. PayPal is the world’s most widely recognised online payment platform and its absence limits convenience for traders who prefer this method. If PayPal compatibility is a must, refer to our broker comparison tool to filter by payment method.

American Express (AMEX)

FXTM does not accept American Express. AMEX is not commonly supported by CFD brokers due to higher processing fees. Most traders fund via Visa/Mastercard, so this is unlikely to be a significant barrier.

Bitcoin / Crypto Deposits

FXTM does not accept Bitcoin or any cryptocurrency as a deposit method. Crypto deposits offer privacy, speed, and no bank involvement, making them increasingly popular among traders globally. Their absence is another gap in FXTM’s offering.

FXTM Trading Execution Types

FXTM Trading Execution Score: 1/10

This is the weakest area of FXTM’s offering and the category where it scores lowest in our review. Understanding execution types is fundamental to understanding potential conflicts of interest.

Is FXTM a Market Maker?

Yes. FXTM operates as a market maker (MM) on most account types. A market maker broker acts as the direct counterparty to your trades — meaning when you buy, FXTM sells, and vice versa. The theoretical implication is that the broker profits when you lose, creating a structural conflict of interest.

That said, many reputable regulated brokers use a market-making model and the vast majority hedge their client exposure to neutralise this conflict. The FCA and CySEC both impose strict rules requiring brokers to deliver best execution regardless of their internal model. FXTM’s dual regulation provides a meaningful safeguard against the most egregious forms of market-maker abuse.

Does FXTM Offer STP (Straight-Through Processing) Execution?

No. FXTM does not offer STP execution on standard accounts. An STP broker routes your orders directly to liquidity providers without internal intervention, eliminating the broker’s direct financial interest in the outcome of your trade. For traders who prefer STP execution, we recommend reviewing alternatives with transparent non-dealing desk models.

Does FXTM Offer ECN (Electronic Communication Network) Execution?

No. FXTM does not offer true ECN execution. An ECN broker aggregates quotes from multiple liquidity providers and displays the best available bid/ask to clients. ECN brokers charge a commission per trade and operate with full price transparency. For a list of ECN-capable brokers, see our ECN broker comparison guide.

Does FXTM Offer Direct Market Access (DMA)?

No. FXTM does not offer DMA. Direct market access provides traders with a direct connection to exchange order books, offering maximum price transparency and execution quality. DMA is typically used by professional and institutional traders.

Note on Execution: While FXTM’s execution score of 1/10 appears severe, it reflects the absence of STP, ECN, and DMA — which are genuinely valued features for sophisticated traders. FXTM’s dual regulatory oversight does mitigate some of the theoretical conflicts inherent in a pure market-maker model, and for many retail traders, the practical day-to-day difference in execution quality is minimal.

FXTM Trading Features

FXTM Trading Features Score: 9/10

This is FXTM’s strongest category. The broker supports a comprehensive set of trading tools and order types that rival any platform in the industry.

Stop Loss (SL) Orders

FXTM supports stop loss orders. A stop loss automatically closes your position when the price reaches a predetermined level, capping your maximum loss on any given trade. Stop losses are a cornerstone of responsible risk management and are available on all FXTM account types.

Limit Orders

FXTM supports limit orders, allowing traders to enter or exit positions at a specified price rather than the current market price. Limit orders are useful for:

• Entering trades at better prices than currently available
• Taking profits at a predefined target level without manual intervention
• Avoiding slippage on entry in fast-moving markets

Trailing Stop Loss

FXTM supports trailing stop losses, an advanced order type that follows the market price at a fixed distance as it moves in your favour. If the market reverses, the trailing stop converts into a market order once the trailing distance is breached, locking in profits accumulated during the trade. This is particularly useful for trend-following strategies where you want to maximise profit capture during extended moves.

One-Click Trading

FXTM supports one-click trading, enabling traders to execute orders instantly with a single click without passing through a confirmation dialogue. This is particularly valuable for:

• Scalpers who need near-instant execution
• Day traders entering and exiting multiple positions throughout a session
• Traders in fast-moving markets where a delay of even a few seconds can change the outcome

Expert Advisors (EAs) / Automated Trading

FXTM fully supports Expert Advisors (EAs) through the MetaTrader platform. EAs are automated trading programs written in MQL4 (for MT4) or MQL5 (for MT5) that can:

• Scan markets for entry and exit signals
• Execute trades automatically without manual input
• Manage open positions (moving stop losses, taking partial profits)
• Run 24/7 even when the trader is not at the computer

FXTM’s support for EAs opens the door to a global community of algorithmic trading tools, from freely shared systems on MQL5.community to commercially developed robots.

Scalping

FXTM allows scalping. Scalping is a high-frequency trading strategy that involves opening and closing multiple positions within very short timeframes (sometimes seconds or minutes) to accumulate small, incremental gains. FXTM’s competitive EUR/USD spread of 0.1 pips makes scalping economically viable on its tighter-spread account types. Not all brokers explicitly permit scalping, so this is a notable advantage for active traders.

Hedging

FXTM allows hedging. Hedging involves simultaneously holding long and short positions on the same instrument to reduce net market exposure. This is possible within MetaTrader’s account structure. Note that hedging is prohibited on US-regulated brokers under FIFO (first-in, first-out) rules, but FXTM’s FCA and CySEC regulated entities permit it.

Price Alerts

FXTM supports price alerts, allowing traders to set notifications that trigger when a market reaches a specific price level. Price alerts can be delivered via push notifications on mobile or email, keeping traders informed of key price movements without needing to monitor charts continuously.

VPS (Virtual Private Server)

FXTM does not offer a VPS service. A broker-hosted VPS allows EA traders to run their automated strategies on a server located close to the broker’s execution servers, reducing latency and ensuring 24/7 uptime even if the trader’s own computer is off. The absence of this feature is a disadvantage for heavy EA users.

FXTM Pros and Cons

Pros

• Dual regulation by FCA (UK) and CySEC (EU/Cyprus), both with client fund segregation
• Extremely tight EUR/USD spreads (0.1 pips) on competitive accounts
• Full MetaTrader 4 and MetaTrader 5 support including EA compatibility
• No deposit or withdrawal fees
• No inactivity fee
• Scalping and hedging permitted
• Islamic (swap-free) account available
• Zero spread account option for forex pairs
• Micro account available for beginners with small capital
• Free demo account with realistic market conditions
• Mobile trading app for iOS and Android

Cons

• Pure market maker execution — no STP, ECN, or DMA options (execution score: 1/10)
• No cryptocurrency trading — not even Bitcoin or Ethereum CFDs
• No TradingView integration — a significant gap for chart-focused traders
• No cTrader platform — ECN-style execution transparency not available
• No copy/signal trading — limits the platform’s appeal for passive investors
• No ETF trading
• No ASIC regulation — limiting appeal to Australian traders
• No VPS service — disadvantages EA-dependent traders
• No API trading access
• No PayPal, Bitcoin, or AMEX deposit options
• Oil spreads (0.09) are much wider than competitors

FXTM vs. Pepperstone vs. AvaTrade: How Does It Compare? {#fxtm-vs-pepperstone-vs-avatrade}

Understanding how FXTM stacks up against two of the highest-rated brokers on CompareBroker helps contextualise its strengths and weaknesses.

FXTM’s 54/100 total score reflects a broker with strong regulatory foundations and excellent trading feature support, but hampered by its market-maker-only execution model, narrow product range, and absence of key platforms like TradingView and cTrader.

Visit Pepperstone | Visit AvaTrade | Visit FXTM

Who Is FXTM Best Suited For?

FXTM is most appropriate for the following trader profiles:

Beginner Forex Traders: The micro account with a low minimum deposit, demo account access, and full MetaTrader support make FXTM an accessible starting point for new traders. The absence of an inactivity fee also means there is no penalty for slow starts.

EUR/USD and Major Pair Traders: FXTM’s 0.1 pip EUR/USD spread is genuinely competitive and benefits traders who focus primarily on major forex pairs.

MetaTrader EA Developers and Users: FXTM’s full support for MT4 and MT5, including EA and automated strategy execution, makes it a strong choice for algorithmic traders.

Scalpers: The tight spreads on major pairs and explicit permission to scalp make FXTM viable for high-frequency, short-timeframe strategies.

Muslim Traders: The availability of an Islamic swap-free account is an important feature for traders who require Sharia-compliant trading conditions.

FXTM is not ideal for:

• Traders who prioritise transparent ECN/STP execution
• Cryptocurrency traders
• Traders who use TradingView as their primary charting platform
• Australian traders (no ASIC regulation)
• Traders requiring copy trading, managed accounts, or API access

Final Verdict

FXTM scores 54 out of 100 in our comprehensive broker review framework. It is a legitimately regulated, trustworthy broker with strong client fund protections under the FCA and CySEC, and it excels in trading features, offering a full suite of risk management tools, automated trading support, and flexible account options.

However, its score is held back significantly by its market-maker-only execution model, limited product range (no crypto, no ETFs, no spread betting), and the absence of TradingView and cTrader — platforms that have become baseline expectations for many retail traders in 2025.

For traders who are comfortable with a market-maker model and primarily want to trade major forex pairs via MetaTrader with tight spreads and no extraneous fees, FXTM delivers a competent and regulated experience. For traders who demand execution transparency, broader market access, or cutting-edge platform options, alternatives such as Pepperstone or AvaTrade may be more appropriate.

Compare FXTM with other brokers using our broker comparison tool →

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This review is for informational purposes only and does not constitute financial advice.

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