FXTM
Quick Verdict
Plagued by an identical, highly concerning 2.7 Trustpilot score, FXTM's high operational friction — including $10 monthly inactivity fees and proprietary percentage-based withdrawal cuts on e-wallets — creates a hostile environment where the broker actively erodes idle client capital. The restricted asset breadth and reliance on offshore structures without compensating technological superiority make it highly uncompetitive against Tier A alternatives.
Pros
- • Localized customer support
- • Extensive educational webinars
Cons
- • Proprietary withdrawal percentage fees
- • Limited range of financial instruments
Regulatory Status & Safety
Launched in 2011, FXTM is heavily targeted toward emerging markets across Asia and Africa. It holds Tier-1 authorization from the FCA (United Kingdom) and CySEC (Cyprus), while extending its offshore reach via the FSCA (South Africa) and the FSC (Mauritius). Client funds are kept in top-tier banks, and negative balance protection is universally applied across retail accounts to prevent catastrophic debt accumulation. The WikiFX status reflects legitimate Tier-1 backing but flags regional complaint volumes.
Trading Conditions
| Execution Model | STP / ECN (scaling depending on account tier selected) |
| Spreads (EUR/USD) | Advantage Account: from 0.0 pips; Micro/Advantage Plus: from 1.5 pips |
| Commission Structure | Advantage Account: variable commission averaging $4 to $7 round trip per lot |
| Swap / Islamic Accounts | Islamic accounts are actively supported and marketed |
| Min. Deposit & Leverage | $10 · 1:2000 |
User Reviews & Public Reputation
Despite its robust regulatory umbrella, FXTM suffers from notably poor sentiment on aggregated review sites, maintaining a Trustpilot rating of just 2.7 out of 5 based on over 1,000 verified reviews. Positive remarks center on localized customer support, extensive educational webinars, and low entry barriers via its Micro accounts. The low aggregate score is heavily driven by complaints regarding wide standard spreads, restrictive withdrawal processes (with some e-wallet methods incurring high internal fees), and aggressive telemarketing tactics from account managers.
Deposits, Withdrawals & Fees
Funding options are extensive, supporting Skrill, Neteller, Crypto, and Bank Wire. Withdrawal friction is a known and highly documented systemic issue: depending on the method, FXTM levies proprietary withdrawal fees (e.g. specific percentage cuts on e-wallet extractions), and the broker imposes a $10 monthly inactivity fee after a period of dormancy.
Red Flags & Controversies
The 2.7 Trustpilot score serves as a primary reputational red flag, indicating systemic friction in daily retail operations. While no massive, catastrophic regulatory fines are publicly current against the primary entity, the high non-trading fees, withdrawal markups, and narrow asset selection make it highly uncompetitive when compared with Tier A alternatives.
Safety & Regulation
Platforms & Funding
Trading Platforms
Funding Methods
Questions about FXTM?
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Get in TouchFrequently Asked Questions about FXTM
What is the minimum deposit to open an account with FXTM?
FXTM's minimum deposit is $10. Minimums can vary by account type, so confirm the exact figure for the specific account you're opening on FXTM's own site before funding.
How does leverage work at FXTM?
FXTM offers leverage up to 1:2000. Leverage lets you control a larger position than your deposit alone would allow, but it magnifies losses as well as gains — higher leverage means a smaller adverse price move can wipe out a larger share of your margin. See our full guide to leverage and margin for how this actually plays out.
Is FXTM a regulated broker?
Yes — FXTM is regulated by FCA, CySEC, FSCA, FSC. Always verify the current license status directly on the relevant regulator's public register before depositing, since broker licensing can change.
What trading platforms does FXTM support?
FXTM supports MT4, MT5, FXTM App.
What are FXTM's typical spreads?
Advantage Account: from 0.0 pips; Micro/Advantage Plus: from 1.5 pips
What is FXTM's Trustpilot rating?
FXTM has a Trustpilot score of 2.7 out of 5 from 1,000+ reviews at the time of our research. Trustpilot scores change over time — check the live page for the current figure.
Does FXTM accept cryptocurrency deposits?
Yes — based on our research, FXTM accepts cryptocurrency as a funding method.
What is a pip, and how does it affect trading costs at FXTM?
A pip is typically the smallest standard price move in a currency pair — usually the fourth decimal place (0.0001). With FXTM's spreads from 0.0 Pips, that cost is deducted the moment you open a trade, before it's moved in your favor at all. See our full guide to pips and spreads for the mechanics.