FXTM
Rating: 4 / 5FXTM established itself as a leading broker for emerging and frontier markets. Traders get upgraded MT4/MT5 trading platforms, and quality research and education. Forextime also delivers one of the best commission-based Forex pricing environments. I reviewed this award-winning broker to evaluate if high-frequency traders and scalpers can achieve a competitive edge here. Is the trading environment at FXTM as good as advertised?
FXTM established itself as a leading broker for emerging and frontier markets. Traders get upgraded MT4/MT5 trading platforms, and quality research and education. Forextime also delivers one of the best commission-based Forex pricing environments. I reviewed this award-winning broker to evaluate if high-frequency traders and scalpers can achieve a competitive edge here. Is the trading environment at FXTM as good as advertised?
Broker Details
- Headquarters
- Mauritius
- Established
- 2011
- Min Deposit
- $200
- Execution
- ECN/STP, Market Maker
- Regulators
- CMA (Kenya), FCA, FSC Mauritius, FSCA, SCA
Trading Conditions
- Retail Loss Rate
- 77.00%
- Min Raw Spreads
- 0.0 Pips
- Min Standard Spreads
- 1.5 pips
- Min Forex Commission
- $0.80 - $4.00 per round lot
- Trading Hours
- Currency PairsMonday 00:15 - Friday 23:55CryptocurrenciesMonday 00:00 - Saturday 24:00Crude OilMonday 01:00 - Friday 23:45GoldMonday 01:05 - Friday 23:55MetalsMonday 01:05 - Friday 23:55Equity IndicesMonday 01:05 - Friday 23:55StocksMonday 16:31 - Friday 22:59Stocks (non-CFDs)Monday 16:31 - Friday 22:59
Accounts & Funding
- Funding Methods
- 72
- Deposit Options
- Credit CardsWire TransferNetellerSkrillWebmoneyOther
- Deposit Fees
- No
- Withdrawal Options
- Credit CardsWire TransferNetellerSkrillWebmoneyOther
- Withdrawal Fee
- No
Trading Costs & Spreads
- EUR/USD
- 0.1 pips
- GBP/USD
- 0.2 pips
- Gold
- $0.18
- WTI Crude
- $0.09
- Inactivity Fee
- $5 monthly after 6 months
Platform & Features
- Trading Platforms
- MetaTrader 4, MetaTrader 5, Proprietary platform
Pros
- Excellent commission-based Forex pricing environment and transparency
- Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app
- Quality market research and educational content for beginner traders
- A highly regulated broker with a tier-1 license
Cons
- Limited choice of commodities
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