FXTM Review

FXTM is among the most popular trading platforms for forex and CFDs with their wide range of account types and platforms in addition to manual and automated trading facilities that would suit most traders.To get more news about fxtm review, you can visit wikifx.com official website.

However, FXTM are widely considered to be an expensive option for trading CFDs which I have given further consideration to. There is a lot of conflicting information out with regard to this broker and I have therefore endeavoured to fact-check some of the published details in order to ensure that this is as accurate and unbiased a review as I can achieve.

Certainly, my findings revealed that FXTM are more competitive for trading CFDs and forex than eToro or Saxo Bank, which would place them as a competitive broker when it comes to fees, however, this would largely depend on the account type you select.

I have also given consideration to the number of instruments available to trade which I found to be quite average when compared to similar brokers.

Read my full FXTM review to discover why more than 4 million traders worldwide trust this broker for all their trading needs.
Who are FXTM?
FXTM are a global online trading broker offering forex and CFDs across more than 1000 instruments. They offer top-tier regulation on the popular MetaTrader 4 platform.

Who owns FXTM?
FXTM was co-founded in 2011 by Andrey Dashin and Olga Rybalkina with a headquarter in Mauritius. Today, there is very little information with regard to the ownership of FXTM and my attempts to secure this information with their customer support proved unfruitful.
Forex
At FXTM clients can trade forex 24/5 on the most popular major, minor, and exotic currency pairs with a larger range available than you would find at other brokers. Typically users can enjoy zero spreads when trading major FX pairs from the Advantage Account and commissions that start from $0.40c – $2 p/l.

Metals
Metals are available as spot trading against major currencies with spreads as low as 0.0 on AUSUSD when using the Advantage Account. There is an average selection available when compared to other brokers.
Micro Account
This has been developed with beginners in mind and comes with a low minimum deposit of £50. As with all the accounts available to UK residents, this can only be accessed using the MT4 platform and from here traders can only access FX and CFDs on metals.

This account allows for commission-free trading but you will be subject to a tight spread when trading on this account.

Advantage Account
This trading account has been designed for retail traders with some trading experience. There is a commission on this account from $0.4 to $2 but spreads are very tight when compared to other brokers, starting at 0.0 on the EUR/USD.

The minimum deposit on this account is higher at £500, although this is still fairly standard among brokers. The instruments you can trade are unlimited and therefore includes
Advantage Plus Account
This is FXTM’s commission-free account however spreads will start at 1.50 pips on the EUR/USD which is somewhat hefty. There is a minimum deposit of £500 and you can access all the same instruments available on the regular Advantage Account.

Again, UK residents can only access this account on the MetaTrader 4 platform.

FXTM Pro Account
In order to access the pro account you need to maintain a minimum account balance of £25,000 with a minimum portfolio of 500,000 EUR, however, you will enjoy spreads from 0 pips and flexible leverage. Professional traders will waive their FSCS protection and clients must have at least one year of professional experience in the financial sector and have traded a significant amount of CFDs in the last 4 quarters.