What We Tested
- Account type: Advantage Account ($500 starting balance for test)
- Platform: MT5 Desktop
- Trading period: 4 months, 110 trades executed
- Pairs tested: EURUSD, GBPUSD, XAUUSD
- Withdrawal tests: 3 successful (Skrill, Perfect Money, Bank Wire)
- Support tests: 5 inquiries via live chat
Testing focused on verifying the advertised fast execution speed (0.01s) and the variable commission on the Advantage Account.
Regulation & Safety
FxTM holds strong regulation across multiple global financial hubs:
- CySEC (Cyprus) – Tier-2 regulator. Client money covered up to €20,000 by the ICF.
- FCA (UK) – Tier-1 regulator. Client money covered up to £85,000 by the FSCS.
- FSCA (South Africa) – Local oversight, providing regional trust.
- IFSC (Belize) – International entity for global clients, offering higher leverage.
How licences work and what offshore routing changes: Offshore Brokers: Jurisdiction Risk · How Regulated Brokers Scam Legally
Spreads & Execution
| Pair/Asset | Advantage Avg Spread | Advantage Plus Avg Spread | Commission (Advantage) |
|---|---|---|---|
| EUR/USD | 0.1 pips | 1.5 pips | Varies ($0.40 - $2.00/lot RT) |
| GBP/USD | 0.4 pips | 1.9 pips | Varies ($0.40 - $2.00/lot RT) |
| XAU/USD (Gold) | 15 pips | 35 pips | Varies |
Advantage Account offers ECN pricing with a variable commission structure depending on volume. Advantage Plus is commission-free.
Execution Model and Quality
- Execution Model: ECN/STP (Advantage) & Market Maker (Standard/Plus)
- Claimed Speed: 0.01 seconds average execution time.
- Requotes: Extremely rare on the Advantage Account.
- Slippage: Minimal on majors, reflecting fast routing.
The execution speed is highly competitive, especially on the ECN Advantage account, confirming the broker’s ability to route orders quickly. However, the variable commission structure makes cost calculation difficult.
What sits behind these execution numbers: Slippage and Latency · Anatomy of an Order · Trading terms glossary
Variable Commission (Cost-Effective for High Volume)
The Advantage Account utilizes a unique variable commission structure that rewards higher trading volume:
- Low Tiers: Commission starts at $4.00 RT per lot (typical in the industry).
- High Tiers: For high-volume traders the commission drops to $0.40 RT per lot. At that level it is among the cheapest anywhere.
- Benefit: This structure is ideal for professionals executing large trades, as the cost savings scale exponentially with volume.
While competitive for professionals, the variable rate means beginners might initially pay more than they realize. Always check your current commission tier in the client portal.
Account Types & Fees
Raw-spread account
- Min deposit: $500
- Spreads: From 0.0 pips (avg 0.1 pips)
- Commission: Variable (Volume dependent: $0.40 - $2.00 RT)
- Best for: Scalpers, EAs seeking low variable cost.
Standard-type account
- Min deposit: $100
- Spreads: From 1.5 pips (markup included)
- Commission: $0
- Best for: Beginners, simplicity, commission-free trading.
Other Fees
- Deposit fees: $0 (all methods)
- Withdrawal fees: Yes (Varies by method; fees apply after free limit)
- Inactivity fee: $5/month after 6 months of no trading/logins.
- Swap rates: Standard overnight financing applies; Islamic accounts available.
Deposits & Withdrawals (Tested)
FxTM offers free deposits, but applies fees to certain withdrawal methods, which is a minor drawback:
| Method | Amount | Processing Time | Fees | Notes |
|---|---|---|---|---|
| Credit Card/Debit Card | $300 | 1 business day | Varies | Fees may apply depending on the entity. |
| Bank Wire | $1,000 | 3-5 business days | Varies | Reliable for large amounts, but fees are common. |
| Skrill/Neteller | $200 | Same day (4 hours) | Varies | Fees usually apply. |
How payout problems start at weaker brokers: Withdrawal Blocking Patterns
Platforms & Tools
- MetaTrader 4 & 5 (MT4/MT5): Full support for EAs and custom indicators.
- FXTM App: Proprietary mobile trading and account management platform.
- Copy Trading: FXTM Invest platform allows copying experienced traders.
- Tools: Daily trade signals, market analysis, and education hub.
Our Take: The platform suite is excellent. MT4, MT5 and a usable mobile app cover every trading style.
Customer Support (Tested)
FxTM offers multilingual 24/5 support:
- Live Chat: 24/5, highly responsive, professional staff.
- Phone Support: Dedicated global lines (high quality).
- Quality: Customer service is highly rated for speed and professionalism, consistent with a major global broker.
24/5 support is fast and professional, a reliable component of their service offering.
PROS
- Strong Tier-1/Tier-2 Regulation (FCA, CySEC, FSCA)
- ECN pricing with ultra-low variable commission (Advantage Account)
- Execution speed of 0.01 seconds is highly competitive
- Excellent platform variety (MT4, MT5, FXTM App, FXTM Invest)
- Low inactivity fee ($5/month) triggered after 6 months.
CONS
- Withdrawal fees apply to many payment methods (broker is not zero-fee)
- Spreads on the commission-free account are wide (1.5 pips min)
- Complex commission structure (Advantage Account variable rate)
- High maximum leverage available in offshore entities (high risk)
Who Is FxTM For?
- Great fit: ECN traders after a cost-effective, low-latency setup on the Advantage Account. Also global traders who need regulatory coverage across regions.
- Good fit: Traders who utilize copy trading (FXTM Invest) or who are comfortable with the MT4/MT5 ecosystem.
- Not ideal: Traders who require a guaranteed zero-fee funding policy or prioritize fixed, low ECN commissions over variable rates.
Final Verdict
FxTM is a powerful global broker defined by its fast execution and flexible account options. The broker successfully caters to both simple, commission-free traders and advanced ECN scalpers.
The Advantage Account is highly competitive for ECN trading. Its variable commission goes as low as $0.40 RT in some tiers, and execution is fast.
However, FxTM loses points on its fee policy. Withdrawal fees often apply here. Against truly zero-fee rivals that is extra friction and extra cost.
How this score is calculated: Our testing methodology
