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 regulation, ICF compensation up to €20,000.
- FCA (UK) – Tier-1 regulation, FSCS protection up to £85,000.
- FSCA (South Africa) – Local oversight, providing regional trust.
- IFSC (Belize) – International entity for global clients, offering higher leverage.
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.
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 can drop to $0.40 RT per lot, becoming one of the cheapest solutions globally.
- 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
Advantage Account (ECN/Raw)
- 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.
Advantage Plus Account (Standard)
- 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. |
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Disclaimer: The information provided in our rankings is based on real-money testing and verified logs. This is not financial advice. Automated trading involves significant risk of capital loss. Always trade responsibly.
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, providing both MT4/MT5 and an easy-to-use mobile app, making it highly versatile for all trading styles.
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 Should Use FxTM?
- Great fit: ECN traders seeking a cost-effective, low-latency solution (Advantage Account) and global traders requiring strong regulatory coverage across multiple 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 due to its variable, ultra-low commission (as low as $0.40 RT in some tiers), backed by lightning-fast execution speed.
However, FxTM loses points on its fee policy. The fact that withdrawal fees often apply contrasts poorly with truly zero-fee rivals, adding friction and cost to the trading process.