FBRForex Broker Rating
FX

FXTM Review

Updated regularly · Independent ratings

Overall 4.2
Overall Rating
4.2 / 5
Fees
4.4 / 5
Safety
4.4 / 5
Platforms
4.2 / 5
Education
4.4 / 5
Min. deposit
$200
ForexCFDsPlatforms: FXTM Mobile App, FXTM Web Platform, MetaTrader 4 (MT4), MetaTrader 5 (MT5)Regulators: FCA (United Kingdom), CMA (UAE), FSC (Mauritius), FSC (Bristish Virgin Islands), FSCA (South Africa), CMA (Kenya)

Pros & Cons

Pros

  • Strong regulatory oversight.
  • Trusted broker with millions of users globally.
  • Fast and easy account opening.
  • Wide range of global market access through CFDs.
  • Multiple fast and secure payment methods.
  • Negative balance protection.
  • No deposit or withdrawal fees for most payment methods.
  • Low forex trading fees.
  • User-friendly mobile and web proprietary platforms.
  • Supports MetaTrader 4 and 5 integration.
  • Free demo account available for practice trading.
  • Islamic (swap-free) accounts available.
  • High leverage trading capability.
  • No restrictions on trading strategies.
  • Strong educational content and market research.
  • Good customer support service.

Cons

  • Product offering limited to CFDs.
  • Higher minimum deposit compared to some brokers.
  • Copy trading not available in all regions.
  • Limited account currency options.
  • No TradingView or cTrader integration.
  • Limited research tools.
  • No integrated PAMM trading feature.
  • An inactivity fee of $5 per month after 6 months of account inactivity.
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