Trading Forex Platform FXTM: Most Affordable Forex Broker

As you probably know, it takes a trained eye to alert a legitimate forex trader to a scam. Well, we have been around for a while, and by leveraging our in-depth knowledge and experience in this field, we have compiled a list of the best forex traders.

Now, the best way to make the most of this platform is to understand your type of trader. Once you know where your interests are and how much money you have, you will be better able to choose the trading platform that is right for you.

So, ask yourself the following questions to help you decide which forex trader you should turn to. Is this your first time, or are you a veteran trader? Beginner traders are best suited for forex brokers with an easy-to-use platform and rich educational resources.

The forex trader you choose will also be determined by the amount you have to invest. If you have no money, you will need a trader who does not require a minimum deposit. In general, you need to find a merchant with fees and charges you can manage - the lower, the better.

If your tastes go beyond forex, the traders in our review today also offer other financial instruments. Therefore, you can choose the one that suits you best.

FXTM: Most Affordable Forex Broker

FXTM: Most Affordable Forex Broker

Brand Overview

FXTM is still relatively young, having only been established in 2011. However, this is what makes it such an impressive forex broker - it has come a long way in such a short period of time.

FXTM is a household name at the forefront of the online forex trading industry. It caters to a global audience no matter where they are and what their financial dreams are.

During its decade of existence, more than three million clients from nearly 200 countries have traded on the FXTM platform. In addition, the company is regulated in many jurisdictions, which gives clients peace of mind with their money.

You are also pleased to know that FXTM has received over 25 industry awards. These awards are no accident, as they confirm that FXTM serves its clients well through a wide range of financial instruments, account types and resources.


  • Over 2 million traders trust FXTM
  • Highly regulated by top regulators in many jurisdictions
  • Safe trading platform
  • Copy trading feature available
  • Low minimum deposit
  • Fair fees and commissions
  • Inactivity fee is not too high
  • Lots of educational materials
  • More than 25 gifts


  • Only MetaTrader 4 available - MetaTrader 5 not available
  • Limited asset options


Various Tradeable Products: A wide range of tradable products are available at FXTM. 63 currency pairs, 8 commodity pairs and 11 global stock indices. FXTM also allows users to trade cryptocurrencies, although it only lists a few digital currencies - Bitcoin, Ethereum, Litecoin, and Ripple.

Reasonable Fees and Commissions: FXTM charges a reasonable fee for trading services. However, these fees vary depending on the account type you choose. Speaking of account types, FXTM offers two types of accounts: Standard accounts and ECN accounts.

On a standard account, the spread is wider than the industry standard at 1.6 pips for the EUR/USD pair. On the other hand, we have ECN accounts, which are very similar to professional accounts. It has more competitive costs with narrower spreads of 0.1 pips. But don't forget that professional accounts usually come with a commission. For FXTM, this is $2 per lot, which increases trading costs.

As such, spreads can be as tight as 0 pips, but that only comes with ECN Pro accounts aimed at experienced players. In addition, you need a minimum deposit of $25,000 to open an ECN Pro account. Furthermore, inactivity fees at FXTM after six months of inactivity start at $5 per month.

MetaTrader 4: FXTM only offers MetaTrader 4, not MetaTrader 5. But that's all good because MetaTrader 4 is the most used by traders. The platform is compatible with Mac, PC and any smart device, which means you can trade anywhere. And to make it even better, you can download the FXTM app, which works with both iOS and Android devices. The app comes with useful tools such as a pip value calculator, order indicator, and more, which help improve the user experience.

Educational Resources: Whether you are a beginner or experienced, FXTM has enough educational resources to help you on your trading journey. The company also regularly runs webinars, where analysts around the world offer young traders their wealth of experience. It's also a nice touch that webinars come in multiple languages.

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