Review Methodology Affiliate Disclosure

FXTM Review 2026

Name: FXTM Broker Review 2026: Is FXTM a Good Broker? Fees & Withdrawal
Uploaded: 2026-10-24T11:34:43-07:00
Duration: 5 min 1 s
Description: FXTM (Exinity) offers five account types, from a $30 cent account to real US shares from $200, with leverage up to 1:5000 on Rewards accounts and verification that usually takes about ten minutes. It is regulated by the FSC Mauritius and the FSCA, and charges $10 a month after three months without trading.

4.25/5 FX Recap score

Facts checked against fxtm.com on 2 October 2026

Visit FXTMVery goodLicences: FSC Mauritius, FSCA +1

Ad High risk: most retail CFD accounts lose money. We never tell you to trade, so read FXTM's disclosures first. Our promise

FXTM (Exinity) offers five account types, from a $30 cent account to real US shares from $200, with leverage up to 1:5000 on Rewards accounts and verification that usually takes about ten minutes. It is regulated by the FSC Mauritius and the FSCA, and charges $10 a month after three months without trading.

Guides16

Is FXTM Safe? Exinity's Licences and Which One Covers You FXTM Minimum Deposit: From $30 on Micro to $500 on Advantage FXTM Account Types: Micro, Rewards Plus, Rewards, Advantage and Stocks How to Open an FXTM Account: Registration, Verification and First Trade FXTM Demo Account: Virtual Funds, the 14-Day Rule and Limits FXTM Micro Account: Cent Trading From $30, Markets and Limits FXTM Islamic Account: Swap-Free Days, How to Turn It On and the Limits FXTM Withdrawal: Fees, Processing Times and the Closed-Loop Rule FXTM Fees: Spreads, Advantage Commission, Swaps and Inactivity FXTM Leverage: Up to 1:5000, Floating Tiers and DMR Limits FXTM Stop Out and Margin Call: 50/20 on Rewards, 80/50 on Advantage FXTM Bonus: Welcome Offers, FXTM Rewards Points and the Conditions FXTM Crypto Trading: CFDs, Weekend Hours, Leverage and Commission FXTM Stock Trading: Real US Shares or Stock CFDs FXTM Platforms: MT4, MT5, the FXTM App and Web Trading FXTM Customer Support: Live Chat, Phone, Hours and Getting Help Fast

Offers3

FXTM Welcome Bonus: 100% Up to $500 (Code HELLOFXTM)FXTM Rewards: Tiers, Reward Points and Cash Value FXTM Refer a Friend: Earn Up to $100 per Friend

Tap a face for rolesOur methodology →

An FX Recap team effort, from Abir Khan to Ranjan N. Mondol

FXTM at a glance

Source: fxtm.com and the FXTM Help Centre, checked 2 October 2026

Licences	FSC Mauritius C113012295 and FSCA FSP 50320 (Exinity Limited) · CMA Kenya 135 · UAE CMA 20200000270 (promotion only)
Minimum deposit	$30 Micro · $100 Rewards Plus · $200 Rewards and Advantage Stocks · $500 Advantage
EUR/USD spread	From 1.7 pips (Micro) · 1.5 (Rewards Plus) · 0.9 (Rewards) · 0.0 (Advantage)
Commission	None except Advantage: $3.50 per side on forex
Maximum leverage	1:5000 on Rewards and Rewards Plus · 1:3000 Advantage · 1:1000 Micro · 1:400 in Kenya
Platforms	MT4, MT5, FXTM app, web trading
Fees to watch	$10 a month after 3 months without trading · card $3 and wire $30 withdrawal fees
Support	Live chat, phone, contact form and messaging apps; weekday and weekend hours
Not accepted	Residents of the US, UK, India, Canada, Japan, Mauritius and others

Can I open an FXTM account from my country?

Is it legal for me to trade with this broker?

Two things decide whether you can trade: the broker must accept your country, and your own country's law must allow you to trade with a foreign broker. A broker accepting you does not make it legal where you live, so check both.

Your country

Quebec and occupied Cyprus are also excluded.

FXTM pros and cons

What traders get

Micro cent account from $30
Real US shares (350+) from $200 on Advantage Stocks
Verification usually done automatically in about 10 minutes
Free withdrawals by Skrill, Neteller and crypto
Rewards programme with points convertible to cash
Positive slippage passed on to clients

What to watch

FSC Mauritius and FSCA only; no top-tier licence for international clients
$10 a month after 3 months without trading
$3 card and $30 bank wire withdrawal fees
A 3% fee if you withdraw without trading since your last deposit
No swap-free on Micro
Not open to the UK, the US, India or Canada

How FXTM's 4.25 score is built

Our methodology →

Ten parameters, weighted the same way for every broker. The share shows how much each one counts towards the score; the label is what we found for FXTM.

Regulation & safety20% of scoreMixedFSC Mauritius and FSCA licences; Kenya's company is a CMA-licensed non-dealing broker.
User satisfaction15% of scoreNeeds dataNeeds real trader reviews. Our review box opened in October 2026.
Commissions & fees13% of scoreMixedNo deposit fees, but withdrawal fees on cards and wires and a $10 inactivity fee.
Platforms & tools12.5% of scoreStrengthMT4, MT5, the FXTM app and web trading, with Trading Central and FX Blue.
Deposit & withdrawal10% of scoreStrengthReleased within 24 business hours; e-wallets instant, crypto within 30 minutes.
Account types9% of scoreStrengthMicro, Rewards Plus, Rewards, Advantage and Advantage Stocks.
Account opening8% of scoreStrengthAutomated checks, usually within 10 minutes and at most 24 hours.
Trading instruments7% of scoreStrengthForex, metals, energies, indices, crypto, 600+ stock CFDs and real US shares.
Mobile apps3% of scoreStrengthFXTM app for Android and iOS.
Customer support2.5% of scoreMixedLive chat and phone, with shorter hours at weekends.

Is FXTM safe? It depends on where you live

What does a regulator actually do?

A regulator licenses brokers and supervises how they treat clients. Top-tier regulators such as the FCA (UK), ASIC (Australia) and CySEC (EU) set strict rules on client money, leverage and complaints; offshore regulators set lighter ones. Most brokers run several companies, and the one named in your client agreement decides which rules protect you. Negative balance protection means you cannot lose more than the money in your account.

FXTM is a brand of the Exinity group. The company you join depends on where you live. Pick your region:

Company: Exinity Limited
Regulator: FSC Mauritius and FSCA (South Africa)
Licence: C113012295 · FSP 50320
Leverage: Up to 1:5000 on Rewards accounts

Client funds segregated in top-tier banks
Positive slippage passed on to clients

FXTM says it has more than 1 million clients in 150+ countries. Check the company named in your client agreement on the regulator's own register.

Is FXTM regulated? Full check →

How to open an FXTM account

What is KYC verification?

Before you can trade or withdraw, a broker must check who you are. This is called KYC, short for "know your customer". You usually upload a photo ID and a recent bill or bank statement showing your address. Practise on a demo account with virtual money before you deposit real money.

RegisterGive your country of residence, email and a password, then confirm a 4-digit email code. You must be 18 or over.
VerifyUpload a passport, national ID, driving licence or residence permit, plus proof of residence from the last 3 months. Usually done in 10 minutes, at most 24 hours.
FundDeposit once verified: cards, wires, Skrill, Neteller, local methods or 50+ cryptocurrencies. No FXTM deposit fee.
TradeOpen up to 10 live accounts per profile on MT4, MT5 or the FXTM app.

Proof of residence can be in a family member's or landlord's name if that is stated. Five wrong passwords lock the profile for 24 hours, and changing your password pauses withdrawals for 4 hours.

Step-by-step account guide →

Related guidesFXTM Demo Account

FXTM fees: what one trade costs

What are spreads and pips?

The spread is the gap between the buy and sell price, and it is the main cost on accounts without commission. A pip is the fourth decimal on most currency pairs (0.0001); on one standard lot of EUR/USD, 1 pip is worth about $10. Raw and ECN accounts have tighter spreads but add a fixed commission per lot, so always compare the total cost.

Micro and the Rewards accounts put the cost in the spread. Advantage starts from 0.0 pips and charges a commission. The fees to plan for are on withdrawals and on idle accounts.

Cost	What FXTM charges
Advantage commission	Forex $3.50 per side ($7 a round turn); metals $25 per million; crypto 0.03%; stock CFDs $0.02 per side per lot
Deposits	No FXTM fee; crypto deposits under $30 pay $3
Withdrawals	Skrill, Neteller and crypto free · cards $3 · bank wire $30 · 3% if you have not traded since your last deposit
Inactivity	$10 a month after 3 months without trading
Overnight swap	Triple on the Wednesday-to-Thursday rollover for forex and metals; CFDs on Friday-to-Monday

Every FXTM cost explained →

EUR/USD cost per lot at the brokers we review

Broker	Spread	Commission	Per lot
RoboForexECN	0.0 pipsfrom+ $20 per $1M (≈ $4.34 a lot)	$20 per $1M (≈ $4.34 a lot)	$4.34
Fusion MarketsZero	0.01 pipsaverage+ $2.25 a side	$2.25 a side	$4.60
LiteFinanceECN	0.0 pipsfrom+ $5 a lot	$5 a lot	$5.00
TickmillRaw	0.0 pipsfrom+ $3 a side	$3 a side	$6.00
VantageRaw ECN	0.0 pipsfrom+ $3 a side	$3 a side	$6.00
Elev8Standard	0.6 pipsfromno commission	None (in the spread)	$6.00
ExnessRaw Spread	0.0 pipsfrom+ Up to $3.50 a side	Up to $3.50 a side	up to $7.00
FP MarketsRaw	0.1 pipsaverage+ $3 a side	$3 a side	$7.00
FXTMAdvantage	0.0 pipsfrom+ $3.50 a side	$3.50 a side	$7.00
IUXRaw	0.0 pipsfrom+ $7 a lot	$7 a lot	$7.00
PepperstoneRazor	0.0 pipsfrom+ $3.50 a side	$3.50 a side	$7.00
XMUltra Low	0.8 pipsfromno commission	None	$8.00
IC MarketsRaw Spread	0.1 pipsaverage+ $3.50 a side	$3.50 a side	$8.00
AvaTradeStandard	0.8 pipstypicalno commission	None	$8.00

One standard lot (100,000 units) opened and closed, using each broker's cheapest published EUR/USD pricing: spread × $10 plus the round-turn commission. "From" spreads are best-case, so live costs at those brokers are usually higher than shown; "average" and "typical" are the brokers' own published averages. Swaps are not included. Sources: each broker's own site, checked between 30 September and 19 October 2026.

FXTM swaps and the Islamic account

What is a swap fee?

A swap is interest you pay or earn when you keep a trade open past the daily rollover, because a currency trade borrows one currency to buy another. Many brokers charge three days on Wednesday to cover the weekend. An Islamic or swap-free account removes this interest, sometimes with a fixed admin fee instead.

How to switch	Profile › General Settings › Trading › Swaps, with no open positions. It applies to every account in the profile and can change once per 24 hours.
Swap-free days	Forex majors, minors and metals: 3 days (7 from the Gold tier); top 5 indices 7 days; stock CFDs 3 days.
Not available	On Micro accounts.
Triple swap	Wednesday to Thursday for forex and metals; USD/CAD, USD/TRY and EUR/TRY on Thursday to Friday.

FXTM Islamic account explained →

FXTM account types

What is a lot, and what is a cent account?

A standard lot is 100,000 units of currency, a mini lot 10,000 and a micro lot 1,000. A cent account shows your balance in cents, so you can trade very small sizes while you learn. Standard accounts usually cost more in spread; raw accounts cost less in spread but charge commission.

Micro

$30

Cent account (USC, EUC, AEC)
From 1.7 pips, no commission
MT4, up to 1:1000
No swap-free

Rewards Plus

$100

From 1.5 pips, no commission
MT4 and MT5
Up to 1:5000
Up to 3× rewards

Rewards

$200

From 0.9 pips, no commission
MT4 and MT5
Up to 1:5000
Up to 2× rewards

Raw pricing

Advantage

$500

From 0.0 pips
$3.50 per side on forex
Up to 1:3000
Stop out 50%

Advantage Stocks

$200

350+ real US shares
From 4 cents, no commission
MT5, 1:1 (no shorts)
30% US dividend tax

Margin call and stop out are 50% and 20% on Micro and the Rewards accounts, and 80% and 50% on Advantage. Leverage can only be changed with no positions open.

FXTM account types compared →

FXTM floating leverage

How do leverage, margin call and stop out work?

Leverage lets you open a bigger position with less money: at 1:100, $100 controls $10,000. It multiplies losses exactly as much as profits. Margin is the money held to keep a trade open; at the margin call level you are warned, and at the stop out level the broker starts closing your trades. Most beginners are safer with low leverage.

How it works	Leverage floats with the size of your position: the bigger the notional, the lower the leverage.
Maximums	1:5000 on Rewards and Rewards Plus · 1:3000 Advantage · 1:1000 Micro · 1:400 in Kenya
Bitcoin and Ether	1:1000 up to $5,000 · 1:500 to $10,000 · 1:100 to $50,000 · 1:10 to $200,000 · 1:1 above
Around news	1:200 on new positions from 12 minutes before to 2 minutes after high-impact news, and lower before the daily break and the Friday close

FXTM says the leverage offered to you also depends on your knowledge and experience.

How FXTM leverage works →

Related guidesFXTM Stop Out and Margin Call

FXTM trading platforms

MT4, MT5 or cTrader: what is the difference?

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the most widely used trading platforms; MT5 is newer, with more markets and tools. cTrader and TradingView are popular for their charts. Expert advisors (EAs) are programs that trade automatically on MetaTrader.

MT4

30 indicators; expert advisors on desktop.

MT5

80+ indicators; all account types including Advantage Stocks.

FXTM app

Android and iOS.

Web trading

trade.fxtm.com in the browser.

Pro Trading Tools include Trading Central and FX Blue. Server time is GMT+2 (GMT+3 in summer). MT5 trailing stops stop when the terminal is offline.

FXTM platforms compared →

What you can trade at FXTM

FXTM accounts, stocks and crypto pages, checked 2 October 2026

What is a CFD?

Most of what brokers offer are CFDs (contracts for difference): you trade the price of gold, an index, a share or a coin without owning it. Spreads differ from market to market and usually widen around big news and when markets open.

Market	What is offered	Max leverage
Forex	Majors, minors and exotics	Up to 1:5000
Crypto CFDsBTC · ETH · LTC · XRP · ADA · SOL	7 days a week, with short breaks	Up to 1:1000
Stock CFDs	600+, with extended hours on 7 big US names	Up to 1:25
Real US sharesAdvantage Stocks	350+ shares, owned 1:1	1:1

US stock CFDs trade 16:30–23:00 server time. Crypto is not offered to Kenyan residents. The demo account does not include stock CFDs.

Trading stocks with FXTM →

Related guidesFXTM Crypto Trading

FXTM execution, scalping and expert advisors

What is slippage?

Market execution fills your order at the best price available, which can be slightly different from the price you clicked; that difference is called slippage. Scalping means holding trades for seconds or minutes. A VPS is a remote computer that keeps your platform and EAs running when your own computer is off.

Execution	Market execution with no requotes; FXTM reports a 99% fill rate.
Speed	FXTM gives an average under 50 ms on one page and 0.082 s on its account pages. These are FXTM's figures; we have not tested them.
Slippage	Positive slippage is passed on to you.
Expert advisors	Desktop MT4 and MT5 only. VPS is available.

FXTM deposits and withdrawals

Why does my money go back to the same card or wallet?

To stop money laundering, brokers usually send withdrawals back to the card, bank or wallet you deposited from, and only to an account in your own name. You must be verified to withdraw, and your bank or payment provider can add its own time and fees.

DepositAfter verification, by card, wire, Skrill, Neteller, local methods or 50+ cryptocurrencies.
RequestReleased within 24 business hours (back office Monday–Friday 06:00–20:00 and Sunday 09:00–18:00, GMT+2).
ArrivesE-wallets instantly, crypto within 30 minutes, wires in 1 business day, cards in 3–5.

Card and crypto deposits go back to their source first; profits can go to any method in your name. Your first withdrawal to a new crypto wallet needs a confirmation phone call. A 5-digit security code protects withdrawals.

FXTM withdrawals explained →

Related guidesFXTM Minimum Deposit

FXTM bonuses and promotions

Can I withdraw a deposit bonus?

A deposit bonus is usually trading credit, not cash. It adds margin to your account, but you cannot withdraw it, only the profits you make, and often only after trading a set volume. Read the terms before you accept one.

Offer	What you get
FXTM Welcome Bonus →	FXTM matches your first deposit 100%, up to $500, paid as Reward Points you unlock by trading.
FXTM Rewards →	FXTM Rewards pays Tier Points and Reward Points on qualifying trades.
FXTM Refer a Friend →	FXTM pays up to 50,000 Reward Points, worth $100, for every friend you refer: 5,000 points for each 2,000 Tier Points they trade.

The Welcome Trading Credit (code FXTM500) is a 100% credit up to $500 for 30 days; it cannot be withdrawn and a withdrawal removes it. FXTM Rewards points convert at 500 points to $1 and expire after 3 months.

Related guidesFXTM Bonus

FXTM customer support

Hours	Monday–Friday 03:00–20:00 UTC, Saturday–Sunday 07:00–11:00 UTC (FXTM's contact page)
Channels	Live chat, phone, contact form (reply within 24 hours), Telegram, WhatsApp and WeChat
Phone	+44 20 3734 1025

FXTM support guide →

How we checked this review

Last checked 2 October 2026

Checked the verification records in our own FXTM account on 20 October 2026.
Read fxtm.com and more than 90 FXTM Help Centre articles on 2 October 2026.
Where FXTM's own pages disagree with each other, we left the point out.
Every figure comes from FXTM's own pages or a regulator, not from third-party sites.
Scored on the same ten weighted parameters we use for every broker (our methodology).

Tested byRanjan N. MondolForex Trader

Fact-checked byJannatul FerdaushFact-Checker & Risk Analyst

Approved byRanjan N. MondolForex Trader

Our hands-on test with FXTM

Test	Date	Result
Account opening and verification	20 Apr 2026	We opened the account, uploaded a national ID card, a utility bill as proof of address and our bank details, and had identity and address verified, all on the same day. FXTM's My documents page shows both documents verified on 20 April 2026.

FXTM identity document (ID card) verified on 20 Apr 2026.

FXTM proof of residence (utility bill), uploaded and verified on the day we opened the account.

Tested and verified by Ranjan N. Mondol (Forex Trader) on Ranjan's own FXTM account. Account numbers are blurred in screenshots, and we never publish an account's profit or loss.

FXTM compared with similar brokers

	FXTM	XM	Exness	AvaTrade
FX Recap score	4.25/5	4.75/5	4.75/5	4.5/5
Minimum deposit	$30 (Micro)	$5	$10	$100
Spread from	0.0 pips	0.8 pips	0.0 pips	0.8 pips
Max leverage	1:5000	1:1000	Unlimited*	1:400
Best for	High leverage and a $30 micro account	Small first deposits and beginners	High leverage and fast withdrawals	Broad regulation and copy trading
		FXTM vs XM →	FXTM vs Exness →	FXTM vs AvaTrade →

Our verdict on FXTM

FXTM covers a wide range of traders in one profile: a $30 cent account, three Rewards and Advantage accounts with leverage up to 1:5000, and real US shares from $200, all behind verification that usually takes about ten minutes. Watch the costs that sit outside trading: $3 card and $30 wire withdrawals, a 3% charge if you withdraw without trading, and $10 a month on idle accounts. Its licences are from Mauritius and South Africa, not a top-tier regulator.

Visit FXTM Is FXTM safe? Full check

We never tell you to trade, so read FXTM's disclosures first. Our promise

FXTM trader reviews

What traders say about FXTM in their own words. These ratings are separate from FX Recap's own score of 4.25, which comes from our review.

0.0

No trader reviews yetBe the first to tell other traders what FXTM is really like.

Traded with FXTM?

About two minutes. We read every review before it is published.

For UK readers

FXTM's main company, Exinity Limited, does not serve UK residents, so UK traders cannot open an account.

Using an offshore broker from the UK →FCA-regulated brokers for UK traders →

FXTM questions traders ask

Is FXTM regulated?

Yes. Exinity Limited, FXTM's main company, holds an FSC Mauritius Investment Dealer licence (C113012295) and is an FSCA-licensed OTC derivative provider (FSP 50320). Its Kenyan company is licensed by the CMA (135).

What is the FXTM minimum deposit?

$30 on Micro, $100 on Rewards Plus, $200 on Rewards and Advantage Stocks, and $500 on Advantage.

Does FXTM charge withdrawal fees?

Skrill, Neteller and crypto withdrawals are free. Cards cost $3 and bank wires $30. If you withdraw without trading since your last deposit, FXTM charges 3%.

Why can an FXTM withdrawal be delayed?

FXTM releases withdrawals within 24 business hours, but card and crypto deposits must go back to their source first, a password change pauses withdrawals for 4 hours, and the first withdrawal to a new crypto wallet needs a confirmation phone call. Withdrawing without trading since your last deposit costs 3%.

How long does FXTM verification take?

Usually about 10 minutes through automated checks, and at most 24 hours. You cannot deposit until you are verified.

Does FXTM charge an inactivity fee?

Yes: $10 (or EUR/GBP 10) a month after 3 months without trading.

Can I buy real shares with FXTM?

Yes. The Advantage Stocks account on MT5 holds 350+ real US shares, owned 1:1 with no leverage or shorting, from a $200 deposit.

Can I open an FXTM account from my country?

FXTM does not accept residents of the United States, the United Kingdom, Canada, India, Japan, Russia, Mauritius, Haiti and some other countries it lists. If your country is not on its list, the sign-up form gives the final answer; the country check on this page shows yours.

Review history

20 Oct 2026Hands-on result added from our own FXTM account: opened and verified on the same day.
2 Oct 2026Companies, accounts, fees, payments, leverage and support checked against fxtm.com and the FXTM Help Centre.
20 Apr 2026Review published.