FXTM
Established: 2011
Headquartered in Mauritius.
Offices: Dubai, London, Hong Kong, Cyprus, Nigeria, Kenya, Mexico, Colombia and Chile
Staff: 500+
Platforms: MetaTrader 4 and MetaTrader 5 for desktop and web. For trading on the go, FXTM Trader mobile app
Instruments: Clients can trade CFDs on forex, commodities, indices, shares, and crypto.
It offers trading in 600+ CFDs on forex, commodities, indices, shares, and cryptocurrencies via MetaTrader platforms and the FXTM Trader App. It also provides 500+ real shares from US exchanges.
FXTM is regulated in multiple jurisdictions, and all client funds are segregated from the firm’s assets and held in top-tier banks. The broker also offers Lloyds of London account insurance.
High-Quality Research: FXTM provides insightful market research from its team of seasoned analysts, along with a range of tools like trading signals from Acuity.
Reliable Support: dependable assistance via live chat. Another bonus is that all FXTM clients are assigned a dedicated account manager. 7 day customer service Languages supported: English, Chinese, Spanish and Arabic
Entities: Exinity UK Ltd, Exinity Capital East Africa, Exinity Limited
FXTM Regulation:
Exinity UK Ltd is authorized and regulated by the Financial Conduct Authority (FCA) with license number 777911.
Exinity Capital East Africa Ltd is regulated by the Capital Markets Authority (CMA) of the Republic of Kenya as a Non-Dealing Online Foreign Exchange Broker with license number 135.
Exinity Limited is regulated by the Financial Services Commission (FSC) of the Republic of Mauritius, license number C113012295.
At FXTM, all client funds are held in segregated accounts away from the company’s funds.
Negative balance protection. This is a guarantee that clients cannot lose more than their account balance, even if the market unexpectedly makes a massive move.
Compensation scheme. A compensation scheme protects client funds in the unlikely event that FXTM becomes insolvent. Exinity Limited provides account insurance of up to $1M (in excess of $20,000) from Lloyds of London.
Maximum leverage. The Exinity Limited entity of FXTM, the maximum leverage is 1:3000. Exinity Capital East Africa Ltd the maximum leverage is 1:400
English, Chinese, Spanish and Arabic
Deposit and Withdrawal
Bank wire, credit card, digital wallet, and local transfer methods. Deposits and withdrawals at FXTM are processed fast.
Account Types
FXTM offers two main account types: Advantage and Advantage Plus. Demo and swap-free Islamic accounts are also available. The account opening process is fully digital and can be completed via the website in less than 10 minutes.
FXTM Account Opening Process
Prospective clients must complete an application with the Exinity Limited entity of FXTM to open an account. They will be asked to provide their gender, date of birth, field of work, citizenship, tax ID, address, and source of funds.
FXTM Account Types
The table below breaks down the key features of the two main account types: Advantage and Advantage Plus.
| Account Type | Advantage |
| Trading Platform | MT4, MT5. Mobile Trading(MT4/MT5) |
| Minimum Deposit | 200 |
| Max Leverage | 3000 |
| Minimum Trading Lot | 0.01 |
| Margin Call | 80% |
| Stop out | 50% |
| Commissions | $3.5 per lot traded on FX $25 per million notional on Spot Metals $35 per million notional on Index CFDs and Commodity CFDs 0.05% of the notional value for Cryptocurrency CFDs $0.02 per side / lot traded on Stock CFDs – minimum commission $0.01 |
| Spread Type | Close to 0 spreads |
| Base Currency | USD/EUR/GBP/NGN(NGN accounts are only available to clients in Nigeria) |
| Trading Instruments | FX Spot Metals Index CFDs Commodity CFDs Cryptocurrency CFDs Stock CFDs (only MT5) |
| EA Allowed | Yes |
| Hedging Allowed | Yes |
| Scalping Allowed | Yes |
| Negative Balance Protection | Yes |
| Islamic Account | Yes |
| Account Type | Advantage Plus |
| Trading Platform | MT4, MT5. Mobile Trading(MT4/MT5) |
| Minimum Deposit | 200 |
| Max Leverage | 300 |
| Minimum Trading Lot | 0.01 |
| Margin Call | 80 |
| Stop out | 50 |
| Commissions | Zero |
| Spread Type | Normal Spreads |
| Base Currency | USD/EUR/GBP/NGN(NGN accounts are only available to clients in Nigeria) |
| Trading Instruments | FX Spot Metals Index CFDs Commodity CFDs Cryptocurrency CFDs Stock CFDs (only MT5) Stocks (only MT5) |
| EA Allowed | Yes |
| Hedging Allowed | Yes |
| Scalping Allowed | Yes |
| Negative Balance Protection | Yes |
| Islamic Account | Yes |
Demo Account
FXTM offers demo accounts via MT4, MT5, and the FXTM Trader mobile app. The demo account features live quotes and simulates live market conditions in assets like forex, commodities, indices, and stocks.
Islamic Account
FXTM offers a swap-free Islamic account that adheres to the principles of Sharia law.
FXTM Restricted Countries
FXTM accepts clients from the majority of countries globally. However, the FXTM brand does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Iran, Suriname, the Democratic People’s Republic of Korea, Puerto Rico, the Occupied Area of Cyprus, Quebec, Iraq, Syria, Cuba, Belarus, and Myanmar.
Acuity Trading Signals
Signal Centre, powered by Acuity, can be accessed from the client portal. Acuity is an FCA-regulated provider of technical analysis and trading plans. It provides trade ideas, including specific entry, take-profit, stop-loss, and confidence levels, several times a day. The signals cover multiple markets, including FX, indices, stocks, and commodities.
MT4 Custom Indicators
FXTM provides a range of custom add-ons for MT4 within the client portal, including a Pivot Point Indicator, Pip Value Calculator, Spread Indicator, and a Market Data to CSV tool.
Custom Pivot Points Indicator in MT4
Pivot Point indicator, which shows the daily pivot and three major support and resistance levels.
Education
FXTM has a robust educational offering, with guides, video content, and ebooks to help provide clients with a solid foundation of market knowledge.
FXTM offers a wide range of in-depth guides covering practical topics. Beginners can refer to an introduction to forex trading and CFDs, while more experienced traders can benefit from guides relating to trading styles like scalping. I especially liked the guides focused on specific instruments like oil and the NASDAQ 100.
Video content is focused on a few categories like trading basics and FXTM Invest. Bite-size videos of less than two minutes walk viewers through important concepts like swap fees and how FXTM Invest works.
FXTM also offers various ebooks covering topics like Japanese candlesticks, cryptocurrency trading, and Elliott Wave Theory, which are good sources of materials to print out for offline study.
