FXTM RATING -OVERALL SCORE {77.6%} (?)

 

FXTM is an ECN/STP Forex Broker offering 50 Forex pairs and covering a wide selection of trading options.

Deposit Requirements: 10 USD

Funding: Cards | Bank Wire | Neteller | Skrill | Western Union | Bitcoin | QIWI | DotPay | Yandex

Platforms: MetaTrader-4 | MetaTrader-5 | WebTrader | Mobile Traders

Customer Support: English | Arabic | Chinese | Russian | Spanish | French | +MORE

» FXTM Website  

FXTM RATING SUMMARY

The following table contains FXTM's rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.

FOREX BROKER RATING (MAX 100%)
  • FXTM FUNDS SAFETY
95.6%
  • FXTM TRANSACTION COST
55.4%
  • FXTM TRADING OPTIONS AVAILABLE
74.1%
  • FXTM TECHNOLOGY
92.2%
  • OVERALL RATING
77.80%
TRADING EXPERIENCE  
  • FXTM FOR FOREX BEGINNERS
76.7%
  • FXTM FOR ADVANCED FOREX TRADERS
71.2%
  • FXTM FOR PROFESSIONAL FOREX TRADERS
69.8%
TRADING STYLE  
  • FXTM FOR INTRADAY TRADERS
76.9%
  • FXTM FOR SWING TRADERS (MID-TERM)
75.0%
  • FXTM FOR CARRY TRADERS (LONG-TERM)
43.8%

FXTM DETAILED RATING REVIEW

FXTM RATING ANALYSIS    
FXTM TOTAL RATING   100.0% FXTM
      77.76% FULL ANALYSIS
A. FXTM  SAFETY OF FUNDS MAX WEIGHT→ 28.0% 26.76% Rating the FXTM Safety
A.1 FXTM License / Regulation FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | MiFID (EU) = +0.5% rating 10.0% 10.00% FXTM is regulated by the FCA (UK) License 777911 = 10% rating | and CySEC Liicense 185/12 = 6.0% rating | Total (max) = 10.0%
A.2 FXTM Client Compensation in Case of Insolvency Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
5.0% 4.00% FXTM offers client compensation (in case of insolvency) up to 20,000 EUR through ICF = 4.0% rating
A.3 FXTM Country of Headquarters UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand  = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% 5.0% 5.00% FXTM is based in Cyprus = 3.0% rating
A.4 FXTM Years in the Market 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% 5.0% 5.00% FXTM was found in 2007  (10+ years) = 5.0% rating
A.5 FXTM Client Account Segregation Client bank account segregation =  2.5% rating | No = 0.0% 2.5% 2.50% FXTM provides full client bank account segregation = 2.5%
A.6 FXTM Web Ratings ForexPeaceArmy Rating = 0.5% rating 0.5% 0.26% FXTM ForexPeaceArmy Rating is 2.6/5.0 = 0.26% rating
A.7 (+) FXTM ADJUSTING RESULTS        
A.7.1 FXTM Corporate Size 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating 1.0% 0.00% FXTM handles less than 250,000 accounts = 0% Rating
B. FXTM TRANSACTION COST MAX WEIGHT→ 28.0% 15.50% Rating the FXTM Transaction Cost
B.1 FXTM spread on EURUSD <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% 7.0% 2.00% Typical FXTM EURUSD spread is 1.8 pip = 2.0% rating
B.2 FXTM spread on GBPUSD <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 0.50% Typical FXTM GBPUSD spread is 3.0 pips = 0.5% rating
B.3 FXTM spread on USDJPY <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 2.00% Typical FXTM USDJPY spread is 1.8 pips = 2% rating
B.4 FXTM Trade Commissions No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating |  < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating  7.0% 7.00% No commissions on tested account type
B.5 FXTM Overnight (SWAP) rates Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.75% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% 2.0% 0.00% FXTM rollover on a Long EURUSD trade worth 1 lot ($100,000) is -$13.5 | FXTM rollover on a Short EURUSD trade worth 1 lot ($100,000) is +$6.1 | Total cost in absolute value is $7.4, rating = 0.00%
B.6 FXTM Commissions on Funding No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating  2.0% 2.00% FXTM charges no withdrawal commissions = 2.0% rating
B.7 FXTM Inactive Fees No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating 1.0% 0.00% FXTM charge an Inactivity Fee {inactivity fee 5 euro/monthly after 6 months of inactivity} = 0.0% rating
B.8 (+) FXTM ADJUSTING RESULTS        
B.8.1 FXTM Execution Model ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating 2.0% 2.00% ECN Order Execution Model = +2% rating
C. FXTM TRADING OPTIONS MAX WEIGHT→ 28.0% 20.75% Rating the FXTM Options for Traders
C.1 FXTM Forex Asset Index 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+  Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating 8.0% 8.00% FXTM offers 48 Forex pairs = 8.0% rating
C.2 FXTM CFDs CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% 2.5% 2.50% FXTM provides trading on CFD contracts = 2.5% rating
C.3 FXTM CFDs on Futures CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating 1.5% 0.00% No CFDs on Futures = 0.0% rating
C.4 FXTM Free Practice Account Practice Account = 2.0 % rating, No = 0.0 % rating 2.0% 2.00% FXTM Provides a Demo account = 2.0% rating
C.5 FXTM Trading Leverage Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating 1.0% 0.00% 30:1 max Trading Leverage = 0.0% rating
C.6 FXTM Bonus/Rebate Promotions   5.0%    
C.6.1 FXTM Welcome Bonus (%) Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating   0.00% No Welcome Bonus = 0.0% rating
C.6.2 FXTM Trading Rebate (%) Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating   0.00% FXTM Offers no trade rebates = 0% rating
C.7 FXTM Min. Account Size Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating 2.0% 2.00% The min. deposit amount is $10 = 2.0% rating
C.8 FXTM Number of Deposit Methods For every deposit method = 0.5% rating | max = 5 methods 2.5% 2.50% FXTM offers 5+ deposit methods = 2.5% rating
C.9 FXTM Number of Withdrawal Methods For every withdrawal method = 0.5% rating | max = 5 methods 2.5% 2.50% FXTM offers 5+ withdrawal methods = 2.5% rating
C.10 Minimum Stop-Order Levels (in pips) 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating 1.0% 1.00% FXTM offers 1-2 pips minimum stop-out order distance = 1.00% rating
C.11 (+) FXTM ADJUSTING RESULTS        
C.11.1 Offering more than 100 Forex Pairs Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.00% 48 Forex Pairs = +0% rating
C.11.2 Paying Interest on unused funds Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.00% No = 0%
C.11.3 FXTM Contests Contests = 0.25 % rating | No = 0 % rating 0.25% 0.25% Demo Forex Trading Contest = +0.25%
D. FXTM TECHNOLOGY MAX WEIGHT→ 16.0% 14.75% Rating the FXTM Technological Efficiency
D.1 FXTM Trading Platforms Availability For every Platform = 1.0% | max = three (3) platforms 3.0% 3.00% 3 trade platforms: MetaTrader-4, MetaTrader-5, WebTrader = 3.0% rating
D.2 Trading-On-Charts Offering Trading-On-Charts = 1.0 rating | No=0% 1.0% 1.00% FXTM is offering 'Trading-On-Charts' = 1.0% rating
D.3 FXTM Slippage on Execution Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating 1.0% 0.75% FXTM Slippage on execution is less than 1.25 pip = 0.75% rating
D.4 FXTM Automated Trading Allowance Automated Trading is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.00% FXTM allows automated trading = 2.0% rating
D.5 FXTM MT4 Platform Availability MT4 is Provided = 2.0 % rating / No = 0 % rating 2.0% 2.00% FXTM offers the MT4 platform = 2.0% rating
D.6 FXTM Mobile Apps iOs= 1% rating | Android = 1% rating | Windows Mobile is 0.5% rating | max = 2% rating points 2.0% 2.00% FXTM offers apps for iPhone and Android = 2.0% rating
D.7 FXTM Allowing Scalping / Hedging Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating 1.0% 1.00% FXTM fully allows Scalping and Hedging = 1.0% rating
D.8 FXTM Customer Service 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating 4.0% 3.00% FXTM offers 24/5 support = 0%, via eMail, Phone, Live Chat | Total rating is 3.0%
D.9 (+) FXTM ADJUSTING RESULTS        
D.9.1 FXTM PAMM / MAM Accounts PAMM / MAM Accounts = 0.5% rating | No = 0 % rating 0.5% 0.00% No = +0%
D.9.2 FXTM Free VPS Free VPS = +0.5% rating | No = 0 % 0.5% 0.00% No = +0%
D.9.3 FXTM API Trading API trading = 0.5 % rating | No API = 0.0 % rating 0.5% 0.00% No API interface  = +0.0%
    TOTAL FXTM RATING 77.76%  

 

 

FXTM LICENSES AND LEGAL INFORMATION

■ FXTM is regulated by CySEC (No 185/12) and FCA UK (No 777911)

» Check the full FXTM Review

 

 

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FXTM Rating Review

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■ THE MAJOR PAIRS

 EURUSD |  GBPUSD |  USDJPY |  USDCHF

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-2- The minimum deposit to claim the bonus promotion is $100
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