Overall, FXTM can be summarised as a trustworthy and highly regulated Forex Broker that offers ultra-low spreads and zero commissions. FXTM offers access to multiple live trading accounts and trusted trading platforms. FXTM has a trust score of 93 out of 99.
| 🔎 Broker | 🥇 FXTM |
| 📌 Regulation | CySEC, FSCA, FCA, CMA, FSC Mauritius |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 💴 Minimum Deposit (MYR) | 47 MYR ($10) |
| 💵 MYR Deposits Allowed | ✅Yes |
| 🔟 Retail Investor Accounts | 3 |
| 📈 Starting spread | 0.0 pips, variable |
| 📉 Account Base Currency | USD, EUR, GBP, NGN |
| 🥰 Customer Support Languages | Multilingual |
FXTM Review – Analysis of Brokers’ Main Features
- ☑️ FXTM Overview
- ☑️ FXTM Detailed Summary
- ☑️ Rating of FXTM’s Main Features
- ☑️ FXTM – Advantages Over Competitors
- ☑️ Who will Benefit from Trading with FXTM?
- ☑️ FXTM Safety and Security
- ☑️ FXTM Bonus Offers and Promotions
- ☑️ FXTM Affiliate Program Features
- ☑️ FXTM Minimum Deposit
- ☑️ FXTM Account Types and Features
- ☑️ FXTM Base Account Currencies and Basic Order Types
- ☑️ How to Open or Close an FXTM Account
- ☑️ Social Trading with FXTM
- ☑️ FXTM Trading Platforms
- ☑️ Which Markets Can You Trade with FXTM?
- ☑️ FXTM Fees, Spreads, and Commissions
- ☑️ FXTM Deposits and Withdrawals
- ☑️ FXTM Education and Research
- ☑️ FXTM Customer Support
- ☑️ FXTM VPS Review
- ☑️ FXTM Trading Signals
- ☑️ FXTM Cashback Rebates Features and Conditions
- ☑️ FXTM Web Traffic Report
- ☑️ FXTM Geographic Reach and Limitations
- ☑️ FXTM vs Exness vs InstaForex – A Comparison
- ☑️ FXTM Alternatives
- ☑️ FXTM Awards and Recognition
- ☑️ Our Experience with FXTM
- ☑️ Recommendations according to our in-depth review of FXTM
- ☑️ FXTM Customer Reviews
- ☑️ FXTM Pros and Cons
- ☑️ In Conclusion
- ☑️ Frequently Asked Questions
FXTM Overview
FXTM has been operating since 2011 and offers two trading platforms to its users: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
These platforms are readily accessible on various devices, including PCs, Macs, mobile phones, and tablets. Notably, MT4 is the most popular choice among users due to its availability in many languages.
FXTM is renowned for providing spreads as low as 0 on major FX pairs such as EURUSD and USDJPY, particularly on its Advantage account. Most FXTM traders favor this account, as it offers leverage and a margin of up to a remarkable 1:2000 on a floating basis.
FXTM offers the Advantage Plus account in addition to the Advantage account. While it mirrors the Advantage account in many aspects, it offers zero commission but with slightly wider spreads.
FXTM Detailed Summary
| 🔎 Broker | 🥇 FXTM |
| 🏡 Headquartered | Cyprus |
| 🌎 Global Offices | Cyprus, Mauritius, Kenya, Nigeria, India, Malaysia, South Korea, South Africa, United Kingdom |
| 📌 Local Market Regulators in Malaysia | Securities Commission of Malaysia (SCM) |
| 📍 Foreign Direct Investment in Malaysia | 15.11 billion USD (2022) |
| 🚩 Foreign Exchange Reserves in Malaysia | 103.4 billion USD (July 2025) |
| ▶️ Local office in Kuala Lumpur | None |
| ⏩ Governor of SEC in Malaysia | Shaik Abdul Rasheed Abdul Ghaffour is the Governor of the Central Bank of Malaysia |
| 👥 Accepts Malaysia Traders | ✅Yes |
| 📈 Year Founded | 2011 |
| 📉 Malaysia Office Contact Number | Not provided |
| 📊 Regulation | CySEC, FSCA, FCA, CMA, FSC Mauritius |
| ↪️ Tier-1 Licenses | Financial Conduct Authority (FCA) |
| ➡️ Regional Restrictions | The United States, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, Brazil, the Occupied Area of Cyprus, Hong Kong |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏰ Non-expiring Demo | None |
| ⌚ Demo Duration | 30 days |
| 🔟 Retail Investor Accounts | 3 |
| 0️⃣ PAMM Accounts | None |
| 💧 Liquidity Providers | Top-tier global banks, exchanges, and major financial institutions |
| 🤝 Affiliate Program | ✅Yes |
| 📈 Order Execution | Instant and Market |
| 📉 OCO Orders | None |
| 📊 One-Click Trading | ✅Yes |
| 💹 Scalping | ✅Yes |
| 🔢 Hedging | ✅Yes |
| 📌 Expert Advisors | ✅Yes |
| 📰 News Trading | ✅Yes |
| 💻 Trading API | None |
| 🖥️ Starting spread | 0.0 pips, variable |
| 💴 Minimum Commission per Trade | $0.40 to $2, depending on the trading volume |
| ⚙️ Margin Call | 60% to 80% |
| ⛔ Stop-Out | 40% to 50% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | 100 lots |
| 🪙 Crypto trading offered | Yes, CFDs |
| 💷 Offers an MYR Account | None |
| 👤 Dedicated Malaysia Account Manager | None |
| 📊 Maximum Leverage | 1:2000 |
| ❌ Leverage Restrictions for Malaysia | None |
| 💵 Minimum Deposit (MYR) | 47 MYR ($10) |
| 💶 Deposit Currencies | INR, NGN, KES, USD, EUR, GHS, RWF, ZAR, TZS, UGX, MYR, GBP, PLN, CZK |
| 💳 MYR Deposits Allowed | ✅Yes |
| 💰 Account Base Currency | USD, EUR, GBP, NGN |
| ↪️ Active Malaysia Trader Stats | 4 million+ |
| ➡️ Active Malaysian-based FXTM customers | Unknown |
| 🔁 Malaysia Daily Forex Turnover | 15 billion USD (Average for August 2025) |
| ⏰ Minimum Withdrawal Time | Instant |
| ⏱️ Maximum Estimated Withdrawal Time | Up to 5 working days |
| ⏲️ Instant Deposits and Instant Withdrawals | ✅ Yes, instant deposits |
| 🔢 Segregated Accounts with Malaysian Banks | None |
| 💻 Trading Platform Time | GMT +02:00 |
| 🖥️ Observe DST Change | ✅Yes |
| 🔍 DST Change Time zone | South Africa, Jerusalem |
| ©️ Offers USD/MYR currency pair | None |
| 📈 USD/MYR Average Spread | None |
| 📉 Offers Malaysian Stocks and CFDs | None |
| 📊 Customer Support Languages | Multilingual |
| 🅰️ Copy Trading Support | ✅Yes |
| 🅱️ Customer Service Hours | 24/5 |
| 🥰 Malaysian-based customer support | ✅Yes |
| 🎁 Bonuses and Promotions for Malaysia Traders | ✅Yes |
| 🖍️ Education for Malaysian beginners | ✅Yes |
| 📌 Proprietary trading software | ✅Yes |
| 😎 Most Successful Trader in Malaysia | Rayn Lim (Net Worth is private) |
| 💚 Is FXTM a safe broker for Malaysian Traders | ✅Yes |
| 🔟 Rating for FXTM Malaysia | 9/10 |
| 💯 Trust score for FXTM Malaysia | 93% |
Rating of FXTM’s Main Features
| 1️⃣ Order Execution | 4/5 |
| 2️⃣ Commissions and Fees | 4/5 |
| 3️⃣ Range of Markets | 5/5 |
| 4️⃣ Variety of Markets | 5/5 |
| 5️⃣ Withdrawal Speed | 5/5 |
| 6️⃣ Customer Support | 5/5 |
| 7️⃣ Trading Platform | 4/5 |
| 8️⃣ Education | 4/5 |
| 9️⃣ Research | 4/5 |
| 🔟 Regulation | 5/5 |
| #️⃣ Mobile Trading | 4/5 |
| *️⃣ Trust Score | 93% |
FXTM – Advantages Over Competitors
FXTM has the following advantages over competitors:
- ✅ FXTM’s commitment to excellence has been acknowledged through numerous industry awards.
- ✅ Trading experiences at FXTM are cost-effective due to the extremely low commission rates and tight spreads.
- ✅ Novice traders are supported with beginner-friendly tools and resources like demo accounts and copy trading, enabling them to start their trading journey confidently.
- ✅ FXTM offers various educational materials and market insights for traders to make well-informed decisions.
- ✅ Transparency is maintained at FXTM as they avoid hidden fees or charges in their pricing policy.
- ✅ With customer service provided in over 30 languages, FXTM assists traders from around the globe with any queries they may have.
- ✅ Traders are protected against negative balances by FXTM’s measures put in place to prevent traders from losing more than their original investment.
and much, MUCH more!
Who will Benefit from Trading with FXTM?
The types of traders who will benefit the most from trading with FXTM are as follows:
- ✅ Forex traders looking for low fees, good market research, and access to the well-known MetaTrader 4 platform.
- ✅ Traders of all skill levels, from novice to expert, who seek a reliable and secure trading environment.
- ✅ Traders who want to trade with a global leader in online trading that provides excellent trading conditions, advanced education, and the most advanced trading tools in the forex industry.
- ✅ Traders who want personalized support from an Account Service Manager and customer service representatives via email, phone, live chat, and their website.
- ✅ Traders who want to take advantage of FXTM’s educational resources, such as live webinars, demo accounts, and high-quality market research and educational content for newcomers.
Finally, Traders who seek a legitimate, safe, and secure broker. FXTM is highly regulated, holding licenses in several jurisdictions, including tier 1.
How does FXTM’s leverage compare to competitors?
FXTM offers higher leverage than many competitors, up to 1:2000, allowing traders to maximize their trading potential.
Is FXTM’s platform more user-friendly than others?
Yes, FXTM provides the popular MT4 and MT5 trading platforms, which are well-known for their user-friendly interfaces and advanced trading tools.
FXTM Safety and Security
FXTM Regulation in Malaysia
FXTM is not regulated by the Securities Commission of Malaysia (SCM). However, FXTM global regulations are listed in the table below.
| 🔎 Registered Entity | 🌎 Country of Registration | 📌 Registration Number | 📍 Regulatory Entity | 📈 Tier | 📉 License Number/Ref |
| 1️⃣ ForexTime Ltd | Cyprus | HE310361 | CySEC | 2 | 185/12 |
| 2️⃣ Exinity Capital East Africa | Kenya | PVT-ZQU6JE7 | CMA | 2 | 135 |
| 3️⃣ Exinity UK Limited | United Kingdom | 10599136 | FCA | 1 | 777911 |
| 4️⃣ Exinity Limited | Mauritius | C119470C1/GBL | FSC | 3 | C113012295 |
| 5️⃣ FOREXTIME LTD | South Africa | HE310361 | FSCA | 2 | FSP 46614 |
FXTM Protection of Client Funds
| 🔎 Security Measure | 📌 Information |
| 🔒 Segregated Accounts | ✅Yes |
| 🔏 Compensation Fund Member | Financial Commission |
| 🔐 Compensation Amount | €20,000 |
| 🔓 SSL Certificate | ✅Yes |
| 🗝️ 2FA (Where Applicable) | ✅Yes |
| 🔑 Privacy Policy in Place | ✅Yes |
| 🔒 Risk Warning Provided | ✅Yes |
| 🔏 Negative Balance Protection | ✅Yes |
| 🔐 Guaranteed Stop-Loss Orders | ✅Yes |
FXTM Security while Trading
FXTM is a well-known and secure broker that is strictly regulated and holds licenses in multiple jurisdictions.
Several global financial regulators oversee the company, including the Financial Conduct Authority (FCA) of the United Kingdom, the Capital Markets Authority (CMA) in Kenya, the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Commission of Mauritius (FSCA), and the Financial Sector Conduct Authority (FSCA) of South Africa.
FXTM has implemented various technical and organizational measures to ensure its users’ highest level of security and protection.
Among the measures included are network traffic encryption, pseudonymization, data encryption, two-factor authentication, access management procedures, tokenization, clean desk policies, and business continuity plans.
Pros and Cons Regulation and Safety of Funds
| ✅ Pros | ❎ Cons |
| FXTM has a high trust score of 93% because of its security features and regulatory status | FXTM is not currently regulated locally in Malaysia |
| FXTM implements negative balance protection | Traders can still lose their invested funds regardless of the protection that is in place |
What security features does FXTM’s platform have?
The FXTM platform includes network traffic encryption, pseudonymization, and access control procedures.
In case of a security breach, how does FXTM respond?
FXTM has protocols to deal with security breaches, including notifying affected clients and taking corrective action.
FXTM Bonus Offers and Promotions
FXTM offers Malaysian traders a “Refer a Friend” program. The FXTM Refer a Friend program provides an opportunity to supplement your income by introducing your friends to the trading world. Through this program, you can earn $50 for each individual you refer to FXTM by utilizing your exclusive referral link.
There are no restrictions on the number of people you can refer, offering you the potential to earn up to $10,000 in tangible, withdrawable funds. Moreover, when your referrals meet the specified criteria, they, too, will receive a $50 reward.
Furthermore, to keep updated on the progress of your referrals, you can easily access the ‘Refer a Friend Program’ section within your MyFXTM portal.
Does FXTM offer any bonuses to new traders?
Yes, FXTM frequently offers promotional bonuses to new clients; however, these are subject to change and are subject to terms and conditions.
Where can I find the latest promotions and offers from FXTM?
The most recent promotions and bonus offers are frequently highlighted on FXTM’s official website and in marketing communications.
FXTM Affiliate Program Features
Clients engaged in the foreign exchange partnership market enjoy a notable competitive edge courtesy of the distinct advantages offered by the partnership initiative.
This system, designed with precision, features both an inventive hybrid Affiliate Program and a robust Introducing Brokers Program, serving as inclusive gateways for various partners, including bloggers, social media influencers, and Forex educators.
Both these programs grant access to one of the world’s most pivotal financial markets, with tailor-made solutions to suit the precise requirements of potential business associates.
Affiliates predominantly engage with their client base through digital channels, whereas Introducers prioritize cultivating and sustaining personal connections.
Furthermore, Introducers are entitled to incremental reimbursements, while Affiliates continue to earn commissions for each Qualified Active Trader even once the Qualification Period concludes.
Opting for the FXTM affiliate program comes with a plethora of advantages, such as:
- ✅ Weekly rebates that vary each week.
- ✅ Enhanced CPA levels resulting from increased referrals to FXTM.
- ✅ A choice of three affiliate levels.
- ✅ Guaranteed payments.
- ✅ A CPA program catering to qualified active traders.
- ✅ Access to real-time data and hourly reports.
To maximize the benefits for your company, choose the partnership program that aligns best with your needs.
How to open an Affiliate Account with FXTM
To register an Affiliate Account, Malaysian traders can follow these steps:
- ✅ Go to the FXTM Affiliates page.
- ✅ Choose the “Register Now” option.
- ✅ Complete and submit the registration form, providing your details.
After your application is approved, you can log into your FXTM Affiliate account and earn commissions.
Is there a minimum pay-out threshold for FXTM affiliates?
Yes, a minimum pay-out threshold exists, which varies depending on the payment method selected by the affiliate.
Can I refer other affiliates to FXTM and earn from their referrals?
Yes, FXTM has a sub-affiliate program through which you can earn additional commissions from affiliates you introduce to the platform.
How are commissions calculated for FXTM affiliates?
Typically, commissions are based on the trading volume of referred clients, with specifics specified in the affiliate agreement.
Can I track my referrals and earnings in real-time as an FXTM affiliate?
Yes, FXTM offers an affiliate dashboard to track referrals, conversions, and commission earnings.
FXTM Minimum Deposit
| 🔎 Live Account | 💶 Minimum Dep. |
| 🥇 Micro | 47 MYR / $10 |
| 🥈 Advantage | 2,300 MYR / $500 |
| 🥉 Advantage Plus | 2,300 MYR / $500 |
Are there any benefits to depositing more than the minimum amount with FXTM?
Yes, depositing more money can give you access to better trading conditions, higher leverage, and more features.
Are there any fees associated with the FXTM minimum deposit?
No, FXTM does not charge deposit fees, but checking with your payment provider for any potential fees is critical.
FXTM Account Types and Features
| 🔎 Live Account | 💶 Minimum Dep. | 📉 Average Spread | 💴 Commissions | 💷 Average Trading Cost |
| 🥇 Micro | $10 | 1.5 pips | None | 15 USD |
| 🥈 Advantage | $500 | 0.0 pips | $0.4 to $2 | 6 USD |
| 🥉 Advantage Plus | $500 | 1.5 pips | None | 15 USD |
FXTM Micro Account
The Micro Account at FXTM is intended for traders who want to gain experience without putting large sums of money at risk. With this account, traders can trade major markets such as forex and metals for as little as $10.
The Micro Account is especially popular among new traders starting in the financial markets. Some advanced traders, on the other hand, use this account to test their latest trading strategies and theories with real money.
| 🔎 Account Feature | ℹ️ Value |
| 💴 Minimum Deposit Required | 47 MYR ($10) |
| 📈 Average Spreads | Floating from 1.5 pips EUR/USD |
| 📉 Trading Instruments available | Forex Metals Commodities Indices Forex Indices Stock Baskets |
| 💵 Commission charges | None |
| 📊 Platforms Supported | MetaTrader 4 FXTM Trader |
| 💶 Base Account Currency | US Cent, EU Cent, GBP Pence, or Nigerian kobo |
| 📌 Leverage and Margin | Forex – from 1:3 to a maximum of 1:1000 (Fixed) Metals – up to a maximum of 1:500 (Fixed) |
| 📍 Order Execution | Instant Execution |
| 💹 Margin Call (%) | 60% |
| ⛔ Stop-Out Level (%) | 40% |
| ☪️ Islamic Account Option | ✅Yes |
| ⛔ Limit and Stop Levels | 1 spread |
| 💱 Quote Decimals on Forex and Special Metals | Forex: 5 decimals (3 on JPY pairs) Metals: 2 decimals for XAU/USD, 3 decimals for XAG/USD |
| ▶️ Minimum Volume per trade (lots) | 0.01 lots |
| ⏩ Maximum Orders | 300 lots |
| 🖇️ Maximum Volume per Order | 10 lots |
| 🔢 Maximum Volume in lots per order | 3,000 lots |
| ⚠️ Maximum Pending Orders | 100 lots |
FXTM Advantage Account
FXTM’s Advantage Account is the broker’s most popular account. It offers some of the best pricing in the industry, with spreads beginning at zero on major currency pairs.
The account typically has zero spreads on major currency pairs such as EURUSD and USDJPY and as low as zero spreads on Gold/US Dollar (XAUUSD).
The Advantage Account also includes commission-free stock trading on the MT5 platform. The Advantage Account offers hundreds of instruments, such as stocks, indices, and commodities, and is an excellent choice for traders looking for low fees and tight spreads.
| 🔎 Account Feature | ℹ️ Value |
| 💴 Minimum Deposit Required | 2,300 MYR ($500) |
| 📈 Average Spreads | From 0.0 pips EUR/USD |
| 📉 Trading Instruments available | Forex Precious Metals Commodities Indices Forex Indices Stock Baskets Stock CFDs on MetaTrader 5 Individual Stocks on MetaTrader 5 |
| 💵 Commission charges | An average between $0.40 and $2, according to the trading volume |
| 💻 Platforms Supported | MetaTrader 4 MetaTrader 5 FXTM Trader |
| 🪙 Base Account Currency | USD, EUR, GBP, or NGN |
| 📊 Leverage and Margin | Up to 1:2000 (floating) |
| 📌 Order Execution | Market Execution |
| 📍 Margin Call (%) | 80% |
| ⛔ Stop-Out Level (%) | 50% |
| ☪️ Islamic Account Option | ✅Yes |
| ↪️ Limit and Stop Levels | None |
| 💹 Quote Decimals on Forex and Special Metals | Forex: 5 decimals (3 on JPY pairs) Metals: 2 decimals for XAU/USD, 3 decimals for XAG/USD |
| 💱 Minimum Volume per trade (lots) | 0.01 lots |
| ▶️ Maximum Orders | Unlimited |
| ⏩ Maximum Volume per Order | 100 lots |
| 🔢 Maximum Volume in lots per order | Unlimited |
| 📈 Maximum Pending Orders | 300 lots |
FXTM Advantage Plus Account
The Advantage Plus Account is an FXTM type similar to the Advantage account but allows for commission-free trading.
However, traders should be aware that the spreads on this account are wider than those on the Advantage account, making it more suitable for experienced traders willing to incur spread costs and prefer to trade without commissions.
| 🔎 Account Feature | ℹ️ Value |
| 💴 Minimum Deposit Required | 2,300 MYR ($500) |
| 📈 Average Spreads | From 1.5 EUR/USD |
| 📉 Trading Instruments available | Forex Precious Metals Commodities Indices Forex Indices Stock Baskets Stock CFDs on MetaTrader 5 Individual Stocks on MetaTrader 5 |
| 📊 Commission charges | None |
| 💻 Platforms Supported | MetaTrader 4 MetaTrader 5 FXTM trader |
| 💴 Base Account Currency | USD, EUR, GBP, or NGN |
| 📌 Leverage and Margin | Up to 1:2000 (Floating) |
| 📍 Order Execution | Market Execution |
| 💹 Margin Call (%) | 80% |
| ⛔ Stop-Out Level (%) | 50% |
| ☪️ Islamic Account Option | ✅Yes |
| 🅰️ Limit and Stop Levels | None |
| 🅱️ Quote Decimals on Forex and Special Metals | Forex: 5 decimals (3 on JPY pairs) Metals: 2 decimals for XAU/USD, 3 decimals for XAG/USD |
| 🖇️ Minimum Volume per trade (lots) | 0.01 lots |
| ▶️ Maximum Orders | Unlimited |
| ⏩ Maximum Volume per Order | 100 lots |
| 📈 Maximum Volume in lots per order | Unlimited |
| 📉 Maximum Pending Orders | 300 lots |
FXTM Demo Account
The FXTM demo account is a comprehensive tool that provides traders with a risk-free simulation of the real trading environment. It is an ideal platform for novice traders entering the market for the first time and seasoned traders seeking to test and refine new trading strategies.
The FXTM demo account’s 30-day trial period is one of its most valuable assets and notable features. This extended period affords traders ample time to familiarize themselves with the platform, explore various markets, and assiduously hone their trading techniques.
Demo accounts are accessible to anyone with a trading interest and are completely free. This means that traders can gain valuable experience at no cost, a particularly attractive proposition for those looking to dip their toes in the trading world.
Customization options are one of the FXTM demo account’s most notable features. This unique feature enables traders to create a trading environment resembling real-world scenarios, enhancing their ability to transition to live trading.
In addition, the FXTM demo account provides access to all markets and assets, such as forex, commodities, indices, and stocks.
This accessibility enables traders to gain comprehensive insights into the inner workings of diverse markets and how they interrelate, a knowledge base that can be invaluable when making trading decisions.
Lastly, the FXTM demo account is compatible with Expert Advisors (EAs), automated trading systems that execute trades based on predetermined rules.
Therefore, before deploying EAs on a live account, this feature provides traders the invaluable opportunity to test them in a risk-free environment thoroughly.
FXTM Islamic Account
FXTM provides a swap-free or Islamic account option to traders who wish to engage in halal trading. This account strictly adheres to the tenets of Islamic finance, which prohibit the accrual or payment of interest (Riba) and the participation in speculative or risky transactions (Gharar).
Islamic accounts at FXTM guarantee traders that neither interest nor overnight/swap fees are accrued or paid on leveraged positions. Instead of earning or paying interest, these funds may utilize alternative structures.
Moreover, investments are strictly avoided in industries deemed incompatible with Islamic principles, such as alcohol, gambling, pork, and weapons.
FXTM offers swap-free options for all account types, including Micro, Advantage, and Advantage Plus. The commissions associated with these accounts may vary depending on the account type selected, with an additional fee possibly substituting for the swap fee.
Islamic account holders are typically provided with wider spreads and the possibility of incurring additional fees to ensure their trading complies with Islamic financial principles.
Pros and Cons FXTM Account Types and Features
| ✅ Pros | ❎ Cons |
| Malaysians can start trading with a low minimum deposit from 47 MYR ($10) | Traders have different access to financial instruments depending on the account type, limiting Micro Account users |
| The accounts are not limited to one specific platform, and traders can change between them | The demo account is only available for 30 days |
| Accounts have negative balance protection | FXTM offers limited base currency options for accounts, which could lead to currency conversion fees |
Are there any special features for FXTM ECN accounts?
Yes, ECN accounts from FXTM provide tighter spreads, faster execution, and access to more liquidity.
Which FXTM account is best for beginners?
The Micro account is ideal for beginners because it has a low minimum deposit and allows for smaller trade sizes.
FXTM Base Account Currencies and Basic Order Types
FXTM Base Currencies
The base account currencies available to Malaysians include the following:
- ✅ USD
- ✅ EUR
- ✅ GBP
- ✅ NGN
FXTM Basic Order Types
- ✅ Market Order – A market order can be either a buy or a sell order that executes at the current market price. This is the current price displayed on your price chart. If you place a market order, you will be immediately entered at the best available price.
- ✅ Market orders are most effective when a trading opportunity requires prompt action. Click buy/sell at the market to enter the trade immediately.
- ✅ Stop Order – A stop order can be either a buy or sell stop, depending on whether you wish to purchase above or below the market.
- ✅ This is useful for trading breakouts or trend continuation strategies when you want the market to continue moving in the same direction.
Alternatively, if you believe the price will reverse when it reaches a certain price, you can place a limit order.
How to Open or Close an FXTM Account
How to Open an FXTM Account
To open an account with FXTM, Malaysians can follow these steps:
- ✅ Visit FXTM’s website.
- ✅ Locate and select the “Open Account” link.
- ✅ Fill out the designated fields with your first and last name, country of residence, mobile phone number, and email address.
- ✅ Generate a secure password for your MyFXTM account, ensuring it meets the page’s password requirements.
- ✅ Click the “Send PIN” button to initiate the process and receive a PIN code via SMS or email.
- ✅ Enter the PIN received in the appropriate field.
To complete your registration, please click “Register Now.”
Can I open multiple accounts with FXTM?
Yes, traders with FXTM can open multiple trading accounts, each with its own features and benefits.
What should I do if I face issues during the FXTM account opening process?
If you run into any problems, please contact FXTM’s customer service.
How to Close an FXTM Account
To close a live trading account with FXTM, Malaysian traders can follow these steps:
- ✅ Log into your FXTM account with the email address associated with your account.
- ✅ Proceed to the section titled “Account Summary.”
- ✅ At the bottom of the page, select the “My Investment Accounts” section.
To confirm that you want to delete your account, click the “Blue Archive Link” in the upper-right corner.
What happens to my funds if I do not withdraw them before closing my FXTM account?
You lose any funds you do not withdraw before closing your account.
Will FXTM charge fees for account closure?
No, FXTM does not charge fees for closing your account, given you do not owe the broker any outstanding fees.
Social Trading with FXTM
Social trading is a notable feature offered by FXTM that enables individuals to mirror the portfolios of experienced traders, thereby gaining valuable insights into their strategies and performance outcomes.
This feature is contained within “FXTM Invest,” a specialized social trading service available to all clients outside the United Kingdom. Participants may act as either investors or strategists.
Beginning with a modest $100 investment, investors can follow experienced FXTM traders through an intuitive platform. Notably, FXTM Invest facilitates an active copy trading and social trading environment, fostering the exchange of knowledge and community insights.
For traders with a proven track record, the platform allows them to become a Strategy Manager, allowing others to imitate their trading strategies and possibly generate additional income.
Users must ensure that their trading objectives and those of the traders they follow are aligned, always being mindful of associated costs and risks, particularly when leveraging.
Furthermore, FXTM’s social trading platform integrates seamlessly with the renowned MetaTrader platform, demonstrating its dedication to providing comprehensive trading tools and features.
How can I start social trading with FXTM?
First, sign up for FXTM Invest, select a strategy manager to follow, and allocate funds to copy their trades.
Are there any risks associated with social trading on FXTM?
Yes, while social trading has the potential to provide benefits, it is critical to understand the risks, such as market volatility and the performance of the trader being followed.
FXTM Trading Platforms
FXTM offers Malaysian traders a choice between these trading platforms:
- ✅ MetaTrader 4
- ✅ MetaTrader 5
FXTM provides a robust trading platform suite tailored to meet the diverse needs of traders. MetaTrader 4 (MT4) is at the forefront, a powerful platform known for its user-friendly interface, advanced charting tools, and many technical indicators.
FXTM’s MT4 platform gives traders access to a wide range of markets and instruments and allows them to use Expert Advisors (EAs) for automated trading strategies.
MetaTrader 5 (MT5), which complements MT4, allows traders to execute, manage, and monitor trades across a broader range of financial markets, including forex, commodities, CFDs, indices, and stocks.
MT5 has additional timeframes, various order types, and an integrated economic calendar. FXTM Mobile, the proprietary mobile trading app, provides unparalleled convenience for traders.
This user-friendly app provides real-time price updates, many trading tools, and the ability to monitor market trends, manage positions, and leverage charts and technical analysis tools from one’s hand.
These platforms, taken together, demonstrate FXTM’s commitment to providing a smooth and efficient trading experience.
Pros and Cons FXTM Trading Platforms
| ✅ Pros | ❎ Cons |
| FXTM supports MetaTrader 4 and 5 on mobile devices, web-based terminals, and desktop applications | The FXTM platform is limited to mobile devices |
Is FXTM’s trading platform suitable for beginners?
Yes, FXTM’s platforms are user-friendly, with simple interfaces and extensive educational resources for both novice and experienced traders.
Are there any unique features on FXTM’s trading platforms?
Yes, FXTM’s platforms include one-click trading, real-time price updates, and various technical analysis tools.
Which Markets Can You Trade with FXTM?
Malaysian traders can expect the following range of markets from FXTM:
- ✅ Forex
- ✅ Forex Indices
- ✅ Spot Metals
- ✅ CFD Kenya Stocks
- ✅ Kenya Stocks
- ✅ CFD US Stocks
- ✅ US Stocks
- ✅ Hong Kong Stocks
- ✅ CFD EU Stocks
- ✅ Spot Commodities
- ✅ Spot Indices
- ✅ Stock Baskets
- ✅ Cryptocurrency CFDs
Financial Instruments and Leverage offered by FXTM
| 🔎 Instrument | 🔟 Number of Assets Offered | 📉 Max Leverage Offered |
| 📈 Forex | 60 | 1:25 – 1:2000 |
| 📉 Forex Indices | 6 | 1:25 – 1:500 |
| 📊 Spot Metals | 5 | 1:25 – 1:2000 |
| 📌 CFD Kenya Stocks | 17 | N/A |
| 📍 Kenya Stocks | 17 | N/A |
| 💹 CFD US Stocks | 764 | 1:500 |
| 📈 US Stocks | 647 | N/A |
| 📉 Hong Kong Stocks | 626 | N/A |
| 📊 CFD EU Stocks | 50 | 1:500 |
| 📌 Spot Commodities | 3 | 1:25 – 1:500 |
| 📍 Spot Indices | 17 | 1:25 – 1:500 |
| 💹 Stock Baskets | 5 | N/A |
| 📈 Cryptocurrency CFDs | 11 | 1:100 |
Broker Comparison for a Range of Markets
| 🔎 Broker | 🥇 FXTM | 🥈 Exness | 🥉 InstaForex |
| 📈 Forex | ✅Yes | ✅Yes | ✅Yes |
| 💎 Precious Metals | ✅Yes | ✅Yes | ✅Yes |
| 📉 ETFs | None | None | None |
| 📊 CFDs | ✅Yes | ✅Yes | ✅Yes |
| 📌 Indices | ✅Yes | ✅Yes | ✅Yes |
| 📍 Stocks | ✅Yes | ✅Yes | ✅Yes |
| 🪙 Cryptocurrency | ✅Yes | None | ✅Yes |
| 💹 Options | None | None | None |
| 💡 Energies | ✅Yes | ✅Yes | ✅Yes |
| 🗂️ Bonds | None | None | None |
Pros and Cons FXTM Range of Markets
| ✅ Pros | ❎ Cons |
| Malaysian traders can use leverage up to 1:2000 on forex major pairs | Traders can still lose their entire investment when they use high-leverage |
| There is a range of markets that can be traded | There are no local CFDs offered |
Are there any restrictions on market access with FXTM?
Yes, while FXTM gives traders access to a wide range of markets, some instruments may be restricted based on the trader’s region or account type.
Can I trade global stocks with FXTM?
Yes, FXTM provides traders with various global stocks, allowing them to diversify their portfolios.
FXTM Fees, Spreads, and Commissions
The spread rates at FXTM are not fixed and are subject to change based on various factors. These factors include the type of account used, the specific financial instrument being traded, and the current market conditions for that particular day. Below is a breakdown of the average spreads based on different trading accounts.
- ✅ Micro Account – from 1.5 pips EUR/USD
- ✅ Advantage Account – from 0.0 pips EUR/USD
- ✅ Advantage Plus Account – from 1.5 pips EUR/USD
Furthermore, here are more spreads that Malaysian traders can expect from FXTM:
| 🔎 Account Types | 🥇 Micro | 🥈 Advantage | 🥉 Advantage Plus |
| 1️⃣ EUR/USD | 1.9 pips | 0.0 pips | 2.1 pips |
| 2️⃣ Forex Indices (US) | 3.7 pips | 0.6 pips | 3.4 pips |
| 3️⃣ XAG/USD | N/A | 22 pips | 45 pips |
| 4️⃣ XAU/USD | N/A | 9 pips | 36 pips |
| 5️⃣ CFD Kenya Stocks (ABSA) | N/A | 43 pips | N/A |
| 6️⃣ Kenya Stocks (ABSA) | N/A | 5 pips | N/A |
| 7️⃣ CFD US Stocks | N/A | 0.0 pips | N/A |
| 8️⃣ US Stocks | N/A | 3 pips | N/A |
| 9️⃣ Hong Kong Stocks | N/A | 3 pips | N/A |
| 🔟 Brent Oil | 9 pips | 6 pips | 12 pips |
| ▶️ Spot Indices (NASDAQ) | N/A | 0.4 pips | 2.3 pips |
| ⏩ Stock Baskets (GreenID) | 14 pips | 12 pips | 12 pips |
FXTM Commissions
FXTM’s Advantage Account provides traders exclusive commission fees, offering them the narrowest spreads, also known as zero pip spreads. Depending on a trader’s overall activity, commission rates for trades made through the Advantage Account range from $0.40 to $2 per trade.
FXTM Overnight Fees
FXTM charges overnight fees to traders who keep their positions open overnight. The trading instrument used, the position’s size, and the position’s duration all influence these fees.
Furthermore, FXTM charges clear and transparent fees to ensure that traders understand the costs of their trades. Below Malaysian traders can view some of the typical overnight fees they could expect from FXTM:
| 🔎 Instruments | ➡️ Long (Buy) Swap | ↪️ Short (Sell) Swap |
| 📈 EUR/USD | -8.97 pips | 2.14 pips |
| 📉 US Crude (Spot) | 13.1 pips | -20.91 pips |
| 📊 Cryptocurrencies | -19 pips | -19 pips |
| 📈 NQ100 | -32.94 pips | 14.31 pips |
| 📉 XAG/USD | -0.47 pips | 0.34 pips |
| 📊 XAU/USD | -39.33 pips | 21.16 pips |
FXTM Deposit and Withdrawal Fees
FXTM does not charge any deposit fees. However, the following withdrawal fees apply:
- ✅ African Local Solutions – 1 USD
- ✅ FasaPay – 0.5%
- ✅ Credit/Debit Cards – 3 USD, 2 EUR, or 2 GBP
- ✅ Bank Wire Transfer – 30 EUR
- ✅ Perfect Money – 0.5%
FXTM Inactivity Fees
FXTM applies a monthly inactivity fee of $5 to dormant accounts after 6 months.
FXTM Currency Conversion Fees
Currency conversion fees could apply when Malaysian traders deposit or withdraw in MYR.
Pros and Cons FXTM Trading and Non-Trading Fees
| ✅ Pros | ❎ Cons |
| FXTM offers free deposits | FXTM charges inactivity fees on dormant accounts |
| Traders can expect tight spreads from 0.0 pips and ECN execution | There are fees charged on withdrawals |
Are there commissions on FXTM’s ECN accounts?
Yes, ECN accounts on FXTM usually have a commission, but they have tighter spreads.
Does FXTM charge for deposits or withdrawals?
FXTM does not charge deposit fees, but certain withdrawal methods may incur fees.
FXTM Deposits and Withdrawals
FXTM offers Malaysian traders the following deposit and withdrawal methods:
- ✅ Equity Bank Transfer
- ✅ Ghanaian Local Transfer
- ✅ Africa Local Solutions
- ✅ M-Pesa
- ✅ FasaPay
- ✅ TC Pay Wallet
- ✅ Debit/Credit Cards
- ✅ Google Pay
- ✅ GlobePay
- ✅ Skrill
- ✅ PayRedeem
and many more!
FXTM Deposit Currencies, Deposit and Withdrawal Processing Times
| 🔎 Payment Method | 💰 Deposit Currencies | 📈 Deposit Processing | 📉 Withdrawal Processing |
| 💴 Bank Wire Transfer | GBP, USD, EUR | 3 to 5 days | 24 hours |
| 💵 GlobePay | GBP, USD, EUR | Instant | 24 hours |
| 💶 Skrill | EUR, USD, GBP, PLN, CZK | Instant | 1 working day |
| 💷 PayRedeem | EUR, USD | Instant | 24 Hours |
| 💴 Perfect Money | USD, EUR | Instant | 24 hours |
| 💵 Neteller | EUR, INR, USD, GBP, PLN, NGN | Instant | 24 hours |
| 💶 Visa | EUR, USD, GBP | Instant | 24 hours |
| 💷 MasterCard | EUR, USD, GBP | Instant | 24 hours |
| 💴 Maestro | EUR, USD, GBP | Instant | 24 hours |
| 💵 Google Pay | EUR, USD, GBP | Instant | N/A |
| 💶 Local Indian Payment Methods | INR | 24 hours | 24 hours |
| 💷 Local Nigerian Instant Bank Transfers | NGN | Instant | Instant |
| 💴 Equity Bank Transfer | KES, USD, EUR | 1 – 2 days | 1 – 2 days |
| 💵 Ghanaian Local Transfer | GHS | 24 hours | 24 hours |
| 💶 Africa Local Solutions | KES, ZAR, RWF, TZS, UGX | 1 – 2 days | 48 hours |
| 💷 M-Pesa | KES | Instant | Instant |
| 💴 FasaPay | USD, IDR | Instant | 24 hours |
| 💵 TC Pay Wallet | N/A | 1 hour | 24 hours |
| 💶 Google Pay | GBP, USD, EUR | Instant | N/A |
Broker Comparison – Deposit and Withdrawals
| 🔎 Broker | 🥇 FXTM | 🥈 Exness | 🥉 InstaForex |
| 1️⃣ Minimum Withdrawal Time | Instant | Instant | Instant |
| 2️⃣ Maximum Estimated Withdrawal Time | Up to 5 working days | Up to 72 hours | Up to 6 working days |
| 3️⃣ Instant Deposits and Instant Withdrawals | Yes, instant deposits | Yes | Yes |
Pros and Cons FXTM Deposits and Withdrawals
| ✅ Pros | ❎ Cons |
| There are flexible deposit and withdrawals offered | Withdrawal fees apply |
| There are several mobile options for Malaysians | Traders cannot deposit or withdraw in MYR |
Is there a minimum withdrawal amount on FXTM?
Yes, the minimum withdrawal amount varies depending on the payment method.
How can I ensure a smooth withdrawal process with FXTM?
Before withdrawing, ensure your account is verified, and you have met any bonus conditions or trading requirements.
How to make a Deposit with FXTM
To deposit funds to an account with FXTM, Malaysian traders can follow these steps:
- ✅ Log in to your MyFXTM Dashboard account.
- ✅ Navigate to the “My Money” section and choose “Deposit funds.”
- ✅ Select your desired deposit method, and click the “Deposit” option.
- ✅ Choose the trading account where you intend to add funds and provide the necessary details.
Verify the accuracy of your deposit information on the subsequent page.
How long do FXTM Deposits take?
Some deposits are instant, while others can take a few days.
Are there any deposit bonuses or promotions on FXTM?
Yes, FXTM occasionally offers deposit bonuses and promotions. However, there are no active deposit bonuses presently.
Can I deposit in different currencies with FXTM?
Yes, FXTM accepts deposits in various currencies, allowing traders to select the one that is most convenient for them.
How to Withdraw from FXTM
To withdraw funds from an account with FXTM, Malaysian traders can follow these steps:
- ✅ To begin, go to your MyFXTM Dashboard.
- ✅ Next, choose ‘My Money’ followed by ‘Withdraw funds’.
- ✅ Then, select the withdrawal method you prefer and click the ‘Withdraw’ button.
- ✅ Afterward, pick the desired account or wallet from which you wish to withdraw funds and complete all necessary fields.
Finally, hit the ‘Submit’ button.
How long do FXTM Withdrawals take?
Instant withdrawals are available on some bank transfer and mobile solutions, while most other methods take 24 hours and 2 days.
Are there any restrictions on withdrawing bonus funds?
Yes, bonus funds frequently have specific trading requirements; make sure you have met these requirements before attempting to withdraw bonus funds.
Is there a maximum withdrawal limit on FXTM?
While no maximum withdrawal limit exists, certain payment methods may have transaction limits.
FXTM Education and Research
FXTM Education
FXTM offers the following Educational Materials to Malaysian traders:
- ✅ Forex trading guides
- ✅ Forex trading strategies
- ✅ eBooks
- ✅ Forex Glossary
- ✅ Educational Videos
- ✅ Articles and tutorials
and much more!
FXTM also offers Malaysian traders the following additional Research and Trading Tools:
- ✅ Daily Market Analysis
- ✅ Podcasts
- ✅ Economic Calendar
- ✅ Forex Market News Timeline
- ✅ Market Analysis Videos
and many more!
Research and Trading Tool Comparison
| 🔎 Brokers | 🥇 FXTM | 🥈 Exness | 🥉 InstaForex |
| 🗂️ Economic Calendar | ✅Yes | ✅Yes | ✅Yes |
| 💻 VPS | ✅Yes | ✅Yes | None |
| 🖥️ AutoChartist | None | None | None |
| 📈 Trading View | None | ✅Yes | None |
| 📉 Trading Central | None | ✅Yes | None |
| 📊 Market Analysis | ✅Yes | ✅Yes | ✅Yes |
| 📰 News Feed | ✅Yes | ✅Yes | ✅Yes |
| 📌 Blog | ✅Yes | ✅Yes | ✅Yes |
Pros and Cons FXTM Education and Research
| ✅ Pros | ❎ Cons |
| Traders can register a demo account with FXTM to test the platforms | FXTM’s tools and education are limited compared to other brokers |
| FXTM offers basic educational materials to beginners | The demo account is only available for 30 days, after which it will expire |
Does FXTM offer any advanced training for experienced traders?
Yes, FXTM offers advanced trading strategies, insights, and tools to help experienced traders improve their skills.
Is FXTM’s educational content suitable for beginners?
Yes, FXTM provides beginner-friendly resources to ensure newcomers effectively grasp trading fundamentals.
FXTM Customer Support
| 🔎 Customer Support | 📌 FXTM Customer Support |
| ⏰ Operating Hours | 24/5 |
| 📍 Support Languages | Multilingual |
| 🥰 Live Chat | Yes |
| 💌 Email Address | Yes |
| ☎️ Telephonic Support | Yes |
| 5️⃣ The overall quality of FXTM Support | 4/5 |
Pros and Cons FXTM Customer Support
| ✅ Pros | ❎ Cons |
| FXTM is available on live chat from the official website | FXTM does not have 24/7 customer support in any region |
Is FXTM’s customer support available 24/7?
No, FXTM’s support is available 24 hours a day, five days a week, following the forex trading week.
How can I provide feedback or file a complaint with FXTM?
Clients can provide feedback or raise concerns via the FXTM dashboard or by contacting their dedicated account manager.
FXTM VPS Review
FXTM’s VPS service is a self-contained virtual computer that provides forex traders with a safe and flexible trading environment.
FXTM’s VPS is tailored to your requirements and is always connected to the internet, ensuring a safer and more stable trading experience, particularly during volatile market periods. You must first request permission to join FXTM’s network before you can use their VPS service.
After this is confirmed, you will be given a username and password that will allow you to connect to the server’s IP address using a remote desktop client.
Then, after connecting to the VPS, you are taken to a desktop environment with the same functionality and privacy as a physical laptop or PC. Then, you can return to your trading platform as usual.
Is there a fee associated with using FXTM’s VPS service?
Yes, FXTM charges a fee for the VPS service, but it may be waived for clients who meet certain trading volume requirements.
How can I set up my trading algorithms on FXTM’s VPS?
Yes, after subscribing to the VPS service, You can easily install and configure your trading algorithms and Expert Advisors on the server.
FXTM Trading Signals
FXTM’s trading signals are a partnership with Acuity, a renowned technical analysis provider, to simplify trading opportunity identification. Powered by Acuity, the Signal Centre is integrated into the MyFXTM platform, offering traders actionable trade ideas.
These insights, accompanied by expert analysis and AI-driven research, encompass many assets, providing precise entry, take-profit, and stop-loss levels.
Published three times daily to align with European, American, and Asian trading sessions, these recommendations serve as valuable tools for traders to refine their trading decisions and strategies.
Are FXTM’s trading signals suitable for all types of traders?
While they benefit everyone, beginners may find them especially useful because they provide a foundation for decision-making, but they must be combined with personal analysis.
Is there a fee associated with accessing FXTM’s trading signals?
No, FXTM provides trading signals as part of its services. However, some features might require a subscription.
FXTM Cashback Rebates Features and Conditions
FXTM’s cashback rebate system appeals to traders seeking to enhance their trading experience. Micro, Advantage, and Advantage Plus Account holders can receive up to 25% cashback on commissions or $5 per lot on Forex.
This system reduces the spread or transaction fee for every executed trade, regardless of the trade’s outcome. Moreover, traders collaborating with FXTM’s partners can earn up to 80%. Not only does this system reduce trading costs, but it also increases trader profitability.
How are cashback rebates calculated on FXTM?
Rebates are typically calculated based on trading volume or lot size, with specific rates detailed in the terms of the program.
Are there any trading requirements to qualify for FXTM’s cashback rebates?
Yes, while most traders are eligible for the program, there may be minimum trading volume or lot size requirements to earn rebates.
FXTM Web Traffic Report
| 🌎 Global Rank | 40,556 |
| 📌 Country Rank | 4,001 |
| 📍 Category Rank | 29 |
| 📈 Total Visits | 1.6 million |
| 📉 Bounce Rate | 56.51% |
| 📊 Pages per Visit | 3.18 |
| ⏰ Average Duration of Visit | 00:02:19 |
FXTM Geographic Reach and Limitations
FXTM Current Expansion Focus
FXTM focuses on markets with regulated entities in Europe, Africa, Asia, and the United Kingdom.
Countries not accepted by FXTM
FXTM does not provide service to the following areas:
- ✅ The United States
- ✅ Canada
- ✅ Japan
- ✅ Mauritius
- ✅ Haiti
- ✅ Suriname
- ✅ The Democratic Republic of Korea
- ✅ Puerto Rico
- ✅ Brazil
- ✅ The Occupied Area of Cyprus
- ✅ Hong Kong
Popularity among Malaysian traders who choose FXTM
FXTM is one of the Top 25 forex and CFD brokers in Malaysia.
Best Countries by Traders
| 🔎 Country | 📉 Market Share |
| 🥇 Egypt | 13.92% |
| 🥈 Kenya | 9.80% |
| 🥉 India | 7.50% |
| 🏅 United States | 6.45% |
| 🎖️ Malaysia | 4.98% |
Is FXTM available in the USA?
No, FXTM does not currently provide services to residents of the United States.
Are there any language barriers with FXTM?
FXTM’s platform and support are typically available in various languages, catering to a wide range of clients.
FXTM vs Exness vs InstaForex – A Comparison
| 🔎 Broker | 🥇 FXTM | 🥈 Exness | 🥉 InstaForex |
| 📌 Regulation | CySEC, FSCA, FCA, CMA, FSC Mauritius | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA | FCA, BVI FSC, CySEC, FSA SVG |
| 💴 Withdrawal Fee | ✅Yes | None | ✅Yes |
| 🆓 Demo Account | ✅Yes | ✅Yes | ✅Yes |
| 💵 Min Deposit | 47 MYR | 47 MYR | 5 MYR |
| 📈 Leverage | 1:2000 | Unlimited | 1:1000 |
| 📉 Spread | 0.0 pips, Variable | Variable, from 0.0 pips | 0.0 pips |
| 💷 Commissions | From $0.4 to $2 | From $0.1 per side, per lot | 0.03% to 0.07% |
| ▶️ Securities Commission of Malaysia (SCM) Regulation | None | None | None |
| 💷 MYR Deposits | None | ✅Yes | None |
| ↪️ MYR Account | None | ✅Yes | None |
| ⏰ Customer Service Hours | 24/5 | 24/7 | 24/5 |
| 5️⃣ Retail Investor Accounts | 3 | 5 | 4 |
| ☪️ Islamic Account | ✅Yes | ✅Yes | ✅Yes |
| 📉 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 100 lots | Unlimited | 100 lots |
| ⌚ Minimum Withdrawal Time | Instant up to 24 hours | Instant | Instant |
| ⏱️ Maximum Estimated Withdrawal Time | Up to 5 working days | Up to 72 hours | Up to 6 working days |
| ⏲️ Instant Deposits and Instant Withdrawals | ✅ Yes, instant deposits | ✅Yes | ✅Yes |
FXTM Alternatives
🥇 AvaTrade is a leading Forex and CFD broker dedicated to its core values of integrity, innovation, and empowering traders to trade confidently. AvaTrade, founded in 2006, provides an easy-to-use social copy trading platform and a wealth of educational resources. They offer customer service in multiple languages and are regulated by top-tier authorities, making them a safe and dependable option for CFD trading.
🥈 CMC Markets is a financial services company based in the United Kingdom that provides online trading in shares, spread betting, contracts for difference (CFDs), and foreign exchange across global markets. Since its inception, CMC Markets has introduced a real-time forex trading platform and CFD trading. CMC is based in London, with offices in Sydney and Singapore. It is a component of the FTSE 250 Index and is traded on the London Stock Exchange.
🥉 FP Markets is an Australian-based multi-asset broker that serves clients from over 80 countries. FP Markets, established and regulated in 2005, provides access to CFDs on Forex, Shares, Indices, Commodities, and Cryptocurrencies. They take pride in providing an exceptional trading experience and have been named the #1 Value Global Forex Broker numerous times.
FXTM Awards and Recognition
FXTM received the following recent awards and recognition:
- ✅ The Best Educational Program in 2022 – World Financial Award.
- ✅ The Most Trusted Forex Broker in 2022 – World Financial Award.
- ✅ The Best Islamic Forex Account in 2022 – World Financial Award.
- ✅ The Best Mobile App in 2022 – World Financial Award.
and many, MANY more!
Our Experience with FXTM
FXTM stands out from other forex brokers we have encountered due to its dedication to providing a seamless trading experience. Upon registration, we immediately noticed the platform’s intuitive user interface, making navigation simple for novice and experienced traders.
Furthermore, FXTM’s emphasis on education and abundant available resources demonstrates their commitment to empowering traders. We also commend the organization’s transparency, especially concerning its fees and process.
FXTM Trading Platform
In our experience, FXTM impresses with its versatile platform options, offering both MetaTrader 4 and MetaTrader 5, catering to a wide range of trading preferences.
These platforms shine with advanced charting tools, diverse technical indicators, and the convenience of automated trading through Expert Advisors (EAs).
What sets FXTM apart is the user-friendly FXTM Trader, a mobile trading solution perfect for today’s dynamic trading landscape. It empowers traders to stay connected to the markets while traveling, a crucial advantage in fast-paced trading scenarios.
Quality of Customer Service
The support staff at FXTM is top-notch and always pleasant and informative. They quickly respond to our inquiries, and their explanations of various account types and technical issues are helpful.
Thanks to options like live chat, email, and phone, we can get in touch with support in the best way for us. FXTM’s dedication to its global customer base is reflected in the availability of multilingual support.
FXTM Response Time
| 🔎 Support Channel | ⏰ Average Response Time | ⏱️ User-based Response Time |
| ☎️ Phone | 5 minutes | 4 minutes |
| 24 hours | Same-day | |
| 🥰 Live Chat | 5 – 10 minutes | 6 minutes |
| 🖥️ Social Media | 5 – 10 minutes | 5 minutes |
| 📌 Affiliate | 24 hours | Same-day |
How reliable is FXTM’s trading execution?
FXTM is well-known for its fast and dependable trade execution, which minimizes slippage and ensures optimal trading conditions.
What sets FXTM apart from other forex brokers?
FXTM distinguishes itself through its extensive educational resources, competitive spreads, and diverse trading instruments.
Recommendations according to our in-depth review of FXTM
In order to improve the overall user experience, we recommend the following:
- ✅ Improving educational resources should be a priority, and one way to do so is to increase the number of tutorial and educational video offerings. This expanded video content will cater to traders of varying levels of expertise, ultimately improving their trading understanding and skill development.
- ✅ FXTM should consider adding advanced features to its MetaTrader platforms to cater to advanced traders and solidify the company’s reputation in the industry. These upgrades will not only attract more experienced traders but will also help the platform’s overall competitiveness.
- ✅ FXTM should broaden its range of trading tools and resources to assist traders in developing effective trading strategies and improving their skills.
- ✅ FXTM should consider expanding its asset offerings to attract a more diverse audience of traders. This expansion could include a broader selection of cryptocurrencies and commodities, giving traders a broader range of investment options.
- ✅ Improving customer service is critical for fostering trader trust and loyalty. This can be accomplished by prioritizing professional and helpful interactions with customers and promptly and effectively addressing any reported issues of rudeness and unhelpfulness.
Finally, offering various trading contests and bonuses can help traders have a more engaging and rewarding trading experience. These initiatives can act as incentives, creating a more vibrant trading community.
FXTM Customer Reviews
🥇 Great Support!
FXTM’s customer service is great, and they offer several channels through which you can reach out for help. Their live chat provides clear and detailed responses, and you can also contact them via email and phone. – Kenneth
🥈 Thank You.
I’ve had to contact FXTM support three times, and each time they’ve been extremely helpful. – Bella
🥉 Positive!
So far, my experience with FXTM has been positive. The platform provides a micro account that allows trading in cents, a great option for beginners! – Martin
FXTM Pros and Cons
| ✅ Pros | ❎ Cons |
| FXTM is well-regulated in several regions | FXTM charges withdrawal fees |
| There is negative balance protection applied to retail accounts | FXTM does not offer an extensive product portfolio like other brokers |
| There are three flexible account types to choose from | Inactivity fees apply |
| FXTM is a well-known ECN and STP broker with low, competitive spreads | Customer support does not operate 24/7 |
In Conclusion
In our experience, FXTM is a multi-award-winning, industry-leading Forex and CFD broker that provides excellent trading conditions, advanced education, and the best trading tools available.
Several financial authorities regulate FXTM, making it a safe and secure place to trade. FXTM is a reputable and secure trading platform that is well-liked by traders of all skill levels, from novice to professional.
FXTM provides traders with a cashback rebate system that improves their trading experience by compensating traders for every executed trade and lowering the spread or transaction fee regardless of the trade’s outcome.
FXTM’s research offering is solid, with 2-3 written articles on current market analysis published daily. In addition, the company offers quality market research and educational content for new traders. Furthermore, FXTM’s MT4/5 web trading platform provides new traders with an excellent user experience and enriching educational materials like live webinars.
The company also provides personalized support from an Account Service Manager, and FXTM customer support agents can be reached via email, phone, live chat, and their website.
On the downside, FXTM charges average CFD fees, an inactivity fee, and, in most cases, a withdrawal fee. The product portfolio is limited because it lacks certain asset classes such as ETFs, bonds, mutual funds, etc. FXTM, on the other hand, is an excellent choice for traders of all levels due to its excellent customer service, educational tools, and digital and quick account opening.
Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker. Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements. Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.
Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all Malaysian investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.
Addendum/Disclosure: No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.
Frequently Asked Questions
Does FXTM offer automatic negative balance protection?
Yes, FXTM applies for negative balance protection on retail trading accounts.
Is FXTM Safe or a Scam?
FXTM is safe because the well-known FCA and several other reputable bodies regulate it.
What financial instruments can I trade on FXTM?
FXTM offers various financial instruments, such as forex, indices, commodities, etc.
How long does it take to withdraw from FXTM?
Depending on the payment method, withdrawals can be processed immediately or take up to a few business days.
Does FXTM have VIX 75?
Volatility 75 / VIX is not available on FXTM right now.
How do I become a verified client of FXTM?
To become a verified client, you need to finish the registration process and give the necessary documents for verification.
Does FXTM have Nasdaq 100?
Yes, Nasdaq is listed as NQ100_M on the Spot Indices market of FXTM’s Advantage and Advantage Plus Accounts.
Why can’t I log in to my trading account on FXTM?
You might be unable to log in to your trading account for several reasons, such as having the wrong login information or a problem with the account itself. If you encounter issues with your FXTM login, contact customer support immediately.
Is FXTM regulated?
Yes, CySEC, FSCA, FCA, CMA, and the FSC regulate FXTM.
Is FXTM safe for Malaysian traders?
Yes, FXTM is safe for Malaysian traders even though the broker is not regulated in the country.
