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FXTM
10 reviews
Min Trade USD 1
Min Deposit USD 200
Base Currencies USD, EUR, GBP, NGN
10 Users Review
3.3
5-star 0%
4-star 50%
3-star 30%
2-star 20%
1-star 0%
L
@lawanf
- 1 week ago

I wish they had TradingView so i give them 3 starts but they are good broker for starters

M
@mr_casey
- 1 month ago

Excellent customer support, FXTM is very beginner friendly but they should re-introduce the micro account

J
@josiah_edem
- 1 month ago

I just started trading with FXTM 5 months ago and its all good with affordable minimum deposit and fast MT5 platform, my only worry is that the spreads are a bit high

I see some comments here saying FXTM minimum deposit is high, that has now changed. I just opened an account with FXTM and their minimum deposit in Nigeria is NGN 7,000 which is around $5. FXTM low minimum deposit and easy account opening (under 5 minutes) is what attracted me to them.

S
@segun_33
- 1 month ago

I used to trade with fxtm 3 years ago but after the Nigerian government blocked their website I had to move on to another broker. FXTM also stopped offering the micro account which was loved by beginners, they have grown more and more distant from their consumer base

C
@chaka_muanzi
- 1 month ago

This broker is for rich people, if you dont have money dont near them. But their services are good, if you want to trade with them better open ECN Advantage account where the spread is more transparent.

Their fees are too high, whats going on FXTM? Dont you see what other brokers are doing, why are you being so ridiculous? I would have coped with the high spreads exceeding 2 pips but when I want to withdraw its just fee after fee after fee. The withdrawal fees are not even uniform

A very expensive broker to trade with, FXTM is definitely not meant for beginners, I can see why they discontinued the micro accounts. Their fees are simply too high; fees on deposits, fees on withdrawals, high spreads etc. With all the money they are charging one would expect better service and at least they should be on TradingView platform

M
@mercury01
- 1 month ago

Its difficult opening an account as the wait time is long, every step of the pricess they tell you to wait 24 hours liike really? I had to move to another broker

O
@obinna
- 1 year ago

FXTM minimum deposit is too high but you can trade Naira/USD currency pair with them & that is why i like them

FXTM

FXTM is a regulated broker that offers ECN Pricing on its MT4/5 Platforms