FXFXTM at a glance
- Best for: Cheapest ECN commission
- SpreadScout score: 4.4 / 10
- Regulation: FSC, FSCA, CMA
- Spreads from: 0.0 pips (typical) · Min deposit: $10 · Max leverage: 1:2000
- ECN commission $2/side ($4 round-turn) — among the lowest
- All-in cost circa $5.50/lot on ECN
Overview: who FXTM is best for
FXTM’s ECN account has the lowest per-side commission in our dataset: $2.00/side ($4.00 round-turn). With typical raw EUR/USD spreads of 0.0–0.15 pips, the all-in cost comes to circa $5.50 per lot — the cheapest ECN pricing we have found, undercutting IC Markets by circa $1.70 per lot.
The caveat is that FXTM’s commission tiers are volume-dependent, and spreads can widen more than IC Markets during off-peak hours. The headline $5.50 figure holds during London and New York sessions but may stretch to $7–$8 during the Asian session.
FXTM also offers a Cent account for micro-lot testing at real-money risk — useful for cost-conscious beginners who want to validate a strategy before committing to full lots.
Pros & cons
Pros
- ECN commission $2/side ($4 round-turn) — among the lowest
- All-in cost circa $5.50/lot on ECN
- Cent accounts for micro-lot testing
- $10 minimum deposit
Cons
- Variable commission tiers add complexity
- MT4/MT5 only — no cTrader
- Some entities under weaker regulation
- Wider spreads on Standard account
Fees & spreads
ECN account: 0.0–0.15 pips + $2.00/side commission = circa $5.50 per lot during peak sessions. Commission structure varies by account tier — higher-volume tiers may see different rates. Standard account: 1.5 pips commission-free = circa $15 per lot. Cent account: circa 1.8–2.0 pips — not competitive on cost, but allows genuine micro-lot live trading from $10.
No deposit fees. Inactivity fee is $5/month after 6 months — lower than most competitors. Islamic accounts available on all types.
| Cost (EUR/USD) | FXTM | IC Markets | Pepperstone |
|---|---|---|---|
| Spread — standard | 1.5 pips (typical, Standard) | 0.8 pips (typical) | 1.0 pips (typical) |
| Spread — raw/ECN | 0.0–0.1 pips (typical, ECN) | 0.0–0.1 pips (typical) | 0.07–0.1 pips (typical) |
| Commission | $2.00/side on ECN ($4 round-turn) | $3.50/side ($7.00 round-turn); cTrader $3.00/side | $3.50/side ($7.00 round-turn); cTrader $3.00/side |
| All-in cost / lot | circa $5.50 per lot (ECN) | circa $7.20 per lot | circa $7.70 per lot |
| Minimum deposit | $10 | $200 | $0 |
Spreads live-sampled on EUR/USD during the London session. Figures are typical, not guaranteed.
Key facts at a glance
Markets you can trade
Platforms & tools
MT4 and MT5 only. No cTrader or TradingView. The Traders’ Hub resource centre adds market analysis and education alongside the platform. For traders whose strategy runs on MT4/MT5 EAs, FXTM’s low commission makes it a strong ECN choice.
Is FXTM safe? Regulation & protection
Short answer: FXTM is a safe, well-regulated choice. It is regulated by FSC, FSCA, CMA and holds client money in segregated accounts, with negative-balance protection. It is not authorised by the UK FCA, so UK residents should confirm onboarding eligibility and note that FSCS cover may not apply — None for UK retail (Mauritius FSC entity).
FXTM holds FSC Mauritius (C113012295), FSCA South Africa (46614) and CMA Kenya licences. UK retail clients are not served through an FCA entity. No FSCS protection. Negative balance protection applies. Client funds are segregated.
Deposits & withdrawals
Internal processing within 24 hours on business days. Bank transfers arrive in 2–5 business days. E-wallets are typically same-day. Withdrawal fees vary by method and region.
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