FXTM review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
FXTM suits retail traders who want a single account spanning forex, metals, crypto and equities, starting at a minimum deposit of $10 with an inactivity fee of $5. The FCA and CySEC licences carry FSCS up to GBP 85,000, while 88% of retail accounts lose money.
Key facts
- Best for
- Retail traders wanting forex and multi-asset trading under FCA and CySEC licences at a small deposit.
- Minimum deposit
- $10↗
- Inactivity fee
- $5↗
- Markets
- Stocks, ETFs, Forex, CFDs, Futures, Crypto, Bonds, Metals↗
- Regulators
- FCA, CySEC↗
- Investor protection
- FSCS up to GBP 85,000↗
- Retail accounts that lose money
- 88%↗
- Deposit and withdrawal fees
- No deposit fees; withdrawal fees vary by method↗
- Platforms
- Desktop, Mobile App, MetaTrader 4, MetaTrader 5↗
- Maximum retail leverage
- 1:2000↗
- Support channels
- Help-centre↗
- Features
- Demo account, Copy trading, Mobile app, Crypto
- Official website
- fxtm.com
Facts checked September 26, 2026, 4 sources
Pros and cons
Pros
- Markets cover stocks, etfs and forex, so forex, metals, crypto, bonds, futures, shares and ETFs sit in the same account.
- The $10 minimum deposit keeps the entry point modest, sitting at 102 of 218 brands on this measure.
- Retail leverage runs to 1:2000, which suits a trader who sizes positions tightly and watches margin.
- Deposits follow No deposit fees; withdrawal fees vary by method, so funding the account does not cost a share of the balance.
- The feature list, demo account, copy trading and mobile app, puts a demo account, copy trading, a mobile app and crypto in the offer.
Cons
- Support runs on help centre only, so a trader who wants a live conversation is left to the help centre.
- 88% of retail accounts lose money, which points the account at trading money rather than savings.
- A dormant account attracts an inactivity fee of $5, placing the brand at 31 of 56 on that measure.
- The cost of withdrawing is not a fixed price: No deposit fees; withdrawal fees vary by method, so the charge depends on the method chosen.
Ready to try FXTM?
Scored 9.2 / 10 by SumCue.
Who it suits
- Retail traders who want forex, metals, crypto and equities in a single account rather than a pure currency desk.
- Traders comfortable with retail leverage of 1:2000 and with 88% of retail accounts losing money.
- Residents in Britain and Cyprus who want the account held by a regulated entity, with FSCS up to GBP 85,000 as the stated ceiling.
Who should look elsewhere
- Traders unwilling to fund anything: CFI lists a $0 minimum, so it takes no deposit at all where FXTM asks for $10.
- Readers after a plain bank account rather than a leveraged broker, since bunq's personal plans start at €10 with no trading leverage attached.
- People after consumer credit rather than trading, since Fiesta Credito MX names CONDUSEF as its regulator instead of the FCA or CySEC.
Safety of your money
The regulators listed for the brand are FCA and CySEC. Claims protection runs through the scheme at FSCS up to GBP 85,000, which sets the ceiling on what an eligible claim pays and says nothing about trading losses on the account itself. Cover attaches to the scheme rather than the brand name, so the entity holding the account decides which scheme applies and what a claim is worth.
Fees and currency costs
The account opens from a minimum deposit of $10, which places the brand at 102 of 218 on this measure. Money moving in and out follows No deposit fees; withdrawal fees vary by method, so the cost of taking money out depends on the method chosen rather than a single published price. An account left dormant attracts an inactivity fee of $5, and the brand sits at 31 of 56 on that fee.
Regulation and registers
Licence records place the brand under the FCA in Britain and CySEC in Cyprus. A trader may therefore hold an account with an entity in either market, and the rules that follow are not identical: client money treatment, complaint routes and the scheme that would answer a claim. Which entity the account sits under matters as much as the brand on the login screen.
Markets and platforms
The tradable list runs to stocks, etfs and forex, which puts the brand well above a pure forex desk and lets a single account carry metals, bonds, futures, crypto, shares and ETFs at once. Platform choice is Desktop, Mobile App and MetaTrader 4, covering the MetaTrader desktop platform and the mobile app, so the same markets stay reachable from a phone.
Who runs it
Support runs on help centre, which suits a trader who is happy finding answers alone rather than waiting for a call to be picked up. The trading tools sit in the same offer: a demo account for practice, copy trading for following other traders, a mobile app and crypto. For anyone who needs a named person at the end of a phone line, the help centre is the weak point in the setup.
How FXTM compares
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Where FXTM is available
Frequently asked questions
How much do I need to deposit to start with FXTM?+
The account opens from $10, which puts the brand at 102 of 218 on this measure. It is a modest floor rather than a large one, though anyone unwilling to fund anything has an alternative: CFI lists a $0 minimum.
What do deposits and withdrawals cost?+
No deposit fees; withdrawal fees vary by method is the short answer. Nothing is charged for funding the account, while the cost of taking money out depends on the method chosen, so frequent traders pay this more often than occasional ones. Anyone who needs a fixed cost on every withdrawal should read the method list before opening.
What happens if the account sits idle?+
A dormant account attracts an inactivity fee of $5, and the brand ranks 31 of 56 on that measure. Closing the account, or trading from time to time, avoids the charge, so a trader who parks money here for years pays for the privilege.
Is the money protected if something goes wrong?+
Claims protection runs through the scheme at FSCS up to GBP 85,000, under the regulators listed at FCA and CySEC. That figure is a ceiling on an eligible claim, not a promise of return, and it does not cover losses from trading, which is where most of the risk sits on a leveraged account.
What can I trade on the account?+
The market list covers stocks, etfs and forex, so forex sits alongside metals, bonds, futures, crypto, shares and ETFs on the same account. That breadth suits a trader who wants exposure across asset classes, and it puts the brand above a desk that handles nothing but currency pairs.
Which platforms and apps can I use?+
Trading runs on Desktop, Mobile App and MetaTrader 4, covering the MetaTrader desktop platform and the mobile app, so positions can be opened and closed away from a desk. The feature list, demo account, copy trading and mobile app, also includes a demo account, which gives a place to practise before real money goes in.
How much leverage do I get?+
Retail accounts run to 1:2000, a high cap that magnifies gains and losses alike. It suits a trader who sizes positions tightly and watches the margin rules, and it is a poor match for anyone holding a position through a sharp move without watching it.
How many retail accounts end up losing money?+
88% of retail accounts lose money, which sits at the high end of the figures on this site, where the median is 72.13%. Leverage magnifies the outcome either way, so position sizing does more for the result than the choice of broker.
Sources
- brokersway.com/comparison/pepperstone-vs-fxtm checked September 26, 2026
Backs: Investor protection, Maximum retail leverage, Minimum deposit, Regulators, Licences
“The Maximum leverage is as high as 1:2000”
- trade-leader.com/forex/fxtm checked September 26, 2026
Backs: Deposit and withdrawal fees, Inactivity fee
“there are no deposit or withdrawal fees”
- fxtm.com/affiliates checked September 26, 2026
Backs: Retail accounts that lose money
“88% of retail investor accounts lose money when trading CFDs with this provider”
- fxtm.com/en checked September 26, 2026
Backs: Features, Markets, Platforms, Support channels
“Demo - Mobile App - MetaTrader 4 - MetaTrader 5”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Stock trade fee, Account fee.
FXTM
Retail traders wanting forex and multi-asset trading under FCA and CySEC licences at a small deposit.