FXTM fees, after the safety questions
Cost is the last thing to weigh when the question is whether your money is safe, so this page comes after the regulation page and reads in that light.
Regulation: FSC Mauritius (C113012295); FSCA South Africa (50320); CMA Kenya (135). How FXTM is regulated
Facts last checked . Read the full FXTM review.
What it costs to trade
- Spread from
- 0.0 pips
- EUR/USD spread
- Approx. 0.1 pips, Advantage
- GBP/USD spread
- Approx. 0.3 pips, Advantage
- Commission
- $3.50 per side / $7 round turn, Advantage
- All-in cost, EUR/USD
- Approx. 0.8 pips
- Spread type
- Variable
- Overnight swap
- Both: swaps charged/credited; swap-free accounts available
- Inactivity fee
- $10/€10/£10 per month after 3 months inactivity
- Deposit fee
- Generally none; $3 low-transaction fee can apply below $30
- Withdrawal fee
- Skrill/Neteller/crypto free; card $3; bank wire $30
- Currency conversion
- Conversion at applicable exchange rate/charges
What this means
Cost is the last thing to weigh here, and never the thing that should decide it.
A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.
Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.
FXTM lists a minimum deposit of $30. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.
Questions about FXTM fees
Does FXTM charge to deposit or withdraw?
Deposit fees at FXTM: Generally none; $3 low-transaction fee can apply below $30. Withdrawal fees: Skrill/Neteller/crypto free; card $3; bank wire $30.
Does FXTM charge an inactivity fee?
FXTM's inactivity fee is recorded as $10/€10/£10 per month after 3 months inactivity.
What does FXTM charge to hold a position overnight?
Overnight financing at FXTM is recorded as both: swaps charged/credited; swap-free accounts available.
Fees at brokers under the same regulator
- XM fees also licensed by FSC (Mauritius)
- Exness fees also licensed by FSC (Mauritius)
- HF Markets fees also licensed by FSC (Mauritius)
- FP Markets fees also licensed by FSC (Mauritius)
- AvaTrade fees also licensed by FSCA (South Africa)