How quickly can I open an account and start trading at FXTM?
💡 Answer
Getting started with FXTM is straightforward. Here's what you need to know:
Minimum Deposit: $50 (Edge), $200 (Advantage/Advantage Plus)
Account Types: Edge, Advantage, Advantage Plus, Islamic, Demo
Platforms: MetaTrader 4, MetaTrader 5
Base Currencies: USD, EUR, GBP
To get started:
1. Register online and verify your identity
2. Choose your account type and base currency
3. Make your first deposit (minimum $50 (Edge), $200 (Advantage/Advantage Plus))
4. Download your preferred trading platform
5. Start trading
Open your account in minutes — start the registration at FXTM official website.
More FAQs about FXTM
- Does FXTM accept traders from all countries?
- Should I choose FXTM as my forex broker?
- What country is FXTM headquartered in?
- What market research tools are included with a FXTM account?
- How does FXTM Trustpilot rating compare to other brokers?
- Can I deposit with a credit card at FXTM, and how long do withdrawals take?
- What social trading platforms does FXTM integrate with?
- Is FXTM good for algo trading, and do they offer VPS hosting?
- Does FXTM support trading in stocks, indices, and commodities?
- How many account types does FXTM have, and what are the differences?
- What charting platforms does FXTM support?
- What is the cheapest way to fund an account at FXTM?
- How does leverage work at FXTM, and when does a margin call trigger?
- What is the cost structure at FXTM for forex trading?
- Which regulators oversee FXTM, and are there any investor protection schemes?
Guides Where FXTM Is Featured
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These guides include FXTM alongside other forex brokers, grouped by trading features, platforms, availability, and trader requirements.
FXTM vs FP Markets vs Switch Markets - Forex Broker Comparison (August 2026)
Side-by-side comparison of FXTM vs FP Markets vs Switch Markets. Quickly scan spreads, leverage, regulations, platforms, instruments, fees, trading conditions, payment options and account types to narrow down your forex broker shortlist. Data updated August 2026.
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FXTM
Global Forex & CFD Broker with Ultra-High Leverage
|
FP Markets
Australian ECN Forex & CFD Broker
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Switch Markets
Australian-Backed Multi-Asset CFD Broker With 1:1000 Leverage
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|---|---|---|---|
| Overview | |||
| Trustpilot Rating | 2.5 | 4.8 | 4.6 |
| Trustpilot Reviews | 1,097 | 10,252 | 918 |
| Headquarters | Mauritius | Australia | Australia |
| Founded | 2011 | 2005 | 2019 |
| Best For | High Leverage Low Spreads Beginners Education Copy Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional | Low Spreads ECN Trading Scalping Algo Trading Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional | Beginners Low Deposit High Leverage Low Spreads Scalping Algo Trading Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional |
| Trust & Safety | |||
| Regulation | FCA (UK) FSC (Mauritius) FSCA (South Africa) CMA (Kenya) SCA (UAE) | ASIC (Australia) CySEC (Cyprus) FSCA (South Africa) FSA (Seychelles) CMA (Kenya) | VFSC (Vanuatu) FSA (St. Vincent and the Grenadines) |
| Fund Segregation | ✅ Yes | ✅ Yes | ✅ Yes |
| Negative Balance Protection | ✅ Yes | ✅ Yes | ✅ Yes |
| Compensation Scheme | Up to GBP 85000 under FCA FSCS; Up to USD 1000000 Lloyds insurance (Mauritius entity) | Up to €20,000 under CySEC ICF | None (offshore entity). Client funds held in segregated accounts at tier-one banks. |
| Trading Costs | |||
| Min Spread | From 0.0 pips (Advantage), From 1.5 pips (Advantage Plus) | From 0.0 pips (Raw), From 1.0 pips (Standard) | From 0.0 pips (Pro), From 1.4 pips (Standard) |
| Commission | $3.50/lot (Advantage), None (Advantage Plus) | $3/lot/side (Raw), None (Standard) | $3.50/lot/side ($7 round turn) on Pro, None on Standard |
| Swap-Free (Islamic) | ✅ Yes | ✅ Yes | ✅ Yes |
| Inactivity Fee | $10/month after 3 months inactivity | None | None |
| Deposit/Withdrawal Fees | Deposits free over $30. Withdrawals: Bank wire EUR 30, Cards EUR 2, FasaPay 0.5%, WebMoney 2% | No deposit fees. Bank withdrawal A$10 international. E-wallets free | No deposit or withdrawal fees charged by the broker. Most withdrawals processed within 1 business day. |
| Trading Conditions | |||
| Max Leverage | 1:3000 (Mauritius), 1:400 (Kenya), 1:30 (UK retail) | 1:500 (Global), 1:30 (EU/AU retail) | 1:1000 (Global) |
| Min Deposit | $50 (Edge), $200 (Advantage/Advantage Plus) | $100 | $50 |
| Execution Type | ECN | ECN | STP |
| Stop Out Level | 50% | 50% | 20% |
| Margin Call Level | 80% | 100% | 50% |
| Instruments | 47 Forex 600+ Stocks 18 Indices 10 Commodities 3 Metals 4 Energies 17 Crypto ETFs | 70+ Forex 10000+ Stocks 12 Indices 3 Commodities 4 Metals 2 Energies 5 Crypto ETFs Bonds | 65 Forex 1319+ Stocks 26 Indices 15 Commodities 2 Metals 2 Energies 41 Crypto |
| Currency Pairs | 47 | 70 | 65 |
| Min Lot Size | 0.01 | 0.01 | 0.01 |
| Platforms & Tools | |||
| Trading Platforms | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 cTrader TradingView IRESS | MetaTrader 4 MetaTrader 5 |
| Mobile App | ✅ Yes | ✅ Yes | ✅ Yes |
| Copy Trading | ✅ Yes | ✅ Yes | ✅ Yes |
| Expert Advisors (EA) | ✅ Yes | ✅ Yes | ✅ Yes |
| VPS Hosting | ✅ Yes | ✅ Yes | ✅ Yes |
| API Access | ✅ Yes | ✅ Yes | ❌ No |
| Education | Webinars Video Tutorials eBooks Beginner Guides Trading Articles Demo Accounts | Webinars Video Tutorials Forex 101 Articles Trading Guides Podcast | Trading Academy Video Tutorials Trading Glossary Market News Economic Calendar Webinars |
| Account & Support | |||
| Account Types | Edge Advantage Advantage Plus Islamic Demo | Standard Raw Islamic IRESS Demo | Standard Pro (Raw) Islamic PAMM Demo Micro |
| Payment Methods | Credit/Debit Cards Bank Wire Skrill Neteller FasaPay WebMoney Perfect Money Google Pay | Credit/Debit Cards Bank Wire PayPal Skrill Neteller UnionPay Crypto Apple Pay Google Pay | Credit/Debit Cards (Visa Mastercard) Bank Wire Skrill Neteller FasaPay Perfect Money Crypto (Bitcoin) Globepay Paytrust Nganluong |
| Withdrawal Speed | Same day (e-wallets), 1-3 days (cards), 3-5 days (bank wire) | Same day (e-wallets), 1-2 days (cards), 3-5 days (bank wire) | Same Day (most methods, processed within 1 business day) |
| Support Hours | 24/5 Live Chat, Email, Phone | 24/7 Live Chat, Email, Phone | 24/5 Live Chat, Email, Phone (multilingual) |
FXTM
FP Markets
Switch Markets