FXTM Review crypto broker 2024

Our veredict

FXTM is a well-regarded broker in the cryptocurrency space, providing access to a range of digital assets through its MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. One of its major strengths lies in its robust regulatory framework, with oversight from reputable bodies like the FCA in the UK, the FSC in Mauritius, and the CMA in Kenya. This ensures a high level of security and trustworthiness for users. Additionally, FXTM offers competitive trading conditions with low spreads starting from 0 pips, fast execution speeds, and leverage up to 1:2000. The platform is well-suited for both day traders and swing traders, thanks to its comprehensive suite of tools and resources​.
However, FXTM has some drawbacks. It lacks a beginner-friendly platform, making it less suitable for novice traders despite its educational resources. The absence of copy trading features also limits its appeal to those interested in social trading. Additionally, certain payment methods incur withdrawal fees, which can be a disadvantage for cost-conscious traders. Overall, FXTM is a strong choice for experienced traders looking for a reliable and regulated platform with excellent trading tools and conditions​​.

Pros

Cons

3,5

Threenvest Score

Fees

4,2/5

Regulated

CySEC, FCA, FSCA

At Threenvest, we are unwaveringly committed to providing you with unbiased ratings and information. Our editorial team operates independently, free from any advertising influence. We use meticulous, data-driven methodologies to evaluate financial products and companies, ensuring that all assessments are conducted on a level playing field.

To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose FXTM?

Choosing FXTM as your cryptocurrency trading platform offers several compelling advantages. Firstly, the platform’s regulatory framework is robust, with oversight from esteemed bodies such as the FCA in the UK, CySEC in Cyprus, and the FSC in Mauritius. This ensures a high level of trust and security for traders, with client funds segregated and insured by Lloyds of London​. The strict adherence to regulatory standards guarantees that FXTM operates transparently and reliably, providing traders with peace of mind.
Secondly, FXTM excels in offering a variety of advanced trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are renowned for their powerful trading tools, customizable charts, and automated trading capabilities. MT5, in particular, provides enhanced features such as additional order types, an integrated economic calendar, and access to a broader range of financial markets​​. This makes FXTM suitable for both novice and experienced traders, allowing them to tailor their trading experience to their specific needs.
Lastly, FXTM’s customer service and educational resources are noteworthy. The broker provides 24/5 multilingual support, ensuring that traders can get help whenever needed. Additionally, FXTM offers a wealth of educational materials, including webinars, tutorials, and market analysis, to help traders improve their skills and make informed decisions​​. These resources are invaluable for traders looking to deepen their understanding of the market and enhance their trading strategies.
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EIP and Cryptocurrency Investor

As an expert on our site, I highly recommend FXTM for cryptocurrency trading. Their strong regulatory framework, including oversight from the FCA and CySEC, ensures top-tier security and transparency. The platform’s advanced MT4 and MT5 tools cater to both novice and seasoned traders, offering powerful features like customizable charts and automated trading. Additionally, FXTM’s extensive educational resources and responsive customer service make it an excellent choice for those looking to enhance their trading skills. With low spreads and fast execution speeds, FXTM provides a reliable and efficient trading environment.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

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Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.