FXTM ECN Account Review

FXTM ECN Account Review

Forex, Gold, Silver & Commodities

  • FCA & CySEC regulated ✔
  • EUR/USD spreads from 0.1
  • ECN trading
  • $4 round trip commission
  • $500 minimum deposit
  • MT4 & MT5
FXTM ECN Account: 60+ products available to trade • FXTM

FXTM ECN Account Review

THE FXTM ECN account is one of a range of ECN accounts offered by FXTM on MetaTrader 4 (MT5) and its successor MetaTrader 5 (MT5). It provides variable spreads down to 0.1 for EUR/USD along with a commission charge starting at $4 per lot round trip.

As well as the ECN account there is an ECN Zero account (which does not charge commissions) and a Pro account, which does not charge commissions either but offers institutional spreads, without a commission charge (for a high minimum account balance).

FXTM is authorised and regulated by the FCA in the United Kingdom, is regulated by the CySEC in Cyprus and the FSC in Mauritius and is licensed by the South African FSCA.

Account opening and minimum deposit

FXTM can open accounts for residents of many countries around the world but not for residents of the USA, Japan, British Columbia, Quebec, Saskatchewan and some other countries. Account currencies available are GBP, EUR, USD and NGN. NGN accounts are only available for clients in Nigeria.

Account opening is rapid and takes the trader to a dashboard where the platforms can be accessed. The minimum deposit for the ECN account is $/€/£500 and ₦20,000. Margin call is 80% and stop-out is 50%. There is no limit to the number of orders.

The smallest trade size is micro lots (0.01) and the maximum trade size per trade is 100 standard lots. Scalping is welcome, there are no re-quotes and pip pricing is fractional.

The minimum deposit for the ECN Zero account is $/€/£200. The minimum account balance for the Pro account (i.e. to continue receiving spreads from 0, without a commission charge) is $/€/£25,000.

Demo account

FXTM provides a demo trading account for free which can be opened here: FXTM demo account.

Account services

FXTM offers copy trading via FXTM Invest and provides Markets Analysis and Education (including eBooks) on its website.

Islamic accounts

A swap free version of each account type is available, including the ECN account. Exotic Forex pairs cannot be traded from the swap free account.

Online trading platform

The ECN accounts offer both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available as desktop, web traders and mobile apps.


On the ECN and ECN Zero MT4 accounts, Forex, Indices, Energy and Metals is offered, for a total of 60+. On the ECN and ECN Zero MT5 accounts, Forex and Metals is offered, with a total of 30+. On the Pro account, Forex and Metals is available with a total of 30+ for MT4 and MT5.


Commissions start at $2 per lot per side, thus $4 per lot round trip. The commission charged depends on the equity in the trader's account and the volume traded. The commission of $4 per lot round trip is for traders who have 0-$2,999 in their account and trade volumes less than $100 million. For account equity above $5 million, commissions charges are determined on an individual basis. Commissions are only charged on the ECN account.

Spreads and leverage

Spreads are variable. For the ECN account, spreads for EUR/USD are from 0.1 plus a commission charge. For the ECN Zero account, EUR/USD spreads are from 1.5 without a commission charge. For the Pro account, EUR/USD spreads are from 0 without a commission charge.

For FXTM (FCA or CySEC regulated), maximum leverage is .


Deposit methods include credit/debit cards, China Union Pay, Rietumu Banka, Promsvyazbank, PPF Banka, WebMoney, Skrill, Neteller, Western Union Quick Pay, Payza, Alfa-Click and DotPay. FXTM does not charge a commission for deposits. FXTM does not charge a commission for withdrawals on the FXTM Virtual Mastercard, China Union Pay and Neteller. Fees/commissions are charged for other withdrawal methods.


  • Forextime UK Limited is authorised and regulated by the Financial Conduct Authority with license number 777911.
  • ForexTime Limited is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12 and is licensed by the Financial Services Board (FSB) of South Africa, with FSP No. 46614.
  • Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License with license number C113012295.

Summary and grade

This is an ECN account with a range of markets to trade, tight spreads and a competitive commission charge. A notable feature of this broker is the range of account types, all of which can be added from the dashboard. Thus the trader can trade under ECN conditions or not as the case may be, by accessing another account type. This flexibility provided by FXTM helps give it a Forex Trader Friendly Grade of A.

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