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 provided
FXTM ECN Account: 60+ products available to trade • FXTM

FXTM ECN Account Review

THE FXTM ECN account is one of a range of STP/ECN accounts offered by FXTM. It provides variable spreads down to 0.1 for EUR/USD along with a commissions charge starting at $4 per lot round trip. 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.

Demo account

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

Account services

FXTM provides signals available from the dashboard, which can show conjectured outcomes for Forex pairs. FXTM also allows the trader to register with a Copy Trading provider and provides Trading Central. Trading Central provides a range of technical analysis. Both these services can be accessed from the account dashboard. FXTM also selects MT4 indicators and provides these for download. All these services are available for the ECN account.

FXTM provides webinars, seminars and an e-Book titled: 'The Road to Success: 50 Successful Traders’ Habits', by FXTM's Head of Education. FXTM also has a 'Show Me How' feature which provides videos showing clients how to use their account.

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.


The ECN account provides MT4 and a webtrader which is based on MT4. The web trader has bar, candlestick and line charts and time frames from one minute to one week and 30+ technical indicators. MT4 increases the number of technical indicators available and the range and number of markets.


There are 45+ Forex pairs and Spot Silver and Gold, Oil and Natural Gas and Indices available on the ECN account. The web trader has 20 Forex pairs available. Share CFDs are not available on this account but are available on the Shares account.


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-$3,000 in their account and trade volumes less than $100 million. For account equity above $5 million, commissions charges are determined on an individual basis.

Spreads and leverage

Spreads are variable. For the ECN account, the minimum spread for EUR/USD, AUD/USD and USD/JPY is 0.1. For GBP/USD, the minimum spread is 0.2. The minimum spread for Gold (XAU/USD) is 5, with a typical spread of 35 and the minimum spread for Silver (XAG/USD) is 0.4, with a typical spread of 5.2. These figures are for normal market conditions and spreads can widen.

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 STP/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 STP/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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