ForexTime Bonus ➡️ ( ForexTime Promo codes + Sign-up bonus) May 2026 New Zealand

The most redeemed ForexTime discount codes

FXTM trading fees

FXTM trading fees are low.

FXTM offers several account types that have different fees. We tested the ECN account, which has low spreads but charges a commission. The commission for ECN accounts is lower if you have a higher account balance and/or trade more. We calculated the commission for an account balance between $0-$2,999 and trading volume of less than $100 million.

We know it's hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.

We have chosen popular instruments within each asset class:

Stock index CFDs: SPX and EUSTX50

Stock CFDs: Apple, Vodafone

Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP

A typical trade means buying a leveraged position, holding it for one week and then selling. For the volume, we chose a $2,000 position for the stock index and stock CFDs and $20,000 for the forex transactions. The leverage we used is:

20:1 for stock index CFDs

5:1 for stock CFDs

30:1 for forex

These catch-all benchmark fees include spreads, commissions and financing costs for all brokers.

How to open your account

FXTM account opening is easy and fully digital. The online application takes roughly 25-30 minutes and our account was approved within one business day.

The 7 steps of FXTM account opening:

1. Add your email address, name, and country of residence. You need to give your phone number as well, where FXTM will send a PIN code.
2. Add more personal information, like date of birth and level of education.
3. Give your current address.
4. Answer some questions about your financial background and experience.
5. Fill out a questionnaire about your financial knowledge.
6. Select the account type you wish to open.
7. Verify your identity and residency by uploading a copy of your passport / ID / driver's license and a bank statement or utility bill.

FXTM offers a great variety of deposit and withdrawal options. Almost everything is available, including credit cards, bank transfer and electronic wallets. The main disadvantage is that FXTM charges a fee for most withdrawal types.

Account base currencies

At FXTM, you can choose from 4 base currencies: EUR, GBP, USD, NGN. NGN is available only for Nigerian residents.

This selection is almost the same as XTB's but lags behind XM's.

Why does this matter? For two reasons. First, if you fund your account in the same currency as your bank account, you are not charged a currency conversion fee. Second, if you trade assets in the same currency as your account base currency, you don't have to pay a conversion fee.

A convenient way to save on currency conversion fees is opening a multi-currency bank account. Revolut and Transferwise both offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

The web trading platform of FXTM is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report.

FXTM doesn't have its own self-developed trading platform, it uses third-party platforms: MetaTrader 4 and MetaTrader 5. These platforms are very similar to each other in functionality and design.

In this review we tested MetaTrader 4, as it is available for all account types and is more used by customers.

MetaTrader 4 is available in an exceptionally large number of languages.