FXTM costs beyond the spread.

FXTM costs beyond the spread.

FXTM says it keeps fees transparent, and its fee page lists three trading costs: spreads, commission and swaps. Which you pay depends on the account. Micro, Rewards Plus, Rewards and Advantage Stocks are spread-only. Advantage has spreads from zero on forex majors with a separate commission. Swaps apply to positions held overnight unless you use FXTM's swap-free setting within its day limits.

Account-level fees matter too. FXTM charges an inactivity fee, per-method withdrawal fees and a 3% fee for withdrawing without trading. None are hidden, but they are spread across different pages.

Spread accountsMicro 1.7, Rewards Plus 1.5, Rewards 0.9 pips (from)
AdvantageFrom 0.0 pips + $3.50 per side on FX
Stock tradesCommission-free on US shares
Inactivity$10 a month after 3 months without trading
WithdrawalsFree to $30 by method
No-trade withdrawal3% fee

Spreads by account

AccountSpread fromCommission
Micro1.7 pipsNone
Rewards Plus1.5 pipsFree of commission
Rewards0.9 pipsNo commission either
Advantage0.0 pips on FX majorsYes, see below
Advantage Stocks4 centsZero

FXTM's spreads are floating. They widen when liquidity is low or markets are volatile, and the 'from' figure is the best case. The contract specifications page shows the minimum and typical spread for each instrument; check the typical figure, not the minimum.

Advantage commission

AssetCommission
Forex$3.50 per lot per side ($7 round turn)
Spot metals$25 per million notional
Indices, commodities and crosses$35 per million notional
Cryptocurrencies0.03% of notional value
Stock CFDs (MT5)$0.02 per side per lot
ETF CFDs (MT5)$0.01 per side per lot

On MT4, Advantage charges the full round-turn commission when you open the trade. MT5 splits it, charging half at opening and half at closing. FXTM's worked examples show 2.5 lots of EURUSD costing $17.50 in commission, one lot of gold at $2,274 about $11.38, and one lot of US500 at 5,202 about $0.36.

The UAE stock CFD commission is listed as 0.04% of notional on its accounts page but 0.30% in a Help Centre article. If you plan to trade UAE shares, confirm the rate in the platform.

Swaps

A swap is the overnight financing adjustment on a position; it can be a charge or a credit. FXTM's example: holding 1 lot of EURUSD with a swap rate of -1.5 for three nights costs 1 x $10 x -1.5 x 3 = $45. Triple swaps apply on Wednesday night for forex and metals, Thursday night for USDCAD, USDTRY and EURTRY, and Friday night for CFDs. Our FXTM swap-free guide explains the swap-free day limits.

Account and payment fees

FeeAmount
Inactivity$10, EUR10 or GBP10 a month after 3 months with no trading, until the balance is used up or you trade again
Card withdrawal$3, EUR3 or GBP3
Bank wire withdrawal$30
Skrill, Neteller, crypto withdrawalFree
Withdrawal with no trade since last deposit3% of the amount
Crypto deposit under $30$3
Currency conversionFXTM's daily conversion rate

Deposits are free from FXTM's side, though a provider fee may apply to some methods. Our FXTM withdrawal guide covers the closed-loop rule that decides which method you can use.

Dividend adjustments

If you hold index or stock CFDs over an ex-dividend date, FXTM adjusts your balance so the price drop doesn't count as a real gain or loss. Long positions are credited, short positions debited. FXTM's example: 20 lots long NAS100 with a $3.55 adjustment receives a $71 credit, while the same short position is debited $71. Weekly adjustments are published on its dividends calendar.

Reducing what you pay

  • Pick the account that matches your volume: Advantage for frequent trading, spread accounts for occasional trades.
  • Earn Reward Points on Rewards Plus, Rewards or Advantage and redeem them for cash at 500 points per $1.
  • Use Skrill, Neteller or crypto for free withdrawals once your card loop is closed.
  • Trade at least once after each deposit to avoid the 3% fee.
  • Log in and trade within every three months, or withdraw, to avoid the inactivity fee.

Spread or commission: a worked comparison

Take one standard lot of EURUSD, where a pip is worth about $10. At its advertised minimum spread of 0.9 pips, the Rewards account would cost about $9 for the trade, all in the spread. On Advantage, at a 0.0-pip spread, the cost is the $7 round-turn commission. At those best-case figures Advantage is cheaper per lot, and the gap grows with volume.

Real spreads are usually wider than the minimum, on both accounts, so check the typical spread on FXTM's contract specifications page before comparing. Rewards accounts also earn more Reward Points per trade, which offsets part of the spread at 500 points per dollar.

Costs also vary at the edges of the range. Micro has the widest starting spread, 1.7 pips, but trades in cents, so the dollar cost per trade is small. Advantage Stocks charges no commission or swaps at all, only the spread from 4 cents a share, which makes it one of the cheapest ways to hold US shares for long periods at FXTM.

FXTM's trading costs are clear; its account fees are the part people miss. The $10 monthly inactivity fee and the 3% no-trade withdrawal fee can cost more than a year of spreads for an occasional trader.
Jowel RanaFact-Checker & QC, FX Recap
Illustrative case: Tunde, 28, Abuja

Tunde traded about 15 lots of EURUSD a month on a Rewards account. When he compared his spread costs with Advantage's $7 round-turn commission and near-zero spreads, Advantage looked cheaper, so he opened one once his balance passed the $500 minimum.

Frequently asked

What fees does FXTM charge?

Spreads on all accounts, commission on Advantage, overnight swaps, withdrawal fees by method, a 3% fee for withdrawing without trading, and a $10 monthly inactivity fee after three months.

What is FXTM's commission on Advantage?

$3.50 per lot per side on forex ($7 round turn), $25 per million on metals, $35 per million on indices, commodities and crosses, and 0.03% on crypto.

Does FXTM have an inactivity fee?

Yes. After 3 months with no trading, FXTM charges $10, EUR10 or GBP10 a month until you trade or the balance is used up.

Does FXTM charge deposit fees?

FXTM says it doesn't charge deposit fees, though some providers may. Crypto deposits under $30 have a $3 fee.

Which FXTM account has the lowest cost?

For active forex traders, Advantage usually costs least, with spreads from 0.0 pips and $7 round-turn commission. Occasional traders may prefer spread-only accounts.

When does FXTM charge triple swap?

Wednesday night for forex and metals, Thursday night for USDCAD, USDTRY and EURTRY, and Friday night for CFDs.

Are US stock trades commission-free at FXTM?

Yes. FXTM says US stock trades on any account are commission-free.

How is commission charged on FXTM MT4 versus MT5?

On Advantage MT4 the full round-turn commission is charged at opening; on MT5, half at opening and half at closing.

How can I avoid FXTM's inactivity fee?

Place at least one trade every three months, or withdraw your balance before an account becomes inactive.

Does FXTM charge for internal transfers?

FXTM doesn't list a fee for internal transfers between your own trading accounts, and says they are instant.

Does FXTM charge for currency conversion?

Deposits and withdrawals in a different currency from your account are converted at FXTM's daily rate, and the payment provider may also charge a conversion fee.