FXTM review: is it safe for gold trading?

Is FXTM safe?

FXTM is a 15-year-old broker headquartered in Limassol, Cyprus. The group has 3 regulated companies (FCA, CMA, FSC). How safe it is for you depends on which one opens your account: in 0 of the 22 countries we cover that is a Tier 1–2 regulated company. Elsewhere it is Exinity Ltd (FSC, Tier 3 · moderate).

Regulation and licences

Each regulator name links to its own public register. Search the exact company name from your account agreement there before you deposit. How to verify a licence

Which company holds your account

FXTM assigns clients to different companies depending on where they live. This is the company, regulator and score you would get in each country we cover.

Trading gold with FXTM

Platforms

MT4, MT5, Own platform

Minimum gold order

0.01 lot (1 oz)

Swap-free account

Yes

Minimum deposit

$200

Round-trip cost, 1 lot XAUUSD

Not measured yet

Spread widening at NFP

Not measured yet

Withdrawal time

Not measured yet

Overnight swap, 1 lot long

Not measured yet

Cost, news-spread and withdrawal tests run on live accounts from our gold cost lab. Results appear here as each broker is tested. Gold pip value calculator · Margin calculator

Fees, deposits and withdrawals

What the broker publishes about deposits, withdrawals and fees. These are the broker’s own terms, collected from independent reviews and the broker’s pages, not our lab measurements.

Minimum deposit

200 USD

Inactivity fee

5 USD per month after 6 months without activity

Deposit fee

None from broker

Withdrawal fee

Charged on some methods (amount varies by method)

Withdrawal time

Instant to 10 business days, by method

Account types

Advantage (commission) · Advantage Plus (commission-free)

Raw account commission

0.80–4.00 USD per round-turn lot on Advantage, by volume

Payment methods

Bank wire · Local bank transfer · Skrill · Neteller · Perfect Money · FasaPay · M-Pesa · Local methods by region

• No public regulatory fines found in our search
• Gave up its CySEC licence in 2024; now serves clients mainly through Kenya, South Africa and Mauritius entities

Checked 2026-11-05. Terms change; confirm on the broker’s site before you deposit.

Regulatory record

We found no public regulatory fines against FXTM in our search (2026-11-05). That is not a guarantee; check the regulators’ enforcement pages too.

Fines and regulator orders in the last five years reduce the protection score: −4 each, up to −12. Self-reported breaches that were compensated, and public warnings, are shown but not scored.

Score breakdown

For clients in countries without a local licence (account held by Exinity Ltd): 56 / 100 · Measured so far: 45 of 100 weight points

Full methodology and data rules →

Pros and cons

What traders say

The Trader Voice score sits beside our expert score and is never mixed into it. It combines public review scores with ratings from our own readers.

Trustpilot scores reflect who a broker invites to review, so we temper them with the share of one-star reviews. Reader ratings count after an account is 72 hours old; one rating per account per broker. Full methodology and data rules

Trader evidence

What readers report from their own accounts: how long withdrawals took, complaints whose evidence our editors checked, and corrections to our data. Nobody can pay to remove a complaint.

Questions

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