Score

7.08 /10
Good

FXTM

United Kingdom

5-10 years

Regulated in Cyprus

Market Making(MM)

MT4/5 full license

Global Business

Suspicious Overrun

High potential risk

AAA
AA

Add brokers

Comparison

Quantity 45

Exposure

Open Account
Website

Score

License Index7.80

Business Index8.00

Risk Management Index0.00

Software Index9.04

Regulatory Index7.78

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Special
*Only support this broker's real account

Dual-core processor

100%

2GRam

100%

60GHarddisk

50%

Open for free

Contact number

English

+44 20 3734 1025

English

+91 800 100 4352

English

+62 7 803 321 8183

English

+234 1 460 1586

Broker Information

More

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2022-12-06
  • The number of the complaints received by WikiFX have reached 38 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 46614)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

FXTM · Benchmark
Average transaction speed(ms)
417.9 Good
The highest transaction speed(ms)
7 Perfect
The highest speed of opening positions(ms)
7 Perfect
The highest speed of closing position(ms)
7 Perfect
The lowest speed of opening positions(ms)
1995 Poor
The lowest speed of closing position(ms)
1999 Poor
Ranking: 2 / 119
Test user 2,884
Transactions 387,401
Ocuppied margin $21,378,162 USD
Data Source WikiFX Data provide
Updated: 2022-12-02 01:12:00
Pyramid scheme complaint
Expose
Unable to withdraw

cannot withdraw

Be Aware ! especially for asian people. you cannot depo using bank transfer and fxtm force you to use visa/master debit/credit card. When you try to wd, your payment option will not available, and they ask for bank statement that include your car with transaction to fxtm which will not available if you use visa debit. STAY AWAY FROM THIS BROKER !!

2021-12-24 08:03
Scam

Induced deposits with anniversary activities, and then a series of problems followed

Picture[1] On April 9th, a friend told me that the business had an anniversary event and asked me to contact customer service to see if I had the right to participate, so I was confused and passively participated. Figure [2] On April 10th, the first application for withdrawal of funds failed. The customer service refused to withdraw funds on the grounds that the anniversary activities were not completed, and said that the activities that were not completed within the specified time would be handed over to the judicial department and reported for levy letter. Figure [3] On April 11th, I borrowed money from a friend. Due to the transfer limit, I made a deposit of 320,000 yen and completed 50% of the progress of the activity. Figure [4] The platform could not be accessed on April 12th and 13th, the official statement is system maintenance and upgrade; on April 14th, the deposit of 331,000 yen was completed to complete the anniversary event. Figure [5] On April 14th, the second withdrawal failed. The customer service asked me to pay 20% of the account balance as the violation fee on the grounds that my account maliciously attacked the platform system data and caused a high profit violation, otherwise the account will be frozen. On April 15th, deposit 342,500 yen as a deposit. Figure [6] On April 17th, the deposit arrived. Figure [7] From April 18th to 22nd, I contacted customer service about the withdrawal of funds, and I have been inquiring all the time, but there is no result; I later informed that the profit part needs to pay 50% of the account balance as personal income tax before the withdrawal can be resumed. business. Figure [8] On April 24th, the illegal payment was refunded to the account. Figure [9] On April 24, it was found that the account main body of the old version was inconsistent with the account main body of the new version. I asked customer service, the customer service explained it, and sent an email to Exness's official mailbox for verification, but no reply was received.

2022-04-24 23:33

    Total Margin Trend

    • VPS Region
    • User
    • Products
    • Closing time
    • London
    • 312***
    • EURCHF
    • 12-05 16:14:54
    • BeiJing
    • 973***
    • EURUSD
    • 12-05 17:46:02
    • Dubai
    • 233***
    • EURUSD
    • 12-05 17:43:30

    Stop Out

    0.76%

    Stop Out Symbol Distribution

    6 months

    Sources

    User Reviews

    More

    User comment

    38

    Comments

    Write a review

    Hassan Elijah
    more than one year
    this has to be one of the best broker out there, very simple to use and their demo account feature is a life saver.
    Translate to English
    2022-12-05 23:19
    Reply
    0
    0
    Ansadat
    0-3months
    good trading
    Translate to English
    2022-12-05 14:48
    Reply
    0
    0

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    United States
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    Official Email:support@wikifx.com;
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