Ratings

Overall
5/5
Fees
5/5
Deposit and withdrawal
4.5/5
Asset selection
4.5/5
Regulation and security
5/5

FXTM at a Glance

Forex brokers offer various bonuses and incentives, and today, we will review the FXTM bonus availability, conditions, and details.

FXTM Bonus Type
Availability & Details
FXTM sign-up bonus
Available during previous campaigns, currently unavailable
FXTM no-deposit bonus
Available during previous campaigns, currently unavailable
FXTM referral bonus
$50 per friend with a $500 maximum, only for friends and not an affiliate program
FXTM volume-based reward
A nine-tier equity-based system with four volume-tiers

FXTM Sign-up Bonus

The FXTM bonus for signing up to open an account is a promotion FXTM implements occasionally, but it was unavailable during our FXTM bonus review. The previous one granted $10 for 30 days, and traders could withdraw their earnings, but not the bonus after expiry.

FXTM Referral Bonus

This FXTM bonus is available, but it is not an affiliate program. Geographic restrictions also apply, and traders must read the terms and conditions. FXTM pays $50 per referral and $50 to the referred, with a $500 maximum. Please note that this is not an affiliate program, which is also available at FXTM with generous payouts, and the referrer must have an existing relationship with the referred.

FXTM Additional Broker Bonuses, Promotions, and Rewards

The best FXTM bonus remains its volume-based discounts for the commission-based FXTM Advantage account. These are available for a minimum deposit of $200. It is the best offer at FXTM, with unmatched long-term trading cost savings resulting in higher profitability.

FXTM also hosts trading contests with various prizes, but traders must carefully consider the terms and conditions.

FXTM Bonus Pros and Cons

While an FXTM bonus sounds good, traders should consider the pros and cons before accepting a bonus or incentive.

The pros of the FXTM bonus

  • The volume-based rebates create one of the most competitively priced Forex trading environments.
  • The refer-a-friend bonus grants both traders an incentive.
  • When available, the sign-up and no-deposit FXTM bonus allows traders to test live trading conditions risk-free.

The cons of the FXTM bonus

  • Traders fail to read the terms and conditions.
  • Not every FXTM bonus is always available.
  • Traders need to understand how to use an FXTM bonus to their long-term advantage.
  • The bonus could promote reckless trading and nurture a false perception.

Bottom Line

An FXTM bonus can provide traders with a boost, but they must read and understand the terms and conditions. FXTM maintains ultra-low trading fees with its volume-based rebates, which are available in the FXTM Advantage account.

Read more on FXTM in our up-to-date broker review.

Broker Comparison

FAQs

Why do brokers offer a sign-up bonus?

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Bonuses are one way to win over traders in the hyper-competitive brokerage scene. Genuine bonuses have no time pressure, and Forex brokers allow traders to withdraw the bonus amount once they reach the volume requirement. Those bonuses stack and offer committed traders an excellent portfolio boost, but only some brokers offer them. Traders should always avoid time-limited bonuses that pressure them into trading.

Does FXTM offer a sign-up bonus?

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No, FXTM does not offer a sign-up bonus.

How many people use FXTM?

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According to the FXTM website, FXTM caters to 4M+ traders from 150+ countries.

Can you make money with FXTM?

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FXTM offers a cutting-edge trading infrastructure with ultra-low fees and superb order execution. Therefore, it grants traders everything a broker can offer, but profitability depends 100% on traders, their strategies, and their understanding of financial markets.

Does FXTM have a no-deposit bonus?

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FXTM provides traders with a no-deposit bonus during select promotional campaigns, but at the time of this FXTM bonus review, FXTM did not have a no-deposit bonus. The last one FXTM offered was a $10 no-deposit bonus.

DailyForex.com Team
About DailyForex.com Team
The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.