FXTM has carved out a strong spot in the online trading world with its range of account options and solid focus on client safety. Founded in 2012 and based in Cyprus, the broker gives traders access to 1,200+ CFDs plus real stocks.
It runs on the ever-reliable MetaTrader 4 and MetaTrader 5, packed with analytical tools and chart setups. It also offers its own sleek all-in-one mobile app for trading on the go.
I really liked FXTM’s high-quality market research, including insights from Acuity, and advanced analytics via the Pro Trading Tools plugin on MetaTrader. On the flip side, I found its spreads steeper than the industry average, and its educational content doesn’t dig deep enough into advanced topics.
That said, if you’re a day trader chasing short-term setups or a scalper who values no minimum distance restrictions, FXTM could be a great fit.
Recommended in 8 best broker guides: |
Forex | CFD | Zero Spread | Beginners | Crypto | Regulated | MT4 | Oil Trading |
Pros | Cons |
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When we review a broker, we assess its suitability across a range of different trader profiles and styles. Here’s our verdict:
MT5 is the go-to option for scalping since it supports 21 timeframes, one-click trading, DoM trading, and floating stop orders. I also appreciated that FXTM does not have a minimum distance restriction for stop or limit orders, allowing scalpers to exercise tight risk management.
FXTM delivers a well-rounded and sophisticated market research suite tailored to news-driven traders. The broker also integrates insights from Acuity, offering actionable trading signals, in-depth market analysis, a sentiment gauge, and more.
FXTM provides 397 real US company stocks for value investing and portfolio building at no extra commissions.
FXTM incorporates two familiar trading platforms – MT4 and MT5 – and provides robust market research. Casual traders can also benefit from FXTM’s dedication to client safety. However, during my test, FXTM’s spreads on the Advantage account were higher than the industry average.
The broker offers a diverse selection of trading instruments for longer-term trading, including indices, futures contracts, and ETFs. However, I found that FXTM’s swap fees exceed the industry benchmark, making the broker less ideal for overnight trading.
MetaTrader is a decent platform for day traders since it facilitates easy order execution and basic technical analysis. Although FXTM’s Advantage account is commission-free, I recorded elevated spreads on popular instruments during my test.
Algo traders can automate their systems on MetaTrader using Expert Advisors (EAs), with a built-in strategy tester available to fine-tune strategy parameters. The main drawback of FXTM, however, is the lack of Virtual Private Server (VPS) hosting for low-latency trading.
FXTM does not support social and copy trading.
FXTM distinguishes itself with its diverse portfolio comprising a variety of CFD and futures contracts in addition to several hundred real stocks. The broker also steps up its game with its robust market research and no-restriction accounts.
I opened an Advantage Plus account with Exinity Limited and performed my tests on the desktop and mobile versions of the MetaTrader 5 platform. Some features and services may vary depending on where you reside.
☑️ Regulations | CMA (Kenya), FSCM (Mauritius), FCA (United Kingdom), SCA (United Arab Emirates) |
🗺 Supported Languages | English, Arabic, Italian, Spanish, Chinese, Polish |
💰 Products | Currencies, Stocks, Crypto, Indices, Commodities |
💵 Min Deposit | $200 |
💹 Max Leverage | 1:2000 (CMA), 1:3000 (FSCM), 1:30 (FCA) |
🖥 Trading Desk Type | No dealing desk |
📊 Trading Platforms | MT5, MT4, FXTM Trader App |
💳 Deposit Options | FasaPay, Local Transfer, PerfectMoney, Wire Transfer, Skrill, Neteller, Credit Card, Debit Card, PayRedeem, GlobePay, M-Pesa, TC Pay Wallet |
💳 Withdrawal Options | Wire Transfer, Neteller, Skrill, Credit Card, PerfectMoney, PayRedeem, GlobePay, Debit Card, Local Transfer, FasaPay, M-Pesa, TC Pay Wallet |
🤴 Demo Account | Yes |
🗓 Foundation Year | 2011 |
🌎 Headquarters Country | Mauritius |
FXTM operates five entities licensed and regulated in different jurisdictions. The broker keeps client funds segregated and ensures negative balance protection. I found FXTM generally transparent, though with a few minor issues.
Entity Features | Exinity Limited | Exinity UK Ltd | Exinity Limited | Exinity Global Financial Services L.L.C | Exinity Capital East Africa Ltd |
Country/Region | Mauritius/Ebene | United Kingdom/London | South Africa/Johannesburg | UAE/Dubai | Kenya/Nairobi |
Regulation | FSC | FCA | FSCA | SCA | CMA |
Tier | 3 | 1 | 2 | 2 | 2 |
Segregated Funds | Yes | Yes | Yes | Yes | Yes |
Negative Balance Protection | Yes | Yes | Yes | Yes | Yes |
Compensation Scheme | No | Up to GBP 85,000 under FSCS | No | No | No |
Maximum Leverage | 1:3000 | 1:30 | 1:3000 | 1:3000 | 1:3000 |
When we review brokers, we look at the licenses held by each of their entities to understand how well they protect clients. We use a simple three-tier system to rank regulatory bodies, with Tier 1 being the most trusted and offering the highest level of protection.
This is what I discovered about the four entities operating under the FXTM trade name:
Brokers operate multiple entities globally, but regulatory protections vary. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity with which they choose to open an account.
Here is how FXTM protects you:
To learn more about the most important safety mechanisms and how they apply to you, click here.
In our Trust category, we assess how stable and transparent a broker is. This includes how long they’ve been in business, the company’s size, and how openly they share essential information.
I learned from FXTM’s LinkedIn page that the broker was established in 2011 and employs more than 100 professionals globally, attesting to its stability and longevity on the market.
I pored over FXTM’s legal documents and found no major discrepancies. All essential information is easily accessible and written in an easy-to-understand way. The client agreement is exhaustive and contains all relevant information pertaining to client safety.
My one small gripe with FXTM is that its accounts sound a bit confusing and indeed misleading. The Advantage Plus account type would suggest better conditions and lower fees compared to the Advantage account type, but this is not the case. The one has a pretty standard pricing mechanism (commission-free trading and floating spreads), while the other features raw spreads from 0.0 pips and a $7 round-turn commission per traded lot (100,000 units).
I concluded that FXTM is very safe due to the following factors:
My test revealed that FXTM’s spreads and swap fees exceed the industry average. The only exception is share CFDs. On the other hand, the broker does not impose a handling fee on deposits and withdrawals and has a generally low inactivity fee.
I tested FXTM’s spreads on 18 July 2025 during the London and New York opens. The results are shown in the table below:
Instrument | Live Spread AM | Live Spread PM | Industry Average |
EURUSD | 1.9 pips | 1.9 pips | 1.08 pips |
GBPJPY | 4.4 pips | 4.5 pips | 2.44 pips |
Gold (XAUUSD) | 38 pips | 38 pips | 23 pips |
Crude Oil | 0.05 pips | 0.05 pips | 0.03 pips |
Apple | NA | 0.22 points | 0.33 points |
Tesla | NA | 0.47 points | 0.50 points |
Dow Jones 30 | 8.0 basis points | 8.0 basis points | 3.3 basis points |
Germany 40 | 3.9 basis points | 4.0 basis points | 2.4 basis points |
Bitcoin | $152.38 | $104.56 | $34 |
Broken down by asset class and compared to the industry average, FXTM’s spreads were generally higher across all popular instruments I tested. The only exception was share CFDs, where the broker offered notably tight spreads.
A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.
The values listed below are for one full base currency contract (100,000 units).
Instrument | Swap Long | Swap Short |
EURUSD | Charge of $10.41 | Credit of $4.76 |
GBPJPY | Credit of $10.73 | Charge of $31.07 |
Gold (XAUUSD) | Charge of $48.89 | Credit of $24.19 |
According to my findings, FXTM’s swaps are elevated above the industry benchmark. However, overnight charges tend to fluctuate over time.
FXTM does not have a monthly inactivity fee. However, if an account remains dormant for 30 calendar days and the balance is below $10, the broker reserves the right to charge the remaining balance to cover its maintenance costs.
FXTM does not impose a handling fee on deposits and withdrawals, though third-party processing fees may apply.
I concluded that FXTM’s spreads and swaps could be lower. On the positive side, the broker does not impose any non-trading fees.
FXTM supports the renowned MetaTrader 4 and MetaTrader 5, available for desktop, web, and mobile trading. The broker has also developed an innovative and user-friendly FXTM mobile app.
Platform/Tool | Suitable For |
MetaTrader 4 (Web, desktop, mobile) | Easy order execution, basic technical analysis, automated trading, trading on the go |
MetaTrader 5 (Web, desktop, mobile) | Easy order execution, basic technical analysis, automated trading, trading on the go |
Pro Trading Tools | Enhanced MetaTrader performance |
FXTM App | Trading on the go, market research, account management |
I tested the desktop version of MetaTrader 5. The charts, orders, and various instruments are located in easy-to-find places, and even first-time traders can quickly learn their way around. My only gripe with the platform is that its charts feel rugged and outdated compared to newer and sleeker trading stations.
FXTM’s MT5 platform is available on Windows and Mac and supports 52 languages, including English, French, Spanish, German, Arabic, Chinese, and more.
MT5 features include:
In my opinion, MT5 is best suited for automated trading via Expert Advisors (EAs). The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions.
I have broken down the available analytical tools and chart configurations below:
As shown above, MetaTrader’s charts can quickly become cluttered, even with just two indicators. This can obscure price action examination and make it harder to perform detailed technical analysis.
MetaTrader 5 features three types of order execution: market, pending, and one-click trading, which supports immediate entries at the spot price.
I have broken down the available order types on the MetaTrader 5 platform below:
MetaTrader 5 is a solid choice for fast and straightforward order execution. However, its design feels a bit outdated compared to some of the newer, sleeker platforms. As someone who values flexible, scalable charts, I find MT5’s charting tools a little too rigid and not as intuitive as I’d like.
On the plus side, FXTM really boosts the MT5 experience by adding its Pro Trader Tools package. This plugin integrates market research directly into the platform, so traders can stay on top of market developments without leaving their workspace. It also comes with extra analytical tools and more charting options, making it easier to run deeper technical analysis and fine-tune your strategies.
The MT5 mobile app is available on iOS and Android, enabling quick and easy access to the market on the go. It is very useful for opening, terminating, and adjusting open positions.
You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.
The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility. However, I consider it cumbersome and not the best choice for analyzing price action.
The FXTM app is a pleasant improvement upon MT5. It features advanced charting capabilities, powered by the seamless TradingView, and biometric login as an extra layer of security.
The app is also integrated with robust market research and actionable trading signals. To top it all off, it allows for account management on the go.
FXTM takes things to the next level with its wide and diverse portfolio of trading and investing instruments. The broker provides 2,200+ CFDs, futures contracts, and real stocks for value investing. Traders can engage with various CFD assets across currency pairs, commodities, share CFDs, indices, cryptocurrencies, and ETFs.
Markets | Number | Types | Contract Type | Industry Average |
Forex Pairs | 55 | Major, Minor, and Exotic | Spot | 30 – 75 |
Commodities | 22 | Metals, Energies, and Agriculture | CFD and Futures | 5 – 10 |
Shares and ETFs | 1,100+ | Retail, Tech, Financial, Other | CFD | 100 – 500 |
Indices | 22 | US, EU, Asia, Other | CFD and Futures | 10 – 20 |
Cryptocurrencies | 31 | Major and Minor | CFD | 10 – 20 |
Cross Assets | 7 | Various | CFD | NA |
FXTM offers more commodities, share CFDs, indices, and cryptocurrencies than the industry average, while its selection of currency pairs sits around the benchmark.
CFDs (Contracts for Difference) let you trade on the price movements of assets—like gold—without actually owning them.
For example, if you go long on gold and the price rises, you profit; if it falls, you lose—without ever buying real gold.
The biggest perk? You can jump in or out of the market quickly to take advantage of even the smallest price changes.
Currency Pairs | Commodities |
EURUSD | GBPJPY | EURCHF | AUDCAD | USDMXN | EURJPY | Gold | Crude Oil | Brent Oil | Silver | Palladium | Cocoa | Cotton | Corn |
Shares CFDs | Indices |
Apple | Tesla | JP Morgan Chase | Netflix | META | Wells Fargo | Amazon.com | Dow Jones 30 | Germany 40 | Australia 200 | Japan 225 | UK 100 | China 50 |
Cryptocurrencies | Crosses |
Bitcoin | Ethereum | Litecoin | Ripple | Dash | Cardano | Bitcoin Cash | Tron | China 50 vs Japan 225 | Brent vs Crude | Dow Jones 30 vs Gold | Nasdaq 100 vs Japan 225 |
I found FXTM’s instrument lineup well-balanced and suitable for a wide range of trading styles—from conservative strategies with ETFs to higher-risk approaches using cryptocurrencies and share CFDs.
What really makes FXTM stand out from many competitors, though, is the access to 397 real U.S. stocks that can be traded commission-free, giving traders a genuine investing edge alongside their CFD trading.
FXTM provides 24/7 customer support via chatbot, which is adequate but not overly sophisticated. Visitors to the website can also submit a form or check the broker’s FAQ section for more general queries. Phone support is currently unavailable.
Chatbot | Phone | |
24/7 from the website | By filling out a form | Not Available |
When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.
I tested FXTM’s chatbot on 17 July at around 17:09 CET. Before starting, I had to enter my name and email. I began with a few simple questions, like asking about the commission rate. The bot was quick and provided thorough answers. That said, it wasn’t flawless—when I asked whether FXTM offered copy trading, it completely failed to understand the question.
Available Languages |
English, Spanish, Arabic, Chinese, Thai |
FXTM supports payments via bank wire, bank cards, local transfers, cryptocurrencies, and a variety of e-wallets. Deposits and withdrawals are generally fee-free, except for transactions under $30, where a $3 processing fee applies. Third-party banking fees may also be charged.
Deposit Method | Currency | Fee | Processing Time |
Bank Wire | USD, EUR, GBP | $0 | 1-2 business days |
Credit/Debit Card | USD, EUR, GBP | $0 | Up to 30 minutes |
Local Bank Transfer | THB, MYR | $0 | Up to 30 minutes |
Skrill | EUR, USD, GBP | $0 | Up to 30 minutes |
Neteller | EUR, USD, GBP, INR, NGN | $0 | Up to 30 minutes |
Cryptocurrencies | Tether (USDT), BTC, ETH, TRX | $0 | Up to 1 hour |
SPEI | MXN | $0 | Up to 30 minutes |
PIX | BRL | $0 | Up to 30 minutes |
Mobile Money | GHS | $0 | Up to 30 minutes |
UPI | INR | $0 | Up to 1 business day |
Alipay | CNY | $0 | Up to 1 business day |
Withdrawal Method | Currency | Fee | Processing Time |
Bank Wire | USD, EUR, GBP | $0 | 3-7 business days |
Credit/Debit Card | USD, EUR, GBP | $0 | 1 business day |
Local Bank Transfer | THB, MYR | $0 | 1 business day |
Skrill | EUR, USD, GBP | $0 | 1 business day |
Neteller | EUR, USD, GBP, INR, NGN | $0 | 1 business day |
Cryptocurrencies | Tether (USDT), BTC, ETH, TRX | $0 | 1 business day |
SPEI | MXN | $0 | 1 business day |
PIX | BRL | $0 | 1 business day |
Mobile Money | GHS | $0 | 1 business day |
UPI | INR | $0 | 1 business day |
Alipay | CNY | $0 | 1 business day |
FXTM offers two main retail account types: the commission-based Advantage account with raw spreads, and the spread-based Advantage Plus account. Both require a $200 minimum deposit and can be converted into swap-free accounts. FXTM also provides a dedicated Advantage Stocks account for those focused on investing.
Account opening with FXTM is fast and straightforward. To sign up, follow these steps:
Account Type | Advantage | Advantage Plus |
Spread From | 0.0 pips | 1.5 pips |
Commission | $7 | $0 |
Base Currencies | USD, EUR, GBP, NGN | USD, EUR, GBP, NGN |
Minimum Deposit | $200 | $200 |
Minimum Traded Volume | 0.01 lot | 0.01 lot |
Standard Contract Size | 100,000 units | 100,000 units |
Margin Call | 80% | 80% |
Stop Out | 50% | 50% |
Swap Free Account | Yes | Yes |
Demo Account | Yes | Yes |
*Round-turn per one full contract
In my opinion, FXTM’s Advantage Plus account is designed for casual and less experienced traders. With a minimum deposit of just $200, it’s relatively affordable and accessible to a wide range of traders.
What really sets this account apart is the lack of minimum distance restrictions. This means traders can place stop-loss orders as close to their entry price as they want, allowing for much tighter risk management. In simple terms, it gives you more control over protecting your trades without unnecessary limitations.
The Advantage account suits high-volume traders with its raw spreads from 0.0 pips. However, the $7 round-turn commission exceeds the industry average of $6.
FXTM offers a demo account that lets traders explore the broker’s available platforms and test their strategies in a risk-free environment. Since markets are always changing, it’s important to keep your skills sharp without risking real money. You can open a demo account before or alongside your live CFD account.
FXTM provides Islamic accounts for swap-free trading under Shariah Law. Please contact the broker for additional information.
Leverage determines a trader’s overall market exposure. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions, but also the losses incurred from failed trades.
In the table below, I have listed the maximum retail leverage available with FXTM’s Exinity Limited entity for instruments from different asset classes:
Asset | Maximum Leverage |
Currency Pairs | 1:3000 |
Metals | 1:3000 |
Energies | 1:500 |
Share CFDs | 1:25 |
Soft | 1:25 |
ETFs | 1:10 |
Indices | 1:1000 |
Cryptocurrencies | 1:1000 |
Futures | 1:200 |
FXTM does not accept as clients residents of the US, Mauritius, Japan, Canada, Haiti, Iran, Suriname, the Democratic People’s Republic of Korea, Puerto Rico, the Occupied Area of Cyprus, Quebec (Canada), Iraq, Syria, Cuba, Belarus, Myanmar, Russia, India, or any other jurisdiction where trading with leveraged products is prohibited by law.
FXTM produces highly informative market research in-house and incorporates data-driven content from Acuity. The materials include market analyses, featured trading ideas, and sentiment gauges. I rate FXTM’s research offering as high-quality and diverse.
The economic calendar informs traders of upcoming economic and financial releases, which could stir price action and result in viable trading opportunities.
FXTM keeps traders up to date with daily market breakdowns covering stocks, forex, crypto, and more. These articles, found under the Market Analysis section of the website’s Education hub, typically zoom in on a specific asset or event.
Most of the analysis is heavily technical, but you’ll also find elements of fundamental insights woven in. I particularly liked the supporting charts, which serve as clear visual cues, helping traders spot evolving setups at a glance.
The Acuity Signal Centre combines the best of both worlds—analyst-driven insights and AI-powered research—to deliver high-quality trading signals across a wide range of markets. Each signal typically includes clear entry and exit points, key support and resistance levels, and suitable stop-loss levels, along with a snapshot of overall market sentiment.
I rate FXTM’s research offering as high quality. Traders can stay on top of market developments with the broker’s detailed analyses, which stand out for their strong technical focus and clear, well-presented charts. On top of that, the Acuity Signal Centre adds another layer of actionable insights, making FXTM’s research especially valuable for day traders and swing traders.
FXTM offers hundreds of educational videos, past webinars, and guides on basic trading concepts and terminology. The content focuses on technical analysis and the broker’s offering, with less attention paid to fundamental analysis or trading psychology. I found available materials to be mostly directed at first-time traders.
I counted over 250 educational videos and past webinars on FXTM’s YouTube channel. The content covers a wide spectrum—from getting started with account setup, to mastering MetaTrader’s tools, to learning the basics of price action. The material feels light, engaging, and very beginner-friendly. My only gripe is that FXTM no longer publishes new webinars. However, you can watch past recordings on FXTM’s YouTube channel.
Beyond videos, FXTM also provides three main guides—What is Forex Trading?, CFD Trading for Beginners, and Index CFDs Trading—along with a library of articles. These resources do a solid job of explaining essential terms and trading basics, making them well-suited for newcomers. That said, there’s little content aimed at intermediate or advanced traders. The broker could strengthen its educational offering by digging deeper into topics like fundamental analysis and trading psychology.
FXTM is a well-established broker, founded in 2012, with a strong regulatory framework. Client protection is robust, with segregated funds and negative balance protection.
In terms of trading conditions, FXTM offers a wide and well-balanced portfolio—over 2,200 CFDs plus 397 real U.S. stocks, which is a rare advantage compared to many CFD-only brokers.
While its spreads and swaps were generally higher than the industry average across popular instruments, share CFDs stood out for their competitive pricing. Non-trading fees are minimal, and deposits/withdrawals are mostly free.
The broker supports MetaTrader 4 and 5, enhanced with its Pro Trader Tools plugin, and its own intuitive mobile app powered by TradingView, which gives it an edge in usability.
Research is a major highlight, with detailed in-house market analyses complemented by Acuity’s AI-driven trading signals. This places FXTM’s research offering above average in the industry. Education, however, is skewed toward beginners—there’s plenty of content for first-time traders, but not enough depth for intermediate or advanced traders.
Overall, FXTM positions itself as a safe and feature-rich broker, best suited for day traders, scalpers, and investors who value access to real stocks, though its spreads keep it from being a top-tier low-cost choice.
Headquarters Country | Mauritius |
Foundation Year | 2011 |
Regulations | CMA (Kenya), FSCM (Mauritius), FCA (United Kingdom), SCA (United Arab Emirates) |
Publicly Traded | No |
Number Of Employees | 51-200 |
Trading Desk Type | No dealing desk |
Trading Platforms | MT5, MT4, FXTM Trader App |
Restricted Countries | Belize, United States, Japan, Mauritius, Canada, Haiti, Iran, Suriname, South Korea, Puerto Rico, Iraq, Syria, Cuba, Belarus, Myanmar |
Supported Languages | English, Arabic, Italian, Spanish, Chinese, Polish |
Min Deposit | $200 |
Max Leverage | 1:2000 (CMA), 1:3000 (FSCM), 1:30 (FCA) |
Deposit Options | FasaPay, Local Transfer, PerfectMoney, Wire Transfer, Skrill, Neteller, Credit Card, Debit Card, PayRedeem, GlobePay, M-Pesa, TC Pay Wallet |
Withdrawal Options | Wire Transfer, Neteller, Skrill, Credit Card, PerfectMoney, PayRedeem, GlobePay, Debit Card, Local Transfer, FasaPay, M-Pesa, TC Pay Wallet |
Time to Withdrawal | 1 |
Time to Open an Account | 6 |
Crypto | Dogecoin, Solana, Polygon |
Products | Currencies, Stocks, Crypto, Indices, Commodities |
Demo Account | Yes |
OCO Orders | No |
Offers Hedging | Yes |
Automated Trading | Yes |
API Trading | No |
Guaranteed Stop Loss | No |
Guaranteed Limit Orders | No |
Guaranteed Fills / Liquidity | No |
Economic calendar | Yes |
Trading From Chart | Yes |
One-Click Trading | Yes |
Expert Advisor | Yes |
Social Trading | Yes |
Autochartist | No |
Trading Signals | Yes |
Platform Languages | English |
24 Hours Support | Yes |
Support During Weekends | No |
Live Chat | Yes |
Daily Market Commentary | Yes |
News (Top-Tier Sources) | Yes |
Webinars | No |
Deposit Fee | No |
Withdrawal Fee | No |
Inactivity Fee | Yes |
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.