FXTM Overview
| Website | forextime.com |
| Year Founded | 2011 |
| Countries of Registration | Cyprus, United Kingdom, Mauritius, Kenya |
| Website Languages | English, Spanish, Arabic |
| Regulators | CySEC, FSCA, FCA, FSC, CMA |
| Broker Type | ECN |
| Dealing | A-book |
| Minimum Deposit | $200 |
| Account Currencies | USD, EUR, GBP |
| Spread | average |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Trading Assets | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies |
Brief look at FXTM
FXTM, or ForexTime, is a globally recognized forex and CFD broker established in 2011. Known for its beginner-friendly approach, FXTM combines robust trading platforms, competitive pricing, and a variety of account types to cater to both novice and seasoned traders. The broker operates under the regulation of several trusted authorities, including CySEC, FCA, and FSCA, ensuring a secure and transparent trading environment. With a focus on education, FXTM provides an extensive library of resources, from webinars to market analysis, making it an excellent choice for traders looking to build their skills.
Pros
- Regulated by multiple authorities (CySEC, FCA, FSCA, etc.)
- Wide variety of account types, including micro and ECN accounts
- Excellent educational resources, including webinars and market analysis
- Supports MetaTrader 4 and MetaTrader 5 for advanced trading
- Low minimum deposit for micro accounts, making it beginner-friendly
Cons
- Restrictions on clients from specific regions
- Limited range of proprietary trading tools compared to competitors
- Occasional delays in customer support response during peak hours
Is FXTM available in my country?
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FXTM doesn't accept clients from United States!
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FXTM Reviews
FXTM is a legit company with an excellent trading platform. The MT4 app is easy to download and works seamlessly for my trades. The pip calculator and leverage options are top-notch!
3/12/2024The demo account helped me get started, and I’ve made good profits since switching to a live account. However, the withdrawal fees are a bit higher than expected, but the webtrader interface is very user-friendly.
2/28/2024Great experience with FXTM! Their copy trading feature is fantastic, and live chat support resolved my queries quickly. Minimum deposit is reasonable, and profits are easily managed with their platform.
1/20/2024I’ve been trading with FXTM for a year. The ability to deposit funds using ZAR is a great feature for South African traders. Login is straightforward, the platform is reliable, and I’ve had a smooth trading experience overall. However, the minimum withdrawal amount could be more flexible.
3/5/2024FXTM is a legit broker, but the fees for using a debit card for funding are slightly high. The trading platform is great, and I like the availability of MT4, but the customer support response time needs improvement.
4/10/2024Leave a Review
Is FXTM regulated?
| Companies | Forextime Ltd (CY), Forextime Ltd (UK), Exinity UK Ltd, Exinity Limited, Exinity Capital East Africa Limited |
| Countries | Cyprus, United Kingdom, Mauritius, Kenya |
| Regulators | CySEC, FSCA, FCA, FSC, CMA |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF), Financialcommission.org |
| Investor Protection Size | £85 000 / €20 000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
FXTM Account Types
| Property | Advantage Plus | Advantage |
|---|---|---|
| Deposit | $200 | $200 |
| Lot Size | 0.01 lots | 0.01 lots |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 1.5 pips | 0 pips |
| Fee | No | $7 per 1 lot |
| Max Leverage | 1:2000 | 1:2000 |
| Stop Out | 50% | 50% |
| Margin Call | 80% | 80% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
FXTM Funding and Fees
| Base currencies | USD, EUR, GBP |
| Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, FasaPay, WebMoney, YooMoney, Qiwi, Perfect Money, PayRedeem, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dash (DASH) |
| Inactivity fee | $5 per month after 6 months |
| Interest on margin | |
| Withdrawal Fee |
FXTM Trading Platforms and Conditions
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Execution Speed | 200 ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | average |
FXTM Trading Assets
| Currencies | 48 |
| Indices | 13 |
| Stocks | 640 |
| Cryptocurrencies | 11 |
| Bonds | 0 |
| Metals | 3 |
| Energies | 3 |
| Soft Commodities | 0 |
| ETFs | 0 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
FXTM Support
| [email protected] | |
| Phone | +442037341025 |
| Telegram | Telegram |
| YouTube | YouTube |
FXTM vs Competitors
| Features | FXTM | XM | HFM | FXCM | Vantage | eToro |
|---|---|---|---|---|---|---|
| Type | ECN | MM | MM, STP | STP, DMA | STP, ECN | MM |
| Minimum Deposit | $200 | $5 | $1 | $50 | $50 | $200 |
| Regulators | CySEC, FSCA, FCA, FSC, CMA | BFSC, CySEC, ASIC, DFSA | SVGFSA, FSCA, SFSA, CySEC, FCA, DFSA, CMA | FCA, ASIC, CySEC, FSCA, CIRO, ISA, SVGFSA | VFSC, CIMA, ASIC, CySEC, FCA, FSCA | SFSA, FCA, CySEC, ASIC, SEC |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), Trading Station, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Premium Trader, TradingView | eToro |
| Spread | average | low | average | average | low | high |
| Leverage | 1:2000 | 1:1000 | 1:2000 | 1:1000 | 1:1000 | 1:30 |
| Assets | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities |
