FXTM Review: Detailed Analysis & Insights

Explore our thorough FXTM review where we evaluate key aspects such as trading platforms, account options, fees, and customer support. Gain the insights you need to decide if FXTM aligns with your trading goals.

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FXTM Overview

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

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FXTM Reviews

4.2/5
5 reviews
Trader_X

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!

3/12/2024
ProfitHunter

The 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.

2/28/2024
ForexPro

Great 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.

1/20/2024
ZART

I’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.

3/5/2024
FinanceGeek

FXTM 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.

4/10/2024

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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

Advantage Plus
Deposit: $200
Lot Size: 0.01 lots
Spread Type: Floating
Execution: Market
Min Spread: 1.5 pips
Fee: No
Max Leverage: 1:2000
Stop Out: 50%
Margin Call: 80%
Advantage
Deposit: $200
Lot Size: 0.01 lots
Spread Type: Floating
Execution: Market
Min Spread: 0 pips
Fee: $7 per 1 lot
Max Leverage: 1:2000
Stop Out: 50%
Margin Call: 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
Funding 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

Telegram
Facebook
LinkedIn
YouTube
Instagram
Twitter

FXTM vs Competitors

FeaturesFXTMXMHFMFXCMVantageeToro
TypeECNMMMM, STPSTP, DMASTP, ECNMM
Minimum Deposit$200$5$1$50$50$200
RegulatorsCySEC, FSCA, FCA, FSC, CMABFSC, CySEC, ASIC, DFSASVGFSA, FSCA, SFSA, CySEC, FCA, DFSA, CMAFCA, ASIC, CySEC, FSCA, CIRO, ISA, SVGFSAVFSC, CIMA, ASIC, CySEC, FCA, FSCASFSA, FCA, CySEC, ASIC, SEC
PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5)MetaTrader 4 (MT4), MetaTrader 5 (MT5)MetaTrader 4 (MT4), MetaTrader 5 (MT5)MetaTrader 4 (MT4), Trading Station, TradingViewMetaTrader 4 (MT4), MetaTrader 5 (MT5), Premium Trader, TradingVieweToro
Spreadaveragelowaverageaveragelowhigh
Leverage1:20001:10001:20001:10001:10001:30
AssetsCurrencies, Indices, Stocks, Cryptocurrencies, Metals, EnergiesCurrencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, ETFs, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities

FAQ

Is FXTM safe?

How does FXTM make money?

What is the minimum deposit for FXTM?

How do I deposit funds in a FXTM account?

How do I withdraw money from FXTM?

How much is the maximum leverage at FXTM?

What trading platforms does FXTM offer?

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