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FXTM Review 2025
Country:
Cyprus
Year: 2011
Leverage: Up to 1:2000
Deposit: From 200 USD
Spread: Low
Broker type: ECN
Offices: Cyprus (Headquarters), United Kingdom, South Africa, Mauritius, Kenya
Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), FXTM Trader (Proprietary mobile app)
Instruments: 60 Forex pairs, 8 Commodities, 21 Index CFDs, 802 Equity CFDs, 639 US-listed stocks
Payment Methods:
General Overview
General Overview
ForexTime (FXTM) is a well-regarded global online broker focused on delivering strong trading conditions, modern technology, and extensive educational support. Since its launch, FXTM has grown into a major provider of services tailored to both beginners and experienced traders, offering a broad selection of markets beyond its core Forex and CFD offerings.
While FXTM emphasises Forex and CFDs, its product range also includes stocks, indices, commodities, precious metals, and cryptocurrencies. The broker is continuously improving its platforms and features to stay aligned with market developments, and it provides multiple account types suited to different goals and experience levels — from cent accounts for learning to ECN/pro accounts for high-volume trading.
Innovation and customer care are key priorities for FXTM. The broker updates its trading interfaces frequently and supports traders through multilingual customer support available via several channels. FXTM also offers abundant educational materials — written guides, video tutorials, webinars, and live events — to help traders build knowledge and refine strategies.
New users can test FXTM’s platform with a demo account before moving to live trading, and detailed instructions for opening a live account are available at account opening.
Overall, these features have helped FXTM strengthen its reputation as a trusted broker, expanding its user base and service offerings to meet a wide range of trading preferences.
Pros
- High leverage options (up to 1:2000)
- Multiple regulatory licenses
- Competitive pricing on commission-based accounts
- Variety of payment methods and local banking solutions
- Advanced MetaTrader upgrades and proprietary FXTM Trader app
Cons
- Spreads are higher on commission-free accounts
- Inactivity fee after six months
- Withdrawal fees for some methods
Trust and Safety
Trust and Safety
Regulations: CySEC (Cyprus), FCA (UK), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)
FXTM also offers negative balance protection, so you can’t lose more than the money in your account. This is especially important when markets are very volatile. The company regularly alerts traders about risks and important changes to trading settings, helping you make informed choices. By combining timely updates with strong security, FXTM builds trust and puts client safety first.
Is FXTM Regulated?
FXTM is regulated in several regions. It’s licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 185/12, which allows it to serve clients across the European Economic Area (EEA). The broker is also supervised by the UK’s Financial Conduct Authority (FCA), South Africa’s Financial Sector Conduct Authority (FSCA), and the Financial Services Commission (FSC) in Mauritius. These approvals show its commitment to strict industry standards.
Is FXTM safe?
Safety is a top priority for FXTM. Client funds are kept in separate bank accounts from the company’s own money, helping protect your deposits if the firm faces problems. FXTM follows strong regulatory and compliance rules, including regular financial checks. It also uses strong encryption and secure payment channels to protect your data. Together, these steps make FXTM a solid option for traders who want stability and strong data protection.
Trading Platforms
Trading Platforms
MetaTrader 4 (MT4) | MetaTrader 5 (MT5) | FXTM Trader (Proprietary mobile app)
Visit PlatformsAmong FXTM’s principal advantages is how it synthesizes real-time data with analytic instruments, permitting traders to respond nimbly to shifting market scenarios. The platforms accommodate diverse approaches—scalping, day trading, algorithmic, or swing. Enthusiasts of automation will appreciate that both MT4 and MT5 integrate Expert Advisors (EAs), which can be backtested using historical datasets for better reliability. Meanwhile, FXTM diligently upgrades its mobile and web-based solutions, deploying new features, implementing security updates, and delivering enriched charting modalities, thereby polishing the overall user experience on various devices.
MetaTrader 4
MetaTrader 4 (MT4) persists as one of the most admired retail Forex solutions, revered for a user-friendly interface, a multifaceted range of analysis tools, and compatibility with EA-based systematic trading. FXTM’s edition of MT4 includes multi-timeframe graphing, multiple technical indicators, and the capacity to tailor the interface in line with individual trading preferences.
MetaTrader 5
Succeeding MT4, MetaTrader 5 (MT5) enhances charting intervals, raises the bar on analytical options, and supplies features such as an integrated economic calendar. MT5 also expands to incorporate additional classes of assets, letting traders handle equities, commodities, and currency pairs inside one platform. Through FXTM’s MT5 solution, users often see faster execution and partial fill policies for more versatility.
FXTM WebTrader
For those favoring a browser-accessible alternative, FXTM WebTrader offers a no-download portal delivering robust charting capabilities and instantaneous market quotations. As it is fully online, it can be employed from many devices and locations, while still preserving the capacity to initiate trades, oversee positions, and engage in real-time analytics.
Mobile Trading App
FXTM’s mobile apps for Android and iOS equip traders to remain informed about market changes continuously. These apps facilitate dynamic quote feeds, chart evaluations, and swift order placement, preventing the loss of fleeting market possibilities. Traders can also configure notifications for price or event triggers, encouraging prompt action if abrupt market fluctuations occur.
Tradable Instruments
Tradable Instruments
Instruments: 60 Forex pairs, 8 Commodities, 21 Index CFDs, 802 Equity CFDs, 639 US-listed stocks
Equipped with a wide collection of tradable assets, FXTM appeals to those looking to craft diverse portfolios and tap into cross-asset correlations. For instance, currency-centric investors can counterbalance commodity risk by trading in metals or oil, while an equities-CFD specialist might handle index CFDs to reduce the general market’s fluctuations. This breadth caters to short-term or extended-range trading methods alike. FXTM links these instruments to an educational backbone, enabling traders to gain an integrated view of how individual markets converge within the larger financial system.
Forex Currency Pairs
FXTM presents upward of 50 currency pairs, from mainstream majors to more obscure minor and exotic groupings. This broad coverage provides users the chance to diversify beyond typical Forex sets or investigate novel segments. Popular pairs such as EUR/USD, GBP/USD, and USD/JPY continue to be staples for many, but cross pairs like EUR/GBP or AUD/NZD may offer specialized opportunities to those employing targeted strategies.
Spot Metals
Precious metals like gold and silver remain frequent attractions for investors seeking safe havens or non-traditional portfolio options. At FXTM, these metals can be traded as CFDs, giving traders flexible leverage options and enabling them to proceed with either bullish or bearish speculation, aligned with the current climate in metals markets.
Equity and Commodity CFDs
Traders drawn to stocks or key commodities have access to a wide range of CFD contracts via FXTM, permitting them to capitalize on price shifts in top-tier firms or major goods without direct ownership obligations. From oil to big-name equities, these CFDs open many pathways to track broad economic signals and apply techniques like hedging or diversification.
Cryptocurrencies
In recognition of sustained interest in digital currencies, FXTM extends trading in major cryptos such as Bitcoin, Ethereum, and Litecoin through CFD instruments. This arrangement allows clients to engage with the significant volatility typical of cryptocurrencies without requiring specialized crypto wallets or stepping onto unregulated exchange platforms. Under regulated brokerage conditions, traders benefit from more structure and security.
Indices
Indices act as consolidated indicators that blend numerous stocks, capturing the performance of a broader market or a particular sector. FXTM covers a variety of prominent global indices—DAX 30, NASDAQ 100, FTSE 100, and S&P 500 among them—enabling participants to speculate on total market trajectories rather than the outcomes of individual enterprises. This option suits those eyeing macroeconomic forces or seeking an overarching gauge for a region’s stock performance.
Account Types
Account Types
Picking an account type at FXTM depends on numerous factors like personal funds, technical know-how, and a trader’s overall objectives. A demo account may initially assist those seeking practice without risk, while the Cent Account provides a gradual path into live trading. Traders wanting zero commissions and moderate spreads might select the Standard Account, whereas experienced participants looking for minimal spreads and direct order routing could favor ECN or Pro accounts. FXTM’s support staff offers suggestions and knowledge to ensure potential clients settle on the most appropriate account design for their aims and tolerance of risk.
Standard Account
The Standard Account aims to deliver a straightforward trading setup, presenting moderately tight spreads and no commissions on select Forex and CFD instruments. The entry deposit threshold is fairly approachable, thus welcoming traders with varying capital levels. Standard account holders also benefit from brisk order processing and an uncluttered platform interface.
Cent Account
Traders reluctant to start with larger sums or newcomers transitioning from demonstrations may opt for the Cent Account, which registers balances in cents to temper potential exposure. Despite such accounts occasionally featuring higher spreads than advanced options, they grant an easy gateway to real-market conditions, enabling novices to build confidence with minimal financial risk.
ECN Account
The ECN Account invites more seasoned traders who aim for razor-thin spreads—potentially dipping around 0.1 pips—though accompanied by a minor commission. Scalpers and high-frequency advocates appreciate this model for its direct-to-market access and reliable fill speeds, even amid volatility. Furthermore, liquidity levels are commonly elevated, appealing to traders executing larger orders regularly.
FXTM Pro Account
Fashioned for professionals, high-net-worth traders, or institutional users, the FXTM Pro Account extends raw spreads that can initiate at 0.0 pips, supported by liquidity from top-tier providers plus swift execution times. While the initial deposit is higher relative to other accounts, the robust performance and minimal slippage can be crucial for those handling considerable trade volumes or in need of precise trades.
FXTM Leverage
FXTM may offer leverage up to 1:2000, depending on regional limitations and the account classification. This high leverage enhances potential gains when starting with smaller capital, yet it equally amplifies the risk factor. Hence, implementing well-founded risk measures—such as carefully placed stop-losses and sensible position sizing—remains indispensable, particularly for those exploiting the maximum leverage boundaries.
Deposits and Withdrawals
Deposits and Withdrawals
Throughout different markets, FXTM’s flexible deposit and withdrawal processes mesh neatly with localized banking infrastructures, which often drives down transaction expenses and accelerates settlement periods. The broker regularly endorses regional e-wallet services and forges ties with local banks, improving overall accessibility. Beyond convenience, FXTM actively embraces evolving financial technologies, delivering refined and more economical avenues for depositing or withdrawing assets. This approach grants traders simpler alternatives for capital management, whether funding accounts or collecting proceeds.
FXTM Deposit Options and Fees
FXTM supports multiple deposit routes for a broad spectrum of global users, spanning bank wire transfers, card-based transactions, and electronic wallets like Skrill or Neteller. The minimum deposit thresholds shift according to the targeted account—some accounts, such as cent-based ones, might only need 10 USD, whereas advanced tiers could call for a heftier outlay.
In general, FXTM refrains from internal deposit fees, though outside banking entities or wallet providers might impose their own administrative or conversion charges. Reviewing FXTM’s official references and double-checking terms with one’s financial intermediary fosters clarity regarding any unexpected costs.
FXTM Withdrawals Options and Fees
FXTM typically maintains the same withdrawal paths available for deposits, encompassing credit or debit cards, e-wallets, and standard bank wires. The exact times for completion vary based on the chosen format: e-wallet transfers may take only hours, while wiring funds to a card or through a bank can stretch over multiple working days.
Certain withdrawals may entail a nominal processing fee. For instance, a bank wire transfer can incur fixed levies determined by the receiving institution. FXTM thoroughly documents these fees and processing durations for every method, allowing traders to schedule and govern their funds effectively.
Visa
Mastercard
Skrill
Fees and Commissions
Fees and Commissions
One aspect commonly commended by FXTM’s user base is the broker’s forthright fee blueprint. By openly specifying all spreads, commissions, and non-trading fees, FXTM delivers participants with detailed insight into prospective costs prior to applying trading strategies. This clarity proves particularly helpful for scalpers and those dependent on quick-order tactics, where slight variations in spreads or fees can critically shape total profit. Furthermore, FXTM may sporadically launch short-lived promos or reduced charges, further cutting costs for select account formats or instruments. Traders who stay informed on these updates can best leverage FXTM’s budget-friendly fee model.
FXTM Trading Fees
At FXTM, trading fees primarily hinge on the selected account category and the instrument in use. Ordinarily, these fees are formed from spreads, commissions, or both. Standard and cent-based accounts mostly revolve around spreads, sparing traders from fixed-per-lot fees. Conversely, ECN-focused accounts often furnish slimmer spreads but include a small commission. Through this flexible system, FXTM empowers each trader to adopt whichever design suits their method—whether that means narrower spreads, smaller initial deposits, or straightforward cost structures.
At root, FXTM’s perspective on trading fees is to remain both competitive and fully transparent. All charges, from commission rates to swap fees for overnight positions, are detailed on the broker’s official site. This level of disclosure aids traders in anticipating their operational expenses and implementing thorough risk oversight.
FXTM Spreads
FXTM’s spreads are frequently seen as market-competitive, chiefly for primary Forex pairs like EUR/USD, GBP/USD, and USD/JPY. The actual spread encountered depends on the specific account and the prevailing liquidity environment. Listed below are some approximate figures (which may fluctuate in line with market volatility and liquidity):
- Standard Account: Spreads from roughly 1.3 pips on significant currency pairs
- ECN Account: Spreads beginning at 0.1 pips, combined with a commission per lot
- FXTM Pro Account: Untouched spreads from 0.0 pips, suitable for higher-volume traders
Those seeking the tightest spreads may lean toward the ECN or Pro choices, while participants wishing to bypass direct commission might opt for Standard. In each scenario, FXTM clarifies spreads within the trading terminals.
FXTM Non-Trading Fees
Non-trading fees include charges not linked to entering or closing positions. Typical illustrations cover deposit and withdrawals costs, monthly service fees, or inactivity fees. Usually, FXTM does not impose a regular account fee, but inactivity fees can arise if no trades are performed for an extended timeframe—often half a year.
Moreover, users should remain mindful of potential currency exchange fees in instances where the deposit or withdrawal currency diverges from the account’s base currency. Scrutinizing FXTM’s comprehensive fee list and speaking with customer support can be pivotal for grasping these extra costs and factoring them into a trading plan.
Bonuses and Promotions
Bonuses and Promotions
FXTM’s promotional activities are generally aligned with the broker’s overarching agenda, balancing the retention of established traders and attracting newcomers. In some instances, promotions may be combined—for instance, a welcome bonus plus a cashback incentive—allowing participants to maximize prospective gains. Nonetheless, each bonus policy stipulates its own thresholds for volume and sets of withdrawal rules, thus warranting careful organization. FXTM’s support arm stands ready to clarify how promotional funds interface with tangible balances and margin constraints, demonstrating the company’s ongoing dedication to clarity and client-centered promotional frameworks.
Welcome Bonus
FXTM might occasionally present a welcome bonus to freshly signed-up clients, contingent on making a real-money deposit into a live account. These bonuses could be awarded as deposit matches or trading credits. While each offer carries unique parameters—like set deposit floors or specific withdrawal restrictions—potential participants need to read the relevant information carefully to fully leverage and comply with the offer.
Refer-a-Friend Program
As part of the Refer-a-Friend plan, current FXTM users are prompted to encourage contacts to sign up with the broker. In certain cases, both parties receive a monetary benefit or credit, usually correlated with the new client’s initial funding and fulfillment of the program’s rules. This arrangement extends FXTM’s consumer reach while forging a communal feel among traders.
Loyalty Cashback Promotion
FXTM’s Loyalty Cashback initiative enables consistently active traders to earn rebates depending on trading frequency or completion of set targets. These partial refunds help bring down trading expenditures, bolstering net gains for individuals who transact heavily. As usual, participants should adhere to the stipulated terms—like time spans, trade quantity prerequisites, or any withdrawal limitations—to be sure they can redeem and profit from these promotional benefits successfully.
Education
Education
Elevating traders’ proficiency forms a cornerstone of FXTM’s mission. The broker supplies an extensive variety of educational materials, including:
- Online Webinars: Live, internet-hosted events covering strategy development, market-level examination, and detailed platform usage.
- Video Tutorials: Concise recordings showcasing functionalities of MT4 and MT5, risk management strategies, and reading technical signals.
- eBooks and Articles: Exhaustive publications suitable for first-time traders and experienced users, addressing numerous relevant topics.
- Local Seminars and Workshops: In certain geographic areas, FXTM arranges face-to-face training sessions, offering personalized instruction and the chance to interact with fellow participants.
Through these comprehensive learning avenues, FXTM empowers individuals at all competence levels to enrich their abilities, thus improving the likelihood of consistently strong performance in a changing market scenario.
Allowed Countries
Allowed Countries
FXTM accommodates traders from a wide range of regions globally, spanning Europe, Asia, Africa, and Latin America. Nevertheless, it does not accept clients in several locations, including Japan, Canada, or the United States, due to legal constraints that impede offshore brokerage activity. All new users must fulfill comprehensive KYC checks, verifying their identity and residence data, in accordance with regulatory requirements. Anyone unsure about eligibility can explore FXTM’s main site or contact the support staff to ascertain if their home nation qualifies.
Excluded Countries
United States
Mauritius
Japan
Canada
Iran
North Korea
Iraq
Cyprus
Syrian Arab Republic
Cuba
Myanmar
Customer Support
Customer Support
FXTM’s commitment to reliable service is evident in the various ways it assists traders, including phone, email, and live chat channels. The staff is skilled in multiple languages—Arabic, English, Spanish, and Chinese, among others—thus engaging an international user base. Be it clarifications regarding platform issues, account details, or typical inquiries, FXTM strives for swift and knowledgeable resolutions. The broker’s official site also hosts an extensive Help Center, encompassing common queries and step-by-step tutorials for frequently encountered obstacles.
Broker Name: FXTM
Broker Type: ECN
Country: Cyprus
Operating since year: 2011
Regulations: CySEC (Cyprus), FCA (UK), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)
Phone: +357 25 558777 (Cyprus Office)
Email: [email protected]
Address: ForexTime Ltd FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156 Limassol, Cyprus
Broker status: Active
FAQs
FAQs
Does FXTM allow scalping?
Yes, FXTM has no restrictions on scalping and provides ideal trading conditions for scalpers, making it a suitable choice for high-frequency trading strategies.
What country is FXTM headquartered in?
FXTM’s headquarters is located in Cyprus.
How much does FXTM charge for withdrawal?
FXTM does not charge internal fees for withdrawals, but traders may incur third-party payment processor costs depending on the withdrawal method used.
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