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FXTM
FXTM Overall Information
About FXTM
FXTM (ForexTime) is a globally recognized online Forex and CFD broker, renowned for its commitment to delivering reliable services, competitive trading conditions, and advanced platforms. Established in 2011, FXTM has grown into a trusted name with a strong presence across Europe, Africa, Asia, and Latin America.
Focused on accessibility and performance, FXTM offers a wide range of financial instruments including Forex, commodities, indices, stocks, and cryptocurrencies. With tight spreads, flexible leverage, and popular platforms like MetaTrader 4 and MetaTrader 5, FXTM provides a versatile trading environment tailored for both beginners and experienced traders.
Backed by multiple international regulations and a global client base exceeding two million users in over 150 countries, FXTM delivers security, transparency, and robust support.
Customer Support
FXTM offers help in multiple languages with support available 24/5 weekdays, with limited coverage over the weekend. FXTM aims to provide instant and more in-depth answers through its various customer support channels.
- Availability: Phone, Email, Live Chat, CallBack, Telegram, WhatsApp, Messenger, Viber
- Email: [email protected]
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FXTM MauritiusWebsite www.forextime.comPhone +44 20 3734 1025Address 5th Floor, NEX Tower, Rue du Savoir, Cybercity, 72201 Ebene, Republic of Mauritius
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FXTM East AfricaWebsite www.forextime.comPhone +44 20 3734 1025Address West End Towers, Waiyaki Way, 6th Floor, P.O. Box 1896-00606, Nairobi, Republic of Kenya
FXTM - Pros & Cons
Pros of trading with FXTM
- Wide range of account types
- No deposit fee
- Low Forex fees
- Low trading fees
- Low non-trading fees
- Easy and fast account opening
- Negative balance protection
- Competitive spreads
- Advanced trading platforms
- Scalping/Hedging is allowed
Cons of trading with FXTM
- Limited range of tradable instruments
- Limited educational materials
- Inactivity fees
- The customer support does not work on weekends
Safety and Regulations
Trading Regulators
FXTM (ForexTime) operates under the supervision of several respected regulatory authorities, ensuring a secure and compliant trading environment for clients across the globe. These regulators enforce high standards of financial conduct and operational transparency, strengthening client confidence and trust in the broker.
FXTM is regulated by:
- Financial Conduct Authority (FCA) in the United Kingdom
- Capital Markets Authority (CMA) in Kenya
- Financial Services Commission (FSC) in Mauritius
Security
FXTM adopts robust security protocols to safeguard client funds and personal data. Advanced encryption technologies and strict verification procedures are in place to protect against fraud and unauthorized access.
Client funds are maintained in segregated accounts at reputable banks, separate from the company’s operational funds. This ensures that in the unlikely event of company insolvency, client money remains protected. FXTM also offers negative balance protection across all its entities, so clients cannot lose more than their initial deposits, even in highly volatile markets.
Further enhancing fund safety, FXTM is a participant in an Investor Compensation Fund, providing an additional layer of protection for eligible clients.
Transparency
FXTM demonstrates a strong commitment to transparency through clear and accessible information about its services. The broker provides straightforward communication regarding account types, trading fees, and execution practices, helping clients make informed decisions.
To ensure client protection, FXTM maintains a policy of holding all client funds in segregated accounts, entirely separate from the company’s operational capital. This separation ensures that client money is never used for business expenses or speculative purposes. Additionally, FXTM offers negative balance protection across all its regulated entities, meaning clients cannot lose more than their deposited funds, even in cases of unexpected market volatility.
The broker’s transparency also extends to the disclosure of its regional entities and the varying levels of regulatory protection they offer. By offering full visibility into its operations and adhering to consistent execution standards, FXTM provides a secure and trustworthy trading experience.
Tradable Instruments
FXTM offers a broad selection of over 1,000 tradable instruments, making it a suitable choice for traders with diverse strategies and preferences. With access to global markets and flexible trading conditions, FXTM supports both short-term trading and long-term investment goals across a variety of asset classes.
Tradable Assets and Markets at FXTM
Forex
FXTM provides access to more than 60 currency pairs, including major, minor, and exotic pairs. Trades can be executed via MetaTrader 4 or MetaTrader 5 platforms, with spreads starting from as low as 0.0 pips on ECN accounts. Leverage of up to 1:3000 is available for international clients, while EU traders are limited to a maximum of 1:30.
Cryptocurrencies
Cryptocurrency CFDs are available on key digital assets, including Bitcoin and Ethereum. These instruments can be traded similarly to Forex pairs, allowing traders to speculate on price movements without owning the actual coins. While crypto CFDs are available to most international clients, they are not accessible to retail traders in the UK due to FCA restrictions. Professional clients, however, can still access these markets through FXTM’s platforms.
Commodities
FXTM provides a range of commodity CFDs covering spot metals like gold and silver, energy products such as crude oil and natural gas, and a selection of soft commodities. These assets are suitable for traders looking to diversify or hedge their positions, and they come with competitive spreads and flexible margin requirements. The commodity offering caters to both speculative traders and long-term investors.
Indices
Traders at FXTM can also access index CFDs, gaining exposure to the performance of entire equity markets. Popular indices such as the S&P 500, Dow Jones 30, and DAX 30 are available, offering opportunities to trade broader market trends with low transaction costs. Index CFDs are ideal for those seeking to trade economic sentiment or hedge other stock market positions.
Stocks
FXTM offers two distinct ways to engage with the stock market. First, clients can invest in real stocks from major exchanges like the NYSE and NASDAQ, with no leverage, an approach best suited to long-term investors. Second, leveraged stock CFDs are available, offering access to over 100 equities and thematic stock baskets that group companies by sector or trend. Fractional shares are also supported, making high-value stocks like Tesla and Apple more accessible to retail traders.
Account Types
FXTM offers a versatile range of account types designed to meet the demands of different traders, whether they are new to the markets or seasoned professionals. With a strong emphasis on advanced technology, transparent pricing, and customer-centric features, FXTM ensures that every client can find an account tailored to their trading style and goals. From stock-focused accounts to commission-based and spread-only models, each option provides access to a wide array of instruments and flexible trading conditions.
FXTM Live Accounts
Advantage Stocks Account
The Advantage Stocks Account is purpose-built for traders who specialize in equities and want direct access to global stock markets. Available exclusively on the MetaTrader 5 platform, this account offers trading on over 600 major company shares with spreads starting from just 6 cents. With no commission fees and highly competitive pricing, it presents an attractive solution for traders focused on stock market opportunities. This account is particularly well-suited to investors seeking portfolio diversification through equities, as it combines low trading costs with reliable execution and comprehensive market data. FXTM’s emphasis on cutting-edge platforms and real-time analytics ensures a smooth and efficient stock trading experience, while flexible leverage adds another layer of control for traders looking to fine-tune their risk exposure.
Advantage Account
The Advantage Account is a premier trading account offering tight spreads and low trading costs, making it ideal for traders who value cost-efficiency and advanced functionality. Supporting a broad spectrum of instruments, including forex, metals, indices, cryptocurrencies, and stock CFDs (available on MT5 only), this account provides spreads from 0.0 pips and a competitive commission starting at just $3.5 per standard lot on forex trades. Its structure is particularly appealing to scalpers and high-frequency traders, as it supports fast order execution, precision pricing, and advanced trading strategies. FXTM Advantage enhances the trading experience with transparent fees, professional-grade tools, and robust infrastructure, allowing both intermediate and expert traders to maximize performance with minimal friction.
Advantage Plus Account
For those seeking simplicity and a commission-free trading model, the Advantage Plus Account is a practical and efficient choice. Available on both MT4 and MT5 platforms, this account type offers all-in-one pricing with spreads starting from 1.5 pips and no additional commission charges. All trading costs are built into the spread, allowing for straightforward cost calculations. It supports a diverse range of assets, including forex, commodities, and indices, and is suited to traders at any experience level who value ease of use and stable trading conditions. With reliable execution, full platform functionality, and access to expert support, the Advantage Plus Account provides a user-friendly gateway into the markets while maintaining the quality standards FXTM is known for.
Demo Account
FXTM provides a comprehensive demo account for traders who wish to test strategies or familiarize themselves with the platform before transitioning to live trading. Powered by MT4, MT5, and the FXTM Trader App, the demo account mirrors real-time market conditions and enables users to trade with virtual funds in a fully simulated environment. This makes it a valuable tool for beginners learning the ropes as well as experienced traders testing new systems or refining their approach without risking capital.
Islamic Account
To accommodate clients who adhere to Sharia law, FXTM offers accounts that are fully compliant with Islamic finance principles. These swap-free accounts are available across all live trading account types and eliminate interest-based rollover fees on overnight positions. Instead, an administrative fee may be applied to ensure fairness and transparency. Traders using Islamic Accounts retain full access to the broker’s trading platforms and wide asset selection, ensuring that religious obligations are met without compromising on performance or trading capabilities.
Supported Platforms
FXTM offers traders a comprehensive selection of trading platforms designed to cater to varying levels of experience and trading styles. These platforms combine advanced features with user-friendly interfaces, making them suitable for both novice and seasoned traders.
The trading platforms supported by FXTM:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- Web Platform
- Mobile Platform
Overview of FXTM’s Trading Platforms
MetaTrader 4
MetaTrader 4 (MT4) is available through FXTM, offering one of the most popular and widely used trading platforms in the forex market. Known for its reliability and comprehensive toolset, MT4 continues to be a top choice for traders worldwide. Despite its somewhat outdated interface, MT4’s capabilities, such as advanced charting, automated trading via Expert Advisors (EAs), and an extensive library of technical indicators, make it a go-to for both beginners and experienced traders alike.
FXTM enhances the MT4 experience with several added tools, such as the Pivot Point Indicator, Pip Value Calculator, and Spread Indicator, giving traders additional insights and convenience. MT4 also supports customizable watchlists, one-click trading, and the ability to trade directly from charts, which boosts efficiency for traders of all levels. With various order types, market, limit, stop-loss, and trailing stop orders, traders can execute strategies precisely while managing risk effectively.
MetaTrader 5
MetaTrader 5 (MT5) builds on the foundation of MT4, offering a more advanced and versatile platform for traders. FXTM’s MT5 platform comes equipped with additional timeframes, a broader selection of technical indicators, and the ability to trade across multiple asset classes, including forex, stocks, and commodities. This makes MT5 a stronger contender for those seeking a platform with expanded capabilities.
MT5 also offers improved tools for algorithmic trading, supporting automated strategies with greater flexibility. Its advanced charting features, more detailed market depth, and a range of order types allow traders to approach their trading strategies with greater precision and control. Whether trading manually or using automated strategies, MT5 offers a modern solution for traders looking to elevate their trading experience.
Mobile Platforms
In today’s fast-paced world, mobile trading has become essential, and FXTM ensures its platforms are optimized for trading on the go. The FXTM Trader App is available for both iOS and Android devices, offering a sleek, user-friendly interface packed with powerful features. Traders can stay connected to their accounts, track market movements, and execute trades from anywhere with an internet connection.
The app is designed to cater to both beginner and advanced traders, providing a smooth and efficient mobile trading experience. Whether you’re on the move or at home, the FXTM Trader App ensures that you can manage your trades and make timely decisions with ease. Combined with the desktop platforms, FXTM offers a full suite of tools and resources to support traders in achieving their goals.
Trading Features
Copy Trading
Copy trading in forex enables traders to replicate the strategies and trades of experienced professionals directly in their accounts. FXTM offers its copy trading solution, FXTM Invest, which is designed to simplify access to trading opportunities. Through this platform, users can select Strategy Managers whose trading styles align with their goals. Once chosen, the platform automatically mirrors the selected traders positions in the user’s account.
One of FXTM Invests key advantages is that users retain full control of their funds. The only additional cost incurred is a performance fee paid to the Strategy Manager, and only when they make a profitable trade. Standard trading fees still apply to all transactions, including copied trades.
Rebates
Forex rebates are a valuable feature for traders to earn back a portion of their trading costs. With the PaybackFX cashback program, traders can maximize their returns by receiving rebates on every trade with their FXTM account or opening a new one through PaybackFX.
Check out the table below with the rebates you can earn with your FXTM account through PaybackFX:
Account Type | Instrument | Per Lot | Spread (%) | Commission (%) |
MicroAccounts | Majors, Minors, Exotics, Spot, Metals, Indexes | $7/Round Turn Lot | N/A | N/A |
Spot Indices |
N/A | 14% | N/A | |
AdvantagePlus Accounts | Majors, Minors, Exotics, Spot, Metals, Indexes | $7/Round Turn Lot | N/A | N/A |
Indices, CFD |
N/A | 14% | N/A | |
AdvantageAccounts | Majors, Minors, Exotics, Spot, Metals,Indexes | N/A | N/A | 22% |
Stocks CFDs |
N/A | 14% | N/A |
Commission and Fees
FXTM offers a competitive pricing structure tailored to a variety of trading strategies, from algorithmic trading to high-frequency and scalping strategies. The broker’s fee transparency and advanced execution technology make it a popular choice for traders who value low-cost trading and efficient order execution.
Trading Fees
The trading fees at FXTM are influenced by the chosen account type and trading instruments, starting with spreads as low as 0.0 pips
For CFD traders, FXTM provides competitive spreads on instruments such as indices and commodities. For example, the spread on Dow 30 is around 1.8 pips, which is competitive within the industry. However, spreads can widen during periods of low liquidity or high volatility, so traders should be aware of potential fluctuations.
Forex traders benefit from competitive spreads and low-cost execution, especially with the Advantage Account. Traders can enjoy tight spreads starting at 0.0 pips, with a commission of $3.50 per round lot. The Advantage Plus Account offers spread-only pricing, with spreads starting at 1.9 pips for major currency pairs.
Inactivity Fee
FXTM imposes an inactivity fee of $5 per month if an account remains dormant for more than 6 months. This fee helps maintain account activity and encourages traders to either close or activate their positions. The inactivity fee is relatively low and designed to prompt traders to stay engaged with the platform.
FXTM applies swap rates (overnight funding fees) for positions held overnight. These fees are determined by the interest rate differentials between the two currencies in a pair and vary depending on market conditions. FXTM provides clear visibility of these charges on the platform, allowing traders to make informed decisions regarding their overnight positions.
If traders deposit or withdraw funds in a currency that differs from their accounts base currency, currency conversion fees may apply.
Deposits and Withdrawals
Deposits
FXTM makes it simple for traders to get started with a minimum deposit requirement of just $200, which applies to all account types. This is accessible for traders at various experience levels who want to start trading with FXTM.
To make a deposit, you must use a bank account that is in your name, ensuring security and compliance with regulatory standards. FXTM offers a variety of deposit methods, including credit and debit cards, bank wire transfers, cryptocurrencies, and popular e-wallets. Additionally, the broker supports regional payment solutions in select markets to cater to local preferences.
Deposits are typically processed instantly, allowing you to fund your account quickly and begin trading without delays. FXTM does not charge deposit fees, making it cost-effective to get started, although international payment methods may incur some intermediary charges.
Withdrawals
FXTM offers multiple withdrawal options, but its important to note that there are fees associated with withdrawals, depending on your country of residence, the currency, and the method you use. Generally, bank transfers tend to carry the highest fees, while cryptocurrencies are often the most cost-effective withdrawal method in certain countries.
The withdrawal process is straightforward, with verified users able to submit withdrawal requests directly from their accounts. Most requests are processed within 30 minutes, ensuring quick access to funds. However, bank wire transfers may take 3 to 5 business days to complete.
The minimum withdrawal amount varies by payment method, offering flexibility for traders with different withdrawal needs. FXTM’s transparent approach ensures you can easily track processing times and fees through their client portal.
Deposit and Withdrawal Methods
Credit and Debit Cards (Visa, Mastercard), Bank Wire Transfers, Bitcoin Payments, Skrill, Neteller, WebMoney, Perfect Money, QIWI, UnionPay, Western Union, WorldPay, Yandex Money, and local options like M-Pesa.
Brokers Comparison
FXTM vs Vantage
When analyzing FXTM against Vantage, each broker offers unique benefits. Our detailed comparison tables below provide insights into their spreads, quotes, and trading volumes, enabling you to make an informed choice.
FXTM vs Vantage Spreads
The table below highlights the spread comparisons between FXTM and Vantage, helping traders select a broker that best fits their trading style.
Brokers | EUR/USD | GBP/USD | USD/JPY | GBP/JPY | USD/CAD | EUR/AUD | EUR/JPY | EUR/GBP |
---|---|---|---|---|---|---|---|---|
|
- | - | - | - | - | - | - | - |
|
- | - | - | - | - | - | - | - |
Brokers |
|
|
---|---|---|
EURUSD | - | - |
GBPUSD | - | - |
USDJPY | - | - |
GBPJPY | - | - |
USDCAD | - | - |
EURAUD | - | - |
EURJPY | - | - |
EURGBP | - | - |
FXTM vs Vantage Quotes
Our quote comparison table showcases bid and ask prices for currency pairs offered by FXTM and Vantage. Use this data to identify the broker offering more favorable pricing.
Brokers | EUR/USD | GBP/USD | USD/JPY | GBP/JPY | USD/CAD | EUR/AUD | EUR/JPY | EUR/GBP |
---|---|---|---|---|---|---|---|---|
|
- | - | - | - | - | - | - | - |
|
- | - | - | - | - | - | - | - |
Brokers |
|
|
---|---|---|
EURUSD | - | - |
GBPUSD | - | - |
USDJPY | - | - |
GBPJPY | - | - |
USDCAD | - | - |
EURAUD | - | - |
EURJPY | - | - |
EURGBP | - | - |
FXTM vs Vantage Volume
Analyze the trading volumes of FXTM and Vantage in the table below to determine which broker exhibits higher market activity and liquidity.
Brokers | EUR/USD | GBP/USD | USD/JPY | GBP/JPY | USD/CAD | EUR/AUD | EUR/JPY | EUR/GBP |
---|---|---|---|---|---|---|---|---|
|
- | - | - | - | - | - | - | - |
|
- | - | - | - | - | - | - | - |
Brokers |
|
|
---|---|---|
EURUSD | - | - |
GBPUSD | - | - |
USDJPY | - | - |
GBPJPY | - | - |
USDCAD | - | - |
EURAUD | - | - |
EURJPY | - | - |
EURGBP | - | - |
FXTM vs Pepperstone
When comparing FXTM with Pepperstone, both brokers are renowned for their competitive pricing and robust trading infrastructure. Refer to our comparison tables to analyze how these brokers measure up in terms of spreads, quotes, and trading volume.
FXTM vs Pepperstone Spreads
The table below showcases the spread differences between FXTM and Pepperstone. Use this information to determine which broker aligns better with your trading strategy.
Brokers | EUR/USD | GBP/USD | USD/JPY | GBP/JPY | USD/CAD | EUR/AUD | EUR/JPY | EUR/GBP |
---|---|---|---|---|---|---|---|---|
|
- | - | - | - | - | - | - | - |
|
- | - | - | - | - | - | - | - |
Brokers |
|
|
---|---|---|
EURUSD | - | - |
GBPUSD | - | - |
USDJPY | - | - |
GBPJPY | - | - |
USDCAD | - | - |
EURAUD | - | - |
EURJPY | - | - |
EURGBP | - | - |
FXTM vs Pepperstone Quotes
Compare real-time quotes for FXTM and Pepperstone in the table below. It provides actionable data to help you choose the best trading opportunities.
Brokers | EUR/USD | GBP/USD | USD/JPY | GBP/JPY | USD/CAD | EUR/AUD | EUR/JPY | EUR/GBP |
---|---|---|---|---|---|---|---|---|
|
- | - | - | - | - | - | - | - |
|
- | - | - | - | - | - | - | - |
Brokers |
|
|
---|---|---|
EURUSD | - | - |
GBPUSD | - | - |
USDJPY | - | - |
GBPJPY | - | - |
USDCAD | - | - |
EURAUD | - | - |
EURJPY | - | - |
EURGBP | - | - |
FXTM vs Pepperstone Volume
The volume comparison table below allows you to evaluate the trading activity of Pepperstone and FXTM, helping you identify which broker facilitates higher market participation.
Brokers | EUR/USD | GBP/USD | USD/JPY | GBP/JPY | USD/CAD | EUR/AUD | EUR/JPY | EUR/GBP |
---|---|---|---|---|---|---|---|---|
|
- | - | - | - | - | - | - | - |
|
- | - | - | - | - | - | - | - |
Brokers |
|
|
---|---|---|
EURUSD | - | - |
GBPUSD | - | - |
USDJPY | - | - |
GBPJPY | - | - |
USDCAD | - | - |
EURAUD | - | - |
EURJPY | - | - |
EURGBP | - | - |
FXTM - FAQs
FXTM is a regulated broker, supervised by reputable authorities including the Financial Conduct Authority (FCA), the Capital Markets Authority in Kenya (CMA), and the Financial Services Commission in Mauritius (FSC).
No, FXTM does not accept US clients.
Yes, FXTM is suitable for beginners. The broker provides comprehensive educational resources, including free webinars, tutorials, eBooks, and a demo account to help new traders build their skills.
Opening an account with FXTM is easy. To start trading, users need to complete the registration process on their website, submit personal details, and provide identity verification documents.
FXTM offers MetaTrader 4 and MetaTrader 5, two of the most popular trading platforms, providing advanced charting tools, technical indicators, and algorithmic trading capabilities.
Yes, FXTM provides demo accounts, allowing traders to practice and familiarize themselves with trading platforms and conditions without risking real money.
FXTM offers a range of account types, including Advantage Stocks, Advantage, and Advantage Plus accounts, catering to different trading styles and experience levels.
FXTM fees vary by account type. The Advantage Account has spreads from 0.0 pips with a $3.5 commission per lot, while the Advantage Plus has spreads from 1.5 pips with no commission.
The withdrawal fee varies based on the payment method used.
The minimum deposit at FXTM is USD 200.
The highest leverage available at FXTM varies by region due to regulatory restrictions. In regions with less restrictive regulations, leverage can go up to 1:2000 for specific account types and instruments.
Spreads start from 0.0 pips on the Advantage Account and 1.5 pips on the Advantage Plus Account. Major pairs like EUR/USD have spreads around 1.9 pips.
Yes, scalping is allowed on FXTM, enabling traders to execute quick trades in volatile market conditions.
Yes, FXTM supports hedging, allowing traders to manage risk by holding offsetting positions on the same asset.
Yes, FXTM provides Virtual Private Server (VPS) services, enabling traders to maintain uninterrupted trading with minimal latency.
FXTM offers cryptocurrency trading via CFDs on popular digital currencies such as Bitcoin, Ethereum, and Litecoin, allowing traders to speculate on price movements without owning the underlying assets.