ForexTime (FXTM) Review

Read our in-depth forex broker review on ForexTime ✅ Find out how this brokers broker compares to others.
Overall Rating


Top 5 Forex Brokers

 ForexTime (FXTM) Review

📅 Year founded


📈 Multiple top-tier regulation


📍 Headquarters

Limassol, Cyprus

🌍 Country of regulation

Cyprus / Kenya / England / Mauritius / South Africa

✅ Regulators


📈 Execution Type

Market Execution / Instant Execution

💰 Minimum Deposit

$10 for Micro accounts / $500 for Advantage accounts

🛡️ Negative Balance Protection


📉 Trading Platforms

MetaTrader4 / MetaTrader / WebTrader / FXTM Trader

 ☪  Islamic account


📉 Trading Instruments

Metals / Commodities / Stocks / Stock CFDs / Forex / Cryptocurrencies / Indices / CFDs / Index CFDs / Share CFDs / Commodity CFDs

📱 Mobile trading

iOS / Android

💳 Payment Types Accepted

Credit and Debit Card / Bank Wire Transfer / GlobePay / Skrill / PayRedeem / PerfectMoney / Neteller

🎮 Demo Account


 ⓒ Copy Trading

Yes (Platform-Based)

🎁 Bonus Offer


💰 Account Currencies


📈 Minimum Trade

0.01 Lots

📈 Account Types


📈 Margin Trading


📈 Trading fees


📈 Inactivity fee

After 6 Consecutive Months

💰 Withdrawal fee

No / up to 3% of account value if the account has been inactive

☎ Customer Support

24/5 Assistance / Saturday 11:00 – 16:00 / Sunday 12:00 – 20:00 (GMT +2)

💰 Max. Leverage

2 000:1

✔️ Hedging Allowed


✔️ Scalping Allowed


💰 Commission

Micro is Zero / Advantage from $0.4-$2 per lot / Advantage Plus is Zero

💰 Spreads

Micro from 1.5 / Advantage from 0.0 / Advantage Plus from 1.5

💰 Leverage

2 000:1 on Advantage and Advantage Plus / 30:1 on CFDs

💰 Currency Pairs (Total Forex pairs)

60 +

🔢 Number of clients

1 000 000 +

🥇 Instruments Offered

1 000 +

📙 Education

Videos / Articles / Glossary / eBook / Daily Market Analysis

Click here ✅ Open a Trading Account




Found in 2011, ForexTime (FXTM) is a respectable forex and CFD brokerage firm with its headquarters located in Cyprus. It is regarded as one of the best online brokers and is regulated by CySEC, FCA and FSCA.

At FXTM, clients can trade a range of trading instruments, such as forex, spot metals, share CFDs, CFDs on commodities, CFDs on indices, CFDs on cryptocurrencies and stocks.

The broker also offers a variety of trading platforms to its traders, including the MetaTrader4 (MT4) and MetaTrader5 (MT5) platforms.




FXTM was launched in 2011 and has been called one of the world’s best and fastest developing forex brokers. FXTM has its headquarters in Cyprus (Limassol) and is regulated by the Cyprus Securities & Exchange Commission and the Financial Conduct Authority.

In a rather short period, FXTM has shown fast growth within Europe, while they also focus on the African and Asian areas. It is also regarded as one of the best brokers in forex.

In this FXTM review, we see that the brokerage is an expert in leveraged trading, providing the customer with the potential to create financial returns across forex, shares, commodities, indices and cryptocurrencies.

FXTM can help their clients to find freedom in the financial markets, whether their clients are expert traders or just starting out.





  • Fast customer service with relevant answers.
  • Customer service is available in many languages.
  • Digital and fast account opening process.
  • Demo account available.
  • Live webinars.
  • A number of great educational tools available.
  • Credit or debit card options available.
  • Fast deposits and withdrawals.
  • Customisable charts and workspace.
  • Order confirmation.
  • Well-regulated.
  • PAMM accounts.
  • Tight spreads.
  • High leverage offered.
  • Low minimum deposit.
  • Various trading accounts available.
  • Commission free trading.
  • High stock CFD fees.



  • An inactivity brokerage fee is applicable.
  • A withdrawal brokerage fee is applicable on inactive accounts.
  • Some asset classes are lacking such as ETFs, bonds and mutual funds.
  • Lacks two-step login.
  • Lack price alerts.
  • No bonus or welcome bonus on offer.
  • Only MetaTrader4 and MetaTrader5 trading platforms available.




With FXTM, traders can trade an extensive variety of trading instruments, including:


Forex Currency Trading

Forex currency trading, or FX trading, allows traders or investors to benefit from the small fluctuations in the value of a certain currency.

FXTM provides traders and investors with real-time analysis tools to support their clients with their trading approaches.

The FXTM broker provides its customers with the necessary tools to enter the forex market 24/7. With around $6 trillion USD being traded every day, the forex market is the most liquid market globally.


Spot Metals

Trading precious metals with FXTM is to trade silver or gold spot prices for a major currency. For instance, “XAGUSD” is the pair to trade silver against the Dollar, or “XAUCAD” is the pair to trade gold against the Canadian Dollar.

Gold and silver are the most popular precious metals and trading choices among investors and traders that have been traded for goods and currencies throughout history.

*A spot price is the real-time / present market value for which a commodity can be purchased or sold. Each precious metal (E.g. silver and gold) have their own spot value/price that changes a number of times per day.


Share CFDs

Trading in share CFDs provides traders/investors with access to the stock market of several more recognised companies, such as Amazon.

FXTM provides access to popular European and US company shares as CFD’s, adding more diversity to their customers’ portfolios. Investors and traders will be trading against the price share fluctuations of a company.

*Trading CFD’s (Contracts for Difference) is to trade on a market’s value / price without taking ownership of the shares of the underlying asset. When trading shares, an investor or trader takes ownership of the underlying asset.


CFDs on Commodities

FXTM offers both types of crude oil and natural gas commodities. Trading CFDs on commodities such as oil and gas can be used to expand an investor’s portfolio, providing access to these markets without taking ownership of the product. These assets remain to be a popular trading choice amongst investors and traders.


With FXTM, traders can trade CFDs on these commodities:

  • US natural gas (spot).
  • UK Brent oil (spot).
  • US crude oil (spot).


Oil (black gold) can be very sensitive to economic and political influences. As a result, oil’s unpredictable market means that there can be a lot of investment opportunities for investors or traders.

Oil and gas prices also fluctuate according to the demand, supply and overall confidence in the worldwide economy.


CFDs on Indices

By trading CFDs on indices, traders can enter the global markets and get a rough idea of an entire market sector. FXTM provides a selection of common indices from around the world, including the United Kingdom, Australia, Germany and the United States.

A trader can expect to decide on a range of industry-leading of indices when trading with FXTM. A CFD indices trader can trade indices with FXTM, such as:

  • UK100 (Uk 100).
  • FCHI40 (France 40).
  • HSI50 (Hong Kong 50).
  • JAP225 (Japan 225).
  • SPN35 (Spain 35).
  • SP500m (US SPX 500 – Mini).
  • STOX50 (Europe 50).
  • GDAXIm (Germany 30 – Mini).
  • ND100m (US Tech 100 – Mini).
  • WSt30m (Wall Street 30 – Mini).
  • AUS200 (Australia 200).


FXTM’s superior online trading conditions make sure that a trader / investor can exchange indices with leverage which is suitable for such a trader’s / investor’s trading style. FXTM provides index trading on several of the most active securities all over the world.

*Indices provide a comfortable system to determine the total performance of the stock market, or a section of the stock market, over a certain time period.


CFDs on Cryptocurrencies

With FXTM a trader can trade cryptocurrency CFDs (Bitcoin, Litecoin, Ethereum and Ripple) against the US Dollar.

The main advantage of trading cryptocurrency CFDs against the US Dollar is that investors / traders can possibly profit from a drop in the market value, and also from an increase.

FXTM provides cryptocurrency CFD trading for the following digital coins:

  • Bitcoin.
  • Litecoin.
  • Ethereum.
  • Ripple.


* Cryptocurrencies provide an alternative to the general currencies, allowing unregulated, rapid, unidentified payments all over the world.


Stock Trading

FXTM allows traders to trade the stock market, and traders have direct access to liquidity pricing with “on the spot”-data from the world’s biggest stock exchanges, namely NASDAQ and NYSE (New York Stock Exchange).

FXTM provides stocks from Facebook, Apple and Alphabet (previously Google), which are currently the top-performing “technology” stocks (growth stocks) from the NASDAQ stock exchange.

A trader in the stock market attempt to profit from the gradual increase of a company’s worth.

Stock CFD traders attempt to benefit from the fluctuation of an underlying asset without taking ownership of it, whereas stock traders attempt to benefit from the worth of the share they own.




FXTM provides a number of trading platforms that can be accessed via the web, mobile or desktop. FXTM is a broker for MT4.

FXTM traders using a laptop or desktop can choose between the MT4 or MT5 platforms. These are the recommended trading platforms, with outstanding status. The MT4 platform is the broker’s best trading platform.

Both MT4 and MT5 versions can be downloaded on desktops or laptops.


Web trading platform

FXTM does not own a private/“self-developed” web trading platform. FXTM uses MT4 and MT5 web trading platforms, the industry’s top software third-party providers. These web trading platforms are highly customisable and are also offered in various languages. A trader will be able to effortlessly modify the size and location of the tabs.

FXTM MT4 and MT5 platforms are highly comparable to one another in functionality, appearance and composition. FXTM has flawless brokerage fee and portfolio reports, and a trader can effortlessly understand his or her profit-loss scale, as well as the commissions they paid.

A customer-centric broker such as FXTM makes these leading platforms available to download for free. The FXTM broker also provides its customers with any practical or technical assistance they require.


Mobile trading platform

FXTM has a cleverly designed and accessible mobile trading platform, presented by MT4 that is available for both Android and iOS.

FXTM also provides the MT5 mobile trading platform. Similar to the web trading platform, the mobile platform also provides various languages for a user to choose from.


FXTM Trader is FXTM’s best trading app. It is a custom-made app that allows a trader to enter the relevant markets from anyplace at any time. FXTM Trader helps traders to keep up to date with markets, since financial markets are moving all the time.

The app also allows traders to instantly access live currency rates and view their own trading accounts.

The FXTM Trader app provides the following features:

  • Live currency rates – 24 hours a day, 5 days per week (forex trading hours).
  • The demo and live accounts provide open, close and modify positions on all CFD and forex trading instruments.
  • Dashboard is user-friendly.
  • Unrestricted access to deposit, withdraw and monitor funds.
  • Advanced charting tools.
  • 1-click trading.


Desktop trading platform

FXTM’s MT4 desktop trading platform is more or less the same as the web trading platform in functionality and design. A main difference between the desktop and web trading platforms, is that a trader can set up price alerts on the desktop trading platform.

A trader can use the MT4 and MT5 desktop trading platforms. 

*A forex trading platform such as MT4 or MT5 is not limited to foreign exchange only — traders can also trade a range of other financial instruments, such as CFDs, commodities, precious metals, etc.




With FXTM, traders can choose between numerous account types. These account types are different from each other in terms of minimum deposits, availability in certain countries, pricing and the different trading products offered.

FXTM’s trading accounts ensures their customers with the convenience of two major types of accounts: the Advantage Account and the Advantage Plus Account. As well as the Micro Account for entry level traders.



FXTM offers the Advantage Account option for its traders.  All of their Advantage accounts make use of “market execution”.

The Advantage Account consists of the following specifications:

  • The Advantage Account can work with either MT4 or MT5 platforms.
  • Account currencies are available in USD, EUR, GBP and NGN.
  • Tight floating spreads.
  • Floating leverage from 2 000:1.
  • Market order execution.
  • Spreads from 0.0 pips.
  • Hedging is allowed.
  • Commissions from $0.4-$2 USD per lot.
  • SWAP-free option on MT4.
  • A Minimum deposit of 500 USD / EUR / GBP / NGN.
  • Margin call of 80%.
  • FXTM MetaTrader Trading Instruments: forex pairs, metals, commodities, indices, stock CFDs, stocks and cryptocurrencies.



FXTM offers the Advantage Plus Account option for its traders.  All of their Advantage Plus accounts make use of market execution”.

The Advantage Plus Account consists of the following specifications:

  • The Advantage Plus Account can work with either MT4 or MT5 platforms.
  • Account currencies are available in USD, EUR or GBP.
  • Tight floating spreads.
  • Floating leverage from 2 000:1.
  • Market order execution.
  • Spreads from 1.5 pips.
  • Hedging is allowed.
  • Zero commissions.
  • SWAP-free option on MT4.
  • A Minimum deposit of 500 USD / EUR / GBP.
  • Margin call of 80%.
  • FXTM MetaTrader Trading Instruments: forex pairs, metals, commodities, indices, stock CFDs, stocks and cryptocurrencies.



FXTM offers the Micro Account option for its traders.  All of their Micro accounts make use of “instant execution”.

The Micro Account is an entry-level account and consists of the following specifications:


  • The FXTM Micro Account works with the MT4 platform.
  • Account currencies are available in EU Cent, US Cent, GBP Pence or NGN Kobo.
  • Tight floating spreads.
  • Fixed leverage from 1 000:1 (forex) and from 500:1 (spot metals).
  • Instant order execution.
  • Spreads from 1.5 pips.
  • No hidden commissions.
  • SWAP-free option.
  • Minimum deposit of 10 USD / EUR / GBP.
  • Margin call of 60%.
  • Trading Instruments: forex majors, minors and spot metals.




Opening an account with the broker is easy and fully digital.

The online application can take up to 30 minutes to complete and you can expect account approval within 24 hours from the start of the account opening process.

Steps of opening a trading account with FXTM:

  1. Provide personal details such as your name, email address, phone number and country of residence.
  2. The broker will send you a PIN code.
  3. Provide other information (birth date, level of education, etc.).
  4. Provide your current residential address.
  5. Provide the broker with answers.
  6. Answer questions regarding your trading history and financial background.
  7. Choose the account type that you want to open.
  8. Verification of your identity and nationality / residency.


It must be noted that US citizens cannot open a trading account with FXTM.




FXTM has one of the most popular social trading platforms, a.k.a. FXTM Invest. With this social trading platform, an individual can copy a forex trader’s (strategy manager’s) trades, based on his / her performance. The individual’s account is automatically connected to the Strategy Manager’s account.

FXTM Invest provides a great platform for traders that are just starting out, with potentially less risk. FXTM Invest is created to mutually benefit both the trader and the strategy manager.


FXTM Demo Account

FXTM offers traders with the alternative of opening a FXTM demo account. Demo accounts include many benefits that may help traders.

  • Risk-free trading with virtual money.
  • Practice under genuine market environments.
  • Try-out different trading approaches.
  • Become used to your favourite trading platform.
  • Copy trading.


Copy trading is another version of social trading that is offered by FXTM. Copy trading is similar to FXTM’s social trading platform (FXTM Invest), with a single difference – copy trading is offered by the MQL5 community.

One will have to open a trading account with FXTM in order to make use of “copy trading”. Unlike FXTM Invest, where one does not need to open an investment account.




As previously indicated, FXTM provides several different accounts where the commissions and fees may be different from one another.

ECN Accounts have commissions from $2 USD per lot, but there are no commissions on the other accounts (ECN Zero Accounts, Cent Accounts, Shares Accounts, Standard Accounts or Pro Accounts).

Please refer to the official FXTM website for updated information and figures regarding commissions and fees.




FXTM Leverage can be seen as a “loan” from FXTM, which is provided to the trader, in order for the trader to have more capital to trade with.

All margin and FXTM leverage requirements for trades can be viewed on FXTM’s website. These requirements are listed for the ECN, ECN Zero Trading and Standard Accounts. With FXTM, a trader will be able to trade with fixed or floating leverage.

Example: A trader is trading with 50:1 leverage and has a trading capital of $10 000. Based on the trader’s leverage, he / she has $500 000 (10 000 x 50) to trade with. If the trader decides to purchase the USDEUR at 1.3055 and close his / her position at 1.3155, the trader will have €5 000 (1.3155 – 1.3055) x $500 000 = €5 000).




Making deposits and withdrawals with FXTM is really easy and effortless. FXTM has a wide-ranging withdrawal /  deposit system, which consists of e-wallets, bank wires, credit cards, debit cards and cryptocurrency deposits.

In order for traders to use a deposit / withdrawal method that is suited for him / her, FXTM provides several deposit and withdrawal methods mentioned in the table above.

With FXTM, all transactions can be made via USD, GBP, EUR and a number of other national currencies.




FXTM’s customer service has a good reputation since they provide support and services through a wide range of languages (E.g. English, French, German, Italian, Spanish, Arabic, Chinese, Czech, Farsi, Hindi, Korean, Indonesian, Malaysian, Urdu Polish, Vietnamese and Russian).

Their customer support / service desk is available 24/5 and traders can contact an FXTM agent in a number of international locations through email, telephone or live chat.

They have established centres all over the world, including Europe, Africa, Indonesia, Thailand, Malaysia, China and more. FXTM has a client-oriented philosophy with competent customer support that is available via different sources.




Is FXTM regulated?

FXTM is regulated by the FSCA (Financial Services Commission of Mauritius), the FCA (Financial Conduct Authority) and the CySEC (Cyprus Securities and Exchange Commission).

FXTM has adopted certain protectionist measures in order to secure their customers’ information, account detail and payment details. These measures include the following:

  • Segregation of accounts.
  • Major banks partnerships.
  • Client registration with several Investor Compensation Funds.
  • Secure Sockets Layer (SSL) network security protocol.
  • Data transmission encryption.




All FXTM’s live account holders are eligible for cashback (rebates). Their Loyalty Cashback promotion is based on 5 levels. By moving up in the 5 levels, account holders are continuously rewarded with cashback (rebates).




FXTM offers numerous resources for learning to trade the financial markets. With a variety of educational resources on offer, any type of trader can develop their trading skills.



Clients can learn from various trainers around the world on the broker’s trading seminars. The seminars are created to provide main market updates and to teach clients how to enhance their trading strategies.



At FXTM, webinars are presented by professional traders and industry specialists that cover a number of different and relevant topics on trading.

The following benefits can be expected by taking part in webinars:

  • Learn the basics of trading forex.
  • Learn how to manage risk when trading.
  • Understand the psychology in trading.
  • Learn complex trading strategies.
  • Videos.


Customers can search for educational videos on the website’s library if they prefer to learn about trading using videos.



Clients can improve their trading skills through free eBooks that are offered by FXTM. These eBooks are created in order to complement the broker’s wide-ranging educational resources and trading tools.



In-depth articles cover more advanced and specific material on different trading topics.



An extensive glossary will provide all trading terms and definitions that you will need to learn more about the forex industry and to improve your trading skills.


Daily Market Analysis

Get the latest news and insights straight from FXTM’s in-house market analysts. Their team explains the price movements of the global markets, giving traders the in-depth knowledge they need to place trades.




FXTM is known as one of the globe’s fastest-growing forex brokers that have made ground-breaking development in a relatively short period. FXTM has also been applauded by the industry’s most respected award organisations time after time.

The online broker has a clear mission with a strong commitment to its customers around the world. Every award that FXTM receives is seen as proof of their commitment, global character, great customer service and advanced trading services.

Here are some of the broker’s accomplishments:

  • 2022 The Best Educational Program – World Financial Award.
  • 2022 The Most Trusted Forex Broker – World Financial Award.
  • 2021 Best Trading Experience – World Finance.
  • 2021 Best Online Leveraged Trading Specialists – Global Business Awards.
  • 2020 Best Trading Experience – World Finance.
  • 2020 Best ECN Broker –
  • 2019 Top European Forex Affiliate Broker Programme – Global Forex Awards.
  • 2019 Top Investment Broker – FX Daily Info.
  • 2019 Top Trading Experience – World Finance Awards.
  • 2018 Top Nigerian Online Forex Trading Company – International Finance Awards.
  • 2018 Reputable Investor Education Forex Broker Award –
  • 2018 China’s Forex Brand of the Year –
  • 2018 Top Forex Education Provider in Africa – International Business Magazine.
  • 2018 Top Trading Conditions – World Finance.
  • 2018 Top FX Broker in Asia – World Finance.
  • 2018 Top Forex Broker in Russia – FX Daily Info.
  • 2018 Most Innovative Broker – FX Empire.





The broker is a regulated online broker in the EU (Cyprus) and the United Kingdom. Promotions are allowed outside these regions but should still comply with the EU law.

Traders will get $5 USD back in cash for every trade that is made. It must be noted that there are terms and conditions that must be read and accepted before taking part in the broker’s promotions.



From time to time, trading contests are provided where you can compete against other traders for great prizes and impressive titles.

Contests are great to learn the markets while improving your trading skills. It provides traders with an opportunity to prove their trading talent and possibly receiving great prizes. FXTM offers both demo and live contests for its clients.


Demo Contest Benefits:

  • Great learning experience for traders that are just starting out.
  • Beginners will experience real trading conditions.
  • Opportunity to test your trading strategies before attempting the real market.
  • Get compensated for your trading talents.


Live Contest Benefits:

  • You have the opportunity to trade under real market conditions along with other experienced traders.
  • Get the excitement of a live contest where traders to push themselves to the max.
  • Experience a true reflection of your trading abilities.
  • Obtain rewards that are worthy of your ability.
  • The best traders can receive big cash rewards.




Is FXTM legit?

FXTM is a well-regulated broker that provides segregation of funds of retail traders. This online broker is considered to be safe and legitimate among different traders.

FXTM was found in 2011 and has received several industry awards up to date. More than 2 000 000 traders make use of the broker’s services globally.




FXTM is one of the best forex brokers for beginners. It is also one of the top forex trading providers in the world. As indicated in this FXTM review, the broker provides quality trading options for beginners and expert traders. They offer a variety of broker account types that allows traders to choose the best suitable broker account option for their specific needs.

FXTM is a MetaTrader broker that provides several account options for both MT4 and MT5 platforms where there are benefits and downsides to each broker account. FXTM also has reasonable pricing and competitive spreads in its ECN and Pro accounts. The addition of cryptocurrency CFDs to FXTM’s offering is also very encouraging.

FXTM is a respected STP / ECN broker and popular amongst traders that are just starting out. They provide instant order execution, low minimum deposit accounts and competitive spreads. This FXTM review concludes that it is a great broker for new traders with exceptional training material, global recognition from regulators and great client support.

In our FXTM broker review, we found that FXTM can be regarded as one of the best online brokers.


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