
FXTM Review 2025
Cyprus
Leverage: Up to 1:2000
Deposit: From 200 USD
Spread: Low
Regulation: CySEC (Cyprus), FCA (UK), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)
Leverage: Up to 1:2000
Deposit: From 200 USD
Spread: Low
Regulation: CySEC (Cyprus), FCA (UK), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)
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
ForexTime, widely known as FXTM, functions as a globally esteemed online brokerage. Its core mission from the outset was to deliver superb trading conditions, adopt advanced technology, and furnish comprehensive educational support to market participants worldwide. Over time, FXTM has ascended to a prominent role in the broader trading domain, supplying an extensive set of services that address the requirements of both newcomers and seasoned traders. Even though the broker’s primary focus rests on Forex and CFDs (Contracts for Difference), it has notably broadened its catalog to include stocks, indices, commodities, precious metals, and cryptocurrencies, among various other instruments.
An outstanding feature that sets FXTM apart from numerous competitors is its unwavering drive for innovation. The firm frequently refines its trading interfaces and elements in order to keep up with fluctuating market trends, assuring customers access to inventive features. Individuals who choose FXTM can pick from assorted account types, each meticulously tailored to particular financial targets, trading approaches, and experience tiers. Whether a person is honing abilities on a cent account or enacting large-volume transactions on an ECN or pro account, FXTM strives to uphold a transparent and dependable trading environment.
In addition, FXTM assigns high significance to customer support, offering linguistic versatility and multiple communication avenues so that traders’ questions can be promptly resolved. Concurrently, FXTM places considerable emphasis on its educational assistance for market users, providing textual how-to guides, video-based tutorials, frequent webinars, and in-person seminars that fortify traders’ knowledge of financial markets and related strategies.
If you are new to FXTM and would like to explore the platform without risking actual funds, a demo account creates a realistic yet risk-free setting. For those prepared to engage in live trading, you can consult the instructions on opening an account, outlining the enrollment process, identity verification steps, and regulatory expectations.
Below is a concise table that underscores key characteristics of FXTM as a brokerage:
Thanks to these attributes, FXTM has fortified its reputation as a trustworthy broker in global finance, steadily growing its clientele and expanding its services to meet various trading styles.
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
Regulations: CySEC (Cyprus), FCA (UK), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)
Beyond meeting diverse regulatory thresholds, FXTM also practices negative balance protection, preventing users from experiencing losses beyond the funds in their accounts. This measure is especially vital under conditions of heightened market volatility, sparing participants from incurring liabilities that exceed their deposited amounts. The company’s dedication to clarity is further exemplified by regular advisories to traders regarding possible risks and essential revisions to trading parameters, allowing them to make sound decisions. By fusing timely outreach with reinforced security mechanisms, FXTM reinforces confidence in its operations and keeps client well-being at the forefront of its endeavors.
Is FXTM Regulated?
FXTM possesses multiple regulatory accreditations across distinct regions, highlighting its commitment to upholding stringent legal standards. It is licensed under the Cyprus Securities and Exchange Commission (CySEC) by license number 185/12, enabling it to render investment solutions across the European Economic Area (EEA). Moreover, the Financial Conduct Authority (FCA) in the UK—recognized for enforcing strict codes of conduct and accountability—supervises the broker’s procedures. FXTM is similarly overseen by the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Commission (FSC) in Mauritius, underscoring the firm’s commitment to industry-accepted norms and continuous responsibility in preserving client trust.
Is FXTM safe?
Safety remains a primary concern for every trader, prompting FXTM to institute varied methods in maintaining a secured framework. By separating clients’ deposits from the broker’s operational accounts, FXTM protects user funds should the organization confront financial hurdles. Additionally, FXTM adheres to expansive regulatory and compliance mandates, including recurring financial appraisals. Alongside that, the company uses strong encryption methods and secure transaction routes to shield sensitive information. Collectively, these protocols position FXTM as a fitting option for individuals who value stability and robust data protection in a brokerage setting.
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
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
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
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
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
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
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
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
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
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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