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FXTM Facts

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FXTM is the most popular and reputed broker across the globe. The broker, which is also known as ForexTime, started its operation in 2011 in London, UK. The brokerage firm offers exceptional trading features and services to clients all over the world. Below will see an unbiased FXTM review based on various factors and benefits that the broker provides.

The broker offers a wide range of 250+ tradable assets from various financial markets, including forex trading, stock trading, indices trading, commodity trading, etc.

Traders get various options to choose from six different types of trading accounts under the Standard and ECN accounts. Some accounts offer commission-free trading while some accounts are commission-based.

The broker offers the globally recognised and most popular MetaTrader4 and MetaTrader5 trading platform and proprietary FXTM trader app. The trading platforms are equipped with the latest trading technology and trading tools and charts.

Traders can learn about different financial market’s various trading strategies and dynamics through brokers exceptional and informative educational support.

The broker offers a broad range of payment options for deposit and withdrawal. The customer support team of the broker is outstanding and dedicated and offers 24/7 assistance.

FXTM Review Regulation and Protection:

FXTM is the trade name of ForexTime Limited, which is a regulated and authorised brokerage firm. The broker is regulated by the various financial authorities globally. 

  • Regulated by the Cyprus Securities and Exchange Commission(CySEC) under licence no 185/12
  • Regulated by the Financial Sector Conduct Authority(FSCA) of South Africa under licence no 46614
  • Regulated by the Financial Conduct Authority (FCA) UK under licence no 600475
  • Exinity Limited is regulated by the Financial Services Commission of the Republic of Mauritius under licence no C113012295.
  • The site uses encryption software to ensure users privacy and security
  • Protection of client’s funds in segregated accounts in top tier banks
  • Registration of various clients in the Investor Compensation Fund
  • Negative balance protection

FXTM has won several awards for its services and has an exceptional track record over the last ten years. FXTM is the safest trading venture for traders and investors to start trading. 
FXTM Legit Broker

FXTM Review Trading Account Types :

The broker offers various options to choose from six different account types under the main category Standard and ECN type. All account types offer the best trading services and features. The broker also offers a demo account and a swap-free Islamic account. Details of all account types as follows:

Standard Account:

  • Min Deposit: $100
  • Account Currency: USD / EUR / GBP / NGN 
  • Trading Platform: MT4/MT5
  • Margin Call: 40%
  • Stop Out: 20%
  • Swap-Free: Yes
  • Spreads: 1.3 Onwards
  • Commission: Zero

Cent Account:

  • Min Deposit: $10
  • Account Currency: US Cent / EU Cent / GBP Pence / NGN kobo
  • Trading Platform: MT4
  • Margin Call: 60%
  • Stop Out: 40%
  • Swap-Free: Yes
  • Spreads: 1.5 Onwards
  • Commission: Zero

Stock CFDs Account:

  • Min Deposit: $100
  • Account Currency: USD / EUR / GBP / NGN
  • Trading Platform: MT4
  • Margin Call: 40%
  • Stop Out: 20%
  • Swap-Free: Yes
  • Spreads: 0.1 Onwards
  • Commission: Zero

ECN Account:

  • Min Deposit: $500
  • Account Currency: USD / EUR / GBP / NGN
  • Trading Platform: MT4/MT5
  • Margin Call: 80%
  • Stop Out: 50%
  • Swap-Free: Yes
  • Spreads: 0.1 Onwards
  • Commission: $2 per lot

FXTM ECN Zero Account:

  • Min Deposit: $200
  • Account Currency: USD / EUR / GBP / NGN
  • Trading Platform: MT4/MT5
  • Margin Call: 80%
  • Stop Out: 50%
  • Swap-Free: Yes
  • Spreads: 1.5 Onwards
  • Commission: Zero

FXTM Pro Account:

  • Min Deposit: $25000
  • Account Currency: USD / EUR / GBP / NGN
  • Trading Platform: MT4
  • Margin Call: 80%
  • Stop Out: 50%
  • Swap-Free: Yes
  • Spreads: 0 Onwards
  • Commission: Zero

FXTM Review Account Opening:

The account opening process is hassle-free and straightforward; you can open an account and start trading within a single day. You just have to follow these simple steps:

  • Fill in the personal information and upload your ID proof and address proof documents.
  • Deposit your initial funds and start your fruitful trading journey.

Account verification and activation takes up to several hours. 

75% of retail investor accounts lose money when trading CFDs with this provider.

FXTM Review Tradable Assets:

The broker offers a broad range of 250+ instruments for trading CFDs, including currencies, stocks, commodities, indices, etc. 

  • 50+Currency pairs including major, minor, etc., with the leverage starting 1:200
  • 180+ stocks CFDs, including significant stocks across various indexes.
  • 5+ indices 
  • 5+ metals with leverage starting 1:50

All assets are commission-free, and spreads are variable and competitive compared to other brokers in the market.

FXTM Review Trading Platforms:

The broker offers the most used and globally famous trading platform, MetaTrade4 and MetaTrader5. The platform is available on the web, desktop and mobile apps. 

The trading platforms are advanced and user-friendly. Web trading platforms are the best. Users can use the platform directly by login and don’t need to download the platform.

Features of MetaTrader Trading Platform:

  • Economic Calendar
  • 38+ technical indicators
  • Community chat features
  • 21+ Time Frames
  • 4+ Order execution type

Mobile Trading Application:

The broker offers MetaTrader4 and FXTM trading app. Both apps are available on android and ios operating systems. The apps are very easy to navigate and have the best interface. Beginners also can easily start trading through these apps.

  • 250+ Trading instruments
  • Fast order execution
  • Realtime price updates
  • One-click trading
  • Advanced Charts and indicators

FXTM Review Commission and Spreads:

The broker offers commission-free trading on most of the trading accounts. While one of the ECN account types is commission based where commission starts as $2 per lot.

Spreads are floating based on the trading condition, asset type and market liquidity. Spreads start as low as 0 pip with the pro account, while with the standard account, it starts from 0.1 pips.

FXTM Review Maximum Leverage:

The broker offers variable leverage based on different trading assets and conditions.

  • Leverage for major trading forex currency pairs is set to 1:30 like EURUSD as per the guideline of ESMA regulation. While for some pairs like AUDCAD, EURAUD, NZDUSD leverage is set to 1:20
  • Metals: Leverage is 1:20
  • Commodities: Leverage is 1:10
  • Indices: Leverage is 1:5
  • CFD US Shares: Leverage is 1:5

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.

FXTM Review Deposits and Withdrawals:

The broker offers plenty of payment methods for deposit and withdrawal of funds. The deposits and withdrawals are free-free. Withdrawals processing timings vary as per the chosen payment method.

  • Bank Wire Transfer
  • Skrill
  • Neteller
  • Visa/ Mastercard
  • Maestro

The broker offers multiple bonuses and promotions, such as a 30% bonus and FXTM loyalty programs. All promotions and bonuses come with terms and conditions.

FXTM Review Educational and Research Support:

The broker’s most robust section is education and research support. It offers a wide range of quality and informative educational and research material to help both beginners and seasoned traders. Traders can learn the different trading strategies and understand the analysis of the financial markets with the help of this quality and valuable material.

  • VODs
  • Webinars
  • Tutorials
  • Ebooks
  • Economical Calendars
  • Seasoned Calendar
  • Daily News
  • Trading Signals

Customer Support:

The broker has a dedicated and well-trained customer support team that provides 24/7 assistance. Customers can reach them through live chat, email, and telephone. The response time is very fast, and you can get assistance in 17 different languages.

FXTM Accepted Countries

FXTM accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use FXTM from United States, Canada, Japan, Mauritius, Puerto Rico, Haiti, Suriname, Hong Kong.

Final Verdict:

This was the unbiased FXTM review based on several services and features. The broker is the most trusted and reliable online broker that offers ultimate trading services and trading conditions. The brokerage firm has an exceptional track record of more than 10+ years in the industry and has won several awards for its incredible services.

The broker provides trading on more than 250+ trading instruments through advanced trading platforms MT4, MT5 and FXTM trading application. Trades are commission-free, and spreads are very competitive compared to other service providers in the market.

Most important, the brokerage firm is highly regulated and authorised by the top financial authorities across the globe. Therefore the broker is trusted and the safest firm to trade. 

Overall, FXTM is an excellent online CFDs broker, and you can start your trading journey confidently. 

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FAQs

FXTM is regulated and authorised by CySEC, FCA, FSCA.

Yes, the broker offers MetaTrader4 and MetaTrader5 trading platforms.

The broker offers 1:30 maximum leverage as per the ESMA regulations.

You can start your trading with a minimum deposit of $10.

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