FXTM
Published: Updated:
- Trust score
- 5/10
- Legal simplicity
- 5/10
- Min. deposit
- 1
- Payment systems
- Instruments
- Forex, Metals, Indices, Commodities, Energies, Stocks
- Legal entity
- ForexTime Ltd
- Jurisdiction
- Cyprus
- Fees
- Micro and Advantage Plus accounts carry the cost in a marked-up spread with no commission; Advantage accounts quote spreads from 0.0 pips with a volume-based commission that falls as monthly turnover rises. Overnight swaps apply, with swap-free accounts available.
- Withdrawals
- Withdrawals return to the funding method and are typically processed within one business day, with FXTM covering the fee on most methods. Card returns are limited to the deposited amount.
- Available in
Features
- Seminars and trader training
- Daily market analysis
- Low initial deposit
- Islamic (swap-free) accounts
- Deposit bonus promotions
- Segregated client accounts
- ECN account option
- Scalping allowed
- Affiliate program
- Wide selection of trading instruments
Pros
- ECN accounts with tight spreads
- Broad range of forex pairs
- CFD and cryptocurrency instruments available
- Regulated by CySEC and the FCA
- Generally well-regarded broker
Cons
- Charges a commission on withdrawals
- Stock CFD spreads are high
Founded in 2011 and based in Limassol, Cyprus, FXTM operates through ForexTime Ltd (regulated by CySEC and South Africa's FSCA, with an FSC Mauritius offshore arm) and ForexTime UK Ltd (regulated by the FCA), serving clients in more than 135 countries. It offers six account types, leverage up to 1:2000 outside EU/UK jurisdictions (capped at 1:30 on forex under ESMA rules), and access to over 250 instruments including forex, cryptocurrencies, metals, stocks, commodities, and indices.
FXTM offers seminars and daily market analysis, Islamic and segregated accounts, ECN pricing, scalping, and a low minimum deposit across a wide range of trading instruments.
FXTM (ForexTime) is a forex and CFD broker founded in 2011 and headquartered in Limassol, Cyprus, serving clients in more than 135 countries. It operates under CySEC, FCA, FSCA (South Africa), and FSC (Mauritius) regulation and offers six account types across forex, cryptocurrencies, metals, stocks, commodities, and indices.
Regulation and Fund Safety
FXTM runs through three regulated entities:
- ForexTime Ltd is regulated by CySEC and South Africa's FSCA, with an offshore subsidiary regulated by the FSC in Mauritius.
- ForexTime UK Ltd is regulated by the UK's Financial Conduct Authority (FCA), operating under EU MiFID and ICF standards.
Client funds are held separately from company funds in reputable EU banks, and FXTM is a member of the Investor Compensation Fund (ICF), which protects clients in the event of insolvency.
Leverage
FXTM offers fixed and floating leverage. Traders in jurisdictions outside the EU/UK can access up to 1:400, 1:500, or 1:2000 depending on the entity. Clients under ESMA rules (EU/UK) are capped at 1:30 on forex, 1:20 on metals and exotic pairs, and 1:5 on stocks.
Account Types
FXTM offers six account types across Standard and ECN account groups; availability depends on the legal entity used:
| Account | Min. deposit | Spreads | Notes |
|---|---|---|---|
| Standard | $100 | From 1.3 pips | Floating spread, leverage up to 1:2000 |
| Cent | $10 | From 1.5 pips | Cent lots, aimed at beginners |
| Stock CFDs | — | From 0.1 pips | Hedging supported |
| ECN Zero | $200 | From 1.5 pips | Commission-free, no requotes |
| ECN | — | From 0.1 pips | $2 commission per lot |
| FXTM Pro | $25,000 | From 0 pips | Interbank pricing, for professional traders |
FXTM charges a $5 inactivity fee after six months without account activity; deposits and withdrawals themselves carry no broker-side fee.
Bonuses
FXTM runs bonus promotions for international clients and those holding accounts with Exinity Limited, subject to current offer terms.
Trading Instruments
FXTM lists over 250 instruments:
- 50+ forex currency pairs
- CFDs on major cryptocurrencies (Bitcoin, Ethereum, Litecoin, Ripple)
- CFDs on spot metals
- CFDs on stocks from over 170 companies
- CFDs on commodities and indices
Trading conditions
FXTM runs Micro, Advantage and Advantage Plus accounts. Advantage is the raw-spread product, and its commission is tiered by monthly volume rather than fixed — a structure that rewards consistent size and is worth modelling against your actual turnover rather than reading off the headline rate.
The Micro account allows small position sizes and a low entry deposit, which makes the broker practical as a first live account.
Entity determines the terms: the CySEC and FCA entities apply 30:1 on major pairs with negative balance protection and Investor Compensation Fund cover up to €20,000 for eligible Cyprus clients; the offshore entity offers higher leverage without either.
Verification
Verification requires photo ID and proof of address, with an appropriateness assessment and economic profile questions on the regulated entities. Documents are usually reviewed within one business day.
FXTM invests heavily in education and market analysis, and the material is genuinely aimed at newer traders rather than at generating trade volume — worth using before funding rather than after.
