FXTM Review 2023

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FXTM is a top-rated forex and CFD broker. Offering 1000+ markets and three account types, they cater to all levels of trader.


  • Copy trading
  • Demo account
  • Low minimum deposit
  • MT4 & MT5 integration
  • Strong regulatory oversight
  • Best Trading Experience 2021 - World Finance Awards
  • Best Online Leveraged Trading Services 2021 - Global Business Awards
  • Best Forex Education Partner Nigeria 2021 - World Business Outlook
  • Best Trading Experience 2020 - World Finance Awards
  • Best ECN Broker 2020 - DayTrading.com
Bonus30% up to $100 via Exinity Ltd
InstrumentsForex, CFDs, indices, commodities, stocks
Demo AccountYes
Min. Deposit$50
Payment Methods
Min. Trade0.01 lots
Regulated ByCySEC, FCA, FSCA, FSC
MetaTrader 4Yes
MetaTrader 5Yes
Trading CentralNo
STP AccountYes
ECN AccountYes
DMA AccountNo
MAM AccountYes
PAMM AccountYes
LAMM AccountNo
Demat AccountNo
Mobile AppsiOS, Android & Windows
Margin TradingYes
Volatility IndexNo
Spot TradingYes
Perpetual SwapsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionYes
VPS HostingYes
Demo CompetitionsNo
Managed AccountsNo
Market MakerYes
Auto TradingYes, via FXTM Invest or EAs
Social TradingYes
Copy TradingYes
Trade SignalsYes
Islamic AccountYes
Account Currencies
  • USD
  • EUR
  • GBP
  • PLN
  • CZK
  • NGN
Inactivity Fee$5
Guaranteed Stop LossNo
Stock Exchanges
  • Australian Securities Exchange
  • CAC 40 Index France
  • DAX GER 40 Index
  • Deutsche Boerse
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • Japan Exchange Group
  • Nasdaq
  • National Stock Exchange Of India
  • S&P 500
  • Gold
  • Natural Gas
  • Oil
  • Silver
CFD TradingUse leveraged CFDs to speculate on the price of a wide range of popular financial markets.
CFD FTSE Spread1.3 pts
CFD GBPUSD Spread0.3 (var)
CFD Oil Spread9 pts (var)
CFD Stocks Spread0.1% Var
CFD Leverage1:30 EU, 1:200 Global
Forex TradingFXTM offer forex trading on a huge range of currency pairs. Spreads can be as low as 0.1 with the ECN account types.
Forex GBPUSD Spread0.3 (var)
Forex EURUSD Spread0.1 (var)
Forex EURGBP Spread0.2 (var)
Forex Assets50+
Risk Warning – Your capital is at risk

FXTM is a leading forex and CFD broker. This review details their services, including account types, copy trading app, demo profile, plus the MT4 & MT5 platforms. We also list any current bonus offers and key comparison data, such as minimum deposit and minimum trade amounts. Find out if you should sign up and login to FXTM today.

Company Details

ForexTime, also known as FXTM, was established in 2011. The mission of the broker is to bring all financial market opportunities in to the hands of retail investors, wherever they are in the world. Today, the brand has done just that, and FXTM is now a global leader in the online trading environment. It offers investing services across 180 countries, with a worldwide office presence spanning Asia, Europe, and Africa, with an impressive 4+ million registered clients.

The FXTM brand is authorized and regulated across several entities including; ForexTime Ltd, Exinity UK Limited and Exinity Limited. We provide more details on the firm’s regulatory status below, including CySEC and FCA licensing conditions.

The brokerage has been recognized with 25+ industry awards since it launched over a decade ago.

FXTM Platforms

FXTM offers two award-winning trading platforms; MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both terminals can be used as web-based profiles or downloaded to desktop devices (Windows and Mac compatible).

For many retail clients worldwide, these are the go-to platforms for trading, with an excellent reputation. And after using both platforms, we are confident they are suitable for new and experienced investors, with MT5 the better pick for seasoned traders.

Key features of both platforms include:

MetaTrader 4

FXTM MT4 Review
MetaTrader 4

MetaTrader 5

MT5 offers the following added benefits:

FXTM MT5 Ratings
MetaTrader 5

Making A Trade

  1. Register for a new account with FXTM using their online application form
  2. Once your account has been verified, make an initial deposit
  3. Open the MT4 or MT5 webtrader, or download the software to a desktop device
  4. Search for an asset using the in-built navigation bar or search through watch-lists
  5. Select the open order icon
  6. Add your trade parameters including execution mode, investment value, and risk management parameters such as stop-loss or take-profit
  7. Review the details of your order
  8. Select sell or buy and confirm the trade

Assets & Markets

FXTM offers 1000+ global instruments:

Note, asset access may vary based on the subsidiary you are trading with.

Spreads & Commission

FXTM trading fees will vary depending on account type and instrument. Commission fees are relatively low and competitive vs the industry average for CFD trading. Our experts are confident there is a pricing structure that will suit all trading styles.

Note, spreads are floating therefore may increase during times of high volatility.

FXTM also applies a $5 per month inactivity charge after six months of account dormancy. In addition, swap fees apply for trades held overnight.

Leverage Review

When we used FXTM, leverage rates varied by entity and instrument. Investors trading within the EU will be subject to ESMA margin capping restrictions. This means maximum leverage opportunities of 1:30 for forex pairs, such as EUR/USD, and 1:20 on minor pairs, including USD/CAD and EUR/AUD.

The maximum leverage available for global traders is 1:2000. This is significantly higher than most competitors, and although trading with leverage can increase profit prospects, it can also increase losses. Ensure you have appropriate risk management strategies in place.

Note that leverage is not automatically agreed. FXTM may offer a reduced leverage ratio based on individual experience, previous trading record, degree of customer loyalty and various other factors.

Mobile Apps

FXTM investors should feel confident that trading opportunities are not halted while on the move. MetaTrader 4 and MetaTrader 5 both offer mobile-compatible apps, available for free download to iOS and Android (APK) devices.

Users can manage accounts, open and close positions, check live global pricing and view charts while on the go. All the tools, features and functionality found on PC devices can be used within a sleek, intuitive yet portable design.

Additionally, the broker has introduced FXTM Trader – an investment app designed to modernize the trading experience. Similar to MT4 and MT5, this proprietary app is offered in both iOS and Android formats. When we used the bespoke FXTM app, we were impressed with its smooth design with small-screen compatibility including zoom and scroll features. Functions include:

FXTM Trader reviews
FXTM Trader App

Payment Methods


When trading with FXTM, you can deposit in USD, EUR and GBP, though global entities also accept PLN, CZK and NGN. The broker charges no deposit fees, but third-party charges may apply. Exchange rates may also apply if you are depositing in a currency other than your base currency.

Minimum deposit requirements vary by account type, the lowest being $50.

Global payment methods are detailed below:

Several other deposit methods are also accepted, including FasaPay, WebMoney, Yandex, Perfect Money and more. Simply select your chosen finance method via the deposit section in your profile interface. Note, account verification must be completed to process payments.


User reviews show withdrawals can be made via the same payment methods as deposits. All transfers are processed during standard business hours, Monday to Friday, although the time to receive funds back to the original account will vary.

Commissions apply for some payment methods:

Note, if you request to withdraw your funds following no trading activity, FXTM reserves the right to charge a 3% fee of the total withdrawal amount.

FXTM Demo Account

FXTM offers a high-grade demo account that enables individuals to hone their trading skills before investing their hard-earned cash. Forex is traditionally seen as a risky form of trading, so making sure that you have the correct skills before beginning to “trade for real” is important.

Our experts found you can access unlimited virtual funds with flexible leverage in a simulated environment. A simple online registration form is required. Demo accounts are also available on all account types and trading platforms.

Deals & Promotions

Occasional bonuses and promotions are available, though these are limited to the global subsidiaries only due to ESMA restrictions on financial incentives introduced in 2018.

Promotions include, among others, a 30% welcome bonus and access to the FXTM loyalty program with fee discounts and other perks for active investors.

Remember to check the terms and conditions of promotions and contests before getting started – challenging minimum thresholds and requirements may be set.

Regulation & Licensing

As outlined above, the FXTM brand is regulated and authorized by several global financial bodies:

Traders under all global entities benefit from negative balance protection and segregated client funds. It is also worth noting that CySEC and FCA are highly regarded authorities in the financial market, meaning FXTM has to demonstrate a high level of financial accountability and fair, transparent and honest trading.

Additionally, FXTM (ForexTime Limited) is a member of the Investor Compensation Scheme (ICF), whereby eligible retail clients are protected in the case of business insolvency.

Additional Features


One of the areas in which FXTM really stands out is the wealth of educational material that is available. Resources include webinars, tutorials, articles and a glossary of key terms. Content includes:

While using FXTM’s educational materials, we were pleased with the clarity and ease by which you can follow the content. The variety of formats also means that there is something suitable for everyone.

In addition, the customer support team is available to answer trading queries, provide platform help and give extra guidance.


FXTM also offers free trading tools. We were offered a free pip calculator and profit/margin calculator when we used FTXM, alongside expert market analysis.

Additionally, clients can make use of MT4 forex trading indicators such as the pivot point indicator, spread indicator and the real-time day bar info indicator. 

FXTM Tools
FXTM Pivot Point Trading Strategy

Copy Trading

Global FXTM clients can access the broker’s bespoke copy trading app; FXTM Invest. This is a modern yet user-friendly copy-trading program.

Auto copy trading is an effective method to diversify a portfolio, without the need for extensive market knowledge. Clients can follow and copy experienced Strategy Managers, analyzing pro investors via their performance statistics and attitude to risk before selecting.

When we tested the FXTM Invest platform, our experts were able to retain full control funds, with fees only applicable when a profitable trade was made.

Market Analysis

Once registered with the FXTM Group, customers can benefit from daily market analysis. The broker utilizes in-depth fundamental and technical analysis to highlight potential market opportunities from Canada, Indonesia, India, Malaysia, Nigeria and beyond. You can view this information via several sources including podcasts, illustrated economic calendars, Twitter posts and videos.

The daily commentaries are from the FXTM team of experts. Our review was particularly impressed with the content, and FXTM is frequently quoted on trading sites and in the media, recognized for providing high-caliber insights as partners.

FXTM Account Types

FXTM offer three account types available to day traders. All profiles offer access to fast execution speeds, a minimum order level of 0.01 lots and flexible leverage. Profiles can be tailored to suit individual requirements.


The most accessible account


The most popular account

Advantage Plus

For experienced investors

A halal swap-free, Islamic profile type is also available.

How To Sign Up

It is quick and easy to open a new account with FXTM.

To register, visit the ‘Open Account’ link on the top right of each web page. Complete the online application form. KYC and AML compliance is adhered to so you must upload identification documents plus a proof of address.



Trading Hours

The FXTM website is open 24/7/365. That said, not all markets are open all the time. This means that trading is limited to those hours when the markets under consideration are open. For example, the forex market in London is active from 3 AM to 12 noon; in New York it’s 9 AM to 5 PM; in Sydney it’s 5 PM to 2 AM, and the Tokyo market is open from 7 PM to 4 AM (all times GMT).

Customer Support

Our experts tested the customer support options offered by FXTM. We were able to contact the broker via phone, email, post or online chat (WhatsApp; live chat; Viber; Telegram; or Messenger). Additionally, a callback can be requested.

Response times were quick, with an initial response to a live chat query made via the website followed up within two minutes.

Safety & Security

When using FXTM, traders should be assured of the suite of IT security measures and customer protections. The website uses encryption software to ensure users’ privacy and security. FXTM traders are well-protected against theft of funds or data, though always be cautious when it comes to sharing personal information on the internet.

Additional security settings, such as two-factor authentication (2FA) and one-time passwords (OTPs), can be added to all FXTM platforms.

FXTM Verdict

An established trading platform and broker, FXTM offers several significant advantages over competitors. Crucially, the broker has regulatory oversight across all jurisdictions where it operates. This should provide customers with plenty of protection and demonstrates that the company is run in a transparent and accountable manner.

The website places a heavy emphasis on education and customer care – this is a brand that takes its responsibilities to its customers seriously. FXTM has a good range of trading platforms and accounts, so no matter what type of trader you are, there’s a package that is suitable for your needs. Also fees are, on average, in the low to medium range vs competitors.

Follow the sign-up link to open an account with FXTM today.

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.

Compare FXTM

Compare FXTM with similar brokers that accept traders from your location. Among available brokers these are the most similar to FXTM:

  1. ForexChief – ForexChief is a foreign exchange and CFD broker with offshore regulation and access to both MT4 and MT5 trading platforms.
  2. Kwakol Markets – Kwakol offers trading on the MT4 & MT5 platforms with high leverage & copy trading.
  3. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  4. World Forex – World Forex offers commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.

FXTM Comparison Table

Compare FXTM With Similar Brokers
FXTM ForexChief Kwakol Markets IG Group World Forex
Rating 4 3.3 2.4 4.4 4
Markets Forex, CFDs, indices, commodities, stocks CFDs, Forex, Metals, Commodities, Stocks, Indices CFDs, Stocks, Indices, Commodities, Forex, Cryptos Forex, ETFs, CFDs, indices, shares, commodities, cryptocurrencies, options, futures, spread betting Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $50 $10 $1 £250 $1
Minimum Trade 0.01 lots 0.01 lots 0.01 Lots 0.1 lots 0.01 Lots
Bonus 30% up to $100 via Exinity Ltd $100 No Deposit Bonus 100% Deposit Bonus
Education Yes No No Yes No
Platforms MT4, MT5, AutoChartist MT4, MT5 MT4, MT5, AutoChartist MT4, AutoChartist, TradingCentral MT4, MT5
Leverage 1:30 EU, 1:200 Global 1:1000 1:1000 1:30 1:1000
Payment Methods 19 12 4 6 10
Review FXTM
Kwakol Markets
IG Group
World Forex

Compare Trading Instruments

Compare the markets and instruments offered by FXTM and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare FXTM Trading Instruments
FXTM ForexChief Kwakol Markets IG Group World Forex
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil Yes Yes Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper No No Yes Yes No
Silver Yes Yes Yes Yes Yes
Corn No No No No No
Crypto No Yes Yes Yes Yes
Futures No No No Yes No
Options No No No Yes No
ETFs No No No Yes No
Bonds No No No Yes No
Warrants No No No Yes No
Spreadbetting No No No Yes No
Volatility Index No No No Yes No

FXTM vs Other Brokers

Compare FXTM with any other broker by selecting the other broker below.


The most popular FXTM comparisons:

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Is FXTM Regulated?

FXTM is regulated by various global financial bodies across all countries of operation. Authorities overseeing the group include the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) of South Africa. Our experts are confident that the broker offers adequate protection regardless of your country of residency. 

What Trading Instruments Does FXTM Offer?

Day traders can invest in 1000+ instruments including forex, commodities, indices, and stocks. Cryptocurrencies and currency indices are also available.

What Trading Platforms Does FXTM Offer?

FXTM offers retail clients the option of trading on the MetaTrader 4 and MetaTrader 5 terminals. Both can be used via all major web browsers, dowloaded to desktop or used on mobile devices. Alternatively, the broker has two proprietary platforms; FXTM Invest, a copy trading app, and FXTM Trader, an all-in-one investment app.

What Is The Minimum Deposit Requirement For An FXTM Trading Account?

FXTM minimum deposit requirements vary by account type. The lowest is $50 or equivalent currency.

Does FXTM Offer A Demo Account?

Yes, FXTM offers a demo trading account, a standard feature now offered by established brokers. Users can access unlimited virtual funds with flexible leverage in a simulated environment.

FXTM is a top-rated forex and CFD broker. Offering 1000+ markets and three account types, they cater to all levels of trader.