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.
Pros
- Copy trading
- Demo account
- Low minimum deposit
- MT4 & MT5 integration
- Strong regulatory oversight
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
- Nine timeframes
- Multilingual interface
- Fully customizable charts
- Four pending order types
- One-click order execution
- Three order execution types
- MQL4 programming language
- 30+ built-in technical indicators
- Direct access to Expert Advisors (EAs) for automated trading strategies

MetaTrader 5
MT5 offers the following added benefits:
- 44 graphical objects
- Community chat feature
- Integrated economic calendar
- 21 timeframes (vs 9 on MT4)
- Four order execution types (vs 3 on MT4)
- 38+ built in technical indicators (vs 30 on MT4)

Making A Trade
- Register for a new account with FXTM using their online application form
- Once your account has been verified, make an initial deposit
- Open the MT4 or MT5 webtrader, or download the software to a desktop device
- Search for an asset using the in-built navigation bar or search through watch-lists
- Select the open order icon
- Add your trade parameters including execution mode, investment value, and risk management parameters such as stop-loss or take-profit
- Review the details of your order
- Select sell or buy and confirm the trade
Assets & Markets
FXTM offers 1000+ global instruments:
- Indices – Speculate on 17 of the world’s largest stock indices including the FTSE100, S&P500 and AUS200
- Commodities – Trade CFDs on the global commodity markets including natural gas, crude oil, silver and gold
- Cryptocurrency – Establish cryptocurrency positions across 4 popular digital currency coins including Bitcoin and Ethereum
- Stocks – Trade CFDs on 300+ US and European company stocks including Banco Santander, Unilever, Apple and Facebook
- Forex – Trade 60+ major, minor and exotic currency pairs such as the GBP/USD, USD/EUR and EUR/JPY. Additionally, invest in 6 FX indices including the GBP Index, EUR Index and the USD Index – a collection of 6 different currency pairs measured against their base currency
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.
- Micro Account – No brokerage commissions. Spreads from 1.5 pips
- Advantage Account – Tight floating spreads from 0.0 pips. Average commission fees are between $0.40 to $2 per lot. Costs can be reduced depending on trading volume for MT4 platform users. MT5 account holders will incur a $4 fixed commission fee irrespective of market or trading volume
- Advantage Plus Account– No brokerage commissions. Spreads from 1.5 pips
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:
- One-click trading
- Live pricing updates
- Full account management
- Trade across multiple devices
- Open, close and modify positions in seconds
- Monitor your favourite instruments at a glance
- Advanced charting tools and access to popular indicators
- A trading dashboard with details on balance, margin, profit and more

Payment Methods
Deposits
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:
- Bank Wire Transfers – three to five day processing time
- E-Wallets (Neteller and Skrill) – two hour processing time
- Credit/debit cards (Visa, Mastercard and Maestro) – two hour processing time
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.
Withdrawals
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:
- E-Wallets (Neteller and Skrill) – two hour processing time – no fees
- Bank Wire Transfers – three to five day processing time – 10 EUR / 5 GBP
- Credit/debit cards (Visa, MasterCard and Maestro) – 2 EUR/ 3 USD/ 2 GBP fees
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:
- Forextime UK Limited – (www.forextime.com/uk) is authorized and regulated by the Financial Conduct Authority (FCA), firm reference number 777911
- Exinity Limited – (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number C113012295
- ForexTime Limited – (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 185/12, and is licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614
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
Education
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:
- Articles
- E-books
- Periodic table
- Forex glossary
- Educational videos
- Forex trading seminars
- Forex trading webinars
- Forex trading strategies
- Beginners guide to Forex trading
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.
Tools
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.

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.
Micro
The most accessible account
- Stop out 40%
- Margin call 60%
- Instant execution
- Zero commission fees
- Spreads from 1.5 pips
- Maximum 300 open orders
- $/€/£ 50 minimum deposit
- Restricted assets (FX and metals only)
- US Cent / EU Cent / GBP Pence currency
Advantage
The most popular account
- Stop out 50%
- Margin call 80%
- Market execution
- Access to all assets
- Spreads from 0.0 pips
- Unlimited open orders
- USD / EUR / GBP currency
- $/€/£ 500 minimum deposit
- Commission fees ranging between $0.40 to $2
Advantage Plus
For experienced investors
- Stop out 50%
- Margin call 80%
- Market execution
- Access to all assets
- Zero commission fees
- Spreads from 1.5 pips
- Unlimited open orders
- USD / EUR / GBP currency
- $/€/£ 500 minimum deposit
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.
Benefits
- ECN trading
- Demo account
- Globally regulated
- Copy trading available
- Transparent pricing model
- Negative balance protection
- Responsive customer support
- Proprietary mobile trading app
- Industry-established MT4 & MT5
- No concerns the broker is running scams
Drawbacks
- Inactivity charges
- There is no deposit bonus for all traders
- Withdrawal fees for some payment methods
- Fees for fund withdrawals if no trades are placed
- Micro Account users are not permitted to trade all assets
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:
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ForexChief – ForexChief is a foreign exchange and CFD broker with offshore regulation and access to both MT4 and MT5 trading platforms.
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Kwakol Markets – Kwakol offers trading on the MT4 & MT5 platforms with high leverage & copy trading.
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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.
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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
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 |
Regulators | CySEC, FCA, FSCA, FSC | VFSC | ASIC, FINTRAC | FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin | SVGFSA |
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 |
Visit | – | ||||
Review | FXTM Review |
ForexChief Review |
Kwakol Markets Review |
IG Group Review |
World Forex Review |
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.
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:
FAQ
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.