fxtm reviewFXTM, also known as “ForexTime” is a secure and widely known Forex and CFD broker that launched in 2011. FXTM was created with the idea of offering traders around the world the possibility of participating in the Forex market and becoming a profitable trader.

This broker has grown in a fast way, and for that reason, it has a defined corporate structure in its three bases of operations located in the U.K., Cyprus, and Mauritius.

The FXTM broker allows its users to trade Forex currencies, precious metals, crude oil, and natural gas. Moreover, some cryptocurrencies and CFDs can be traded on major American stocks and shares.


FXTM is a regulated Forex broker certified by several financial institutions around the world, such as the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). This broker is also licensed by the Financial Sector Conduct Authority (FSCA) of South Africa.

FXTM, as a Forex broker, proves to be a safe and trustworthy institution for its clients and traders. It is also a highly trusted broker because it counts with a strong set of regulations. Finally, FXTM is considered as an average-risk Forex and CFD broker.

Leverage Options

FXTM offers leverage from 1:1 up to 1:200. If the account is opened in the EU or the UK, certain legal regulations may apply, and it may be limited to a maximum of 30 to 1.

Trading Commissions and Fees

FXTM has really good and competitive trading commissions. The fees for Forex are low. The average round trip cost in the Standard Account is 2 pips in the EUR/USD pair. The Cent Account averages a bit higher at 2.2 pips.

Nonetheless, this falls to only 0.8 pips in one of the ECN accounts; which is a very competitive rate, considering the minimum deposit for this kind of account is only $500.

Deposit Conditions

FXTM has a minimum deposit of at least $10. The broker does not charge any additional fee on deposits, except for what the deposit mechanism may charge in some cases.

The broker offers a wide variety of options to deposit and withdraw funds. The most common channel in which transactions can be made are Neteller, Skrill, WebMoney, Visa, Mastercard, Vload, among others. FXTM also offers several local transfer options.

However, it is worth noting that FXTM charges a withdrawal fee in most cases. The fees range from $3, for withdrawal by credit card, to $20 for bank transfers.

Account Types

FXTM has different account types, in order to satisfy the needs of most of its customers, including the Islamic ones.

  • Standard Account: This account is available in USD, EUR, GBP, and NGN (only available for Nigerian clients), and it requires a minimum deposit of $100. Hedging is permitted. All commissions are clearly shown and none of them remain hidden. The spread starts at 1.3, but it could increase depending on the market condition. This account has a swap-free option. Available in MetaTrader 4 and MetaTrader 5.
  • Cent Account: This account requires a minimum deposit of $10. It comes with a swap-free option. It also offers instant execution and it has fixed leverage for any kind of instrument up to 1:1000. It operates with GBP Pence, USD Cents, Euro Cents, and NGN Kobo —for Nigerian clients only—. Only available for MetaTrader 4.
  • Stock CFDs Account: This account offers more than 140 US shares and more than 40 European shares; it has an extremely fast order of execution. It offers fixed leverage up to 1:10 for US shares, and 1:3 for European shares. Available in USD, EUR, GBP, and NGN. No commissions. Only available for MetaTrader 4.
  • Stocks Account: Offer the biggest US stocks by market capitalization. There are not regular commissions, neither hidden commissions. Free access to real-time pricing data and trading execution. Available in USD, EU, GBP, and NGN.
  • ECN Zero Account: No commissions or hidden commissions. Fixed spreads, depending on the market conditions. Hedging and Scalping are permitted. Fast and instantly market execution. It offers a swap-free account option. Leverage up to 1:2000. Now available in FXTM Invest, the native platform property of FXTM. Also available in MetaTrader 4 and Metatrader 5.
  • ECN Account: This account provides spreads from 0.1 and leverages up to 1:2000. Hedging and scalping are permitted. Low commissions from $4. The swap-free option is available. This account is also available in MetaTrader, MetaTrader 5, and FXTM Invest, the FXTM trading platform.
  • FXTM Pro Account: This account has spreads starting from 0 pips. No commissions or hidden commissions. Extremely fast market execution. Leverage up to 1:200. There is a swap-free option. Available in MetaTrader 4 and MetaTrader 5.

Customer Support

FXTM has excellent customer support in multiple available languages: Spanish, English, Arabic, Vietnamese, Hindi, French, German, Malaysian, Korean, Czech, Urdu, Farsi, Italian, Indonesian and Hindi.

Clients are provided with different ways to contact the FXTM team in case it is required:

  • Live chat
  • Phone
  • E-mail
  • Support tickets

Tools for Trading

FXTM broker provides MetaTrader 4 and MetaTrader 5 as the default trading software, which are free trading platforms developed by MetaQuotes Software Corporation that provide all the data information without charging additional fees.

The Metatrader 4 and Metatrader 5 are available in desktop, mobile, and web versions. Additionally, both platforms come in a standard version, but the difference between one broker to another is the fees and spreads, and some other services and functionalities.

FXTM also provides a copy trading program: FXTM invest, which counts with more than 750 different strategy managers. This service is only available for the ECN Zero accounts and through the MyFXTM portal.

Education and Informational Resources

FXTM educational resources are vast. This broker counts with eBooks, trading seminars and webinars, glossaries, beginner guides, educational videos, and articles, among many other resources. Seminars are held on average once per week, and webinars are conducted in Bengali, Vietnamese, and English.


  • It offers reasonable and competitive fees for most accounts.
  • Trustworthy and transparent broker.
  • Some account types do not charge for swaps.
  • The ECN account option offers a competitive rate for Forex traders.
  • Competitive levels of spreads and commissions for ECN accounts.
  • Highly secure and reliable.
  • It counts with excellent and multilingual customer support.
  • It offers plenty of educational resources.
  • It offers a unique trading tool.


  • Standard’s account fees are rather high or average when compared to others.
  • Does not have 24/7 customer support.
  • Range of assets somewhat limited.