FXTM Review

FXTM (also known as ForexTime) is an award-winning CFD and Forex broker established in 2011. It is regulated by top tier regulatory bodies across the world including the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Service Commission (FSC), International Financial Services Commission (IFSC) and Financial Sector Conduct Authority (FSCA).

FXTM is suitable for both beginner and professional traders due to its flexible service offering. Furthermore, it offers various tailored account types with slightly different trading conditions to meet the high demands of it clients. This makes it a great broker for different trading styles and strategies such as day trading, scalping, algorithmic trading etc.

Along with offering different optimised account types, traders can also enjoy a bunch of great trading service such as a user-friendly trading platform, secure deposit and withdrawal methods, negative balance protection, low forex trading fee, helpful educational resourcesand a great customer service.

FXTM Broker Details

BrokerFXTM
Established2011
HeadquatersIoannis Stylianou, 6, Floor 2, Flat 202 2003, Nicosia, Cyprus.
RegulationsFCA (United Kingdom), CySEC (Cyprus), FSC (Mauritius), IFSC (Belize) and FSCA (South Africa).
Publicly ListedNo
Broker TypeSTP, ECN, Market Maker
Product OfferingForex and CFD.
Trading PlatformsMetaTrader 4, MetaTrader 5 and WebTrader.
Asset ClassesForex, Indices, Metals, Commodities, Indices and Stock Baskets.
Minimum DepositStandard Account – $100
Cent Account – $10
Stocks CFD Account – $100
Stocks Account – $500
ECN Account – $500
ECN Zero Account – $200
Pro Account – $25,000
Account CurrenciesEUR, USD, GBP, NGN.
Maximum LeverageStandard Account – 1:2000
Cent Account – 1:1000
Stocks CFD Account – 1:10 for US Shares and 1:3 for European Shares.
Stocks Account – 1:1
ECN Account – 1:2000
ECN Zero Account – 1:2000
Pro Account – 1:200
Pricing ModelSpreads and Commissions.
Lot SizesMicro, Mini, Standard
Deposit &
Withdrawal Methods
Bank Wire Transfer, Credit/ Debit cards, Skrill and Neteller.
Demo AccountYes
Islamic AccountYes
ScalpingYes
HedgingYes
PROS
  • Strong regulatory framework.
  • Fast account registration process.
  • Dedicated and multi-lingual customer support, with fast response time.
  • Great eductional resourses.
  • Multiple tailored account types for different types of traders.
  • Wide variety of secure deposit and withdrawal methods.
  • A variety of secure payment methods.
  • Low forex trading fee.
  • No deposit fee.
  • Fast withdrawals and deposits.
  • Great customer support service.
  • Multi-lingual and friendly customer support.
  • Negative balance protection.
CONS
  • Does not accept clients from the United States.
  • Average CFD fees.
  • Withdrawal fee on most payment methods.