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FXTM Review 2025

Cyprus

Established: 2011
Score: 4
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Regulated

Leverage: Up to 1:2000

Deposit: From 200 USD

Spread: Low

Regulation: CySEC (Cyprus), FCA (UK), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)

Leverage: Up to 1:2000

Deposit: From 200 USD

Spread: Low

Regulation: CySEC (Cyprus), FCA (UK), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)

Broker type: ECN

Offices: Cyprus (Headquarters), United Kingdom, South Africa, Mauritius, Kenya

Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), FXTM Trader (Proprietary mobile app)

Instruments: 60 Forex pairs, 8 Commodities, 21 Index CFDs, 802 Equity CFDs, 639 US-listed stocks

Payment Methods:

General Overview

ForexTime, often called FXTM, operates as a globally acknowledged online brokerage enterprise. It was established with the mission of providing traders worldwide with outstanding trading conditions, advanced technological features, and comprehensive educational resources. Over time, FXTM has emerged as a reputable presence in the trading sphere, offering an array of services that cater to individuals at varying levels of experience—spanning newcomers through accomplished participants. This broker focuses on Forex alongside CFDs (Contracts for Difference) and has expanded its set of tradable financial instruments to incorporate equities, indices, commodities, precious metals, and cryptocurrencies, among additional offerings.

One notable aspect that sets FXTM apart from various competitors is its commitment to innovation. The company consistently updates its trading platforms and tools to keep pace with modern market needs, allowing clients to benefit from state-of-the-art technology. Traders at FXTM obtain access to a range of account types, each configured for distinct financial goals, trading methodologies, and expertise. Whether someone is honing methods on a cent account or managing substantial positions on an ECN or pro account, FXTM endeavors to establish a trustworthy and open trading ecosystem.

In addition, FXTM places a priority on customer support by delivering multilingual channels of communication, ensuring inquiries are resolved swiftly. Coupled with these efforts, FXTM underscores the value of educational tools for traders, offering written manuals, video tutorials, web-hosted webinars, and face-to-face seminars that help traders develop a robust understanding of financial markets and trading strategies.

For those newly acquainted with FXTM and interested in trying out the system in a no-risk setting, consider beginning with a demo account. If you feel ready to move into real trading, comprehensive instructions on opening an account are provided, detailing the sign-up process, identity checks, and additional necessary compliance measures.

Below is a succinct table illustrating some essential characteristics of FXTM as a brokerage firm:

Feature Description
Founded 2011
Headquarters Cyprus
Regulatory Bodies CySEC (Cyprus), FCA (UK), FSC (Mauritius), FSCA (South Africa)
Tradable Instruments Forex, CFDs on indices, commodities, precious metals, stocks, and cryptocurrencies
Trading Platforms MetaTrader 4, MetaTrader 5, FXTM WebTrader, Mobile App
Customer Support 24/5 via live chat, phone, and email

As a result of these varied offerings, FXTM has cemented its status as a trusted broker within the global financial marketplace, progressively enlarging its clientele and extending its service range to accommodate an array of trading requirements.

Pros

  • High leverage options (up to 1:2000)
  • Multiple regulatory licenses
  • Competitive pricing on commission-based accounts
  • Variety of payment methods and local banking solutions
  • Advanced MetaTrader upgrades and proprietary FXTM Trader app

Cons

  • Spreads are higher on commission-free accounts
  • Inactivity fee after six months
  • Withdrawal fees for some methods

Trust and Safety

Regulations: CySEC (Cyprus), FCA (UK), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)

In addition to observing multiple regulatory standards, FXTM also offers negative balance protection to the majority of its users, guaranteeing that client losses do not exceed the balance in their trading accounts. This measure is particularly vital during periods of significant market volatility, stopping traders from accumulating liabilities surpassing their initial deposits. The firm’s pledge to transparency is demonstrated by frequent communication with clients through risk advisories and modifications to trading parameters, helping traders make well-informed choices regarding positions. By combining proactive outreach with layered security protocols, FXTM sustains strong trust in its brand and continually places client priorities at the forefront of its undertakings.

Is FXTM Regulated?

FXTM operates under an assortment of regulatory licenses across various jurisdictions, reinforcing its dedication to functioning within stringent regulatory boundaries. The entity is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license 185/12, enabling it to provide investment solutions throughout the European Economic Area (EEA). In the UK, the Financial Conduct Authority (FCA) supervises FXTM, maintaining rigorous standards for transparency, honesty, and client asset protection. FXTM further holds regulation from the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Commission (FSC) in Mauritius, underlining the broker’s commitment to following best practices and preserving client assurance.

Is FXTM safe?

Security is a top concern for all traders, and FXTM has enacted numerous safeguards to create a protected trading ecosystem. By strictly separating client funds from the company’s operational accounts, FXTM ensures that, in any financial difficulty, customers’ capital remains secured. The broker also complies with extensive regulatory requirements, encompassing periodic financial checks and audits. In addition, FXTM uses robust data encryption and secure transaction systems to shield personal and financial details. Taken together, these strategies position FXTM as a dependable option for traders who prioritize safety and reliability.

Trading Platforms

MetaTrader 4 (MT4) | MetaTrader 5 (MT5) | FXTM Trader (Proprietary mobile app)

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Each FXTM platform stands out by integrating market data and analysis in real time, facilitating swift decision-making. These solutions accommodate multiple methods, from scalping to swing trading or automated options. Users interested in algorithmic strategies will find that MT4 and MT5 both naturally support Expert Advisors (EAs), which can be tested retroactively to confirm effectiveness. Moreover, FXTM routinely refreshes its web and mobile apps, delivering new functionalities, frequent security enhancements, and sophisticated charting, aiming to elevate usability on all devices.

MetaTrader 4

MetaTrader 4 (MT4) remains widely lauded as a premier forex interface, praised for an intuitive interface, comprehensive set of analytical instruments, and the capacity to run algorithmic trading via EAs. FXTM’s version of MT4 presents advanced charting on multiple timeframes, a wide assortment of technical indicators, and ample customization options to adapt to traders’ personal approaches.

MetaTrader 5

MetaTrader 5 (MT5), serving as the evolution of MT4, supports extra chart intervals, expanded technical studies, plus features like a built-in economic schedule. MT5 further manages a larger variety of asset classes, rendering it fitting for clients looking to trade stocks, forex pairs, and other instruments within one program. Individuals employing FXTM’s MT5 platform also gain the benefits of faster transaction speeds and partial fill policies.

FXTM WebTrader

Traders inclined toward browser-based setups can turn to FXTM WebTrader, which enables account access with no installations or downloads. This web tool seamlessly adapts across diverse devices, maintaining robust charting capacities, real-time price feeds, and order management mechanics directly within a browser.

Mobile Trading App

Contemporary traders often require nonstop access to the markets, a demand met by FXTM’s apps on iOS and Android. These apps furnish real-time alerts, chart inspection, and order placement wherever an online connection is present. This level of flexibility helps ensure that individuals do not lose out on lucrative trade setups prompted by swift market fluctuations.

Tradable Instruments

Instruments: 60 Forex pairs, 8 Commodities, 21 Index CFDs, 802 Equity CFDs, 639 US-listed stocks

By presenting a wide span of tradable assets, FXTM attracts traders eager to construct diversified portfolios and harness correlations spanning numerous sectors of the financial arena. As a case in point, a foreign exchange trader may counterbalance a potential commodity price fluctuation by placing positions in gold or oil, while a stock CFD investor might moderate overall market exposure by also trading index CFDs. This adaptability suits both short- and long-range strategies. Furthermore, FXTM provides education that explains each product’s unique qualities and associated market dynamics, empowering traders to broaden their knowledge base.

Forex Currency Pairs

FXTM maintains an extensive roster exceeding 50 currency pairs, covering majors, minors, and exotic groupings. This diversity empowers traders to diversify their Forex holdings and investigate prospects in less liquid pairs. Favored choices involve EUR/USD, GBP/USD, and USD/JPY, as well as crosses like EUR/GBP and AUD/NZD.

Spot Metals

Gold and silver hold consistent appeal among market participants who desire diversification or safe-haven assets. FXTM offers these metals in the form of CFDs, enabling adaptable leverage and the ability to adopt either long or short positions, depending on evolving market conditions.

Equity and Commodity CFDs

Market players drawn to equities and significant commodities can access an array of CFD contracts through FXTM. This setup facilitates speculation on the valuation shifts of well-known companies—such as tech giants and leading global retailers—without physically holding any underlying stock. Concurrently, commodity CFDs present avenues for profiting from or hedging movements in oil, agricultural produce, and other vital raw materials.

Cryptocurrencies

Given the rising popularity of digital currencies, FXTM allows trading in leading cryptos such as Bitcoin, Ethereum, and Litecoin via CFDs. This approach lets traders capitalize on swift crypto price swings while sidestepping the operational complexities of dedicated crypto wallets. Operating under regulation adds a layer of reassurance for participants venturing into this inherently volatile domain.

Indices

Indices offer a broad measure of how a collective of stocks performs, whether for a distinct category or an entire exchange. FXTM provides access to a variety of indices from major global markets, such as the S&P 500, NASDAQ 100, FTSE 100, and DAX 30. Trading index CFDs enables market participants to form views on overall market movements instead of individual company shares.

Account Types

intermediate participants seeking average spreads and no added charges might lean toward the Standard Account. Conversely, experienced operators who require prime liquidity and narrower spreads may consider ECN or Pro accounts. FXTM offers specialized support and guidance to help new clients match the account structure to their trading objectives and risk tolerance.

 

Standard Account

The Standard Account targets those preferring an uncomplicated trading framework, delivering favorable spreads without commission on Forex or select CFDs. Its minimum deposit requirement is generally considered accessible, allowing a broad spectrum of traders to start. Standard account holders can enjoy swift order executions and a user-friendly platform interface.

Cent Account

New traders or those with a more cautious outlook might favor the Cent Account, which shows account balances as cents, enabling experimentation with minimal investment. Though spreads in this category can be wider than in higher-level accounts, it offers an easier introduction to authentic market conditions minus the stress of large-scale funding.

ECN Account

The ECN Account caters to knowledgeable traders, showcasing exceptionally tight spreads that can start around 0.1 pips on key currency pairs, though each trade entails a modest commission. This model appeals to scalpers and high-frequency participants who value direct market access and accurate order execution, especially in times of fluctuating market activity.

FXTM Pro Account

Developed for professionals and institutions handling substantial trade volumes, the FXTM Pro Account delivers raw spreads beginning at 0.0 pips. Pro-tier clients are afforded premier liquidity, ultra-fast execution, and prime conditions to facilitate large-scale orders. While it mandates a steeper deposit level than other accounts, it best suits those needing exacting precision in rapidly shifting markets.

FXTM Leverage

FXTM can provide leverage as high as 1:2000, depending on both the account classification and relevant jurisdictional rules. Though higher leverage allows traders to pursue larger gains with comparatively modest capital, it equally intensifies the potential risk. Consequently, traders are advised to handle such leverage responsibly by employing measures like stop-loss execution and judicious position sizing to safeguard their positions.

Deposits and Withdrawals

Across multiple regions, FXTM’s flexible framework for deposits and withdrawals is structured to integrate smoothly with local banking networks, frequently trimming transaction charges and shortening processing durations. This localized approach also involves region-specific payment solutions and partnerships with regional financial institutions. Furthermore, FXTM continually evaluates novel payment technologies, incorporating updated e-wallet providers and fintech services to deliver a forward-thinking environment for its clientele. As a result, traders can enjoy heightened convenience, minimized fees, and faster account funding or withdrawal of earnings.

FXTM Deposit Options and Fees

FXTM provides multiple deposit routes for its international clientele, encompassing bank transfers, payment cards, and e-wallet options such as Skrill or Neteller. The minimum deposit varies by account type; for example, a cent account may begin at just 10 USD, whereas an advanced tier might mandate a more substantial starting amount.

FXTM generally does not levy additional fees on deposits; however, external conversion or processing fees may be applied by one’s bank or payment service. It is advisable to consult FXTM’s official resources and confirm any specifics with the selected payment institution to avoid unexpected expenses.

FXTM Withdrawals Options and Fees

FXTM’s withdrawal procedures generally follow the same avenues provided for deposits, including credit or debit cards, bank transfers, and various e-wallets. The duration of completion changes according to the chosen method; e-wallet payouts may show up in a few hours, whereas card-based or wire transfers can take multiple working days.

Some withdrawals methods could incur small operational charges, particularly in the case of bank wire transfers, where the receiving financial institution might apply a set fee. FXTM furnishes detailed information on withdrawal fees and expected processing times for each option, aiding traders in managing their finances and scheduling payouts effectively.

Visa

Mastercard

Skrill

Fees and Commissions

One feature that numerous FXTM clients applaud is the broker’s transparent approach to its fee structure. By clearly outlining all spreads, commissions, and non-trading fees, FXTM equips traders with precise information to estimate potential costs before applying their tactics. For those engaging in scalping or high-volume transactions, even slight variations in spreads or commissions can significantly impact net gains; hence, the transparency is especially valued. Additionally, FXTM occasionally provides time-limited promotions or reduced fees, decreasing trading-related expenditures for specific financial instruments or account categories. Prospective users should watch out for these deals to take advantage of FXTM’s competitive pricing environment.

FXTM Trading Fees

At FXTM, trading fees are determined by both the account type selected and the asset in question, with spreads, commissions, or a mixture of both typically applying. Standard and cent accounts mostly derive revenue through spreads alone, meaning that traders avoid per-lot commissions. Conversely, ECN-based accounts often present tighter spreads but may carry a small commission per transaction. This adaptable pricing arrangement lets traders choose an approach that fits their style, whether they prioritize narrower spreads, lower initial capital, or transparent fee structures.

The overarching perspective at FXTM is to sustain a balance of efficiency and openness regarding trading fees. The broker carefully displays all charges on its website, such as swap fees tied to positions held overnight, enabling traders to anticipate their expenditures and adjust their risk management accordingly.

FXTM Spreads

Spreads at FXTM often measure up well against standard industry levels, especially for prominent forex pairs including EUR/USD, GBP/USD, and USD/JPY. The exact spread a trader encounters relies on the account type and ongoing market dynamics. Representative spreads can be illustrated as:

  • Standard Account: Beginning at 1.3 pips for key currency pairs
  • ECN Account: From 0.1 pips, plus a per-lot commission
  • FXTM Pro Account: Raw spreads kicking off at 0.0 pips, optimized for high-volume traders

Traders seeking the narrowest possible spreads might prefer the ECN or Pro offerings, while those aiming to avoid direct commissions may be drawn to a standard account. Either way, FXTM maintains clarity by showing spreads prominently within the trading platforms.

FXTM Non-Trading Fees

Non-trading fees denote charges unrelated to opening or finalizing trades, encompassing deposit and withdrawals fees, inactivity fees, or account upkeep fees. Generally, FXTM does not apply a monthly maintenance charge, although it may impose inactivity fees if an account has no trading activity or open positions for an extended period, typically around six months.

Additionally, traders should stay alert to any potential currency conversion fees when deposit or withdrawal currency differs from the account’s base currency. Reviewing FXTM’s detailed fee breakdown and contacting customer support can help clarify these supplementary fees and ensure they are factored into overall trading strategies.

Bonuses and Promotions

FXTM’s promotional efforts commonly align with broader initiatives designed to both reward loyal clients and bring in new users. In certain cases, individuals may merge promotions—like a welcome bonus plus a cashback program—to amplify gains. Each bonus, however, is accompanied by particular rules surrounding trading volumes and any constraints on withdrawals, underscoring the importance of meticulous planning. If guidance about bonus conditions is needed, FXTM’s support team is on hand to clarify the interplay between bonus funds, actual balances, and margin requirements. Such transparent policies illustrate FXTM’s dedication to maintaining an equitable and inclusive promotional ecosystem.

Welcome Bonus

From time to time, FXTM introduces a welcome bonus to newly enrolled clients who fund a live trading account initially. This bonus may appear as a deposit match or trading credit. However, every promotion carries unique conditions, incorporating minimum deposit levels or certain withdrawal limitations. Therefore, would-be users need to carefully read the terms to ensure full understanding of how the bonus functions.

Refer-a-Friend Program

In the Refer-a-Friend arrangement, existing FXTM customers are encouraged to recommend the broker within their network. The referrer and the newly introduced individual may each earn a monetary bonus or trading credit, dependent on the size of that initial deposit and adherence to set eligibility criteria. This endeavor fortifies community ties while expanding FXTM’s overall reach.

Loyalty Cashback Promotion

Taking part in the Loyalty Cashback promotion enables consistent FXTM clients to gather recurring cashback amounts, based on their aggregate trading volumes or by satisfying certain milestones. These refunds can trim trading costs and potentially increase traders’ overall profitability. As usual, it remains crucial to review the specified terms regarding deadlines, prerequisites, or constraints on withdrawing bonus funds.

Education

Enhancing traders’ acumen is a foundational aspect of FXTM’s objectives. This broker supplies an extensive variety of educational materials, covering:

  • Online Webinars: Interactive broadcasts exploring topics such as platform operation, detailed market analysis, and trading strategies.
  • Video Tutorials: Step-by-step recordings about MT4, MT5, risk management, technical indicators, and more.
  • eBooks and Articles: Thoroughly written resources catering to beginner and seasoned traders alike.
  • Local Seminars and Workshops: In particular regions, FXTM arranges in-person events for hands-on instruction and networking.

By delivering these comprehensive learning opportunities, FXTM helps inexperienced and proficient market participants alike develop a solid foundation, aiming to elevate their likelihood of sustained, long-term profitability in trading.

Allowed Countries

FXTM serves traders in numerous regions around the globe, spanning much of Europe, Asia, Africa, and Latin America. However, local regulations prohibit it from onboarding clients in certain places—including the United States, Canada, or Japan—where rules limit foreign brokerage operations. New registrants must complete a detailed KYC protocol, confirming their identity and address to remain in compliance. Prospective users uncertain about eligibility can consult FXTM’s website or reach out to customer support for precise location-based guidance.

Excluded Countries

United States

Mauritius

Japan

Canada

Iran

North Korea

Iraq

Cyprus

Syrian Arab Republic

Cuba

Myanmar

Customer Support

FXTM prides itself on offering dependable client assistance via numerous methods, such as live chat, email, and telephone. With a multilingual team adept in top languages including Arabic, Chinese, English, and Spanish, FXTM can effectively support a broad international base. Quick handling of issues—whether operational, technical, or account-oriented—stands as a vital element of the broker’s mission. Additionally, the broker’s website hosts a comprehensive Help Center packed with frequently asked questions and specialized instructions.

Broker Name: FXTM

Broker Type: ECN

Country: Cyprus

Operating since year: 2011

Regulations: CySEC (Cyprus), FCA (UK), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)

Phone: +357 25 558777 (Cyprus Office)

Email: [email protected]

Address: ForexTime Ltd FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156 Limassol, Cyprus

Broker status: Active

FAQs

Yes, FXTM has no restrictions on scalping and provides ideal trading conditions for scalpers, making it a suitable choice for high-frequency trading strategies.

FXTM’s headquarters is located in Cyprus.

FXTM does not charge internal fees for withdrawals, but traders may incur third-party payment processor costs depending on the withdrawal method used.

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