FXTM Review

FXTM is an award-winning broker with over 250+ trading instruments and strict regulation in multiple jurisdictions. They provide very competitive trading conditions and user-friendly trading platforms for web, desktop and mobile devices. FXTM also have a range of educational materials and trading tools with flexible account types and convenient payment options to suit every trader.

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FXTM Review, Pros & Cons
  • Regulated brokerage firm
  • 250+ trading instruments
  • Various quick & easy account funding methods
  • Multiple account types to choose from
  • Tight spreads & rapid trade execution speeds
  • Commission free accounts
  • Minimum $10 deposit
  • Advanced trading tools
  • Large selection of educational materials
  • Multilingual customer support 24/5
  • Inactivity fee
  • No US clients

In this detailed FXTM review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

FXTM Overview

FXTM provides traders across the world access to trade the markets with over 250 instruments to choose from. They have tight spreads, good execution speeds and advanced trading tools whilst providing clients with additional risk protection and security through strict regulation.

FXTM Features

FXTM Features

FXTM (Forex Time) launched in 2011 with the goal of providing retail traders with industry leading trading conditions alongside an abundance of educational material and trading tools. Since then, they have grown into one of the global leading trading brokers with over 1 million registered accounts, continuing to focus on improving their products and services to keep up to date with the latest trading technologies, whilst partnering with talented and experienced teams from around the world.

FXTM offer multiple account types and flexible leverage to suit all different types of trader. Spreads are tight from just 0.1 pips with deep interbank liquidity for fast trade execution speeds and No Dealing Desk (NDD) technology to avoid a conflict of interest.

FXTM Benefits

FXTM Benefits

As per the name, the company values time as the most precious commodity above all. With every decision that they make, they put great emphasis on efficiency for their clients, operating with clarity, simplicity and transparency. Clients needs come first, with helpful, skilled and multi-lingual support, always on hand to assist you.

FXTM aim to empower traders to increase their trading knowledge so that they can get the best value from their investment. If you are a retail or corporate client, they can tailor a solution suited to your needs with trading platforms using the most up to date technology and some of the most competitive trading conditions.

FXTM Tools

FXTM Tools

FXTM have an ever-growing collection of tutorials and articles for both beginner and experienced traders with online webinars and local seminars offered to clients. This emphasises a commitment to helping traders improve their skills through education. They provide daily in-depth market analysis to help you keep up to date with the latest market news. You also get your own account manager who is on hand to assist and offer personalised support.

FXTM Trust Pilot

FXTM Trust Pilot

FXTM has an impressive trust pilot rating with hundreds of reviews leaving positive feedback for their trading services. They have won multiple awards including Best Investment Broker 2019 (FX Daily Info), Best Trading Experience 2019 (World Finance Awards), Most Innovative Broker 2018 (FX Empire), Best Trading Conditions 2018 (World Finance), Best Customer Service Global 2017 (World Finance) and Best FX Broker Asia 2017 (World Finance). The multiple awards won are a testament to the hard work and dedication that FXTM apply in every part of their business.

FXTM Awards

FXTM Awards


#1 Best Trading Broker Award 2021

AvaTrade is an award-winning trading broker that is regulated in 6 jurisdictions offering 1250+ instruments across multiple markets & trading platforms for web, desktop & mobile devices. They have low fees, tight spreads & rapid trade execution speeds.

Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXTM Regulation

FXTM takes regulation and transparency very seriously with internationally-recognised licences held by the brand. Regulations are in place to ensure that FXTM operate with the upmost fairness and integrity whilst they must comply to strict regulatory rules. Strict regulation in multiple jurisdictions can help to give clients peace of mind that they are using a trusted and transparent broker.

Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with firm reference number 777911, to offer regulated products and services, such as accepting deposits, and making arrangements with a view to transactions in investments such as Commodity Futures, Contract for Differences, Futures, Options and Rolling spot forex contracts.

ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 185/12, and licensed by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP No. 46614.

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.

In addition to multiple regulators, FXTM are also governed by the Markets in Financial Instruments Directive (MiFID) which was implemented for all EU members to share a common, robust regulatory framework that protects investors. As per MiFID II legislative framework, they publish on their website quarterly information on execution quality of transactions and annual information on the identity of execution venues and on the quality of execution obtained.

Client funds are held in segregated accounts with prominent banks so that they cannot be used for any other purpose within the company. Eligible clients may be entitled to protection of funds under the Financial Services Compensation Scheme (FSCS).

FXTM Countries

FXTM provides broker services to most countries although they do not provide services to residents of the USA, Mauritius, Japan, Alberta, British Columbia, Canada, Quebec, Saskatchewan, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, the Occupied Area of Cyprus.

Some FXTM broker features and products mentioned within this FXTM review may not be available to traders from specific countries due to legal restrictions.

FXTM Platforms

FXTM offer the industry leading trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for trading on your desktop (Windows / Mac), web or mobile devices (iPhone / iPad / Android / Tablet). This is useful if you need to trade on the go from multiple locations.

FXTM MetaTrader Trading Platforms

FXTM MetaTrader Trading Platforms

MetaTrader

MetaTrader offers user friendly features and cutting-edge trading technology, with access to all FXTM’s major trading instruments, multi-currency/language support, technical indicators and templates for chart analysis, automated trading using expert advisors (EA’s), a large community of traders to share ideas with and more.

FXTM MetaTrader 4 (MT4) & MetaTrader 5 (MT5)

FXTM MetaTrader 4 (MT4) & MetaTrader 5 (MT5)

Whilst MT4 should be sufficient enough for most traders, MT5 offers more order types, technical indicators, graphical objects, timeframes and includes a built-in economic calendar to stay up to date with the latest market news releases.

FXTM Trader App

In addition to MetaTrader, FXTM also have their own in house FXTM Trader App, available for download on both Android and iOS. The FXTM Trader App allows you to keep the markets at your fingertips with over 250+ instruments to trade. It comes equipped with numerous features for superior mobile trading including cross-platform trading, order placing and managing, one click trading, trader’s dashboard, real time updates with live quotes and charting tools.

FXTM Trader App

FXTM Trader App

FXTM Trading Tools

FXTM have a selection of free trading tools that can be used to keep up to date with the markets, for risk management, to assist with technical / fundamental analysis and to help identify potential trading opportunities.

Daily Market Analysis

Daily Market Analysis is FXTM’s very own news portal that offers detailed market analysis and insights to keep you in the loop with the latest market happenings. They analyse price movements based and technical and fundamental analysis across a range of global markets. The Market Analysis team are regularly quoted in major international publications, including BBC, CNN, CNBC, Bloomberg, The Wall Street Journal, Financial Times, Reuters and Forbes.

FXTM Market Analysis

FXTM Market Analysis

FXTM Trading Signals

FXTM Trading Signals are available in MyFXTM via a technical analysis tool that provides data and assessments of market movements across a range of trading instruments.

FXTM Trading Signals

FXTM Trading Signals

FXTM Pivot Point Strategy

FXTM’s Pivot Points Strategy uses three popular technical indicators combined with your own choice of five pivot point calculations to assist with your trading and help determine the market sentiment.

FXTM Pivot Point Strategy

FXTM Pivot Point Strategy

Economic Calendar

The FXTM Economic Calendar allows you to keep up to date with economic news releases, delivered in real time and with an impact rating.

FXTM Economic Calendar

FXTM Economic Calendar

Forex News Timeline

With the Forex News Timeline you can receive live market news straight into your trading platform or via the FXTM website.

FXTM Forex News Timeline

FXTM Forex News Timeline

Currency Converter

FXTM provide a free Currency Convertor tool for you to be able to calculate the foreign exchange rates of major FX currency pairs.

FXTM Currency Converter

FXTM Currency Converter

Margin Calculator

The FXTM Margin Calculator can be used to calculate risk to help with risk management.

FXTM Margin Calculator

FXTM Margin Calculator

Pip Calculator

The FXTM Pip Calculator is a tool for estimating the potential profits or losses before trading a selected FX currency pair.

FXTM Pip Calculator

FXTM Pip Calculator

Profit Calculator

The Profit Calculator tool lets you quickly and easily determine a positions profit or loss at different market prices.

FXTM Profit Calculator

FXTM Profit Calculator

FXTM Education

FXTM is committed to educating traders, with a thorough and extensive educational centre that includes free eBooks, videos and webinars. They cover a wide range of topics for all levels of traders including trading strategies, trading tools, technical analysis and more.

Articles and Tutorials

FXTM have created a collection of educational articles and tutorials to help expand your trading knowledge and confidence. Written by their in-house experts, they go into great detail and cover a wide range of topics suitable for both beginner and advanced traders.

FXTM Articles & Tutorials

FXTM Articles & Tutorials

Educational Videos

FXTM offer bite-sized and accessible short educational trading videos to help you learn more about trading and the different concepts involved.

FXTM Educational Videos

FXTM Educational Videos

Webinars

Another way FXTM have committed to improve the trading experience is by providing traders with educational webinars that are freely available to all clients and available in multiple different languages.

FXTM Webinars

FXTM Webinars

Glossary

With so many different definitions for traders to learn, FXTM have compiled a vast glossary of terms and definitions that is freely available on their website.

FXTM Glossary

FXTM Glossary

FXTM Instruments

FXTM offer a wide range of over 250+ trading instruments including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies and CFDs. There are over 60+ minor, major and exotic currency pairs, 180+ share CFDs and major Cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple.

FXTM Live Quotes

FXTM Live Quotes

Currency Trading

You can trade major, minor and exotic currency pairs to take advantage of a currency’s increasing or decreasing value. FXTM provides forex traders with award winning trading services, strict regulation, deep liquidity for fast trade execution, flexible accounts/leverage, tight spreads and low minimum deposit requirements.

FXTM Currency Trading

FXTM Currency Trading

CFD Trading on Commodities

FXTM give traders access to find new opportunities in the global commodities markets by trading CFDs online with low margin requirements. This is a flexible and convenient way to access the commodities markets rather than purchasing the product outright and to diversify your portfolio. Traders look to take advantage of the fluctuating prices of oil and other energy products.

FXTM CFD Trading on Commodities

FXTM CFD Trading on Commodities

CFD Trading on Indices

You can trade CFDs on Indices with FXTM and choose from some of the most prominent and active securities in the US, Europe, Australia and Asia. Traders can buy a selection of stocks to suit the needs of their trading strategy including GDAX (Dax 30), AUS200 (Australia 200), ND100m (US Tech 100 – Mini), UK100 (UK100) and SP500m (US SPX 500 – Mini).

FXTM CFD Trading on Indices

FXTM CFD Trading on Indices

Spot Metals Trading

You can trade metals online with FXTM including Gold and Silver. Precious metals are popular trading instruments that have been traded throughout history and can help to diversify an investment portfolio.

FXTM Spot Metals Trading

FXTM Spot Metals Trading

CFD Trading on Shares

Through FXTM you can trade share CFDs with access to some of the larger companies on the stock market such as Apple and Amazon. They provide traders with access to direct liquidity pricing and live data from NYSE & NASDAQ. FXTM offers its clients over 250+ US and European major company shares. Choose from shares of 164 leading US companies and 103 prominent European companies.

FXTM CFD Trading on Shares

FXTM CFD Trading on Shares

FXTM Accounts & Fees

FXTM have a selection of trading accounts to suit individual trader requirements with flexible leverage, powerful trading platforms across multiple devices, competitive trading conditions and minimum deposits from just $10. FXTM is an Islamic friendly broker with swap free accounts also offered.

There are 3 standard account types and 3 Electronic Communication Network (ECN) account types. MT4 is available on all accounts whilst you will need an ECN account if you wish to use MT5. Demo accounts are also available if you wish to trial FXTM before opening a real account and depositing funds.

Leverage is offered based on your knowledge and experience. The Leverage / Margin requirements may be subject to change as a result of applicable regulations in your country of residence. The highest leverage applicable to retail clients is 1/30 and the highest leverage Forextime offer to clients is 1/300. ESMA have introduced under the product and intervention options that the highest leverage would be up to 1/30 for retail and up to 1/400 for professional clients.

Standard Account

The FXTM standard account offers a wide range of features and benefits to all levels of traders. The minimum deposit requirement is $100 with a 30-lot maximum volume per trade. There is no commission charged on this account although the floating spreads start from 1.3 pips as they are marked up to cover costs.

Cent Account

The cent account requires a minimum deposit of just $10. On this account type your balance will appear in cents. This account can be used as a way to test the standard account conditions FXTM offer, with a lower initial deposit. The maximum volume per trade is 1 lot whereas there is again no commission charged but the spreads are floating from 1.5 pips.

Shares Account

The FXTM share account has 180+ shares to choose from with zero commissions, 1:5 leverage and real-time data from the two largest stock exchanges in the world. FXTM has direct liquidity from the renowned NYSE and NASDAQ exchanges. This direct connection from the exchanges helps to ensure that trades will be executed fast with exceptional liquidity. The share account minimum deposit is $100.

FXTM Standard Accounts

FXTM Standard Accounts

ECN Zero Account

Through the ECN zero account, FXTM offers ask and bid prices directly from liquidity providers (LPs) although they do add a mark-up to the spread, the account is not charged a commission. This account has market execution with no re-quotes and spreads starting from 1.5 pips. The minimum deposit required is $200.

ECN Account

This account is similar to the ECN zero account but spreads start from just 0.1 pips and there is a small commission charge of $2 per lot. The minimum deposit required is $500. Spreads are usually tighter and execution speeds superior on an ECN account.

FXTM Pro Account

Professional traders can take advantage of the deep liquidity that FXTM offer directly from tier-1 liquidity providers and spreads starting from 0 pips, no last look pricing with no requotes and no commission charges.

Overall, the FXTM pro account has lower spreads, more liquidity and faster execution speeds. Out of all the accounts FXTM offer, this would most likely be the preferred choice for professional traders, institutional traders and hedge fund managers. The professional account does require a minimum account balance of $25,000 is maintained to qualify.

FXTM ECN Accounts

FXTM ECN Accounts

As broker fees can vary and change, there may be additional fees that are not listed in this FXTM review. It is imperative to ensure that you check and understand all of the latest information before you open a FXTM broker account for online trading.

FXTM Support

FXTM works hard to offer helpful, skilled and multi-lingual trading and technical support, always on hand to assist you with your questions. Customer support is provided via online chat, telephone and email whilst clients get their very own dedicated personal account managers.

FXTM Deposit & Withdrawal

FXTM have a good selection of account funding and withdrawal options for simple and quick processing. They offer some online payment processers such as Skrill and Neteller which may be more convenient for some clients whilst they are constantly adding new options in order to improve the process even more. There is a small inactivity fee of $5 if your account has no trading activity for 6 months.

FXTM Deposit & Withdrawal Methods

FXTM Deposit & Withdrawal Methods

Some fees may be charged when using certain payment methods. Bank transfers may take a few business days to clear. Accounts can be opened in EUR, GBP, USD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

FXTM Account Opening

Opening an account to trade with FXTM is a quick and easy process that can be done online. There is a short form to complete on the website. You will then need to verify your email address and upload a form of identification and to confirm your address for KYC purposes. Once verified by the FXTM account team, you can fund your account and start trading.

FXTM Account Opening

FXTM Account Opening

FXTM FAQs

What is the FXTM minimum deposit?

The FXTM minimum deposit is just $10 and varies depending on the account type. If you opt for one of the ECN accounts, the ECN account minimum deposit is $500, the ECN Zero account is $200 and the ECN Pro account is $25,000. If you open a standard account, the minimum deposit is $100 for the Standard account, $10 for the Cent account and $100 for Shares accounts.

In order to start trading online with FXTM, you will need to at least transfer the minimum deposit amount into your trading account. This is normal practice for any broker as it covers the cost for them to setup the account and ensures that traders will be encouraged to make use of it.

They have a very low deposit requirement compared to some brokers who require a deposit of $200 or even into the thousands. This allows you to try the brokers products and services to make sure they are suitable for your needs before committing more funds.

How do I deposit money into FXTM?

It is quick and easy to deposit funds into your FXTM account. The process is as follows:

  • Open the Deposits page within the My Money section in MyFXTM.
  • Choose your preferred deposit method and click ‘Deposit’.
  • Select the MyFXTM account or wallet you wish to deposit funds into and complete the necessary fields.
  • Confirm your deposit details in the next page.

There is a large selection of convenient deposit methods provided by the broker including bank wire transfer, credit/debit cards, cryptocurrency and various e-Wallets.

FXTM will accept deposits in EUR, GBP and USD only. All transactions sent in a different currency will be automatically converted to EUR, GBP or USD; the processor may charge you a conversion fee.

The time it takes to see funds land into your FXTM account depends on the deposit method used. Credit/debit cards and online payment processors can take just a couple of hours whereas bank transfers may take 3-5 business days. If they need to request and verify additional information then the processing time might be longer.

All transfers are processed during standard business hours, i.e. 08:00-18:00 GMT+2 (GMT+3 DST), Mon-Fri. Deposits made during the weekend/bank holidays will be processed according to the standard processing times for each payment method.

You can deposit using a joint account. You just need to complete a joint account form with the account holder’s identification documents including a recent bank statement and payment confirmation from the specified account.

The broker also accepts corporate account deposits. If there are several shareholders then they will need written consent from each one of the shareholders before the funds will be processed.

They do not accept third-party transfers. The name of the sender must match the name used when registering with FXTM.

What are the FXTM deposit fees?

FXTM do not charge any deposit fees. If the balance on your account is different from what you deposited, this is possibly due to additional charges made by your payment provider/bank. If this is the case, you should contact your payment processor for further clarification on any fees that they may charge.

How do I withdraw money from FXTM?

To make a withdrawal from your FXTM account, the process is as follows:

  • Go the Withdraw page within the ‘My Money’ section in MyFXTM.
  • Select the payment method and click ‘Withdraw’.
  • Select the MyFXTM account or wallet you wish to withdraw funds from and complete the necessary fields.
  • Select a reason for withdrawal and enter the PIN that was to you via email or SMS and click ‘Submit’.

You must withdraw funds using the same methods as you make deposits, including bank wire transfer, credit/debit cards and e-Wallets. In order to request a withdrawal your profile must be fully verified.

All withdrawal requests are processed within the same business day, however the time required for the funds to be transferred to your account will depend on the payment method used. Bank wires can take between 3-5 business days, credit/debit cards between 3-10 business days and e-Wallets within 24 hours.

You can make a withdrawal when you have open positions, provided that you have sufficient free margin on your account to cover the withdrawal and any extra fees that may occur.

What are the FXTM withdrawal fees?

FXTM charge a small withdrawal fee of 2 EUR for credit/debit cards and 10 EUR for bank transfers. They do not charge a fee for e-Wallet withdrawals but you may want to check with the processor that you are using as they may charge a receiving fee.

What is the FXTM commission fee?

A small commission fee is applied only on the ECN Account (MT4) and the FXTM ECN MT5 Account.

  • ECN Account (MT4): Commission is charged per lot at 4 units of the Base currency and the conversion rate to the trading account’s currency (if applicable). It is taken only when a position is opened, accounting for both the opening and the closing of the position.
  • FXTM ECN MT5: Commission is fixed at $4 per standard lot, which is $2 when you open a position and $2 when you close it.

The higher your equity and the larger your trading volume, the lower the commissions you pay. Traders with high equity who are trading a significant amount of volume each month, can make big savings on commission.

Other fees to be aware of are the swap fee for holding a position overnight and the spread. These are normal charges that you will get from the majority of brokers.

Are there any FXTM inactivity fees?

When an account has been deemed inactive (no trading activity) for a period of 6 months, FXTM will apply an inactivity fee of $5. If you request to withdraw your funds after no trading activity, FXTM reserves the right to charge you the equivalent amount of any banking fees incurred, or 3% of the total withdrawal amount.

What are the FXTM account types?

FXTM have a good selection of live accounts to choose from, each which has its own personality and its own goal in mind. There are accounts suited to a different type of investor, from experienced traders to beginners, from small depositors to large, the list of live accounts ensures there is something for everyone.

The first thing to note is that you can choose between the standard or ECN accounts. The main differences between the account include:

  • FXTM Standard Accounts: No commission charged, minimum deposit from $10, spreads from 0.1 pips.
  • FXTM ECN Accounts: Commission from $0 – $2, minimum deposit from $200, spreads from 0 pips.

The account type that you decide to choose can depend on your trading strategy. Traders who are using strategies such as scalping which are reliant on tight spreads, might prefer the ECN account where spreads start from just 0 pips. On other hand, swing traders who are holding positions for a longer period of time, may not be too concerned about the spread and could therefore opt for an account depending on other factors such as the minimum deposit required.

Is there an FXTM demo account?

Yes, FXTM offer Standard, Cent, ECN and ECN Zero accounts in demo formats as a perfect way to experiment with different strategies and practice under real market conditions. These demo accounts are funded with virtual cash, meaning you can prepare yourself for real trading by building your skills with none of the risk (but none of the profits either).

Keep in mind that demo trading does not take into account emotions such as fear, anger and greed, all which can have an impact on your trading performance when using real funds.

What are the FXTM spreads?

A spread in trading is the difference between the buy (offer) and sell (bid) prices quoted for an asset. This is a common fee that brokers charge which you pay when you take a position on a particular trading instrument. Spreads vary depending on the market liquidity and instrument.

FXTM spreads are floating and they may increase during specific periods of the day depending on the market conditions. The broker has some of the lowest spreads we have seen, with accounts offering spreads from 0 pips.

Institutional-level spreads are offered on FXTM Pro accounts on the condition that a minimum account balance of $25,000 is maintained at all times. If the balance of an FXTM Pro account drops below the required amount, the spread offering may revert back to retail pricing until the account is topped up. In this case, the client will be notified in advance.

What is the FXTM leverage?

Leverage is fixed based on the trading instrument and limited with 1:30 maximum. Leverage is offered based on your knowledge and experience whilst it may change at the company’s discretion. You can also manually change your leverage from the ‘Accounts Overview’ section in MyFXTM. Traders who qualify as professional clients can request increased leverage.

Leverage enables you to trade a position size greater than you would be able to without it. As with any leveraged product, this means that there is a possibility for both increased losses and profits. It is imperative to have a clear understanding of what leverage is and the risks involved before trading with leverage.

For example, if a trader has a maximum leverage of 1:10 and opens a position with that leverage on a $10,000 account. The trader now has a position size with an asset value of $100,000. This means a price movement of 1% will wipe out the position completely. Also consider that if the position is losing $5,000, the broker may reduce the trader’s position. This is because the trader now only has $5,000 of available capital, and 1:10 leverage means his maximum position allowed should be $50,000 not $100,000.

Reducing the leverage to 1:5 with an initial outlay of $10,000 will mean that the position is now $50,000, and a 1% move will be equal to $500. Keeping leverage rates low means that if the trader does lose money, it could be less likely to wipe out all or a substantial amount of their capital.

What are the FXTM margin & stop-out levels?

The margin level is the amount of equity a trader needs to maintain in order to keep a position open. Should your equity fall below the maintenance margin amount, FXTM will make a Margin Call and close any/all open positions.

FXTM margin requirements may vary between symbols and servers. You can see exactly at what point Stop Out would be triggered for each account in the Trading Accounts Overview section of the brokers website.

As an example, the FXTM Standard Account has a Stop Out level of 20% and a Margin Call of 40%, which means that once a trader reaches 40% of the Margin Level, they will receive a Margin Call. If the trader doesn’t start closing the least-profitable positions and experiences further losses that bring them down to 20%, FXTM will start closing these positions for them because of the Stop Out.

It is your responsibility to monitor your open position(s) at all times and ensure that you have sufficient funds on your account or take a decision to close any or all of your open position(s).

Do FXTM allow hedging, scalping & expert advisors?

Yes, FXTM allow hedging and scalping strategies along with automated trading via the use of expert advisors (EAs).

Is there an FXTM Islamic account?

Yes, there is a swap-free option on all the accounts that FXTM offer, ensuring that they are a Muslim friendly broker with accounts that comply with Sharia law. You can select the swap-free option when you open your trading account or enable it from within MyFXTM.

Please note that the swap-free option is available for clients in selected countries. Exotic pairs are not available for swap-free accounts on MT5.

What are the FXTM trading instruments?

FXTM offer access to a wide range of asset classes, including FX, precious metals, commodities, shares and indices. They have hundreds of trading instruments so there is something for everyone to trade whatever your interests may be.

How do I open an FXTM live account?

You can sign up with FXTM in a few minutes by completing the short application form on the brokers website. Just click the “open account” button located throughout the site and follow the steps to get started.

How do I verify my FXTM account?

Once you become a verified client, you will have access to all of FXTM’s products and services. You can verify your profile by uploading clear colour copies (mobile photo or a scan) of the following documents:

  • Proof of identity – passport, national identity card or driving license.
  • Proof of address – bank/card statement or utility bill. Examples of documents which can be provided are: Water/gas/electric/internet/telephone bill. Residency certificate. They do not accept mobile telephone bills and all statements/bills must be no more than 3 months old.

Once you upload all your documents, it can take up to 20 minutes during working hours to 24 hours to verify your profile.

What is the FXTM trading platform?

FXTM offer the popular and user-friendly MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms on various desktop and mobile devices as well as on WebTrader. The web platform runs directly in the web browser without needing to download or install any additional software whereas the mobile trading app is great for those who want to trade whilst on the move.

In addition to the powerful MetaTrader platforms, the broker provides the proprietary FXTM Trader App, which is available for download on both Android and iOS devices, completely free of charge.

Where can I download the FXTM platform?

You can download the MetaTrader and FXTM platforms for free directly from the brokers website or from the relevant app store on your mobile devices. The WebTrader platform can also be launched in your web browser straight from the brokers website.

Where is FXTM located?

FXTM has offices in a number of cities and countries, including the United Kingdom, Cyprus, South Africa and Mauritius.

Is FXTM regulated?

Yes, FXTM is licensed and regulated across multiple jurisdictions, serving clients in over 150 countries worldwide.

FXTM is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Commission of the Republic of Mauritius (FSC).

Forextime Ltd, Forextime UK Ltd and Exinity Limited are the three entities under the FXTM brand. All entities are licenced and regulated in multiple jurisdictions around the world and offer corresponding products and services.

What countries do FXTM accept?

The FXTM brand does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, Brazil, the Occupied Area of Cyprus and Hong Kong.

Is FXTM a scam?

No, FXTM is not a scam. They are regulated in multiple jurisdictions and have been offering industry leading brokering services to a global clientele since 2011.

How can I contact FXTM support?

You can contact the FXTM Customer Support Department for any questions you may have regarding trading, registration, platforms, your account or anything else. The multi-lingual support team can be reached 24/5 via email, telephone or live chat. We found them to be very helpful and polite in response to the various questions that we asked.

FXTM Summary

FXTM is an award-winning broker that puts great emphasis on client’s education whilst offering a flexible selection of trading accounts and funding methods to suit different types of traders. They have strict regulation in multiple jurisdictions and offer a wide range of over 250+ trading instruments across multiple markets and user-friendly platforms for desktop, web and mobile devices. Furthermore, the broker has very competitive trading conditions including tight spreads, low commission fees and rapid trade execution speeds.

Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the FXTM and FXTMPartners brands based on the legal requirements in his/her country of residence. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Min $10 Deposit

FXTM is an award-winning broker with strict regulation in multiple jurisdictions. They have user-friendly trading platforms, various account types & funding methods, along with a vast range of educational materials & trading tools.