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broker popularity top broker high popularity best reviews benchmark
LeverageMaximum leverage of up to 1:2000 is available for trading on FXTM
Minimum Deposit$/€/£10 for Micro Accounts and $/€/£500 for Advantage & Advantage Plus Accounts.
Year Established2011
RegulationFXTM is regulated and authorized by CySEC, FCA, FSC (Mauritius), and the FSCA (South Africa).
Payment methodsMultiple payment methods including credit/debit cards, bank transfers, electronic wallets, and more.
Publicly Traded
Type of Brokeronline retail forex and CFD broker
Trading Assets forex, spot metals, commodities, stock CFDs, and indices.
Demo Account
Islamic Account
Deposit Fee
Withdrawal Fee
Offers Official Website

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Pros and Cons

  • Regulated by top-tier authorities, including CySEC, FCA, FSC (Mauritius), and FSCA (South Africa).
  • Offers a variety of trading platforms, including MT4 and MT5.
  • Provides educational content suitable for both beginners and experienced traders.
  • Competitive leverage options.
  • A range of account types to suit different trading needs.
  • Access to a demo account for practice.
  • Responsive customer support.
  • Access to trading signals and research tools.
  • Multiple payment methods available for deposits and withdrawals.
  • Relatively fewer security measures in place.
  • No proprietary trading platform.


FXTM, which stands for ForexTime, is a well-established and reputable online forex and CFD broker. Founded in 2011, the company has grown to become a prominent player in the global financial markets.

Headquartered in Cyprus, the broker has expanded its presence across various regions, including Asia, South Africa, the Middle East, Europe, and Latin America.

With over 4 million successful traders spanning 150 countries, it is known for providing trading services of exceptional quality and reliability to both institutional and retail investors.

One of FXTM’s standout features is its strong commitment to regulatory compliance.

It is regulated and authorized by top-tier financial authorities, including the following:

  • Cyprus Securities and Exchange Commission (CySEC).
  • Financial Conduct Authority (FCA) in the UK.
  • Financial Sector Conduct Authority (FSCA) in South Africa.
  • Financial Services Commission (FSC) in Mauritius.

This regulatory oversight ensures that FXTM operates with transparency and adheres to industry best practices.

The broker caters to traders of all levels, from beginners to seasoned professionals.

It also offers a wide array of trading platforms, educational resources, trading ideas based on analysis, and several financial instruments, including forex and CFD markets.

FXTM’s commitment to trader education is evident through the provision of educational materials such as e-books, forex trading seminars, investment programs, webinars, and informative videos.

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Editor’s Verdict

FXTM is a well-established and regulated broker that caters to a diverse range of traders. Its offering of various platforms, educational resources, and a wide array of tradable assets makes it a competitive choice in the industry.

However, traders should exercise caution as the security measures could be improved.


This broker offers competitive fee structures.

While there are no deposit fees, withdrawal fees may apply, although this depends on the payment provider.

Additionally, the broker’s spreads and commissions for trading forex and CFDs are competitive compared to industry standards.

The company provides access to a diverse and extensive range of financial instruments, allowing traders to build well-rounded portfolios and capitalize on market opportunities.

These assets include:

  1. Forex (FX): This broker offers major, minor, and exotic currency pairs for forex trading. Traders can participate in the foreign exchange market and take advantage of fluctuations in exchange rates, making it one of the most liquid markets globally.
  2. Spot Metals: Traders can engage in the trading of precious metals like gold and silver, both of which are available in multiple currency pairs. Precious metals can serve as a hedge against inflation and economic uncertainties.
  3. Commodities: The broker provides the opportunity to trade CFDs on commodities, particularly US natural gas, US crude oil, and UK Brent oil. Commodity trading allows traders to speculate on the price movements of these energy resources.
  4. Stock CFDs: This broker offers access to CFD trading for a wide range of well-known company shares, including popular options like Apple, Amazon, Volkswagen, and Unilever. Traders can go long or short on these CFD stocks, depending on their market outlook.
  5. Indices: The broker enables traders to invest in stock indices from various global regions, such as AUS 200 (Australia 200), GDAX (DAX 30), ND 100m (US Tech 100 – mini), UK 100, and SP500 (US SPX 500 – mini). Trading stock indices allows for portfolio diversification and broad market exposure.

FXTM’s extensive array of assets empowers traders to diversify their investments, manage risk, and explore multiple financial markets. This range of options is valuable for traders looking to tailor their trading strategies to suit different market conditions and investment goals.

Leverage and Trading Hours

It offers flexible leverage options, with maximum leverage going up to 1:2000.

Trading hours vary depending on the asset class, but forex markets are open 24 hours a day during the trading week.

Account Types

The company caters to traders of various experience levels by offering a range of account types, each designed to meet specific trading needs.

These account types provide traders with different features and conditions to suit their preferences:

  1. Standard Account: The Standard account is designed for traders who prefer a simple and straightforward trading experience. It offers market execution, competitive spreads, and no hidden fees. With a low minimum deposit requirement, it is accessible to traders of all levels.
  2. Cent Account: The Cent account is tailored for beginners and those looking to practice their trading skills with minimal risk. It is denominated in cents, allowing for small trade sizes. Traders can hone their strategies and gradually build their trading confidence.
  3. Shares Account: The Shares account provides access to an extensive selection of stock CFDs, enabling traders to invest in shares of renowned companies. This account type allows traders to diversify their portfolios by trading CFDs on popular stocks with competitive spreads.
  4. ECN Account: The ECN account is designed for more experienced traders seeking direct access to the market. It offers fast execution, low spreads, and a commission-based fee structure. Traders benefit from market depth and can employ scalping and other advanced strategies.
  5. ECN Zero Account: The ECN Zero account is similar to the ECN account but has no commissions. It is ideal for traders looking for raw spreads without additional costs. It offers market execution and tight spreads for those who prefer fee-free trading.
  6. Pro Account: The Pro account is designed for professional traders and institutional investors. It offers advanced trading conditions, such as tight spreads and deep liquidity. Traders can choose between fixed or floating spreads based on their trading strategies.
  7. FXTM Pro Account: The FXTM Pro account is suitable for high-volume traders who require even lower spreads. It is designed for those who trade substantial volumes and need access to competitive pricing and execution.
  8. FXTM Invest: FXTM Invest is not a traditional trading account but a platform that allows traders to become Strategy Managers. Strategy Managers build their own portfolios, and investors can follow their trading strategies. This account type is perfect for those who want to earn by sharing their trading expertise.
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Demo Account

The company offers a free and unlimited demo account for traders to practice their strategies, explore the platform, and familiarize themselves with the trading environment.

The demo account provides a risk-free way for both novice and experienced traders to trade with virtual funds.

Key features of the demo account include:

  • Virtual Funds: Traders receive virtual funds to practice trading without risking real capital.
  • Real Market Conditions: The demo account replicates real market conditions, ensuring that traders experience actual price movements and execution speeds.
  • Educational Tool: It serves as an excellent educational tool for traders to refine their trading skills and test new strategies.
  • No Time Limit: There is no time limit on how long traders can use the demo account, allowing them to continue using it for as long as needed.

The demo account is an invaluable resource for traders looking to improve their trading proficiency, test different trading strategies, and get a feel for the broker’s trading platforms.

It is a risk-free way to gain confidence before transitioning to live trading with real funds.

Trading Platforms

The broker provides a selection of powerful trading platforms to accommodate various trading styles and preferences:

  1. MetaTrader 4 (MT4): MetaTrader 4 is a renowned and widely used trading platform known for its user-friendly interface and comprehensive features. It offers real-time price quotes, advanced charting tools, technical indicators, and automated trading capabilities with Expert Advisors (EAs). MT4 is available for desktop, web, and mobile devices, making it accessible to traders on different platforms.
  2. MetaTrader 5 (MT5): MetaTrader 5 is the successor to MT4 and is designed for traders who require more advanced tools and features. MT5 provides an extended range of timeframes, additional technical indicators, an economic calendar, and more order types. Traders can use it for trading various asset classes, including forex, stocks, and commodities.
  3. FXTM Trader App: The broker offers a proprietary mobile trading app designed for traders on the go. The FXTM Trader app is available on iOS and Android devices, offering convenient access to the financial markets, real-time quotes, advanced charting tools, and one-tap trading. It also includes the innovative FXTM Invest feature, allowing traders to follow Strategy Managers and automate their trading.


This broker has received numerous awards and recognitions in the forex industry. These accolades underscore its commitment to providing quality services and innovative solutions to traders.

Some notable awards and titles earned include:

  • Most Innovative Product Award (2013): It was recognized for its innovative products and services in the financial industry.
  • Fastest Growing ECN Broker Asia (2014): The broker received recognition for its significant growth and prominence in the Asian market.
  • Forex Broker of the Year (2017): The broker was awarded the title of Forex Broker of the Year, reflecting its excellence in the industry.
  • Best Trading Conditions (2019): This award highlights the competitive trading conditions offered by FXTM.
  • Best ECN Broker (2020): The broker was acknowledged as the best ECN (Electronic Communication Network) broker, emphasizing its superior execution and liquidity access.
  • Best Educational Program (2022): FXTM’s dedication to trader education was recognized through this award.
  • Most Trusted Forex Broker (2022): The broker received recognition for its commitment to building trust among its clients.

These awards showcase FXTM’s continuous efforts to provide traders with exceptional services, cutting-edge technology, and a robust trading environment.

The broker’s commitment to innovation, education, and transparency has been acknowledged by industry experts and traders alike.

Regulation and Security

The company is regulated by top-tier authorities, which provides a level of security and trust for its clients.

However, it could enhance its security measures to provide even more confidence to traders.

Research and Education

This broker offers research tools and educational content.

Traders can access trading signals, market analysis, webinars, and educational resources, making it suitable for both beginners and experienced traders.

Customer Support

FXTM’s customer support is responsive and can be reached through various channels, including phone and live chat.

The support team provides assistance on weekdays, ensuring clients have access to timely help.

Bonuses and Promotions

FXTM offers bonuses and promotions, including a welcome bonus, providing additional value to traders.

Account Opening

Opening an account with This broker is a straightforward process.

Here are the steps involved:

  1. Visit the FXTM Website: Go to the official FXTM website at https://www.forextime.com.
  2. Click “Register”: On the FXTM homepage, click on the “Register” or “Open Account” button. You will be directed to the account registration page.
  3. Choose Account Type: Select the type of trading account you wish to open. The broker offers various account types, including Standard, Cent, ECN, and more. Pick the one that suits your trading needs.
  4. Complete Registration Form: Fill in the registration form with your personal information, including your name, email address, phone number, and country of residence. Create a password for your account.
  5. Verify Your Email: The broker will send a verification email to the address you provided during registration. Open the email and click on the verification link to confirm your email address.
  6. Complete Account Verification: To comply with regulatory requirements, you will need to submit identification documents to verify your identity. This typically includes a copy of your passport or national ID and a proof of address, such as a utility bill or bank statement.
  7. Choose Leverage and Account Currency: Select your desired leverage and the currency in which you want to fund your account.
  8. Risk Acknowledgment: Review and acknowledge the risk disclosure statement provided by FXTM.
  9. Terms and Conditions: Read and accept its terms and conditions.
  10. Fund Your Account: Once your account is approved, you can deposit funds and start trading.

Payment Methods

This broker offers a range of payment methods for depositing and withdrawing funds.

These methods may vary depending on your location, so it’s essential to check the available options for your country.

Here are some of the common payment methods supported:

  1. Bank Wire Transfer: You can transfer funds directly from your bank account to your trading account. This method is secure but may take a few business days for the transaction to be processed.
  2. Credit and Debit Cards: It accepts payments via major credit and debit cards, such as Visa and MasterCard. Card payments are processed quickly.
  3. E-wallets: The broker supports popular e-wallets like Skrill, Neteller, and more. E-wallet transactions are typically fast and secure.
  4. Online Payment Systems: It also works with online payment systems like WebMoney, Perfect Money, and more, depending on your region.
  5. Cryptocurrency: In some regions, The broker allows cryptocurrency deposits through Bitcoin and other digital currencies.
  6. Local Transfers: The broker may offer local transfer options in specific countries to facilitate deposits and withdrawals.

It’s important to note that deposit and withdrawal methods may be subject to fees and processing times, so it’s advisable to check the details on the FXTM website or contact their customer support for specific information related to your location.

Additionally, remember that withdrawals are typically processed using the same method used for deposits.

Deposits and Withdrawals

While FXTM does not charge deposit fees, withdrawal fees may apply based on the payment provider’s terms.

Is it a good broker?

FXTM is a reputable broker, regulated by top-tier authorities, and offers a wide range of assets and competitive trading conditions.

However, traders should consider their individual needs and the security measures provided.

Alternative Brokers & Comparisons

  1. eToro: eToro is a well-known social trading platform that offers a unique combination of social trading features and traditional CFD trading. It allows users to copy the trades of experienced investors.
  2. IG: IG is a globally recognized online trading platform that provides access to a wide range of financial markets, including forex, indices, stocks, and commodities. It offers competitive spreads and a user-friendly trading platform.
  3. OANDA: OANDA is a reputable forex broker with a strong focus on currency trading. It’s known for its transparent pricing, powerful trading tools, and educational resources.
  4. AvaTrade: AvaTrade is a user-friendly platform that offers a broad range of trading instruments, including forex, cryptocurrencies, commodities, and more. It provides both manual and automated trading options.
  5. Pepperstone: Pepperstone is a popular ECN broker known for its tight spreads and fast execution. It offers several trading platforms, including MetaTrader 4 and cTrader.

Here’s a comparison of FXTM with some alternative brokers mentioned above:

  • Regulation: It is regulated by top-tier authorities, including CySEC and FCA. Most of the alternatives are also well-regulated, ensuring a high level of security for traders.
  • Asset Range: This broker provides access to forex, commodities, indices, and stocks. Alternative brokers like IG and OANDA offer a similar range of assets. eToro focuses more on stock trading and social trading, while AvaTrade offers a broader range, including cryptocurrencies.
  • Trading Platforms: The broker offers MetaTrader 4 and MetaTrader 5. IG, OANDA, and Pepperstone also provide these platforms. eToro has its own proprietary platform, and AvaTrade offers both MetaTrader and its trading platform.
  • Leverage: It offers leverage up to 1:2000. Leverage varies among the alternatives, with some offering up to 1:30 (compliant with ESMA regulations), while others offer higher leverage.
  • Demo Accounts: All of these brokers offer demo accounts, allowing traders to practice and test their strategies risk-free.
  • Educational Resources: The broker provides educational content. IG and OANDA offer extensive educational resources. eToro offers social trading with the opportunity to learn from experienced traders. AvaTrade also provides educational materials.
  • Fees: Fee structures can vary significantly among brokers. It’s essential to compare spreads, commissions, and any additional charges to determine the most cost-effective option for your trading style.
  • Copy Trading: eToro is known for its social trading features, which allow users to copy the trades of expert investors. It also offers copy trading, but eToro’s social aspect sets it apart.

When choosing a broker, consider your trading preferences, the range of assets you want to trade, and the specific features that matter most to you.

Conduct thorough research and, if possible, open demo accounts with your top choices to assess which one aligns best with your trading goals.

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The broker is a well-established broker that offers a competitive trading environment, multiple account types, and a wide range of assets.

While it has strengths, including regulatory oversight, educational resources, and responsive customer support, traders should be aware of security concerns and compare it to alternative brokers based on their specific needs.

Contact Info

FAQ – Frequently Asked Questions

What is FXTM?
FXTM, or ForexTime, is a global online broker that provides access to various financial markets, including forex, commodities, indices, and stocks. It offers a range of trading services and platforms to both retail and institutional clients.
Is FXTM a regulated broker?
Yes, FXTM is regulated by several financial authorities, including the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK, and the Financial Sector Conduct Authority (FSCA) in South Africa. These regulatory bodies ensure that FXTM adheres to strict standards and provides a secure trading environment.
What trading platforms does FXTM offer?
FXTM offers multiple trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are well-known for their user-friendly interfaces, advanced charting tools, and automated trading capabilities. FXTM also provides a proprietary mobile trading app.
What is the minimum deposit required to open an account with FXTM?
The minimum initial deposit for FXTM varies depending on the type of account you choose. For Micro Accounts, the minimum deposit is as low as $/€/£ 10, or ₦10,000. For Advantage and Advantage Plus Accounts, the minimum deposit is $/€/£ 500, or ₦80,000.
Does the broker offer demo accounts?
Yes, The broker provides demo accounts. These accounts allow traders to practice and test their strategies using virtual funds without risking real money. It’s an excellent way for beginners to familiarize themselves with the platform and for experienced traders to try out new strategies.
What is the maximum leverage offered by FXTM?
FXTM offers high leverage, with a maximum leverage of 1:2000. However, it’s important to note that leverage can vary based on your account type and the financial instruments you trade.
Does The broker offer Islamic (swap-free) accounts?
Yes, The broker provides Islamic accounts that comply with Sharia law, making them swap-free. These accounts are available to traders who cannot participate in interest-bearing transactions, ensuring they can trade without violating their religious beliefs.
What are the fees associated with The broker?
FXTM’s fee structure includes spreads on trades and potential commissions. The fees can vary based on your account type and the financial instruments you trade. While the broker offers low spreads on some major currency pairs, it’s essential to review the fee schedule to understand the specific costs associated with your trading activities.
How can I contact FXTM's customer support?
The broker offers various customer support channels, including live chat, email, and social channels like WhatsApp, Telegram, and Messenger. The support team is available to assist with any inquiries or issues during business hours.
Does FXTM offer any bonuses or promotions for traders?
FXTM does provide various promotions and bonuses from time to time. These offers can include welcome bonuses and other promotions that provide additional trading capital or benefits. However, it’s essential to review the terms and conditions of these offers to understand their requirements and limitations.

References and Sources

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Article written, edited and reviewed by


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Last updated: April 11, 2024