Overall Rating: ★★★☆☆ (3.5/5.0)

ForexTime, also known as FXTM, is a globally recognised forex and CFD broker established in 2011. Offering MetaTrader 4 and MetaTrader 5, multiple account types, and a strong focus on education and emerging markets, FXTM has gained traction across Asia, Africa, and the Middle East. The broker is regulated by the UK’s FCA, Cyprus’s CySEC, and South Africa’s FSCA, providing a fair degree of trust and flexibility. This ForexTime review explores its trading conditions, pricing structure, and whether it’s a good match for your trading goals.

Key Features

FXTM provides a wide variety of accounts and platforms, making it suitable for beginners, swing traders, and scalpers alike.

• Trading Platforms:
  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • Desktop, web, and mobile versions supported
• Markets Available:
  • Forex, indices, commodities, stocks, and cryptocurrencies
• Account Types:
  • Micro, Advantage, and Advantage Plus
  • Designed to cater to different trading styles and capital levels
• Execution Model:
  • Market execution for Advantage accounts
  • Instant execution for Micro account
• Leverage:
  • Up to 1:30 for EU clients (FCA, CySEC)
  • Up to 1:2000 for international clients (FSCA, offshore entities)

Regulation and Security

ForexTime is well-regulated in multiple regions, giving clients a good level of protection.

• FCA (UK) – FRN 777911
• CySEC (Cyprus) – Licence No. 185/12
• FSCA (South Africa) – FSP No. 46614
• Client Fund Segregation: Yes
• FSCS protection for eligible UK clients (up to £85,000)
• Negative Balance Protection for retail accounts
• Global entity also operates under an offshore structure (Mauritius)

Pricing and Costs

FXTM offers flexible pricing models, though spreads and commissions vary significantly by account type.

• Spreads:
  • Micro account: From 1.5 pips, no commission
  • Advantage account: From 0.0 pips, $0.40 to $2 per lot commission per side
• Commission:
  • Depends on volume traded – high-volume traders pay less
• Minimum Deposit:
  • From $10 (Micro), $500+ (Advantage)
• Deposit & Withdrawal Fees:
  • Zero deposit fees, small withdrawal fees apply depending on method
• Inactivity Fee:
  • Yes – $5/month after 6 months of inactivity

Educational Resources and Customer Support

FXTM excels in education and localised customer service, especially in Africa and Asia.

• Education:
  • Free webinars, trading courses, eBooks, video tutorials
  • Regional seminars and beginner programs
• Market Analysis:
  • Daily insights, FXTM trading signals, economic calendar
• Customer Support:
  • 24/5 live chat, phone, and email
  • Multilingual support with local phone lines for Nigeria, Indonesia, and others

Risk Management Tools

FXTM provides basic and intermediate-level tools, but lacks more advanced or institutional features.

• MT4/MT5 standard tools: Stop-loss, take-profit, trailing stop
• Leverage control: Adjustable depending on account and region
• No guaranteed stop-loss orders (GSLOs)
• Margin call alerts and risk warnings in client portal

Pros and Cons

Pros

• Strong regulation (FCA, CySEC, FSCA)
• Multiple account types for all levels
• Excellent educational content and localised support
• Low minimum deposits for Micro account
• Flexible leverage options for non-EU clients

Cons

• Spreads can be wide on basic accounts
• Inactivity fees after 6 months
• Commission structure can be complex
• No guaranteed stop-loss protection
• Offshore entity handles many international accounts

Conclusion: Is ForexTime the Right Choice?

ForexTime (FXTM) is a versatile and accessible broker that excels in education, regional support, and platform choice. It’s particularly strong in emerging markets and ideal for beginners or semi-experienced traders who value regulatory protection with flexibility. However, traders seeking ultra-tight spreads, zero-fee withdrawals, or advanced tools may prefer brokers like Pepperstone, IC Markets, or Admirals.