Overall Rating: ★★★☆☆ (3.5/5.0)

FXTM (ForexTime) is a globally recognised forex and CFD broker established in 2011 and regulated by several major authorities, including the FCA (UK), CySEC (Cyprus), and FSCA (South Africa). Known for its wide range of account types, strong educational content, and focus on emerging markets, FXTM caters to both beginner and intermediate traders. While its regulatory framework adds credibility, its high spreads on standard accounts and limited platform choices may not appeal to all.

This FXTM review evaluates its trading environment, pricing, safety, and tools to help you decide if it’s the right broker for your goals.

Key Features

FXTM is popular for offering flexible account options, multi-platform access, and fast execution tailored to different trading styles.

• Trading Platforms:
  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • Desktop, web, and mobile access
• Markets Offered:
  • Forex, commodities, indices, shares, and cryptocurrencies
• Account Types:
  • Micro, Advantage, and Advantage Plus
  • Islamic (swap-free) accounts available
• Execution Model:
  • Instant execution for Micro accounts
  • Market execution for Advantage accounts
• Leverage:
  • Up to 1:30 for EU/UK clients (FCA/CySEC)
  • Up to 1:2000 for international clients (offshore entity)

Regulation and Security

FXTM operates under strict regulatory oversight, offering client protection and secure trading infrastructure.

• FCA (UK) – FRN 777911
• CySEC (Cyprus) – Licence No. 185/12
• FSCA (South Africa) – FSP No. 46614
• Client Fund Segregation – funds held in tier-1 banks
• Investor Compensation Scheme – for eligible EU clients
• Negative Balance Protection – available for retail clients
• Strong AML/KYC compliance

Pricing and Costs

FXTM’s pricing model varies by account type, with raw spread and commission-based pricing available for advanced traders.

• Spreads:
  • Micro account: From 1.5 pips (no commission)
  • Advantage account: From 0.0 pips, with commission
• Commission (Advantage):
  • Varies from $0.40 to $2 per side, based on volume
• Minimum Deposit:
  • Micro: $10, Advantage: $500+
• Deposit & Withdrawal Fees:
  • No internal fees; third-party charges may apply
• Inactivity Fee:
  • $5/month after 6 months

Educational Resources and Customer Support

FXTM is one of the few brokers that excels in localised education and support, especially in Africa, Asia, and the Middle East.

• Education:
  • Free webinars, eBooks, tutorials, and strategy guides
  • Regional seminars and trader workshops
• Market Analysis:
  • Daily insights, technical forecasts, and weekly outlooks
• Customer Support:
  • 24/5 via live chat, phone, and email
  • Multilingual support including English, Arabic, Chinese, and Swahili

Risk Management Tools

FXTM offers basic platform risk tools and ensures regulated leverage caps and protection mechanisms.

• Standard MT4/MT5 tools:
  • Stop-loss, take-profit, trailing stops
• Leverage Control:
  • Region-specific caps with customisable options
• No guaranteed stop-loss orders (GSLOs)
• Risk disclosures and calculators available on-site

Pros and Cons

Pros

• Multi-regulated and highly credible
• Flexible account types and low minimum deposits
• Excellent educational resources
• Strong regional presence in Africa and Asia
• Leverage up to 1:2000 for international traders

Cons

• Spreads are wide on standard accounts
• Inactivity fee applies after 6 months
• Limited asset range compared to multi-asset brokers
• No cTrader or TradingView integration

Conclusion: Is FXTM the Right Choice?

FXTM is a reliable broker for beginners and intermediate traders who value regulation, regional support, and a strong educational ecosystem. It offers competitive raw spread pricing through its Advantage account and remains one of the most accessible brokers globally.

However, active or institutional traders may find the spreads and platform limitations less attractive. For tighter spreads or multi-platform access, brokers like Pepperstone, IC Markets, or Vantage might be more suitable.