| Founded: | Account Currencies |
| 2012 | USD, EUR, GBP, and NGN |
| Trading Instruments: | Trading Platforms: |
| Forex, Metals, Stock, Indices, Commodities, Cryptocurrencies, Indices | MetaTrader 4, MetaTrader 5, FXTM Trader App |
| Funding Methods: | Regulation |
| Credit/Debit Cards, E-Wallets, Bank Transfers | FSC (Mauritius) |
| Max Leverage: | Min Deposit: |
| 1:2000 | $200 |
Pros and Cons
| Pros | Cons |
| Regulated by multiple authorities | Withdrawal fees apply |
| Low spreads on ECN accounts | Inactivity charges |
| High leverage available | Limited trading instruments |
| Supports MT4 & MT5 | Higher spreads on standard accounts |
| Multiple account types | Average customer support |
Trust and Safety
FXTM, also known as ForexTime, is an international online broker providing access to forex and CFD markets. The broker offers trading across currencies, commodities, indices, metals, cryptocurrencies, stocks, ETFs, and other instruments, with the exact range depending on the account and region.
FXTM operates through regulated entities, so the regulatory protections and trading conditions available to clients can depend on their country of residence and the entity under which their account is opened. Traders should therefore check the applicable legal entity and regulatory framework before registering.
Client Fund Protection
FXTM states that client funds are segregated from the company’s own funds. This means client money is kept separately from the broker’s operational capital in accordance with applicable regulatory requirements.
Segregation is an important part of the broker’s client-money framework, although the exact protections available to traders depend on the regulatory entity serving their account.
Negative Balance Protection
FXTM provides negative balance protection where applicable to eligible clients and account structures.
This is intended to prevent qualifying retail clients from losing more than the money available in their trading account. However, traders can still lose their deposited capital, particularly when using leverage.
Account Security
FXTM requires clients to complete identity verification before they can fully access live trading services.
The registration process includes creating a profile, selecting an account type, confirming identity, and making the required initial deposit.
These checks are designed to meet regulatory requirements and help protect accounts from unauthorised activity.
Tradable Instruments
Forex
Forex remains one of FXTM’s core markets.
Clients can trade major and minor currency pairs, with pricing depending on the account selected. The Advantage account offers spreads from 0.0 pips, while Advantage Plus starts from 1.5 pips.
Metals
FXTM provides access to spot metals, including popular markets such as gold and silver.
Precious metals can be used by traders looking to diversify beyond traditional currency pairs or take positions based on movements in commodity markets.
Commodities
Commodity CFDs are also available through FXTM.
Depending on the account and jurisdiction, traders can access markets such as oil and other commodity products. The availability of individual instruments should be checked within the trading platform.
Indices
FXTM offers CFDs on selected global indices.
Index trading allows clients to speculate on broader market movements rather than individual companies. These products can be useful for traders looking to gain exposure to major equity markets.
Stock CFDs
Stock CFDs are available through supported FXTM accounts, with stock trading on MT5.
The broker also offers an Advantage Stocks account specifically designed for US stock trading. FXTM currently lists a $200 minimum deposit, 1:1 leverage, zero commission, and market execution for this account.
ETFs
FXTM provides ETF CFDs through MT5 on supported accounts.
ETFs can give traders exposure to groups of assets or specific market sectors through a single instrument.
Cryptocurrencies
Cryptocurrency CFDs are available through selected FXTM accounts.
Supported markets include major digital assets, with trading conditions and availability varying according to the account and jurisdiction.
Cryptocurrencies can be highly volatile, and leverage can increase both potential returns and losses.
Account Types
FXTM offers several account structures designed for different trading styles and experience levels. The currently published range includes Advantage, Advantage Plus, Advantage Stocks, Micro, Edge in certain regions, and Practice accounts.
Advantage Account
The Advantage account is designed for traders who prioritise tight spreads and are comfortable with commission-based pricing.
Spreads start from 0.0 pips on forex, while forex commission is listed at $3.50 per lot per side, or $7 for a complete round turn. The account supports MT4 and MT5.
This structure can appeal to active traders, scalpers, and users who want to keep spreads as low as possible.
Advantage Plus Account
Advantage Plus uses a commission-free pricing model.
Spreads start from 1.5 pips, with no separate trading commission. FXTM states that the account is suited to traders who prefer a simpler pricing structure and do not mind slightly wider spreads.
The minimum deposit is currently listed at $200 for the Advantage Plus account.
Advantage Stocks Account
The Advantage Stocks account is focused specifically on stock trading.
FXTM currently lists a $200 minimum deposit, zero commission, 1:1 leverage, and market execution. The account is available on MT5 and is designed for cash-equity trading rather than leveraged CFD trading.
Micro Account
The Micro account is a cent-based account aimed at beginners and traders testing strategies.
FXTM states that the minimum deposit is $30 or €30, with balances displayed in USC or EUC. The account is available only on MT4 and offers more than 30 instruments, including forex, metals, energy commodities, the USD Index, Bitcoin, and Ethereum.
Edge Account
The Edge account is available in selected regions and is designed for newer traders who want a lower starting deposit.
FXTM currently lists a $50 minimum deposit, spreads from 1.2 pips, no commission, and leverage of up to 1:500 for this account in the applicable market.
Practice Account
FXTM provides a Practice account for traders who want to learn and test strategies without risking real money.
The demo environment uses virtual funds, allowing users to become familiar with the trading platform before moving to a live account.
Commission and Fees
Minimum Deposit
The required initial deposit depends on the selected account and the client’s location.
FXTM’s current information lists $200 for several of its main accounts, while certain regional offerings have lower entry requirements. The Micro account, for example, can be opened with $30/€30, and the Edge account can start at $50 where available.
Spreads
FXTM offers different spread structures depending on the account.
The Advantage account provides spreads from 0.0 pips, while Advantage Plus starts from 1.5 pips. Spreads are variable and can change depending on market liquidity and volatility.
Trading Commission
The Advantage account uses commission-based pricing.
For forex, FXTM currently lists $3.50 per lot per side, equivalent to $7 for a complete round turn. Other instruments have their own commission schedules.
Advantage Plus, meanwhile, does not charge a separate trading commission, with the trading cost incorporated into the spread.
Overnight Fees
Positions held open overnight can incur swap charges.
The amount depends on the instrument, direction of the trade, account conditions, and market rates. Traders who regularly hold positions for several days should include overnight costs when calculating their total trading expenses.
Deposit and Withdrawal Fees
FXTM states that it does not charge fees for deposits or withdrawals.
However, banks, payment processors, card providers, or other third-party services may impose their own charges depending on the payment method and transaction.
Trading Platforms
FXTM App
FXTM provides its own mobile trading application.
The FXTM App is designed to provide a straightforward way to monitor markets, manage accounts, and access trading services from mobile devices. FXTM states that MetaTrader technology powers transactions behind the scenes.
MetaTrader 4
MetaTrader 4 remains available for FXTM clients.
MT4 provides charting tools, technical indicators, order types, and support for automated trading through Expert Advisors.
FXTM’s platform information lists forex, indices, metals, commodities, and cryptocurrency trading through MT4.
MetaTrader 5
MetaTrader 5 is also supported by FXTM.
MT5 expands on MT4 with additional analytical tools and supports a broader selection of instruments, including supported stock and ETF CFDs. FXTM lists more than 80 technical indicators for MT5.
Mobile Trading
MT4, MT5, and the FXTM App allow traders to monitor markets and manage positions from compatible mobile devices.
This gives users flexibility to access their accounts without being tied to a desktop computer.
Desktop and Browser Access
FXTM’s MetaTrader platforms are available for desktop use, while account management can also be handled through the FXTM client environment.
The choice of platform depends on the account, instruments, and trading style.
Unique Features
Tight-Spread Advantage Account
One of FXTM’s main attractions is its Advantage account.
With spreads from 0.0 pips and commission-based pricing, it is aimed at traders who want to minimise spread costs.
Commission-Free Trading
Traders who prefer to avoid separate commissions can choose Advantage Plus.
This account offers spreads from 1.5 pips and zero trading commission, providing a more straightforward way to understand the basic trading cost.
High Leverage
FXTM advertises leverage of up to 1:3000 on the Advantage and Advantage Plus accounts in applicable jurisdictions.
Leverage availability is subject to regulatory requirements and can vary by country, account, instrument, and client classification.
High leverage can significantly increase market exposure and can also lead to rapid losses.
Cent-Based Trading
The Micro account provides a cent-based environment where balances are displayed in USC or EUC.
This can be useful for traders who want to test Expert Advisors or new strategies with smaller monetary exposure.
FXTM Rewards
FXTM offers a rewards programme for eligible clients.
The available benefits and reward levels depend on the account, region, and applicable programme terms.
Trading Tools
FXTM provides access to additional trading tools through its supported platforms.
Its platform information includes Trading Central and FX Blue as plug-in tools, as well as VPS support for forex trading.
Research and Education
FXTM provides free educational material for traders at different experience levels.
Its resources include articles, videos, and other learning material designed to help users understand trading concepts and develop their market knowledge.
Beginner Education
New traders can use the educational resources to learn about subjects such as forex, technical analysis, risk management, trading terminology, and platform functionality.
The Practice account can also be combined with educational material to gain experience before trading with real money.
Market Analysis
FXTM provides market-related information and analytical tools to support traders.
Tools such as Trading Central can provide additional technical-analysis information through supported platforms.
Strategy Testing
The Micro and Practice accounts can be useful for testing trading ideas.
The Micro account is specifically positioned for traders who want to test Expert Advisors or strategies with smaller exposure.
Customer Support
FXTM provides customer support to assist with account, trading, platform, and funding-related questions.
The broker also provides online help resources covering common account and trading issues.
Help Centre
FXTM’s online support centre includes information about account types, deposits, withdrawals, trading conditions, commissions, and platform-related questions.
This gives clients access to self-service information alongside direct customer support.
Regional Services
Because FXTM serves clients through different entities and markets, the available services, payment methods, account types, and support options can differ depending on location.
Clients should therefore review the services available in their country during registration.
Account Opening
Registration
Opening an FXTM account begins with creating a profile through the broker’s online registration process.
Applicants select the account they want and provide the required personal information.
Identity Verification
Clients must confirm their identity as part of the onboarding process.
FXTM’s account-opening procedure includes profile creation, account selection, identity confirmation, and funding.
Additional documentation may be requested depending on the client’s location and regulatory requirements.
Account Selection
Traders can select an account based on their preferred pricing structure and instruments.
For example, Advantage is designed around tight spreads and commissions, Advantage Plus offers commission-free trading, and Advantage Stocks focuses specifically on stock trading.
Funding
Once the account has been approved, clients can make their initial deposit and begin trading.
The minimum deposit depends on the selected account and region.
Deposits and Withdrawals
FXTM provides multiple funding options.
Depending on the client’s location, available methods can include credit and debit cards, bank wire transfers, e-wallets, cryptocurrency, and local payment solutions.
Minimum Deposit
FXTM’s current general funding information lists a $200 minimum initial deposit, although individual account types and regional offerings can have different requirements.
For example, the Micro account currently requires $30/€30, while certain regional accounts can have a $50 starting requirement.
Deposit Processing
Processing times depend on the payment method selected.
Electronic payment methods can often be faster than traditional bank transfers. The exact processing time and available options are displayed according to the client’s region.
Withdrawals
Clients can request withdrawals through their FXTM account.
The broker states that withdrawals can be made using the same payment method used for depositing funds, subject to the applicable conditions.
Third-Party Charges
FXTM states that it does not charge deposit or withdrawal fees, but external providers can impose their own charges.
Traders should check the payment provider’s terms before completing a transaction.
Final Thoughts
FXTM is an established international broker offering access to a broad selection of forex and CFD markets. Its product range includes forex, metals, commodities, indices, cryptocurrencies, stock CFDs, ETFs, and selected cash equities.
One of FXTM’s strongest features is its selection of account types. The Advantage account is designed for traders who want spreads from 0.0 pips and are comfortable paying a separate commission. Advantage Plus takes the opposite approach, offering wider spreads from 1.5 pips without a trading commission.
The Advantage Stocks account is another useful option for clients whose main interest is US stock trading. It provides 1:1 leverage, zero commission, and access to cash-equity trading through MT5.
FXTM review also provides several platform choices. Traders can use the broker’s own mobile application alongside MetaTrader 4 and MetaTrader 5. MT5 is particularly useful for clients who want access to a broader range of instruments, including supported stock and ETF CFDs.
The Micro account is worth considering for traders who want to test strategies with smaller exposure. Its cent-based structure and $30/€30 minimum deposit make it accessible to users who do not want to begin with a larger balance.
Another consideration is leverage. FXTM advertises leverage as high as 1:3000 on selected accounts and in applicable jurisdictions. While high leverage can increase trading flexibility, it also magnifies losses and should be approached carefully.
Funding is another area where FXTM provides flexibility. The broker supports cards, bank transfers, e-wallets, cryptocurrency, and regional payment solutions, although the exact choices depend on the client’s location. FXTM states that it does not charge its own deposit or withdrawal fees, while third-party providers may still apply charges.
Overall, FXTM may be suitable for traders looking for multiple account structures, competitive spreads, commission-free options, established MetaTrader platforms, educational resources, and access to a broad selection of markets. Before opening an account, traders should confirm the FXTM entity available in their country, review the applicable fees and leverage limits, and make sure they understand the risks associated with leveraged trading.
