FXTM (Forex Time) offers spot, futures [1:3000 maximum leverage] and copy trading to more than 1M users. Forex Time Broker has received 45 awards for no other reason than features such as zero spreads, 1000+ tradable assets, and the Proprietary FXTM Trader App.
FXTM Company Information & Regulation
FXTM, established in 2011, has quickly become a major player in the global forex and CFD trading landscape. Headquartered in Mauritius, FXTM has expanded its reach to serve clients in over 150 countries worldwide. However, this company has only one regulation, which is:
- The Financial Services Commission (FSC) of Mauritius
In past years, ForexTime received regulations from the UK FCA, CySEC Cyprus, and FSCA South Africa, all of which have now expired. This company has performed poorly and inappropriately in this field because its only license is from an offshore regulator that is not very reliable.
All client funds are held in segregated accounts across all entities. FXTM provides negative balance protection for retail clients and offers Lloyd's of London insurance coverage of up to $1 million on balances exceeding $20,000 for clients under the Exinity Limited entity.
Summary of Specifications
Let's take a closer look at what FXTM forex broker brings to the table and get to know this brokerage:
Broker | FXTM |
Account Types | Advantage, Stocks Advantage, Advantage Plus |
Regulating Authorities | FSC |
Based Currencies | USD/ EUR/ GBP |
Minimum Deposit | $200 |
Deposit Methods | FasaPay, TC Pay, M-Pesa, VISA, MasterCard, Maestro, Google Pay, GlobePay, Skrill, PayRedeem, Perfect Money, Neteller, Bank Wire Transfer |
Withdrawal Methods | FasaPay, TC Pay, M-Pesa, VISA, MasterCard, Maestro, Google Pay, GlobePay, Skrill, PayRedeem, Perfect Money, Neteller, Bank Wire Transfer |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:3000 |
Investment Options | Copy Trading |
Trading Platforms & Apps | MT4, MT5, FXTM Trader App |
Markets | Forex, Stocks, Indices, Commodities, Cryptocurrency, Metals |
Spread | From 6 Cents in ADVANTAGE STOCKS, From 0.0 Pips in ADVANTAGE, From 1.5 Pips in ADVANTAGE PLUS |
Commission | Varies by Account |
Orders Execution | Market Execution |
Trading Features | Swap Free Account, 1:3000 Maximum Leverage, Copy Trading, Proprietary FXTM Trader App |
Affiliate Program | Yes |
Bonus & Promotions | Loyalty Program, Referral Program, Deposit Bonus |
Islamic Account | Yes |
PAMM Account | No |
Customer Support Ways | Live Chat, Phone Call, Email |
Customer Support Hours | 24/5 |
Restricted Countries | USA, Mauritius, Japan, Canada, Haiti, Iran, Suriname, Democratic People's Republic of Korea, Puerto Rico, Occupied Area of Cyprus, Quebec, Iraq, Syria, Cuba, Belarus, Myanmar |
FXTM stands out with its diverse range of trading instruments, competitive spreads, and high leverage options. The broker caters to both novice and experienced traders with its variety of account types and comprehensive educational resources.
What are FXTM Account Types? Full Comparison
This broker offers 3 account types [ADVANTAGE STOCKS, ADVANTAGE, ADVANTAGE PLUS] to suit different trading styles and experience levels; FXTM Account Types:
Specifics | ADVANTAGE STOCKS | ADVANTAGE | ADVANTAGE PLUS |
Minimum Deposit | $200 | $200 | $200 |
Spreads | From 6 Cents | From 0.0 Pips | From 1.5 Pips |
Commissions | 0 | $3.5 Per Lot for Forex 0.05% for Cryptocurrencies $0.02 For Stock CFDS | 0 |
Trading Instrument | Stocks | Forex Pairs, Metals, Indices, Commodity, Cryptocurrency, Stocks | Forex Pairs, Metals, Indices, Commodity, Cryptocurrency, Stocks |
Order Execution | Market Execution | Market Execution | Market Execution |
Base Currency | USD | USD/ EUR/ GBP | USD/ EUR/ GBP |
Max Leverage | 1:1 | 1:3000 | 1:3000 |
Margin Call | - | 80% | 80% |
Stop Out | - | 50% | 50% |
Swap Free | - | Yes | Yes |
All FXTM accounts can be converted to swap-free (Islamic) accounts upon request and benefit from fast execution speeds, especially under the Advantage structure.
FXTM Pros and Cons
Like any broker, FXTM has its strengths and weaknesses. Let's break them down to see what it got:
Advantages | Disadvantages |
Wide Range of Trading Instruments | Improper Performance in The Regulatory |
Competitive Spreads and Low Commissions | Limited Cryptocurrency Offerings |
Advanced Trading Platforms (MT4, MT5) | Higher Minimum Deposits in Comparison with Other Brokers |
Excellent Educational Resources | No US Clients Accepted |
Multiple Account Types to Suit Different Traders |
FXTM Broker Sign Up: Complete Tutorial for Traders
Opening a trading account with FXTM (ForexTime) takes only a few minutes and offers flexible verification via email, SMS, or Whats App. The platform ensures a secure onboarding process for traders worldwide.
#1 Access the FXTM Registration Form
Visit the official website and click “Open Account” to launch the signup process.
#2 Enter Personal Details on FXTM
Fill in your first and last name, country, mobile number, email, and create a secure password (8–20 characters, including letters, numbers, and symbols).
#3 Verify Your Email in FXTM
Choose your preferred method (Email, SMS, or WhatsApp), request the PIN code, and enter it into the form. Once verified, check the terms box and click “Register Now.”
4# FXTM Verification
To completely verify your account, access the KYC or Verification section from your profile, then upload the required documents, like a passport and proof of address, and wait for the approval.
What Platforms are Available on FXTM?
This broker supports the world's most popular trading platforms, MetaTrader 4and 5. In addition to these two, it is also possible to trade on mobile with this broker's application, FXTM Trader App; Forex Time Trading Platforms:
- MetaTrader 4 (MT4): The industry-standard platform, known for its user-friendly interface and extensive customization options.
- MetaTrader 5 (MT5): An advanced version of MT4, offering more timeframes, indicators, and the ability to trade a wider range of markets.
- FXTM Trader App: FXTM's proprietary mobile app, allowing traders to manage their accounts and trade on-the-go.
All platforms come with advanced charting tools, multiple order types, and the ability to automate trading strategies using Expert Advisors (EAs).
FXTM Forex Broker Spreads and Commissions Overview
FXTM offers competitive spread and commission across its account types; FXTM Spread and Fees:
Specifics | ADVANTAGE STOCKS | ADVANTAGE | ADVANTAGE PLUS |
Spreads | From 6 Cents | From 0.0 Pips | From 1.5 Pips |
FX Commission | 0 | $3.5 Per Lot | 0 |
Metals Commission | 0 | $25 Per Million Notional | 0 |
Indices Commission | 0 | $35 Per Million Notional | 0 |
Cryptocurrency Commission | 0 | 0.05% of Notional Value | 0 |
Stock Commission | 0 | $0.02 Per Side, $0.01 Minimum Commission | 0 |
These competitive rates, combined with fast execution speeds, make FXTM an attractive option for both casual and high-volume traders.
What Deposit & Withdrawal Methods on FXTM?
FXTM offers more than 10 deposit and withdrawal methods, including VISA and MasterCard; Forex Time Payment Methods:
- FasaPay;
- TC Pay;
- M-Pesa;
- VISA;
- MasterCard;
- Maestro;
- Google Pay;
- GlobePay;
- Skrill;
- PayRedeem;
- Perfect Money;
- Neteller;
- Bank Wire Transfer.
Most deposits are processed instantly, while withdrawals are typically processed within 24 hours. FXTM does not charge fees for deposits, but some withdrawal methods may incur a small fee.
Copy Trading & Investment Options
FXTM offers a robust copy trading program called FXTM Invest. This allows less experienced traders to automatically copy the trades of successful strategy managers. FXTM Copy Trade Features:
- Low minimum investment ($100)
- Ability to follow multiple strategy managers
- Real-time tracking of strategy performance
- Flexible allocation of funds
This program provides an excellent opportunity for beginners to learn from experienced traders while potentially earning returns.
What Instruments and Assets are Tradable on FXTM?
More than 1000 assets and 6 Markets are tradable on FXTM.
FXTM Instruments:
- Forex: Over 50 currency pairs;
- Stocks: CFDs on shares from major global markets [Facebook, Apple, Alibaba, etc];
- Indices: Major global stock indices Such as Dow Jones;
- Commodities: Crude Oil, Brent Oil, Natural Gas and more;
- Cryptocurrencies: Bitcoin, Ethereum, and other major cryptos;
- Metals: Gold and Silver.
This wide selection allows traders to diversify their portfolios and take advantage of opportunities across different markets.
FXTM Forex Broker Bonuses
While FXTM occasionally offers promotions, they focus more on providing value through competitive trading conditions and excellent service rather than flashy bonuses. Current promotions include:
- Loyalty Program: Earn points for trading activity, which can be exchanged for trading credit;
- Referral Program: Earn rewards for referring new clients to FXTM;
- Deposit Bonus: $30 deposit bonus for all traders.
Always check the terms and conditions of any promotion before participating.
Support
At FXTM Review, we found that 24/7 support is not available; However, Forex Time's experts are available 24 hours a day from Monday to Friday. FXTM support:
- 24/5 support via live chat, email, and phone;
- Support available in multiple languages;
- Extensive FAQ section and help center.
What Countries are Restricted from FXTM Services?
Due to regulatory restrictions, FXTM cannot accept clients from certain countries, including:
- USA;
- Mauritius;
- Japan;
- Canada;
- Haiti;
- Iran;
- Suriname;
- North Korea;
- Puerto Rico;
- Occupied Area of Cyprus;
- Quebec;
- Iraq;
- Syria;
- Cuba;
- Belarus;
Always check the most up-to-date information on FXTM's website for the current list of restricted countries.
Trust Scores & Reviews
FXTM has garnered positive reviews from traders and industry experts alike:
- Trustpilot: 3.3/5 from over 800+ reviews;
- ForexPeaceArmy: 2.1/5.
These average scores on Trustpilot and FroexPeaceArmy reflect FXTM's advantages and disadvantages that needs to be taken care of.
Educational Resources on FXTM Broker
FXTM excels in its educational offerings and name it “KNOWLEDGE HUB”; in this section Forex Time Broker provides:
- Comprehensive video tutorials
- Regular webinars on various trading topics
- E-books and articles covering trading strategies and market analysis
- Demo accounts for risk-free practice
These resources make FXTM an excellent choice for traders looking to improve their skills and knowledge.
FXTM in Comparison with Others
Let's compare the FXTM features with those of other brokers; FXTM Comparison:
Parameter | FXTM Broker | |||
Regulation | FSC | FSA, CySEC, FCA, FSCA, CBCS, FSC, CMA | FCA, FSCA, CySEC, SCB | FSA, CySEC, ASIC |
Minimum Spread | 0.0 Pips | 0.0 Pips | Varies based on Account | 0.0 Pips |
Commission | Variable | From $0.2 to USD 3.5 | Varies based on Account | Average $1.5 |
Minimum Deposit | $200 | $10 | $100 | $200 |
Maximum Leverage | 1:3000 | Unlimited (Subject to account) | 1:500 | 1:500 |
Trading Platforms | MT4, MT5, FXTM Trader App | Exness Trade (mobile), Exness Terminal (web), MT4, MT5 | MT4, MT5, cTrader, Web Trader, Mobile App | MT4, MT5, cTrader, cTrader Web, IC Markets Mobile |
Account Types | Advantage, Stocks Advantage, Advantage Plus | Standard, Standard Cent, Pro, Raw Spread, Zero | Standard, Pro, Raw+, Elite | Standard, Raw Spread, Islamic |
Islamic Account | Yes | Yes | Yes | Yes |
Currency Pairs | 62 | Over 100 | 200 | 861 |
Number of Tradable Assets | Over 1000 | 500+ | Not specified | Not specified |
Trade Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market |
Trading Finder Conclusion and final words
FXTM offers 3 account types [ADVANTAGE STOCKS, ADVANTAGE, ADVANTAGE PLUS] with $0 commission and supports more than 10 payment methods. Beside these, it offers copy trading, $30 deposit bonus and comprehensive educational resources. But on the other hand, Forex Time has $200 minimum deposit and no US clients are welcomed in this broker.