FXTM Broker Review 2025

Last Updated: January 2025

8.5 / 10

Overall Rating

8 / 10

Investment Offering

9 / 10

Trading Platforms

8 / 10

Deposit & Withdrawal

9 / 10

Research & Education

9 / 10

Commissions & Fees

9 / 10

Regulation & Security

Investment Offering

Market and Instruments: ForexTime (FXTM) offers a broad range of investment instruments catering to both beginner and advanced traders. The broker provides access to several key markets, including:

  • Forex: FXTM is primarily known for its forex trading services, offering more than 60 currency pairs. This includes major pairs such as EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs like USD/TRY and EUR/PLN.
  • Commodities: Traders can access CFD trading on a variety of commodities, including precious metals like gold (XAU/USD) and silver (XAG/USD), as well as energy products like oil (WTI and Brent Crude).
  • Indices: FXTM offers CFDs on major global indices, allowing traders to speculate on the performance of stock market indices such as the S&P 500, NASDAQ 100, FTSE 100, and DAX 30.
  • Stocks: The broker provides access to a wide range of CFDs on global stocks from major exchanges, including the NYSE and NASDAQ. This includes popular stocks like Apple, Google, and Facebook.
  • Cryptocurrencies: FXTM offers cryptocurrency trading through CFDs, including Bitcoin (BTC/USD), Ethereum (ETH/USD), Ripple (XRP/USD), and Litecoin (LTC/USD), allowing traders to speculate on crypto market movements without owning the actual assets.
  • ETFs: FXTM provides trading on a selection of ETFs, allowing traders to gain exposure to various sectors and markets through CFD contracts.

Asset Classes & Trading Types: FXTM primarily offers Contracts for Difference (CFDs) on its various asset classes. This allows traders to speculate on price movements without owning the underlying assets. The broker also provides spot trading for forex.

  • Leverage: Leverage at FXTM varies depending on the asset class and the trader's region. For forex trading, leverage can go up to 1000:1 for professional clients, while retail clients are typically limited to 30:1 in regions like Europe due to regulatory restrictions.

Notable Features:

  • Copy Trading: FXTM offers a copy trading feature known as FXTM Invest, which allows clients to automatically copy the trades of experienced traders. This is particularly beneficial for beginners who want to follow successful strategies.
  • Advanced Trading Tools: FXTM provides a range of advanced trading tools, including technical indicators, risk management tools, and detailed market analysis, which enhance the trading experience.

Commissions & Fees

Commission Structure: FXTM offers different account types with varying fee structures to cater to different trading styles:

  • Standard Account: This account type offers commission-free trading with variable spreads. Spreads for major forex pairs like EUR/USD typically start from 1.3 pips.
  • Cent Account: Designed for beginners, the Cent Account also features commission-free trading with variable spreads, which can be slightly wider than those on the Standard Account.
  • ECN Account: This account offers tighter spreads starting from 0.1 pips with a commission of $4 per lot per side. It is ideal for more experienced traders who prefer lower spreads.
  • ECN Zero Account: Similar to the ECN Account but with no commission fees, though spreads are slightly wider, starting from 1.5 pips.

Specific Spread Examples:

  • EUR/USD: On the ECN account, spreads can start from 0.1 pips with a $4 commission per round turn (100,000 units).
  • Gold (XAU/USD): Spreads on gold typically start from around 0.5 pips on the ECN account.
  • Cryptocurrencies: Cryptocurrency spreads vary, with Bitcoin spreads typically around $20-$30, depending on market conditions.

Additional Fees:

  • Overnight (Swap) Fees: FXTM charges swap fees for positions held overnight. These fees vary depending on the asset and the direction of the trade (long or short).
  • Inactivity Fees: The broker charges an inactivity fee of $5 per month after six months of no trading activity.
  • Withdrawal Fees: Withdrawal fees depend on the method used. For example, bank transfers may incur a fee of up to $30, while e-wallets generally have lower fees or are free.

Fee Comparison Summary: FXTM’s fee structure is competitive, particularly for traders using the ECN accounts, which offer low spreads with reasonable commissions. The commission-free accounts are suitable for less frequent traders, though spreads are wider compared to ECN accounts.

Region

Account Type

Commission Structure

Additional Fees

Global

Standard

Commission-Free, Spreads from 1.3 pips

Swap Fees, $5/month Inactivity Fee

Global

ECN

$4 per round turn, Spreads from 0.1 pips

Swap Fees, $5/month Inactivity Fee

Global

ECN Zero

Commission-Free, Spreads from 1.5 pips

Swap Fees, $5/month Inactivity Fee



Deposit & Withdrawal

Supported Methods: FXTM supports a wide variety of deposit and withdrawal methods, ensuring flexibility and convenience for traders:

  • Bank Transfers: Available globally, with processing times typically between 3-5 business days.
  • Credit/Debit Cards: Visa, Mastercard, and Maestro are supported, offering near-instant processing with minimal or no fees charged by FXTM.
  • E-Wallets: Popular e-wallets such as Skrill, Neteller, and WebMoney are supported, providing fast and fee-free transactions.
  • Cryptocurrency Wallets: FXTM supports cryptocurrency deposits and withdrawals, catering to clients who prefer using digital currencies.

Minimum Deposit Requirements: Minimum deposit requirements vary by account type:

  • Standard Account: $100 minimum deposit.
  • Cent Account: $10 minimum deposit, ideal for beginners.
  • ECN Account: $500 minimum deposit.
  • ECN Zero Account: $200 minimum deposit.

Withdrawal Processing Times:

  • Bank Transfers: Typically 3-5 business days, depending on the region and bank.
  • Credit/Debit Cards: 1-3 business days.
  • E-Wallets: Usually processed within 24 hours.

Conditions & Limitations:

  • Withdrawal Limits: No specific limits on withdrawal amounts, but traders should be aware of potential third-party fees depending on the payment method.
  • Frequency: Withdrawals are processed daily, with no restrictions on the frequency, allowing traders to access their funds as needed.

Trading Platforms

Platform Offerings: FXTM offers several trading platforms to cater to the different needs of traders:

  • MetaTrader 4 (MT4): A widely used platform known for its reliability and user-friendly interface. MT4 supports automated trading with Expert Advisors (EAs), advanced charting tools, and over 50 technical indicators.
  • MetaTrader 5 (MT5): The successor to MT4, MT5 offers additional features like more timeframes, advanced order types, and an integrated economic calendar. MT5 is suitable for traders seeking a more comprehensive trading environment.
  • FXTM Trader: FXTM's proprietary mobile app, designed for trading on the go. The app offers real-time quotes, charting tools, and full account management functionality.
  • WebTrader: Both MT4 and MT5 are available as web-based platforms, allowing traders to access their accounts from any browser without the need to download software.

Platform Features:

  • Charting Tools: Both MT4 and MT5 offer advanced charting tools, multiple timeframes, and a variety of technical indicators.
  • Order Types: The platforms support a range of order types, including market, limit, stop-loss, and trailing stop orders.
  • Algorithmic Trading: Both platforms support automated trading strategies through EAs on MT4 and MT5’s built-in algo trading capabilities.
  • Risk Management Tools: Features like one-click trading, margin calculators, and stop-loss orders are available across all platforms.

User Experience and Reliability: FXTM’s platforms are known for their stability and reliability, with fast execution speeds and minimal downtime. The user experience is intuitive, making the platforms accessible to both beginners and experienced traders.

Research & Education

Educational Resources: FXTM provides a comprehensive range of educational resources tailored to traders of all levels:

  • For Beginners: The broker offers a wealth of video tutorials, webinars, and articles that cover the basics of forex trading, platform usage, and risk management.
  • For Advanced Traders: Advanced resources include in-depth webinars on technical analysis, trading psychology, and sophisticated trading strategies. FXTM also offers market insights and analysis from seasoned professionals.
  • Webinars & Seminars: Regular webinars cover various topics, from introductory trading concepts to advanced market analysis. FXTM also hosts occasional seminars for in-depth learning.

Research Tools:

  • Market Analysis: Daily and weekly market reports are provided, covering key markets like forex, commodities, and indices. These reports offer insights into market trends, potential trade setups, and economic events.
  • Economic Calendar: Integrated into the platforms, the economic calendar highlights significant economic events and their potential impact on the markets.
  • Third-Party Research: FXTM integrates with Autochartist, offering automated technical analysis and market scanning tools.

In-House Analysis: FXTM produces regular in-house analysis, focusing on both technical and fundamental aspects of the market. This research is valuable for traders looking to stay informed on market developments and potential trading opportunities.

Mobile Trading

Mobile App Features: FXTM’s mobile trading apps offer full-featured access to the markets, allowing traders to manage their accounts and execute trades from anywhere:

  • Charting Tools: The mobile apps include robust charting capabilities with multiple timeframes, drawing tools, and various technical indicators.
  • Order Execution: Supports various order types, including instant execution, limit orders, and stop-loss orders.
  • Account Management: Traders can monitor their portfolios, view account balances, and manage funds directly from the mobile app.
  • Notifications: Push notifications are available for price alerts, order execution, and other important account events.

User Experience: The mobile apps are designed with a user-friendly interface, making them accessible for traders of all experience levels. They mirror the functionality of the desktop platforms, ensuring a seamless trading experience across devices.

Regulation & Security

Regulatory Bodies: FXTM is a well-regulated broker, holding licenses from several top-tier financial authorities:

  • United Kingdom: Regulated by the Financial Conduct Authority (FCA), providing strong investor protections, including segregated client funds.
  • Cyprus: Regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring compliance with European financial regulations.
  • South Africa: Regulated by the Financial Sector Conduct Authority (FSCA), offering additional oversight for clients in Africa.
  • Mauritius: Regulated by the Financial Services Commission (FSC), providing a regulatory framework for international clients.

Investor Protection Schemes:

  • United Kingdom: Clients are covered under the Financial Services Compensation Scheme (FSCS), which provides protection up to £85,000.
  • Europe: Clients under CySEC regulation are protected up to €20,000 through the Investor Compensation Fund (ICF).
  • South Africa and Mauritius: These regions do not offer specific compensation schemes, but FXTM ensures that client funds are held in segregated accounts.

Platform Security: FXTM employs several security measures to protect client funds and personal data:

  • Encryption: All data is encrypted using SSL technology, ensuring secure communication between clients and the broker.
  • Two-Factor Authentication (2FA): Available on trading platforms to add an extra layer of security.
  • Segregated Accounts: Client funds are held in segregated accounts with top-tier banks, ensuring they are not used for the broker’s operational activities.

Contracting Entity: FXTM operates different entities depending on the region:

  • United Kingdom: ForexTime UK Limited.
  • Cyprus: ForexTime Limited.
  • South Africa: ForexTime Limited (FXTM) is authorized by the Financial Sector Conduct Authority (FSCA).
  • Mauritius: Exinity Limited.