FXTM is a well-established broker since 2011. FXTM has headquarters in Belize, Cyprus, Mauritius, South Africa and United Kingdom. They are generally well-suited for FXTM to provide their Forex/CFD trading services to global clients.
This broker has also been regulated by CySEC 185/12, FCA (UK) 777911, FSC (Mauritius) C113012295 and FSCA (South Africa) 46614.
Company Information
Website
www.forextime.com
Established
2011
Country
Belize, Cyprus, Mauritius, South Africa and United Kingdom
Regulation
CySEC 185/12
FCA (UK), 777911
FSC (Mauritius), C113012295
FSCA (South Africa), 46614
Features
Bonus offers
Trading contests
Free education
Personal manager
Trading by telephone
Segregated accounts
Affiliate program
Islamic accounts available
Account Information
Apart from the forex demo account, this broker offers FXTM ECN, Standard, Cent, ECN Zero, FXTM Pro and ECN. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by FXTM is up to 1:2000. Meanwhile, you can open an account with a starting capital of $10
If you want to look for a more simple explanation regarding this broker's account type(s), take a loot at the following chart:
Minimum Deposit
$10
Maximum Leverage
1:2000
Spread
Variable and Fixed
Commission
$2
Minimum Deposit $500
Minimum Position 0.01 lot
Spread Variable
Scalping
Expert Advisors
Hedging
Overnight interest rates (swaps)
Trailing stop
Pending orders
One-click trading
Browser-based platform
Instruments Traded
Besides lots of currency pair, FXTM also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil and Futures for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for FXTM ECN account, FXTM specifically provides it with the following instruments and leverage:
Minimum Deposit $100
Minimum Position 0.01 lot
Spread Variable
Scalping
Expert Advisors
Hedging
Overnight interest rates (swaps)
Trailing stop
Pending orders
One-click trading
Browser-based platform
Instruments Traded
Besides lots of currency pair, FXTM also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Futures and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Standard account, FXTM specifically provides it with the following instruments and leverage:
Minimum Deposit $10
Minimum Position 0.01 lot
Spread Fixed
Scalping
Expert Advisors
Hedging
Overnight interest rates (swaps)
Trailing stop
Pending orders
One-click trading
Browser-based platform
Instruments Traded
Besides lots of currency pair, FXTM also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil and Futures for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Cent account, FXTM specifically provides it with the following instruments and leverage:
Minimum Deposit $200
Minimum Position 0.01 lot
Spread Variable
Scalping
Expert Advisors
Hedging
Overnight interest rates (swaps)
Trailing stop
Pending orders
One-click trading
Browser-based platform
Instruments Traded
Besides lots of currency pair, FXTM also offers some instruments you would like to trade on, such as Forex for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for ECN Zero account, FXTM specifically provides it with the following instruments and leverage:
Forex
1:2000
Minimum Deposit $25000
Minimum Position 0.01 lot
Spread Variable
Scalping
Expert Advisors
Hedging
Overnight interest rates (swaps)
Trailing stop
Pending orders
One-click trading
Browser-based platform
Instruments Traded
Besides lots of currency pair, FXTM also offers some instruments you would like to trade on, such as Forex, Gold & silver and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for FXTM Pro account, FXTM specifically provides it with the following instruments and leverage:
Minimum Deposit $500
Minimum Position 0.01 lot
Spread Variable
Scalping
Expert Advisors
Trailing stop
Pending orders
One-click trading
Browser-based platform
Instruments Traded
Besides lots of currency pair, FXTM also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for ECN account, FXTM specifically provides it with the following instruments and leverage:
Forex
1:2000
Gold & silver
1:500
Payment Methods
Bitcoin : As a payment method, Bitcoin is reliable for its low cost and quick process. Brokers have been integrating Bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity. Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts.
FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
QIWI : Qiwi is an e-wallet or electronic payment service provider from Rusia that is introduced in 2007. The service is mainly used by individuals and businesses in Russia, Ukraine, Kazakhstan, Moldova, Belarus, Romania, the US, and the UAE.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
FXTM also provides payment with Credit/debit cards, DIXIPAY, Perfect Money, UnionPay and Yandex.Money
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, FXTM offers you MetaTrader 4 (Limited with 60 days) and MetaTrader 5 (Limited with 30 days).
Customer Support
Do you have any question or find any trouble related to FXTM? If you do, you should reach FXTM's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office
Support
Email
Support
Call
Support
Chat
Support
Extensive Review
FXTM was initially launched in 2011 with a unique vision to provide unparalleled superior trading conditions. Opening an account in FXTM would also bring about access to advanced education and sophisticated trading tools in the forex industry.
Now, FXTM is registered under the Financial Conduct Authority of the UK with the number 600475. The company is also regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, and is licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614
FXTM has 1 million registered accounts with more traders joining every day. The company continually tries to improve their performance and have got many awards such as Best Trading Experience 2019 by World Finance Awards, Best Online Forex Trading Company Nigeria 2018 by International Finance Awards, Reputable Investor Education Forex Broker Award 2018 by Hexun.com, Forex Brand Of The Year China 2018 by Fxeye.Com, and many more.
As a responsible broker, they determine leverage (expressed as a ratio of transaction size relative to trader's buying power) according to the trader's level of knowledge and experience in trading, which is evaluated by the Appropriateness Assessment. The company also enables trading with leverage up to 1:1000.
As for spreads, FXTM offers low spreads starting from 0.1 pip, so traders can withdraw profits at the start of trading. The company, which has headquarters in several countries, uses No Dealing Desk (NDD) technology and partners with credible liquidity providers to provide the best bid and ask prices.
For beginners, there is an automatic trading facility called algorithmic trading provided. When trading in FXTM, traders can develop their trading strategy or adopt other traders' strategies. Furthermore, the strategy is applied to automated trading systems, such as Expert Advisors. The purpose of this system is traders do not have to worry about losing opportunities while not observing the market so that profits can still be earned.
Three types of ECN accounts use the MT4 and MT5 trading platforms. There are also mobile and Tablet Apps trading platforms. Aside of providing many account variants, FXTM goes above and beyond to ensure that their client receives excellent support that they deserve, making their trading experience optimal and user-friendly.
FXTM also provides a diverse range of products. In addition to over 50 currency pairs, they provide gold, silver, CFD on commodity futures (oil), CFD on ETFs, and indices.
Education about the basic concepts of the forex industry is also accessible in this broker. Traders can read all the concepts provided in the form of e-books, video tutorials, articles, webinars, and forex seminars. There are 17 languages provided on the FXTM website to make it easier for traders to learn about forex.
Traders are also given various choices for payment methods, including Credit Cards (Visa, Mastercard, Maestro) and E-Wallet (Neteller, Skrill, Western Union). For withdrawing funds, traders are not charged a fee with a length of 2 hours to 2 days. Traders can live chat to ask further questions and contact the admin via email. There is also a question and answer page about forex trading on FXTM.
FAQ About FXTM
Is FXTM a good broker?
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if FXTM is a good broker for you or not by reviewing the criteria. In general, FXTM provides trading service in Forex , Gold & silver , CFD , Oil , Futures and Cryptocurrencies . As for the payment methods, you can choose between Bitcoin, Credit/debit cards, DIXIPAY, FasaPay, Neteller, Perfect Money, QIWI, Skrill, UnionPay, WebMoney, Wire transfer and Yandex.Money. The customer support is available via Callback, Email, Live chat, Office, Phone and Web form.
What is the minimum deposit for FXTM?
The starting capital in FXTM is $10.
Is FXTM regulated?
FXTM is regulated by CySEC 185/12, FCA (UK) 777911, FSC (Mauritius) C113012295 and FSCA (South Africa) 46614. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
Is FXTM legit?
FXTM is a brokerage company offering trading services for clients since 2011 with offices in Belize, Cyprus, Mauritius, South Africa and United Kingdom.
WAHYUDI
Jul 27 2020I registered with fxtm with the name wahyudi
then fxtm agreed to verify my KTP with the name wahyudi
then I deposited with perfectmoney with the name wahyudi
then I traded, and I after there was a slight profit
I want to withdraw
BUT!!! when I want to withdraw, fxtm refuses to verify my perfectmoney named wahyudi, they deliberately refuse to verify my perfectmoney, so my money can't be withdrawn, fxtm refuses with a variety of unreasonable reasons.
be careful trading with fxtm, this broker is Fraud! Fxtm never intends to pay.
Dianne
Jul 27 2020Pro
Cons
Rayner Lkea
Jul 27 2020Very disappointed when trading on fxtm, the candlestick chart is not the same as the default mt4 chart.
Because of that, I got hit by an MC. It's not about the money, it's about trust. Please improve your service immediately. I only trade a small amount yet still cheated. Can't imagine if I deposit a big amount of money. My... my...
Sicilia RZ
Jul 27 2020Hi admin, I am new to forex and try to open a demo account on FXTM.
I find it very useful, they provide a forex video tutorial for a newbie like me. thank you FXTM.
Jay
Jul 27 2020I trade with 2 brokers, one of them is FXTM. I have been trading on FXTM for 1 year, a little of my experience on the FXTM ECN account:
So far there is no problem with FXTM in terms of trading, deposit & withdrawal :)
Geoffrey
Jul 24 2020I just traded on fxtm but it was very disappointing.
I took the GBP position, early in the morning the price dropped dramatically to 1.20209.
I check my account on another broker, it hits the take profit. Which made me feel weird because on fxtm the price is up to 1.14677, so my account was negative. When I calculated, my account balance supposed to still strong, but in reality, my account is in minus.
Jeanice Goi
Jul 24 2020Hi, just want to share about MT4 trading on fxtm, it's been around 7 months and during that time, I've never experienced freeze on its mt4. Nice job. And for my account manager, thanks for the support
Mary
Jul 24 2020Withdrawal in fxtm via fasapay is very fast! Like cooking an instant noodles XD
For those who don't like to wait, withdrawal in fxtm is very recommended
Hardy Tn
Jul 24 2020I think this broker deserves a value of 8, especially for its customer service and WD DEPO services. Success for FXTM
Adriana Nella
Jul 24 2020FXTM is not the only broker I use, but I could say that this is the best. When NFP released, my account at another broker is crashed, it couldn't be executed. There was a completely dead, just can't log in. like how to trade news :)
but on the contrary, my FXTM ECN platform is still running normally even in a hectic market condition. FXTM ECN account is very reliable for scalping.
Halim K
Jul 24 2020Just a little experience, for those who like Scalping, ECN accounts on fxtm is recommended. It has a fairly low spread and execute on MT4 very fast. This is what I like.
Pretchavvan Sajmanoo
Jul 24 2020A little testimonial for FXTM. Yesterday, I withdraw on cent account, in 10 Minutes, the fund already landed on my Fasapay account.
Geekie Boii
Jul 24 2020Thanks God, cent accounts at FXTM are gradually growing. I'm using FXTM Cent accounts including Nano (can open 0.01 positions and maximum OP to 300 open positions) is not bad for those who use EA
John M
Jul 24 2020Excellent support. 2 thumbs up for the FXTM account manager, fast response either by telephone or by email.
Charlie Chiaky
Jul 24 2020I traded on FXTM for 6 months with an Ecn Zero account with a leverage of 1: 1000.
My experience using Ecn Zero: fast execution, stable server, spreads starting from 0.5
I rarely encounter requotes and slippage on FXTM. Overall, FXTM is good for me.
Rommel Djay
Jul 24 2020I have accounts at 4 brokers, one of them at FXTM. At FXTM, I use an ECN account because I can use any technique there. I am satisfied with the very fast execution and spread on FXTM ECN is relatively small. FXTM is recommended in terms of support, MT4 platform, and spreads
Linda Silverstein
Jul 24 2020FXTM broker is quite good in my opinion, specifically for customer support and my account manager who has been very helpful to me when there are problems with my account. thanks FXTM
Gerdino Jacqueille
Jul 24 2020It turns out that FXTM has many types of accounts: ECN, Standard, ECN Zero, Strategy, Pro Account, etc. There are many trading and investment instruments such as forex, precious metals, Stock CFDs, ETF CFDs and Commodity CFDs. Its trading features are easy and very helpful, for example, free of swaps and without commissions and without any hospitalization fees or fees except for very small spreads.
A few months ago I traded with a capital of USD 400, and within 1 month I reached a profit of up to USD 16,000. Again, I also really experience FXTM, this international broker based in Cyprus is very responsible and takes into account the interests of its clients and traders.
Yesterday morning, I was shocked that gold fell and the account had lost USD 1,368.80 due to Error Quotes. But in the afternoon, I got an email from the FXTM Compliance Dept. and a number of illicit loss (forbidden and undesirable losses) that I suffered turned out to get compensation in the form of compensation a refund of USD 1,368.80.
This is very impressive, and this is the first time I've experienced it. Thanks FXTM. Proficiat for new offices in the UK. GBU.
Sigit W
Jul 24 2020In real trading, I often experience Slippage, and there is always a widening of the spread, for example in GBP / USD the spread often widens to 60-70. And I have experienced it myself. I hope this will be useful info for other traders. Regards.