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.

555

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, ECN, FXTM Pro, ECN Zero, Cent and Standard. 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.

555
pin

Minimum Deposit

$10

pin

Maximum Leverage

1:2000

pin

Spread

Variable and Fixed

pin

Commission

$2

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 $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

555

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.

555

As for FXTM ECN account, FXTM specifically provides it with the following instruments and leverage:


Forex

Forex
1:500

Gold & silver

Gold & silver
1:500

Futures

Futures
1:500


Minimum Deposit $500

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Browser-based platform

555

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.

555

As for ECN account, FXTM specifically provides it with the following instruments and leverage:


Forex

Forex
1:2000

Gold & silver

Gold & silver
1:500


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

555

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.

555

As for FXTM Pro account, FXTM specifically provides it with the following instruments and leverage:


Forex

Forex
1:200

Gold & silver

Gold & silver
1:200


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

555

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.

555

As for ECN Zero account, FXTM specifically provides it with the following instruments and leverage:


Forex

Forex
1:2000


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

555

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.

555

As for Cent account, FXTM specifically provides it with the following instruments and leverage:


Forex

Forex
1:1000

Gold & silver

Gold & silver
1:1000

Futures

Futures
1:1000


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

555

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.

555

As for Standard account, FXTM specifically provides it with the following instruments and leverage:


Forex

Forex
1:2000

Gold & silver

Gold & silver
1:1000

Futures

Futures
1:1000

Cryptocurrencies

Cryptocurrencies
1:3

Payment Methods

555

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.

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.

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.

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.

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.

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.

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.

FXTM also provides payment with YooMoney, UnionPay, Perfect Money, Google Pay, DIXIPAY and Credit/debit cards




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).

555

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:

555

Website Languages

Arabic
Chinese
Czech
English
French
Hindi
Indonesian
Italian
Korean
Malay
Persian
Polish
Russian
Spanish
Thai
Turkish
Urdu
Vietnamese

Office
Support

Email
Support

Call
Support

Chat
Support

Extensive Review

FXCM (Forex Capital Markets) is a brand name of a retail broker for trading on the financial market, especially the foreign exchange market. The broker was founded in 1999 and was originally headquartered in the United States. After a series of lawsuits from customers and case settlements by the US regulator (CFTC), FXCM moved from the US and became a UK-based broker, authorized and regulated by the Financial Conduct Authority (registration number 217689).

During 20 years of experience in the forex industry, there are about 2 million traders choosing Alpari as the broker to trade with. Alpari has a head office on the 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius. The company is regulated in St.Vincent and the Grenadines (the licensed number is 20389 IBC 2012), IFSC Belize (the licensed number is IFSC/60/301/TS/18).

This broker uses MetaTrader 4 and MetaTrader 5, both of which offer great flexibility, charting tools, and an easy-to-use interface. For higher volumes, the company also provides the Alpari International Direct platform which offers enhanced features for advanced investors.

The company offers an array of live trading accounts to choose from. Each one offers different opportunities and allows traders to trade in different ways. All of their accounts use USD, EUR, GBP, and NGN as the options for base currency. But, NGN accounts are only available to clients in Nigeria.

Each kind of account has a different spread. At Standard Account provides spreads from 1.2, the spread of Micro Accounts is from 1.7, and ECN Account and Pro Account have spread from 0.4. A trader can open an account in Alpari and opt to trade currencies (FX majors, FX minors, FX exotics, and FX RUB), spot metals, spot commodities, stock trading, spot indices, and crypto-currencies.

A trader can find out what the minimum spreads, pip value, swaps, and trading session times are for each instrument before start trading. If the trader is still not sure where to begin, they can found the answer in a guide provided by Alpari on their official website.

Their guide to trading is designed to break down the terminologies and answer the most frequently asked questions by traders. A trader will be trading more quickly and with more confidence in no time.

Besides, Alpari offers PAMM (Percent Allocation Management Module) which allows a trader to choose their desirable Account Manager. This allows traders to have a chance in gaining more profit without advanced knowledge of forex trading. These managers usually have a wealth of experience in the markets, with tried-and-tested strategic trading decisions.

This program also gives opportunities for well-seasoned traders to become Strategy Managers. As Strategy Managers, they can use their trading experience and earn more from profitable trades. They have privileged access to Alpari's advanced programs and all the tools they need to cultivate a massive following of investors. The investors then will help Strategy Managers to earn more through commission fees up to 40%.

Their website also provides various Forex Trading Strategies. Because to increase the chance to profit, it's important to know as much about the markets and the trading strategies behind them as possible. Alpari believes that strategies provide traders with a roadmap for trading, reducing panicked decision-making that can occur in the heat of the moment. In other words, trading in Alpari allows traders to learn about any kind of forex trading strategy.

For educational purposes, the company provides Trading Webinars, one of the variants of technology that allows users to hold seminars, talk shows, and discussions online, without having to communicate face to face.

Alpari creates a very convenient funding and withdrawal experience for each trader. A trader can transfer with any kind of methods, such as e-payment (example: FasaPay, Local Transfer, TC Payment, etc), credit cards (Visa, Mastercard, and Maestro), E-Wallet (Neteller, Skrill, VLOAD, TC Pay Wallet, WebMoney, Perfectmoney, Bitcoin), and bank transfer. If there's been no trading activity on the trader account for at least 6 months, an inactivity fee of 5 EUR/USD/GBP will be applied.

All Back office transfers are processed during standard business hours, 03:00-19:00 GMT+2 (GMT+3 during DST), Monday-Friday. If traders still feel confused, they can contact Alpari's team by any method, such as Live Chat, Telegram, or email.




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, Google Pay, Neteller, Perfect Money, QIWI, Skrill, UnionPay, WebMoney, Wire transfer and YooMoney. 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.


Give Your Review and Rate This Broker


These aspects are optional but will determine your review's reliablity


31 Reviews

Charlie
Indonesia
This review is not supported by evidence

Jan 27 2022

So far FXTM has always met my ideal trading conditions, and by far has given me the best experience in the industry. They have moderate spreads for all assets a wide list of instruments. Withdrawals also went on very smoothly, which is surprising for me because at first, I thought this broker might make a fuss about me taking my money. The support team is very responsive and quick!

Vladimir
Singapore
This review is half reliable

Jan 10 2022

One thing I like about FXTM is that they always have an interesting program for their clients. Such as refer a friend, where you can get $50 for each friends. I wonder if there is a limitations to it.

RossetaY
United States
This review is not supported by evidence

Dec 28 2021

I was having issues with withdrawals, but their customer support service is very quick to help me sort out my problems.

Goldilocks
Singapore
This review is not supported by evidence

Dec 16 2021

I don't understand why do they charged me overnight fees although I'm using a commission-based account? Did I misread the terms? However, it still a good broker nonetheles.

Goldandskies
Singapore
This review is not supported by evidence

Dec 7 2021

FXTM is actually a really good broker, but sometimes I find them a little bit complicated. But that could be because I'm still new to trading.

Cinnamon
Singapore
This review is not supported by evidence

Dec 6 2021

If you are looking for online trading, I definitely suggest FXTM. Their fees are moderate and competitive in most assets. Withdrawal is quick and smooth, and they have great customer service.

Saturnlemon
Singapore
This review is not supported by evidence

Nov 25 2021

Really reliable broker. Fees are moderate and competitive, a wide range of assets to trade. Fast withdrawal and most importantly, great customer service support.

Ionut Ciobanu
Romania
Account Number: (15643xxx)
This review is reliable

Nov 24 2021

The broker is rather famous so I won’t say much about the specific trading conditions, special offers, etc. I guess the fact that its quotes are used for reference by many traders around the world when they have doubts about the precision of quotes from some other sources - tells a lot about the company.

In any case, my first acquaintance with the company went very well. the registration process was very simple. I’ve done several trades using MT4 trading platform. So far so good.

Not-a-trader
Argentina
This review is not supported by evidence

Nov 16 2021

Withdrawals come in time, while the support team is responsive and quick. However, I wish they will improve their cTrader, maybe add more settings for automated trading?

EulaL
Singapore
This review is not supported by evidence

Nov 5 2021

I think this is a good broker for beginners like me. Yes, their spread is very high, but it compensate of other feature they offer.

WAHYUDI
Germany
This review is not supported by evidence

Jul 27 2020

I 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
South Africa
This review is not supported by evidence

Jul 27 2020

Pro

  • Deposit and withdraw quickly, can be with a bank transfer through an intermediary site, good in this case

Cons

  • Why does it feel like the spread is high? Even it is not in a state of volatility
  • the profit is also not in accordance with the pips even though there is no swap, I'm confused

Rayner Lkea
France
This review is not supported by evidence

Jul 27 2020

Very 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
Australia
This review is not supported by evidence

Jul 27 2020

Hi 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
South Africa
This review is not supported by evidence

Jul 27 2020

I 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:

  • open close free position (there are no rules for minutes / pips)
  • fast execution
  • depo instant withdrawal
  • fast response from CS / ASM FXTM every time there are obstacles in trading.

So far there is no problem with FXTM in terms of trading, deposit & withdrawal :)

Geoffrey
Pakistan
This review is not supported by evidence

Jul 24 2020

I 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
Singapore
This review is not supported by evidence

Jul 24 2020

Hi, 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
Malaysia
This review is not supported by evidence

Jul 24 2020

Withdrawal 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
Nigeria
This review is not supported by evidence

Jul 24 2020

I think this broker deserves a value of 8, especially for its customer service and WD DEPO services. Success for FXTM

Adriana Nella
Pakistan
This review is not supported by evidence

Jul 24 2020

FXTM 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
India
This review is not supported by evidence

Jul 24 2020

Just 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
Switzerland
This review is not supported by evidence

Jul 24 2020

A little testimonial for FXTM. Yesterday, I withdraw on cent account, in 10 Minutes, the fund already landed on my Fasapay account.

Geekie Boii
Switzerland
This review is not supported by evidence

Jul 24 2020

Thanks 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
Malaysia
This review is not supported by evidence

Jul 24 2020

Excellent support. 2 thumbs up for the FXTM account manager, fast response either by telephone or by email.

Charlie Chiaky
Switzerland
This review is not supported by evidence

Jul 24 2020

I 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
Pakistan
This review is not supported by evidence

Jul 24 2020

I 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
Taiwan
This review is not supported by evidence

Jul 24 2020

FXTM 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
France
This review is not supported by evidence

Jul 24 2020

It 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
France
This review is not supported by evidence

Jul 24 2020

In 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.

Craig Snider
Germany
This post is an inquiry

Apr 11 2020

Is FXTM regulated in the UK?

Vergil
Argentina

Apr 24 2020

Craig Snider: yes. FXTM is regulated by FCA from UK