ForexTime, short for FXTM, is a global online broker that provides access to trading financial instruments, including forex and CFDs.
FXTM allows its traders to access MetaTrader platforms (MT4 and MT5) to ensure familiarity and comprehensiveness for charting and trading. It also developed its own mobile trading app called FXTM Trader for those traders who want the full FXTM trading experience.
Known for its tight spreads, low commissions, and easy access to expert analysis, the broker establishes a strong reputation as a reliable CFD and forex broker.
This TRU Insight offers a deep dive into FXTM broker’s features and reliability, based on a thorough analysis and direct testing by our review experts. With over 10 years of experience analyzing financial markets and providing insights on various service providers, our review experts offer data-driven insights supported by rigorous research.
If you want an unbiased evaluation of the FXTM platform and its overall suitability for traders, explore our expert partner’s take on the CFD and forex broker in this comprehensive FXTM review.
At a Glance: What is FXTM?
Founded in 2011, ForexTime (FXTM) is an excellent CFD and forex broker with regulations from esteemed authorities, including the U.K.’s Financial Conduct Authority (FCA) with a reference number of 777911.
The brokerage company offers access to a diverse range of financial assets, such as cryptocurrencies, forex, and indices. However, some restrictions apply to traders in specific regions.
Catering to over three million traders globally, FXTM places a high focus on providing a secure and efficient trading experience.
A Snapshot of Its Features
Upon testing its platform, our experts identified some notable features of the FXTM trading platform:
| FXTM Minimum Deposit | $200 ($10 for Micro Accounts) |
| Currencies | EUR, USD, GBP, NGN, INR, IDR, CNY, GHS, EGP, TZS, MYR, THB, VND |
| Cryptocurrencies | USDT, BTC, ETH, TRX |
| Tradable Asset Classes | Forex pairs, Metals CFD, Indices CFD, Commodities CFD, Stocks CFD, Crypto CFDs, Bonds CFD, ETFs CFD |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), FXTM Trader App, WebTrader (MT4 and MT5) |
| Regulated Regions | Cyprus, South Africa, United Kingdom, Kenya, Mauritius |
| Bonuses | Referral bonus, Welcome Back, and other promotional bonuses. |
| Restricted Areas | USA, Japan, Canada, Mauritius, Iran, Haiti, the Democratic People’s Republic of Korea, Suriname, the Occupied Area of Cyprus, Puerto Rico, Iraq, Quebec, Syria, Belarus, Cuba, Myanmar, India, and Russia |
Our Experts’ Take on FXTM Features
As part of a transparent evaluation of the CFD and forex broker, our review experts tested the FXTM trading platform and rated the following features:
Regulation: 5/5
Upon checking ForexTime’s regulations, our experts found that the broker is regulated in several countries. Below is a list of their respective regulations:
| Jurisdiction | Regulatory Authority | License Number |
| United Kingdom | Financial Conduct Authority (FCA) | 777911 |
| Cyprus | Cyprus Securities and Exchange Commission (CySEC) | 185/12 |
| South Africa | Financial Sector Conduct Authority (FSCA) | 46614 |
| Mauritius | Financial Services Commission (FSC) | C113012295 |
| Kenya | Capital Markets Authority (CMA) | 135 |
Our experts also found that, due to regulatory restrictions, FXTM does not offer services in several countries, including the United States of America, Japan, and Canada.
Account Types and Fees: 4.8/5
Upon analyzing the broker’s platform, our experts found several different account types tailored to various commission structures, the number of equities, and trading principles.
Below is a list of the different account types that you can choose from after going through the FXTM login:
FXTM Demo Account
One of the best features of the CFD and forex broker is that it includes a demo account for traders to test its platform. The FXTM demo account serves as a risk-free environment for practice and learning.
Advantage Account
This account type best suits active traders who prefer commission-based trading with lower costs.
Commissions for this account type are charged per lot traded, with specifics varying by asset class.
For more detailed information regarding its costs, our experts summarized the FXTM account’s fees:
| Lot Traded | $3.5 per lot traded |
| Spot Metals | $25 per million notional (assuming a $2,000 gold price) |
| Index CFDs and Commodity CFDs | $35 per million notional (assuming a $10,000 notional value) |
| Cryptocurrency CFDs | 0.07% of the notional value |
Our experts also found that spreads start at 0.0 pips for major forex pairs. Typical FXTM spreads are around 0.0 to 1.5 pips, depending on market conditions.
Advantage Plus Account
This FXTM account offers tight spreads without commissions. It is ideal for traders seeking simplicity in fees.
While there are no commission fees for this account type, it does have wider spreads available from 1.5 pips.
According to our expert’s research, FXTM clients based in the United Kingdom are restricted to only Advantage and Advantage Plus live accounts.
Micro (Beginner) Account
Similar to the Advantage Plus account, the Micro account does not have any commission. However, this account type has wider spreads, with a minimum spread of 1.5 pips.
Stocks Account
Traders typically opt for this account type if they trade over 600 cash equities.
Islamic Account
This FXTM account is designed for individuals who adhere to Islamic finance principles, offering swap-free trading.
It features swap-free trading, but traders may incur fees beyond 7 days for some instruments.
Related: Hala Forex Trading: Is Islamic Trading Permissible in 2025 – TradersUnited
Fees, Costs, and Commissions: 4.7/5
Upon reviewing the broker’s platform, they noted a wide range of fees applied within the broker’s platform. Below is a summary of these fees:
Inactivity Fee
FXTM charges an inactivity fee if a trader remains inactive on the platform for three months or more. However, this fee occurs if there is a positive balance on a trader’s account.
Swap Fees
Upon testing the platform, our experts learned that swap fees for forex, metals, commodities, and indices vary per instrument.
Below is a preview of these fees:
- Forex: For this instrument, swap rates are expressed in pips per lot (or 100,000 units of the base currency). Its fees are also based on interest rate differentials.
- Spot Metals: Swap fees are credited in a manner similar to that of forex and depend on whether the position is short or long.
- Index and Commodity CFDs: Swap charges are calculated based on a specific formula or a percentage of the product value.
- Swap-Free Trading Islamic Accounts: These FXTM accounts are designed to be swap-free. They do not incur any interest charges. Instead, traders may incur a fixed fee depending on the trade direction.
Platform Bonuses: 4.9/5
Upon checking their bonus system, our experts found the following bonuses offered by the CFD and forex broker:
Refer a Friend Program
FXTM’s Refer a Friend program offers a referral bonus for the referrer.
Here’s how it works: When a friend signs up using the referral link and makes a deposit, the referrer earns up to $50 in Reward Points for each individual.
Welcome Back Trading Credit
Each user can earn 20% credit on $100 to $500 deposits ($100 max) for Advantage accounts. However, these credits must be converted via trading within 60 days.
Trading Contests and Regional Promotions
FXTM trading promotion and contests are designed for traders to have fun while showing off their trading skills.
It offers these bonuses to give users an opportunity to earn extra on their returns. They also use these bonuses to reward customers for their loyalty.
Although terms and conditions apply if you wish to take part in these contests, cash prizes and recognition are available for those who wish to compete in global forex trading contests.
When it comes to their regional promotions, users get specific deposit bonuses and trading rebates for their participation.
Account Setup: 3.9/5
Based on our expert partner’s experience, the account sign-up process was not immediate. It requires the submission of additional documents for identity verification and proof of address.
The application can be placed on hold due to this requirement, and a support ticket may be necessary for the customer service agent to request further verification of your professional status.
The process will be prolonged further if confusion arises concerning email addresses, taking around another week.
Once your account verification at FXTM is successful, the funding process can be done with ease.
Deposits and Withdrawals: 4.8/5
FXTM accepts withdrawals and deposits in major currencies, including USD, EUR, and GBP. In terms of cryptocurrencies, they accept Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and TRON (TRX).
FXTM Deposit
The forex and CFD broker also facilitates currency deposits for different countries, depending on the locally available payment methods.
When depositing funds, the FCA mandates an appropriateness assessment to determine the account leverage.
When depositing through a debit card, our experts note that the process is instantaneous, and users can view the confirmation of funds immediately on the website and trading platform.
Users will also receive an email that acknowledges the deposit, which will remain pending until payment verification is completed. Upon successful verification, traders will be able to withdraw their funds.
FXTM Withdrawal
When testing FXTM’s withdrawal ease, our experts note that processing times for cards are the same business day, while wire transfers take several days.
Once initiated, the funds are immediately withdrawn from the trading account, and traders will also receive an email confirmation.
If there are no verification delays or any additional information required, the funds will be returned to the original payment source, typically on the next business day.
Tools and Resources: 4.9/5
FXTM offers a range of trading platforms designed to meet the diverse needs of traders. MT4 and MT5 provide a stable trading experience thanks to their robust backend servers, while the FXTM Trader app offers the convenience of mobile accessibility. If you need a no-download training solution, FXTM also offers WebTrader.
When examining the broker’s platform, our experts found that FXTM provides its users with an extensive suite of trading tools, such as:
- Webinars and seminars
- Video tutorials and E-books
- Trading tools (e.g., economic calendar and a signal center powered by Acuity)
- Educational content (e.g., beginner guides, glossary)
- Community engagement through forums and social media
- Copy trading with FXTM Invest
On one hand, our experts note that certain aspects of their educational content require updates.
BEWARE: Fake FXTM Broker Website
News reports last February 2025 warned against a fraudulent website that uses FXTM’s logo.
According to our experts’ research, clients of FXTM have discovered a website that uses the same style as the broker, entirely using its brand falsely to commit fraud.
The company claims no affiliation with the aforementioned fraudulent website. It also urges users to remain extremely vigilant and avoid clicking on suspicious links.
Is FXTM the Broker for You?
Overall, FXTM broker offers traders a well-rounded trading experience on their platform. It is an ideal choice for traders who value regulation and good trading conditions.
The ease of withdrawing and depositing funds is a standout feature, particularly due to its user-friendliness.
However, our experts note that prospective users should be prepared for possible delays in the verification process, which primarily affects users based in the United Kingdom.
It’s also worth noting that ForexTime relies on a contact form rather than direct phone support or live chat. As a result, extended resolution times occur for account-related issues.
Nonetheless, the CFD and forex broker offers an impressive range of trading tools and platforms, along with a competitive trading environment.
If you want to learn more in-depth insights on brokers like FXTM, you can join millions of expert traders in the discussion at CommuniTrade.
FAQs
Is FXTM safe?
FXTM is regulated by several top-tier financial authorities, including the U.K.’s Financial Conduct Authority (FCA) and South Africa’s Financial Sector Conduct Authority (FSCA).
Client funds are also segregated from FXTM’s operational funds to ensure their safety and to uphold FXTM’s adherence to regulatory bodies.
Which assets and instruments can you trade with FXTM?
ForexTime offers a wide range of tradable instruments, which include:
- 47 forex pairs
- 3 spot metal CFDs
- 13 commodity CFDs
- Over 600 stock CFDs
- 17 cryptocurrency CFDs
- 18 indices CFDs
The availability of these assets varies by region. Please note that trading restrictions on certain assets may be in place due to local regulations.
Is FXTM good for beginners?
ForexTime allows you to access forex markets and buy and sell orders using their trading platform. It is an excellent broker for active traders, beginners, scalpers, and those who value strong regulatory oversight and risk management.
Learn How You Can Benefit from Trading with FXTM
ForexTime offers a comprehensive trading platform with strong regulatory oversight, making it a popular choice among traders who prioritize security and robust platform features.
Learn the benefits that you can reap from trading with this CFD and forex broker at CommuniTrade. With our professional trading guidance and expert-crafted educational resources, you can make informed decisions in your trading, including whether FXTM aligns with your trading goals.
Gain deeper insights into the FXTM platform by exploring real user experiences from TradersUnited’s verified trading community. Join millions of traders in the discussion now!
