FTXM review in English
Logo betterworldbroker.com

FXTM review

8 / 10

"Trade FX, cryptocurrencies, gold, oil, indices and stocks with tight spreads, fast execution and cash rebates; min accont from 10$, free demo-account"

All trading involves risk. Only risk capital you’re prepared to lose.
FXTM review
All content on name-of-the-site.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate.

Currently there are several brokers to start operating in the financial markets. One of the best known is FXTM. This broker offers different products and has several features. In this article we analyze each of them in order to develop a description of FXTM in English that will give you clarity about this broker option. If you have ever looked for "FXTM reviews" this is the ideal place. Let's get started.

FXTM, also known as "ForexTime", is an established broker since 2011. FXTM has grown rapidly in recent years and has a corporate structure of three entities that coincide with its three trading bases: United Kingdom, Cyprus and Mauritius.

FXTM allows its clients to trade Forex currency pairs and crosses, including some commodities such as gold, silver, crude oil and natural gas. Investors can also trade all major stock indices, and some cryptocurrencies and CFDs. FXTM also allows for direct stock trading, where the investor takes direct legal ownership of the stock by buying it, just as a traditional stockbroker does.

FXTM: main features

FXTM: How to start?

The main priority to consider when choosing a new Forex / CFD broker is which assets it can trade. Many newer traders will be looking to trade a single asset class, such as Forex, or CFDs on individual stocks and shares, but more experienced traders will probably be looking for diversification, i.e. a wide choice of Forex, commodities, shares, etc.

It is important to mention that FXTM also offers different instruments depending on the investor's country of residence. FXTM offers the following trading instruments:

- Forex: over 57 currency pairs, from common to less frequently used.

- Commodities: some like natural gas or oil.

- Metals: This category according to many investors is one in itself, i.e. separate from Forex and Commodities. At FXTM you can trade gold and silver.

- Equity Indices: A selection of 11 developed country indices and some developing country indices.

- Kryptom currencies: 4 kryptom currencies that are paired with the dollar, such as Bitcoin, Ethereum, LiteCoin and Ripple. Note: FXTM offers cryptomoney trading through Exinity Limited - instruments offered are based on your country of residence.

- Index and Commodity CFDs (FTSE, DAX, Nasdaq, etc.)

- CFD shares (Apple, BP, Google, etc.).

FXTM about
FXTM about

How to open an account on FXTM? FXTM demo?

The account opening process with FXTM is quite simple and fast. You can expect to have your account open and ready within two days of the start of the account opening process. Clients only need to navigate through a few screens where they submit some details and choose the type of account they wish to register for.

It should be noted that FXTM cannot accept new clients residents of the US, Canada, Hong Kong, among others.

In addition to providing personal and account details, new customers must verify their identity and provide proof of their place of residence, as is customary. The process is fully digitized and quite agile.

It only takes a few minutes to register.

There are three types of account available at FXTM:

  • Micro
  • Advantage
  • Advantage Plus

You can read more about them below.

FXTM account type
FXTM account type

FXTM: Security

Another important point when choosing a broker is the issue of security. Let's see how FXTM is doing on this point.

FXTM enjoys an extremely high and very strong level of regulation in several jurisdictions. It is based in three different countries, with three different corporate branches to combine.

ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission under licence number CIF 185/12, and licensed by the Financial Sector Conduct Authority (FSCA) of South Africa under FSP number 46614.

The company is also registered with the UK's Financial Conduct Authority under number 600475. Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority, firm reference number 777911.

Exinity Limited (www.forextime.com) is also regulated by the Financial Services Commission (FSC) of the Republic of Mauritius with an Investment Dealer's License number C113012295.

FXTM: Available training

In the world of investing in the financial markets it is important to know the learning and training platforms, whether the investor is new or experienced.

FXTM's educational offerings for investors are very attractive and didactic.

In the FXTM education section, subsections are divided into e-books, Forex trading seminars, Forex webinars, a Forex glossary, What is Forex? - A guide for beginners in forex trading and a "Periodic Table" which is basically a glossary of trading terms built in an unusual and fun style.

An overview of what these materials are like. The eBooks are a series of certified technical analysts. The seminars are real life meeting events that took place in different parts of the world. And, the webinars are, of course, virtual and are held in a variety of languages and are scheduled at a rate of approximately three per week in several languages.

The guides for beginners are very useful for any investor who is starting out, however the books for investment strategies are also advanced and provide very good material for more experienced investors.

FXTM : trading platforms

FXTM offers a variety of trading platforms. Desktop and laptop users can choose between Metatrader 4 and Metatrader 5. These are the quintessential trading platforms with an excellent reputation.

Downloading FXTM is almost synonymous with using these mentioned platforms. Metatrader 5 is available for download on desktop or laptop computers, but not for small screen users, who will need to continue with Metatrader 4. Both versions of Metatrader are easy to navigate and include shortcuts that make opening and/or closing trades fast and straightforward.

Metatrader 5 offers the following additional benefits to those provided by Metatrader 4:

- Improved number of order execution types (4 versus 3).

- MT5 has an editing function for trades as well as a larger number of pending orders available.

- There is a significantly higher number of technical indicators (38 versus 30), chart objects (44 versus 31) and time frames (21 versus 9).

- MT5 also incorporates an economic calendar.

- MT5 also has an intriguing community chat function, which allows traders to communicate with each other.

- Mobile device users can take advantage of the Metatrader 4 application, which is available in a format suitable for Android and iOS devices.

MT4 Webtrader is also available for use on PCs and MACs. This is a free web-based software version. This means that traders can simply login and start trading, there is no need to download anything first.


Spreads and commissions

FXTM commission rates are relatively low for Forex traders and are around the industry average for CFD trading. With online trading account options, commissions can be as low as 0.1 points. With the standard account, spreads start a little higher, but remain very competitive.

In this respect, FXTM is a good provider for trading.

Please note that spreads are floating and may increase during specific periods of the day depending on market conditions.

It is also important to mention that FXTM may incur some additional charges. For example, there is an inactivity fee, which means that if your account is not used for a period of time, a charge is applied. Among other things, everything can be checked before you register.


Leverage rates may vary depending on the transaction being considered. Remember that leverage is the amount FXTM places in the markets for every dollar you invest, you may invest 1 dollar and the broker may place 30.

For most major Forex pairs, the leverage is set at 1:30. These include trading with major pairs such as EUR/USD (the most common pair of all). This is a level imposed by ESMA regulation and is the same for most regulated brokers.

For less frequently traded pairs (lower Forex pairs), the leverage is set at 1:20. Such pairs include EUR/AUD, NZD/USD, AUD/CAD, EUR/NOK, EUR/PLN and USD/SGD.

The leverage for metals is as follows: 1:20 for XAU/EUR, XAU/GBP and XAU/USD. For XAG/EUR and XAG/USD, the leverage is 1:10.

Commodities: 1:10 leverage is offered on US crude oil as a spot commodity.

A leverage of 1:5 is offered on US CFD stocks.

Please note that leverage is not automatically agreed. FXTM will agree on the leverage based on individual experience, past trading history, degree of customer loyalty and certain other factors.

Customer service

For most customers, customer service will not be a major problem. That said, it's comforting to know that if you need help, you can quickly reach someone competent who will take responsibility for solving the problem you have.

FXTM's customer support has a good reputation, in part because it is a well-regulated global Forex / CFD brokerage firm, as well as the multilingual customer service options with native-speaking agents.

FXTM customer support is available 24 hours a day, Monday through Friday.

Investors can contact a representative from different departments in various international locations by email or phone. Live chat is also available.

FXTM has support centres with a respective dedicated focus in China, India, Indonesia, Malaysia, Nigeria, South Korea and Thailand.

FXTM minimum deposit and withdrawals

Talking about FXTM minimum deposit is very valid as many people have this doubt. Actually starting to trade in the financial markets is as simple as investing USD 10.

It is important to note that the amount of investment can be, but is not always, related to profit potential. It is also possible to practice with the FXTM demo as long as you need to.

FXTM does not impose additional fees on any deposit beyond what the deposit mechanism can charge.

FXTM supports a wide range of deposit and withdrawal methods. The most notable channels are Neteller, Skrill, Western Union and WebMoney. All major credit cards are also accepted and bank transfers can also be used.

FXTM withdrawals
FXTM withdrawals

Withdrawals can be made using the same methods. In practice, withdrawals must be made through the same channels through which deposits are made, which is a common practice applied by almost all retail Forex/CFD firms.

Unfortunately, FXTM charges a withdrawal fee for most withdrawal options. The most notable fees average around USD 3 per credit card withdrawal and around USD 20 for bank transfers.

Below are the minimum deposits for FXTM accounts:

Account currency USD / EUR / GBP
Standard account 100 ( $ / € / £ )
Cent Account 10 ( $ / € / £ )
Shares 100 ( $ / € / £ )
ECN 500 ( $ / € / £ )
ECN Zero 200 ( $ / € / £ )
FXTM Pro 25,000 ( $ / € / £ )
Investment account 100 ( $ / € / £ )
FXTM Deposits
FXTM Deposits


In this article we have talked about FXTM, FXTM minimum deposit, FXTM demo, how to download FXTM, among many others. You can clearly see what type of broker this is and what options it has to offer you.

The best thing is to make an informed decision and that is what we have done in this article, providing you with the information you need to choose the broker that best suits your needs and goals in the short and long term. Remember that investing in financial markets carries risks, which can be reduced by making smart investments backed by technical knowledge and experience.

Pros and cons FXTM

FXTM's strengthsover its competitors are: FXTM's weaknesses:
Wide range of training materials; withdrawals are periodically delayed;
the ability to use automated trading software; only the deal copying service is offered for investing;
wide range of trading accounts. the speed of response from the support team is not the best;
no trading on Saturday or Sunday;
PAMM account system is missing or underdeveloped.
Easy to use
10 / 10
9 / 10
Minimizing Fees
8 / 10
Customer support
7 / 10
10 / 10
Build-in Analytics
9 / 10
Slow Customer Support
Country Restrictions
Broker: FXTM
Founded in: 2011
Minimum deposit: 10$
Demo account: Free
Commissions & fees: 0.5-2%
Regulation: CySEC, FCA
Types of Trading:
Stocks and CFD on stocks
CFD on commodities
CFD on stock indices
Visit official website
Broker’s statistic
Broker: FXTM
Founded in: 2011
Minimum deposit: 10$
Demo account: Free
Commissions & fees: 0.5-2%
Regulation: CySEC, FCA
Types of Trading:
Stocks and CFD on stocks
CFD on commodities
CFD on stock indices