1. Broker Overview
FXTM (ForexTime), established in 2011 and headquartered in Cyprus, is renowned for its competitive trading conditions and extensive educational resources. Over 1 million people worldwide have chosen FXTM, and thousands of new traders continue to jump on board each month. We serve a global audience from over 150 countries, with a global network of offices, spanning Europe, Africa, and Asia.
Regulation & Licensing
- FCA
- FSC
- CySEC
- FSCA
Target Audience
Suitable for both beginner and advanced forex traders.
2. Trading Platforms & Tools
- Platforms:
- MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
- FXTM Trader App – Proprietary mobile platform
- Features: Robust charting, one‑click trading, automated trading via Expert Advisors.
3. Account Types & Trading Conditions
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| Account Type | Minimum Deposit | Spread | Commissions | Instruments |
|---|---|---|---|---|
| Advantage Stocks | $200 | From 0.6 pips | Zero | Stocks |
| Advantage | $200 | From 0.0 pips | $3.5 per lot traded on FX | FX, Spot Metals, Index CFDs, Commodities Cryptocurrency, Stocks CFDs (only MT5), ETFs (only MT5) |
| Advantage Plus | $200 | From 1.5 pips | Zero | FX, Spot Metals, Index CFDs, Commodities Cryptocurrency, |
| Stocks CFDs (only MT5), ETFs (only MT5) |
Trading Conditions:
- Variable spreads, flexible lot sizes, and leverage up to 1:1000 (subject to regional restrictions).
4. Tradable Instruments
- Forex: Extensive selection of currency pairs
- Commodities: Gold, oil, silver (via CFDs)
- Indices & Cryptocurrencies: Offered through CFD trading
- Metals
- Stocks
5. Deposits & Withdrawals
- Methods: Bank transfers, credit/debit cards, e-wallets (Skrill, Neteller)
- Processing Times: Fast deposits (especially via e‑wallets); withdrawals processed within 1-3 business days
- Fees: Generally low fees; specifics depend on the payment method.
6. Regulation & Security
- Regulation: Adherence to FCA, CySEC, and FSCA standards
- Security Measures: Client funds are held in segregated accounts with SSL encryption and additional safeguards.
7. Customer Support
- Availability: 24/5 via live chat, email, and phone
- Languages: Multilingual support including English, Arabic, Russian, etc.
8. Education & Research
- Resources: Webinars, trading tutorials, video courses, and a comprehensive demo account
- Market Analysis: Daily updates, economic calendars, and technical analysis
9. Bonuses & Promotions
Offers: Welcome bonuses and seasonal promotions may be available, subject to regional regulations and T&C’s.
10. User Experience & Reputation
- Strengths:
- Intuitive MT4/MT5 interfaces
- Transparent pricing and competitive execution
- Weaknesses:
- Some users note occasional withdrawal speed issues
11. Pros & Cons Summary
Pros:
- Extensive regulation ensuring high security
- Multiple account types to suit diverse trading needs
- Rich educational and research content
- Flexible deposit and withdrawal options
Cons:
- Withdrawal processing times can occasionally lag
- Bonus offers vary by region and may have strict terms
12. Final Verdict & Rating
FXTM offers a robust and educational trading environment suitable for traders at all experience levels. Its strong regulatory background and diverse account options make it a dependable choice in the forex market.
Category
Rating
Regulation & Security
Trading Conditions
Platforms & Tools
Deposits & Withdrawals
Education & Research
Customer Support
Overall Score
4.7 / 5
Recommended For:
Traders valuing robust education, diversified account options, and high regulatory standards.