FXTM Review: Is FXTM a Safe Broker for Your Trading?

This FXTM review covers regulation, fees, platforms and bonuses, so you can judge whether the broker suits your trading style before you open an account.

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FXTM overview

FXTM, also known as ForexTime, is a forex and CFD broker established in 2011. It is headquartered in Mauritius, where the head office is operated by Exinity Limited, 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius. The broker is listed in our profile as an ECN/STD broker, which means it offers more than one execution model depending on the account you choose.

FXTM is traded publicly, and its website is available in English, Chinese, Indonesian, Vietnamese, Thai, Malaysia, Arabic and several other languages. That range makes it easier for traders in different regions to find the information they need in their own language.

Regulation and safety

Regulation is the first thing we check with any broker. FXTM operates through several entities, and each one is licensed by a different authority. Based on the registration details we have, the group is supervised as follows:

• FXTM (ForexTime) Limited is authorised by CySEC in Cyprus, registration no. 185/12.
• FXTM (ForexTime) Limited is also authorised by the FSCA in South Africa, registration no. 46614.
• FXTM (ForexTime) UK Limited is authorised by the FCA in the UK, registration no. 777911.
• FXTM (ForexTime) Exinity Limited is authorised by the FSC in Mauritius, registration no. C113012295.

Having several regulators is a positive sign, but it also means that the entity you open an account with determines which rules protect you. Check which company is named in your client agreement and confirm its licence on the regulator's own register before you deposit.

FXTM states that client funds are segregated, which means they are held separately from the company's operating money. Segregation does not remove trading risk, but it is one of the standard protections traders look for. Ask the broker to confirm the details for your specific entity and account type.

Account types

FXTM offers a range of account types designed for different traders. According to our research, the broker provides:

• A free demo account, so you can practise without risking real money.
• Mini accounts for traders who want to start with smaller position sizes.
• VIP accounts for more experienced or higher-volume clients.
• Islamic accounts, which are swap-free and designed for clients who cannot pay or receive swap.
• Swap-free accounts for other clients who prefer not to pay overnight swap charges.
• Managed accounts, where the trading is handled by a professional manager.

The minimum deposit is 200, and accounts can be funded in USD, EUR or GBP. Before you choose an account type, read its conditions carefully, because spreads, commissions, leverage and available features can differ between them.

Trading platforms

FXTM supports the MetaTrader family of platforms, which are widely used by retail traders. The available options are:

• MT5 for PC
• MT4 for PC
• MT4 Web Trader
• MT4 for Multi Terminal
• MT5 for Android, MT5 for iPhone and MT5 for iPad
• MT4 for Android, MT4 for iPhone and MT4 for iPad

Web trading and mobile trading are both available, so you can manage positions from a browser or a phone. If you are moving from another broker, check that your preferred Expert Advisors or indicators work on the platform version you plan to use.

Markets, spreads, fees and leverage

FXTM gives access to a broad set of markets, including forex currencies, commodities, indices, stocks, bonds, futures, exchange stocks and exchange-traded funds. This is useful if you want to diversify beyond currency pairs in a single account.

Spreads at FXTM start from 0.0 pips. Spreads are not fixed, however. They widen and narrow with market conditions, and they can rise sharply during news releases or low-liquidity hours. The advertised minimum is a starting point, not a guarantee of what you will pay on every trade. Commissions, if any, depend on the account type, so compare the full cost of trading rather than the spread alone.

Maximum leverage is 1:500. Leverage this high can magnify losses as well as gains. Leverage available to you may also be lower depending on your country of residence and the account you hold. Trading forex and CFDs on leverage carries a high risk of losing money, and you should only trade with funds you can afford to lose.

FXTM allows hedging and scalping, and news trading is also permitted. These rules matter if you use strategies that open several positions at once or trade around economic releases.

Deposits and withdrawals

FXTM accepts deposits by bank wire, debit and credit card, Skrill, Neteller, OKPay, Payza, Western Union Quick Pay, FasaPay, China UnionPay and several other methods. Withdrawals can be made through the same list of options. Processing times, fees and limits depend on the method and your country, so check the current details in your client area before you request a payment.

When you withdraw, the most reliable approach is usually to use the same method you deposited with. Keep records of your transactions, and make sure your account is fully verified so that withdrawals are not delayed.

Bonuses

FXTM currently lists two promotions. The welcome offer is a 30% First Time Deposit Bonus, and there is also a 30% Forex Deposit Bonus. FXTM does not offer a no-deposit bonus.

Bonuses can look attractive, but they usually come with conditions such as trading volume requirements, withdrawal restrictions or expiry dates. Bonus terms can change, so always read the full conditions on the broker's official website before you deposit. If you do not understand a term, ask the support team to explain it in writing.

Customer support

FXTM's website is available in several languages, which is helpful for non-English speakers. The exact support channels, opening hours and response times are not covered in the details we have, so we cannot describe them in detail here. Check the contact section of the official website, and test the response quality with a simple question before you fund your account.

Pros and cons

Pros

• Regulated by several authorities, including the FSC, FCA, CySEC and FSCA.
• Client funds are stated to be segregated.
• Low minimum deposit of 200.
• Spreads from 0.0 pips on eligible accounts.
• Leverage up to 1:500, where permitted.
• Wide choice of MetaTrader platforms across PC, web and mobile.
• Multiple account types, including Islamic, swap-free, mini, VIP and managed accounts.
• Free demo account for practice.
• Hedging, scalping and news trading are allowed.
• Many deposit and withdrawal methods.

Cons

• Leverage of up to 1:500 carries a high risk of rapid losses.
• Spreads are variable, so the advertised minimum may not reflect actual trading costs.
• Available leverage and conditions can depend on your country and account type.
• No no-deposit bonus is offered.
• Bonus conditions can be complex and may change.
• Support details are not covered in our summary, so they should be checked directly.

Verdict

FXTM is a established forex and CFD broker with a clear regulatory structure, a low minimum deposit, a