General Overview
ForexTime, broadly referred to as FXTM, operates as a globally recognized online broker. Its initial objective was to create top-tier trading conditions, deploy advanced technology, and provide thorough learning opportunities for traders around the world. Over the course of its development, FXTM has become a reputable figure in the industry, delivering a wide range of solutions suited to beginners and experienced players alike. While the broker’s main emphasis is on Forex and CFDs (Contracts for Difference), it has substantially diversified its offerings to include stocks, indices, commodities, precious metals, and cryptocurrencies, in addition to other products.
An aspect that notably distinguishes FXTM from various rivals is its unrelenting push for innovation. The firm systematically refines its trading platforms and tools to remain in tune with the latest market demands, thus allowing clients to take advantage of sophisticated functionality in their trading endeavors. Users of FXTM can access multiple account types, each specifically designed around distinct financial aims, trading tactics, and levels of expertise. Whether one is in the process of refining skills on a cent account or undertaking high-volume transactions on an ECN or pro account, FXTM endeavors to uphold a transparent and reliable trading ecosystem.
At the same time, FXTM underscores customer support as paramount, providing multilingual help across different communication channels to ensure queries are resolved promptly. Concurrently, FXTM devotes significant resources to developing trader-focused educational content, offering written tutorials, video lessons, regular webinars, and on-location workshops, thereby enhancing users’ understanding of financial markets and related trading methodologies.
For newcomers unsure about risking actual capital, it is advisable to begin with a demo account, which offers a risk-free trial run of FXTM’s platform. When you are prepared to transition to real-money trading, consult the guide on opening an account, which sets out the sign-up procedure, verification steps, and compliance obligations.
Displayed below is a succinct table outlining the essential elements of FXTM as a broker:
Because of these features, FXTM has built a name for itself as a trustworthy broker in the global financial market, consistently enlarging its clientele and extending its service range to cater to numerous trading preferences.
Pros
- High leverage options (up to 1:2000)
- Multiple regulatory licenses
- Competitive pricing on commission-based accounts
- Variety of payment methods and local banking solutions
- Advanced MetaTrader upgrades and proprietary FXTM Trader app
Cons
- Spreads are higher on commission-free accounts
- Inactivity fee after six months
- Withdrawal fees for some methods
Regulation: CySEC (Cyprus) - FCA (UK) - FSCA (South Africa) - FSC (Mauritius) - CMA (Kenya)
Alongside fulfilling various regulatory rules, FXTM also incorporates negative balance protection, ensuring that a trader’s losses never go beyond their deposited account balance. Such a safety net is particularly critical when markets become extremely volatile, preventing traders from incurring debts beyond the funds they have deposited. The firm’s dedication to openness is additionally shown through its frequent updates to customers, such as notifications about risk and any necessary changes to trading requirements, equipping them with the information to make sound trading judgments. By merging prompt communication with multiple layers of security, FXTM fosters a sense of confidence in its brand and continuously places user interests at the center of its endeavors.
Is FXTM Regulated?
FXTM holds an array of regulatory accreditations across multiple domains, signifying its commitment to abiding by stringent regulatory frameworks. Authorized and supervised by the Cyprus Securities and Exchange Commission (CySEC) under license 185/12, FXTM can render investment services throughout the European Economic Area (EEA). In addition, the broker is overseen by the Financial Conduct Authority (FCA) in the UK, well-known for demanding strict ethical and transparency standards along with safeguarding client capital. Beyond that, FXTM is recognized by the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Commission (FSC) in Mauritius, illustrating its promise to uphold best practices and maintain public trust across international markets.
Is FXTM safe?
Security is a high-level consideration for traders of every kind, and FXTM has implemented numerous measures to establish a protected trading environment. By observing the separation of client funds and company finances, FXTM safeguards users’ capital in case of business-related setbacks. Further, the broker performs rigorous compliance activities required by its regulators, including consistent financial scrutiny and assessments. FXTM also relies on cutting-edge encryption and secure transaction processes to keep personal and monetary data away from unauthorized access. Taken as a whole, these elements render FXTM a reliable alternative for individuals seeking an environment that combines stability and security in a brokerage service.
MetaTrader 4 (MT4) | MetaTrader 5 (MT5) | FXTM Trader (Proprietary mobile app)
Visit PlatformsAll of FXTM’s platforms stand out by blending real-time analytics and market data, allowing for immediate reactions to changing conditions. These platforms accommodate differing trading styles, from swing-based strategies to algorithmic or high-frequency approaches. Traders who lean on automated solutions will note that Expert Advisors (EAs) can be smoothly implemented on both MT4 and MT5, and their performance can be tested historically. On top of that, FXTM routinely refines its internet-based and mobile interfaces, installing newer functionalities, ensuring robust security patches, and delivering superior charting resources, ultimately elevating the trader’s experience across devices.
MetaTrader 4
MetaTrader 4 (MT4) is universally acclaimed as a definitive forex platform thanks to its user-friendly arrangement, an extensive set of analytical instruments, and compatibility with algorithmic trading via EAs. FXTM’s application of MT4 provides multi-window charts, diverse timeframes, and a large variety of technical gadgets, all of which can be adapted based on individual trader requirements.
MetaTrader 5
As the subsequent generation of MT4, MetaTrader 5 (MT5) encompasses expanded timeframes, more robust analysis capabilities, and extras like a unified economic calendar. MT5 is additionally structured to facilitate trading in equities and other assets, rendering it appropriate for investors seeking to manage a broader range of instruments. With FXTM’s MT5, traders can also anticipate swift order processing and advanced partial fill guidelines.
FXTM WebTrader
For those preferring a web-based alternative, FXTM WebTrader can be accessed from many devices without requiring a local software installation. Despite being purely browser-dependent, it features robust charting functionalities, precise real-time updates on prices, and comprehensive order management. This solution suits individuals who switch between devices or do not wish to download client software.
Mobile Trading App
In a market setting that moves around the clock, FXTM’s mobile applications for iOS and Android enable traders to manage accounts and track price changes wherever online connectivity is present. These apps include customizable push alerts, charting systems, and immediate trade executions, ensuring that ephemeral opportunities do not slip away.
Instruments: 60 Forex pairs - 8 Commodities - 21 Index CFDs - 802 Equity CFDs - 639 US-listed stocks
By offering a wide variety of marketable assets, FXTM draws traders intent on constructing flexible portfolios and leveraging interconnections among diverse sectors of the financial realm. For instance, a currency-focused participant might offset a commodity risk scenario by taking a position in precious metals or crude oil, while an equity-focused CFD enthusiast might take hedge positions in index CFDs to minimize the sway of macroeconomic conditions. This breadth caters to distinct time horizons, from day-traders to buy-and-hold investors. Additionally, FXTM supplements these choices with an educational suite explaining how each financial instrument operates, enabling users to grasp inter-market relationships more thoroughly.
Forex Currency Pairs
FXTM supplies a broad catalogue of 50+ forex pairs, spanning major, minor, and more specialized listings. This approach empowers traders to reach beyond standard pairs and look for opportunities in unique or volatile markets. Prime pairs like EUR/USD, GBP/USD, and USD/JPY remain top picks, though others such as EUR/GBP or AUD/NZD can also be attractive under certain trading strategies.
Spot Metals
Gold and silver are frequently the metals of choice for investors seeking a haven or aiming to shield against unpredictable market shifts. Through FXTM, these precious metals are traded under CFD protocols, thereby granting adjustable leverage and the possibility to hold either long or short positions, aligned with current sentiment.
Equity and Commodity CFDs
Market operators curious about stocks or raw materials find ample selection in FXTM’s CFD range, which includes popular companies and key commodities without the burden of outright ownership. By using these contracts, traders can speculate on price shifts in assets like technology giants or widely traded energy sources, potentially delivering a hedge or an expansion of their overall portfolio.
Cryptocurrencies
In light of rising interest in digital currencies, FXTM accommodates trading in major crypto assets—like Ethereum, Bitcoin, and Litecoin—through CFDs. This arrangement means traders can exploit crypto’s price movement without the usual complexities of wallet management or specialized crypto exchanges, all within the regulatory oversight and protective measures provided by a licensed broker.
Indices
Indices comprise a mix of equities that exemplify the market health or performance within certain sectors or entire exchanges. FXTM covers many well-known indices, including the NASDAQ 100, S&P 500, FTSE 100, and DAX 30, letting users take stances on broad market direction. Index trading appeals to those who prefer evaluating overarching economic trends rather than focusing on single firms or small segments.
Finding the right account type with FXTM hinges on variables such as personal finances, background, and the trading approach. A demo account can initially aid in skill-building, while novices may choose the Cent Account for a more forgiving entrance into live markets. Intermediate traders who favor middle-range spreads and no upfront commissions might settle on the Standard Account, whereas more accomplished individuals, requiring extremely tight spreads and premium liquidity, could be drawn to ECN or Pro setups. FXTM offers individualized support and informational content to aid new clients in identifying the account that best matches their objectives and capacity for risk.
Standard Account
The Standard Account is targeted at users who desire a direct, uncluttered interface with relatively low spreads and no commissions on eligible Forex or CFD trading. Its required initial deposit is relatively attainable, which suits a broad assortment of traders. Additionally, Standard users can look forward to swift execution and a trading platform that is simple to navigate.
Cent Account
Traders aiming to dip their toes into actual market circumstances with minimal capital engagement regularly opt for the Cent Account. This arrangement records balances in cents, simplifying smaller-scale transactions. Although it may showcase wider spreads than more advanced account types, it excels in delivering a safer transition from simulated to live scenarios.
ECN Account
Directed at knowledgeable traders, the ECN Account touts compressed spreads, beginning near 0.1 pips on core currency pairs, offset by a modest fee per transaction. Scalpers and high-frequency traders often appreciate this model due to its direct market access and dependable fill speeds during periods of intensified volatility. Furthermore, liquidity levels tend to be elevated, a plus for participants executing larger quantities.
FXTM Pro Account
The FXTM Pro Account is curated for elite traders, institutional managers, or anyone looking for raw spreads close to 0.0 pips plus a top-tier liquidity hub. The deposit threshold here is higher than other accounts, but in exchange, customers receive some of the fastest execution speeds and the best possible pricing. This account structure draws professionals or high-scale traders needing exact, continuous market feeds.
FXTM Leverage
At FXTM, leverage can extend up to 1:2000, contingent on regulations within particular jurisdictions and the account classification. This capability amplifies prospective earnings on modest capital outlays, yet magnifies risk. Incorporating dependable risk protocols—like fixed stop-loss settings and suitable position sizing—proves important for traders choosing to utilize the higher echelons of leverage.
In numerous parts of the world, FXTM’s accommodating deposit and withdrawal system is intended to fit seamlessly with local financial infrastructures, usually lowering transfer rates and expediting the entire settlement cycle. The firm’s region-specific focus includes acceptance of local payment mechanisms as well as alliances with indigenous banking entities. Beyond that, FXTM is always on the lookout for new payment technology, rolling out specialized e-wallet services and other fintech alternatives to reinforce efficiency and accessibility for its customer base. As a result, traders often experience greater convenience, reduced fees, and faster deposit and withdrawal timings.
FXTM Deposit Options and Fees
FXTM has an assortment of deposit methods for its widespread clientele, encompassing bank wires, debit/credit cards, and well-established e-wallets like Neteller or Skrill. The minimum deposit threshold hinges on the particular account type—where a cent account may require a deposit as low as 10 USD, while elite-level offerings may mandate a higher starting balance.
Although FXTM characteristically does not apply direct fees on deposits, any currency translation or banking costs may be brought by a user’s financial provider. Hence, it’s generally advised that traders examine the precise guidelines published on FXTM’s site and cross-check details with whichever payment agent they select to stave off hidden levies.
FXTM Withdrawals Options and Fees
The pathways for withdrawal at FXTM closely mirror the firm’s deposit channels—bank transfers, cards, and multiple e-wallets remain standard choices. The anticipated processing timeline will depend on the particular withdrawal approach. E-wallet transfers might be completed in mere hours, but bank wires or card-refunds can require a span of a few working days.
A slight service fee is sometimes levied for specific withdrawal processes—an example being a bank wire, where the receiving institution can impose a flat rate. FXTM clarifies these withdrawal fees and the corresponding transaction durations so that traders can coordinate their finances appropriately and avoid potential timing conflicts.
Visa
Mastercard
Skrill
A top aspect admired by countless FXTM users is the broker’s clear structure for levying charges. By straightforwardly sharing each spread, commission rate, or miscellaneous non-trading fees, FXTM provides traders with a crystal-clear perspective on likely expenditures before they implement any trading technique. This is especially valuable to scalpers or high-volume speculators, where even fractional changes in spreads or commission setups can critically affect profit margins. Further, FXTM occasionally announces time-limited promotional deals or discounts on fees, thereby reducing trading overheads for preselected account models or financial products. Keeping track of these announcements can help you take advantage of FXTM’s competitively low charges.
FXTM Trading Fees
The trading fees at FXTM are predominantly dictated by the kind of account a trader holds and the specific instrument involved. Typically, traders pay either spreads, commissions, or a combination of the two. Standard and cent accounts usually collect revenue via spreads, implying no separate commission per lot is imposed on customers. On the flip side, ECN-type accounts tend to offer tighter spreads but involve a small commission fee. This versatile system grants traders the liberty to pick whichever arrangement aligns best with their strategies, whether that translates to narrower spreads, smaller entry capital, or a streamlined cost pattern.
The overarching viewpoint at FXTM focuses on remaining both economical and forthcoming about any costs. The broker publishes a transparent list of all charges on its official website, encompassing swap charges that arise if positions are retained overnight. This openness enables traders to better predict their trading expenses and incorporate them into effective risk containment strategies.
FXTM Spreads
When compared with established industry standards, FXTM’s spreads are often viewed as competitive, especially for core currency pairs like EUR/USD, GBP/USD, and USD/JPY. The actual spread a trader faces depends on their account choice and ongoing market liquidity. Illustrated below are some approximate spreads (they may fluctuate as conditions vary):
- Standard Account: From 1.3 pips on prominent currency pairs
- ECN Account: As low as 0.1 pips, with a commission for each lot
- FXTM Pro Account: Unprocessed spreads down to 0.0 pips, often appealing to those trading substantial volumes
Should you favor minimal spreads, the ECN and Pro options are likely more enticing, while traders who do not wish to handle additional commission costs may gravitate toward the Standard Account. Whatever the selection, FXTM publicizes its spreads in an understandable format within its trading interfaces.
FXTM Non-Trading Fees
Non-trading fees define the costs associated with an account outside the direct opening or closing of positions. Typical illustrations include deposit and withdrawals processing fees, charges for inactivity, or monthly account fees. FXTM routinely refrains from an obligatory maintenance fee, though an inactivity surcharge may become applicable if a user’s account records no trading or open positions for a set period—commonly six months.
Additionally, one should be mindful of prospective currency conversion charges if the currency used to deposit or withdraw differs from the account’s primary currency. Checking the broker’s entire fee disclosure and having a conversation with customer support can give valuable clarity on these incidental expenses and allow them to be integrated into an overall trading plan.
FXTM’s promotional campaigns are commonly aligned with the firm’s larger mission of retaining experienced clients and attracting new ones. Occasionally, users can combine incentives—like a welcome bonus plus a cashback incentive—for cumulative advantages. Each bonus feature, however, is accompanied by terms that govern necessary trade volume and limitations on withdrawing funds, so thorough planning is recommended. For comprehensive insights on the interplay of bonuses, real deposits, and margin constraints, FXTM’s support personnel can clarify any ambiguities. This level of transparency highlights FXTM’s commitment to maintaining a balanced, user-friendly incentive framework.
Welcome Bonus
On occasion, FXTM may roll out a welcome bonus geared toward newly joined customers who deposit funds into a live trading account. The bonus can be structured as additional trading credit or a deposit match. Still, every promotion is distinct and could set specific deposit thresholds or withdrawal policies. It is essential for potential participants to read through these guidelines carefully to fully grasp the bonus’s scope.
Refer-a-Friend Program
Via the Refer-a-Friend scheme, existing FXTM traders are encouraged to endorse the broker among acquaintances, potentially securing a monetary or credit-based reward for both parties involved. Such benefits frequently hinge on the amount the new user deposits and compliance with the program’s eligibility parameters. Besides expanding the company’s user base, it fosters a sense of community among those who trade with FXTM.
Loyalty Cashback Promotion
Active traders at FXTM can benefit from the Loyalty Cashback program, earning rebates contingent on their trading frequency or progress toward set objectives. These rebates can effectively lessen trading expenses, which is notably beneficial in a sphere where cost efficiency directly affects earning capacity. As usual, it is imperative that participants check the stipulated terms—deadlines, volume thresholds, or any restraints on withdrawal—to confirm they can meet the criteria and ultimately keep their cashback earnings.
Investing in trader growth is a significant objective for FXTM. The broker puts forth an assortment of scholastic content, which includes:
- Online Webinars: Real-time presentations covering trading platforms, technical analysis, and macroeconomic evaluations.
- Video Tutorials: Short segments that explain the ins and outs of MT4, MT5, risk management, and chart indicators.
- eBooks and Articles: Extensive coverage designed to educate novices while also supporting more advanced users.
- Local Seminars and Workshops: FXTM occasionally conducts in-person sessions in some locales, equipping traders with hands-on learning and group dialogue opportunities.
Through these broad educational channels, FXTM ensures that both beginner-level entrants and experienced traders have sufficient information to build a reliable foundation, enhancing the probability of lasting achievement in financial markets.
FXTM welcomes customers from a broad swath of nations worldwide, notably across Africa, Asia, Europe, and Latin America. Nonetheless, certain limitations persist in regions such as the United States, Canada, or Japan, where laws limit access to offshore brokerages. New clients must fulfill KYC and anti-money-laundering procedures to confirm their identity and address details. Individuals uncertain of eligibility based on their location should view FXTM’s official site or speak with the support team to ascertain whether their specific country can be serviced.
Excluded Countries
United States
Mauritius
Japan
Canada
Iran
North Korea
Iraq
Cyprus
Syrian Arab Republic
Cuba
Myanmar
Well-regarded for its approach to service, FXTM extends proficient assistance through multiple channels, such as direct telephone lines, online chat, and email. The broker’s staff is fluent in major world languages—among them English, Chinese, Arabic, and Spanish—thus capable of engaging with a wide global base. Whether it involves technical challenges, adjusting account settings, or general product knowledge, FXTM’s help desk aims to remedy problems quickly. A resource-rich Help Center on the main website furnishes step-by-step solutions and FAQs for common issues.
Broker Name: FXTM
Broker Type: ECN
Country: Cyprus
Operating since year: ECN
Regulations: CySEC (Cyprus), FCA (UK), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)
Phone: +357 25 558777 (Cyprus Office)
Email: [email protected]
Address: ForexTime Ltd FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156 Limassol, Cyprus
Broker status: Active
Yes, FXTM has no restrictions on scalping and provides ideal trading conditions for scalpers, making it a suitable choice for high-frequency trading strategies.
FXTM’s headquarters is located in Cyprus.
FXTM does not charge internal fees for withdrawals, but traders may incur third-party payment processor costs depending on the withdrawal method used.