FXTM, also known as ForexTime, began operations in 2011. Its headquarters are located in Cyprus, and over eight years of work, it has managed to gain worldwide recognition. 

FXTM offices are located in three countries and bear the following names: 

  • Exinity Limited in Mauritius 
  • ForexTime UK in the United Kingdom 
  • ForexTime Ltd in EU, South Africa, and the UK

This FXTM review will discuss all the aspects you need to know about a broker before investing. Be sure to read the entire article in its entirety to find out all the pros and cons. 

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How to start trading with an FXTM broker?

How to start trading with an FXTM broker?

Trading on Forex with the help of a broker is impossible without creating an account on his site. That is why the client needs:

Step 1. Go to the web portal www.forextime.com

Step 2. In the top menu of the main page, click on the green button Register.

Step 3. In a new window, fill out the form, indicating the first name, last name, country of residence, mobile phone, email address, and a password.

Step 4. To confirm the data, a PIN code will be sent to the phone, which must be entered in the appropriate field.

Step 5. To complete the procedure, click on the Register button. 

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Customer support at FXTM broker

You can reach FXTM support by phone, email, and live chat. Support is open Monday through Friday, 8:00 am to 6:00 pm (Europe / Nicosia times), and is closed at weekends. In addition, there are other channels through which you can contact an FXTM client.

The brand has a lot to offer its traders regarding training materials and support. It features free webinars, e-books, tutorial videos, educational articles, and more. Its customer support is impressive and functional in over 30 languages. 

FXTM is a responsible broker with reliability. It offers free educational materials such as webinars, seminars, e-books, etc. 

How to start trading with an FXTM broker?

Support facts: 

  • Multilingual support (available in over 30 languages) 
  • Phone support 
  • Email support 
  • Chat support 
  • Other support channels: WhatsApp, Viber, TG
  • Callback suggestions 
  • Frequently asked questions and glossary 
  • Free education and ideas from experts 
  • Free study materials 
  • Free webinars, e-books, instructional videos, articles, etc. 

Year of foundation

ForexTime brokerage company is in demand among beginners and experienced traders. It appeared in 2011. The dealing center is licensed and monitored by IFSC. 

Regulation

Three reputable bodies regulate FXTM. They are CYSEC, FCA, and the FSC. CYSEC is the primary regulatory agency for Cyprus, while the FCA and FSC are the regulatory agencies for the UK and Mauritius, respectively.

These bodies are thorough and provide stringent requirements. Clients should be assured of FXTM’s reliability by the singular fact that they are affiliated with these regulatory agencies.

Broker’s awards

Broker’s awards

Since its foundation, the broker has participated in various events and conferences. Due to this, the brand managed to become a partner and sponsor of several professional sports teams. Since 2013, the team has been actively working to meet the high level of customer service quality. 

This has contributed to several international awards, and among them: 

  • Best Online Leverage Trading Specialists 2021
  • Best Investment Broker 2019
  • Forex Brand of the year 2018
  • Best Customer Support 2017
  • Best FX Broker 2016
  • Best Affiliate Program 2015 

Key broker features

Fees

As far as the company’s brokerage fees are concerned, they show a mixed picture with high and low fees existing together. The clients can figure out their approach or even have the facility to fill out a questionnaire provided by FXTM to comprehend whether the charges would benefit them or not.

Also, the company does not charge their clients any deposit fees, and as far as the withdrawal fees are concerned, it depends on the payment methods.

The commission heavily relies on the account type of the traders and clients and the financial instruments in trade. FXTM has an elaborated spread list, and the spread starts from 0.0 pips. Also, for instance, in an ECN account, the commission is from $2 per lot.

Leverage

It is usually represented in the ratio in FXTM, and they offer leverages based on some criteria, including their client’s knowledge and experience. It can be 1:100 or 1:500.

The companies also provide one of the highest leverage ratios in the market that may range up to 1:1000 which means that the clients have the authority to trade with $100,000 when they have opened their account with a mere amount of $100.

Spreads

From the variable of 0.0 pips and no commission is charged. In general, trading fees are very low. 

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Market coverage

  • Forex & FX indices
Market coverage

The platform includes all major currencies and pairs like the USD, EUR, JPY, etc. Traders trade FX pairs such as the EUR/USD with spreads starting from 0.0 pips and leverage of up to 2000:1 on the broker’s famous account, the advantage account.

On the other hand, the broker also allows clients to FX indices. FX indices are five to six currency pairs that trade against one strong currency. If the price of that one currency rises against the five or six pairs, the value of the index increases. 

FX indices are popular with clients who prefer to diversify their risk instead of investing in the price movement of one currency pair. At FXTM, only clients using the advantage account trade FX indices. 

  • Stocks, stock CFDs, stock baskets
Stocks, stock CFDs, stock baskets

FXTM allows clients to trade major US and Hong Kong stocks with zero commissions. Trade can buy and sell stocks of companies like Facebook, Tesla, and Apple with real-time customer support access.

The minimum deposit to trade as little as one share or an entire portfolio is only $500. The assets trade on the largest exchanges in the world like:

  • NYSE
  • NASDAQ
  • HKEX

Traders also buy and sell price movements of shares from notable brands like Apple and Alibaba. The stock CFDs apply to clients using the advantage account and, more so, the MT5 platform. Spreads for stock CFDs start from as low as 0.1 pips, but the clients incur a $4 fixed commission per lot.

FXTM’s stock basket consists of all the client’s companies customized by the broker’s experts into indices and trades with a single trade. Basically, they simplify the best companies that a client trades on stocks based on industries and global trends such that the client trades all at once.

  • Commodities
FXTM - Commodities

Most traded commodities consist of precious metals and energies and trade against major currencies like the US dollar. At FXTM, the energies that trade as commodities include:

  • UK Brent oil
  • US Crude oil
  • US natural gas

While metals such as gold and silver trade on the advantage account with spreads starting from 0.0 pips. Traders buy and sell these metals using USD and EUR currencies.

  • Indices
FXTM - Indices

Indices trade on the FXTM as CFDs with flexibility and for long hours. They help investors diversify their portfolios.

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Trading platforms

The broker offers three leading trading platforms as different applications. Clients access markets using MT4 and MT5 and the broker’s proprietary trading platform, the FXTM Trader.

As we noted, the MetaTrader platforms are in different applications to suit many clients, while the FXTM Trader operates only as a mobile application. But all the platforms integrate seamlessly with EA tools and other trading tools. Let’s analyze each platform’s features before selecting the platform to trade with at FXTM.

Trading platforms

MT4 trading platform

MT4 trading platform
  • It provides access to a range of markets
  • Interactive charts to monitor and analyze the markets
  • Access to more than 30 technical indicators
  • Powerful security system and multi-device functionality
  • Instant real-time quotes
  • All execution models available
  • Trading history offered
  • Available in more than 20 languages

MT5 trading platform

FXTM - MT5 trading platform
  • All markets access
  • Fundamental technical analysis tools
  • Built-in copy trading and automated trading
  • Integrated economic calendar and email system
  • 44 graphical objects
  • Multi-threaded strategy tester
  • Funds transfer between accounts
  • MQL5 chat allows clients to interact
  • Customized interface
  • Access to global news

FXTM Trader

FXTM Trader
  • Live currency rates 24/5
  • Keep track of your trades with the trading dashboard
  • Manage your accounts from the same App
  • Unlimited access to “MyFXTM” for fast deposits and instant withdrawals
  • Ability to open, close and modify positions in seconds
  • Also available on multiple devices
  • Fully integrated with chart tools and indicators
  • No extra plugins to be added
  • Easy to track the opened and closed positions
  • One-click through trading for all instruments
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Trading accounts

FXTM - Trading accounts

At this point, you might have caught the wind about the accounts offered at FXTM. But just to brainstorm, they include:

  • Micro 
  • Advantage 
  • Advantage plus 

Besides just listing, we will dive deeper and analyze each account’s details.

Micro account
Advantage account 

Advantage Plus account
Min. deposit $50

Spread from 1.5 pips

Trading instruments: FX, commodities, stocks

0 commission 

Platforms — MT4

Accepted deposit currency — USD, EUR, GBP, NGN

Leverage — up to 1000:1 for FX and up to 500:1 for commodities

Instant execution

Margin call — 60%

Stop out — 40%

Swap-free — yes

Limit & stop levels — one spread

Min. volume in lots per trade — 0.01

Max. number of orders — 30

Max. number of pending orders — 100
Min. deposit $500

Spread from 0.0 pips

Trading instruments: FX, commodities, indices, stocks, and stock CFDs (only on the MT5)

Commission — between $0.40-$2 (based on the volume)

Platforms — MT4 & MT5

Accepted deposit currency — USD, EUR, GBP, NGN

Leverage — (floating) up to 2000:1

Order execution — market execution

Margin call — 80%

Stop out — 50%

Swap-free — yes

Limit & stop levels — no

Min. volume in lots per trade — 0.01

Max. number of orders — unlimited

Max. number of pending orders — 300
Min. deposit $500

Spread from 1.5 pips

Trading instruments: FX, commodities like metals, indices, FX indices, stock baskets, stocks, and stock CFDs (only on the MT5)

0 commission 

Platforms — MT4 & MT5

Accepted deposit currency — USD, EUR, GBP, NGN

Leverage up to 2000:1

Order execution — market execution

Margin call — 80%

Stop out — 50%

Swap-free — yes

Limit & stop levels — no

Min. volume in lots per trade — 0.01

Max. number of orders — unlimited

Max. number of pending orders — 300

What else should you know about FXTM?

FXTM entered the market with a specific strategy: to achieve global expansion by opening offices and a more localized offer of forex brokerage services in countries with high demand. Since 2011, the company has achieved stable growth and is currently one of the leading brands in the retail forex market. FXTM also provides comprehensive trader education through a range of resources and offers a regulated retail forex environment. Trader protection is achieved through data encryption and several other channels. 

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