FXTM Review

FXTM is a moderate-risk broker with the TU Overall Score of 6.62 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FXTM clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews. FXTM ranks 50 among 349 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
ForexTime is a progressive broker that actively uses innovative technologies to provide the best trading terms for traders, regardless of their trading experience. ForexTime fits both novice and experienced traders. The company provides its services in 150 countries and ensures full safety and security of its clients' funds because they are kept in segregated accounts.
FXTM Pros & Cons
Pros
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A wide range of trading accounts;
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A large number of training materials;
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The ability to use automated programs in trading.
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The minimum deposit is $10;
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The most popular trading platforms are MT4 and MT5;
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Proprietary application for mobile trading is the FXTM Trader;
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The ultra-low spreads are from 0.0 pips;
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A huge choice of trading instruments is present;
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Supervision of the broker’s activities is by major financial regulators in four jurisdictions;
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Professional support.
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Cons
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For investment, only copy trading is offered;
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The broker is closed on Saturday and Sunday.
FXTM Overview
Type of BrokerNon-Advisory/Executionary Broker (ECN/STP)
Regulation & LicensingCyprus Securities and Exchange Commission Australian Securities and Investments Commission, Financial Services Authority (St Vincent & the Grenadines)
Clients Accepted from 150 countries around the world
Assets Offered Foreign Exchange, Commodities, Indices, Shares, Bonds, Futures, Cryptocurrencies
Platforms Available ​PU Prime App, PU Social, WebTrader, MetaTrader 4, MetaTrader 5, Mobile Compatibility, Android and iOS
Payment Types Accepted bank wire, credit/debit card, Skrill, Neteller, E-Wallets, Crypto, Bank Wire Transfers and Local Payment Solutions
FXTM Account Types
Features
CFD Account
Spread Betting Account
Account Currencies
USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPY
USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPY
Available Leverage
1:500
1:2000
Minimum Deposit
No Limit
$1000
Starting Spreads
0.1 Pips
1.5 Pips
Commission Per Trade
0.0%
2.0%
Min. Lot Size Per Trade
1.00
1.00
Max Lot Size Per Trade
10000
10000
Demo Account
Yes
Yes
Swap/Rollover Free Option
Swap Free Islamic Account
Swap Free Islamic Account
Copy Trading Support
Yes
Yes
FXTM Compliance & Regulation
​Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the FXTM brand based on the legal requirements in his/her country of residence. Full Risk Disclosure can be read here: https://www.forextime.com/regulatory-compliance/risk-disclosure.
FXTM brand is authorized and regulated in various jurisdictions.
Exinity Limited is a member of Financial Commission, an international organization engaged in a resolution of disputes within the financial services industry in the Forex market.