Launched in 2011, Forex Time (FXTM) is an online broker that is regulated by top financial authorities around the world. They offer over forex and CFD trading in 250 tradable instruments, spread across currency pairs, cryptocurrency, stocks, indices, metals, energies, and other commodities, with tight spreads, good execution speeds, and negative balance protection. The broker provides clients with the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), a collection of educational resources, several useful trading tools, and many different account types to suit every trader.
FXTM Review Introduction
In this FXTM review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including FXTM.
FXTM Platforms & Tools
FXTM provides their clients with the industry-leading MT4 and MT 5 trading platforms, and they are available as installable applications for Windows and Mac computers, non-installable web terminals that work on any modern browser, as well as mobile apps for iOS and Android devices.
The broker also has a collection of free trading tools that can help traders to do technical/fundamental analysis, manage their risk exposures, and keep up to date with the markets. Some of the tools provided by this broker include Daily Market Analysis, FXTM Trading Signals, FXTM Pivot Point Strategy, Economic Calendar, Forex News Timeline, Currency Converter, and Calculators for pips, profits, and margins.
FXTM Research & Education
The broker’s website has an education center that contains extensive educational resources, such as free e-books, tutorial videos, and a glossary of trading terminologies. They cover a vast range of topics, including trading strategies, trading tools, technical analysis, and others, which are useful to traders of all experience levels. Additionally, FXCM organizes free webinars in different languages from time to time.
FXTM Trading Accounts
FXCM has a range of account types, and the minimum deposit starts from just $10. They also offer Islamic swap-free account on request, but normally, they offer 3 standard accounts and 3 ECN accounts, as follows:
- Cent Account: A minimum deposit of $10, no commission charge, floating spreads from 1.5 pips
- Standard Account: A minimum deposit of $100, no commission charge, floating spreads from 1.3 pips
- Shares Account: For trading stocks and require a minimum deposit of $100
- ECN Zero Account: A minimum deposit of $200, no commission charge, floating spreads from 1.5 pips
- ECN Account: A minimum deposit of $200, floating spreads from 0.1 pips, and $2 per lot commission charge
- FXTM Pro Account: Requires a minimum of $25,000
FXTM Account Funding
There is a selection of funding and withdrawal options for FXTM’s clients, such as wire transfers; card payments using Visa, MasterCard, and Maestro cards; e-wallets like Skrill and Netteller; and local transfers through their local partners in various countries.
FXTM Customer Service
The broker has a dedicated, multi-lingual customer support team than can be reached through online chat, telephone, and email. Clients also get their own personal account managers.
The FXTM brand is operated by Forextime UK Limited (www.forextime.com/uk), ForexTime Limited (www.forextime.com/eu), and Exinity Limited (www.forextime.com). Forextime UK Limited is authorized and regulated by the Financial Conduct Authority (FCA), while Forextime Limited is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) and also licensed by the Financial Sector Conduct Authority (FSCA) of South Africa. Exinity Limited is regulated by the Financial Services Commission (FSC) of the Republic of Mauritius.
Clients’ funds are kept in segregated accounts held in top banks. All Europe-based affiliates also abide by the rules of the Markets in Financial Instruments Directive (MiFID).
FXTM Review Summary
FXTM is a leading retail brokerage brand that is regulated in multiple jurisdictions. With over 250 tradable instruments and quality trading conditions, the broker might be the right one for you.
It is worth mentioning that some of the trading products and services in this FXTM review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the FXTM broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.