FXTM (Forex Time): A Detailed Review of a Forex Broker with over 4 million users

FXTM (Forex Time): A Detailed Review of a Forex Broker with over 4 million users title=
2.7/5
My friend Tom had been trading forex for several years, but he was never able to find the success he wanted.
Min. deposit
$50
Demo account
Yes
Currency
CZKEURGBPNGNPLNUSD
Supported languages
EngRus
Active
Yes
Payment Methods
Bitcoin PaymentsCredit CardFasaPayGlobePayGoogle WalletJCB CardM-PesaMaestroNetellerPayRedeemPerfect MoneyQIWISkrillUnionPayVisaWebMoneyWeChat PayWestern UnionWorldPayYandex Money
Instruments
CFDsCommoditiesForexindicesStocks
Min. trade price
0.01 lots
Regulated By
CySECFCAFSCFSCA
MetaTrader 4
Yes
MetaTrader 5
Yes
cTrader
No
OmniTrader
No
AlgoTrader
No
TradingView
No
Trading Central
No
Autochartist
Yes
eSignal
No
STP Account
No
ECN Account
Yes
DMA Account
No
MAM Account
Yes
PAMM Account
Yes
LAMM Account
No
Demat Account
No
Mobile Apps
iOS, Android & Windows
Margin Trading
Yes
Volatility Index
No
Spot Trading
Yes
Perpetual Swaps
No
ELWs
No
REITs
No
AI / Machine Learning
No
Robo Advisor
No
P2P Trading
No
Negative Balance Protection
Yes
VPS Hosting
Yes
Tournaments
No
Demo Competitions
No
Managed Accounts
No
Market Maker
Yes
Auto Trading
Yes
Social Trading
Yes
Copy Trading
Yes
Trade Signals
Yes
Islamic Account
Yes
Inactivity Fee
$5
Guaranteed Stop Loss
No
Stock Exchanges
Australian Securities ExchangeCAC 40 Index FranceDAX GER 40 IndexDeutsche BoerseDow JonesEuronextFTSE UK IndexHang SengIBEX 35Japan Exchange GroupNasdaqNational Stock Exchange Of IndiaS&P 500
Commodities
GoldNatural GasOilPrecious MetalsSilver
Forex Trading
FXTM offer forex trading on a huge range of currency pairs. Spreads can be as low as 0.1 with the ECN account types.
Forex GBPUSD Spread
0.3 (var)
Forex EURUSD Spread
0.1 (var)
Forex EURGBP Spread
0.2 (var)
Forex Assets
50+
Crypto Lending
No
Crypto Staking
No
Crypto Mining
No
Crypto Auto Market Maker
No
Ladder Options
No
Boundary Options
No
Show all >>

* The amount that will be credited to the account in the case of a successful deal

*General Risk Warning: Your capital might be at risk

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 2.7,
according to 744 reviews

4.5 Stars
Hassan Alaa
Hassan Alaa
stars
iq
Hello guys, I am from Iraq. I aspire to be a successful trader with a monthly income of 50k. I hope that after this hardship, the company will not close my account or suspend my withdrawals. After a year of trading with them, I did not face a problem with small spreads, there are no slippages, no manipulation, and fast entry. The only thing that scares me is my future with this company with account closure or suspension of withdrawals and deposits. l will back after 1 or 10 years tell you what happened with me .And I don't want to go into cryptocurrency trading. Will my country and the company be against me? If so, allah always with me

View all

MUHAMMAD KASHIF ABRAR
MUHAMMAD KASHIF ABRAR
stars
pk
FXTM team are very cooperative. whenever i face any problem they helped me. specially one Guy Mr. Nazir (Indian) is very professional and cooperative his help number is 265 on WhatsApp. 3 times i need there support and they helped me and solve my problem.

View all

Vladislav Goroshko
Vladislav Goroshko
stars
ae
Thanks you for your support and trainings. I managed to become a experienced trader, it's still a hobby, but at least it brings me some extra income. For now I'm using the micro account, still not confident in my abilities to try out the advantage. Cheers and thanks

View all

KE XU
KE XU
stars
cn
Wow the comments are really not that good, but in my experience, it is a good broker, low and quite stable spreads and low commission. I have nothing trouble with funds things, for people who can't withdraw money, you may asked to submit some documents for verification. Hope fxtm can operate healthily and for a long time.

View all

MickeyKung
MickeyKung
stars
th
Good broker. Fast withdraw. but I have many suggestions for you. 1.Please allow to withdraw to Kasikorn bank(Thailand most famous bank). 2.Please add XAUAUD and XAUJPY pairs. 3.Please show the trading history orders of Strategy Accounts providers. User want to know what pairs did they trades and what strategy they use.

View all

Femi
Femi
stars
lt
My experience- signing up, verification, deposit and withdrawal- has been a pleasant one. I hope that FXTM will keep it up. A decent broker from my experience. I opened an account, traded and made withdrawal- these experience were seamless. Thanks.

View all

Content

My friend Tom had been trading forex for several years, but he was never able to find the success he wanted. He tried different strategies and brokers, but nothing seemed to work out.

Then one day, he told me that a mutual friend from our WhatsApp group chat had recommended FXTM (Forex Time). After researching the broker thoroughly, John decided to give it a try. I decided to do some research to see if FXTM was something I was interested in.

Experts say, “The best trading strategy is one that combines long-term vision with short-term agility.” As a forex trader, you need to be able to take advantage of opportunities as soon as they present themselves, but also have an overarching plan for where you want your portfolio to go in the future.

Here is what we found out about FXTM. Firstly, the broker is regulated by the Financial Services Commission (FSC) of Mauritius and holds licenses from CySEC, FCA, and MiFID. It offers a variety of trading instruments, such as Forex pairs, CFDs, Commodities, Indices and Cryptocurrencies, which can trade on the MetaTrader4 and MetaTrader5 platforms.

The spreads are competitive, and it offers several trading options, including ECN, STP, and Market Maker accounts with a leverage of up to 1:1000. The minimum deposit requirement is low, and there are no hidden fees.

However, they charge a fee for inactive accounts, and some of their margin call policies are strict. Before we get into our review’s details, let’s look at what draws customers (like my friend Tom) to FXTM.

Overview of the broker’s services and products

Overview of the broker’s services and products

FXTM offers a wide range of trading services and products for both beginners and experienced traders.

Account types

FXTM offers three main account types to its customers: Standard Account, Cent Account, and Stock CFDs Account. In addition, there are several types of ECN accounts available – Stocks Account, ECN Account, ECN Zero, and Pro. Each account type offers different features, such as varying spreads, minimum deposits, and leverage options.

No matter what account you get, they all come with free access to trading signals, daily market news and analysis, educational materials, and webinars. The Standard and Cent options include demo accounts where you can test your methods risk-free before trading on your live account.

Trading Platforms/Software Options

FXTM offers two of the most popular and reliable choices for trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).  MT4 is suitable for beginner traders, while MT5 is more suited to advanced traders due to its more sophisticated features and tools.

Trading Platforms/Software Options

The broker also offers clients access to various trading tools, such as Expert Advisors (EAs) and automated trading robots. This allows traders to automate their trading strategies, helping to reduce the risk of losses associated with manual trading. Many customers like that FXTM offers mobile apps for iOS and Android devices, allowing clients to conveniently access their accounts on the go.

Further reading

Trading Instruments

Trading Instruments

FXTM offers a lot of different trading instruments like Forex pairs, CFDs, Commodities, Indices and Stocks. These can be traded on the MetaTrader4 or MetaTrader5 platforms.

The spreads are competitive, and you can get leverage up to 1:1000. You can also use tools like EAs and automated robots to help you with your trading. You can also use mobile apps to access your account and trade from anywhere in the world. However, they do not offer cryptocurrencies, which can be a dealbreaker for some traders.

FXTM Copy Trading

To the uninitiated, copy trading is a form of trading in which you can replicate the trades of a successful trader of your choice. It is an excellent way for novice traders to start trading without having any prior experience.

FXTM Copy Trading

FXTM has an advanced copy trading platform, aptly named “Copy Trading.” It uses sophisticated technology to ensure your portfolio remains safe, secure, and profitable.

With this tool, you can copy the trades of experienced traders whom you can vet based on their historical performance. You can also select from a wide range of strategies, such as trend following, scalping and short-term trading, as well as set limits for risk exposure and profit taking.

Further reading

Fees and other charges

Fees and other charges

When it comes to fees and other charges, FXTM is generally considered to be quite competitive.

As most expert traders would put it, “high trading fees can eat into your bottom line.” It’s important to know what fees are involved before signing up with a broker.

FXTM offers tight spreads, which start from 0.1 pips, and there are no hidden commissions or fees when you make trades. However, the rollover fee for overnight positions can be pretty high, depending on the instrument you are trading. Additionally, beware of account inactivity fees which may be incurred ($10/month).

Further reading

Leverage Levels and Margin Calls

Leverage Levels and Margin Calls

FXTM offers its clients maximum leverage of up to 1:1000, which is great for those looking to put their margin trading skills to the test.

With great leverage comes great responsibility; it is important for traders to use caution when trading with such high levels of leverage. In addition, you should know that FXTM has stringent margin call policies in place to protect both the broker and its clients

. If the equity in a trader’s account falls below the margin requirement, FXTM will automatically close all open positions to protect its client from further losses.

Further reading

Deposit and Withdrawal Options

Deposit and Withdrawal Options

FXTM offers a variety of deposit and withdrawal options, including credit/debit cards, bank wire transfers and e-wallets.

The withdrawal process is fast and efficient, with funds usually being transferred within 1-2 business days.

Customer Support

FXTM has an extensive customer support network which is always willing to help traders with any queries or issues they may be facing. The broker offers 24/7 customer service via email, telephone and live chat, making it one of the best in terms of customer support.

Further reading
FAQs About FXTM

FAQs About FXTM

Q: Is FXTM safe?

A: Yes, FXTM is a legitimate and regulated forex broker. It is overseen by both the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities & Exchange Commission (CySEC), so traders can rest assured that their funds are held securely and in accordance with regulatory standards.

Q: Does FXTM offer forex bonuses?

A: Yes, FXTM offers various promotions and bonuses to reward traders for their loyalty. These can include cash-back rewards and no-deposit bonus offers.

Q: What is the minimum deposit requirement at FXTM?

A: The minimum deposit required to open an account varies from $10 to $100, depending on the account type.

Q: Does FXTM charge fees?

A: Yes, FXTM charges fees. Most importantly, they levy a trading commission on applicable trades alongside their spreads which are variable. They also charge an inactivity fee of up to $10 per month and a deposit/withdrawal fee depending on the method used for processing the transaction.

Conclusion

FXTM is a great choice for both new and experienced forex traders. The broker offers a wide range of trading instruments, competitive spreads, high leverage, and an advanced copy trading platform. The customer support is excellent, and the withdrawal process is fast and efficient. All these features make it one of the best brokers available in the market today.

It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.
Further reading