FXTM Review 2025

FXTM is an award-winning online broker. Clients can trade over 250 forex pairs, CFDs, commodities and shares using a range of tools. Our review analyses FXTM’s trading platforms, account types, fees, deposits and more. Find out whether to open an account and start investing today.

About FXTM

FXTM, also known as ForexTime, was founded in 2011 and is a global CFD and forex broker. The group’s headquarters are in Cyprus and it employs 800 staff across 10 offices around the world. FXTM has a presence in the UK and Europe and is also active in Africa, Asia and Latin America. In fact, the company has more than two million traders across 150 countries.

FXTM is regulated by several financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

Trading Platforms

MetaTrader 4

FXTM offers MetaTrader 4 (MT4), one of the world’s most popular trading platforms. MT4 can be downloaded to desktop devices, accessed via the webtrader, or installed on mobile devices. 30 built-in indicators, 2,000 custom indicators and 700 paid options are available. Instant and pending order types are offered with a range of drawing tools.

The broker also offers its own-brand trading app. The modern and user-friendly app allows for trading from the palm of your hand. A slick trading dashboard is offered so you can track investing activity, account balance and margin requirements. Multiple chart types and popular indicators are available and you can modify trades in a few seconds.

Assets

FXTM offers more than 250 different tradable assets. Clients can invest in major, minor and exotic currency pairs, precious metals like gold and silver, share CFDs, plus indices. Traders can take positions on UK stocks and shares, as well as the FTSE. FXTM also offers commodities including oil and gas.

Trading Fees

FXTM offers a range of accounts with fees varying between options. Spreads are higher but commission-free with the Standard account. ECN accounts charge a commission but come with lower spreads. CFD traders get spreads from 0.1 pips with the Shares account while spreads start from 1.3 with the Standard account and 1.5 with the Cent account. Overall, fees are low compared to other major providers.

Leverage Review

Leverage is capped at 1:30 for retail forex traders in the UK. This is in line with trading regulations. Leverage limits can be amended from the account portal on the MyFXTM website. As with any leveraged product, both increased profits and losses are possible.

Mobile Trading

The FXTM app is available on both Android (APK) and iOS devices. You can monitor live rates and adjust positions with a few swipes. The app is fully functional and free to download. It gives you access to live currency rates as well as your trading dashboard.

Clients can also download the MT4 application from the respective app store. It offers instant deposits, interactive charting, risk management tools and leveraged trading. It’s a top-rated mobile app with positive reviews online.

Payments

FXTM accepts credit cards, e-wallets, bank wire and local transfers. Overall, there are more than 31 payment options available, each with zero deposit fees. The standard processing time for credit cards and e-wallets is two hours. For bank wire transfers, the standard processing time is 3-5 business days. The minimum deposit requirement is £10.

Same-day withdrawals are offered across most payment options with fees ranging from free up to £5 depending on the method. This is good news for clients who will be able to get profits quickly vs other brokers.

Demo Account

FXTM offers a demo account, enabling you to explore trading risk-free. The demo account is a practical way to discover the features offered by FXTM before you commit money. An excellent tool for beginners, new traders can try all of the trading functionality and technical indicators found on the live accounts. And because you’ll be practising under real market conditions, it’s a great way to get to grips with risk management.

The practice account is available across the Standard, Cent, ECN and ECN Zero accounts. A Titans demo trading contest also runs regularly with cash prizes that can be withdrawn for winners.

Regulation Review

FXTM is regulated by authorities in the UK and Cyprus, both of which have deposit protection insurance. You could be eligible for £85,000 should the broker become insolvent. FXTM also offers negative balance protection and retail leverage caps. Overall, the company is highly trusted.

Additional Tools

FXTM offers a range of tools to help you become a successful trader. This includes charting tools, email and mobile alerts, plus streaming news feeds are included in the basic package. FXTM also provides profit and margin calculators. Clients also benefit from a personal account manager.

Additionally, FXTM offers a range of educational resources. This includes ebooks, forex trading webinars, and glossaries of common investing terms. Finally, ForexTime releases weekly market analysis videos filled with expert advice about new trading strategies.

FXTM Accounts

You can choose between six different types of FXTM trading accounts. Three are three Standard accounts and three ECN solutions. ECN accounts offer tighter spreads and faster executions in return for higher minimum deposits. They are best suited to active forex traders. There is also a pro account with larger leverage limits for high-volume traders.

Account registration is straightforward with clients simply needing to fill in a short online form and provide basic contact details.

Benefits

There are several benefits to trading with FXTM:

• Learning support including market commentary, webinars, educational videos and free training courses
• 250+ trading instruments including currency pairs, futures, precious metals and commodities
• 31+ payment options with zero deposit fees and payments from £10
• Deep bank liquidity ensuring tight spreads and fast executions
• Mobile & email alerts
• No scams concerns
• Strategy manager
• FCA-regulated

Drawbacks

There are some disadvantages to opening an FXTM account too:

• No welcome deposit bonus
• Inactivity & withdrawal fees
• No ETFs, bonds or mutual funds
• No MetaTrader 5 trading platform

Trading Hours

The FXTM website is open 24/5 Monday to Friday. Specific trading hours also vary with the market:

• Asia: 00:00 – 09:00 GMT
• Europe: 08:00 – 17:00 GMT
• New York: 13:00 – 22:00 GMT

Customer Support

Customer service representatives are English-speaking and available 24/7 by email, live chat, direct telephone or social media. Head to the ‘Contact us’ page for contact details and office addresses. The live chat logo is available in the bottom right-hand corner of the broker’s website. Customer support staff are helpful and can assist with most technical or payment queries.

Client Safety

The FXTM website is highly secure, meaning personal data is safeguarded. Client funds are held in segregated accounts in top-tier banks and the MetaTrader platform offers dual-factor authentication. Overall, the company uses industry-standard security protocols.

FXTM Verdict

FXTM is an excellent online broker offering leveraged trading on a decent portfolio of instruments. Both retail and professional trading accounts are available, along with ECN solutions. There’s an extensive range of learning tools as well as the broker’s powerful mobile app. Overall, FXTM is a solid option for UK traders.

FAQ

Top 3 FXTM Alternatives

These brokers are the most similar to FXTM:

1. Pepperstone - Founded in Australia in 2010, Pepperstone is a highly regarded broker specialising in forex and CFDs. Serving more than 400,000 clients globally, it provides access to over 1,300 financial instruments through popular platforms like MT4, MT5, cTrader, and TradingView. Its fee structure is both low and transparent. With regulation by reputable bodies such as the FCA, ASIC, and CySEC, Pepperstone guarantees a safe trading environment for traders at every level.
2. IG Index - Founded in 1974, IG is a part of IG Group Holdings Plc, a publicly listed brokerage (LSE: IGG). The company provides spread betting, CFD, and forex trading, offering access to over 17,000 markets. Its platforms and investing apps are notably user-friendly. Over the past 50 years, IG has consistently been an industry leader, excelling in all essential areas for traders.
3. IC Markets - IC Markets is an internationally acclaimed forex and CFD broker, admired for its competitive pricing, diverse trading instruments, and superior technology. Established in 2007 and based in Australia, the firm is under the regulation of ASIC, CySEC, and FSA. It has successfully drawn over 180,000 clients from more than 200 nations.

FXTM Feature Comparison

Trading Instruments Comparison

FXTM vs Other Brokers

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