FXTM Review 2024

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FXTM is #50 in our rankings of CFD brokers.

FXTM Facts & Figures

FXTM is a top-rated forex and CFD broker established in 2011 and operating across 4 continents. The company is secure and regulated by leading authorities, including the FCA and CySEC. Offering 1000+ trading markets and three account types, they cater to all levels of trader.

  • The broker delivers an excellent charting environment for traders, with over 30 technical tools offered in the MT4 platform, plus a range of additional platform indicators for monitoring spreads, orders, pivot levels and more
  • Beginners can access a strong range of free educational materials and short-term market insights, including a podcast hosted by the brand’s expert team
  • FXTM offers free VPS hosting for active traders looking for 24/7 uninterrupted connection with up to 99.9% uptime
  • The broker has a good reputation with multiple industry awards and oversight from top-tier regulators like the CySEC
  • Customer support is reliable and available in 30+ languages, making FXTM a top choice among global traders
  • Negative Balance Protection is available to clients registering with the EU and UK entities
  • It’s a shame that ETFs and bond products are not available, and the selection of stocks is not extensive compared to competitors like AvaTrade
  • Spreads are mediocre in the commission-free accounts, with typical EUR/USD spreads around 1.9 pips - the industry average is around 1.2 pips
  • Withdrawal fees apply, including a 30 EUR fee on bank wire withdrawals
  • There are limited e-wallet payment options compared to alternatives
  • Best Trading Experience 2021 - World Finance Awards
  • Best Online Leveraged Trading Services 2021 - Global Business Awards
  • Best Forex Education Partner Nigeria 2021 - World Business Outlook
  • Best Trading Experience 2020 - World Finance Awards
  • Best ECN Broker 2020 - DayTrading.com
Instruments Forex, CFDs, Indices, Commodities, Stocks
Demo Account Yes
Min. Deposit $500
Mobile Apps iOS & Android
Trading App

FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the app supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.

iOS App Rating
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Android App Rating
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Min. Trade 0.01 Lots
Regulated By CySEC, FCA, FSCA, FSC
MetaTrader 4 Yes
MetaTrader 5 Yes
cTrader No
DMA Account No
ECN Account Yes
Social Trading No
Copy Trading No
Auto Trading Expert Advisors (EAs) on MetaTrader
Signals Service Yes
Islamic Account Yes
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Precious Metals
CFDs FXTM’s CFD offering spans 250+ forex, stocks, commodities and indices, plus crypto CFDs at the global entity. Leverage up to 1:30 is available from the CySEC-regulated branch, though highly seasoned traders can also access massive 1:2000 rates from the global entity.
Leverage 1:30
FTSE Spread 1.3
GBPUSD Spread 0.2
Oil Spread 5.0
Stocks Spread 0.1
Forex FXTM offers a strong range of 60+ currency pairs - more than many competitors including AvaTrade. There’s also 6 currency indices for traders looking to diversify their forex portfolios. The brand’s ECN account offers competitively low spreads from 0 pips, with equally low commissions up to $2 per lot.
GBPUSD Spread 0.2
EURUSD Spread 0.1
GBPEUR Spread 0.6
Assets 50+
Currency Indices
  • USD
  • EUR
  • GBP
  • JPY
  • AUD
  • NZD
Stocks The broker’s stocks list is average, with 300+ US and European stock CFDs available. Spreads are as low as 0.1 pips in the Advantage account. You can also make use of a wide range of market analysis resources which have been curated by the broker’s expert team.
Cryptocurrency Cryptocurrency CFDs are available on 11 popular digital coins for those using the international entity. Bitcoin is available, alongside popular altcoins like Avalanch and Dogecoin. Spreads are floating and minimum lot sizes from 0.01 are available.
  • BTC
  • ETH
  • LTC
  • XRP
Spreads Variable
Crypto Lending No
Crypto Mining No
Crypto Staking No
Auto Market Maker No
Risk Warning – Your Capital is at risk

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.

FXTM platform


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.

FXTM trading platform

FXTM Trader App


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.

FXTM mobile

FXTM mobile trading


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.

FXTM training

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.


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


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.


Is FXTM Trusted?

FXTM or ForexTime was founded in 2011 and is a global CFD and forex broker. It is regulated by several financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). FXTM is considered safe because it is regulated by the top-tier FCA.

How Long Does It Take To Withdraw From FXTM?

All withdrawal requests are processed by FXTM within 24 hours, however, the time required for the funds to be transferred to your account will depend on the payment method used. Overall, users can expect profits within a day or two with some fee-free methods available.

What Is The Minimum Deposit For FXTM?

The minimum deposit at FXTM is £10. This means low barriers to entry for beginners. With that said, the minimum deposit rises with ECN solutions and the professional account which requires up to £25,000. Still, there’s a good range of accounts and payment requirements available.

What Leverage Is Offered By FXTM?

Leveraged is capped at 1:30 for retail traders while qualifying professional investors can access leverage up to 1:500. This is consistent with other regulated trading brokers. Note leverage is essentially a loan from the broker so traders can increase position sizes.

Does FXTM Have A Mobile App?

FXTM offers its own trading platform application available on iOS and Android devices. The interactive app provides a comprehensive trading dashboard, secure login, multiple charts, a host of analysis tools, plus instant deposits. Clients can also execute positions using a range of order types.

Compare FXTM with Other Brokers

These brokers are the most similar to FXTM:

  1. Pepperstone - Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for traders at all levels.
  2. IG Index - Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
  3. IC Markets - IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.

FXTM Feature Comparison

FXTM Compared With Similar Brokers
FXTM Pepperstone IG Index IC Markets
Rating 4 4.8 4.4 4.8
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities Forex, Stocks, Commodities, Crypto
Minimum Deposit $500 $0 $0 $200
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Demo Account Yes Yes Yes Yes
Bonus - - - -
Education Yes Yes Yes Yes
Platforms MT4, MT5 MT4, MT5, cTrader MT4 MT4, MT5, cTrader
Leverage 1:30 1:30 (Retail), 1:500 (Pro) 1:30 (Retail), 1:222 (Pro) 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
Review FXTM
IG Index
IC Markets

Trading Instruments Comparison

Comparison of FXTM Trading Instruments
FXTM Pepperstone IG Index IC Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Crypto Yes Yes No Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes Yes No
Silver Yes Yes Yes Yes
Corn No Yes No Yes
Futures No No Yes Yes
Options No No Yes No
ETFs No Yes Yes Yes
Bonds No No Yes Yes
Warrants No No Yes No
Spreadbetting No Yes Yes No
Volatility Index No Yes Yes Yes

FXTM vs Other Brokers

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FXTM is a top-rated forex and CFD broker established in 2011 and operating across 4 continents. The company is secure and regulated by leading authorities, including the FCA and CySEC. Offering 1000+ trading markets and three account types, they cater to all levels of trader.