FXTM (Forex Time) Review

FXTM, launched in 2011, is an award winning online trading platform that offers a safe and secure trading environment covering more than 250 instruments across currencies, spot metals, shares, and commodities. FXTM is the proud sponsor of the Sahara Force India Formula One Team and regularly features in the media, with comments in the Guardian, Reuters and the Financial Times.

In addition, the broker provides their traders with advanced trading technology and a suite of trading education resources to enhance their trading skills. Being a client oriented broker, FXTM has sought to focus their products and services on meeting the needs of each market that they serve. Hence regardless whether the client is an individual or an institutional investor, FXTM have tailor made solutions to meet any particular needs.

To serve a global clientele, FXTM offers more than 30 different types of payment methods. There is also a team of professional and multilingual support staff on hand on 24 hours a day 7 days a week basis to provide help to traders who need assistance. With FXTM’s wide coverage of the financial markets, you can trade in more than 250 different types financial instruments. As of 2017, FXTM has close to half a million active trading accounts.

FXTM (Forex Time) Video Review

FXTM Regulation

FXTM is a regulated and licensed broker by the Cyprus Securities Exchange Commission (CySEC) under the Cyprus Investment Firm (CIF) license number #185/12. This means that FXTM complies with all the strict regulatory requirements imposed by CySEC such as having segregated accounts, maintaining adequate liquidity and being transparent with the way it operates. Furthermore, as a CySEC regulated broker, FXTM is a member of the Investors Compensation Scheme.

Due to the restrictions imposed by CySEC on brokers serving clients from outside the European Union (EU), these clients EU are handled by the sister company FT Global Ltd which is based in Belize. The International Financial Services Commission (IFSC) of Belize has also authorized and licensed FXTM as a broker with the license numbers IFSC/60/345/TS and IFSC/60/345/APM.


FXTM Reliability

FXTM has been around since 2011, providing their traders with a peace of mind that it is an authorized and regulated broker. Hence it is not surprising that FXTM has been winning numerous awards since 2013 in recognition of the broker’s outstanding service to the online trading community. In 2016 alone, FXTM has managed to bag different awards from several international finance reviewers. The awards included “2016 Best FX Broker”, “2016 Best Sell-Side Analysis Contributor” and “2016 Top Customer Service Provider”.


Furthermore, FXTM is making a name for themselves in the world of motor racing, as the Sahara Force India F1 official partner. A partnership that promises speed, excitement, and superior technology and that goes for both FXTM and the F1 brand.

FXTM Trading Platforms

In terms of trading platforms, FXTM only uses reliable and proven trading platforms to provide their traders with access to the financial markets. They consist of the MetaTrader 4 and MetaTrader 5 trading platforms developed by leading online trading solution provider MetaQuotes Software Ltd.


MetaTrader 4 (MT4) Platform

The MT4 trading platform is by far the most popular online trading platform for the online trading industry. The MT4’s popularity is largely down to the following reasons:

  • User-Friendly – Regardless of one’s trading experiences, the MT4 platform is easy to operate with clearly marked functionalities on the navigation interface. With a little practice, anyone can become proficient in operating the trading platform.
  • Comprehensive Charting Package – The MT4 platform also comes with an advanced charting package with allows traders to analyze the markets in more detail. The charts are easy to read and can be customized according to personal preferences. The charts include the ability to add indicators and studies which can be saved for later reference.
  • Multiple Languages – The MT4 also support multiple languages meaning non-English speaking traders can customize the trading platform with their language of choice.
  • Expert Advisors – The Expert Advisors (EAs) is one of the most popular features of the MT4 platform. EAs allow traders to automate the trading process according to the needs of the traders.
  • Security – The MT4 is one of the most secure trading platforms in the online trading industry. It uses a 128bit encryption key to encrypt all the data that is transmitted between the MT4 client and the server.


MetaTrader 5 Platform

The MetaTrader 5 is the latest trading platform that was developed by MetaQuotes Software. This platform is built on the success of the MT4 platform and comes with several major improvements over the MT4 platform.

  • Improved Navigation Interface – With the MetaTrader 5, navigation capability is further improved especially for those who are handling multiple trading accounts. The “Navigator” allow traders to switch account windows seamlessly and effortlessly hence enabling a trader to better focus on his trades.
  • Technical Indicators – With the MT5, additional new technical indicators are added to the already large number of indicators that are featured on the MT4 platform. Some of the new indicators added include:
  • Adaptive MA
  • Double and Triple Exponential Moving Averages
  • Fractal Adaptive MA
  • Variable Index Dynamic Average

Mobile Platforms

MT4 and MT5 are also available to be downloaded as mobile trading apps for those clients that want to trade the markets directly from their smartphone or mobile devices.


Additionally, FXTM has their own mobile app which can be downloaded from the App Store or through Google Play. The app features all the main functionality and tools that a trader will need from live currency rates to the minute-by-minute trading news.

FXTM Account Types

FXTM pride itself for being able to offer a diversity of choices to their traders. This is also reflected in their trading account offerings. The trading accounts can be divided into 2 main types of accounts, standard and ECN accounts.

  • Standard Accounts

There are 3 types of standard trading accounts:

Cents Accounts

  • Account Currency – USD / EUR / GBP / NGN
  • Leverage – 1:1000
  • Min Deposit – $/€/£ 5, ₦1,000
  • Execution – Instant
  • No Commission
  • Margin Call – 60%
  • Stop Out – 40%
  • Pricing Quotes – 5 decimals
  • 27 instruments types

Standard Account

  • Account Currency – USD / EUR / GBP / NGN
  • Leverage – 1:1000
  • Min Deposit – $/€/£ 100 , ₦20,000
  • Execution – Instant
  • No Commission
  • Margin Call – 40%
  • Stop Out – 20%
  • Pricing Quotes – 5 decimals
  • 76 instruments types

Shares Account

  • Account Currency – USD / EUR / GBP / NGN
  • Leverage – None
  • Min Deposit – $/€/£ 100 , ₦20,000
  • Execution – Instant
  • No Commission
  • Margin Call – 40%
  • Stop Out – 20%
  • Pricing Quotes – 5 decimals
  • 180+ instruments types
  • ECN Accounts

There are 5 different types of ECN accounts at FXTM. They include the following:

ECN Account

  • Account Currency – USD / EUR / GBP / NGN
  • Leverage – 1:1000
  • Min Deposit – $/€/£ 500, ₦20 000
  • Execution – Market Execution
  • Commission – $2 per lot
  • Margin Call – 80%
  • Stop Out – 50%
  • Pricing Quotes – 5 decimals
  • 62 instruments types

ECN Zero Account

  • Account Currency – USD / EUR / GBP / NGN
  • Leverage – 1:1000
  • Min Deposit – $/€/£ 500, ₦20 000
  • Execution – Market Execution
  • No Commission
  • Margin Call – 80%
  • Stop Out – 50%
  • Pricing Quotes – 5 decimals
  • 66 instruments types

FXTM ECN MT5 Account

  • Account Currency – USD / EUR / GBP / NGN
  • Leverage – 1:1000
  • Min Deposit – $/€/£ 500, ₦20 000
  • Execution – Market Execution
  • Commission – $2 per lot
  • Margin Call – 80%
  • Stop Out – 50%
  • Pricing Quotes – 5 decimals
  • 36 instruments types

Strategy Account

  • Account Currency – USD / EUR / GBP
  • Leverage – 1:1000
  • Min Deposit – $/€/£ 100
  • Execution – Market Execution
  • No Commission
  • Margin Call – 80%
  • Stop Out – 50%
  • Pricing Quotes – 5 decimals
  • 57 instruments types

FXTM Pro Account

  • Account Currency – USD / EUR / GBP / NGN
  • Leverage – 1:200
  • Min Deposit -$/€/£ 25,000, ₦5,000,000
  • Execution – Market Execution
  • No Commission
  • Margin Call – 80%
  • Stop Out – 50%
  • Pricing Quotes – 5 decimals
  • 46 instruments types

Additional Features

FXTM offer subscription to signal services, a daily market analysis portal, a host of trading tools including a currency converter and an economic calendar. In terms of education, FXTM provides articles and tutorials, webinars and a trader’s glossary.

FXTM Commissions & Spreads

The spreads and commission rates applicable at FXTM depend on the type of trading account that the trader is trading from. Typically, traders can expect to pay the kind of spreads that are illustrated in the table below.


Spreads (in pips)

EUR/USD 0.1 pips
GBP/USD 0.3 pips
USD/JPY 0.3 pips
USD/CHF 0.5 pips
EUR/GBP 0.3 pips
Gold (XAU/USD) 10.7 pips
Silver (XAG/USD) 0.3 pips
Apple (AAPL) 5 pips
Facebook Inc (FB) 7 pips
Coca Cola (KO) 6 pips

FXTM Deposits & Withdrawals Options

To be able to support nearly half a million traders from all over the world, FXTM has provided support for more than 30 different kinds of payment options.

Deposit Methods

Deposit methods at FXTM can be categorized into the Local Options, Credit Card options, eWallet options and Bank Wire Transfer options.

Credit Cards

  • China Union Pay
  • Maestro
  • VISA
  • MasterCard


  • Alfa-Click
  • Baidu
  • Cash U
  • Dixipay
  • Neteller
  • OKPay
  • Payza
  • Perfectmoney
  • QIWI
  • Skrill / Moneybookers
  • WebMoney
  • WeChat
  • Yandex Money

Bank Wire Transfer

  • Ceska Sporitelna AS (Erste Group)
  • Expobank
  • InecoBank

Local Options

  • Afghani Local Transfers
  • Baokim
  • FasaPay
  • Globepay
  • Indonesian Local Transfer
  • Iranian Local Transfers
  • Laos Local Transfers
  • Local transfer for India and Pakistan
  • MyPay Pocket
  • Nigeria Local Bank Wire Transfer
  • Online Banking Thailand
  • Vietnamese Local Transfers.

Withdrawal Options

Withdrawal options that are supported by FXTM are the same channels used for making deposits. The processing time required for a withdrawal request is typically 24 hours. Withdrawal charges will depend on the type of withdrawal methods used.

FXTM Bonus & Promotions

FXTM have 2 different types of promotional offers – trading contests and refer a friend program.

  • Trading Contests

FXTM on a regular basis conduct trading competitions among traders to let them showcase their trading skills. Winners of these contests will receive attractive cash prizes for their efforts.


  • Refer a Friend Program

Another promotional offer of FXTM is the “Refer-a-Friend” program. Traders can refer their friends and family members to sign up with FXTM. For each successful referral, the trader will receive a bonus.

FXTM Customer Support

For customer support, FXTM’s traders can reach out to the support team through live chat, email or call the support telephone numbers provided. To enhance customer support at a localized level, local support is available for many countries.

FXTM Pros & Cons


  • Choices of Trading Accounts
  • Competitive Spreads
  • Localized Support Available for many Countries
  • Regulated Broker
  • Selection of Trading Platforms


  • Limited Choices of Commodity Assets
  • Only MetaTrader based Trading platforms available


  • Is FXTM regulated?

Yes. FXTM is regulated by CySEC for the Eurozone based clients and for the non-Eurozone traders they have a sister company that is regulated by the Belize’s IFSC.

  • How safe is FXTM – Is FXTM a scam?

FXTM follow industry standards in term of web security. Transactions on the MetaTrader platforms are encrypted with 128bit encryption key. For credit card transaction, they are protected using SSL technology.

  • Where is FXTM based?

FXTM is headquartered in Nicosia, Cyprus.

  • How does FXTM make money?

FXTM makes money by charging traders a small spread, this is the difference between the buy and sell price of each trade and also commissions on the trades made. Depending on the account type you open you will work with either ECN accounts (where your trades are passed along to third parties through the Electronic Communications Network) or dealing desk (where FXTM take the other side of the trade). Each type of account comes with different trading conditions.

  • How to deposit in FXTM account?

Deposits can be made through local banks that are supported, credit cards, eWallets and Bank Wire Transfer. You can deposit directly from the platform or from the user dashboard which you will find the MyFXTM login area of the site.

  • How to withdraw money from FXTM?

Withdrawals at FXTM can be made through local supported banks, credit cards, eWallets and Bank Wire Transfer. Withdrawal will be faster using your deposit method.

  • How to open an account with FXTM?

To open an account at FXTM, you need to first fill out the registration form and submit it. Since FXTM is a regulated broker, you will then need to upload your identity documents and proof of address. Once these have been verified you can then start to trade.

  • Is FXTM reliable?

Yes, Apart from being regulated in 2 separate jurisdictions, FXTM has won numerous international awards that bear testimony to the reliability of the broker.

  • Does FXTM use Metatrader?

Yes, FXTM uses both MetaTrader 4 and MetaTrader 5 trading platforms as the webtrader, download and mobile versions.

  • What is FXTM’s leverage?

The maximum leverage at FXTM is 1:1000. This is very high and should only be used by very experienced traders.


FXTM has managed to prove itself to be a reliable broker that offers quality services. The range of services that are available fit both beginner and experienced traders. FXTM highlight their trading education, providing daily analysis and forecasts for their long term clients as well as for newcomers that wish to enter financial markets. Hence, FXTM is an ideal broker for all trading levels.

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