FXTM Review (ForexTime) 2026

Item: FXTM
Rating: 7.16
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: June 02, 2026

Top Brokers Overview — United States

Visit the site anyway

Min. deposit $200
Fees 7 /10
Account types 6.2 /10
Regulation 10 /10

7.2 /10

Reliable

Commissions and Fees 7.0
Regulation and Safety 10.0
Account Types 6.2
Deposit and Withdrawal 7.5
Markets and Tradable Assets 6.0
Trading Account Opening 10.0
Trading platforms & tools 9.8
Mobile Apps 5.5
Customer Support 5.1

FXTM Pros & Cons

a wide range of trading accounts;
a large number of training materials;
the ability to use automated programs in trading.
the minimum deposit is $200;
the most popular trading platforms are MT4 and MT5;
proprietary application for mobile trading is the FXTM Trader;
the ultra-low spreads are from 0.0 pips;
a huge choice of trading instruments is present;
supervision of the broker’s activities is by major financial regulators in four jurisdictions;
professional support.

for investment, only copy trading is offered;
the broker is closed on Saturday and Sunday.

TU Expert Verdict

FXTM is a reliable and well-established choice. I’ve reviewed its features, tested its services, and found that traders generally report positive results. It offers stable performance, dependable execution, and overall solid quality for everyday trading.

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Commissions and Fees

Score:

7 /10

The trading and non-trading commissions of FXTM have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.

Low Forex trading fees
Tight EUR/USD market spread
No deposit fee
No withdrawal fee

Inactivity fee applies

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of FXTM with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, FXTM’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

FXTM Standard spreads
	FXTM	OANDA	FOREX.com
EUR/USD min, pips	1.1	0.1	0.7
EUR/USD max, pips	2.1	0.5	1.2
GPB/USD min, pips	1.2	0.1	0.9
GPB/USD max, pips	2.3	0.5	1.4

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

FXTM RAW/ECN spreads
	FXTM	OANDA	FOREX.com
Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency).	2.5	3.5	5
EUR/USD avg spread	0.20	0.15	0.2
GBP/USD avg spread	0.4	0.2	0.4

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with FXTM. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

FXTM Non-Trading Fees
	FXTM	OANDA	FOREX.com
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	3-20	0-15	0
Inactivity fee ($, per month)	5	0	15

Is FXTM Safe?

Score:

10 /10

FXTM has a safety score of 10/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Tier-1 regulated
Negative balance protection
Regulated in the UK
Track record over 15 years

Strict requirements and extensive documentation to open an account

FXTM Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
FCA UK	Full Name Financial Conduct Authority	Country of regulation United Kingdom	Investor Protection Fund Up to £85,000	Regulation Level Tier-1
FSCA SA	Full Name Financial Sector Conduct Authority of South Africa	Country of regulation South Africa	Investor Protection Fund No specific fund	Regulation Level Tier-2
FSC (Mauritius)	Full Name Financial Services Commission of Mauritius	Country of regulation Mauritius	Investor Protection Fund No specific fund	Regulation Level Tier-3
Abbreviation CMA (Kenya)	Full Name The Capital Markets Authority	Country of regulation Kenya	Investor Protection Fund KES 50,000	Regulation Level Tier-2
Abbreviation CMA (UAE)	Full Name Capital Market Authority	Country of regulation United Arab Emirates	Investor Protection Fund No specific fund	Regulation Level Tier-2

FXTM Security Factors
Foundation date	2011
Negative balance protection	Yes
Verification (KYC)	Yes

Account Types

Score:

6.2 /10

FXTM offers the following account options: Demo, Standard, ECN/Raw spread, Micro, Swap Free, VIP.

However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

Tight spread ECN account
Standard account with balanced trading conditions
Low minimum deposit

No Cent account

FXTM account types vs top competitors
	FXTM	Trading.com	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	No	No
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	Yes	No	No
Swap Free	Yes	No	Yes
VIP	Yes	No	No
Managed	No	No	No

FXTM accounts trading conditions

ForexTime offers three account types, each suitable for both professionals and novice traders in the foreign exchange market. However, each account also differs in terms of minimum deposit, leverage, trading assets, margin call, stop-out levels, and order execution.

Account types:

Account Type

Description

Advantage

The advantage is the classic account, which is suitable for more experienced traders and is the most popular account type among the company's clients. The minimum deposit is $200, leverage is fixed up to 1:30, spreads start from 0.0 pips, but there is a commission for each transaction, which varies from 0.4 to $2, depending on the instrument and the trading turnover of the client. There is market execution of orders on this type of account. Trading platforms available are MT4 and MT5. Swap-Free service for the MT4 trading platform is available on this type of account.

Advantage Plus

Advantage Plus is a trading account for professional traders. The minimum deposit amount on this type of account is $200, and the currencies for deposits are USD/EUR/GBP. Forex instruments, metals, stocks, and indices are available on the account. The market entry is available through the MT4 and MT5 trading platforms, the spread starts from 1.5 pips, with the market execution of orders. Also, the Swap-Free service is available. The margin call level is 80% and stop-outs are 50%. There are no extra trading commissions.

ForexTime also offers a demo account. The company's clients can use it to test the broker's terms and trading strategies. The broker offers a proprietary FXTM Trader terminal for mobile trading.

ForexTime is a company focused on cooperation with different traders, regardless of their experience in currency trading and preferred trading strategies.

Deposit and Withdrawal

Score:

7.5 /10

FXTM received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

FXTM provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

Bank wire transfers available
No withdrawal fee
Bank card deposits and withdrawals
Bitcoin (BTC) accepted

Only major base currencies available
Wise not supported
Limited deposit and withdrawal flexibility, leading to higher costs

What are FXTM deposit and withdrawal options?

FXTM provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, M-Pesa, BTC, USDT.

FXTM Deposit and Withdrawal Methods vs Competitors
	FXTM	Trading.com	Plus500
Bank Wire	Yes	Yes	Yes
Bank card	Yes	Yes	Yes
PayPal	No	No	Yes
Wise	No	No	No
BTC	Yes	No	No

What are FXTM base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. FXTM supports the following base account currencies: USD, EUR, GBP, NGN.

What are FXTM's minimum deposit and withdrawal amounts?

The minimum deposit on FXTM is $200, while the minimum withdrawal amount is $5. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FXTM’s support team.

Markets and Tradable Assets

Score:

6 /10

FXTM offers a limited selection of trading assets compared to the market average. The platform supports 250 assets in total, including 60 Forex pairs.

60 supported currency pairs
Indices trading

Crypto trading not available
Copy trading not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by FXTM with its competitors, making it easier for you to find the perfect fit.

	FXTM	Trading.com	Plus500
Currency pairs	60	69	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	250	69	2800
Stocks	Yes	No	Yes
Commodity futures	Yes	No	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	No	No	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

Investment options

We also explored the trading assets and products FXTM offers for beginner traders and investors who prefer not to engage in active trading.

	FXTM	Trading.com	Plus500
Bonds	No	No	No
ETFs	No	No	Yes
Copy trading	No	No	No
PAMM investing	Yes	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

10 /10

We successfully registered an account with FXTM in 5 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at FXTM is $200.

This is one of the most accessible and hassle-free onboarding procedures on the market.

Fully online account opening process
Fast registration time (up to 15 minutes)
Low minimum deposit requirement

Account setup process may feel less convenient for beginners

FXTM account opening
	FXTM	Trading.com	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$200	$50	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	5	20	5
KYC time (days)	1	2	3

Is FXTM available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

To start trading with FXTM and receive a spread rebate from Traders Union for completed trades, follow these steps:

Log in or create a personal account on the Traders Union website. Use the referral link and go to the main page of the broker's website and click on the "Open an account" button.
To sign up, provide your personal data in the appropriate fields, and enter a password. After filling out the questionnaire, a PIN code will be sent to your phone and/or email, which must be inserted to complete the registration.
Now you need to fill in the profile with your personal data including the source of the funds.
- Open a trading account and customize it to fit your needs..
- Conduct financial transactions (deposit, withdrawal, and transfer of funds between accounts)..

Also in the Personal account there are other useful sections:

Platforms. MT4, MT5, and FXTM Trader terminals are available for download as well as a link to the web terminal;
FXTM Invest. Opening a trading account which offers manager statistics and investment management;
My documents. This section is for downloading documents required for account verification and payment details;
My profile. Contains profile management, manager subscriptions (transactions copying service), and passwords;
Trade services. Access to trading signals, MT4 indicators, and strategy building based on FXTM pivot points;
StocksTrading section. In this section, you can open an Advantage Plus account in 4 steps to access the world-famous stock exchanges such as Nasdaq, NYSE, and HKEX. Access to the global stock market is provided through the MT5 trading platform.
Promotions and contests. Promotions, bonus programs, current contests, and coupons are available here.
Education. Access to webinars, seminars, and e-books;
Customer support. Contains information on how to contact support for various issues.

Trading platforms & tools

Score:

9.8 /10

FXTM received a score of 9.8/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.

Trading bots (EAs) allowed
Free VPS for uninterrupted trading
Proprietary platform with unique features
Strategy (EA) Builder is available

No access to cTrader and its advanced tools.
No TradingView integration

Supported trading platforms

FXTM supports the following trading platforms: MT4, MT5, Proprietary platform, WebTrader. This selection covers the basic needs of most retail traders. We also compared FXTM’s platform availability with that of top competitors to assess its relative market position.

	FXTM	Trading.com	Plus500
MT4	Yes	No	No
MT5	Yes	Yes	No
cTrader	No	No	No
TradingView	No	Yes	Yes
Proprietary platform	Yes	Yes	Yes
NinjaTrader	No	No	No
WebTrader	Yes	Yes	Yes

Key FXTM’s trading platform features

We also evaluated whether FXTM offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.

Supported features
2FA	Yes
Alerts	Yes
Trading bots (EAs)	Yes
One-click trading	Yes
Scalping	Yes
Supported indicators	80
Tradable assets	250

Additional trading tools

FXTM offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.

FXTM trading tools vs competitors
	FXTM	Trading.com	Plus500
Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making.	Yes	Yes	No
API	Yes	No	No
Free VPS	Yes	No	No
Strategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills.	Yes	No	No
Autochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels.	Yes	No	No

Mobile Apps

Score:

5.5 /10

FXTM supports mobile trading, offering dedicated apps for both iOS and Android. FXTM received 5.5/10 in this section, which suggests limited user interest or weak performance of the apps.

Solid iOS user feedback, with a rating of 5.0/5
Supports mobile 2FA
Indicators supported

Mobile alerts not supported
Weak user feedback on Android

We compared FXTM with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.

	FXTM	Trading.com	Plus500
Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms.	10,000	50,000	10,000,000
App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience.	5.0	4.8	4.7
Google Play score		4.7	4.4
Mob. 2FA	Yes	Yes	Yes
Mob. Indicators	Yes	Yes	Yes
Mob. Alerts	No	Yes	Yes

Customer Support

Score:

5.1 /10

Customer support at FXTM is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.

During testing, response times were moderate, and communication depended on the complexity of the request. FXTM provides basic support functionality but does not stand out in overall service performance.

Information

On weekdays (Monday through Friday), support is available 24 hours a day. On weekends, support hours are Saturday from 11:00 to 16:00 and Sunday from 12:00 to 20:00 (GMT+3).

Multilingual support service
Communication via chat and messengers

No 24/7 support

Available communication methods:

Online chat on the official website
Phone
Email
Telegram bot
WhatsApp
Company offices

Contacts
Foundation date	2011
Registration address	FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus
Regulation	FSC (Mauritius), FSCA, SCA (UAE), FCA, CMA (Kenya) Licence number: C113012295, 50320, 20200000270, 777911, 135
Official site	https://www.forextime.com/
Contacts	info@forextime.com info@forextime.co.uk support@fxtm.com +44 20 3734 2255, +357 25 55 8 777, +44 20 3514 1251, +44 20 3734 1025

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FXTM Video Guides

FAQs

How is FXTM regulated and what safety measures does it offer to clients?

FXTM has a safety score of 10/10, reflecting a high security level under the Traders Union methodology, and is regulated by multiple authorities including the FCA in the UK (Tier-1), FSCA in South Africa (Tier-2), FSC in Mauritius (Tier-3), and CMA in Kenya and the UAE (both Tier-2). The broker was founded in 2011, applies mandatory KYC verification, and provides negative balance protection, while investor compensation coverage varies by jurisdiction, with up to £85,000 under the UK FCA scheme and different or no specific funds in other regions.

What do FXTM’s commissions, spreads, and non-trading fees look like in practice?

According to the review, FXTM’s overall fee level is rated as Medium with a score of 7/10, featuring low forex trading fees, tight EUR/USD spreads, and no percentage-based deposit or withdrawal fees. On Standard accounts, EUR/USD spreads typically range from 1.1 to 2.1 pips, while RAW/ECN accounts show an average EUR/USD spread of 0.20 pips plus a $2.5 per-lot commission; non-trading fees include a $5 monthly inactivity fee and fixed withdrawal charges between $3 and $20.

What do FXTM user reviews and feedback scores indicate about client satisfaction?

FXTM has a user satisfaction score of 7.1/10 based on 187 reviews, with the distribution showing 27% 5-star, 26% 4-star, 29% 3-star, 11% 2-star, and 7% 1-star ratings. According to user reviews, this mix suggests a generally moderate level of satisfaction with a balance of positive and neutral experiences, alongside a smaller portion of negative feedback.

How does the FXTM account opening process work and what do user comments highlight about its convenience?

The review notes that opening an account with FXTM is fully online, with registration taking about 5 minutes and KYC verification typically completed within 1 business day, and the minimum deposit set at $200. It is described as one of the more accessible onboarding procedures, although comments in the review mention that the setup process may feel less convenient for beginners due to the steps involved in completing personal data, verification documents, and account customization.

What feedback is available on FXTM’s mobile apps for iOS and Android?

FXTM provides mobile trading apps for both iOS and Android and receives a mobile section score of 5.5/10, indicating limited user interest or weaker app performance overall. The iOS app has strong user feedback with a 5.0/5 rating and supports indicators and mobile 2FA, while Android feedback is described as weak and the apps have relatively low total downloads (around 10,000), and mobile trading alerts are not supported.