FXTM Review (ForexTime) 2026

Top Brokers Overview — United States
How we tested FXTM

Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.

Learn more about our methodology and editorial policies.

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.

Broker FXTM (pronounced "ForexTime") started in 2011. It provides an opportunity to make a profit through active trading or investment programs. The company is regulated by South African FSCA (Financial Sector Supervision Authority, 46614), FSC (Mauritius Financial Supervisory Commission, C113012295), and FCA (777911). The broker has received many awards, including "Best Trading Conditions" (2018, 2019) and "Most Innovative Broker" (2018).

TU Expert Verdict

Chief Analytics Officer

FXTM demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.

FXTM provides access to trading Forex, metals, indices, stock CFDs, and cryptocurrencies, supporting around 250 assets on MT4, MT5, and the proprietary FXTM Trader platform. The broker offers multiple account types including Standard, ECN/Raw, Micro, Swap Free, and VIP, with a minimum deposit of $200 and leverage up to 1:30. FXTM is regulated by top authorities such as the FCA in the United Kingdom, FSCA in South Africa, and FSC in Mauritius, and provides negative balance protection and fast online account opening. Clients benefit from tight spreads, low commissions on ECN accounts, and free deposit options.

FXTM has some drawbacks: it does not offer a cent account, asset diversity is limited compared to top competitors, and support is not available 24/7. Additional disadvantages include an inactivity fee, mobile apps with limited adoption, and a weekend customer service gap. Due to its regulated status and reliable execution, FXTM is suited for traders who prioritize safety and professional platforms, though beginners seeking broader asset selection or round-the-clock support may find alternatives preferable.

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  • Commissions and Fees

    Score:
    We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
    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:
    We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
    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
    FCA UKFCA UK Full Name Financial Conduct Authority Country of regulation United Kingdom Investor Protection Fund Up to £85,000 Regulation Level Tier-1
    FSCA SAFSCA 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)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:
    We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.
    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.

    • Standard account with balanced trading conditions
    • Exclusive VIP account with enhanced trading conditions
    • Forex account with Micro lots
    • No Cent account
    FXTM account types vs top competitors
    FXTM Plus500 Trading.com
    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
    No
    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:
    This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
    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.

    • No withdrawal fee
    • USDT (Tether) supported
    • Bank wire transfers available
    • No deposit fee
    • BTC not available as a base account currency
    • PayPal not supported
    • Only major base currencies available

    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 Plus500 Trading.com
    Bank Wire
    Yes
    Yes
    Yes
    Bank card
    Yes
    Yes
    Yes
    PayPal
    No
    Yes
    No
    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:
    The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria
    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.

    • Indices trading
    • 60 supported currency pairs
    • Crypto trading not available
    • Bonds 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 Plus500 Trading.com
    Currency pairs 60 60 69
    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 2800 69
    Stocks
    Yes
    Yes
    No
    Commodity futures
    Yes
    Yes
    No
    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
    Yes
    No
    Stock indices
    Yes
    Yes
    No
    Options
    No
    Yes
    No

    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 Plus500 Trading.com
    Bonds
    No
    No
    No
    ETFs
    No
    Yes
    No
    Copy trading
    No
    No
    No
    PAMM investing
    Yes
    No
    No
    Managed accounts
    No
    No
    No
  • Trading Account Opening

    Score:
    We evaluated Trading Account Opening at FXTM by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.
    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.

    • Quick KYC verification (1 business day or less)
    • Low minimum deposit requirement
    • Fast registration time (up to 15 minutes)
    • Account setup process may feel less convenient for beginners
    FXTM account opening
    FXTM Plus500 Trading.com
    Online Registration
    Yes
    Yes
    Yes
    Minimum deposit $200 $100 $50
    Mandatory KYC
    Yes
    Yes
    Yes
    Registration time (min) 5 20
    KYC time (days) 1 3 2

    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:
    This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria
    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.

    • Free VPS for uninterrupted trading
    • Proprietary platform with unique features
    • One-click trading
    • 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 Plus500 Trading.com
    MT4
    Yes
    No
    No
    MT5
    Yes
    No
    Yes
    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 Plus500 Trading.com
    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
    No
    Yes
    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:
    This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria
    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
    • Indicators supported
    • Supports mobile 2FA
    • Low app installs across iOS and Android
    • Weak user feedback on Android

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

    FXTM Plus500 Trading.com
    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 10,000,000 50,000
    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 4.7 4.8
    Google Play score 4.4 4.7
    Mob. 2FA
    Yes
    Yes
    Yes
    Mob. Indicators
    Yes
    Yes
    Yes
    Mob. Alerts
    No
    Yes
    Yes
  • Customer Support

    Score:
    We evaluated Customer Support at FXTM by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria
    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

Best FXTM Alternatives

Plus500
Logo Plus500
Plus500
7.7 /10
Regulation Tier-1
EUR/USD 0.5 pips
Trading.com USA
Logo Trading.com USA
Trading.com USA
6.8 /10
Regulation Tier-1
EUR/USD 0.9 pips
OANDA
Logo OANDA
OANDA
6.7 /10
Regulation Tier-1
EUR/USD 0.1 pips
FOREX.com
Logo FOREX.com
FOREX.com
6.5 /10
Regulation Tier-1
EUR/USD 0.7 pips
Venom by Cobra Trading
Logo Venom by Cobra Trading
Venom by Cobra Trading
6.4 /10
Regulation Tier-1
EUR/USD 0.25 pips

FAQs

How is FXTM regulated and what client protection measures are mentioned in the review?

The review states that FXTM has a safety score of 10/10 and is described as having a high security level, with Tier-1 regulation and a track record since 2011. It is regulated by the FCA in the UK (with an investor protection fund up to £85,000), FSCA in South Africa, FSC in Mauritius, and CMA in Kenya and the UAE, with varying investor protection schemes. The section also notes the presence of negative balance protection and mandatory KYC verification for clients.

What account types and trading conditions are described for FXTM in this review?

The review notes that FXTM offers Demo, Standard, ECN/Raw spread, Micro, Swap Free, and VIP accounts, but does not provide a Cent account, which is highlighted as a disadvantage for some beginners. It describes specific live accounts such as Advantage (with a $200 minimum deposit, fixed leverage up to 1:30, spreads from 0.0 pips plus commission, and market execution) and Advantage Plus (also $200 minimum deposit, spreads from 1.5 pips without extra trading commissions, and margin call/stop-out levels of 80%/50%). The section also mentions that FXTM supports MT4, MT5, a proprietary FXTM Trader mobile terminal, and provides a demo account for testing conditions and strategies.

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

The user satisfaction score for FXTM in this review is 7.1/10, based on 187 user reviews. The rating distribution shows 27% 5-star, 26% 4-star, 29% 3-star, 11% 2-star, and 7% 1-star ratings, and the overall tone is described as mixed. According to user reviews, this suggests a balance of positive and neutral experiences, with a smaller portion of clearly negative feedback.

How is the FXTM trading account opening process evaluated in user-oriented reviews?

The section reports a safety score of 10/10 for account opening and notes that registration was completed in about 5 minutes, with KYC verification finalized within 1 business day. The minimum deposit is stated as $200, and the process is described as accessible and relatively hassle-free, although it may feel less convenient for some beginners. The review also outlines that account setup involves online registration, providing personal data and source of funds, and then configuring a trading account through the personal area.

What reviews and feedback are provided on FXTM’s mobile trading apps and their main limitations?

The review assigns a mobile apps safety score of 5.5/10 and notes that FXTM offers dedicated iOS and Android apps with indicators and mobile 2FA support. It highlights solid iOS user feedback with an App Store rating of 5.0/5 but also mentions relatively low total downloads (around 10,000) and the lack of mobile alerts. Based on available user reviews and metrics in this section, interest in or performance of the apps appears moderate rather than strong.

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