FXTM is a leading forex and CFD broker. FXTM has established itself as a broker trusted by millions of traders around the world.
- Great customer service
- Fast account opening
- Low minimum deposit
- Excellent spreads from 0 pips
- Useful trading materials
- Limited tradable assets
- High CFD fees
Many reputable organisations in the industry regulate FXTM, which is also known as ForexTime. Currently, the broker holds several licences from top-level regulatory bodies, including CySEC in the EU, the FCA in the UK, and FSCA in South Africa. This demonstrates the broker’s reliability and a certain degree of flexibility, depending on the organisation you are trading under.
FXTM has over 80% positive customer reviews on various sites, including Google Play, the App Store, and Trustpilot. FXTM is also proud to play an active social role, supporting and sponsoring various global sports, including Sahara Force India Formula 1.
FXTM – Who Are They?
FXTM, or ForexTime, was founded in 2011 and is a fast developing global CFD and FX broker. It is one of the safest trading platforms for trading in the UK.
FXTM offers its customers to trade on the following markets:
- Spot metals
- Shares CFDs
- Forex
- CFDs for Indices and Commodities.
In the forex market, you have a choice of 250 currency pairs. If you decide to trade stocks, FXTM can offer you 170 options for stocks from different companies. Many of these stocks are offered not only as CFDs, but also for live trading. The broker also allows customers to trade cryptocurrencies. For this, you will need a minimum deposit of $10 (£).
FXTM offers trading platforms with a wide selection of charting tools and indicators, with a customisable trading experience that is highly reliable and trader-friendly.
| Type | Fee |
|---|---|
| Minimum deposit | $10 |
| Deposit fee | $0 |
| Withdrawal fee | $3 |
| Inactivity fee | Yes |
| Overnight fee | $5 |
| Type | Micro | Advantage | Advantage + |
|---|---|---|---|
| Min. deposit | $10 | $500 | $500 |
| Platform | MT4 | MT4, MT5 | MT4, MT5 |
| Commissions | No | from $0.4 to $2 and ultra-tight spreads from 0.0 | No |
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Our Opinion About FXTM
We consider FXTM to be one of the most trusted brokers out there. The broker has excellent customer support; you can contact them in any way that’s convenient for you, including by phone, email, and a website-based live chat.
Also, our team was impressed by the number of training materials that the trading platform offers. FXTM constantly shares useful videos, guides, tutorials, e-books, and even blog posts with its customers. This allows the trader to always be up-to-date and to constantly develop their skills.
FAQs
FXTM is owned by Andrey Dashin. The renowned Russian business entrepreneur founded FXTM in 2011 as a forex and CFDs broker. Dashin also owns Alpari Group, another forex broker he founded in 1998.
FXTM headquarters are in Limassol, Cyprus. The broker also has registered offices in the United Kingdom, South Korea, India, Malaysia, Thailand, Indonesia, and Nigeria. FXTM is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). It’s also regulated by the Financial Conduct Authority (UK) and the Financial Services Commission (Mauritius).
Yes. FXTM allows customers to gain exposure to the cryptocurrency market through CFDs. As a customer, you can trade Bitcoin, Ethereum, Litecoin and Ripple CFDs. Trading cryptocurrencies as CFDs means you don’t need to own the underlying crypto. Instead, you speculate on which direction the price will head.
FXTM offers three types of trading accounts to cater to different budgets and needs. They include Micro Account, Advantage Account, and Advantage Plus Account.
You can speculate on the forex market on all three accounts, but the Advantage Account offers the best value with typically zero spreads on popular currency pairs. If you’re a beginner trader, the Micro Account is an excellent way to begin exploring the markets at a moderate pace, as you won’t need to make large trades when getting started.
FXTM Review 2024 Details
✔ Well-established broker
From personal experience, when I was just starting out in this industry I got a whole lot of recommendations on this broker. FXTM is a legit broker, as each of the entities and brands that it serves is authorized and regulated by various global jurisdictions.
That's why I chose to open an account at FXTM and I'm happy I did.
How do I open an account with FXTM?
Hi Rob, FXTM has an online application form, which is the standard operating procedure.
I have faced with the issue all my life they claim to have that they are offering the lowest spreads in the market but that is the biggest marketing lie and they will make you the victim but still, some brokers offer comparatively low spreads in the market let me name few of them FXTM, IG Markets these two brokers have acceptable spreads at least they don't make false claims so you can go with them but go through all other parameters before coming to conclusions.
Your customer service is good. Navigation was very simple and user friendly. I like the FXTM platform - it's easy to use. I was happy with the various account types, funding and withdrawal methods. I already recommended it to my colleagues and friends.
Very good platform, once you understand how to use it. I registered with fxtm, and use the mt4 platform to trade. They have friendly and kindly account managers. Keep improving guys.
I think this is the most trustable broker! I have been trading for many years and tried a lot of different brokers. They have a lot of educational resources for free - just use them! FXTM have low commissions - it is a great option, thank you, guys.
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal
I've been a client of FXTM for almost two years now, and my experience with them has been excellent. Thanks to leverage, I've managed to close trades successfully even in challenging situations. Funding support is available from various countries, and opening a corporate account is straightforward. This broker offers good trade execution, tight spreads, and an easy withdrawal process. I've been trading with them for many years without any issues.