FXTM (ForexTime) Review

FXTM (ForexTime) is a well-established broker known for its strong regulatory framework and comprehensive trading tools. With a wide variety of trading platforms, FXTM suits both new and experienced traders. It offers competitive spreads, a range of account types, and advanced research tools.

Pros:

  • Regulated by Top-Tier Authorities: Licensed by FCA, CySEC, and FSCA.
  • Multiple Platform Options: Offers MT4, MT5, and its proprietary FXTM Trader app.
  • Comprehensive Educational Tools: Supports traders with webinars, tutorials, and eBooks.
  • Low Spreads on Advantage Account: Spreads start from 0.0 pips with minimal commissions.

Cons:

  • High Withdrawal Fees: Fees vary based on the payment method, with some methods being relatively expensive.
  • Inactivity Fees: $5 monthly inactivity fee after six months of no trading activity.

FXTM (ForexTime) Review

Feature Details
Established Year 2011
Regulation and Licenses FCA (UK), CySEC (Cyprus), FSCA (South Africa)
Ease of Use Rating 4.5 / 5
Bonuses Occasional promotions, depending on region
Support Hours 24/5 via Phone, Email, Live Chat
Trading Platforms MetaTrader 4, MetaTrader 5, FXTM Trader app
Account Types Advantage Account, Advantage Plus Account, Cent Account
Base Currencies USD, EUR, GBP, NGN, and more
Spreads From 0.0 pips on Advantage Account
Leverage Up to 1:2000 (based on account type and region)
Currency Pairs 60+ including major, minor, and exotic pairs
Minimum Deposit $/€/£ 100 (for Standard Account)
Inactivity Fee $5/month after six months of inactivity
Deposit Methods Credit/Debit Card, Bank Transfer, Skrill, Neteller
Withdrawal Methods Bank Transfer, Credit/Debit Card, E-Wallets
Educational Tools Webinars, eBooks, Video Tutorials, Trading Courses
Research Tools Market Analysis, Economic Calendar, Trading Central
Mobile Trading Yes (FXTM Trader app, MT4 and MT5 apps)
Additional Services Islamic (swap-free) accounts available

FXTM (ForexTime) Rating

FeatureRating
Regulation and Security★★★★★ (5/5)
Trading Platforms★★★★☆ (4.5/5)
Trading Conditions★★★★☆ (4.5/5)
Customer Support★★★★☆ (4/5)
Education and Research★★★★★ (5/5)
Overall Rating★★★★☆ (4.5/5)
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