Introduction: FXTM (ForexTime) is a globally recognized forex and CFD broker, established in 2011 and licensed by top-tier regulatory authorities like the FCA (UK), CySEC (Cyprus), and FSCA (South Africa). With a wide range of trading instruments, competitive spreads, and a focus on trader education, FXTM has become a go-to choice for many traders worldwide.

Overview:

FXTM offers trading in over 300 instruments, including Forex, commodities, stocks, and cryptocurrencies. The broker is known for its user-friendly platforms and excellent customer support. FXTM provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, along with its proprietary FXTM Trader app, enabling clients to trade seamlessly on the go.

Regulation and Security:

Regulation is one of FXTM’s strongest points. The broker is regulated by the FCA in the UK, CySEC in Cyprus, and the FSCA in South Africa. This ensures compliance with strict financial standards and provides a secure trading environment. Clients benefit from negative balance protection, ensuring they never lose more than their initial investment.

Trading Platforms:

FXTM specializes in the industry-standard MT4 and MT5 platforms. MT4 is known for its simplicity and extensive library of indicators, while MT5 offers advanced features like additional timeframes, market depth, and partial order filling. Both platforms are available on desktop, web, and mobile, catering to various trading needs.

Account Types:

FXTM offers three main types of accounts: Advantage, Advantage Plus, and Cent Accounts.

1. Advantage Account: This account provides raw spreads from 0.0 pips, with commissions starting as low as $0.40 per lot. It is ideal for experienced traders looking for cost-efficient trading.
2. Advantage Plus Account: Designed for more traditional traders, this account has no commissions, with spreads starting from 1.5 pips.
3. Cent Account: Suitable for beginners, the Cent Account allows trading with very small amounts and a low minimum deposit of $10.

Fees and Spreads:

FXTM’s fees vary depending on the account type. The Advantage Account offers the lowest spreads, starting from 0.0 pips, while the Cent Account starts from 1.5 pips. There are no deposit fees, but withdrawal fees may apply depending on the payment method. Additionally, an inactivity fee of $5 is charged monthly after six months of no trading activity.

Education and Research:

FXTM stands out for its extensive educational resources. The broker provides webinars, tutorials, eBooks, and trading courses. For more experienced traders, FXTM offers market analysis, economic calendars, and trading signals through Trading Central.

Customer Support:

FXTM’s customer support is available 24/5 through various channels, including phone, email, and live chat. The broker supports multiple languages, making it accessible for traders worldwide.

Final Verdict:

FXTM is an excellent broker for both beginners and experienced traders. Its strong regulatory standing, low spreads, and comprehensive educational tools make it a top choice in the industry. However, traders should be aware of the inactivity and withdrawal fees that may apply.

FXTM (ForexTime) Review

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