FXTM Review 2023 – Pros and Cons

UPDATED ON :

FXTM, or ForexTime, is an online forex broker founded in 2011. The company is headquartered in Limassol, Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC), as well as several other regulatory bodies around the world.

FXTM offers a wide range of trading instruments, including over 50 currency pairs, as well as CFDs on stocks, commodities, and cryptocurrencies. The company also offers a variety of account types, including standard, ECN, and Islamic accounts.

FXTM

Brokers Name

FXTM

Regulation

CySEC, FCA, FSC

Established

2011

Headquarters

Mauritius

Trading Desk

ECN/DMA, Market Maker

USA Clients

no

24H Support

Yes

Weekend Support

no

Website Language

English, Chinese

Account Details

Accounts

Micro Account, Advantage Account, Advantage Plus Account, Demo Accounts

Min. Deposit

$10

Base Currencies

EUR, USD, GBP

Leverage

1:500

Spreads

1.5 pips

Fixed Spread

Yes

Margin Call / Stop Out

50% / 20%

Trading Platform

MT4, MT5

Trading Instruments

Forex, Metals, Commodities, Indices, Stock, CFDs

Pros

  • Regulated by multiple reputable bodies
  • Wide range of trading instruments
  • Multiple account types
  • Competitive spreads
  • Educational resources available
  • Multiple award-winning broker

Cons

  • Limited availability in certain countries
  • US clients not accepted

Trading Features

Commission

Yes

Mini Accounts

Yes

Standard Accounts

Yes

VIP Accounts

no

Pro Accounts

Yes

Islamic Accounts

Yes

Segregated

no

Managed Accounts

no

Demo Accounts

Yes

Trading Services

Hedging

Yes

News Trading

Yes

Scalping

Yes

Automated Trading

Yes

Trading Signals

no

Educational Service

Yes

Copy Trading

no

Mobile Trading

Trading Markets

Indices

Yes

Forex

Yes

CFDs

Yes

Commodities

Yes

ETFs

Yes

Stocks

Yes

Bonds

Yes

Crypto

Yes

Funding

Deposit

Bank Transfer, Visa, MasterCard, Maestro, Google Pay, Skrill, Neteller, GlobePay, PerfectMoney, PayRedeem

Withdrawal

Bank Transfer, Visa, MasterCard, Maestro, Google Pay, Skrill, Neteller, GlobePay, PerfectMoney, PayRedeem

Contacts

Phone

+44 20 3734 1025

Email

support@fxtm.com

Address

Exinity Limited, 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius

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