FXTM Review

What is FXTM

FXTM is a global CFD and Forex broker, established in 2011 with headquarters in Cyprus.

The company is operating various entities and is regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the United Kingdom, FSCA in South Africa and CySEC Cyprus.

FXTM Highlights

🗺️ Regulated in	UK, Cyprus, South Africa, MAutirius
🛡️ Is FXTM safe to trade	Yes
💵 EUR/USD spread	1.9 pips
🏦 Deposit	Cards, Bank Transfer, PayPal, Skrill, Neteller
💰 Minimum deposit	US$10
🏦 Withdrawal	Cards, Bank Transfer, PayPal, Skrill, Neteller
💻 Trading platform	MT4, MT5, FXTM Trader
💳 Trading markets	Forex, CFDs on Shares, Indices, Commodities, Cryptocurrencies
📈 Number of product	250+
📉 Live chat response	Instant and relevant answers

Regulation

License and regulation are the keys to fund security. We check two facts the broker’s background with its licenses, and how trader is protected if something goes wrong.

Is FXTM legit

FXTM is regulated and holding licenses of several financial authorities, including the top-tier UK Financial Conduct Authority (FCA).

The main entity in Cyprus is regulated by CySEC and recently received a license from the Financial Sector Conduct Authority (FSCA) South Africa.

FXTM Licenses and Regulatory status

Entity	Registered in	Regulator	License no.	Status
Exinity UK LTD (ForexTime UK Limited)	United Kingdom	Financial Conduct Authority (FCA)	777911	Currently Regulated
ForexTime Limited	Cyprus	Cyprus Securities and Exchange Commission (CySEC)	185/12	Currently Regulated
ForexTime Limited	South Africa	Financial Sector Conduct Authority (FSCA)	46614	Currently Regulated
Exinity Limited	Mauritius	Financial Services Commission (FSC)	C113012295	Currently Regulated

Is FXTM safe

Yes, FXTM is considered safe because it is regulated by the top-tier FCA, and additional regulators.

FXTM operates four legal and fully regulated entities for global expansion.  The point of the entity also applies regulatory rules with safety restrictions to particular residents, also the amount of protection in case of insolvency.

FXTM Compensation Scheme

Entity	Compensation Amount	Negative Balance Protection
Exinity UK LTD (ForexTime UK Limited)	£85,000	Yes
ForexTime Limited	€20,000	Yes
ForexTime Limited (South Africa)	No compensation	Yes
Exinity Limited	No compensation	Yes

We recommend registering your account with the UK entity or, if it’s available for you as we consider this regulation the best

FXTM applies negative balance protection for all retail traders.

Markets and Products

At FXTM you can trade Forex, Spot Metals and CFDs on Stocks, Commodities, Cryptocurrencies and Indices.  

From the downsides the range of each asset group instruments is rather basic.

Markets	Instruments
Forex	57
ETFs	11
Commodities	6
Cryptocurrencies	4
Shares	174

Account types

Fees and commissions

FXTM fee levels we ranked as average and low for ECN accounts based on the instrument and compare to 150 brokers that we check through Live account spread.

Spread for popular instruments we collect for 6 markets and 150 brokers

Markets	Instruments	Low	Average	High
Forex	EUR/USD	0.1-0.9	1-1.5	1.6 or higher
Indices	US 500	0.1-0.4	0.5-1.4	1.5 or higher
Commodities	Gold	0.1-0.4	0.5-2	2.1 or higher
Stocks	Tesla	0.1-0.5	0.6-1	1.1 or higher
ETFs	US Russell 2000	0.1-0.4	0.5-1.4	1.5 or higher
Cryptocurrencies	Bitcoin	0.1-0.5%	0.6-0.9%	1% or higher

Spreads

FXTM costs are mainly built into a spread depending on the account type you use for trading plus overnight charges or SWAPS. Invest account automatically charged a fee for copy trading as a portion from the profit.

Comparing the spreads derived from Standard Live Account with o commission charges to industry benchmarks, we rank FXTM Live Spread is average.

Markets	Instruments	FXTM Spread	Other brokers’ avg spread
Forex	EUR/USD	1.7	1-1.5
Indices	US S&P500	0.6	0.5-1.4
Commodities	Gold	0.4	0.5-2
Stocks	Tesla	1.5	0.6-1
ETFs	US Russell2000	0.7	0.5-1.4
Cryptocurrencies	Bitcoin	0.36%	0.6-0.9%

Other Fees

FXTM non-trading fees are favorable. There is no fee for deposits, but some withdrawal methods may add on fees. Plus there is an inactivity fee of 5$ for an account deemed inactive for 6 months.

Trading Conditions

FXTM trading conditions are good various trading strategies, copy trading, scalping and hedging are allowed.

Trading Conditions	Yes/No
Hedging Allowed	Yes
Scalping Allowed	Yes
Change Leverage Allowed	Yes

Hedging is supported via FXTM MT5 with no time limits.

Scalping is allowed, Expert Advisors (EAs) and free VPS is included in MT5 platform, MT4 allows to connect VPS from external providers.

The use of leverage and change of its levels is included and depending on the FXTM entity, Exinity Ltd allows maximum leverage up to 1:2000 and European traders restricted to 1:30.

Deposit

FXTM charges no deposit fees. You can use bank transfer, Credit or Debit cards, and various electronic wallets.

A bank transfer can take several business days, while payment with credit/debit cards is instant.

Deposit Method	Funding Time	Fee
Wire Transfer	3-5 business days	Free
Credit Card	2 Hours	Free
Skrill, Neteller, DotPay	2 Hours	Free
PayPal	Instant	Free
WesternUnion	24 – 48 hours	Free

Minimum Deposit

The Minimum deposit depending on the account type you select, the minimum amount is 10 EUR/USD/GBP for Cent Account, other Standard Accounts demanding 100$ and ECN account minimum is set to $/€/£ 200.  

Withdrawal

FXTM charges no fees for withdrawals, but depending on the methods fees may vary.

Funds are withdrawn through My FXTM Account area using the methods as deposits. FXTM confirms and processes withdrawal requests within same business day, where additional payment provider processing may follow.

Bonus

There are various Bonuses at FXTM, you can receive rewards through a loyalty program and get 30% deposit bonus. Bonuses are available for Exinity Ltd traders, and EU professional clients.

Trading Platform

FXTM offers 3 trading platforms MetaTrader4, MetaTrader5 and FXTM Trader a Mobile App for Android and iOS devices

MT4

FXTM MT4 supporting a great number of languages and accessible across all devices including Windows and Mac. The newer version MT5 supporting hedging and offered additional strategy analysis and signals.

Research and Tools

There is great range of research at FXTM.

Various tools including standard Economic Calendars, Alerts, News and market insights, and additionally you get Trading signals, MT4 Indicators and Pivot Points Strategy with Risk Management tools.

On the flip side, there is no Market research and fundamental analysis.  

FXTM Research tools available on:

• FXTM trading platforms
• FXTM – Trading Tools section

Education

FXTM education materials and content is rich.

You can learn through education videos, tutorials, detailed articles, online webinars and seminars, also regularly held contests.  

On its negative side comprehensive education necessary for beginners is not provided, brokers proposal might more suit traders with experience.

At FXTM you can learn:

• Demo account and Contests
• Tutorial videos and trading guides
• Webinars and local Seminars

Demo

Demo Account is available for all offered account types across FXTM platforms. Easy switch between Live and Demo modes remains active.

Customer Service

FXTM customer supported we rank excellent.

There is informative FAQ section on website and customer Agents available 24/5 supporting Live Chat, various messengers. We also got clear answer on Live Chat.

FXTM Customer Support supports various languages via:

• Live chat, Messenger, Telegram,
• Phone line and Call back
• Email

FXTM Live chat response is quick speed, the chat agents are well rounded

Question Asked	We ask about differences between account types.
Time of Reply	We connect to Live Chat within minutes and responses were prompt.
Quality of Reply	The answer is clear and detailed.

Conclusion

FXTM is a safe broker to trade. FXTM has good reputation and offers comprehensive range of accounts, execution models also investment options.

Also, you can choose FXTM entity and suitable conditions, while if its possible for you, we would recommend trading with the UK entity.

We recommend FXTM for scalpers and invest traders for copy trading.