Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

FXTM Review

4.09
13 reviews
PAYMENT SYSTEMS
  • Deposit
  • Withdrawal

FXTM general information

Founded in: 2010 year
Headquarters:
Cyprus
Offices in the country: United Kingdom, Nigeria
Minimum Deposit: 5 $
Website: www.forextime.com
Website languages:
English, Arabic, Vietnamese, Bahasa Indonesia, Spanish, Italian, Chinese, Korean, Malaysian, Persian, Polish, Russian, Thai, French, Czech
Execution model:
NDD, ECN
Deposit currency: USD, EUR, GBP
Support languages:
English, Arabic, Vietnamese, Bahasa Indonesia, Spanish, Italian, Chinese, Korean, Malaysian, Polish, Russian, Thai, French, Czech
Regulated by:
IFSC (Belize) license №IFSC/60/345/TS и IFSC/60/345/APM
SEBI (India)
CySEC (Cyprus) license №185/12
Mobile trading: iOS, Android
Types of offered accounts:
Unlimited Demo accounts, Standard accounts, ECN accounts, Cent accounts, Swap free счета, Micro accounts
Trust management: PAMM
Affiliate program: Yes

FXTM Forex broker description

Forextime brokers also known as FXTM is a renowned forex trader that has been in the forex industry since 2011. Ever since its inception, FXTM has managed to grow in leaps and bounds as evidenced by its great number in account opening said to have surpassed the 1 million mark.

Trading Accounts

FXTM trader has six trading account types each with their own special features that cater to the different needs of its many clients.

These accounts are the standard account, the cent account, and the shares account, the ECN zero account, the ECN account, and the FXTM pro account.

The FXTM standard Account

An account type that has been designed to suit everyone in the forex trading business. The following are the perks and features that come with this account type.

  1. Uses the United States dollar, the Great Britain pound, the Nigerian Naira and euro as its base operation currency unit.
  2. Instant execution.
  3. A vast range of trading instruments from cryptocurrencies, exotics and spot metals among many others.
  4. No commissions are charged.
  5. Allows for hedging.

The FXTM Cent Account

Just like its name implies, the cent account focuses on your account funds in form of cents. That is if you deposit a dollar, it will reflect as 100 cents.

The cent account has been designed to suit the needs of small-scale traders as well as newbies to the forex trading concept. The following are the features of the cent account.

  1. Minimum initial deposit of 5 dollars which will reflect as 500 cents.
  2. Offers tight floating spreads.
  3. A swap-free option is available.
  4. Available in the United States cents, the Nigerian kobo, the great British pence and euro cents as its currency unit.
  5. Instant execution.

The FXTM Shares Account

The shares account is an account that will allow you to exclusively deal in share CFDs. With almost 180 shares to choose from this is a lucrative account for share traders. Among the features of this account type include:

  1. Provision of real-time feed from NYSE and Nasdaq.
  2. Trade in over 180 shares with a guarantee of more forthcoming.
  3. No commission charged.
  4. A swap free option is available.

The ECN Zero Account

This is a special account and comes with the following features:

  1. No commission charged
  2. Tight floating spreads.
  3. Hedging and scalping allowed.

The Company. Security Of Funds

The company as earlier indicated was established in 2011, with the goal of providing unparalleled trading conditions suitable for any client that signs up with them. This translated to good customer relations and ultimately resulted in FXTM becoming a global brand in the world of forex trading.

Among the key factors that this firm puts into consideration is time as an asset. This is due to its importance in the world of forex trading as it will only take a second in fluctuating price for your fortunes to change. For this reason, they have specially designed platforms for their various accounts that help in the fast execution of trades.

FXTM has also invested in the best and professional personnel who ensure you have a hassle-free moment while trading which equals a nice customer experience. Your queries will be answered in time efficiently as well as offering you the much needed advisory services in your trading.

Courtesy of its performance and also FXTM customer comments and reviews, FXTM has managed to bag a host of awards to its name and the trend does not seem to slow anytime soon. To have its credibility in check, FXTM has all its licenses up to date and with a pass bill in its operation in every jurisdiction that it is present such as the financial conduct authority (FCA) from the United Kingdom.

FXTM ensures that client's funds entrusted to them are kept safely. For this, it has ensured the following measures that will also uphold its integrity as a credible trader.

  1. FXTM has a separate bank account for clients’ funds away from its own operating funds preventing the funds causing a mix-up.
  2. The clients' funds are stored with credible banks that safeguard these funds.
  3. FXTM is also a member of the Financial Commission that has a compensation fund in case the firm faces liquidity. So clients are assured of remittance of their funds in case of liquidation of the company.
  4. Utilizes a high technology encryption technique to prevent loss of funds through hacking.

Trading Conditions

Floating Leverage

The floating leverage system garnets leverage as high as 1:1000.

Spreads

FXTM provides lucrative and tight spreads going as low as 0.1 pips that will give you an advantage from the start of your trading.

Minimum Initial Deposit

The minimum initial deposit is $100 for a standard account and varies a little in the other account types. This initial deposit will serve as your first trading capital as well as your shield whilst trading.

Trading Platforms

FXTM utilizes the services among the best trading platforms that offer the best tools with features that make trade execution fast and easy. These platforms are the Meta Trader 4 and Meta Trader 5 platforms from Metaquotes.

The Meta Trader 4 Platform

An advanced trading platform that makes the trading experience superb to say the least. Among its features include:

  1. Advanced and user-friendly technology.
  2. Gives the client access to all major trading instruments.
  3. Multicurrency and multilingual support to cater for everyone irrespective of where they are from.

The Meta Trader 5 Platform

This is another notable platform that will guarantee a client the best trading experience courtesy of its features and tools.

The features of this platform include:

  1. Allows all execution modes.
  2. Has an extensive range of order types.
  3. Works with a range of operating systems from the mac, ios, windows and also android.

Promotions

The following are the promotions being offered by FXTM brokers:

  1. 30% cashback on your initial deposit. This is an exclusive promotion for clients from south Asia.
  2. 10% bonus on your deposits and is exclusive for clients from the Middle East.
  3. 30% deposit bonus for clients from Africa.
  4. 30% bonus on deposit for clients from South East Asia.

Deposit And Withdrawal Methods

Deposit and withdrawal of your funds is totally hassle-free and clearly outlined for you to maneuver through it perfectly. Depositing of funds into your account has a lot of modes including Neteller, skrill,mastercard and visa among other modes recognized internationally. The funds will take only a maximum of 24 hours to reflect on your account.

Withdrawal also uses the same channels as deposits and will charge a fee of no more than 2% of the amount withdrawn. Most transactions will take a maximum of 24 hours to be effected but in some situations, it may take up to 48 hours.

BRIEFLY ABOUT FXTM

FXTM is a very credible trader that knows what is good for their clients. This is evident in their specially tendered services aimed to serve each client’s needs as well as having professionals on standby to offer help when needed. This is a recommendable site for trading for both novice and experienced traders.

Trading accounts of FXTM

  • Standart
  • Cent
  • Shares
  • ECN
  • Pro
  • PAMM
Trading platforms: MetaTrader 4, Meta Trader 4 Mobile
Minimum Deposit : 100 $
Deposit currency :
USD - US Dollar
EUR - Euro
GBP - British Pound
Trading instruments:
Forex 1:1000
Metals 1:500
Stop Out:
20 %
Minimum position size:
0.01
Maximum position size:
30
Max. number of orders:
100
Execution type:
Instant Execution
Swap Free:
Yes
VIP Account:
No
Spread type:
Floating
Decimal places:
5 decimal places
Margin Call:
40 %
Speed ​​of execution:
0.001 sec.
Commission:
No
Phone trading:
Yes
Trading platforms: MetaTrader 4, MetaTrader 5, Meta Trader 4 Mobile, MetaTrader 5 Mobile, MetaTrader 4 MultiTerminal
Minimum Deposit : 5 $
Deposit currency :
USD - US Dollar
EUR - Euro
GBP - British Pound
Trading instruments:
Forex 1:1000
Metals 1:25
Stop Out:
40 %
Minimum position size:
0.01
Maximum position size:
1
Max. number of orders:
300
Execution type:
Instant Execution
Swap Free:
Yes
VIP Account:
No
Spread type:
Floating
Decimal places:
5 decimal places
Margin Call:
60 %
Speed ​​of execution:
0.001 sec.
Commission:
No
Phone trading:
Yes
Trading platforms: MetaTrader 4, MetaTrader 5, Meta Trader 4 Mobile, MetaTrader 5 Mobile, MetaTrader 4 MultiTerminal
Minimum Deposit : 100 $
Deposit currency :
USD - US Dollar
EUR - Euro
GBP - British Pound
Trading instruments:
Stock exchange
  • Stocks
Entry to stock exchanges
  • NASDAQ (USA)
  • NYSE (USA)
Stop Out:
20 %
Minimum position size:
0.01
Maximum position size:
10
Max. number of orders:
100
Execution type:
Instant Execution
Swap Free:
Yes
VIP Account:
No
Spread type:
Fixed
Decimal places:
4 decimal places
Margin Call:
40 %
Locked Margin level:
10 %
Speed ​​of execution:
0.01 sec.
Commission:
No
Phone trading:
No
Trading platforms: MetaTrader 4, MetaTrader 5, Meta Trader 4 Mobile, MetaTrader 5 Mobile, MetaTrader 4 MultiTerminal
Minimum Deposit : 500 $
Deposit currency :
USD - US Dollar
EUR - Euro
GBP - British Pound
Trading instruments:
Stop Out:
50 %
Minimum position size:
0.01
Maximum position size:
100
Max. number of orders:
Execution type:
Instant Execution
Swap Free:
Yes
VIP Account:
No
Spread type:
Floating
Decimal places:
4 decimal places
Margin Call:
80 %
Speed ​​of execution:
0.001 sec.
Commission:
2 USD for 1 lot
Phone trading:
No
Trading platforms: MetaTrader 4, MetaTrader 5, Meta Trader 4 Mobile, MetaTrader 5 Mobile, MetaTrader 4 MultiTerminal
Minimum Deposit : 25000 $
Deposit currency :
USD - US Dollar
EUR - Euro
GBP - British Pound
Trading instruments:
Stop Out:
80 %
Minimum position size:
0.01
Maximum position size:
100
Max. number of orders:
Execution type:
Market Execution
Swap Free:
Yes
VIP Account:
Yes
Spread type:
Floating
Decimal places:
4 decimal places
Locked Margin level:
50 %
Speed ​​of execution:
0.001 sec.
Commission:
No
Phone trading:
Yes
Trading platforms: MetaTrader 4, MetaTrader 5, Meta Trader 4 Mobile, MetaTrader 5 Mobile, MetaTrader 4 MultiTerminal
Minimum Deposit : 100 $
Deposit currency :
USD - US Dollar
EUR - Euro
GBP - British Pound
Trading instruments:
Stop Out:
20 %
Minimum position size:
0.01
Maximum position size:
100
Max. number of orders:
Execution type:
Market Execution
Swap Free:
Yes
VIP Account:
No
Spread type:
Floating
Decimal places:
4 decimal places
Margin Call:
40 %
Speed ​​of execution:
0.001 sec.
Phone trading:
Yes

Monitoring of FXTM's Pro account

FXTM spreads All spreads FXTM

Enable data feed
EUR/USD GBP/USD USD/CHF USD/CAD USD/JPY AUD/USD NZD/USD EUR/AUD
Live spread

N/A N/A N/A N/A N/A N/A N/A N/A
Average spread
for the past
30 days
Average spread Interval:
N/A N/A N/A N/A N/A N/A N/A N/A

FXTM quotes All quotes FXTM

Enable data feed
EUR/USD GBP/USD USD/CHF USD/CAD USD/JPY AUD/USD NZD/USD EUR/AUD
Ask
N/A N/A N/A N/A N/A N/A N/A N/A
Offers
N/A N/A N/A N/A N/A N/A N/A N/A

FXTM swaps All swaps FXTM

EUR/USD GBP/USD USD/CHF USD/CAD USD/JPY AUD/USD NZD/USD EUR/AUD
Long
-11.5 -12.7 4.5 0.2 3 -5.1 -1.4 -11.9
Short
4.5 2.8 -10.2 -9.8 -10.5 -1.9 -2.3 1.5

Contacts of FXTM

Representative office
United Kingdom , London Lloyd's Avenue, 5
show on the map
+44 203 734 22 55 Local number

Recent customer reviews of FXTM

Ursula Fischer 15 April 2018

Advantages: Reliable broker with consistent performance

Disadvantages: Missing trading instruments and bitcoin

Comment: my neighbor told me about this broker. Interesting enough, knowing i can invest and earn profit for a minumum trading amount with this company, so i did! their brokers is teaching me techniques and assistin me whenever i am trading. i still get confuse with their platform though. i have upgraded my account already and earning more profit now that i used to do. happy being online and earning at the same time. thankful to this broker.

Comment
Add a COMMENT
Mario Gonsalez 08 December 2017

Advantages: quick solution of any issues

Disadvantages: no

Comment: I can only say positive words about this broker. It is a broker who always shows updated strategies, and any questions can be discussed with employers by phone. If the flow is about investing in the PAMM-account, then FHTM think an excellent choice.

Comment
Add a COMMENT
Dikembe Mutombo 13 August 2017

Advantages: Account manager tips and clues, many tools to trade, good spreads

Disadvantages: None at all

Comment: This broker has done good work in Africa. I first heard about FXTM when they had a seminar here in South Africa, and I did not even know about forex. A friend had told me about it, and I learned a lot about the market at the seminar. Agents of the broker helped me set up an account and they even trained me on how to trade. Since then, I have been getting newsletters from FXTM that help me a lot. I am not a very good trader and the newsletters are very helpful. About the trading, it is also excellent because the trading platform is good, I use MT4 which I can add indicators to and they really help. I have never had any problem trading with FXTM ever since I started and I would recommend them to anyone within Africa, even those outside here.

Comment
Add a COMMENT

FXTM news & press-releases

All news FXTM
11 JANUARY, 2019
FXTM’s Market Outlook for Q1 2019 available for download now

The complete Market Outlook for the first quarter of 2019 is available for download now – for free!The past year saw dramatic political twists and financial market turmoil – but what might lie ahead for 2019? FXTM’s Market O ...

Read more
04 JANUARY, 2019
FXTM wins “Best Online Forex Trading Company – Nigeria” Award

FXTM is absolutely delighted to be the recipient of the “Best Online Forex Trading Company – Nigeria” award from the prestigious financial and business analysis magazine, International Finance. We are extremely proud for our ...

Read more
24 DECEMBER, 2018
Online banking for Indonesian clients now available from FXTM

FXTM is proud to add online banking for Indonesian clients to our growing list of payment options!Simple and secure, online banking makes it easier for traders in Indonesia to withdraw and deposit into their FXTM account. It ...

Read more

FXTM analisis & forecasts

All analysis FXTM
03 MAY, 2017
Fed day is finally here, any new signals?

Investors and traders across different asset classes are eager to know what the Fed is currently thinking, as U.S. equities sit at record highs, the U.S. dollar is close to November 2016 lows, and treasury yields are in a do ...

Read more
02 MAY, 2017
Sterling dragged back into the spotlight

The potential threat of complications and confrontations during Brexit negotiations could rekindle hard Brexit fears and expose Sterling to downside risks this quarter. Some difficulties have already materialized in the earl ...

Read more
02 MAY, 2017
Markets mixed despite VIX hitting a decade low

After returning from a long weekend, equity investors seem undecided on whether to be bullish or bearish. Stocks across Asian markets were mixed on Tuesday despite the CBOE Volatility Index hitting its lowest levels in a dec ...

Read more

FXTM webinars and seminars

16:26 29 MAY, 2018
Webinar: “Market Themes to Watch Out For” - FXTM

Take a look at what to look out for in the global market. Hosted by FXTM’s Lukman Otunuga, the free webinar will show you th ...

18:29 09 AUGUST, 2017
Webinar: “The Ultimate Trading Formula Strategy” - FXTM

FXTM’s Head of Education will lead a webinar that will discuss the importance of trend in Forex trading. This in-depth bre ...

21:07 18 JULY, 2017
Seminar: "Learn financial trading in Abuja" - Forextime

Forextime Nigeria is glad to present a seminar that will discuss the basic of Forex trading to new traders and investors. The semi ...

FXTM bonuses, contests and promotions

All bonuses, promotions, contests FXTM
Offer type : Promo offers (until 03.02.2019)
Double Loyalty Cashback - FXTM

FXTM has taken its cashback program to the next level! With its Double Loyalty Cashback, clients will receive double cashback on orders placed through ...

Offer type : Bonuses (until 30.06.2019)
30% Welcome Bonus - FXTM

To welcome new clients, FXTM is giving away a 30% welcome bonus! The bonus aims to give new clients more trading opportunities! With a minimum depos ...

Offer type : Bonuses (until 31.03.2019)
30% Deposit Bonus for clients in Africa - FXTM

Leading online Forex broker FXTM is giving 30% deposit bonus to its clients in Africa. Make a deposit within 30 days, and you will receive 30% extra ...

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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.
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