Broker Details
ForexTime (FXTM) Broker Review – A Comprehensive & In-Depth Analysis
Introduction
ForexTime (FXTM) is a globally recognized forex and CFD broker, known for its fast execution, low spreads, and a wide range of trading instruments. Established in 2011, FXTM has gained popularity among traders due to its strong regulatory framework, advanced trading platforms, and diverse account types. The broker offers Forex, Indices, Commodities, Cryptocurrencies, and Stock CFDs, catering to both beginners and professional traders.
In this review, we will cover account types, trading conditions, deposit and withdrawal details, trading platforms, broker type (ECN/STP), offers, bonuses, contests, headquarters, and overall performance.
Headquarters & Regulation
Headquarters:
📍 Limassol, Cyprus
Official Address: FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, Limassol, Cyprus
Regulation & Security
FXTM is regulated by multiple top-tier financial authorities, ensuring a secure and transparent trading environment:
- CySEC (Cyprus) – License No. 185/12
- FCA (United Kingdom) – License No. 600475
- FSCA (South Africa) – License No. 46614
- FSC (Mauritius) – License No. C113012295
Fund Security & Safety Measures
✔ Client funds are held in segregated accounts
✔ Negative balance protection is available for retail traders
✔ Advanced SSL encryption & cybersecurity protocols
✅ Verdict: FXTM is a highly regulated and secure broker with strong fund protection policies.
Broker Type – ECN & STP Trading Model
ForexTime (FXTM) operates on a hybrid ECN/STP execution model, offering traders direct market access (DMA) with no dealing desk (NDD) intervention.
- ECN Trading (Advantage Account): Provides tight spreads from 0.0 pips, low commissions, and direct liquidity access.
- STP Execution (Standard Account): Offers commission-free trading with slightly higher spreads, suitable for beginners.
✅ Verdict: FXTM provides both ECN and STP execution models, making it a great choice for scalpers, day traders, and institutional traders.
Trading Accounts & Conditions
FXTM offers three main account types, each tailored to different trading needs:
| Account Type | Spreads | Commission | Min Deposit | Leverage | Broker Type | Trading Platform |
|---|---|---|---|---|---|---|
| Standard (STP) | From 1.3 pips | No commission | $10 | Up to 1:2000 | STP | MT4, MT5, WebTrader, FXTM Mobile App |
| Cent (STP) | From 1.5 pips | No commission | $10 | Up to 1:1000 | STP | MT4, WebTrader, FXTM Mobile App |
| Advantage (ECN) | From 0.0 pips | $0.40 – $2 per lot | $500 | Up to 1:2000 | ECN | MT4, MT5, WebTrader, FXTM Mobile App |
Minimum Deposit & Withdrawal Details
- Minimum Deposit: Starts from $10 for Standard & Cent accounts, $500 for ECN Advantage accounts
- Minimum Withdrawal: $5 (varies by method)
- Deposit Methods: Bank Transfer, Credit/Debit Cards, Skrill, Neteller, PayPal, Crypto Payments
- Withdrawal Methods: Bank Transfer, Credit/Debit Cards, Skrill, Neteller, PayPal, Crypto Payments
- Processing Time: Instant for most deposits; withdrawals take 1-3 business days
✅ Verdict: FXTM provides low minimum deposits and fast, secure withdrawal options with no hidden fees.
Trading Instruments
FXTM offers a diverse range of trading assets, allowing traders to access global markets:
- Forex: 60+ currency pairs (Majors, Minors, Exotics)
- Indices: NASDAQ, S&P 500, Dow Jones, FTSE 100, DAX 40
- Commodities: Gold, Silver, Oil, Natural Gas
- Stocks: 300+ global stock CFDs
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple
✅ Verdict: FXTM provides a well-diversified range of trading instruments with competitive spreads.
Trading Platforms – MT4, MT5, WebTrader & FXTM Mobile App
FXTM offers multiple trading platforms, catering to all types of traders:
MetaTrader 4 (MT4) & MetaTrader 5 (MT5)
✔ Industry-leading platforms
✔ Advanced charting tools & indicators
✔ Supports automated trading (Expert Advisors – EAs)
WebTrader
✔ Accessible via any browser
✔ No downloads required
FXTM Mobile App
✔ Trade on the go with real-time market access
✔ Instant price alerts & push notifications
✅ Verdict: FXTM provides powerful and flexible trading platforms for desktop, web, and mobile traders.
Offers, Bonuses & Promotions
FXTM frequently offers various promotions and trading bonuses, including:
- 30% Deposit Bonus – Available for new clients on their first deposit.
- Loyalty Cashback Program – Traders earn cashback on trading volume.
- Referral Bonus – Earn rewards for referring friends.
✅ Verdict: FXTM provides some of the best bonus and promotional offers in the forex industry.
Demo & Real Trading Contests
FXTM regularly hosts demo and live trading contests, allowing traders to compete for real cash prizes and trading credits.
- Demo Trading Contest: Risk-free practice for new traders with the chance to win real money.
- Live Trading Contest: Periodic contests with real cash rewards.
✅ Verdict: FXTM offers exciting trading contests to engage traders.
Trading Fees & Costs
FXTM provides low trading fees, especially for its ECN accounts.
| Fee Type | Advantage ECN Account | Standard STP Account |
|---|---|---|
| Spread | From 0.0 pips | From 1.3 pips |
| Commission | $0.40 – $2 per lot | No commission |
| Swap Fees | Yes (varies by asset) | Yes (varies by asset) |
✅ Verdict: FXTM provides low-cost trading with competitive spreads and commissions.
Final Verdict – Is FXTM a Good Broker?
FXTM is a top-tier ECN/STP forex broker, offering tight spreads, flexible account options, generous bonuses, and fast execution speeds.
For traders looking for low trading costs, a wide range of instruments, and strong regulatory protection, FXTM is an excellent choice. 🚀
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