Review:Regulation:Asset:Min. Deposit:Min. Spread:
4.9 out of 5 stars (4.9 / 5)FCA, CySEC, FSCA5 classes, 250+ markets$/€/£ 10Variable 0.0 pips

FXTM Logo

Is there such a broker that exists that suits all types of traders? FXTM (Forex Time) is an award-winning global broker that is known for giving several options and choices to its client to get more from their trades. How serious is FXTM? Is the broker legit and reliable? The brand commits to provide transparent trading experience. Is this true? Let’s find out together in this review.

FXTM (Forex Time) Official Website

FXTM (Forex Time) Official Website

Regulation and security of customer funds
Professional customer support
Good trading conditions

What is FXTM? – The company presented

Forex Time (FXTM) is a leading global broker that offers traders the ability to trade Forex and CFDs. FXTM is founded by Andrey Dashin in the year 2011. The brand specializes in leveraged trading, which gives traders the potential to generate financial returns on both rising and falling prices across Forex, indices, commodities, and shares. The brand dedicates itself in giving its best to serve its clients, both experienced (professional) and beginner. This broker is trusted by over 2 million individuals worldwide. FXTM has gathered more than 25 awards for its products and services since it started in the trading industry.

People behind FXTM

People behind FXTM

Facts about FXTM:

  • Founded in 2011
  • Founder: Andrey Dashin
  • Global broker
  • Forex and CFD broker
  • Available in more than 150 countries

(Risk Warning: 80% of CFD accounts lose money)

Is FXTM regulated? – Regulation and safety for customers

Before trading with any broker, make sure that the broker is regulated. Regulation is a license gained by the broker that passed certain criteria in order to operate legitimately in the trading industry. Without this regulation, the broker is not authorized and is not legit. It is important for us as traders to protect our money and investments. This regulation will serve as your protection from scammers circulating online.

FXTM is regulated by top-tier regulators. It is regulated by the Financial Conduct Authority (FCA) in the UK with license number 777911,  Cyprus Securities and Exchange Commission (CySEC) in EU with CIF license number 185/12, and Financial Sector Conduct Authority (FSCA) in other countries.

FXTM (Forex Time) is regulated by top-tier regulators

FXTM (Forex Time) is regulated by top-tier regulators

FXTM is regulated by the following:

Financial security

The security of our finances and investments is our top priority as traders. FXTM understands this and that is why the brand all its services offer full segregation of funds for retail clients. These funds are kept in top-tier banks and fully segregated from the assets of the firm. The brand is a member of the Investor Compensation Fund (ICF), which is a scheme that serves to protect retail clients and compensate the clients in the event that the company fails to return funds and financial instruments belonging to those clients, due to financial problems, as applicable.

Also, the FXTM adopted the SSL (Secure Sockets Layer) network security protocol. This is to guarantee a secure connection for all communications with its clients. It also protects customers during transactions with the company. Additionally, FXTM commits to provide complete transparency to its clients. Furthermore, during the process of opening an account with FXTM, there is a security pin being sent to the phone number or email entered during the registration. This is extra security measures the brand practices in order to maintain the safety and security of its clients in its trading environment as a broker.

Summary of regulations and financial security:

  • Regulated and authorized
  • Transparent broker
  • Segregated client funds in top-tier banks
  • Investor Compensation Fund
  • SSL (Secure Sockets Layer) network security protocol
  • Secure trading environment

Review of trading conditions – What can FXTM offer?

Trading conditions offered are important in choosing a Forex Broker. When you trade with FXTM (Forex Time), you would have a lot of trading options to choose from. You can choose from more than 250 financial instruments. You can trade Forex, Spot Metals, Stock CFDs, CFDs on indices, and CFDs on commodities. It offers currency pairs, tight spreads, free demo account with free virtual funds, and is definitely a secure and reliable broker. FXTM gives its clients a number of options in choosing what type of account the trader would like to use or what type fits him/her best. This is an advantage when trading with this broker because you won’t run out of choices. Plus, the brand commits to transparency to its customers.

FXTM gives its best to be able to give its clients the ability to go on their full potential and get more from trading. The brand can be considered as a broker for all types of traders due to the products and services it offers.

Trade with FXTM Spot Metals and Currency Market

Trade with FXTM Spot Metals and Currency Market

There is no doubt that FXTM is a good broker. It gives full support to its clients, especially it offers numerous free educational resources. This includes ebooks, exclusive webinars, and seminars, and may more. Also, the customer support, the service, and its products have won several awards. Customer support is multilingual with more than 30 available languages. FXTM offers multiple options of platforms (MT4/MT5/FXTM Trader) as well that will surely fit any type of trader, both beginner and professional.

FXTM (Forex Time) conditions for traders

FXTM (Forex Time) conditions for traders

FXTM has a lot to offer to any trader that will choose to trade with them. With a low minimum deposit of $10 and spreads from 0.0 pips, we can say that FXTM is suitable for any type of trader. The spreads are depending on your account type. There is also the possibility of using a swap-free account (more on the account types later).

Facts about the conditions for traders:

  • Secure and regulated
  • Transparent trading experience
  • Segregated client funds in top-tier banks
  • Offers free educational materials
  • Trade Forex and CFDs (250+ markets)
  • Tight spreads from 0.0 pips
  • Minimum deposit $/€/£ 10
  • Several accounts options
  • Leverage 1:30 (professional traders can get higher leverage)
  • Competitive platforms (MetaTrader 4/5)

(Risk Warning: 80% of CFD accounts lose money)

Test of the FXTM Trading Platforms

FXTM offers platforms that are suitable for any type of trader – beginner or professional. The brand offers platforms that you can trade anytime and anywhere you want as long as connected to the internet.

FXTM (Forex Time) Trading Platforms

FXTM (Forex Time) Trading Platforms

FXTM Platforms:

  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • FXTM Trader

MetaTrader 4 (MT4)

FXTM offers the most popular and well-known platform amongst traders – the MetaTrader 4 Platform (MT4). A stand-alone online platform that is developed by MetaQuotes Software. This platform is no doubt famous and the choice of the majority of traders due to its features, functions, and capabilities. FXTM’s MT4 is available and free to download on PC, Mac, mobile, and tablet. It is available in more than 20 languages.

MT4 with FXTM provides traders access to a range of markets and several different financial instruments. These instruments include foreign exchange, commodities, indices, and CFDs. It has helpful tools that are helpful in analyzing markets and as well as managing trades. Also, it offers easy-to-read interactive charts and access to over 30 technical indicators that will surely help traders identify market trends and signals for entry and exit points. It gives confidence and security due to the fact that it has a powerful security system and multi-device functionality.

FXTM (Forex Time) MetaTrader 4 Platform

FXTM (Forex Time) MetaTrader 4 Platform

MetaTrader 5 (MT5)

MetaTrader 5 (MT5) is the latest and advanced trading platform developed by MetaQuotes Software. FXTM’s MT5, like MT4 Platform, it is also available and free to download on PC, Mac, mobile, and tablet. However, MT5 is available in more than 30 languages, unlike MT4 that only has more than 20 languages. MT5 has a smart interface that enhances the overall trading experience of a trader. Also, it has rich functionality, fundamental technical analysis, built-in copy trading, and automated trading. This platform has 44 graphical objects and has an integrated economic calendar. Additionally, MT5 includes a multi-threaded strategy tester, convenient fund transfer between accounts, and system alerts that will surely keep you updated with the markets’ trend.

FXTM (Forex Time) MetaTrader 5 Platform

FXTM (Forex Time) MetaTrader 5 Platform

FXTM Trader

FXTM Trader gives traders the ability to trade on the palm with their hands. This platform is designed for mobile trading and on-the-go trading. This App is available and free to download in AppleStore (for iOS) and GooglePlay (for Android). The app id simple, yet powerful, and user-friendly. It hs more than 250 trading instruments, can keep you on track with your balance, profit, and lastest rates. FXTM Trader is a secure and safe app, the currency rates are available 24/5 and have unlimited access to MyFXTM, that enables you to deposit, withdraw, and monitor your funds in seconds. This platform offers convenience, simplicity, and will surely give you a great trading experience, wherever you go and whenever you want.

FXTM trader for mobile devices

FXTM trader for mobile devices

Professional charting and analysis is possible

Charting options with FXTM are good and the brand has advanced charting tools. Traders can choose multiple time frames with FXTM to track the markets, can conveniently add multiple indicators, plus it is highly customizable. Charting is very important in trading because it is a graphical representation of the market movements and volatility. It helps traders better determine what step should be taken in order to get successful trades. FXTM has a professional charting system that is user-friendly.

Technical analysis is also one thing you should know and use for better trades. This strategy helps you predict future trends that enable you to identify trading opportunities in either direction. This makes sense due to the fact that technical analysis uses past data of asset price movement and volume. FXTM offers platforms that are competitive and have good indicators. Also, it has powerful integrated tools giving you a great trading experience.

FXTM (Forex Time) Charting

FXTM (Forex Time) Charting

FXTM Trading Tutorial: How to trade

Trading requires decision making and analysis of the markets. Obviously, before getting successful trades, you should know how trading works. Markets can be considered as the bloodstream of trading. This is due to the fact that with the movements of the markets, with price going up and down, its volatility keeps trading alive and possible. You should know first which market you would like to analyze and trade. It is easier to decide whether to buy or sell when you understand the volatility of the markets.

For instance, if you think that the market value is going to fall, then choose to sell instead of buy. But, if you think that the price is going to increase in value, choose to buy instead of sell. Then right after, analyze the asset and determine a forecast of the price movement. Open order mask in the platform. Next, customize your position and choose the order volume. Lastly, decide whether to buy or sell.

FXTM Order Mask

FXTM Order Mask

Step by step tutorial:

  1. Select the asset you wish to analyze
  2. Analyze the asset and determine a forecast of the price movement
  3. Open order mask in the platform
  4. Customize your position
  5. Choose the order volume
  6. Decide whether to buy or sell

(Risk Warning: 80% of CFD accounts lose money)

Free FXTM Demo Account

We highly recommend getting a free demo account first before going live. This is due to the fact that trading requires a high risk of money and investments. You should know first if you truly understand trading and how it works before deciding to trade real funds. As much as possible, we would like to avoid unintended trading executions.

FXTM offers its clients a free demo account, specifically on formats or account types of the following: Standard, Cent, ECN, and ECN Zero. The brand believes that these account types are perfect to practice with (both beginner and professional). These accounts have real market conditions and traders can definitely practice an experiment with different trading strategies. It has free virtual funds with it so traders can practice their trading skills without risking real money.

How to open an account with FXTM

Opening an account with FXTM (Forex Time) is easy. You need to fill in the necessary details needed in order to register. This includes your first and last name, phone number, country of residence, email, and simply create a password to secure your account. For security purposes, during the registration, you will receive a pin to the phone number that you have entered.

Register an account with FXTM (Forex Time)

Register an account with FXTM (Forex Time)

Accounts types with FXTM

FXTM live trading accounts have their own conditions. It is tailored to different types of traders depending on their individual needs, investment goals, and financial background. FXTM commits to be the broker that suits any type of trader, whether beginner or professional. With this said, the account types are designed to specific trading level experience, and wherever market the trader has the interest to trade with. The brand has made these several options of accounts so traders can choose which suits them best.

FXTM standard accounts

FXTM standard accounts

The Standard Accounts are categorized into three types: Standard Account, Cent Account, and Shares/Stock CFDs Account.

These accounts are available on MetaTrader 4 (MT4) platform. The account currency for the three accounts is USD / EUR / GBP (for Cent Account specifically,  US Cent / EU Cent / GBP Pence). Both the Standard Account and Cent Account offers a free demo account, however, Shares/Stock CFDs Account doesn’t. All three have the same Limit & Stop Levels of 1 spread, Margin Call of 80%, Order Execution is instant, swap-free, no commission, 50% Stop Out, Minimum Volume in Lots per Trade and Step Lot is 0.01.

Standard Account and Shares/Stock CFDs Account requires a minimum deposit of $/€/£ 100, while the Cent Account requires $/€/£ 10. The spread of each is different. With Standard Account, it is from 1.3, Cent Account from 1.5, and Shares/Stock CFDs Account from 0.3.

FXTM ECN accounts

FXTM ECN accounts

The ECN Accounts are categorized into three types as well namely: ECN Account, ECN Zero Account, and FXTM Pro Account. All three accounts are available on MetaTrader 4 and 5 (MT4 and MT5) Platforms. Both ECN Zero Account and ECN Account offer free demo available except FXTM Pro Account. The account currency for all accounts is USD / EUR / GBP, Margin Call of 80%, Stop Out of 50%, swap-free for MT4 platform (except MT5), Maximum Number of Orders is unlimited, Maximum Number of Pending Orders is 300, Minimum Volume in Lots per Trade and Step Lot of 0.01. ECN Accounts require a different amount of minimum deposit. The ECN Account is $/€/£ 500, while ECN Zero Account requires $/€/£ 200, and FXTM Pro Account requires $/€/£ 25 000. The spread of each is different as well. With ECN Account, it is from 0.1, ECN Zero Account from 1.5, and FXTM Pro Account from 0 pips.

Account types:

Standard (MT4)

  • Standard Account (Spread from 1.3 pips)
  • Cent Account (Spreads from 1.5 pips)
  • Shares/Stock CFDs Account (Spreads from 0.3 pips)

ECN (MT4/MT5)

  • ECN Account (Spreads from 0.1 pips)
  • ECN Zero Account (Spreads from 1.5 pips)
  • FXTM Pro Account (Spread from 0.0 pips)

(Risk Warning: 80% of CFD accounts lose money)

Reviews of deposit and withdrawal

FXTM wants to give its traders a convenient way to process payments. This is why the brand has chosen the following payment methods. The process of both deposits and withdrawals with FXTM is simple, straight forward and hardly takes up any of the traders’ time. The brand commits to constantly striving to offer more options to its clients.

Payment Methods accepted by FXTM (Forex Time)

Payment Methods accepted by FXTM (Forex Time)

Payment methods can be used with FXTM:

  • Debit/Credit cards (VISA/MasterCard/Maestro)
  • E-wallets
  • Bankwire
  • Bank Transfer
  • Local Transfer
  • Skrill
  • Neteller
  • WebMoney
  • Western Union
Deposit Method:Currency:Processing Time:
Credit/Debit Cards (VISA/MasterCard/Maestro)EUR, USD, GBPMax. 2 Hours
Bankwire (Deutsche Handelsbank)EURMax. 3-5 business days
SkrillEUR, USD, GBP, PLN, CZKMax. 2 Hours
NetellerEUR, INR, USD, GBP, PLN, NGNMax. 2 Hours
Western UnionUSMax. 24-48 Hours
Alfa ClickRURMax. 2 Hours
DotpayPLN, EURMax. 2 Hours
Yandex.MoneyRURMax. 2 Hours
QIWIRURInstant

There are no fees on deposits, however, for withdrawal, the fee depends on what payment method is used. For instance, if you use credit/debit cards, the fee is 2 EUR/ 3 USD/ 2 GBP. For e-wallets like QIWI and YandexMoney, there is a charge of at least 1.5% of the amount being withdrawn. On the other side, e-wallets like Skrill and Neteller does not have any withdrawal fee. And lastly, for bank wire, the charge depends on the currency, for GBP is 25 and for EUR is 20.

Withdrawal Method:Currency:Processing Time:
Credit/Debit Cards (VISA/MasterCard/Maestro)EUR, USD, GBPSame business day
Bankwire (Deutsche Handelsbank)EUR, GBP24 Hours
SkrillEUR, USD, GBP, PLN, CZKSame business day
NetellerEUR, INR, USD, GBP, PLN, NGNSame business day
Yandex.MoneyRURSame business day
QIWIRURSame business day

Fees and costs for FXTM traders

Fees and costs in trading with FXTM depends on which account you choose to use. For instance, as discussed earlier in the section of ‘Account Types’, each account has a corresponding minimum deposit requirement. The Standard Account and Shares/Stock CFDs Account requires a minimum deposit of $/€/£ 100, wand the Cent Account requires $/€/£ 10. While the ECN Account is $/€/£ 500 minimum deposit, ECN Zero Account requires $/€/£ 200, and FXTM Pro Account requires $/€/£ 25 000. Most of the accounts are swap-free and charges no commission.

Facts about fees:

  • Minimum deposit $/€/£ 10
  • Swap-free and charges no commission (in some account types)
  • No inactivity fees
  • Trading fees depending on your account type (Spread, commission)

Support and service of FXTM

 You can contact the support of FXTM through phone, email, and live chat. The support operates Monday to Friday, from 8:00 AM to 6:00 PM (Europe/Nicosia times), and during weekends it is closed. Also, there are other channels you can contact FXTM customer support. It is available in apps like WhatsApp, Viber, Messenger, and Telegram. They also offer callbacks. Its customer support is impressive and available in over 30 languages. The agents are professional and approachable. The brand has so much to offer to its traders with regard to educational materials and support. It has free webinars, ebooks, tutorial videos, educational articles, and many more. There are also available FAQs and glossary on its official website that you will surely find very helpful.

For the numerous educational materials and educational support FXTM offers its clients, we can say that this broker cares about each and every trader. FXTM is obviously a responsible broker with reliability. It has a good reputation and living up to its standards.

FXTM (Forex Time) offers its clients free educational materilas like webinars, seminars, ebooks, etc.

FXTM (Forex Time) offers its clients free educational materials like webinars, seminars, ebooks, etc.

Facts about the support:

  • Multilingual support (available in over 30 languages)
  • Phone support
  • Email support
  • Chat support
  • Other support channels: WhatsApp, Viber, Messenger, Telegram
  • Offers call back
  • FAQs and Glossary
  • Free education and insights from experts
  • Free educational materials
  • Free webinars, ebooks, tutorial videos, articles, etc.
Phone Support:+357 25 55 8 777 (main hotline) / +44 20 3514 1251 (main hotline UK) / +44 20 3734 1025 / +44 203 734 22 55
Email Support:support@fxtm.com / info@forextime.com / info@forextime.co.uk

Conclusion of the review: Is FXTM Broker legit? – We think: Yes

We can say that FXTM (Forex Time) is a broker for all types of traders. The brand offers several options and choices to choose from. The account types and their specifications are well-thought of. The platforms offered by this broker is a great deal, knowing that these platforms (MT4/MT5) are famous and the most preferred platforms usually used by traders in the trading industry. The ability to choose from more than 250 financial instruments is definitely an advantage. Having the option to trade across Forex, Spot Metals, Stock CFDs, CFDs on indices, and CFDs on commodities, plus current pairs are quite a deal.

Also, just to inform you that as a CFD broker, FXTM has a disclaimer about trading CFDs. Due to the fact that CFDs are complex instruments, this means that it comes with a high risk of losing money rapidly due to the leverage. Please be informed that 80% of the retail investor accounts lose money when trading CFDs with FXTM. As a trader, you should know by yourself whether you can afford to take the high risk of losing your money and whether you truly understand how CFD works. Nevertheless, we highly recommend you first to get a demo account and practice your trading strategies and skills before trading live.

We can say that FXTM is really thoughtful of its traders. It is a broker that cares, supports, and gives its best to be able to give its clients the ability to go on their full potential and get more from trading.

Advantages:

  • Secure and reliable brokerFXTM is a trusted broker
  • Globally regulated and licensed broker
  • Free demo account
  • A low minimum deposit of $10
  • Tight spreads from 0.0 pips
  • Good and several free educational materials
  • Great customer support and services
  • Multilingual customer support
  • More options for any type of trader
  • Several account types
  • Competitive and user-friendly platforms

Disadvantages:

  • Trading is not available on weekends

FXTM (Forex Time) is for us a reliable Forex Broker with a huge variety of offers for its clients. 4.9 out of 5 stars (4.9 / 5)

(Risk Warning: 80% of CFD accounts lose money)