FXTM (ForexTime) has solidified its reputation over more than a decade as one of the most prominent global brokerage firms, appealing particularly to traders seeking a balanced blend of regulatory oversight, diverse account structures, and cutting-edge trading technology. Our comprehensive FXTM Review 2026 delves into the core aspects of the broker’s offering, assessing its safety framework, ECN trading conditions, fee structure, and overall value proposition for retail and professional traders worldwide.
FXTM Broker Judge Score and Quick Ratings
As a seasoned broker with licenses across multiple tier-1 and tier-2 jurisdictions, FXTM offers competitive pricing, especially through its commission-based ECN accounts. The broker’s strong commitment to education and localized customer service elevates its standing among its peers. Our expert assessment assigns FXTM a high rating for its robust platform offering and competitive pricing model.
| Category | Rating (10/10) | Notes |
|---|---|---|
| Safety & Regulation | 9.5 | Multiple tier-1 and tier-2 licenses (FCA, CySEC). |
| Fees & Spreads | 9.0 | Exceptional ECN spreads starting at 0.0 pips. |
| Trading Platforms | 9.5 | Full MT4/MT5 suite plus proprietary FXTM Trader app. |
| Deposits & Withdrawals | 8.5 | Fast processing, but some withdrawal fees apply depending on method. |
| Trading Instruments | 8.0 | Strong focus on Forex, decent CFDs on stocks/indices. |
Safety and Regulation: Is FXTM Safe?
When assessing any global forex broker, the critical starting point is regulatory oversight. Our FXTM safety analysis confirms that the broker operates under stringent regulatory conditions, placing it firmly in the category of safe and legitimate brokerage houses. FXTM’s operational structure involves multiple entities, each licensed by different regulatory bodies:
Key Regulatory Licenses for FXTM
- Financial Conduct Authority (FCA), UK: Tier-1 regulation, providing the highest level of client protection, including segregated accounts and participation in the Financial Services Compensation Scheme (FSCS) up to £85,000 for eligible clients.
- Cyprus Securities and Exchange Commission (CySEC): Tier-1 regulation (EU), adhering to MiFID II directives and providing investor compensation through the Investor Compensation Fund (ICF).
- Financial Sector Conduct Authority (FSCA), South Africa: A strong regional license, enabling FXTM to serve clients across the African continent securely.
- Financial Services Commission (FSC), Mauritius: This entity typically handles clients outside of the European Economic Area (EEA) and provides higher leverage options (up to 1:2000).
The existence of these multiple regulatory arms ensures that client funds are segregated from the company’s operational capital, providing a substantial layer of protection against insolvency. While the leverage and specific account conditions vary significantly based on the entity a trader registers with (e.g., lower leverage for FCA clients), the commitment to regulatory compliance remains consistent across the brand.
Retail Investor Loss Disclosure: FXTM, like all regulated European brokers, discloses the percentage of retail investor accounts that lose money when trading CFDs. This figure is typically around 78%, which is in line with the industry average and emphasizes the inherent risk of leveraged trading.
FXTM Pros and Cons
Pros
- Strong, multi-jurisdictional regulation (FCA, CySEC, FSCA).
- Extremely competitive ECN pricing with raw spreads starting from 0.0 pips.
- Comprehensive trading platform suite: MT4, MT5, and the advanced FXTM Trader mobile app.
- High maximum leverage (up to 1:2000) available under its offshore entities for experienced traders.
- Excellent educational resources and market analysis tools.
- Low minimum deposit requirement ($10) for entry-level accounts, making it accessible for beginners.
- Robust copy trading solutions via FXTM Invest.
Cons
- Commission structure on ECN accounts can be high for smaller volume traders compared to some competitors.
- Leverage is severely limited for clients under FCA/CySEC regulations (max 1:30).
- Inactivity fees are applied after six months.
- Withdrawal fees apply for some popular methods, such as bank wire transfers.
FXTM Account Types Analysis
FXTM structures its offering into three main categories—Standard, Cent, and ECN—catering to different levels of experience, trading capital, and strategy needs. Traders should choose their account based on their trading volume and preferred fee structure (commission-free vs. commission-based).
1. Micro Account (Cent)
- Minimum Deposit: $10
- Spreads: From 1.5 pips
- Commission: Zero
- Key Feature: Trades are executed in Cent lots, perfect for absolute beginners or those testing EAs with minimal risk.
2. Standard Account
- Minimum Deposit: $100 (varies by region)
- Spreads: From 1.3 pips
- Commission: Zero
- Key Feature: Commission-free trading on major pairs, suitable for intermediate traders. Uses market execution.
3. ECN Zero Account
- Minimum Deposit: $200 (varies)
- Spreads: From 1.5 pips
- Commission: Zero
- Key Feature: Provides access to ECN liquidity with a markup spread, but zero commission. A good middle ground between standard and raw ECN accounts.
4. ECN Account
- Minimum Deposit: $500 (varies)
- Spreads: From 0.0 pips
- Commission: Varies, typically $4 per lot per side ($8 round turn) or lower depending on volume.
- Key Feature: Ideal for professional traders, scalpers, and high-volume strategies. Offers the tightest spreads and fastest execution.
Fees, Spreads, and Commission Structure
The total trading cost at FXTM depends critically on the chosen account type. The broker maintains a highly competitive pricing model that rewards higher volume traders, particularly those utilizing the ECN account structure.
Spread Comparison (EUR/USD Average)
- Standard Account: ~1.6 pips (Commission-Free)
- ECN Zero Account: ~1.9 pips (Commission-Free, ECN execution)
- ECN Account: 0.1 – 0.5 pips + Commission
Commission on ECN Accounts: The benchmark commission is often around $4 per lot per side (or $8 round turn per standard lot) for the ECN Account. For traders moving significant monthly volume, this commission rate can be substantially reduced, positioning FXTM as one of the most cost-effective brokers for high-frequency trading and scalping.
Non-Trading Fees
- Inactivity Fee: FXTM implements an inactivity fee of $5 per month if an account remains dormant for six consecutive months.
- Withdrawal Fees: While many e-wallet and card withdrawals are processed free of charge, bank wire transfers often incur a fixed fee, usually covered by the client.
- Swap Fees: Standard overnight swap fees apply for positions held past the daily rollover. FXTM offers Islamic accounts (swap-free) upon request for clients adhering to Sharia law.
Trading Platforms: MT4, MT5, and FXTM Trader
FXTM provides traders with the industry’s most popular and powerful platforms, ensuring compatibility with virtually all modern trading strategies, expert advisors (EAs), and technical analysis tools.
MetaTrader 4 (MT4)
The staple platform for Forex trading, MT4 remains fully supported by FXTM. It is favored by millions of traders globally for its reliability, extensive customizability, and vast library of EAs and technical indicators. MT4 is available across desktop (PC/Mac), WebTrader, and mobile devices (iOS/Android).
MetaTrader 5 (MT5)
MT5 represents the next generation of MetaQuotes software, offering several enhancements over MT4, particularly in terms of backtesting capabilities, depth of market (DOM) functionality, and access to a wider range of instruments including stocks and futures (as CFDs). FXTM provides seamless MT5 integration, making it ideal for multi-asset trading.
FXTM Trader (Proprietary Mobile App)
The proprietary FXTM Trader app delivers a sleek, optimized mobile experience. It is designed for on-the-go trading, featuring one-click trading, intuitive charting tools, and account management functionalities. A key feature is direct access to the FXTM Invest program, allowing clients to monitor strategy managers and copy trades directly from their mobile device.
Deposits and Withdrawals Review
FXTM excels in offering a wide array of payment methods tailored to various regional markets, ensuring quick funding and withdrawal processes. Availability of specific methods, however, depends on the geographic location of the client.
Deposit Methods
- Cards: Visa and Mastercard (Instant, typically zero fee).
- E-wallets: Skrill, Neteller, Perfect Money (Instant, typically zero fee).
- Bank Wire: Local and international transfers (1-5 business days, potentially bank charges).
- Local Payment Solutions: Various regional methods (e.g., FasaPay, specific bank transfers for India and Africa) that cater to localized currency needs.
The minimum deposit is exceptionally low at $10 for Cent/Standard accounts, making market entry easy for novice traders.
Withdrawal Methods and Speed
FXTM aims to process all withdrawal requests quickly, usually within 24 hours. The subsequent transfer time depends on the method used:
- Cards/E-wallets: 1-2 business days after processing.
- Bank Wire: 3-7 business days.
While FXTM generally covers processing fees for deposits and withdrawals via cards and e-wallets, bank wire withdrawals may incur a flat fee (e.g., $30 per transfer), which is standard practice in the industry.
Trading Instruments and Markets
FXTM primarily focuses on Forex trading but has expanded its CFD offering to provide balanced diversification opportunities for its client base.
- Currencies (Forex): Over 50 major, minor, and exotic currency pairs. This depth allows for robust news trading and advanced algorithmic strategies.
- Commodity CFDs: Gold, silver, and major energies like Crude Oil and Natural Gas.
- Index CFDs: A selection of major global indices, including the S&P 500, FTSE 100, and DAX 40.
- Stock CFDs: CFDs on shares of popular US and European companies.
- Cryptocurrency CFDs: Trading on popular pairs like BTC/USD, ETH/USD, and other altcoin crosses, available 24/7.
Copy Trading and Investment Solutions (FXTM Invest)
FXTM has developed a sophisticated proprietary copy trading ecosystem called FXTM Invest. This system allows clients to:
- Become a Strategy Manager (PAMM/MAM): Experienced traders can offer their strategies and earn a performance fee from followers.
- Become an Investor: Less experienced traders can automatically copy the trades of proven Strategy Managers, diversifying their portfolio with minimal effort.
This service is highly regulated and transparent, providing detailed performance statistics for each manager, making it a reliable choice for traders interested in passive income or managed accounts.
FXTM for Different Trader Profiles
FXTM for Beginners
FXTM is highly beginner-friendly due to its low minimum deposit ($10), Cent account options, and comprehensive educational resources. The combination of MT4 and a dedicated educational section (E-books, webinars) provides a strong foundation for new forex trading enthusiasts.
FXTM for Scalpers and High-Volume Traders
The ECN account is specifically designed for this demographic. With spreads starting at 0.0 pips and rapid server execution (London-based servers), FXTM supports high-frequency trading, scalping, and news trading without restrictions.
FXTM for Regional Markets (e.g., Forex Trading India)
FXTM has historically maintained a strong presence in emerging markets. For clients engaging in Forex trading in India and similar jurisdictions, the broker often provides localized payment methods, regional support teams, and relevant promotions, adapting its offering to specific local needs.
Customer Support and Education Offered
FXTM’s customer support is reliable and multilingual, operating 24 hours a day, five days a week. Support channels include live chat, email, phone, and even popular messaging services like WhatsApp and Telegram, ensuring global accessibility.
The educational library is extensive, covering everything from basic Forex terminology to advanced technical analysis and risk management strategies. This commitment to trader development reinforces the broker’s trustworthiness and authoritative stance in the market.
Comparison: FXTM vs. Leading Competitors
To provide a clear perspective, we compare FXTM against two major competitors in the global brokerage space:
| Feature | FXTM | Broker A (e.g., XM) | Broker B (e.g., Pepperstone) |
|---|---|---|---|
| Tier-1 Regulation | Yes (FCA, CySEC) | Limited (ASIC, CySEC) | Yes (FCA, ASIC, CySEC) |
| Min. ECN Spread (EUR/USD) | 0.0 pips | 0.6 pips | 0.0 pips |
| Commission (Round Turn) | $8 per lot (standard) | Zero (spread-based model) | ~$7 per lot (competitive) |
| Proprietary App | Yes (FXTM Trader) | No | No |
| Copy Trading | Dedicated FXTM Invest | External platforms only | External platforms only |
Final Expert Verdict
FXTM (ForexTime) remains a top-tier choice in the global forex brokerage landscape for 2026. Its dual offering—high safety standards under FCA/CySEC for European clients, and high leverage/competitive ECN pricing under its offshore entities for global traders—makes it versatile.
The broker is certainly legit and not a scam, evidenced by its robust regulatory framework and long operational history since 2011. While the $8 round-turn commission on the ECN account is slightly higher than the absolute cheapest competitors, the reliability of execution, deep liquidity, and overall platform stability fully justify the cost, especially for high-volume traders. We strongly recommend FXTM for traders who require the power of MT4/MT5 combined with a choice between commission-free simplicity and ultra-tight ECN spreads.
FXTM Review 2026: Frequently Asked Questions (FAQs)
Is FXTM a safe and regulated broker?
Yes, FXTM is considered a very safe broker. It holds regulatory licenses from multiple high-tier authorities, including the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC) in Europe, ensuring strict compliance and segregated client funds.
What is the minimum deposit required to open an FXTM account?
The minimum deposit is very low, starting at $10 for the Cent account and $100 for the Standard account, depending on the regulatory entity and region.
Does FXTM offer ECN trading?
Yes, FXTM offers dedicated ECN and ECN Zero accounts. The standard ECN account provides raw spreads starting at 0.0 pips, coupled with a transparent, volume-based commission structure.
What trading platforms does FXTM support?
FXTM supports the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms across desktop, web, and mobile, in addition to its own proprietary mobile application, FXTM Trader.
Are scalping and EAs allowed on FXTM?
Yes, FXTM is highly supportive of all trading styles, including scalping, hedging, and the use of Expert Advisors (EAs/Robots) on both MT4 and MT5, particularly within the ECN environment.
Are there any withdrawal fees at FXTM?
FXTM generally offers free withdrawals for many e-wallet and credit card methods. However, bank wire transfers may incur fees charged by the banking institution, or a fixed processing fee by FXTM depending on the entity.
What is FXTM Invest?
FXTM Invest is the broker’s integrated copy trading program that allows investors to automatically duplicate the trades of successful strategy managers, offering an alternative for passive investment in the forex market.
What is the maximum leverage offered by FXTM?
The maximum leverage varies significantly by jurisdiction. For clients registered under FCA/CySEC, leverage is capped at 1:30. For clients registered under offshore entities (like FSC Mauritius), leverage can go up to 1:2000.
Does FXTM offer a Demo Account?
Yes, FXTM provides free, unlimited demo accounts on both MT4 and MT5, allowing prospective clients to practice trading strategies with virtual funds in a risk-free environment.
Can I trade cryptocurrencies on FXTM?
Yes, FXTM offers trading on major cryptocurrencies (like Bitcoin and Ethereum) as CFDs against the USD. This allows traders to speculate on price movements without owning the underlying asset.
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