FXTM – ForexTime

Founded in 2011, FXTM is regulated by numerous tier-1 regulatory bodies including the UK’s FCA and Cyprus’ CySEC, making it a highly trusted and safe option for forex traders.

Not only does the broker offer various trading instruments, but they also prioritise the education of traders and offer tons of educational resources including webinars, eBooks, and seminars.

Our team of industry professionals have analysed various core features and the platforms offered to provide you with the FXTM review you need to decide on the best broker for you.

Is FXTM Regulated? Legit? Safe?

FXTM is considered a safe broker to trade with, thanks to their extensive regulatory oversight.

Regulations are key when it comes to any forex broker. This is something that FXTM clearly recognizes and has made a priority. They are well regulated by a number of the best regulatory bodies in the world of finance which are tier 1 bodies under the following entities worldwide:

• Forextime Ltd (EU) is regulated by CySEC (185/12)
• Forextime UK Limited is regulated by the FCA (777911)
• ForexTime Limited (South Africa) is regulated by FSCA (46614)
• Exinity Limited (Global) is regulated by FSC (C113012295)Ava Capital Markets Australia Pty Ltd – ASIC (406684)

This ensures that FXTM worldwide has some of the very best regulation in the business in place. This is not only something that is widely respected in the industry, but also keeps you very well protected as a trader.

Starting at the very beginning for FXTM, they were founded in 2011. Even though they are a European broker and are still very much focused on that area, they have become very popular in the African market.

What platforms does FXTM offer?

Moving on to the trading platforms you can expect to see, here is a lowdown on exactly what is available from FXTM in that respect.

FXTM Trader is a mobile trading platform offered by the broker on both Android and iOS devices which allows you not only to trade on the move but also manage your account, receive up to the minute notifications on the market, promotions, webinars, and more, and also to engage in the FXTM copy trading service FXTM Invest.

What are the FXTM account types?

Simply choose the account which fits you best. And trade how you want, wherever you want.

---

FXTM trading spreads and commissions

FXTM spreads and commissions are available as floating spreads only. No fixed spreads are available. The lowest available spread is 0 pips but this is on the FXTM Advantage account.

The overnight fee is the fee which you incur for holding a position overnight which is charged at the closing hour of the market. This fee is charged on the majority of assets with the broker since they are a CFDs broker.

FXTM does charge an inactivity fee. This fee will only be applied if you have a real money account and not on any demo accounts.

What is the FXTM minimum deposit?

FXTM offers a minimum investment entry of just $200.

What are the FXTM deposit and withdrawal methods?

There are several deposit methods you will find available when trading at FXTM. This includes wire transfers, credit/debit cards that are Visa, MasterCard, or Maestro, and a range of eWallets including Skrill and Neteller.

FXTM deposits are generally fee-free. The only exception you may find is if you deposit currency does not match a base currency then you may have to pay a conversion fee.

In Which Countries is FXTM not Available?

Although FXTM is now a top worldwide broker, there are a few places and countries that they do not extend services to. These are as follows: Mauritius, Canada, Haiti, Puerto Rico, Suriname, USA, DPR Korea, Japan and Northern Cyprus