FXTM Forex Broker Reviews

This article analyzes the latest situation of the Forex broker FXTM. Since its establishment in 2011, FXTM has obtained certifications from regulatory agencies such as FCA, CySEC, and FSCA, offering leverage of up to 2,000 times. Its trading products include currency pairs, indices, commodities, stocks, and cryptocurrencies, and it supports the MT4 and MT5 platforms. FXTM is a trustworthy broker, and we sincerely recommend it.

FXTM

Company Profile

FXTM is registered in the United Kingdom, established in 2011, with headquarters in Cyprus, the United Kingdom, and Belize. FXTM is regulated by FCA, CYSEC, FSCA (for specific business), and FSC (offshore). The minimum deposit amount is $10, offering a maximum leverage of 1: 2000, with account types including Micro Account, Standard Account, and Low Spread Account. Additionally, FXTM offers a Demo Account, supporting various trading instruments such as forex, commodities, indices, stocks, and cryptocurrencies.

FXTM's trading platforms include MetaTrader 4, MetaTrader 5, and FXTM Trader, and support mobile trading and Islamic Account. Payment methods are diverse, covering credit cards, debit cards, bank wire transfers, and e-wallets. The minimum spread for EUR/USD starts from 0.1 pip. Customer support services are available 24/5 via online chat, email, and phone, while also providing rich educational resources and negative balance protection.

Regulatory Information Link

FXTM is registered in multiple jurisdictions and is regulated by the following regulatory authorities: 

  • Cyprus: Regulated by the Cyprus Securities and Exchange Commission (CYSEC), the regulatory entity is ForexTime Ltd, the license type is market maker, and the license number is 185/12.

  • United Kingdom: Regulated by the Financial Conduct Authority (FCA), the regulatory entity is Exinity UK Ltd, the license type is Direct Market Access, and the license number is 777911.

  • Belize: Regulated by the Financial Services Commission (FSC), the regulatory entity is EXINITY LIMITED, the license type is retail forex, and the license number is C113012295.

  • South Africa: Regulated by the Financial Sector Conduct Authority (FSC A), the regulatory entity is EXINITY LIMITED, the license type is financial services, and the license number is 50320.

Advantages Link

FXTM, as a globally recognized broker, stands out due to its advantages. Here are some of FXTM's notable strengths: 

  • Regulatory Authority: FXTM is regulated by authoritative bodies such as FCA and CYSEC, providing a safe trading environment.
  • Account Type: FXTM offers a variety of Account Types to suit the different needs of traders.
  • Entry Threshold: Some accounts have a Minimum Deposit of only $10, which is low and suitable for beginners.
  • Trading Platforms: Widely supports the market-leading MetaTrader 4 and MetaTrader 5 platforms.
  • Payment Methods: Supports various methods for fund deposits and withdrawals, including credit cards, bank wire transfers, and e-wallets.
  • Customer Service: Provides 24/5 online chat, email, and phone support.
  • Educational Resources: FXTM provides traders with a wealth of educational resources, including webinars and tutorials.

Market Financial Instruments Link

FXTM offers over 1,000 financial instruments, including Forex, stocks, indices, precious metals, commodities, and cryptocurrencies, but does not currently support futures, options, and exchange-traded funds (ETFs). The following are the market instruments supported by FXTM: 

Trading Product Categories
Is this trading product category available?

Forex

O

Stocks

O

Index

O

Precious metals

O

Commodity CFD

O

Cryptocurrency

O

Futures

O

Exchange-Traded Fund (ETF)

O

Account Type Link

FXTM offers three main account types, each with its specific features and requirements: 

  • Micro Account: Minimum Deposit is $10, Spread starts from 1.5 pip, suitable for beginners, with a low deposit threshold.
  • FXTM Advantage Plus Account: Minimum Deposit is $100, Spread starts from 0.5 pip, low Spread, suitable for experienced traders.
  • FXTM Advantage Account: Minimum Deposit is $500, Spread starts from 0.1 pip, suitable for large transactions, and provides higher trading support.

Deposits and Withdrawals Link

FXTM offers multiple payment methods for convenient fund management: 

  • Credit/Debit Card: Deposits are free, processing time is instant, Minimum Deposit is $10.
  • Bank Wire Transfer: May incur bank fees, processing time is approximately 3-5 business days, Minimum Deposit varies by currency.
  • Electronic Wallets (such as Skrill, Neteller, etc.): Deposits are free, processing time is instant, Minimum Deposit is $10.

Copy trading Link

The copy trading feature allows investors to automatically replicate the trades of professional strategy managers through the FXTM copy trading platform. You can start with a minimum of 100, and fees are performance-based, charged only when the strategy manager makes a profit. This feature is suitable for investors looking to leverage expert experience and simplify the trading process.

Customer Support and Educational Resources Link

Provides high-quality customer support services, including multilingual live chat, email, and phone support. In addition, FXTM's educational resources are also very rich, including: 

  1. Webinars: Hosted by experts, covering trading strategies and market analysis.
  2. eBooks and Articles: Learning resources suitable for all types of traders.

Summary

FXTM is a global leading Forex and CFD broker, offering a variety of trading tools and platform options, and is supervised by authoritative regulatory bodies to ensure the safety of clients' funds. Whether you are a beginner or an experienced trader, FXTM can meet your needs through its diverse account types, flexible leverage, and rich educational resources.