All Share (J203) = 89 062
Rand / Dollar = 18.40
Rand / Pound = 23.22
Rand / Euro = 19.23
Gold (usd/oz) = 2 927.83
Platinum (usd/oz) = 987.90
Brent (usd/barrel) = 75.88
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

FXTM Review

ForexTime Review ( FXTM )

 

FXTM can be summarized as a credible and trusted broker that is very competitive in terms of its trading fees (against major currency pairs) and offers daily trading webinars. Their spread is also very low, and they are considered a low-risk trading environment. FXTM is considered safe as the FCA regulates it.

 

🛡️Regulated and trusted by the FCA, FSCA, FSC
🛡️2146 New Traders chose this broker in the last 90 days.
🛡️Available for South African Traders 🇿🇦

 

Min Deposit

USD 200

Regulators

FCA, FSC, FSCA

Trading Platform

MT4, MT5, FXTM Trader

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

FXTM Review Revealed – Quick Overview

  1. 🕸️FXTM Spider Chart
  2. 💡FXTM at a Glance
  3. 📜Overview
  4. Features Offered
  5. ⭐️FXTM Customer Reviews and Ratings
  6. 🔒Safe or Scam?
  7. 📂FXTM Account Types
  8. 📝How to Open an FXTM Trading Account
  9. 💳FXTM Deposit and Withdrawal
  10. 💻FXTM Trading Platforms and Tools
  11. 📲Mobile Use of FXTM
  12. 🤖FXTM AI Integration
  13. 📈FXTM Trading Instruments
  14. ⚖️Compare Forex Brokers
  15. 💸Fees and Spreads
  16. 📊Leverage
  17. 📞Customer Support
  18. 📚Education
  19. 📘Forex Trading Guides
  20. 🔍Research
  21. 🏆Awards
  22. Customer Reviews
  23. Pros and Cons
  24. 🔚Conclusion
  25. ⚠️Disclaimer
  26. Frequently Asked Questions
  27. 🔗References

 

FXTM Spider Chart

 

FXTM Spider Chart

 

Criteria

Regulatory Standing – 4
Financial Stability – 3.5
Trading Platform Quality – 4.5
Customer Support – 4
Educational Resources – 4.5
Trading Conditions – 4
Withdrawal Speed – 3.5

 

FXTM At a Glance

CategoryDetails
Company Information
🏷️Company NameFXTM
📍Headquarters LocationLimassol, Cyprus
📅Year Established2011
👤CEO/FounderAndrey Dashin
🌐Global Offices Cyprus, UK, South Africa, and more
🔖Licensing Body
FCA (UK),
CySEC (Cyprus),
FSCA (South Africa)
👥Group CompaniesForexTime Limited, Exinity Limited,
FXTM Trading Limited
🏛️Business ModelMarket Maker,
ECN
🌍Operational LanguagesMultilingual (over 15 languages)
🏆Awards & Recognitions
Over 25 global awards including "Best Trading Conditions"
Regulation and Security
🛡️RegulationFCA (UK),
CySEC (Cyprus),
FSCA (South Africa),
FSC (Mauritius)
✔️Compliance StandardsMiFID II,
GDPR,
AML,
KYC
💼Client Fund Segregation Yes
🪫Negative balance protectionYes
🕵️‍♂️Financial Conduct OversightYes
💰Insurance CoverageYes
📋AML & KYC PolicyEnforced
🔒Security of Trading PlatformSSL encryption,
Two-Factor Authentication
🛡️Investor Compensation FundYes (EU clients)
🖥️Cybersecurity MeasuresAdvanced firewalls and DDoS protection
Account Types and Features
⚙️Standard Account Yes
📊ECN Account
Yes (ECN Zero, ECN Pro)
🌙Islamic Account
Yes
🎮Demo Account Yes
👑VIP AccountYes
💵Minimum DepositUSD 200 / 3631 ZAR
💱Base CurrenciesUSD,
EUR,
GBP,
NGN,
and more
⚖️Leverage OptionsUp to 1:2000
📈Spreads (Fixed/Variable)Variable (as low as 0.0 pips for ECN accounts)
🔄Swap-Free AccountsYes
🌐Account Currency ConversionYes
🚨Margin Call Level80%
❌Stop-Out Level50%
🔄Hedging Allowed Yes
⚡Scalping AllowedYes
🔁Copy Trading SupportYes
👥Social Trading FeaturesYes
💼Managed AccountsYes
Trading Conditions
🔍Average SpreadsFrom 0.0 pips (ECN),
from 1.5 pips (Standard)
💲Commissions per Trade From $2 per lot (ECN accounts)
🔢Leverage RangeUp to 1:2000
🚀Execution Speed0.1 seconds average
📊Order Execution TypeMarket Execution
🔄Slippage PolicyLow,
minimal slippage
📏Margin requirementsStandard
⏹️Stop-Loss and Take-Profit OrdersYes
🔁Trailing StopsYes
🕑Pending OrdersYes
🔽Partial FillsYes
🧾Dividend AdjustmentsYes
🌙Overnight Swap Fees Yes
📆Rollover PolicyYes
🛑Guaranteed Stop LossNo
Trading Instruments
💹Forex Currency Pairs60+
🪙Precious Metals (Gold/Silver)Yes
📈IndicesYes
🌾Commodities
Yes
⛽Energies
(Oil/Natural Gas)
Yes
₿CryptocurrenciesYes (Bitcoin, Ethereum, and more)
📉StocksYes
🗂️ETFsNo
🏛️BondsNo
📜Futures Contracts No
🛡️Options ContractsYes
⚖️CFDs
(Contracts for Difference)
Yes
🔣Swap on Trading BoardYes
🔀Leveraged InstrumentsYes
🎯Micro-Lot TradingYes
💸Spread BettingNo
🧺Currency BasketsNo
Deposits and Withdrawals
💳Deposit MethodsBank wire transfer, credit/debit cards,
e-wallets
(Skrill, Neteller, etc.)
💵Withdrawal MethodsBank wire transfer, credit/debit cards,
e-wallets
(Skrill, Neteller, etc.)
⏱️Processing Time for DepositsInstant to a few hours, depending on the method
🕒Processing Time for Withdrawals1–3 business days
🚫Deposit FeesNo
💵Withdrawal FeesVaries based on withdrawal method
🔢Minimum Deposit AmountUSD 200 / 3631 ZAR
📉Minimum Withdrawal Amount$5
🚪Maximum Withdrawal Limit Depends on the withdrawal method
💱Supported CurrenciesUSD,
EUR,
GBP,
and other local currencies
₿Crypto Deposits & WithdrawalsNot available
🏦Bank Wire TransfersYes
💳Credit/Debit CardsYes
📲E-Wallets
(Skrill, Neteller, etc.)
Yes
🏘️Local Payment MethodsAvailable for specific regions
Trading Platforms and Tools
💻MetaTrader 4 (MT4) Yes
👩‍💻MetaTrader 5 (MT5)Yes
🖥️Proprietary PlatformYes
📱Mobile Trading AppAvailable
🌐Web-Based PlatformSupported
🤖Trading BotsSupported via MT4/MT5
🖧VPS ServicesAvailable
🔌API ConnectivityNot supported
📉Charting ToolsAdvanced tools available
🧮Custom IndicatorsSupported
🧠Market Sentiment Analysis Available
📩Trading SignalsAvailable
🏷️Advanced Order TypesSupported
⚠️Risk Management ToolsStop-loss,
take-profit,
and others
📅Economic Calendar Available
📰Market News Feed Integrated in the platform
Customer Support
📞Support ChannelsLive chat,
email,
phone
🗨️Live Chat Availability24/5
📧Email SupportYes
📱Phone SupportYes
🌍Multilingual SupportYes,
covers multiple languages
❓Help Center/FAQAvailable
👨‍💼Dedicated Account ManagerYes,
for premium accounts
⏲️Response Time (Live Chat)Within a few minutes
🕒Response Time (Email)Within 24 hours
⭐Support Rating High
Educational Resources and Support
🎥Webinars Available,
covering trading strategies and market analysis.
🏫SeminarsOffered in selected locations and online.
📖Trading TutorialsComprehensive tutorials for beginners and advanced traders.
📊Market Analysis ReportsRegularly updated, covering major market events.
📚E-BooksFree e-books on various trading topics.
🎬Video LibraryExtensive library covering trading basics,
strategies,
and platform usage.
📜GlossaryAvailable,
explaining key trading terms.
❔FAQs Comprehensive FAQ section covering trading,
accounts,
and technical queries.
🆕Beginner GuidesDetailed guides for new traders,
including platform walkthroughs.
🚀Advanced Trading StrategiesResources available for professional traders to refine strategies.
Partnerships and Programs
📋IB ProgramYes,
offering commissions and rebates for introducing brokers.
🪪Affiliate program?Yes,
with revenue-sharing opportunities.
🏷️White Label SolutionsAvailable for businesses looking to offer branded trading services.
🎁Partnership Rewards Incentives and bonuses for active partners.
🏛️Institutional SolutionsTailored solutions for institutional clients.
🔌API Partnership Supports API connections for algorithmic trading and partner integration.
🤝Referral ProgramYes, rewarding clients who refer others.
Fees & Charges
💳Deposit FeesNo fees on deposits.
📤Withdrawal FeesVaries by payment method,
some methods may incur charges.
💤Inactivity FeeApplicable after 6 months of inactivity.
🌜Overnight Fees (Swaps)Charged based on open positions held overnight.
💱Conversion FeesApplied when trading in non-account currencies.
💰Commission on TradesCharged on ECN accounts, starting from $4 per lot.
Market Research Tools
📅Economic CalendarComprehensive,
covering global economic events.
📰Market NewsFrequently updated, focusing on major market movements.
📩Trading Signals Provided by in-house experts and third-party providers.
🔧Technical Analysis ToolsAdvanced tools integrated into trading platforms.
💭Sentiment Analysis Available to gauge market trends and trader sentiment.
Additional Features
👥PAMM/MAM Accounts Yes, available for investors and managers.
🔗Social Trading PlatformSupports social and copy trading via MyFXTM and external platforms.
🏆Trading CompetitionsRegular contests for demo and live account holders.
🎁Loyalty RewardsTiered rewards for active traders.
👑Exclusive VIP PerksVIP clients get enhanced services, lower spreads, and priority support.
Promotions & Bonuses
🎁Welcome Bonus Occasionally available for new clients.
💵Deposit Bonus Seasonal promotions,
details vary.
🏅Trading ContestsRegularly hosted with cash prizes.
🌟Seasonal PromotionsOffered during special events or holidays.
🎖️Loyalty ProgramsAvailable for frequent traders.
User Experience & Reviews
🖥️User Interface QualityIntuitive and user-friendly platforms.
🔒Platform StabilityReliable with minimal downtime.
📱Mobile App Reviews Highly rated for usability and features.
⭐Overall User RatingPositive,
with consistent praise for educational resources and customer support.
🌟Trustpilot RatingRated 4.2/5
😟Common ComplaintsComplaints include withdrawal delays for certain methods.
Mobile
📱Mobile App NameFXTM Trader
🛠️Developer FXTM
📅Release Year2018
💻OS CompatibilityiOS and Android
🌐Languages SupportedMultiple languages, including English,
Arabic,
and Chinese.
📈Trading InstrumentsForex,
CFDs,
metals,
and indices.
🔄Real-Time DataYes,
with live quotes and updates.
🛠️Charting ToolsFully functional with advanced charting options.
📊Order Types SupportedMarket,
limit,
stop,
and trailing stop orders.
🚀Order Execution SpeedFast,
with minimal latency.
🔔Custom Alerts Alerts for price movements and account changes.
🤝Beginner-Friendly Yes,
with tutorials and a simple interface.
🔐Security FeaturesIncludes encryption and two-factor authentication (2FA).
🖥️SynchronizationSeamless across devices.
💰Deposit and Withdrawal
Supported via the app.
📝Account Types AccessibleAll account types.
🔄Switch AccountsSupported within the app.
💬In-App SupportLive chat and ticket submission available.
📚Educational Resources Integrated access to webinars and tutorials.
🎯Watchlist
Customizable and easy to manage.
🌙Dark Mode
Supported.
🌐Social TradingIntegrated with the FXTM Invest program.
AI Trading Resources
🤖AI Integration
Yes
📊Data Analysis Limited to manual analysis tools
📈Predictive AnalyticsNot available
🛠️Customizable StrategiesSupported through MT4/MT5
📉Risk Management ToolsBasic tools available
🧑‍🏫Trading InsightsProvided through market analysis
🚀Execution OptimizationAvailable for manual trading
🔄Portfolio RebalancingNot automated
📚AI TutorialsNot available
🎥Video DemonstrationsLimited educational content
🧑‍🤝‍🧑Webinars Regularly conducted
🔍AI-Powered Search Not supported
🌟Beginner-Friendly Basic AI tools for beginners
🖥️Platform AvailabilityMT4,
MT5 platforms
📈Backtesting CapabilityAvailable on MT4/MT5
🛠️Strategy BuilderAvailable on trading platforms
🔔Alerts and NotificationsSupported on trading apps
🔒Data ProtectionHigh-security standards
👁️‍🗨️Transparency Regulated and transparent
Social Media Platformst
📘FacebookActive
📷InstagramActive
🐦Twitter Active
💼LinkedIn Active
🎥YouTubeActive with educational content
👉Open Account👉 Open Account

 

Overview

Overview

 

According to research in South Africa, ForexTime Limited (FXTM) was established in 2011 and is a global leader in online trading. It has become a well-known brand that brings opportunities to financial markets to international audiences, wherever they are, notwithstanding their economic ambitions.

FXTM has a global network of offices and regulations in Europe, the Middle East, Africa, Asia, and Latin America, and more than two million clients in 150 countries have already started using its services.

FXTM is dynamic and offers exceptional online trading services and products to an institutional and retail clientele that benefit from segregated accounts at top-tier banks, secure deposits and withdrawals, competitive leverage, and tight spreads.

The company also provides the ability to trade 250+ instruments, various optimized account types and platforms, exciting forex contests, and trade-enhancing forex bonuses. The FXTM brand is also authorized and regulated in multiple jurisdictions.

 

 

Features Offered

FXTM is one of those online trading brokers with several features that can accommodate all sorts of traders.

It’s a broker that has all trading instruments, such as forex, commodities, indices, stock, and cryptocurrencies, in perfect cash flow.

FXTM is another broker that allows you to trade top trading platforms such as MetaTrader 4 and MetaTrader 5 with their sophisticated tools for analysis and execution of trades and their regulations, which also make FXTM secure, credible, and trustworthy.

In addition, there is a wide range of different account types that can suit various trading behaviors, minimum deposit requirements, spreads, and leverage options that are more competitive.

FXTM probably shines the most when it comes to education and research, offering their traders everything from webinars to tutorials, and market insight analysis.

These qualities make FXTM one of the best brokers in the world in terms of customer support for all traders.

 

💱Currency PairsYes,
offers 60+ currency pairs including majors, minors, and exotics.
📊Stock index CFDsYes,
includes popular indices like NASDAQ, S&P 500,
and FTSE 100.
🏦Stock CFDsYes,
provides access to a range of global stocks.
📈ETF CFDsNo,
ETF CFDs are not available.
⛏️Commodity CFDsYes,
covers metals like gold and silver,
as well as energy products.
🏛️Bond CFDsNo,
bond CFDs are not available.
₿CryptosYes,
limited cryptocurrency options including Bitcoin and Ethereum.

 

FXTM Customer Reviews and Ratings

ForexTime has an overall attractive presence which is proved by the feedback and rating given by many customers’ traders who applauded the business for having market-relevant spreads, speedy execution, and abundant educational resources. What many users find interesting about FXTM is that it offers various types of accounts that cater to different kinds of trades-or even beginners as illustrated in user-friendly programs and demo account availability.

However, issues have been raised by other traders, not least among them, excessive withdrawal fees and delays in processing funds at times.

Nevertheless, the company is highly spoken of concerning customer support, which can be accessed in an inspiring range of languages, has ease of transparency, and always has regulatory guaranteed trading within FXTM globally.

In general, it continues to be a good move to go for FXTM among traders.

 

🔍Aspect🔖Details
🌟Overall Rating4.5/5 – Generally positive, with high marks for competitive spreads and platform reliability.
👏Customer SatisfactionPositive feedback for tailored account options and extensive educational resources for beginners.
📞Customer ServiceResponsive and multilingual support, though some users report occasional delays in issue resolution.

 

Safe or Scam?

FXTM Safety and Security

 

ForexTime is regulated by the Cyprus Securities and Exchange Commission and licensed by the Financial Services Board (FSB) of South Africa. ForexTime UK Limited is registered with the UK Financial Conduct Authority.

The broker offers full segregation of funds for retail clients across all these services. Wherever you are in the world, the company holds funds with top-tier banks, fully segregated from the firm’s assets. FXTM brand does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, or the Occupied Area of Cyprus.

 

FXTM Account Types

FXTM Account Types

 

🔎 Account🥉 ADVANTAGE STOCKS🥈 ADVANTAGE🥇 ADVANTAGE PLUS
💰 Minimum DepositUSD 200 / 3631 ZARUSD 200 / 3631 ZARUSD 200 / 3631 ZAR
🔁 Spreads fromFrom 6 centsFrom 0.0From 1.5
💳 CommissionZero$3.5 per lot traded on FX
$25 per million notional on Spot Metals
$35 per million notional on Index CFDs and Commodity CFDs
0.05% of the notional value for Cryptocurrency CFDs
$0.02 per side / lot traded on Stock CFDs - minimum commission $0.01
Zero
📈 Leverage 1:1, no leverage offeredUp to 1:3000Up to 1:3000
🚀 Open an Account👉Open Account👉Open Account👉Open Account

 

ADVANTAGE STOCKS

ADVANTAGE STOCKS

 

FXTM Advantage Stocks is an offering created just for traders wanting to get direct access to the stock market trading as it permits trading leading global stock with very competitive prices, extremely tight spreads, and for particular accounts commission-free trading.

This feature is handy for diversifying one’s portfolio and earning from the stock market’s opportunities.

FXTM’s outstanding stock trading experience is achieved through combining state-of-the-art trading platforms with up-to-the-minute market data and comprehensive educational resources.

With flexible leverage with a secure trading environment, this marks FXTM Advantage Stocks as an all-in-one phenomenon for stock lovers.

 

ADVANTAGE

ADVANTAGE

 

FXTM Advantage offers traders a premium trading experience with lower costs, advanced tools, and better execution. Tight spreads from 0.0 pips, no commissions hidden on Advantage accounts, and ultra-fast execution make it suitable for all traders-from novices to those who earn ridiculous amounts per month. FXTM Advantage also allows scalping and high-frequency trading, which helps traders have flexibility and efficiency. In addition to the wide variety of trading instruments offered and reliable customer support, FXTM Advantage provides the highest standard of trading environment.

 

ADVANTAGE PLUS

ADVANTAGE PLUS

 

The FXTM Advantage Plus account is a perfect fit for traders who want to keep it simple and economical.

This account no longer features commissions on trades but has competitive spreads that are suitable for those who do not require commissions for transparent pricing.

A variety of instruments in forex, commodities, and indices are accessed with different leverages.

Moreover, FXTM Advantage Plus offers an industry-leading platform like MetaTrader 4 and Metatrader 5 to its account holders to achieve seamless trading.

Therefore, this account is a good option for both new and old traders for enhanced customer experience through eased features and personalized support.

 

Demo Account

Demo Account

 

The Demo Account is designed for those new to trading who want to learn to trade without any personal financial risk.

A Demo Account allows traders to practice trading in a simulated trading environment of the real markets, with virtual funds. Traders can familiarise themselves with the trading platform and learn to execute trades efficiently, without the risk of financial loss.

 

Islamic Account

FXTM offers a swap-free Islamic account that adheres to the principles of Sharia law.

 

How to Open an FXTM Trading Accounts 

 

Min Deposit

USD 200

Regulators

FCA, FSC, FSCA

Trading Platform

MT4, MT5, FXTM Trader

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

FXTM Deposit and Withdrawal

FXTM Deposit and Withdrawal

 

FXTM allows a wide variety of deposit and withdrawal methods and promises to develop as many methods as possible to help its clients. The company strives to make the process as fast and uncomplicated as possible so as not to miss trading opportunities or experience delays in getting your money back.

Making deposits and withdrawals is simple and takes little time. Deposits are processed instantly if additional verification is not needed. FXTM is not liable for any transfer delays due to a disruption of service in the payment processor’s system.

 

FXTM Trading Platforms and Tools

FXTM Trading Platforms

 

To fulfill all traders’ unique needsFXTM offers the industry’s leading trading platforms: MetaTrader 4 and MetaTrader 5 on PC, Mac, mobile, or tablet.

 

Metatrader4 and Metatrader5

Traders can download the MT4 or MT5 WebTrader versions for PC and Mac to trade comfortably, and traders with multiple accounts can also use the Multi-Account Manager (MAM) on MT4.

 

Trader App

Trader App

 

FXTM Trader is the company’s customized app that enables traders to access the markets from their hands. Traders can get the innovative mobile app to keep the markets available wherever they go.

It sports helpful features like live currency rates, state-of-the-art charting tools, and more. With the app, clients can manage their trades in seconds, view trading accounts, and access live currency rates. FXTM Trader is available for free download on iOS and Android devices.

 

Mobile Use of FXTM

Mobile Use of FXTM

 

FXTM has made available an excellent mobile trading experience with an application solely for iOS and Android-based investment experts.

This app allows all-day access to trading accounts, real-time information about the markets, and up-to-date technical analysis tools, thereby allowing traders to make informed decisions on the go.

Given the wide range of languages it supports, traders are also able to easily manage their entire trading account which includes simple depositing and withdrawal on a real-time basis.

The app has sparked positive feedback on its user-friendly interface, as well as on its hi-speed performance, with occasional problems during extreme knockdowns of the market, users say.

The critics have grown fast to ensure that the application of mobile apps of FXtM is really not lacking in quality for convenience and functions.

 

🔍 Aspect🔖 Details
📱 Mobile App AvailabilityYes,
available for both iOS and Android devices.
📊 FeaturesReal-time market updates,
technical analysis tools,
account management, and seamless trading.
⚡ PerformanceGenerally fast and responsive,
with occasional connectivity issues during high volatility.
🌍 Multilingual SupportAvailable in multiple languages for global accessibility.
👍 User ExperienceIntuitive interface,
easy navigation,
and convenient access to trading tools.

 

FXTM AI Integration

FXTM incorporates AI technology into its trading platform, thus making it available to its users as a more advanced tool in trading.

Its AI-based market analysis helps its traders with up-to-date insight and predictive analytics in an unpredictable market, providing them with a competitive advantage.

AI-based trading solutions facilitate the execution of strategies without flaws or human errors by executing them directly through algorithms; meanwhile, AI-based risk management can minimize loss as well as portfolio performance optimization.

FXTM is also introducing AI-powered customer support; this can get back to the trader within minutes.

It is part of this drive toward innovation in its quest for delivering smart, faster, and more personalized trading options to its clients.

 

CategoryDescription
🤖AI Market AnalysisReal-time insights and predictive analytics for informed decisions.
📈Predictive AnalyticsTools to forecast market trends and identify trading opportunities.
⚙️Automated Trading SolutionsAI-driven automation for precise and efficient strategy execution.
📊Risk Management ToolsIntelligent tools to monitor and minimize trading risks.
💬AI Chat SupportSmart chatbots providing 24/7 customer assistance.
🖥️Enhanced User ExperienceAI-enhanced platform offering a seamless and user-friendly interface.
🚀Focus on InnovationAdoption of cutting-edge AI technologies for a competitive edge.

 

FXTM Markets Instruments

FXTM Trading Markets

 

The Broker offers various instruments, from currency trading to speculating on the price movements of favorite stocks.

FXTM gives access to the forex market 24 hours a day, 5 days a week, allowing trade in the most popular major, minor, and exotic currency pairs. With approximately $5 trillion exchanged daily, the forex market is the most liquid in the world.

It allows clients to trade precious metals (gold and silver) directly with them as an alternative investment option for diversifying a portfolio. Precious metals are popular amongst traders during times of uncertainty and volatility in the markets. Due to a real-time feed straight from NASDAQ and NYSE, two of the biggest stock exchanges in the world, it offers access to the stock market and the shares of some major companies.

Traders also get quick access to CFDs on commodities to diversify a portfolio, with the option to trade on the price movements of popular gas and oil products. FXTM gives an overview of the entire market sector for trading CFDs on indices and offers a choice of popular indexes from all over the world, including Germany, Australia, the UK, and the US.

With FXTM, a trader can start trading Bitcoin, Litecoin, Ethereum, and Ripple CFDs against the US dollar or enter stock trading to profit from the increases or decreases in a company’s value over time. This is only available for FXTM Pro Account holders.

 

Compare Forex Brokers

📌Feature🥇FXTM🥈Exness🥉IC Markets
🔎RegulationRegulated by CySEC, FCA, DFSA, SCBRegulated by CySEC, FCA, DFSA, FSCARegulated by ASIC, CySEC
💻Trading PlatformsMT4, MT5MT4, MT5MT4, MT5
💰Minimum Deposit$5$1$20
📊SpreadsFrom 0.0 pipsFrom 0.0 pipsFrom 0.0 pips
📈LeverageUp to 1:3000Up to 1:3000Up to 1:500

 

Compare Forex Brokers

 

Fees and Spreads 

FXTM Spreads, fees and commissions

 

FXTM’s trading fees are low for stock index CFD fees, average or low for forex, but their stock CFD fees are high. The different account types have different fees. The ECN account, for example, has low spreads but charges a commission. The commission is lower if you have a higher account balance or trade more. FXTM forex fees differ based on your chosen account type: Standard accounts’ spreads are higher, but there is no commission; ECN accounts charge a commission, but the spreads are lower.

FXTM has high non-trading fees—you will be charged $5/ 80 ZAR per month after six months of inactivity, and most withdrawal methods also charge a fee based on your country of residence, the method you use, and the currency the withdrawal was made in.

 

Leverage and Margin

FXTM Leverage and Margin

 

Leverage is a facility that enables you to get a much larger exposure to the market you’re trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit and increase your potential loss. FXTM offers flexible leverage from 1:1 to 1000:1 and trade sizes from $0.1.

NOK and SEK pairs are provided with a maximum leverage of 1:50 for volumes with a notional value of up to 5,000,000 USD, 4,000,000 EUR, 3,300,000 GBP, and 1,575,000,000 NGN. For the volumes above, the leverage for NOK and SEK pairs is fixed at 1:25. HKD pairs are provided with a maximum leverage of 1:25 for volumes with those values and a fixed leverage of 1:10 for volumes above. TRY, CZK and ZAR pairs have fixed leverage of 1:3, 1:5, and 1:25, respectively.

 

Min Deposit

USD 200

Regulators

FCA, FSC, FSCA

Trading Platform

MT4, MT5, FXTM Trader

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Customer Support

FXTM Customer Support

 

ForexTime (FXTM) promises to recognize its clients’ individual needs and vows to respond to them best. Clients can contact them via a live chat option on the webpage, phone, or email. They offer multilingual customer support via Arabic, Czech, Chinese, English, Farsi, French, German, Hindi, Indonesian, Italian, Korean, Malaysian, Polish, Russian, Spanish, Urdu, and Vietnamese.

Their trading and technical support include analyzing trading mistakes to improve your strategy and avoid such mistakes in the future. The team also makes sure that any problem you may experience with any product is explained and dealt with promptly.

 

Education

FXTM Education

Potential traders can build their skills with free educational resources that include educational videos, seminars, or webinars with experts, taking online trading courses, downloading eBooks, and market outlooks. The available eBooks cover several topics, and clients can gain world-class trading knowledge from FXTM’s team of experts at the seminars. Short educational videos teach traders about essential forex trading and technical analysis concepts.

 

Forex Trading Guides

FXTM is the very best in the services of forex trading guides from which a trader usually obtains enough knowledge to climb to success in those very dynamic forex markets.

FXTM would cover pretty much everything – from currency pairs and how to analyze the market to very intricate trading strategy guides that will cater to novices and highly experienced traders alike.

FXTM could even help demystify the most complex of ideas with user-friendly articles, eBooks, video tutorials, and live webinars into which traders can flow and learn.

They could easily learn the technical and fundamental analyses, risk management, and trading psychology from these guides, rather than spend time figuring out which are effective at FXTM.

Additionally, from practical, real-world applications, these guides seek to arm a trader with tools and useful tips for effectiveness in navigating FXTM’s platforms and becoming successful in using the tools themselves.

In this way, FXTM’s forex trading guides provide a full complement of actionable insights for traders to enable informed and successful long-term trading.

 

Research

FXTM Research

 

ForexTime offers several research tools, from news flow to technical analysis-based trading ideas. These tools are available in several locations: the MetaTrader trading platforms, the ‘Market Analysis’ section on the website, and the ‘Trading Services’ section in MyFXTM.

The ‘Market Analysis’ section provides market updates and various research tools, such as a Forex News Timeline, market analysis videos, and an economic calendar with a filter function for countries, data types, and volatility.

Trading ideas based on technical tools can be found on MyFXTM under ‘Trading Services’ and the ‘FXTM Trading Signals’ section. FXTM also offers some charting tools in the MetaTrader trading platforms.

 

Awards

FXTM Awards

 

FXTM prides itself on more than 25 industry awards since 2011; these also include:

Best Investment Broker, Best European Forex Affiliate Broker Program, Best Investment Broker, Best Trading Experience in 2019.

Reputable Investor Education Forex Broker Award, Forex Brand of the Year (China), Best Forex Education Provider (Africa), Best Trading Conditions, Most Innovative Broker award, Best FX Broker (Asia), Best Forex Broker (Russia) and Most Innovative Broker for 2018.

Forex Broker of the Year, Best FX Broker (Asia), Best Customer Service Global, Forex Broker Firm of the Year (Europe), and Best Online Forex Trading Company (Nigeria) for 2017.

 

Customer Reviews

 

🥇Excellent Educational Resources

FXTM’s platform is user-friendly, and its educational resources are excellent. Their spreads are competitive, especially for those with larger account balances. However, their customer support could be more proactive. Reviewed: John Doe

 

🥈Happy Customer

FXTM offers a wide range of assets with competitive spreads, from forex to cryptocurrencies. Their support is responsive, and education materials are helpful. Reviewed: Maria Ramirez

 

🥉Great Choice

FXTM is a well-regulated broker with a diverse range of assets. Their spreads are competitive, and their educational materials are comprehensive. Reviewed: Lee Kim

 

FXTM Customer Review

 

Pros and Cons

✅ PROS❌ CONS
Superb customer serviceHigh stock CFD fees
Great educational toolsInactivity and withdrawal fees
Digital and fast account openingLimited product portfolio
Low fees for stock index CFDsHigh stock CFD fees
Low EURCHF and EURGBP feesMost withdrawal options have a fee
Credit/Debit card availableNo two-step (safer) login
No deposit feeNo price alerts

 

10 Best Forex Brokers in South Africa for 2025

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

 

Conclusion

FXTM is one of the most popular and reliable brokers, which provides a big list of offers and acceptable trading parameters.

 

You might also like: FXTM Account Types Overview

You might also like: FXTM Demo Account – Step-by-Step

You might also like: FXTM Fees and Spreads

You might also like: FXTM Minimum Deposit

You might also like: FXTM Sign-up Bonus

 

SAShares Instagram

 

Disclaimer

Prospective clients should study the company’s risk warnings carefully since all the risks involved when dealing with financial instruments are not explained separately. ForexTime will not provide clients with any investment advice, possible transactions in investments, or financial instruments, nor will it make any investment recommendations.

FXTM warns that Contracts for Difference (‘CFDs’) are complex financial products unsuitable for all investors. As leveraged products, they involve a high level of risk and can result in the loss of all invested capital. Only clients who realize the risks involved in each financial instrument should engage in any trading activity and not risk more than they are prepared to lose.

Before trading, traders should consider their level of experience and investment objectives and seek independent financial advice if necessary. According to research in South Africa, it is the client’s responsibility to ascertain whether he or she is able and permitted to use the services of the FXTM brand based on the legal requirements in his or her country of residence.

 

Frequently Asked Questions

 

Is Forextime regulated in South Africa based on the information currently available?

Yes, FXTM is regulated by the Financial Services Conduct Authority in South Africa.

 

How long is the withdrawal process from Forextime?

Withdrawal request is cleared at the most 24 hours. Afterward, the amount is deposited into your credit/debit card after a time duration of one business week by the broker.

 

Is Forextime a good and legit broker?

Our Forextime review reveals that this broker is regulated by 3 top-tier- and other foreign regulators. It is considered a good and legit broker.

 

Is it possible to trade and invest in equities with Forex time (FXTM)?

With forextime, you are able to trade, buy, or hold shares of global companies without having to pay commissions.

 

Which instruments can I trade with FXTM?

With FXTM, you can trade Forex, Metals, Stocks, Commodities, Forex indices, Indices, Stock CFDs, and Stock Baskets.

 

References

FXTM Global – FSCA

MetaTrader 4

FXTM Meta Trader 5

 

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4.7/5 - (4 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

February 2, 2025

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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