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
- 🕸️FXTM Spider Chart
- 💡FXTM at a Glance
- 📜Overview
- ✨Features Offered
- ⭐️FXTM Customer Reviews and Ratings
- 🔒Safe or Scam?
- 📂FXTM Account Types
- 📝How to Open an FXTM Trading Account
- 💳FXTM Deposit and Withdrawal
- 💻FXTM Trading Platforms and Tools
- 📲Mobile Use of FXTM
- 🤖FXTM AI Integration
- 📈FXTM Trading Instruments
- ⚖️Compare Forex Brokers
- 💸Fees and Spreads
- 📊Leverage
- 📞Customer Support
- 📚Education
- 📘Forex Trading Guides
- 🔍Research
- 🏆Awards
- ⭐Customer Reviews
- ✅Pros and Cons
- 🔚Conclusion
- ⚠️Disclaimer
- ❓Frequently Asked Questions
- 🔗References
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
Category | Details |
Company Information | |
🏷️Company Name | FXTM |
📍Headquarters Location | Limassol, Cyprus |
📅Year Established | 2011 |
👤CEO/Founder | Andrey Dashin |
🌐Global Offices | Cyprus, UK, South Africa, and more |
🔖Licensing Body | FCA (UK), CySEC (Cyprus), FSCA (South Africa) |
👥Group Companies | ForexTime Limited, Exinity Limited, FXTM Trading Limited |
🏛️Business Model | Market Maker, ECN |
🌍Operational Languages | Multilingual (over 15 languages) |
🏆Awards & Recognitions | Over 25 global awards including "Best Trading Conditions" |
Regulation and Security | |
🛡️Regulation | FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSC (Mauritius) |
✔️Compliance Standards | MiFID II, GDPR, AML, KYC |
💼Client Fund Segregation | Yes |
🪫Negative balance protection | Yes |
🕵️♂️Financial Conduct Oversight | Yes |
💰Insurance Coverage | Yes |
📋AML & KYC Policy | Enforced |
🔒Security of Trading Platform | SSL encryption, Two-Factor Authentication |
🛡️Investor Compensation Fund | Yes (EU clients) |
🖥️Cybersecurity Measures | Advanced 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 Account | Yes |
💵Minimum Deposit | USD 200 / 3631 ZAR |
💱Base Currencies | USD, EUR, GBP, NGN, and more |
⚖️Leverage Options | Up to 1:2000 |
📈Spreads (Fixed/Variable) | Variable (as low as 0.0 pips for ECN accounts) |
🔄Swap-Free Accounts | Yes |
🌐Account Currency Conversion | Yes |
🚨Margin Call Level | 80% |
❌Stop-Out Level | 50% |
🔄Hedging Allowed | Yes |
⚡Scalping Allowed | Yes |
🔁Copy Trading Support | Yes |
👥Social Trading Features | Yes |
💼Managed Accounts | Yes |
Trading Conditions | |
🔍Average Spreads | From 0.0 pips (ECN), from 1.5 pips (Standard) |
💲Commissions per Trade | From $2 per lot (ECN accounts) |
🔢Leverage Range | Up to 1:2000 |
🚀Execution Speed | 0.1 seconds average |
📊Order Execution Type | Market Execution |
🔄Slippage Policy | Low, minimal slippage |
📏Margin requirements | Standard |
⏹️Stop-Loss and Take-Profit Orders | Yes |
🔁Trailing Stops | Yes |
🕑Pending Orders | Yes |
🔽Partial Fills | Yes |
🧾Dividend Adjustments | Yes |
🌙Overnight Swap Fees | Yes |
📆Rollover Policy | Yes |
🛑Guaranteed Stop Loss | No |
Trading Instruments | |
💹Forex Currency Pairs | 60+ |
🪙Precious Metals (Gold/Silver) | Yes |
📈Indices | Yes |
🌾Commodities | Yes |
⛽Energies (Oil/Natural Gas) | Yes |
₿Cryptocurrencies | Yes (Bitcoin, Ethereum, and more) |
📉Stocks | Yes |
🗂️ETFs | No |
🏛️Bonds | No |
📜Futures Contracts | No |
🛡️Options Contracts | Yes |
⚖️CFDs (Contracts for Difference) | Yes |
🔣Swap on Trading Board | Yes |
🔀Leveraged Instruments | Yes |
🎯Micro-Lot Trading | Yes |
💸Spread Betting | No |
🧺Currency Baskets | No |
Deposits and Withdrawals | |
💳Deposit Methods | Bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller, etc.) |
💵Withdrawal Methods | Bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller, etc.) |
⏱️Processing Time for Deposits | Instant to a few hours, depending on the method |
🕒Processing Time for Withdrawals | 1–3 business days |
🚫Deposit Fees | No |
💵Withdrawal Fees | Varies based on withdrawal method |
🔢Minimum Deposit Amount | USD 200 / 3631 ZAR |
📉Minimum Withdrawal Amount | $5 |
🚪Maximum Withdrawal Limit | Depends on the withdrawal method |
💱Supported Currencies | USD, EUR, GBP, and other local currencies |
₿Crypto Deposits & Withdrawals | Not available |
🏦Bank Wire Transfers | Yes |
💳Credit/Debit Cards | Yes |
📲E-Wallets (Skrill, Neteller, etc.) | Yes |
🏘️Local Payment Methods | Available for specific regions |
Trading Platforms and Tools | |
💻MetaTrader 4 (MT4) | Yes |
👩💻MetaTrader 5 (MT5) | Yes |
🖥️Proprietary Platform | Yes |
📱Mobile Trading App | Available |
🌐Web-Based Platform | Supported |
🤖Trading Bots | Supported via MT4/MT5 |
🖧VPS Services | Available |
🔌API Connectivity | Not supported |
📉Charting Tools | Advanced tools available |
🧮Custom Indicators | Supported |
🧠Market Sentiment Analysis | Available |
📩Trading Signals | Available |
🏷️Advanced Order Types | Supported |
⚠️Risk Management Tools | Stop-loss, take-profit, and others |
📅Economic Calendar | Available |
📰Market News Feed | Integrated in the platform |
Customer Support | |
📞Support Channels | Live chat, email, phone |
🗨️Live Chat Availability | 24/5 |
📧Email Support | Yes |
📱Phone Support | Yes |
🌍Multilingual Support | Yes, covers multiple languages |
❓Help Center/FAQ | Available |
👨💼Dedicated Account Manager | Yes, 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. |
🏫Seminars | Offered in selected locations and online. |
📖Trading Tutorials | Comprehensive tutorials for beginners and advanced traders. |
📊Market Analysis Reports | Regularly updated, covering major market events. |
📚E-Books | Free e-books on various trading topics. |
🎬Video Library | Extensive library covering trading basics, strategies, and platform usage. |
📜Glossary | Available, explaining key trading terms. |
❔FAQs | Comprehensive FAQ section covering trading, accounts, and technical queries. |
🆕Beginner Guides | Detailed guides for new traders, including platform walkthroughs. |
🚀Advanced Trading Strategies | Resources available for professional traders to refine strategies. |
Partnerships and Programs | |
📋IB Program | Yes, offering commissions and rebates for introducing brokers. |
🪪Affiliate program? | Yes, with revenue-sharing opportunities. |
🏷️White Label Solutions | Available for businesses looking to offer branded trading services. |
🎁Partnership Rewards | Incentives and bonuses for active partners. |
🏛️Institutional Solutions | Tailored solutions for institutional clients. |
🔌API Partnership | Supports API connections for algorithmic trading and partner integration. |
🤝Referral Program | Yes, rewarding clients who refer others. |
Fees & Charges | |
💳Deposit Fees | No fees on deposits. |
📤Withdrawal Fees | Varies by payment method, some methods may incur charges. |
💤Inactivity Fee | Applicable after 6 months of inactivity. |
🌜Overnight Fees (Swaps) | Charged based on open positions held overnight. |
💱Conversion Fees | Applied when trading in non-account currencies. |
💰Commission on Trades | Charged on ECN accounts, starting from $4 per lot. |
Market Research Tools | |
📅Economic Calendar | Comprehensive, covering global economic events. |
📰Market News | Frequently updated, focusing on major market movements. |
📩Trading Signals | Provided by in-house experts and third-party providers. |
🔧Technical Analysis Tools | Advanced 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 Platform | Supports social and copy trading via MyFXTM and external platforms. |
🏆Trading Competitions | Regular contests for demo and live account holders. |
🎁Loyalty Rewards | Tiered rewards for active traders. |
👑Exclusive VIP Perks | VIP 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 Contests | Regularly hosted with cash prizes. |
🌟Seasonal Promotions | Offered during special events or holidays. |
🎖️Loyalty Programs | Available for frequent traders. |
User Experience & Reviews | |
🖥️User Interface Quality | Intuitive and user-friendly platforms. |
🔒Platform Stability | Reliable with minimal downtime. |
📱Mobile App Reviews | Highly rated for usability and features. |
⭐Overall User Rating | Positive, with consistent praise for educational resources and customer support. |
🌟Trustpilot Rating | Rated 4.2/5 |
😟Common Complaints | Complaints include withdrawal delays for certain methods. |
Mobile | |
📱Mobile App Name | FXTM Trader |
🛠️Developer | FXTM |
📅Release Year | 2018 |
💻OS Compatibility | iOS and Android |
🌐Languages Supported | Multiple languages, including English, Arabic, and Chinese. |
📈Trading Instruments | Forex, CFDs, metals, and indices. |
🔄Real-Time Data | Yes, with live quotes and updates. |
🛠️Charting Tools | Fully functional with advanced charting options. |
📊Order Types Supported | Market, limit, stop, and trailing stop orders. |
🚀Order Execution Speed | Fast, with minimal latency. |
🔔Custom Alerts | Alerts for price movements and account changes. |
🤝Beginner-Friendly | Yes, with tutorials and a simple interface. |
🔐Security Features | Includes encryption and two-factor authentication (2FA). |
🖥️Synchronization | Seamless across devices. |
💰Deposit and Withdrawal | Supported via the app. |
📝Account Types Accessible | All account types. |
🔄Switch Accounts | Supported within the app. |
💬In-App Support | Live chat and ticket submission available. |
📚Educational Resources | Integrated access to webinars and tutorials. |
🎯Watchlist | Customizable and easy to manage. |
🌙Dark Mode | Supported. |
🌐Social Trading | Integrated with the FXTM Invest program. |
AI Trading Resources | |
🤖AI Integration | Yes |
📊Data Analysis | Limited to manual analysis tools |
📈Predictive Analytics | Not available |
🛠️Customizable Strategies | Supported through MT4/MT5 |
📉Risk Management Tools | Basic tools available |
🧑🏫Trading Insights | Provided through market analysis |
🚀Execution Optimization | Available for manual trading |
🔄Portfolio Rebalancing | Not automated |
📚AI Tutorials | Not available |
🎥Video Demonstrations | Limited educational content |
🧑🤝🧑Webinars | Regularly conducted |
🔍AI-Powered Search | Not supported |
🌟Beginner-Friendly | Basic AI tools for beginners |
🖥️Platform Availability | MT4, MT5 platforms |
📈Backtesting Capability | Available on MT4/MT5 |
🛠️Strategy Builder | Available on trading platforms |
🔔Alerts and Notifications | Supported on trading apps |
🔒Data Protection | High-security standards |
👁️🗨️Transparency | Regulated and transparent |
Social Media Platformst | |
Active | |
Active | |
Active | |
Active | |
🎥YouTube | Active with educational content |
👉Open Account | 👉 Open Account |
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 Pairs | Yes, offers 60+ currency pairs including majors, minors, and exotics. |
📊Stock index CFDs | Yes, includes popular indices like NASDAQ, S&P 500, and FTSE 100. |
🏦Stock CFDs | Yes, provides access to a range of global stocks. |
📈ETF CFDs | No, ETF CFDs are not available. |
⛏️Commodity CFDs | Yes, covers metals like gold and silver, as well as energy products. |
🏛️Bond CFDs | No, bond CFDs are not available. |
₿Cryptos | Yes, 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 Rating | 4.5/5 – Generally positive, with high marks for competitive spreads and platform reliability. |
👏Customer Satisfaction | Positive feedback for tailored account options and extensive educational resources for beginners. |
📞Customer Service | Responsive and multilingual support, though some users report occasional delays in issue resolution. |
Safe or Scam?
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
🔎 Account | 🥉 ADVANTAGE STOCKS | 🥈 ADVANTAGE | 🥇 ADVANTAGE PLUS |
💰 Minimum Deposit | USD 200 / 3631 ZAR | USD 200 / 3631 ZAR | USD 200 / 3631 ZAR |
🔁 Spreads from | From 6 cents | From 0.0 | From 1.5 |
💳 Commission | Zero | $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 offered | Up to 1:3000 | Up to 1:3000 |
🚀 Open an Account | 👉Open Account | 👉Open Account | 👉Open Account |
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
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
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
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 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
To fulfill all traders’ unique needs, FXTM 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
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
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 Availability | Yes, available for both iOS and Android devices. |
📊 Features | Real-time market updates, technical analysis tools, account management, and seamless trading. |
⚡ Performance | Generally fast and responsive, with occasional connectivity issues during high volatility. |
🌍 Multilingual Support | Available in multiple languages for global accessibility. |
👍 User Experience | Intuitive 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.
Category | Description |
🤖AI Market Analysis | Real-time insights and predictive analytics for informed decisions. |
📈Predictive Analytics | Tools to forecast market trends and identify trading opportunities. |
⚙️Automated Trading Solutions | AI-driven automation for precise and efficient strategy execution. |
📊Risk Management Tools | Intelligent tools to monitor and minimize trading risks. |
💬AI Chat Support | Smart chatbots providing 24/7 customer assistance. |
🖥️Enhanced User Experience | AI-enhanced platform offering a seamless and user-friendly interface. |
🚀Focus on Innovation | Adoption of cutting-edge AI technologies for a competitive edge. |
FXTM Markets Instruments
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 |
🔎Regulation | Regulated by CySEC, FCA, DFSA, SCB | Regulated by CySEC, FCA, DFSA, FSCA | Regulated by ASIC, CySEC |
💻Trading Platforms | MT4, MT5 | MT4, MT5 | MT4, MT5 |
💰Minimum Deposit | $5 | $1 | $20 |
📊Spreads | From 0.0 pips | From 0.0 pips | From 0.0 pips |
📈Leverage | Up to 1:3000 | Up to 1:3000 | Up to 1:500 |
Fees and Spreads
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
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
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
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
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 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
Pros and Cons
✅ PROS | ❌ CONS |
Superb customer service | High stock CFD fees |
Great educational tools | Inactivity and withdrawal fees |
Digital and fast account opening | Limited product portfolio |
Low fees for stock index CFDs | High stock CFD fees |
Low EURCHF and EURGBP fees | Most withdrawal options have a fee |
Credit/Debit card available | No two-step (safer) login |
No deposit fee | No price alerts |
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Conclusion
FXTM is one of the most popular and reliable brokers, which provides a big list of offers and acceptable trading parameters. The website offers a rich number of educational materials and provides its clients with professional help in case of any issues. Alterations proposed by some clients include increasing the quickness of the customer service, reducing the withdrawal charges, and thus increasing the site’s quality rating and trust level.
This is an award-winning broker offering a great range of trading instruments, platforms, and accounts for those traders who are looking for a dependable and regulated brokerage firm. Here, they have a large number of resources designed to simplify trading processes for different levels of traders. Authorised by the world’s most prominent regulating bodies, including the FCA, FXTM guarantees a safe trading platform. They have a good customer support service, with adequate educational facilities that include demo accounts and webinars for oriented practice. FXTM offers almost instant and completely online account creation, yet traders can experience high stock CFD costs, account inactivity fees, and withdrawal fees along with a relatively restricted product offering.
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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
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