Contributor, Benzinga
April 6, 2022
verified by Jay and Julie Hawk
FXTM Review
Overall Rating:
securely through FXTM Review's website

Cyprus-based ForexTime Limited, commonly referred to as FXTM, is one of the world’s most popular forex and contracts for difference (CFD) brokers. Since 2011, FXTM has provided traders with a wide range of trading instruments and educational resources, as well as fund protection, free demo accounts and account managers. 

FXTM is regulated in a number of jurisdictions and supports the MetaTrader 4 and 5 (MT4&5) trading platforms and their mobile apps. In addition to forex, you can trade spot gold and silver, as well as CFDs on cryptocurrencies, indices, commodities and over 300 of the largest cap U.S. stocks. FXTM also provides educational webinars and seminars for less-experienced traders. 


Best For
  • Beginning traders
  • Experienced traders
  • Copy traders and people looking for a managed forex account
  • Extensive list of trading instruments
  • Online webinars and seminars
  • Copy trading, PAMM and managed accounts
  • Does not accept U.S.-based traders
  • Does not support Myfxbook or ZuluTrader options for social trading
  • No futures or options trading

FXTM Review Ratings at a Glance

Why FXTM Brokerage Over Others?

FXTM offers new traders excellent educational resources that include live online webinars and local seminars, videos and tutorials. You can also get free access to one of the best learning tools available for any forex trader — a demo account. If you’re a new trader, you really can’t go wrong with FXTM’s extensive learning resources. 

FXTM’s support of clients using the popular MetaTrader 4 and 5 (MT4&5) platforms gives many traders a familiar and sophisticated trading interface that they can begin using immediately (its software also comes in a mobile app). Another reason FXTM beats out many competitors is its PAMM and managed accounts. These accounts offer a viable solution for people who want to make money in the forex market but do not want to trade the market themselves. 

Experienced and high-volume traders will appreciate the benefits of tight dealing spreads and access to an electronic communications network (ECN) account option that allows direct access to the market. A small commission is charged in addition to the tight market dealing spreads for the ECN account. 

Whether you’re just starting out as a forex trader or have been trading for years, FXTM can fit your needs and provide excellent forex brokerage services regardless of your level of expertise.   

FXTM Pricing

FXTM offers traders 3 Standard and 3 ECN account types that include instantaneous execution and tight floating spreads. Only the ECN account has associated commission costs. A swap-free Islamic account option is available for all Standard accounts with EUR, GBP and USD as base currencies. A demo account can be opened for the Standard and Cent accounts but not for the Stocks CFD account. See the tables below for further details on costs, leverage and minimum deposits required to open an account.

Standard Accounts

Account TypeStandardCentStocks CFD
Accounting CurrencyUSD, EUR, GBP and NGN*U.S. cents, EU cents, UK pence, Nigerian kobo*USD, EUR and GBP
Min. Deposit$/€/£50$/€/£50$/€/£50
PricingFrom 1.3 pipsFrom 1.5 pipsFrom 0.1 pips
FX Leverage30:1 in EU and UK for major pairs, and up to 2,000:1 elsewhere30:1 in EU and UK for major pairs, and up to 2,000:1 elsewhereN/A
Metals Leverage20:1 for XAU/EUR, XAU/USD and XAU/GBP
10:1 for XAG/EUR and XAG/USD
Commodities Leverage10:1 for spot UK Brent, US Crude and U.S. Natural GasN/AN/A
Indices Leverage5:1 on most indices with 10:1 on the Hong Kong 50 and the Spain 35N/AN/A
Stock CFD Leverage5:1 leverage for CFDs on U.S. sharesN/A10:1 leverage for CFDs on U.S. shares, except 5:1 for UK accounts, and 3:1 leverage on European shares

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Please also note that FXTM brand does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, Brazil, the Occupied Area of Cyprus and Hong Kong. Find out more in the Regulations section of their FAQs.

ECN Accounts

Account TypeMicro Account ECN AdvantageECN Advantage Plus
Accounting CurrencyUSD, EUR, GBPUSD, EUR, GBPUSD, EUR, GBP
Min. Deposit$/€/£50$/€/£500$/€/£500
Costs$2 Commission per lot + from 0.01 pip dealing spreadCommissons ranging from $0.40 to $2 per $100K notional value
Dealing spreads from 1.5 pips
Zero commission
Wider spreads from 0.0 pips
LeverageLeverage for ECN accounts is based on the trading instrument with a limit of 30:1 maximumLeverage for ECN accounts is based on the trading instrument with a limit of 30:1 maximumLeverage for ECN accounts is based on the trading instrument with a limit of 30:1 maximum
MT4&5 Pricing5 decimals for FX (3 on JPY pairs), 2 decimals for XAU/USD and 3 decimals for XAG/USD5 decimals for FX (3 on JPY pairs), 2 decimals for XAU/USD and 3 decimals for XAG/USD5 decimals for FX (3 on JPY pairs), 2 decimals for XAU/USD and 3 decimals for XAG/USD

Also, please keep in mind that cryptocurrencies are only available under FXTM Global Limited.

FXTM Usability

With respect to FXTM’s usability, the broker allows clients to use the MT4&5 trading platforms, which makes its services immediately available to thousands of traders who already have experience with those popular platforms. The MT4&5 platforms feature state-of-the-art technical analysis and charting options. They can also run “expert advisors” that consist of software you can program yourself or buy from 3rd-party developers. These so-called “trading robots” can be automated to enter trades based on programmed market setups.


MetaTrader 5 trading platform. Source: MetaTrader.

The MT4&5 platforms are quite intuitive to use and can readily be mastered by opening a demo account to practice in. The demo account is an extremely powerful educational tool that lets you trade using virtual money to avoid risking any real funds. Demo accounts can also be invaluable to traders developing and testing a trading strategy. 

Once you’ve learned how to trade via the MT4&5 trading platforms, you’ll be able to manage your positions and implement your trading plan smoothly and efficiently. You can also see your balances immediately on the MT4&5 platforms and can even make trading account deposits and withdrawals via the platform.  

In addition to the downloadable MetaTrader platforms, FXTM offers the MT4&5 web-based platform called WebTrader. This platform lets you access your FXTM account from any computer connected to the Internet without the need to download any software. 

Another great feature offered by FXTM is the ability to conduct copy trading on the MT4&5 trading platforms. With its copy trading service, you can access a wide variety of trading signals that you can subscribe to. Once subscribed, you’ll be able to automatically copy every trade made by the signal provider.  

FXTM Education

FXTM has extensive educational resources ideal for beginning and intermediate traders. Even seasoned traders might find important material that could improve their trading results. FXTM’s education resources consist of:

  • Webinars: FXTM has assembled a team of industry experts that provide regular webinars in multiple languages. The webinars cover a wide range of topics suitable for traders at any level. Some of the topics covered include the fundamentals of forex trading, risk management techniques, trading psychology and different trading strategies.
  • Seminars: Due to the global pandemic, FXTM has put its seminars on hold. When the seminars are held, they are generally hosted in a major urban center in various regions around the world and presented by acclaimed industry experts. The seminars give traders the opportunity to ask seminar leaders questions and network with other traders in their area. FXTM also awards certificates and prizes at these events.
  • Videos: FXTM has produced a series of educational videos by market expert John Jergeson. The videos cover the forex market from trading basics and fundamentals to complex trading strategies. Other important subjects covered in the videos consist of market and personal psychology and the use of indicators that can be invaluable to traders at all levels of expertise. 
  • Ebooks: Whether you’re a new trader or have extensive experience in the forex market, FXTM’s ebook library probably has a book that can improve your trading results. Some of the titles in the library include The Elliott Wave Theory and Bullish and Bearish Japanese Candlesticks and Strategies. 

In addition to the resources described above, FXTM regularly publishes educational articles that cover many forex topics and includes a forex glossary, so you can familiarize yourself with the jargon commonly used in the business. 

FXTM Customer Support

Based in Limassol, Cyprus, FXTM’s customer support is available in 30 languages from 8 a.m. until 6 p.m. local time Monday through Friday. The customer support department can be accessed through: 

Live chat, Telegram, Messenger and Call Back: These support options are accessible via the FXTM website by clicking on the orange icon in the lower right-hand corner.

Phone: FXTM’s direct phone line to its offices in Limassol is +357 25 55 8 777. 

Email: You can obtain customer support via email using several links on FXTM’s website. You can choose among addresses that deal with queries and support, new accounts and account opening, back office, disputes and complaints, and media relationships.

FXTM Offerings

In addition to forex, CFDs, commodity, indices and spot metals trading, FXTM offers different account types to fit just about any kind of trader. The use of the MetaTrader platforms and the broker’s extensive list of tradable instruments — as well as its tight dealing spreads and low commissions on ECN accounts — make FXTM an excellent choice for many novice and advanced traders.  

FXTM Forex 

FXTM offers trading on more than 50 major, minor and exotic currency pairs. The broker offers competitive dealing spreads on most pairs, and you can access advanced signals and expert advisors through the MetaTrader platforms. 


Example of forex dealing spreads at FXTM. Source: FXTM

FXTM CFDs on Commodities, Stocks and Indices

If you want to expand your trading into oil and gas, you can trade CFDs on 3 types of energy commodities through FXTM: 

  • U.S. spot crude oil
  • U.S. spot natural gas 
  • U.K. Brent oil

If you’re interested in diversifying your trading into other instruments, you can trade stock CFDs on some of the world’s largest capitalization stocks through FXTM, such as Apple, L’Oréal, Gap, Airbus, Cisco, MetLife and Southwest Airlines. FXTM also gives clients access to trade CFDs on the world’s major stock indices:

  • German Dax 30 (GDAX) 
  • Australia 200 (AUS200)
  • US Tech 100 Mini (ND100m)
  • UK FTSE100 (UK100)
  • US SPX 500 Mini (SP500m)

FXTM Spot Metals

If you plan on diversifying into precious metals, you can trade spot gold and silver against the euro, the U.S. dollar and pound sterling via FXTM. Precious metals have traditionally been a hedge against inflation and geopolitical uncertainty, and some currencies are influenced by shifts in their value. 

FXTM Mobile App

The MetaTrader 4 and 5 mobile applications are available at the Apple and Android app stores. They give traders increased flexibility by allowing trading virtually anywhere and anytime on mobile devices. The apps come with most of the features found on the desktop MT4&5 applications and an extended version is available for tablets.

The MT5 app uses the MQL5 MetaQuotes Language 5 and has some expanded capabilities compared to the MT4 app. For example, the MT4 app has 6 different time frames for technical analysis, while the MT5 app has 21 different time frames to choose from. 

FXTM Overall Rating

FXTM is a major online forex, CFD and spot metals broker that operates worldwide with some exceptions, the most notable being its refusal to accept U.S. clients. To provide ample security for account holders, customer accounts are segregated from company funds, and the broker submits to oversight by several major regulators: 

  • The Cyprus Securities and Exchange Commission (CySEC), License Number 185/12
  • Financial Sector Conduct Authority (FSCA) of South Africa, FSP no. 46614
  • The Financial Services Commission of Mauritius (FSC), Investment Dealer License C113012295
  • The Financial Conduct Authority (FCA), Firm Reference Number 777911

FXTM also boasts impressive educational facilities for beginning traders, and it supports the MetaTrader platforms that offer many useful features for advanced traders. Tight dealing spreads and low commissions on ECN accounts provide an even greater incentive to choose FXTM. In all, FXTM is an excellent choice for a forex and CFD broker no matter whether you’re just starting out or have been trading for years. 

User Reviews


How do you use this product to boost your finances?

hello i was scammed for over five months until i met Philips, no long talk please if you are also a bitcoin or binary scam victim, then contact sir Philips via he is also a certified broker who can also manage your trading for


How do you use this product to boost your finances?

I have been using this broker for about five years and I can say so far they have been fantastic. Their customer service is top notch and they are very responsive and ready to help at anytime. Overall this broker is very reliable.


How do you use this product to boost your finances?

AM GLAD ABOUT THE SUCCESS STORY I GAINNED FROM FINANCE CHARGE BACK,A bunch of scammers. Stay away. They got my funds and were playing games for days. Until, I got some people involved(Finance charge back via google). Customer service non existent.

Eric Smith

How do you use this product to boost your finances?

They are heartless scammers, I invested $USD15,000.00, and later aggreviated to $USD95,980.00. I now requested for $USD57,000.00 to be paid on my Bank account. They never said no until one day one worker Mr Joel Peter came online to trade with me before t

Submit Your One Minute Opinion

How do you like FXTM Review?

Get a Forex Pro on Your Side, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade. 

You can also tap into:

  • EUR/USD as low as 0.2 with fixed $5 commissions per 100,000
  • Powerful, purpose-built currency trading platforms
  • Monthly cash rebates of up to $9 per million dollars traded with’s Active Trader Program

Learn more about’s low pricing and how you can get started trading with