Fxtm is a popular forex broker among traders. FXTM stands for forex time.
It’s a well-regulated forex broker with a good reputation.
In this review, I will show you the important stuff about Fxtm broker from spread, bonuses, minimum deposits, and so on.
The table below is a summary of the Fxtm review
| Year Founded | 2011 |
| Minimum Deposit | $50 ( Depends on Account Type |
| Free Bonus | 30% on Deposit |
| Cent Account | Yes |
| Leverage | Starts From 1:1000-1500 depending on account type |
| FXTM Spread | Spread depends on account type – See more information Below |
| ECN | Yes |
| Deposit Method | All popular payment methods; see more info below |
| Withdrawal Method | Same as deposit methods |
| MT4 | Yes |
| MT5 | Yes |
| Mobile App | Yes |
| Copy Trade | Yes |
| Trustscore | 75% |
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IS FOREX TIME REGULATED AND SAFE?
One important question in minds of traders is how safe a forex broker is.
Due to a rise in fraudulent activities in the forex trading world; it’s important to check on the reputation of a forex broker.
As For the FXTM forex broker, it is regulated by over 4 regulatory organizations.
- FXTM is regulated by the Financial Services Commision of Mauritus
- FXTM is regulated by Cyprus Securities and Exchange Commission
- Also Regulated by licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614
- Registered with the Financial Conduct Authority of the UK with number 600475.
The above regulatory bodies will make sure brokers like FXTM are not doing anything against the law.
Therefore, your money is indeed safe with Forex Time Broker.
FXTM REVIEW – Frequently Asked Questions
While the minimum deposit for fxtm depends on the account type; the lowest minimum deposit is $50/£50/N10,000 for the micro account while the highest minimum deposit is $500/£500/N80,000 for the advantage and advantage plus account. You can read more on fxtm account types below
The Forex time spread depends on the account type that you have opened. Spreads are majorly 1.5 pip and this is a floating spread that can increase any time of the day depending on market conditions. the spread for each account type is down below in this article.
Forex Time broker is not bad for beginners although not the best. for example, the minimum deposit is $50 which becomes a problem for beginners who wants to test and practice with a small amount of money.
But if $50 is not a serious setback to your wallet, then nothing should stop you from using this broker
Most FXTM withdrawal methods get processed between 24hours.
only a few of their withdrawal methods extends to 3-4 business days; these methods that take more time include; Konnexone and Latin America Solutions.
FXTM has various withdrawal methods, I will mention the popular ones;
Bank wire, credit cards, e-wallets like perfect money, WebMoney, and then skrill to mention a few. Some local banking methods that are country-specific are also allowed.
FXTM has various deposit methods, I will mention the popular ones;
Bank wire, credit cards, e-wallets like perfect money, WebMoney, and then skrill to mention a few. Some local banking methods that are country-specific are also allowed.
FXTM Account Types and Spread Explained
1. FXTM Micro Account Type – Spread
This account is FXTM’s solution for beginner traders looking to start small and test their trading knowledge.
A major drawback to this account type is that the broker still acts as a middle man which would cause requotes.
Below is summary info about this account type
- Spread: 1.5 pip (floating)
- Leverage: 1:1000
- Minimum Deposit: $50
- Commisions: zero
- Platform: MT4
2. FXTM Advantage Account – Spread, Commissions and Minimum Deposit
The fxtm advantage account comes with a $500/£ 500 minimum deposit.
Although this account comes with a 0 pip fixed spread, a commission of $,£/0.2- $,£4 is charged based on trading volume.
Here is a summary of the fxtm advantage account
- Spread: Fixed 0pip
- Leverage: 1:2000 (not stable)
- Minimum Deposit: $500/£500/N80,000
- Commission: $0.2 – $4 based on trading volume
- platforms: MT4 and MT5
3. FXTM Advantage Plus Account – Spread, Commissions and Minimum Deposits
The major difference between the FXTM advantage account and the advantage plus account is that the advantage plus account has zero commissions and 1.5pip floating spread,
while the normal advantage account has 0 pip spread but charges commissions based on trade volume.
Here is a summary of the advantage plus account
- Spread: 1.5 pip floating
- leverage: 1: 1200 floating
- Minimum Deposit: $500/£500/N80,000
- Commission: Zero
- Platform: MT4 and MT5
FXTM Review – Trading Platforms
- Metatrader 4
- Metatrader 5
- FXTM Trader on Mobile
- Copy Trading Platform
FXTM Trading Instruments
While fxtm is known popularly as a forex broker; there are other assets that you can trade with the broker;
- Forex
- Metals
- Stocks
- CFD stocks
- Indices
- Stock baskets
- Commodities
- Contract Specifications
FXTM Review – Traders Education
It’s an obligation for every forex broker to help traders make the most of their monies by providing trading educational materials.
FXTM has done a pretty good job by providing educational materials that include
- Blog articles
- Ebooks
- Videos
- Podcasts
- Seminars
- Webinars
All these educational materials can be found on the FBS website
FXTM Review Summary
My trust score rating for fxtm is 75%. while it’s a good broker, it’s not one of the very best forex brokers available.
I have an account with them, so, you can surely use this broker for your trading.
Do you have any experience with fxtm? Whether positive or negative experience, kindly share below, let us learn from you as well.
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