FXTM Review 2026: Our Complete Analysis
Last updated: January 2026 | view the full broker profile
This FXTM review covers everything retail traders need to know about ForexTime — from regulation and account types to platforms, fees, and real trading conditions. Founded in 2011, FXTM has grown into a globally recognized forex and CFD broker serving over 4 million clients across 150+ countries. Whether you are a beginner exploring micro-lot trading or an experienced trader evaluating raw spread accounts, this review of FXTM gives you the facts.
About FXTM
FXTM (ForexTime) was founded in 2011 in Limassol, Cyprus, by Andrey Dashin — a co-founder of Alpari. The legal entities operating under the FXTM brand are Exinity Limited and ForexTime Ltd.
The broker maintains offices in Limassol, London, Johannesburg, Lagos, Nairobi, and Port Louis. It offers trading in 12 languages including English, Arabic, Chinese, Russian, and Thai — reflecting a genuinely international footprint with particular strength in Africa, the MENA region, and Southeast Asia.
FXTM is not a publicly listed company. It offers 250+ instruments across forex, indices, stock CFDs, and commodities, delivered through MetaTrader 4 and MetaTrader 5.
Regulation and Fund Security
Is FXTM safe? The broker holds licenses from five regulators, including two Tier-1 authorities — the FCA (UK) and CySEC (EU). This places FXTM firmly in the regulated category.
| Regulator | Country | License Number |
|---|---|---|
| CySEC | Cyprus | 185/12 |
| FCA | United Kingdom | FRN 600475 |
| FSCA | South Africa | 46614 |
| FSC | Mauritius | GB20025835 |
| CMA | Kenya | 128 |
Key protections:
- Client funds are held in segregated accounts
- Negative balance protection applies (you cannot lose more than your deposit)
- UK clients benefit from FSCS compensation up to £85,000 GBP
- EU clients covered by the ICF up to €20,000 EUR
The FSC (Mauritius) entity operates with less regulatory oversight than the FCA or CySEC entities — leverage up to 1:2000 is available offshore. UK and EU retail clients are capped at 1:30 as required by their regulators.
Trading Conditions
FXTM uses a NDD / Market Execution model with variable spreads. Scalping, hedging, and Expert Advisors (EAs) are all permitted.
Spreads
| Instrument | Typical Spread |
|---|---|
| EUR/USD | 0.4 pip |
| GBP/USD | 0.8 pip |
| XAU/USD | 0.20 pip |
| BTC/USD | Not available |
Note: these spreads apply to the Advantage account. The Micro (Cent) account carries higher spreads of approximately 1.5 pips on EUR/USD.
Account Types
| Account | EUR/USD Spread | Commission | Minimum Deposit |
|---|---|---|---|
| Micro (Cent) | ~1.5 pip | None | $10 |
| Advantage | ~0.0 pip | $2–$25 per lot (volume-based) | $500 |
| Advantage Plus | ~1.5 pip | None | $500 |
The Micro (Cent) account is FXTM's standout offering for beginners. A $10 minimum deposit with cent-denomination lots lets new traders experience live market conditions without significant capital at risk. The Advantage account suits more active traders who prefer tight spreads and are comfortable paying a commission per lot. The Advantage Plus is a middle ground: no commission but wider spreads than the Advantage.
Minimum lot size is 0.01. Retail leverage is capped at 1:30 for FCA/CySEC accounts, while the offshore entity offers up to 1:2000.
Base currencies available: EUR, USD, GBP, NGN, ZAR.
Trading Platforms
FXTM does not offer a proprietary desktop platform. It relies exclusively on the MetaTrader suite.
| Platform | Desktop | Web | Mobile |
|---|---|---|---|
| MetaTrader 4 | Yes | Yes | Yes |
| MetaTrader 5 | Yes | Yes | Yes |
| FXTM Trader App | No | No | Yes (mobile only) |
MetaTrader 4 remains the default for forex traders — reliable, fast, and compatible with thousands of third-party EAs. MetaTrader 5 adds more order types, a built-in economic calendar, and broader instrument coverage. The FXTM Trader App is a proprietary mobile application available for iOS and Android, primarily designed for account management and copy trading access.
Additional tools available through FXTM:
- FXTM Invest (copy trading program)
- Trading Signals
- Economic Calendar
- Market Analysis
- Educational content (courses, webinars, e-books)
Tradable Instruments
| Asset Class | Number of Instruments |
|---|---|
| Forex Pairs | 60+ |
| Stock CFDs | 180+ |
| Indices | 11+ |
| Commodities | 8+ |
| Cryptocurrencies | 0 (removed in 2022) |
| ETFs | 0 |
| Futures | 0 |
| Total | 250+ |
FXTM's instrument range is adequate for forex and CFD trading but notably limited if you want diversification into crypto, ETFs, or futures. Crypto CFDs were removed from the catalogue in 2022 and have not returned. Traders seeking those asset classes will need to look elsewhere.
Deposits and Withdrawals
The minimum deposit is $10 USD on the Micro (Cent) account — one of the lowest entry points in the industry.
Deposit methods: bank card, bank wire, Skrill, Neteller, Perfect Money, M-Pesa, WebMoney.
Withdrawal details:
| Method | Fees | Processing Time |
|---|---|---|
| Bank Card | Free | 24–48 hours |
| Skrill / Neteller | Free | Instant |
| Bank Wire | Free (above $1,000) | 2–5 business days |
Deposit fees: none. Withdrawal fees: none for e-wallets and cards. Bank wire withdrawals below $1,000 may incur fees — verify current terms on the FXTM website.
Inactivity fee: $5 USD per month after 6 months of inactivity. This is a standard industry charge but worth monitoring if you trade infrequently.
FXTM's inclusion of M-Pesa is a notable feature for clients in Kenya and other East African markets — a payment method rarely offered by international brokers.
Customer Support and Education
Support is available 24/5 via live chat, email, and telephone. FXTM supports 12 languages in its customer service — the same list as its platform interface (EN, FR, ES, DE, IT, PT, ZH, AR, RU, TH, VI, ID). Multilingual support of this depth is a genuine differentiator for non-English-speaking retail clients.
Education at FXTM is notably comprehensive:
- Video courses and e-books for beginners
- Regular live and recorded webinars
- Market analysis and trading signals
- Demo account (free, unlimited practice)
The FXTM Invest copy trading feature also serves an educational role — newer traders can observe and mirror more experienced strategy providers before trading independently.
Pros and Cons
Pros:
- Micro (Cent) account with $10 minimum deposit — ideal entry point for beginners
- FXTM Invest copy trading program is well-established and easy to use
- FCA + CySEC regulation with FSCS/ICF compensation schemes
- Strong local presence in Africa (M-Pesa, offices in Nigeria and Kenya)
- Comprehensive education: courses, webinars, e-books, and demo account
Cons:
- Crypto CFDs removed from the catalogue since 2022 — no recovery in sight
- No ETFs, no futures — instrument range is narrower than some competitors
- Micro account spreads (~1.5 pip EUR/USD) are high relative to ECN brokers
- Inactivity fee of $5/month after 6 months
- No proprietary desktop trading platform
FAQ
Is FXTM regulated and safe to use? Yes. FXTM holds licenses from the FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSC (Mauritius), and CMA (Kenya). UK clients are protected by the FSCS up to £85,000 GBP. Client funds are segregated and negative balance protection applies.
What is the minimum deposit at FXTM? The minimum deposit is $10 USD on the Micro (Cent) account. The Advantage and Advantage Plus accounts require a $500 minimum deposit.
Does FXTM offer cryptocurrency trading? No. FXTM removed cryptocurrency CFDs from its product range in 2022. As of 2026, no crypto instruments are available.
Which platforms does FXTM support? FXTM offers MetaTrader 4, MetaTrader 5 (desktop, web, and mobile), and the FXTM Trader App (mobile only). There is no proprietary desktop platform.
Does FXTM charge inactivity fees? Yes. FXTM charges $5 USD per month after 6 consecutive months of inactivity on your account.
Verdict
FXTM is a solid, well-regulated broker that is particularly well-suited to beginner and intermediate traders. The Micro (Cent) account with a $10 minimum deposit and copy trading via FXTM Invest lower the barrier to entry substantially. Dual Tier-1 regulation (FCA + CySEC) and strong client fund protections make it a trustworthy choice for retail traders in the UK, EU, and beyond.
Where FXTM falls short is instrument breadth — no crypto, no ETFs, no futures — and the Micro account's relatively wide spreads. Active, experienced traders seeking competitive raw spreads across a wide asset range may find better options elsewhere.
Final score: 7/10
FXTM reviewed 2026: recommended for beginners and traders who value regulatory protection, copy trading, and education. Less suitable for those who need crypto or ETF exposure, or who want a proprietary platform experience.
Trading involves risk of capital loss.
Article by the Analyse Trading team (@analysetrading) · Updated 01/2026 · view the full broker profile
Disclaimer: Trading involves high risk of capital loss. This article is for informational purposes only and does not constitute investment advice.