| Trading Pair | Buy | Account | Spread |
|---|---|---|---|
EU EURUSD | 1.08708 | Standard | 0.8 |
XA XAUUSD | 2356 | Standard | 4.0 |
GB GBPUSD | 1.27193 | Standard | 1.0 |
US USDJPY | 156.44 | Standard | 0.9 |
AU AUDUSD | 0.65560 | Standard | 0.9 |
EU EURGBP | 0.85840 | Standard | 1.2 |
Spread data is indicative. Actual spreads may vary based on market conditions and account type.
FXTM (ForexTime) is a global forex and CFD broker founded in 2011 in Limassol, Cyprus, now serving clients in over 180 countries. The broker was founded by Andrey Dashin, a well-known entrepreneur in the forex industry, and has grown into a significant player with a strong presence in Africa, the Middle East, and Asia. FXTM is regulated by the FCA (UK), CySEC (Cyprus), FSCA (South Africa), and FSC (Mauritius), providing a mix of tier-1 and international regulatory coverage.
What distinguishes FXTM is its commitment to localized services across diverse markets. The broker operates local offices in multiple countries, provides support in numerous languages, and offers region-specific payment methods. This localization strategy has made FXTM particularly popular in markets that are underserved by larger international brokers. The FXTM Invest copy trading platform adds social trading capabilities, allowing less experienced traders to follow successful strategies.
FXTM offers multiple account types including Micro, Advantage, and Advantage Plus, with a minimum deposit as low as $10. The broker provides leverage up to 1:2000 on certain account types (under offshore entities), spreads from 0.0 pips on ECN-style accounts, and access to forex, metals, indices, commodities, stock CFDs, and cryptocurrencies through MetaTrader 4 and MetaTrader 5.
Min Deposit
$10
Spread From
0.0 pips
Trading Fees
From 0.0 pips on ECN Zero + commission, Advantage from 0.0 pips, Standard from 1.3 pips
FXTM provides different pricing structures across its account types. The Advantage account offers raw spreads from 0.0 pips with a commission, positioning it as the ECN-style option for active traders. The Advantage Plus account features slightly wider spreads with no commission, and the Micro account provides accessible trading from 1.3 pips for beginners with the lowest minimum deposit.
The broker's $10 minimum deposit on the Micro account is among the lowest in the industry, making FXTM accessible to virtually anyone. FXTM does not charge deposit fees for most methods, though withdrawal fees may apply depending on the payment method and account type. Some payment methods incur withdrawal processing fees.
Compared to the tightest ECN brokers, FXTM's Advantage account pricing is competitive but not category-leading. The Advantage Plus account's commission-free spread model is convenient for traders who prefer simple pricing. The Micro account's spreads from 1.3 pips are wider than many alternatives but are offset by the ultra-low entry barrier and the ability to trade micro lots.
FXTM offers MetaTrader 4, MetaTrader 5, and the FXTM Trader App as its trading platforms. MT4 provides the industry-standard experience with Expert Advisors, custom indicators, and one-click trading. MT5 adds additional timeframes, order types, and the economic calendar, making it the more feature-rich option for advanced traders.
The FXTM Trader App is a proprietary mobile application that simplifies the trading experience with an intuitive interface, quick order execution, and integrated account management. The app complements the MetaTrader mobile apps for traders who prefer a streamlined mobile experience.
FXTM is recognized for its educational efforts, particularly in emerging markets. The broker provides webinars, seminars, trading guides, and video tutorials covering forex fundamentals, technical analysis, and trading strategies. FXTM has conducted in-person seminars across Africa, Asia, and the Middle East, bringing financial education to underserved communities.
Research tools include an economic calendar, daily market analysis, and trading signals. The FXTM Invest platform also serves as an educational resource, allowing newer traders to observe and learn from successful strategy managers' approaches. While the educational content is good for beginners, advanced traders may find the depth limited compared to brokers like IG Markets or Admirals.
FXTM provides customer support via live chat, email, and phone, available 24/5 during market hours. Support is offered in multiple languages reflecting the broker's presence across diverse markets in Africa, the Middle East, and Asia. Local offices in multiple countries provide region-specific support.
The help center covers account management, platform tutorials, and trading conditions. FXTM's localized support approach means traders in key markets can often access support in their native language during local business hours, which is a meaningful advantage for the broker's target market.
FXTM is best suited for traders in emerging markets who value localized services, multilingual support, and low entry barriers. The $10 minimum deposit and Micro account make it accessible for beginners, while FXTM Invest provides copy trading for those who want passive exposure to forex markets. The broker is also suitable for traders in Africa, the Middle East, and Asia who appreciate in-person educational events and local payment methods. FXTM is less ideal for professional traders seeking the tightest ECN spreads, advanced platforms like cTrader, or exclusively tier-1 regulation.
FXTM Invest is the broker's copy trading platform, allowing investors to allocate funds to successful strategy managers and automatically replicate their trades. This feature is particularly valuable for the broker's target market of developing traders who want exposure to professional strategies while learning the markets. However, FXTM does not offer cTrader, TradingView, or other third-party platforms.
FXTM holds regulatory licenses from four financial authorities: FCA (UK), CySEC (Cyprus), FSCA (South Africa), and FSC (Mauritius). The FCA license is a tier-1 regulatory credential, providing UK clients with FSCS coverage up to £85,000, segregated client accounts, and negative balance protection.
CySEC regulation provides EU clients with Investor Compensation Fund coverage up to EUR 20,000 and the full range of EU investor protections. FSCA covers South African clients with a regulated framework. The FSC (Mauritius) entity covers international clients with lighter regulatory requirements, including the availability of high leverage up to 1:2000.
With over 14 years of operation since 2011, FXTM has established a track record of regulatory compliance. The broker's presence in multiple jurisdictions with local offices demonstrates operational commitment. However, traders should carefully verify which regulatory entity their account falls under, as protections differ significantly between the FCA/CySEC and FSC entities.
Withdrawal Methods
