FXTM Review: Regulation, Spreads & Leverage
ECN/STD broker based in Mauritius with MetaTrader 5, a $200 minimum deposit and leverage up to 1:500.
- ECN/STD
- 1:500 Leverage
Your money is at risk
In this FXTM review
FXTM overview: what kind of broker is it?
FXTM is an ECN/STD forex and CFD broker based in Mauritius, founded in 2011. FXTM (ForexTime) is a FSC, FCA, CySEC, FSCA Regulated Forex Broke.
Traders get MetaTrader 5, spreads from 0.0 pips, leverage up to 1:500 and a low $200 minimum deposit. New clients can also check the current 30% Forex Deposit Bonus.
Tradable markets include Forex Currencies, Commodities, Indices, Stocks, Bonds, Futures, Exchange Stocks, Exchange ETFs.
FXTM broker specifications
Company and regulation
| Broker | FXTM |
|---|---|
| Regulated by | FXTM (ForexTime) is a FSC, FCA, CySEC, FSCA Regulated Forex Broke |
| Type of broker | ECN/STD |
| Country | Mauritius |
| Foundation year | 2011 |
| Website | Visit FXTM website |
| Website languages | English, Chinese, Indonesian, Vietnamese, Thai, Malaysia, Malaysia, Arabic and More |
Trading conditions
| Minimum deposit | $200 |
|---|---|
| Maximum leverage | 1:500 |
| Minimum spreads | 0.0 pips |
| Base currencies | USD, EUR, GBP |
| Tradable instruments | Forex Currencies, Commodities, Indices, Stocks, Bonds, Futures, Exchange Stocks, Exchange ETFs |
| Hedging / scalping | Allowed |
| News trading | Allowed |
| Trading in public | Yes |
Bonus and promotions
| Current promotion | 30% Forex Deposit Bonus |
|---|---|
| Welcome bonus | 30% First Time Deposit Bonus |
| Standard no deposit bonus | No |
Contact details
| Telephone | +44 20 3734 1025, Toll Free: 000800-100-4352, 007 803 321 8183, 003-0813-2643 |
|---|---|
| support@fxtm.com | |
| Fax | Not available |
| Head office | Exinity Limited, 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius |
FXTM bonus
FXTM promotes a 30% Forex Deposit Bonus for new traders. It is a simple way to test the broker's MT5 execution, spreads and withdrawal process before you add more of your own money.
How to claim the FXTM bonus
- Open a live account through the Visit Broker button.
- Verify your email, phone number and identity (KYC).
- Request the bonus from your client area or from support.
- Trade the required volume, then withdraw your eligible profit.
Bonus terms (required lots, time limit and withdrawal rules) can change at any time. Always read the latest conditions on the FXTM website before you claim.
FXTM pros and cons
Pros
- Regulated: FXTM (ForexTime) is a FSC, FCA, CySEC, FSCA Regulated For…
- 30% Forex Deposit Bonus for new traders
- Low $200 minimum deposit
- Spreads from 0.0 pips, ECN/STD execution
- MetaTrader 5 on every device
- Islamic, mini, VIP and managed accounts
- 9 deposit and withdrawal methods
Cons
- Bonus comes with trading-volume rules
FXTM account types
FXTM offers several account options so beginners and experienced traders can both find a fit. All live accounts start from a $200 deposit.
| Free demo account | Yes – practise with virtual money |
|---|---|
| Mini account | Yes – smaller trade sizes for beginners |
| VIP account | Yes – for high-volume traders |
| Islamic (swap-free) | Yes – no overnight swap charges |
| Managed account | Yes |
| Segregated client funds | Yes |
FXTM trading platforms
FXTM runs on MetaTrader 5, which gives you advanced charts, more timeframes, an economic calendar and support for expert advisors. Web trading and mobile trading are both available.
FXTM deposit and withdrawal methods
The same 9 methods work for both funding and withdrawals, which makes cash-outs simpler because you can usually withdraw the way you deposited.
Banks and cards
E-wallets
Is FXTM safe and legit?
FXTM is a regulated broker. FXTM (ForexTime) is a FSC, FCA, CySEC, FSCA Regulated Forex Broke. The broker says client money is kept in segregated accounts, separate from company funds.
Our verdict on safety
FXTM is a legitimate licensed broker. Start small, test a withdrawal early and use sensible leverage.
About FXTM
FXTM (ForexTime) Limited - authorized by CySEC (Cyprus) registration no. 185/12
FXTM (ForexTime) Limited - authorized FSCA (South Africa) registration no. 46614
FXTM (ForexTime) UK Limited - authorized by FCA (UK) registration no. 777911
FXTM (ForexTime) Exinity Limited - authorized by FSC (Mauritius) registration no. C113012295
Who should choose FXTM?
Good fit for
- Traders who want MT5 and raw spreads
- Bonus hunters testing a new broker
- Muslim traders needing swap-free accounts
- Scalpers, hedgers and news traders
Think twice if
FXTM FAQ
Is FXTM regulated?
Yes. FXTM (ForexTime) is a FSC, FCA, CySEC, FSCA Regulated Forex Broke.
What is the FXTM minimum deposit?
The minimum deposit to open a live FXTM account is $200.
Does FXTM offer a bonus?
FXTM currently promotes a 30% Forex Deposit Bonus for new traders. Bonus credit normally has trading-volume and withdrawal conditions, so read the latest terms on the broker's website before claiming.
What is the maximum leverage at FXTM?
Leverage goes up to 1:500. High leverage increases both potential profit and potential loss, so most traders use far less.
Which trading platform does FXTM use?
FXTM uses MT5 for PC, MT4 for PC, MT4 Web Trader, MT4 for Multi Terminal, MT5 for Android, MT5 for iPhone, MT4 for Android, MT4 for iPhone. MT5 for Android, MT5 for iPad, MT4 for Android, MT4 for iPad.
Does FXTM offer Islamic swap-free accounts?
Yes. Islamic swap-free accounts are available, along with mini, VIP and VIP accounts.
How can I deposit and withdraw at FXTM?
You can use Bank wire, Debit/Credit Card, Skrill, Neteller, OKPay, Payza, Western Union Quick Pay, FasaPay and China Union Pay.