FXTM Review 2025 Everything you need to know

On Oct 20, 2022

The sheer number of CFDs to trade on some of the highest leverage available makes FXTM a clear choice. Using our platform, you can trade a number of different instruments including Forex (Currencies), Spot Metals (Gold & Silver), US Stocks, CFD US, Commodities and Indices. FXTM offers an extensive educational suite and trading tools, though some aspects of their educational content need updating. FXTM accepts deposits and withdrawals in major currencies like USD, EUR, and GBP.

FXTM also produce monthly market outlook video reports and there is an economic calendar, alongside a scrolling Forex News Timeline. FXTM has a convenient trading glossary that lists hundreds of terms in alphabetical order. For further education, there are articles that take fxtm broker reviews a closer look at concepts like Forex signals, CFDs, and more.

FXTM Customer Support

They allow me to learn from successful traders and improve my strategies.
A swift online application onboards new clients, and the process takes less than 20 seconds, as FXTM does not collect unnecessary information.
I asked a range of questions, from easy to difficult, and had a positive experience overall.
This ensures that your money is protected and cannot be used by the company for any other purpose.

FXTM lacks a beginner-friendly platform, and its minimum deposit requirement is $500, which is higher than the industry average. However, beginner traders can benefit from micro-lot trading, demo accounts, and the intuitive FXTM Trader mobile app. The broker also offers reliable support and solid educational materials.

Spreads & Commissions

As such, you can rest assured your personal information and banking details are always protected. This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

Does FXTM offer a demo account?

FXTM customer support is available 24/5 weekdays, with limited coverage over the weekend. In my tests, the response times were fast via live chat and phone. CFDs allow traders to speculate on price movements like futures and other derivative financial instruments without owning the underlying asset. The spreads in the Advantage Plus account are average, but more competitive conditions are available via the raw spreads Advantage account.

One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. FXTM offers traders a commission-free and commission-based Forex account.

As a result, their customer support is diverse and wide-reaching to match each client’s needs depending on the region. FXTM offers clients the opportunity to trade over 250 financial instruments, all from MT4/MT5. You can, however, trade all the major markets offered by FXTM directly from your charts in the MT5 platform and access several exclusive features that we go over below.

Islamic accounts

ForexTime offers 24/5 trading support and also offers technical and educational support to help clients improve as traders by helping them analyze mistakes that can be avoided in the future.
I’m continually impressed with the clarity and detail of FXTM’s market insights.
This can vary due to factors like server latency and market conditions, but FXTM’s execution is still commendable.
Trading platforms often come with charting, research, and order processing tools too.

You’ll need to add personal and tax information to your profile, upload photos of some ID and, finally, make a deposit. With its superb range of trading resources and convenient mobile application, ForexTime FXTM is an excellent option for anyone who wants an easy entry point into foreign exchange trading. Also, while there are no additional fees on top of overnight financing charges, it charges inactivity fees. FXTM will not charge any deposit fees, just like most online brokerage firms, as this is now the standard practice for brokers. FXTM offers zero commissions on the Micro and Advantage Plus accounts. Finally, let us compare FXTM Micro Account average spreads with those other major brokerages offered on the three most actively traded Forex pairs.

With over 1.5 million clients from more than 150 countries, FXTM is a trusted choice in the online trading community. FXTM also offers various ebooks covering topics like Japanese candlesticks, cryptocurrency trading, and Elliott Wave Theory, which are good sources of materials to print out for offline study. FXTM offers a swap-free Islamic account that adheres to the principles of Sharia law.

It makes it easy for me to diversify my trading portfolio effectively. FXTM’s commitment to regulatory compliance gives me peace of mind while trading. The clarity of FXTM’s market insights has been crucial for my trading strategy. The application process may require some identification documents, such as a valid ID and proof of address. Specific documentation requirements will be outlined during the application process.

What Can I Trade

FXTM have established themselves as a very well-trusted, and compliant broker across the globe. This is thanks in part to their regulatory oversight which comes from many of the most respected bodies in the industry. Currently, the broker is regulated by multiple top-tier regulators including CySEC in the EU, the FCA in the UK, FSCA in South Africa, and the FSC in British Virgin Islands. This provides them an excellent mix of regulatory environments and a degree of flexibility depending on the entity you are trading under. FXTM complies with four regulators, is a member of the Hong Kong-based Financial Commission, publishes audited performance reports, and has a clean operational record spanning fourteen years. Therefore, traders should consider FXTM among the most-trusted brokers industry-wide.

Many are available in various countries, while others are region-specific. All FXTM accounts are available in USD, EUR, GBP, or NGN (only Nigerian clients). The following chart outlines the payment methods available at FXTM.

Does FXTM offer a welcome bonus?

However, I also found room for improvement in the spreads in the Advantage Plus account. The material goes beyond the theoretical and includes plenty of actionable ideas. I especially liked the Pivot Point indicator, which shows the daily pivot and three major support and resistance levels. FXTM is particularly strong in the range of available CFDs on commodities, indices, and shares. The MetaTrader Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform.

– Non-trading fees aren’t directly related to trading, but you should consider them as they make up the cost of using a certain broker. FXTM does not charge internal fees, but third-party payment processor costs may apply. They include bank wires and a broad range of domestic banking solutions for countries, which I find excellent. Traders may also use Skrill, GlobePay, Pay Redeem, Perfect Money, Neteller, FasaPay, and M-Pesa.

Opening an account at FXTM is fast, and the first step requires only a few seconds. Traders must submit their name, country, a valid mobile phone number, e-mail address, and desired password. FXTM will send a confirmation PIN to the entered mobile number to complete the process. We were able to complete this within 24 hours which was speedy and satisfactory. Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies. FXTM’s account options are diverse and tailored to different trading styles.