FXBrokerTrust
FXTM

FXTM

Compliant
Company Name
FXTM
Headquarters
Cyprus
Founded
Founded in 2011
  • FCA
  • CySEC
  • FSA
  • FSC
Overall Score
8.2/10
Min Deposit
$10
Max Leverage
1:2000
EUR/USD Spread
0.1 pips
Trading Platforms
MT4, MT5, FXTM Trader App
Withdrawal Speed
1-2 business days

Overview

FXTM (ForexTime) is a Cyprus-based forex and CFD broker founded in 2011. Regulated by FCA, CySEC, and FSC(Mauritius), FXTM is known for its high leverage up to 1:2000, low minimum deposit of $10, spreads from 0.1 pips, and a wide range of account types including Cent accounts for beginners.

Basic Information

Company Name
FXTM
Founded
Headquarters
Cyprus
Official Website
https://www.forextime.com
Instruments
Forex, CFD, Indices, Commodities, Cryptocurrencies, Shares
Account Types
Standard, Cent, Advantage, Advantage Plus

Regulation

Regulatory licenses and compliance status of this broker

  • FCAVerified

    FCA · License Number FRN 600475

  • CySECVerified

    CySEC · License Number CySEC 185/12

  • FSAVerified

    FSA · License Number SD012

  • FSCVerified

    FSC · License Number C118022526

Trading Conditions

Trading Conditions

Min Deposit
$10
Max Leverage
1:2000
EUR/USD Spread
0.1 pips
Trading Platforms
MT4, MT5, FXTM Trader App
Account Types
Standard, Cent, Advantage, Advantage Plus

Deposits & Withdrawals

Deposit Methods

  • Bank Transfer
  • Credit/Debit Card
  • Skrill
  • Neteller
  • UnionPay
Deposit SpeedInstant
Deposit FeeFree

Withdrawal Methods

  • Bank Transfer
  • Credit/Debit Card
  • Skrill
  • Neteller
Withdrawal Speed1-2 business days
Withdrawal FeeFree

Scoring Details

Regulatory QualificationWeight 30%
8.0
Trading EnvironmentWeight 20%
8.3
Fund SafetyWeight 15%
7.8
User ReputationWeight 15%
8.2
Platform FeaturesWeight 10%
8.0
Customer ServiceWeight 10%
8.3

Pros & Cons

Pros

  • High leverage up to 1:2000 available
  • Low minimum deposit of just $10
  • Multiple top-tier regulatory licenses (FCA, CySEC)
  • Four account types including Cent account
  • FXTM Invest copy trading program

Cons

  • Market Maker execution on some accounts
  • Limited product range compared to some competitors
  • No cTrader platform available
  • Research and analysis tools could be improved
  • Inactivity fee applies on dormant accounts