FXTM Forex Brokers Review Pros, Cons and Expert Ratings

FXTM the right broker for you? Check out our expert review covering features, drawbacks, and ratings in one place. Your trading success depends heavily on picking the right forex broker. The market offers hundreds of options now. Finding a reliable platform that fits your trading needs has become quite challenging.

We really tested FXTM (ForexTime) to help you decide if this popular forex broker works for you. Our detailed FXTM Forex Brokers Review gets into everything from their regulatory compliance and trading platforms to costs and educational resources.

This analysis walks you through FXTM’s key features. You’ll learn about their MetaTrader offerings, account types, fee structures, and customer support quality. We’ve also included our direct experience with their trading tools and platform performance to help you see if FXTM arranges with your trading goals.

FXTM Regulatory Framework and Safety

Our analysis shows safety and compliance lead FXTM’s operations. The broker has built a reliable regulatory presence that provides detailed oversight of their services in multiple jurisdictions.

Global Licenses and Jurisdictions

FXTM operates under several prestigious regulatory authorities, including:

• Financial Conduct Authority (FCA) in the UK with license number 777911
• Capital Markets Authority (CMA) of Kenya with license number 135
• Financial Services Commission (FSC) of Mauritius with license number C113012295
• Financial Sector Conduct Authority (FSCA) of South Africa

Client Fund Protection Measures

FXTM takes strong steps to protect client investments. The broker provides insurance coverage up to USD 1.00 million (in excess of USD 10,000) for both available balance and open positions. Client funds stay in segregated accounts with top-tier banks, which keeps them separate from company’s operational funds.

The broker uses advanced SSL encryption technology for all communications and transactions. This extra security layer protects client data and financial operations effectively. Their security framework shows their steadfast dedication to the highest fund protection standards.

Risk Management Protocols

FXTM’s risk management system includes several key features. Their automated system tracks all leveraged positions with up-to-the-minute data. Stop-out levels activate at 50% margin level to protect client accounts.

The broker’s negative balance protection policy stands out as a crucial safety feature. This policy ensures traders cannot lose more than their deposited amount. FXTM regularly reviews and adjusts their systems to keep accounts stable during high market volatility.

The broker’s trading platform uses advanced encryption protocols that secure all communications. This layered security approach has helped FXTM build trust in the forex trading community during their ten years in the market.

Comprehensive Trading Platform Analysis

Our detailed analysis of FXTM’s trading platforms shows a strong suite of tools that works well for traders at every level. We tested each platform to give you a full picture of what they can do and how well they perform.

MetaTrader 4 and 5 Features

FXTM gives you the complete MetaTrader suite, and both platforms pack sophisticated trading capabilities. MT4 comes with 30 technical indicators and 37 graphical objects. MT5 takes it further with 38 technical indicators and 44 graphical objects.

Our tests showed MT4’s strengths in:

• Advanced charting with 9 timeframes
• Support for automated trading through Expert Advisors
• One-click trading functionality
• Trading directly from charts

MT5 lifts the trading experience with extra features. You get 21 timeframes instead of MT4’s 9, which makes it perfect for detailed technical analysis.

FXTM Trader App Capabilities

The FXTM Trader app stands out with its modern interface and rich feature set. Here’s what we found:

Real-Time Trading Features:

• Direct market access for FX, oil, gold, and natural gas trading
• Commission-free trading with competitive spreads
• Cross-device trading capability
• Immediate price updates and monitoring

The app connects smoothly with the MyFXTM portal, so you can manage accounts and make trades quickly. The platform’s exceptional speed in order execution helps a lot when you need to react fast to market changes.

Platform Comparison and Performance

Our performance analysis showed these key differences between the platforms:

New traders will find MT4’s interface easier to use, while MT5 works better for experienced traders who need advanced features. The FXTM Trader app strikes a balance by offering a user-focused mobile experience without cutting back on essential trading features.

The platform‘s execution speed and reliability impressed us the most. The broker runs as a non-dealing desk, which means both Advantage and Advantage Plus accounts get Market Execution with no requotes.

Account Types and Trading Conditions

Our thorough testing of FXTM’s trading services shows a well-laid-out account system that suits traders of all styles and experience levels. Let’s look at what makes each account type special.

Standard vs ECN Account Comparison

FXTM has two main account types: Advantage and Advantage Plus. The flagship Advantage account gives raw spreads from 0.0 pips with commissions between $0.80 and $4.00 per round lot. The Advantage Plus account lets you trade without commission but comes with slightly wider spreads starting from 1.5 pips.

Our analysis revealed:

Advantage Account Features:

• ECN order processing to execute faster
• Raw spreads from 0.0 pips
• Commission-free equity trading
• Maximum leverage of 1:2000

Advantage Plus Features:

• Market maker order processing
• Commission-free trading structure
• Spreads from 1.5 pips
• Same leverage capabilities as Advantage account

Islamic Account Features

FXTM’s Islamic accounts come with swap-free options that follow Sharia law strictly. These accounts match standard accounts’ trading conditions and have these key features:

• Available for both Advantage and Advantage Plus accounts
• No overnight interest charges
• Transparent swap-free fee structure
• Special provisions for positions held beyond the swap-free day allowance

Account Minimum Requirements

FXTM keeps competitive minimum deposit requirements for all account types. Both Advantage and Advantage Plus accounts need a standard minimum deposit of $200. Some other points to note:

• Base currencies accepted: USD/EUR/GBP/NGN
• Region-specific requirements may apply
• Different payment methods affect minimum deposit thresholds

Margin requirements change based on:

• Account leverage settings
• Trading volume
• Specific instrument being traded

Both accounts have an 80% margin call level and a 50% stop-out level. This setup helps protect traders’ positions effectively. Dormant accounts get a monthly $5.00 fee after six months without activity.

Cost Structure and Fee Analysis

Our deep dive into FXTM’s cost structure shows a competitive fee setup that changes substantially based on your account type. Let’s get into the costs that affect your trading.

Spread Comparison by Account Type

FXTM’s spread structure differs between their main account types. The Advantage account has tight spreads starting at 0.0 pips on major forex pairs ². The Advantage Plus account keeps spreads from 1.5 pips.

These are the typical spreads we saw for major pairs:

Commission Structures

FXTM’s commission framework works great for high-volume traders. The Advantage account uses a volume-based commission structure:

• Base commission: USD 25.00 per million notional on FX, Metals and CFDs
• Commission range: USD 0.80 to USD 4.00 per standard lot
• Stock CFDs: Commission-free trading on US stocks

The flexible commission system really stands out. Your rates drop as you trade more volume. To name just one example, traders with balances over USD 50,000 can get much lower commission rates.

Hidden Fees and Charges

We found several non-trading fees you should know about:

Withdrawal Fees:

• Credit/debit cards: USD 3.00
• Bank transfers: USD 20-40
• Electronic wallets (Neteller/Skrill): Free

There’s a USD 5.00 monthly inactivity fee that kicks in after six months of no activity. FXTM keeps things transparent with no deposit fees, though you might see some third-party costs.

The currency conversion fee comes into play when you trade instruments in currencies different from your account’s base currency. Hong Kong-listed equities come with extra costs like stamp duty (0.1%) and other regulatory charges.

FXTM’s competitive overnight swap rates are a vital part of the cost structure, especially when you have positions open beyond the trading day. The swap rates triple on Wednesdays to cover weekend positions. This matters a lot if you’re planning to hold trades longer.

Trading Tools and Technology

We tested FXTM’s trading technology to assess their complete suite of analysis and automation tools. Our hands-on experience shows an impressive range of features that work well for traders of all skill levels.

Technical Analysis Tools

FXTM’s technical analysis suite comes with a wide range of tools. The platform has custom MT4 indicators like the Pivot Point Indicator, Pip Value Calculator, and Spread Indicator. Their Pro Trading Tools integration with Trading Central and FX Blue stands out by offering advanced market analysis.

These key features caught our attention:

• Market Buzz for immediate investment content and data visualization
• Currency strength indicators
• Bullish and bearish extreme identifiers
• Crowd sentiment analysis tools

Algorithmic Trading Capabilities

FXTM’s algorithmic trading features show strong support for automated strategies. You can use Expert Advisors (EAs) on both MT4 and MT5, plus get free VPS hosting for stable execution.

The algorithmic trading setup includes:

FXTM’s algorithmic trading helps remove emotional decisions while you streamline processes.

Trading Automation Features

FXTM’s dedication to trading automation shows in their FXTM Invest platform, which now has over 200,000 users ¹. Traders can:

• Link real money accounts to strategy managers
• Open positions automatically based on manager trades
• Retain control over investment decisions
• Monitor performance right away

The automation features work great with their Virtual Private Server (VPS) service. This ensures your automated trading strategies stay connected at high speeds. You can use various trading styles without limits, which works well for both new and experienced traders.

FXTM stands out with its FX Blue integration that gives you institutional-quality analytics. This partnership adds sophisticated analysis tools and risk management features. Their Pro Trading Tools solve common analysis issues by sending high-quality information straight to your trading terminal.

Note: Automated trading, like any trading method, comes with potential benefits and risks. You should test your strategies on a demo account before using real funds.

Educational Resources and Support

Our deep dive into FXTM’s educational ecosystem has revealed a complete suite of learning resources that makes them unique in the forex industry. The evaluation shows how FXTM puts trader education first across various platforms and formats.

Learning Materials Quality

FXTM’s educational content excels with its user-friendly approach and depth of coverage. Their learning materials help traders at all experience levels, from complete beginners to seasoned professionals. The structured approach to education stands out with easy-to-read manuals and complete guides that build trading knowledge step by step.

Quality education shines through their extensive ebook collection. Their popular “Traders’ Habits” ebook covers everything in trading, including:

• Trend identification strategies
• Risk management principles
• Advanced trading technique development

Webinar and Training Programs

FXTM’s webinar program proves to be solid and reliable. Expert-led sessions cover topics from simple concepts to complex trading strategies at no cost. The interactive approach lets participants involve themselves with industry experts and get live answers to their trading questions.

The training programs showcase impressive reach and results:

These numbers from their Nigerian operations alone show how well the program works.

Trading Tutorials and Guides

Market expert John Jergeson’s video tutorial series proves to be complete. The content includes:

• Market Fundamentals: In-depth coverage of forex basics
• Technical Analysis: Detailed indicator usage guides
• Trading Psychology: Essential mental preparation techniques
• Strategy Development: From simple to advanced approaches

FXTM’s educational resources stand out because they focus on ground application. The demo account integration with educational content lets traders practice strategies safely without risking real capital. Their steadfast dedication to learning shows in their updated Knowledge Hub that has:

• Daily market analysis
• Technical analysis tools
• Complete economic calendar features

The innovative FXTM AI Trader Coach app boosts their educational platform by offering tailored guidance and live insights. This app helps reinforce theoretical knowledge with practical skills effectively.

FXTM makes quality trading education available in multiple languages for traders worldwide. Their belief that a solid understanding of markets is vital for trading success drives their educational mission.

Research and Market Analysis

Our evaluation of FXTM’s research capabilities shows a sophisticated market analysis setup that enables traders to use up-to-the-minute data analysis and complete analytical tools.

Daily Market Updates

FXTM’s market analysis excels through their in-house team of experts who give regular market commentary. Their analysts provide detailed explanations about popular currency pairs like GBP, USD, and EUR. They also cover stocks and commodities extensively. The “Week Ahead” analysis series stands out by identifying potential trading opportunities in assets of all types. This includes central bank decisions and market-moving events.

Their market analysis quality shines through their coverage of major market events. Our testing showed how they explained critical market developments thoroughly. These ranged from cryptocurrency movements to OPEC+ decisions. Their market specialists go beyond just reporting news. They explain price movements and how these might affect the market, which helps traders make better decisions.

Technical Analysis Tools

FXTM’s technical analysis setup blends traditional tools with new features. Their platform has:

Trading Central integration adds value by delivering professional-grade analysis straight to the trading terminal. The platform does well in offering both fundamental and technical analysis tools that suit different analytical styles.

Economic Calendar Features

FXTM’s economic calendar proved to be one of their strongest research tools during testing. These features stood out:

• Up-to-the-minute updates with automatic data refresh
• Chronological event listing with precise timing
• Customizable filters for country-specific events
• Historical data access for comparative analysis

FXTM’s economic calendar’s strength lies in its data presentation. Each event entry shows detailed information about potential market effects, which fundamental analysts find valuable. The calendar updates automatically when new data arrives, so traders always have the latest information.

The calendar works smoothly with their other market analysis tools. The flag icon feature helps traders quickly spot currency-specific events that could affect their trading positions. Traders can filter events by day, week, or month to plan their strategies better.

FX Blue integration boosts their research setup by providing institutional-grade analytics. Daily market analysis, technical tools, and economic data work together to create a complete research ecosystem. This supports both short-term traders and long-term investors effectively.

Our extensive testing confirms that FXTM consistently produces market analysis articles about various markets. Their week-ahead themed articles help traders prepare strategies around key economic releases.

Customer Service Evaluation

We tested FXTM’s customer service extensively over several weeks to learn about their support infrastructure and how quickly they respond. Our team ran multiple tests with support channels of all types to give you a complete picture of their customer service quality.

Support Channel Assessment

FXTM’s diverse support channels work really well together. You can get help through:

• Live Chat: Direct access through website and trading platforms
• Phone Support: International numbers with dedicated lines
• Email Support: via Help Center
• Social Media: Active presence on Facebook, Twitter, and LinkedIn

The broker stands out by offering modern messaging options like Telegram, WhatsApp, and Messenger. Their Help Center is excellent and covers everything from account opening to platform operations.

Response Time Analysis

Our testing showed impressive response times across channels:

Support hours follow this schedule:

• Weekdays: 24-hour coverage
• Saturday: 11:00-16:00 (GMT+2/GMT+3)
• Sunday: 12:00-20:00 (GMT+2/GMT+3)

Live chat proved highly efficient with human operators responding within a minute. The support team showed patience and technical expertise when handling complex trading platform questions.

Multi-language Support

FXTM’s steadfast dedication to global accessibility really shines through. Their support team speaks over 23 languages, including:

• English
• Arabic
• Chinese
• Spanish
• French
• Polish
• Italian

This language support goes beyond simple translations. Support staff showed cultural awareness and technical knowledge in all languages, especially when explaining complex trading concepts.

Our evaluation revealed these outstanding features:

1. Document Processing Efficiency:

• Standard verification takes just 10 minutes
• Processing extends to 24 hours during peak times

2. Payment Support:

• Dedicated help for deposit questions
• Specialized withdrawal support team
• Clear updates about processing times

3. Technical Support Quality: The technical support team excelled at handling platform-related issues quickly and effectively. They know their stuff when it comes to:

• MetaTrader platform configurations
• Trading tool functionality
• Account settings and customization

FXTM’s customer service stands out because they solve problems proactively. When we hit a platform snag during testing, the team fixed it and taught us how to prevent similar issues.

The quality shows in how they handle tough questions. The support team consistently:

• Gives clear step-by-step guidance
• Shares helpful educational resources
• Checks back to ensure everything’s resolved

We were impressed by how seamlessly their support integrates with other services. The team managed to keep high standards of professionalism and technical expertise whether helping with trading platforms, account issues, or general questions.

Conclusion

FXTM proves to be a well-rounded forex broker that pairs strong security measures with advanced trading features. The broker’s multi-jurisdictional regulation and strict fund protection protocols show their steadfast dedication to keeping traders safe.

Their platform choices, competitive pricing, and sophisticated trading tools make them stand out. They offer great educational resources and research capabilities that help traders make better decisions, whatever their experience level.

The broker’s customer support team speaks 23+ languages and responds quickly, which adds real value to their services. While spreads differ between account types, costs stay competitive, especially when you have higher trading volumes.

Our tests show that FXTM works well for both beginners and seasoned traders who need a reliable, feature-rich trading platform. They combine cutting-edge technology, detailed educational resources, and strong regulatory compliance to earn their spot as a top choice in the forex trading world.