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FXTM Review
Overall rating
4.4/5
Minimum deposit
$10
EUR/USD spread
0.0 pips (ECN Zero, + commission) / 1.5 pips (Standard)
Use this review to validate safety, fees, platform fit, and where this broker falls short.
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
Updated
Jul 18, 2026
$500 Welcome Bonus Reward Points
Use code HELLOFXTM on first deposits to unlock up to $500 in reward points after trading targets.
Is FXTM a good broker?
Sources & References
- BrokerAnalysis ranking methodology— BrokerAnalysis
- BrokerAnalysis data sources— BrokerAnalysis
- BrokerAnalysis editorial policy— BrokerAnalysis
Should you choose FXTM?
Use this short answer before you dive into the full review.
Best for
FXTM Invest copy trading
Not ideal for
Appears on the RBI Alert List for Indian residents — disclosed note, confirm current status before funding from India
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Trust Score: 88/100
Based on regulatory status, company history, and financial transparency
FXTM Score Breakdown
- FCA & CySEC Regulated (Tier 1)
- Strong Nigeria/Africa Presence
- FXTM Invest Copy Trading
- $10 Minimum Deposit
Founded
2011
Headquarters
Limassol, Cyprus
Why choose FXTM
FXTM (ForexTime) is a Cyprus-headquartered ECN/STP broker best known for its strong footprint across Africa and Asia, where it has built local payment rails, dedicated regional support, and multiple industry awards. Its FCA and CySEC entities give it credible Tier-1 European regulation, though clients outside the EU/UK are typically onboarded through offshore entities under different leverage and protection terms. FXTM appears on the Reserve Bank of India's Alert List of platforms offering forex trading to Indian residents without RBI authorisation — a disclosed regulatory note for Indian readers, not a claim that the broker is unsafe elsewhere, and consistent with how this site treats every RBI-listed broker.
Pros
- FCA and CySEC regulated (both Tier 1)
- Low $10 minimum deposit
- FXTM Invest copy trading
- Excellent local support and payment rails in Nigeria and wider Africa
- Multiple account types across MT4/MT5
Cons
- Appears on the RBI Alert List for Indian residents — disclosed note, confirm current status before funding from India
- High swap rates on some pairs
- ECN account requires a higher minimum deposit than the Standard account
- No cTrader or TradingView
FXTM
Fast decision summary
Min Deposit: | $10 |
Regulated: | Yes |
Inactivity Fee:
USD 5/month after 6 months of inactivity; avoided by placing at least one trade every 6 months.
See how the best brokers compare to FXTM
FXTM's Standard account is spread-only with no commission, while the ECN Zero account charges a small per-lot commission against tighter raw spreads. Costs are competitive for the African/Asian retail segment FXTM primarily serves, but swap rates on some pairs run higher than ECN specialists — active swing/position traders should check the live swap schedule before committing to a pair.
| Instrument | Standard | Raw/Pro |
|---|---|---|
| EUR/USD | 1.5 pips | 0.0 pips + commission |
| GBP/USD | 1.8 pips | 0.2 pips + commission |
| Gold (XAU/USD) | 0.35 | 0.20 + commission |
Deposit
Free
Withdrawal
Free (bank/processor fees may apply)
Non-trading fees
Deposit fee
None
Withdrawal fee
None from FXTM's side (intermediary/bank fees may apply)
Inactivity fee
USD 5/month after 6 months of inactivity; avoided by placing at least one trade every 6 months.
Fees and conditions last verified: July 2026.
Fees may vary depending on account type and jurisdiction. We aim to keep this data updated regularly.
FXTM's UK (FCA) and Cyprus (CySEC) entities are both Tier-1 regulated, giving EU/UK clients strong statutory protection including FSCS/ICF compensation coverage. Clients in Africa, Asia, and other regions are typically onboarded through FXTM's offshore entities (FSCA-regulated in South Africa, or an FSC Mauritius entity), which carry different — generally lighter — protections than the FCA/CySEC entities. Separately, FXTM appears on the Reserve Bank of India's Alert List of platforms offering forex trading to Indian residents without RBI authorisation; we disclose this here, as we do for every RBI-listed broker on this site, rather than treating it as a silent omission.
Regulatory Status
| Regulator | Country | Tier |
|---|---|---|
| FCA | United Kingdom | 1 |
| CySEC | Cyprus | 1 |
| FSCA | South Africa | 2 |
| FSC | Mauritius | 3 |
Safety Features
| Segregated Accounts | Yes |
| Negative Balance Protection | Yes |
| Investor Protection | £85,000 FSCS coverage (FCA entity) / €20,000 ICF coverage (CySEC entity); offshore-entity clients should confirm their specific protections before depositing. |
| Compensation Scheme | FSCS (UK, up to £85,000) / ICF (Cyprus, up to €20,000) for the regulated EU/UK entities |
Compare FXTM with top alternatives
Use the side-by-side comparison tool once you have checked fees and safety.
FXTM supports a wide range of funding methods including bank transfer, cards, e-wallets (Skrill, Neteller), and numerous local/regional rails — a particular strength in Nigeria and wider Africa, where FXTM supports Naira-denominated accounts directly. Processing is typically fast for card and e-wallet methods.
Deposit Options
| Method | Processing Time | Fee | Min. Deposit |
|---|---|---|---|
| Credit/Debit Card | Instant | Free | $10 |
| Bank Transfer | 1-3 Days | Free | $10 |
| Skrill/Neteller | Instant | Free | $10 |
| Local/Regional Rails (e.g. NGN) | Instant to 1 Day | Free | $10 |
Withdrawal Options
| Method | Processing Time | Fee | Min. Withdrawal |
|---|---|---|---|
| Same as deposit method | Up to 24 hours | Free (bank/processor fees may apply) | $1 |
Base Currencies
USD, EUR, GBP, NGN
Account opening is digital with Standard and ECN Zero account types on both MT4 and MT5. Islamic swap-free accounts are available, and FXTM Invest offers a structured copy-trading account type for followers and strategy providers alike.
Account Types
| Account Type | Min. Deposit | Key Features |
|---|---|---|
| Standard | $10 |
|
| ECN Zero | $200 |
|
| FXTM Invest | Varies |
|
Verification Steps
- Time to open: Same day (subject to verification)
- Demo Account: Yes
- Islamic Account: Yes
FXTM offers its own FXTM Trader app alongside standard MetaTrader 4/5 mobile apps, giving account management and copy-trading features beyond what MetaTrader alone provides.
App Features
- Full MT4/MT5 order types
- FXTM Trader account management
- FXTM Invest copy-trading on mobile
- Price alerts
MetaTrader 4 and MetaTrader 5 are the core trading platforms — no cTrader or TradingView integration. This keeps FXTM squarely in the mainstream MetaTrader ecosystem most of its African and Asian client base already uses.
Supported Platforms
- MetaTrader 4: The most widely supported EA/indicator ecosystem in the industry.
- MetaTrader 5: Newer MetaTrader generation with more timeframes and a built-in economic calendar.
Compare platform providers:
FXTM's product range centers on forex with a solid 60+ pair offering, supplemented by indices, commodities, stocks, and crypto CFDs.
Available Instruments
| Forex Pairs | 60 |
| Indices | 15 |
| Stocks | 40 |
| Commodities | 8 |
| Cryptos | 8 |
Leverage Limits
| Instrument | Max Leverage |
|---|---|
| Forex | Up to 1:2000 (offshore entities) / 1:30 (FCA/CySEC retail) |
| Indices | Varies by entity |
| Crypto | Lower leverage, confirm current limits |
Got Questions?
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Frequently Asked Questions
Review Team
Why Traders Shortlist FXTM
Key points from our latest editorial review and testing process.
- FCA & CySEC Regulated (Tier 1)
- Strong Nigeria/Africa Presence
- FXTM Invest Copy Trading
- $10 Minimum Deposit
Compare FXTM before you commit
If this broker looks close but not perfect, compare it against the strongest alternatives first.
Compare AlternativesWhy this review is trustworthy
- Freshness dates and fact-checking are shown on the page.
- Broker scoring follows our public methodology and disclosure standards.
- Country-specific differences still matter, so compare the exact entity before you deposit.
Related Comparisons
Our Verdict
FXTM is recommended for FXTM Invest copy trading
Use this final check alongside the fee, safety, platform, and funding sections above. If FXTM still fits your country, account size, and risk tolerance, open the account through the tracked broker route below.
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Risk Warning: Forex/CFD trading involves significant risk. 68-80% of retail accounts lose money.|Affiliate Disclosure: We may earn commissions from listed partners.|Not Advice: For educational purposes only.
Broker terms can differ by region and entity, but this review shows the most recent figures captured in our research workflow.Methodology |Editorial Policy |Data Sources |Full Disclaimer