FXTM (ForexTime) Review Reddit

Is FXTM a good broker? FXTM review reddit- ForexTime

General information FXTM broker

FXTM was founded in 2011. FXTM is also ForexTime, which is also the founding company of Alpari. Alpari is also a very well known broker.
Currently, FXTM has customers in more than 150 countries around the world. Recently, FXTM has expanded offices in London and UK.

FXTM logo logo FXTM 200x133
Minimum deposit 10$
Deposit fees Almost free FasaPay, African Local Solutions, TC Payment, Latin American Local Transfers, Moroccan Local Transfer, Online Banking Malaysia, Online Banking Indonesia, GlobePay, Ngan luong, Online Banking Thailand, China Online Banking, Visa card, Skrill, Neteller, QIWI, Perfectmoney, Bank wire else.
Withdrawal fees Depending on the method of payment will be free or have fees ranging from 0.5% -2%
Bonus Promotion Existing Program
Online Trading Platform

MT4 – Metatrade 4
MT5 – Metatrade 5
FXTM Trader

Copy Trade Yes, that is FXTM Invest
Types of Accounts
  • Dealing Desk: Standard Account, Cent Account Stock CFDs.
  • No Dealing Desk: Account Stocks, Account ECN Account, ECN Zero Account, FXTM Pro Account.
Maximum Leverage up to 1:2000. Although leverage depends on the region’s markets FXTM
Free VPS No
Live Chat Yes
Sign up www.forextime.com

License and Regulations

Since the establishment of ForexTime until now. ForexTime has been granted 4 licenses including FCA, CySEC, FSCA, FSC and these licenses correspond to different jurisdictions.

FSCA of FXTM South Africa

CySEC license of Forextime or FXTM

ForexTime Limited is regulated by the Securities and Exchange Commission of Cyprus with CIF license number 185/12. Additionally, licensed by the Financial Sector Regulatory Authority (FSCA) of South Africa, with FSP number 46614. With regulated domain www.forextime.com/eu/. In addition, ForexTime Limited is also registered with the UK Financial Authority with number 600475 and this is also a huge advantage.

FXTM FCA Regulated

FCA license of Forextime or FXTM

ForexTime UK Limited is authorized and regulated by the FCA Financial Authority under license number 777911.

FXTM Mauritius

Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Agent License bearing license number C113012295.

certified Financial Commission by Exinity Limited FXTM
Exinity Limited is a member of the Financial Commission compensation fund up to € 20,000. It is an international intermediary organization to resolve disputes between customers and exchanges.

FXTM account types & FXTM products

FXTM has a variety of account types to suit a wide range of client levels. Also, the number of traded products differs per FXTM account type. Keep reading below, I will cover each of these accounts in detail.

Standard Account (Standard) has 3 types of account, including: Standard Account, Cent Account, Stock CFDs Account.

ECN account has 4 types of accounts, including: Stocks Account, ECN Account, ECN Zero Account, FXTM Pro Account.

Account Types on Forextime or FXTM

FXTM Cent Account

  • Maximum leverage: up to 1: 1000 for Forex and 1: 500 for Precious Metals.
  • Minimum capital: 10 USD
  • Commission fee: No.
  • Spreads: from 1.5 pips
  • Stop out: 40%
  • Trading on the platform: MT4
  • Support copy trading FXTM Invest: No.
  • Trading products: 25 major and cross, Gold and Silver only.

Other forex brokers also support Cent accounts that you can learn about here: Exness, FBS and XM.

FXTM Standard Account

  • Maximum leverage: up to 1: 2000.
  • Minimum capital: 100 USD
  • Commission fee: No.
  • Spreads: from 1.3 pips
  • Stop out: 20%
  • Trading on the platform: MT4 / MT5
  • Support copy trading FXTM Invest: No.
  • Trading products: 59 major, minor and cross pairs, precious metals, 14 CFDs and 4 Crypto pairs.

FXTM Standard Stock CFDs Account

  • Maximum leverage: up to 1:10 on US stocks and 1: 3 on European stocks.
  • Minimum capital: 100 USD
  • Commission fee: No.
  • Spreads: from 0.1 pips
  • Stop out: 20%
  • Trading on the platform: MT4
  • Support copy trading FXTM Invest: No.
  • Trading products: over 120 US stocks and over 40 European stocks.

FXTM ECN Account

  • Maximum leverage: up to 1: 2000.
  • Minimum capital: 500 USD
  • Commission fee: 2.5 – 6 USD / 1 lot
  • Spreads: from 0.1 pips
  • Stop out: 50%
  • Trading on the platforms: MT4 and MT5.
  • FXTM Invest transaction copy support: Yes.
  • Trading products: 48 major currency pairs, sub and cross pairs, 3 precious metals, 14 CFDs.

FXTM ECN Zero Account

  • Maximum leverage: up to 1: 2000.
  • Minimum capital: 200 USD
  • Commission fee: No.
  • Spreads: from 1.5 pips
  • Stop out: 50%
  • Trading on the platforms: MT4 and MT5.
  • FXTM Invest transaction copy support: Yes
  • Trading products:
    on the MT4 platform there are 48 major, minor and cross currency pairs, 3 precious metals, 14 CFDs.
    on the MT5 platform there are 33 major, minor and cross currency pairs, Gold and Silver.

FXTM ECN Pro Account

  • Maximum leverage: up to 1: 200.
  • Minimum capital: 25000 USD
  • Commission fee: No.
  • Spreads: from 0 pips
  • Stop out: 50%
  • Trading on the platforms: MT4 and MT5.
  • Support copy trading FXTM Invest: No.
  • Trading products: 43 major currency pairs, sub and cross pairs, Gold and Silver, 10 Stock CFDs.

FXTM ECN Stock Account:

  • Maximum leverage of 1: 1.
  • Minimum capital: 100 USD
  • Commission fee: No.
  • Stop out: 0%
  • Trading on the platform: only MT5
  • Trading products: US stocks only

Many US stocks do not have leverage, so investors are free to choose stocks they like. On this Stock ECN account there is also an advantage when trading US stocks with no commission fees. I also advise investors who want to trade US Shares to choose this Stock ECN account with the smallest capital requirement starting from 100 USD.

What type of account should be selected at FXTM

FXTM is one of the brokers with very low commission fees on the ECN accounts.

Note that all FXTM Standard account types are subject to Dealing Desk / Market Marker execution. All ECN account types are No dealing desk matching. Therefore, if new traders experiment with very small volume of 0.01 Cent lot, they can choose a Cent Account type. However, if a more experienced or more conditional investor wants to trade pairs such as Forex, Gold and Silver, or indices CFDs then you should choose an ECN account. As for US stocks, you should choose ECN Stock Account.

FXTM Invest for all traders

At FXTM, “copy trade service” is another name is “FXTM Invest“. Like other brokers, FXTM Invest service meets the need for mutual benefit between signal provider and signal receiver. Strategic Provider with up to 40% share return from copy investors.

FXTM Invest for all trader

When using FXTM Invest, investors are allowed to control their own capital. You also pay only a portion of the cost to the Strategy Provider when they execute profitable orders.

FXTM Deposit and Withdrawal Methods

The popular payment gateways are not lacking on FXTM: Local Bank, Visa / Master card, Skrill, Neteller, VLOAD, Webmoney, 4 types of e-wallets (BTC, ETH, DASH, LTC), Yandex money and Perfect Money and Fasapay.

  • Deposit funds are virtually free and instantaneous on all the methods offered by FXTM.
  • Withdrawals are only free on, Skrill, Neteller, VLOAD and the rest of the channels charge 0.5-2% of the withdrawal amount. Processing time for withdrawals is up to 1 working day, except for VISA.

What is the required FXTM minimum deposit?

The minimum capital at FXTM is 10 USD or the equivalent on Cent account. This is also the account with the lowest requirements.

Does FXTM offer copy trading?

Yes. FXTM has copy trading called FXTM Invest, with a minimum capital of 100 USD. Thus, the investor can use this service.

Is FXTM scam investors money?

No. FXTM is an exchange that started in 2011 and is in existence today. FXTM has licenses that operate in multiple countries. Therefore, FXTM is unlikely to survive if we are a scam. And contribute more peace of mind when registering your account

Do you have a Forex pip size calculator?

Our pip value calculator will tell you the value of a pip in the currency you want to trade in. Use the free Pip Calculator here

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