FXTM Review

October 2023

77% of retail investor accounts lose money when trading CFDs with this provider.

Founded in 2011, FXTM has become a global leader in online trading, with 2+ Million registered users worldwide. FXTM clients can trade over 250 Forex pairs, CFDs, Stocks and commodities using its range of powerful platforms and trading tools.


  • Regulated by CySEC and the FCA
  • Market-leading Education
  • Quality Market Research
  • Excellent Customer Support


  • Trading Instruments are limited
  • Inactivity Fees

Is Trading with FXTM safe?

FXTM (full name ForexTime Limited), is regulated by the following financial regulating bodies:

  1. Financial Conduct Authority (FCA) – the regulatory body for the UK
  2. Cyprus Securities and Exchange Commission (CySEC) - the regulatory body for Cyprus
  3. Financial Sector Conduct Authority (FSCA) - the regulatory body for South Africa

CySEC and the FCA are top-tier regulators. In order to be licensed by these financial authorities a broker must demonstrate the highest levels of financial accountability, trust and transparency.

Spreads & Fees

Like all brokers, FXTM makes its money through the “Spread”, which is the difference between the bid price and the ask price for a currency pair and is measured in pips.

The table below shows the minimum spreads for each of the major forex pairs as listed on the FXTM website and compares them against the industry average.

FXTM Spreads

Note: Spreads are variable and can change depending on the time of day and market conditions. For information purposes only

FXTM’s spreads are not the most competitive and in fact they are wider than the industry average for all of the currency pairs in our comparison. For example, if you were looking to trade the EUR/USD you would be paying a spread of 1.5 points, which is notably higher than the industry average of 0.9 points. So, if low spreads are a very important deciding factor in choosing your broker, then you may want to look at alternatives to FXTM. Note, lower spreads are available if you choose to open one of FXTM’s “Advantage” accounts, a popular choice amongst more experienced traders.


FXTM offers trading via Metatrader 4 (MT4), the platform which is the “go-to” choice for millions of traders worldwide. MT4 can be downloaded to any PC, Mac or mobile device, or can be accessed via MT4 webtrader.

With its simple layout, intuitive interface and features such as 30 technical indicators, trading signals, expert advisors and copy-trading, this is an ideal platform for traders of any experience level.


Mobile Trading

As well as offering the MT4 app which is available for download in both iOS and Android, FXTM also offer their own proprietary mobile app, the “FXTM Trader” which allows you to “Trade the markets in the palm of your hand”.

Benefits of the FXTM trader app include:

  • Trade across multiple devices – open a position on your desktop and close it from your mobile
  • State of the art charting tools
  • One-click trading
  • Track your positions at a glance

The FXTM trader app is available in both the App Store and Google Play.

Mobile Trading


This is where FXTM really excel. The education resources on offer here are amongst the best in the industry and come in a variety of different mediums including downloadable ebooks, bite-size web articles, long-form white papers, videos, webinars and seminars. So, whatever your favoured way of learning, FXTM will have something for you. Trading topics covered include:

  • Understanding FX Trading
  • Forex Trading Strategies
  • Trading in volatile markets
  • Bullish candlestick patterns
  • Bearish candlestick patterns
  • A Guide to stock indexes
  • Guide to Copy Trading
  • Guide to CFD Trading
  • VPS for Trading

The quality of information available is superb and can be of real benefit to both beginner and intermediate traders.

New traders can also open a Demo Account and put into practice what they have learnt from the education courses. This approach is highly recommended and is the best way to give yourself a solid understanding of the trading techniques taught, whilst getting a feel for the FXTM platforms.


FXTM have a section on their website dedicated to Market Analysis. Resources here include an Economic Calendar, Forex News Timeline, Daily and Weekly Market Analysis Videos and the latest episodes from their podcast “Markets Extra”.

Trader Support

Customer Service is another of FXTM’s strengths, with representatives 24/7 support available in the following languages: English, Arabic, Czech, Chinese, Dutch, Farsi, French, German, Greek, Hindi, Italian, Korean, Malaysian, Polish, Russian, Serbian, Slovak, Spanish, Urdu.

You can speak to support via:

  • Live Chat
  • Telephone
  • Email


If you are looking for super-tight spreads and thousands of markets to trade, then you may want to search our other forex brokers, however, if what you seek is an established trustworthy broker, offering both retail and professional trading accounts, with exceptional education resources and first-class customer support, then look no further than FXTM.

77% of retail investor accounts lose money when trading CFDs with this provider.