Explore FXTM’s 2025 review: licenses, account types, spreads, commissions, deposits, and withdrawal details. Discover if this globally regulated broker is right for both beginners and professional traders.
Founded in 2011, FXTM (ForexTime) has established itself as one of the most reputable forex and CFD brokers in the world. Headquartered in Mauritius, FXTM serves traders across the globe with a focus on transparency, competitive pricing, and accessibility.
This review provides a comprehensive look at FXTM’s regulation, account types, fees, and trading conditions to help you determine if it’s the right broker for your trading journey.
FXTM operates under the strict supervision of several top-tier regulators, including:
FCA (UK) – License No. 777911
CySEC (Cyprus) – License No. 185/12
FSCA (South Africa) – FSP No. 50320
Client funds are held in segregated accounts, ensuring they are protected from company liabilities. FXTM also provides negative balance protection and offers insurance coverage of up to $1 million in certain jurisdictions.
However, it’s worth noting that since 2021, FXTM has stopped accepting retail clients from the European Economic Area (EEA) due to updated CySEC regulations.
FXTM’s minimum deposit starts at just $10 for the Micro account, making it an excellent entry point for new traders.
The broker supports multiple payment options, including bank transfer, credit/debit cards, e-wallets (Skrill, Neteller), and even cryptocurrencies such as Bitcoin and Ethereum.
Deposits are processed within 2 hours, while withdrawals typically take up to 24 hours. Although deposits are free, some users have reported high withdrawal fees or lengthy KYC verification processes, depending on the method used.
FXTM offers three main account types tailored for different levels of traders:
Micro Account: Ideal for beginners, offering spreads from 1.5 pips, no commissions, and flexible leverage.
Advantage Account: Designed for professionals, featuring raw spreads from 0 pips with commissions starting at $25 per $1 million traded.
Advantage Plus Account: A spread-only model with no separate commission charges — best suited for those preferring simplicity.
Additionally, Swap-Free (Islamic) accounts are available for traders adhering to Sharia law.
FXTM’s trading costs vary based on account type and market conditions.
The Micro Account has spreads starting around 1.5 pips, while Advantage Accounts can achieve near-zero spreads during high liquidity periods.
A standard commission of $25 per $1 million traded applies to FX and metals on Advantage accounts.
Inactivity fees may apply after six months of no trading activity.
Compared to competitors like OANDA or IG, FXTM’s costs are moderate, though its Micro Account spreads are slightly higher. Some users also note that withdrawal fees can be relatively steep.
FXTM supports quick processing times:
Deposits: Within 2 hours
Withdrawals: Within 24 hours
While the speed is impressive, some users on review platforms have highlighted delays or additional verification steps during withdrawal, especially for large amounts.
To avoid disruptions, it’s advisable to complete KYC verification in advance.
FXTM offers industry-standard platforms — MetaTrader 4 (MT4) and MetaTrader 5 (MT5) — compatible with desktop, web, and mobile.
In addition, the FXTM Trader App provides seamless mobile trading with real-time analytics, live charts, and one-tap trade execution.
FXTM also integrates with Trading Central, provides economic calendars, and delivers daily market analysis, making it suitable for both novice and advanced traders.
On Trustpilot, FXTM currently holds an average rating of 3.4/5 based on 30+ reviews.
Users praise its fast deposits, rich educational materials, and responsive platforms, but some have expressed concerns over withdrawal fees and slow customer support.
As with any broker, it’s recommended to review independent feedback before committing significant capital.
Strengths:
- Regulated by top authorities (FCA, CySEC, FSCA)
- Low minimum deposit ($10)
- Supports MT4, MT5, and FXTM Trader app
- Comprehensive educational resources and webinars
- Copy trading service via FXTM Invest
Weaknesses:
- Withdrawal fees may be high
- Mixed customer service feedback
- Spread on Micro Account could be more competitive
- KYC and withdrawal process can be time-consuming
FXTM stands out as a reliable and well-regulated broker, offering flexibility and transparency.
For new traders, the Micro account and educational resources make it an excellent starting point.
For professional traders, the Advantage account delivers tight spreads and fast execution.
However, potential users should consider the withdrawal fees and complete verification early to avoid delays. Testing the demo account is highly recommended before live trading.
1. What is the minimum deposit to start trading?
Just $10 for a Micro account.
2. Does FXTM charge high trading fees?
Fees depend on account type. Advantage accounts offer ultra-low spreads with small commissions, while Micro accounts have slightly higher spreads.
3. How long do withdrawals take?
Typically within 24 hours, depending on the payment method and verification status.
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