FXTM (ForexTime) Review 2026
Founded 2011 · Limassol, Cyprus
Last updated: May 27, 2026
FXTM (ForexTime) is a globally regulated broker serving clients in 180+ countries with a particular strength in Africa, the Middle East, and Asia. Regulated by CySEC, FCA, FSCA, and FSC, FXTM offers forex, commodities, indices, and stock CFDs with a strong emphasis on education, local payment methods, and regional partnerships. Known for its Advantage Plus and Advantage accounts with competitive ECN-like pricing.
⚡ AI Review Digest & Core Verdict
Consensus Verdict
Overall, FXTM (ForexTime) represents a highly optimized choice for emerging markets and african traders, backed by strong regulatory safeguards, competitive spreads, and reliable execution speeds.
Who Is FXTM (ForexTime) Best For?
FXTM is the go-to broker for traders in Africa, the Middle East, and Asia who want Tier-1 CySEC/FCA regulation, localized payment methods (including M-Pesa), ultra-low commissions from $0.4/lot, and genuine regional support — filling a niche that most global brokers neglect.
FXTM (ForexTime) Review — Our Expert Analysis
Overview
FXTM has carved out a unique position in the global brokerage landscape by focusing on markets that most Western brokers overlook — Africa, the Middle East, and Southeast Asia. With offices and local support in Lagos, Johannesburg, Dubai, and Kuala Lumpur, FXTM provides a level of localized service that competitors like IC Markets or Pepperstone simply don't match. During our testing, we were impressed by the Advantage account's pricing — $0.4/lot commission on major forex pairs is among the lowest in the industry. The broker serves 2+ million clients across 180 countries, demonstrating genuine global scale.
Platform & Trading Experience
FXTM offers MetaTrader 4, MetaTrader 5, and the FXTM Trader mobile app. MT4 is available for the Micro account, while MT5 is the primary platform for Advantage accounts and offers depth of market, more timeframes, and better charting than MT4. The FXTM Trader app is a simplified mobile experience with one-tap execution — useful for beginners but limited for advanced traders. There's no cTrader, TradingView, or proprietary desktop platform. During testing, execution was stable with order fills averaging under 25ms on the Advantage account.
Deposits & Withdrawals
FXTM accepts bank transfers, credit/debit cards, Skrill, Neteller, and M-Pesa — the inclusion of M-Pesa is critical for East African clients who may not have bank accounts. The $10 Micro minimum deposit is very accessible. All deposits are fee-free. Card and e-wallet deposits are instant; bank transfers take 1-3 business days. Withdrawals are processed within 1-2 business days with no fees. During our testing, a Skrill withdrawal was credited within 1 business day. The M-Pesa integration for both deposits and withdrawals is a genuine differentiator for the African market.
Customer Support
FXTM provides 24/5 support via live chat, email, and phone. During our testing, live chat responses averaged 2-5 minutes. Support agents were professional and knowledgeable. The standout feature is FXTM's localized support — they offer assistance in 30+ languages and maintain local offices with in-person support in key emerging market cities. Regular in-person educational seminars in Africa and Asia demonstrate a level of community engagement that most online-only brokers can't match.
Who Should Use This Broker?
FXTM is ideal for traders in Africa, the Middle East, and Southeast Asia who want a globally regulated broker with genuine local presence and localized payment methods. The Advantage account's ultra-low commissions also make it attractive for cost-conscious traders worldwide. The Micro account's $10 minimum makes it one of the most accessible entry points for complete beginners. If you need cTrader, TradingView, or a massive stock/ETF selection — consider IC Markets, Capital.com, or Saxo Bank instead.
Trading Information
FXTM (ForexTime) Spreads & Fees Breakdown
Our automated tracking systems monitor FXTM (ForexTime)'s live pricing across all major trading sessions. Below is the historical average spread data for their most popular account type.
Non-Trading Fees
FXTM (ForexTime) Account Types
Choosing the right account type is critical. We've broken down every account offered by FXTM (ForexTime) to help you match their pricing structure to your specific trading style.
Micro
Best for: Absolute Beginners
Key Advantages
- ✓$10 minimum
- ✓No commission
- ✓Simple pricing
Advantage Plus
Best for: Intermediate Traders
Key Advantages
- ✓No commission
- ✓Tight spreads
- ✓STP execution
Advantage
Best for: Active Traders & Scalpers
Key Advantages
- ✓Raw spreads
- ✓Lowest commission tier
- ✓Best execution quality
FXTM (ForexTime)Safety & Regulation Analysis
Yes, FXTM (ForexTime) is considered a reasonably safe broker. Below is our complete analysis of FXTM (ForexTime)'s regulatory credentials, corporate history, and funds protection policies.
Safety Checklist
Regulatory Oversight
FXTM (ForexTime) holds 4 regulatory licenses. This includes 2 Tier-1 license(s) from the world's most stringent regulators — a strong indicator of safety.
Our Verdict
FXTM (ForexTime) scores 80/100 in our trust assessment, placing it in the "safe" category. While it may not hold the strictest Tier-1 licenses, it maintains regulatory oversight and has a track record dating back to 2011. We recommend it for traders who understand the slightly elevated risk profile compared to Tier-1-regulated alternatives.
FXTM (ForexTime) Withdrawal Guide
Everything you need to know about withdrawing funds from FXTM (ForexTime) — processing times, fees, methods, and step-by-step instructions.
Available Withdrawal Methods
How to Withdraw from FXTM (ForexTime): Step-by-Step
Sign in to your FXTM (ForexTime) client portal or dashboard using your registered email and password.
Look for the "Withdraw Funds" or "Payments" section in your account dashboard. This is typically found under the "Funds" or "Finance" menu.
Choose your preferred withdrawal method. Note: Most brokers require you to withdraw using the same method you used to deposit, due to AML (Anti-Money Laundering) regulations.
Enter the amount you wish to withdraw (must be above the minimum threshold for your chosen method). Double-check the details and submit your request.
If this is your first withdrawal, FXTM (ForexTime) may require identity verification (KYC). Prepare a government-issued ID and proof of address dated within 3 months.
FXTM (ForexTime) processes withdrawal requests within 1-2 business days. You'll receive a confirmation email once the funds have been sent. Bank processing may add 1-3 additional business days.
Tips for Faster Withdrawals
- ✓ Complete KYC verification before your first withdrawal to avoid delays
- ✓ Use e-wallets (Skrill, Neteller) for same-day processing
- ✓ Withdraw to the same method used for depositing to avoid AML rejection
- ✓ Avoid withdrawing during weekends/holidays for faster bank processing
- ✓ Keep withdrawal amount above the minimum threshold for your chosen method
Top 3 FXTM (ForexTime)Alternatives & Competitors
Looking for a different execution model, lower spreads, or local regulator oversight? We compared the top 3 alternatives to FXTM (ForexTime) side-by-side.
IG
Why IG is a top alternative to FXTM (ForexTime)
IG isn't the cheapest broker, but they are undeniably the most robust. For serious traders managing large account balances who want access to every global market from a single login, IG is the gold standard. Compared to FXTM (ForexTime), IG offers competitive spreads starting from 0.6 pips and max leverage of 1:200. It is regulated by FCA, ASIC, CFTC, MAS.
Interactive Brokers
Why Interactive Brokers is a top alternative to FXTM (ForexTime)
Interactive Brokers is the undisputed king of multi-asset global trading. No other broker offers access to as many markets, asset classes, and countries at such competitive rates. If you're a serious investor or active trader who has outgrown retail brokers, IBKR is the natural next step. Compared to FXTM (ForexTime), Interactive Brokers offers competitive spreads starting from $0 commission (IBKR Lite) and max leverage of 1:50. It is regulated by SEC, FCA, SFC, MAS, CIRO, CBI.
IC Markets
Why IC Markets is a top alternative to FXTM (ForexTime)
If you scalp or run algorithmic EAs, IC Markets is the clear winner. The execution speed and raw liquidity make their $6 cTrader commission the best bargain in retail forex. Compared to FXTM (ForexTime), IC Markets offers competitive spreads starting from 0.0 pips and max leverage of 1:500. It is regulated by ASIC, CySEC, FSA.
FXTM (ForexTime) In-Depth Reviews & Expert Sentiment
Our editorial team aggregates sentiment from TrustPilot, Reddit, and direct user feedback, combined with our TrustMetrics analysis to provide a balanced, comprehensive view of FXTM (ForexTime)'s reputation.
What Users Love
- ✓CySEC and FCA regulated — strong Tier-1 regulatory backing
- ✓Advantage account offers 0.0 pip spreads with ultra-low $0.4-2/lot commission
- ✓Exceptional localized service for Africa, Middle East, and Asia — including M-Pesa payments
- ✓Micro account with $10 minimum — extremely accessible for beginners
- ✓Strong educational content with webinars, seminars, and localized learning materials
Common Complaints
- !Offshore entity (FSC Mauritius) has weaker regulation for some clients
- !1:2000 leverage only available on offshore entity — risky for beginners
- !No cTrader or TradingView support
- !Stock CFD selection is limited to 250+ instruments
- !Spreads on Micro account are wider than ECN alternatives
Expert Verdict: FXTM (ForexTime) Overview
FXTM has carved out a unique position in the global brokerage landscape by focusing on markets that most Western brokers overlook — Africa, the Middle East, and Southeast Asia. With offices and local support in Lagos, Johannesburg, Dubai, and Kuala Lumpur, FXTM provides a level of localized service that competitors like IC Markets or Pepperstone simply don't match. During our testing, we were impressed by the Advantage account's pricing — $0.4/lot commission on major forex pairs is among the lowest in the industry. The broker serves 2+ million clients across 180 countries, demonstrating genuine global scale.
Platform Experience
FXTM offers MetaTrader 4, MetaTrader 5, and the FXTM Trader mobile app. MT4 is available for the Micro account, while MT5 is the primary platform for Advantage accounts and offers depth of market, more timeframes, and better charting than MT4. The FXTM Trader app is a simplified mobile experience with one-tap execution — useful for beginners but limited for advanced traders. There's no cTrader, TradingView, or proprietary desktop platform. During testing, execution was stable with order fills averaging under 25ms on the Advantage account.
Deposits & Withdrawals
FXTM accepts bank transfers, credit/debit cards, Skrill, Neteller, and M-Pesa — the inclusion of M-Pesa is critical for East African clients who may not have bank accounts. The $10 Micro minimum deposit is very accessible. All deposits are fee-free. Card and e-wallet deposits are instant; bank transfers take 1-3 business days. Withdrawals are processed within 1-2 business days with no fees. During our testing, a Skrill withdrawal was credited within 1 business day. The M-Pesa integration for both deposits and withdrawals is a genuine differentiator for the African market.
Customer Support
FXTM provides 24/5 support via live chat, email, and phone. During our testing, live chat responses averaged 2-5 minutes. Support agents were professional and knowledgeable. The standout feature is FXTM's localized support — they offer assistance in 30+ languages and maintain local offices with in-person support in key emerging market cities. Regular in-person educational seminars in Africa and Asia demonstrate a level of community engagement that most online-only brokers can't match.
Who Should Use FXTM (ForexTime)?
FXTM is ideal for traders in Africa, the Middle East, and Southeast Asia who want a globally regulated broker with genuine local presence and localized payment methods. The Advantage account's ultra-low commissions also make it attractive for cost-conscious traders worldwide. The Micro account's $10 minimum makes it one of the most accessible entry points for complete beginners. If you need cTrader, TradingView, or a massive stock/ETF selection — consider IC Markets, Capital.com, or Saxo Bank instead.
Frequently Asked Questions
What is FXTM (ForexTime)?
FXTM (ForexTime) is a globally regulated forex and CFD broker founded in 2011 by Andrey Dashin. Headquartered in Limassol, Cyprus, FXTM serves clients in 180+ countries with a particular focus on Africa, the Middle East, and Southeast Asia. It offers 1,100+ instruments across forex, indices, commodities, stocks, and crypto CFDs. FXTM holds regulatory licenses from CySEC (EU), FCA (UK), FSCA (South Africa), and FSC (Mauritius), providing a tiered regulatory structure for different regions.
What is the FXTM Advantage account?
The FXTM Advantage account is designed for active traders who want the lowest possible trading costs. It offers raw spreads from 0.0 pips with a variable commission starting from just $0.4 per lot — one of the lowest commission structures in the industry. The commission scales based on the instrument traded: major forex pairs start from $0.4/lot, while exotic pairs and metals may be higher. The minimum deposit is $500. This account uses ECN execution with no dealing desk intervention.
Is FXTM good for African traders?
FXTM is one of the best brokers for African traders. It accepts M-Pesa deposits (critical for East African clients), offers localized support in multiple African languages, hosts regular in-person seminars across African cities, and maintains a dedicated FSCA-regulated entity for South African clients. The $10 Micro account minimum is very accessible for markets where average deposits are lower. FXTM has invested heavily in African market presence — a genuine differentiator from brokers that treat Africa as an afterthought.
What leverage does FXTM offer?
FXTM offers leverage up to 1:2000 on its offshore FSC (Mauritius) entity — suitable only for experienced traders. EU clients under CySEC are capped at 1:30 for retail and up to 1:200 for professionals. UK clients under FCA follow similar ESMA restrictions. South African clients under FSCA can access up to 1:500. The appropriate leverage depends on your experience level, risk tolerance, and regulatory entity. Beginners should always use 1:100 or lower.
What platforms does FXTM support?
FXTM offers MetaTrader 4, MetaTrader 5, and the FXTM Trader mobile app. MT4 is available for the Micro account, while MT5 is the primary platform for Advantage and Advantage Plus accounts. The FXTM Trader app provides a simplified mobile trading experience with one-tap execution, built-in signals, and account management. There is no cTrader, TradingView, or proprietary desktop platform — a limitation for traders who prefer these alternatives.
Is FXTM safe and regulated?
FXTM holds regulatory licenses from CySEC (EU, license 185/12) and FCA (UK, license 600475) — both Tier-1 regulators with strict requirements. EU clients are protected by the ICF up to €20,000, and UK clients by the FSCS up to £85,000. FXTM also holds an FSCA license for South Africa and an FSC license for Mauritius. The Mauritius entity has weaker protection, so traders should open accounts through the CySEC or FCA entity when possible. Client funds are segregated at Barclays Bank.
Why should I look for an alternative to FXTM (ForexTime)?
Traders look for alternatives to FXTM (ForexTime) for lower spreads, different platforms (like TradingView or cTrader), regional regulatory protection, or lower deposit thresholds. Compare raw costs and safety metrics side-by-side to make your choice.
Are FXTM (ForexTime) alternatives regulated?
Yes. We only recommend safe alternatives. Our top alternative holds licenses from top-tier regulators.
The Bottom Line
FXTM is a strong choice for traders in emerging markets who want Tier-1 regulation (CySEC/FCA), localized payment methods, and accessible account options. The Advantage account's $0.4-2/lot commission is among the lowest in the industry. FXTM excels where many brokers don't even try — serving Africa, the Middle East, and Southeast Asia with genuine local support.
Daniel Morrison
Head of Research
Daniel leads our broker research division with a focus on regulation verification, execution quality analysis, and trading cost benchmarking. With over a decade of experience in forex markets, he developed the TrustMetrics™ scoring system used across all our broker evaluations. His work specializes in separating legitimate brokers from misleading marketing claims by cross-referencing regulatory filings with real-world trading conditions.
Compare FXTM (ForexTime) vs Competitors
View All ComparisonsFXTM (ForexTime) vs IG
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FXTM (ForexTime) vs Interactive Brokers
Compare spreads, fees, minimum deposits, and regulatory safety side-by-side.
FXTM (ForexTime) vs IC Markets
Compare spreads, fees, minimum deposits, and regulatory safety side-by-side.
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