Leverage: 1:30 | 1:200
Min. Deposit: $100
Platforms: MT4, MT5
Regulation: CySEC, FCA, FSCA, FSC, CMA
Found in: 2011
ForexTime US Licenses:
- ForexTime Ltd – authorized by CySEC (Cyprus) registration no. 185/12
- ForexTime Ltd – authorized by FSCA (South Africa) registration no. 46614
- Exinity Capital East Africa Ltd – authorized by CMA (Kenya) registration no. 135
- Exinity UK Limited – authorized by FCA (UK) registration no. 777911
- Exinity Limited – authorized by FSC (Mauritius) registration no. C113012295
Our Review Method:
Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, fees, and platforms, verified regulations, contacted customer service, and placed traders to see trading conditions and give expert opinions about ForexTime.
What Type of Broker is FXTM?
Based on our findings, FXTM is a global Forex and CFD broker providing access to more than 1000 instruments including Currencies, Stocks, Indices, Commodities, Share Baskets, and more, with ultra-low spreads and lightning-speed execution.
Where is FXTM Located?
FXTM Pros and Cons
FXTM is a good broker well-known and regulated worldwide, there are numerous regulated entities of FXTM. Account opening is easy, FXTM has one of the lowest deposit requirements and trading conditions are good with low spreads and excellent customer service, and Forex education. In fact, FXTM is one of the leading industry Forex Brokers with great service established worldwide, numerous traders from various countries including Africa region can trade and access excellent Education established by FXTM.
For the Cons, there is a withdrawal fee, and Stock spreads are rather higher, also condiitons vary on each entity.
- Heavily regulated broker with a strong establishment
- Wide range of trading platforms and competitive trading conditions
- Low deposit requirement
- Tight spreads
- Quality customer support and educational materials
- High stocks trading spread
- Withdrawal fee
- No 24/7 support
Fusion Markets Review Summary in 10 Points
|Headquarters||Cyprus and entities around the world|
|Regulation||CySEC, FCA, FSCA, FSC, CMA|
|Instruments||1000+ financial instruments, over 50 currency pairs, CFDs on Cryptocurrencies, Spot metal, Shares, Commodities and Indices.|
|EUR/USD Spread||1.5 pips|
|Base Currencies||Various base currencies|
|Education||Professional FXTM Education Center|
Overall FXTM Ranking
Based on our Expert findings, FXTM is considered a good broker with safe and very favorable trading conditions. The broker offers a range of trading services designed for both beginner traders and professionals with low initial deposit amounts. As one of the good advantages, FXTM covers almost the globe, so traders from various countries can sign in, also with the lowest spreads.
- FXTM Overall Ranking is 9.3 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
FXTM Alternative Brokers
We learned that FXTM offers a range of trading instruments, good trading conditions, and also low trading spreads and fees. However, there are a number of other brokers that offer similar services. Here are some of the best alternatives to FXTM:
- AvaTrade – Good Instruments and CopyTrading
- Pepperstone – Low Spreads and Competitive Trading Conditions
- XM – Wide Range of Trading Opportunities
From the fast client approval to the general trading process, comprehensive learnings, and available features, FXTM proves its high ranking among the traders’ community with more than 90% of positive feedback.
The numbers are actually confirmed by the large community of traders with about 750,000+ active accounts that growing, numerous attractive opportunities, and gained vast awards for excellence in trading.
FXTM also proudly takes an active social role while supporting and sponsoring various world Sports like Sahara Force India Formula 1 team and regularly reveals in the media.
Is FXTM Safe or Scam?
No, FXTM is not a scam, it is a well-regulated broker operating as ForexTime Ltd, ForexTime UK Ltd, and Exinity Limited three entities under the FXTM brand that provides trading services to more than 10,000 clients from over 135 countries around the world. And important to note that comply with the necessary regulatory guidelines in every region FXTM operates, which gains a high score from us in terms of its trust.
This question is indeed the most crucial one, as investor accounts lose money and if you trade with an unregulated entity the high risk to lose funds is dramatically high.
Is FXTM Legit?
Based on our findings, FXTM is a legit broker, as each of the entities and brands that it serves is authorized and regulated by various global jurisdictions.
The main entity ForexTime Ltd is regulated by CySEC of Cyprus, authorized by FSCA of South Africa, and by additional offshore authority FSC in Mauritius. Also, the FXTM UK brand is licensed by the Financial Conduct Authority known as sharp regulator, which has principals built by European MiFID and ICF allowing cross-broker activity.
See our conclusion on FXTM Reliability:
- Our Ranked FXTM Trust Score is 9.3 out of 10 for good reputation and service over the years, also reliable top-tier licenses, and serving regulated entities in each region it operates. The only point is that regulatory standards and protection vary based on the entity.
FXTM Review Conclusion
Concluding the FXTM review, we admit that FXTM gives quality trading potential for both beginners and experienced traders or investors and FXTM is one of the leaders in Forex Trading. Moreover, there are other numerous advantages with FXTM too, alike great global coverage with a good focus on Africa region with Nigeria and Kenya trading opportunities.
The account variety is very impressive which allows any trader the best suitable option either with flexible or floating leverage. We learned that the broker also provides tight spreads from 0.1 pips, and low deposit requirements, besides education is one of the best provided. So overall, FXTM is very trustable and quiality choice for Forex traders of any size.
Based on Our findings and Financial Expert Opinions FXTM is Good for:
- Beginning Traders
- Advanced traders
- International Traders
- Traders who prefer MT4/MT5
- EAs Traders
- Currency and CFD trading
- Variety of trading strategies
- Tight spreads
- Algorithmic or API traders
- Quality customer support
- Excellent educational materials