FXTM 2024 Broker Review

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Introduction To FXTM

FXTM, also known as Forextime, established in 2011, has become a leading broker in emerging and frontier markets. Headquartered in Cyprus, FXTM is regulated by several authorities including CMA, CySEC, FCA, FSC Mauritius, and FSCA, ensuring a secure and reliable trading environment. The broker offers a range of services including upgraded MT4/MT5 trading platforms, a proprietary copy trading service, and a variety of educational content and market research. FXTM is particularly notable for its commission-based Forex pricing environment and transparency.

Among the pros of FXTM are its excellent commission-based Forex pricing, upgraded trading platforms, comprehensive market research, and educational content suitable for beginners. FXTM also provides a low minimum deposit option and high leverage for traders. However, it does have some limitations, such as the absence of cryptocurrency trading and a limited choice of commodities. Overall, FXTM is recognized for adjusting to market and regulatory changes, maintaining competitive trading conditions, and offering a range of trading instruments and platforms suitable for different trader needs.


Minimum Deposit


FX Commission
(per lot)


Free Demo Account


Inactivity fee after 6 months


Very well regulated

Very low commissions on the “advantage” accounts


$5 monthly inactivity fee after 6 months

No support for Crypto deposits / withdrawals

Review Video:

Coming soon!

FXTM Quick Facts

Country Headquarters


Instruments Offered

Forex, Metal, Indices, CFDs, Shares

Base Account Currency

USD, EUR, GBP, Nigerian Naira (Nigerian residents only)

Minimum Deposit


Withdrawal Fee


Account Verification Time

1 Business Day

Deposit Options

Card, bank wire, Skrill, Neteller, Perfect Money, etc

Accepts crypto deposit


Trading Platforms

MetaTrader 4, MetaTrader 5, FXTM Proprietary Platform

Demo Accounts


VPS Offered


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Account Opening 4 / 5

Commissions & Fees 5 / 5

Deposit and withdrawal 5 / 5

  • Card
  • Bank wire
  • GlobePay
  • Skrill
  • PayRedeem
  • Perfect Money
  • Neteller
  • Nigerian Instant Bank Transfers
  • Ghanaian Local Transfer
  • M-Pesa

Trading Platforms 4 / 5

  • MetaTrader 4
  • MetaTrader 5
  • FXTM proprietary platform

Customer Support 5 / 5

  • Live chat on their website
  • Email
  • WhatsApp
  • Telegram
  • FB Messenger

Other 5 / 5

  • Free demo account (live account not required)
  • Educational content and videos
  • Proprietary copy trading platform
  • Ability to trade individual stocks

About ForexBrokerTalk

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4.5 / 5

ForexBrokerTalk Final Score

We think FXTM would be a great forex broker for any trader. Given the fact that FXTM offers local deposit options for African residents, they would be an excellent choice for African residents.