FXTM Review
FXTM (formerly known as ForexTime) is a forex and CFD broker founded in 2011, operating internationally through the entity Exinity Limited. The broker targets beginner and intermediate traders with multiple account types, the MetaTrader 4 and MetaTrader 5 platforms, and educational materials. In this updated 2026 review we cover the current licenses, account types, spreads, leverage, and the Islamic account in an educational and neutral way. For how it compares with other brokers, see our full forex broker comparison.
Notice: The content provided is for educational purposes only and does not constitute investment advice. Trading CFDs involves high risk, and you may lose your entire capital due to leverage.
Review Contents
Overview of FXTM
FXTM currently operates its international services through the entity Exinity Limited, focusing on the MetaTrader platforms alongside education services and copy trading. The broker supports Arabic, and offers account types suited to different levels of traders.
| Item | Details |
|---|---|
| Year founded | 2011 (under the name ForexTime, current brand FXTM) |
| International entity | Exinity Limited |
| Current licenses | FSC Mauritius — Investment Dealer C113012295 (registration C119470 C1/GBL), and FSCA South Africa FSP 50320 |
| Minimum deposit | Edge 50 USD, Advantage Plus and Advantage Stocks 200 USD, Advantage 500 USD, Micro 3,000 in cent currency |
| Account types | Edge, Micro, Advantage, Advantage Plus and Advantage Stocks (plus a Practice demo account) |
| Platforms | MetaTrader 4, MetaTrader 5 and the FXTM app — the Micro account is on MetaTrader 4 only |
| Islamic account | Available on the Advantage and Advantage Plus accounts; not available on the Edge account |
Is FXTM Trustworthy or a Scam? An Objective Look at the Licenses
Many traders look into how trustworthy FXTM is before opening an account, often phrasing it as “is FXTM a scam?”. The objective answer: FXTM is a licensed broker with an operating track record since 2011, but the level of protection depends on the regulatory entity under which you open your account. The table below shows the current licenses as published by the company on its official website.
| Regulator | Entity | License number |
|---|---|---|
| FSC (Mauritius) | Exinity Limited | Investment Dealer — C113012295 · registration C119470 C1/GBL |
| FSCA (South Africa) | Exinity Limited | FSP — 50320 |
An important objective note: FXTM changed its regulatory structure over the past years and discontinued services for individual clients in the European Union (under CySEC) and the United Kingdom (under FCA); the current Cyprus entity (Exinity Works) does not carry out regulated financial activity. The company also does not accept clients from several countries, including the United States, Canada, Japan, India, and the United Kingdom. This does not mean the broker is a “scam” — it is licensed in Mauritius and South Africa and has a long track record — but it does mean traders should verify which entity they are registering under and what protection it offers, and read the terms of service for their region before depositing.
Pros and Cons of FXTM
Below is an objective summary of the key strengths and weaknesses of FXTM to help you form a balanced picture:
Pros
- Long operating track record since 2011 and a well-known brand
- Current licenses from FSC Mauritius and FSCA South Africa
- Multiple account types suited to beginners and intermediate traders
- Islamic (Swap-Free) account available on the Advantage and Advantage Plus accounts
- MT4 and MT5 platforms and a dedicated app + Arabic support
- Educational materials and a copy trading service
Cons
- Discontinued services for individuals in the European Union (CySEC) and the United Kingdom (FCA)
- Most clients are under the Mauritius entity (less strict regulatory protection than Tier 1)
- Does not accept clients from several countries
- Changing regulatory structure may confuse some traders
- High leverage can be risky for beginners
Account Types at FXTM
FXTM offers several account types suited to different goals and levels. The table below shows the main differences between them (details remain approximate and vary by region and instrument type):
| Account type | Features | Suitable for |
|---|---|---|
| Edge | 50 USD minimum, spread from 1.2 pips, no commission, leverage up to 1:500 | Traders wanting a low-cost entry |
| Micro | 3,000 in cent currency, spread from 1.5 pips, no commission, leverage up to 1:1000, MetaTrader 4 only | Beginners and strategy testing |
| Advantage | 500 USD minimum, spread from 0.0 pips on forex, commission 3.5 USD per lot per side, leverage up to 1:3000 | Active traders and those who prefer low spreads |
| Advantage Plus | 200 USD minimum, spread from 1.5 pips, no commission, leverage up to 1:3000 | General traders looking for simplicity |
| Advantage Stocks | 200 USD minimum, no leverage (1:1) | Traders focused on stocks |
For beginners, the Micro account is a suitable starting point for its simplicity, while the Advantage account suits those looking for a lower spread in exchange for a commission. It is best to review the updated terms on the official platform before choosing.
Spreads and Fees at FXTM
The cost of trading at FXTM depends on the account type: the Advantage account offers a low spread in exchange for a commission, while Micro and Advantage Plus accounts are commission-free with a higher spread. It is recommended to review the official fee schedule for each account, since values vary by instrument and market conditions.
| Item | Details |
|---|---|
| Spread — Edge | From 1.2 pips |
| Spread — Micro and Advantage Plus | From 1.5 pips |
| Spread — Advantage | From 0.0 pips on forex |
| Spread for a specific pair | Not disclosed — the company does not publish a fixed figure for any single pair |
| Commission | 3.5 USD per lot per side on the Advantage account; none on Edge, Micro and Advantage Plus |
| Deposit fees | Not disclosed as a single published schedule |
| Withdrawal fees | Not disclosed as a single published schedule; the company reserves the right to charge the equivalent of bank fees or 3% of the withdrawal where there has been no trading activity |
| Inactivity fees | Not disclosed |
Overall, FXTM offers a clear fee structure with both commission and commission-free options, letting traders choose what suits their style.
Leverage at FXTM and How to Manage It
Leverage allows traders to open positions larger than their actual capital. The maximum leverage at FXTM varies by regulatory entity, instrument type, and account size; it is higher under the international entity (Mauritius) and more restricted in strictly regulated regions. High leverage multiplies potential profits just as it multiplies losses.
| Element | Details |
|---|---|
| Maximum leverage | Up to 1:3000 on the Advantage and Advantage Plus accounts, up to 1:1000 on Micro, up to 1:500 on Edge, and no leverage (1:1) on Advantage Stocks — all floating |
| Influencing factors | Account type and instrument type, and the client’s own knowledge and experience under the officially published condition |
| Risk management | Using stop-loss orders and not risking a large percentage of capital on a single trade |
⚠️ Warning: High leverage significantly increases the level of risk, and may lead to the loss of your entire capital within a short period. This content is educational and not investment advice.
Islamic Account at FXTM (Swap-Free)
FXTM offers an Islamic (Swap-Free) account that allows positions to be held open for more than a day without overnight interest (swap) being charged, suited to traders seeking Sharia compliance. This option is available on specific account types and is usually activated after account verification or upon request from support.
| Item | Details |
|---|---|
| Overnight interest (swap) | Not charged on eligible trades |
| Availability by account type | Available on the Advantage and Advantage Plus accounts; not available on the Edge account; the status of the Micro account is not officially settled |
It is best to review the updated Islamic account terms on the official platform before relying on it, as eligible instruments and fees may change from time to time.
Trading Platforms Available at FXTM
FXTM focuses on the two most widely used MetaTrader platforms, in addition to the FXTM mobile app:
| Platform | Best for | Feature |
|---|---|---|
| MetaTrader 4 (MT4) | Forex traders and EA (Expert Advisor) users — the Micro account is available on MetaTrader 4 only | Lightweight, fast, and a huge library of EAs |
| MetaTrader 5 (MT5) | Multi-asset traders | Wider analysis tools and more timeframes |
| FXTM App | Mobile traders | Manage your account, trade, and deposit from your phone |
Deposit and Withdrawal Methods at FXTM
FXTM offers various payment methods that vary by region. It is always recommended to complete identity verification (KYC) before any deposit to speed up withdrawals later.
| Method | Deposit speed | Withdrawal speed | Fees |
|---|---|---|---|
| Published deposit methods | Credit and debit cards, cryptocurrencies, e-wallets, bank transfers and local payment solutions | ||
| Withdrawals | The original deposit is withdrawn using the same payment method | ||
| Fees | Not disclosed as a single published schedule; the company reserves the right to charge the equivalent of bank fees or 3% of the withdrawal where there has been no trading activity |
Methods, fees, and limits vary by country and by the entity under which the account is opened; review the options available in your region on the official platform.
FXTM vs Exness: An Objective Comparison
To help you compare, we place FXTM alongside Exness — one of the most prominent brokers in the Arab region — in an informational comparison. The goal is to present the key differences objectively, not to favor one broker over another.
| Criterion | FXTM | Exness |
|---|---|---|
| Current licenses | FSC Mauritius C113012295 · FSCA South Africa FSP 50320 | Seychelles FSA SD025 (the entity serving Middle East clients); other entities including FCA and CySEC do not serve this region |
| Account types | Edge / Micro / Advantage / Advantage Plus / Advantage Stocks | Standard Cent / Standard / Pro / Zero / Raw Spread |
| Minimum deposit | From 50 USD (Edge) to 500 USD (Advantage) | Not disclosed as a fixed figure for Standard and Standard Cent; from 200 USD on the professional accounts |
| Maximum leverage | Up to 1:3000 depending on account type | Unlimited under specific conditions; 1:400 for clients of the Kenyan entity |
| Islamic account | Available on Advantage and Advantage Plus | Available automatically for accounts registered from Islamic countries |
| Platforms | MT4 / MT5 / FXTM App | MT4 / MT5 / Exness Terminal / Exness Trade app / MetaTrader WebTerminal |
For full details, see our Exness Full Review and XM Review, and our guide to the Best Forex Brokers.
Steps to Open an Account at FXTM
The account opening process takes place entirely online: registering with your basic details and choosing your country of residence, then selecting the account type and platform, then identity verification (KYC), and finally depositing and getting started. Beginners are advised to try the demo account first before risking real capital.
Ready to Try Trading with FXTM?
Start with a demo account to test the platform, or open a real account after reading the terms of service for your region. Remember that trading involves risk.
Frequently Asked Questions
Is FXTM licensed and safe?
FXTM is a broker licensed since 2011, operating its international services through Exinity Limited, licensed by the FSC in Mauritius (C113012295) and the FSCA in South Africa (FSP 50320). The company discontinued its services for individuals in the European Union and the United Kingdom, so traders should verify which entity they are registering under and the level of protection in their region.
Is FXTM a scam?
There is nothing to indicate that FXTM is a “scam”; it is a licensed broker with a long operating track record. However, the level of regulatory protection varies by entity, and the company has discontinued its services in some strictly regulated markets. It is always recommended to read the terms and verify the license before depositing.
What is the minimum deposit at FXTM?
The minimum deposit depends on the account type: 50 USD on Edge, 200 USD on Advantage Plus and Advantage Stocks, 500 USD on Advantage, and 3,000 in cent currency on the Micro account.
What account types does FXTM offer and which suits beginners best?
The officially published account types are Edge, Micro, Advantage, Advantage Plus and Advantage Stocks, plus a demo account. Edge or Micro is a reasonable starting point for beginners given the lower minimum, while Advantage suits traders who want a tighter spread in exchange for a commission.
Does FXTM offer an Islamic account?
The Islamic (Swap-Free) account is available on the Advantage and Advantage Plus accounts and is not available on the Edge account. No overnight interest is charged on eligible trades.
What is the leverage at FXTM?
Leverage reaches 1:3000 on the Advantage and Advantage Plus accounts, up to 1:1000 on Micro, up to 1:500 on Edge, and there is no leverage on Advantage Stocks. All of it is floating and depends on the instrument and on the client’s knowledge and experience.
What platforms are available at FXTM?
The officially published platforms are MetaTrader 4, MetaTrader 5 and the FXTM app. The Micro account is available on MetaTrader 4 only.
How do I withdraw my profits from FXTM?
Withdrawals are made through the member area by selecting “withdraw funds” and specifying the method and amount. Processing time varies by payment method, and completing account verification (KYC) speeds up the process.
Why did FXTM discontinue its services in some markets?
FXTM restructured its regulatory entities over the past years, discontinuing services for individual clients in the European Union (CySEC) and the United Kingdom (FCA), while focusing on its international entity in Mauritius and South Africa. This is common among international brokers and does not necessarily indicate a trust issue.
Is FXTM suitable for beginners?
That depends on the account: Edge starts at 50 USD and Micro at 3,000 in cent currency, which are the lowest entry points. The company does not publish a fixed spread figure for any single pair, so it is worth reviewing the account terms before depositing.
Disclaimer: All information in this review is for educational purposes only and does not constitute investment advice or a recommendation to open an account or invest. Trading CFDs involves high risk due to leverage and may result in the loss of your entire capital. A large percentage of retail investor accounts lose money when trading CFDs. It is recommended to consult a licensed financial advisor before making any decision. This content contains affiliate links, through which we may earn a commission at no additional cost to you.
Share Your Experience or Question
Do you have experience with FXTM, or a question about licenses, account types, or withdrawal methods? Share it in the comments below. We read every comment and answer questions to help other traders make an informed decision. Note: comments are for educational discussion purposes only and do not constitute financial advice.