FXTM review summary
FXTM (ForexTime) is a globally recognised forex and CFD broker founded in 2011 and headquartered in Limassol, Cyprus. It is one of the more genuinely multi-regulated names in the retail space, holding authorisations from the UK’s FCA, Cyprus’ CySEC, South Africa’s FSCA and the FSC in Mauritius — a regulatory spread that few low-deposit brokers can match.
FXTM’s standout strength is education. Its library of webinars, video courses, ebooks and daily research notes is among the deepest in the industry and is a big reason beginners and MENA/Africa traders gravitate to it. The other draw is accessibility: with a $10 minimum deposit and both MT4 and MT5 supported, the barrier to opening a real FXTM account is very low while still sitting inside a tier-1 regulatory umbrella.
FXTM account types
| Account | Min. deposit | Spreads | Commission | Best for |
|---|---|---|---|---|
| Standard | $10 | From 1.5 pips | None | Beginners |
| Cent | $10 | From 1.5 pips | None | Micro-lot testing |
| ECN | $200 | From 0.0 pips | ~$2/lot/side | Active & cost-focused traders |
| ECN Zero | $200 | From 1.5 pips | None | Hands-off discretionary traders |
Spreads and commissions vary by entity and instrument; an Islamic (swap-free) option is available in eligible regions.
Regulation & safety
FXTM operates through several regulated entities: FCA (UK), CySEC (Cyprus/EU), FSCA (South Africa) and the FSC Mauritius (international clients). The FCA- and CySEC-regulated entities provide the strongest retail protections — segregated client funds, negative balance protection, and a retail leverage cap of 1:30 — and EU clients are covered by the CySEC Investor Compensation Fund. UK clients fall under the FSCS where eligible.
The headline 1:1000 leverage applies only to the offshore (Mauritius) entity, where protections and recourse are weaker. Always confirm which FXTM entity onboards traders in your country and verify the licence directly on the relevant regulator’s site before depositing.
Who FXTM is best for
- Beginners who want structured education before risking capital — see our guide on how to choose a broker
- MENA and Africa traders wanting local funding and an FSCA-regulated option
- Low-budget traders drawn by the $10 minimum deposit and Cent account
- MT4/MT5 users wanting both platforms plus an Islamic forex account
Who should look elsewhere
- Scalpers chasing the tightest raw spreads — Exness and IC Markets are more cost-efficient per trade
- Traders wanting top-tier regulation with deeper liquidity — Pepperstone pairs ASIC/FCA oversight with sharper pricing
- Investors who want share dealing and copy trading — eToro is the stronger all-rounder
Bottom line
FXTM scores 3.1/5. It is a credible, multi-regulated broker whose education and low entry point make it a sensible first home for beginners, particularly across MENA and Africa. Cost-focused active traders will find tighter FXTM spreads on the ECN account, but those who prize rock-bottom pricing above all else should compare it against Exness and Pepperstone before committing.