Forex Time (FXTM) has established itself as one of the more recognizable names in online brokerage since launching in 2011. In 2025, the broker continues to focus heavily on forex and CFD trading while offering a surprisingly broad multi-asset lineup that now includes stocks, commodities, indices, cryptocurrencies, and even spot metals. This review cuts through the marketing noise and examines what actually matters: regulation, real trading costs, platform experience, asset coverage, and whether FXTM still deserves a spot on a serious trader’s shortlist.
Regulation and Client Protection
FXTM is not a single entity but a brand name used by several regulated companies:
| Entity | Regulator | License Number | Maximum Leverage | Client Fund Protection |
|---|---|---|---|---|
| Exinity Limited | Mauritius FSC | C113012295 | 1:2000 | Segregated accounts |
| ForexTime Limited | CySEC (Cyprus) | 185/12 | 1:30 (retail) | ICF up to €20,000 + negative balance |
| FT Global Limited | Mauritius FSC | – | 1:2000 | Segregated accounts |
| Exinity UK Limited | FCA (UK) | 777911 | 1:30 | FSCS up to £85,000 |
Most global clients end up under the high-leverage Mauritius entities. While the FSC is legitimate, it offers far less investor protection than CySEC or FCA. If capital safety is your top priority, request the CySEC or FCA entity during onboarding — it’s possible for eligible clients.
Account Types and Trading Costs in 2025
FXTM maintains three core retail account types in 2025:
| Account Type | Minimum Deposit | Spreads (EUR/USD) | Commission | Best For |
|---|---|---|---|---|
| Micro | $10 | From 1.5 pips | None | Beginners, small accounts |
| Advantage | $500 | From 0.0 pips | $0.40–$2/lot | Scalpers, high-volume forex traders |
| Advantage Plus | $500 | From 1.5 pips | None | Swing traders who hate commissions |
Real-world all-in cost on EUR/USD (Advantage account, Jan–Nov 2025 average): ~0.6–0.8 pips including commission during London–NY overlap. That puts FXTM in the top 15–20% of brokers for forex pricing — competitive, but no longer the absolute cheapest (IC Markets and Pepperstone regularly undercut them by 0.1–0.2 pips).
Swap rates remain a weak point. Long-term position traders pay noticeably higher overnight financing than at brokers like Tickmill or BlackBull Markets.
Multi-Asset Offering (2025 Update)
FXTM has aggressively expanded beyond forex:
| Asset Class | Instruments Available | Real Stocks or CFDs? | Notes |
|---|---|---|---|
| Forex | 63 major/minor/exotic | – | Includes ZAR, TRY, MXN pairs |
| Stock CFDs | 750+ | CFDs only | US, UK, EU, some emerging markets |
| Real US Stocks | ~180 | Actual shares | Zero commission, only on Advantage account |
| Indices | 23 | CFDs | Tight spreads on US30, GER40 |
| Commodities | 12 | CFDs | Gold spread ~20–25 cents |
| Cryptocurrencies | 12+ | CFDs | BTC, ETH, LTC, Ripple + some altcoins |
| Spot Metals | XAU, XAG, XPD, XPT | CFDs & physical-like | Very competitive gold/silver spreads |
The addition of real US stocks (no ETF or ADR yet) is a pleasant surprise for buy-and-hold clients who want dividend adjustments without CFD swap bleed.
Platforms and Execution
- MT4 and MT5 remain the core offering (fully supported, including depth of market on MT5).
- FXTM Invest — their copy-trading platform — has matured and now hosts over 3,500 strategy providers.
- No proprietary platform yet in 2025. If you need TradingView integration or cTrader, look elsewhere.
Execution speed (measured independently in 2025): average 38–45 ms on VPS in London — fast enough for most scalping strategies.
Fees, Spreads, and Funding: The Cost Breakdown
Transparency is key, and FXTM delivers with competitive pricing. Spreads average around 0.22 pips on EUR/USD for Advantage accounts, with no hidden fees. Deposits are free across methods like bank transfers, cards, Skrill, Neteller, and even UnionPay for Asian users. Withdrawals process in a day, though fees vary by method.
No monthly charges, but watch for inactivity fees after long dormancy. Leverage is generous, but remember, it amps up risk—60-80% of retail traders lose money, as they warn. From where I sit, these costs make FXTM a solid value play, especially compared to brick-and-mortar brokers, but always factor in your trading volume to see if commissions eat into profits.
Pros and Cons: The Real Deal
Pros:
- Strong multi-regulation for safety.
- Diverse assets with high leverage options.
- Low minimum deposits and competitive spreads.
- Excellent educational tools and signals.
- Fast, multilingual support tailored for global users.
Cons:
- Limited to MT4/MT5—no proprietary platform innovations.
- No real ETFs or options.
- Inactivity fees could sting casual traders.
- Asset variety, while good, isn’t the broadest out there.
Deposits, Withdrawals and Hidden Fees
Minimum deposit remains trader-friendly ($10–$500 depending on account). Withdrawal processing is genuinely quick — bank cards and e-wallets usually same-day, bank wires 1–3 days. Watch out: some local bank deposit methods in Africa and Asia still carry 2–4% fees on the payment provider side.
Who Should Use FXTM ?
Strong fit for:
- Traders in Africa, Middle East, and Southeast Asia (excellent local payment options and support).
- Scalpers and day traders who prioritize raw spreads + MT5.
- Beginners who want to start with $10 and move up the account ladder seamlessly.
Better alternatives exist if:
- You trade large size and need the absolute lowest commission (IC Markets Raw Spread or FundedNext).
- You require a top-tier license (FCA/CySEC only) with no offshore fallback.
- You primarily trade crypto or stock CFDs — spreads are average here.
Final Take
FXTM is no longer the “new hot broker” it was in 2015–2018, but it has quietly evolved into a solid, multi-asset workhorse with particularly strong regional coverage. Pricing is sharp, the real stocks addition is welcome, and execution is reliable. It won’t top the leaderboard in any single category anymore, yet very few brokers manage to stay this consistently decent across so many dimensions after 14 years.
If you’re already in their target demographic and value stability over chasing the last 0.1 pip of savings, FXTM remains a perfectly reasonable choice.
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Disclaimer: Trading forex and CFDs carries a high level of risk and may not be suitable for all investors. Ensure you understand the risks involved and consider your financial situation before trading.