FXTM (Forextime) Overall rating
| Rating | Weight | |
| User Rating |
4.4 (45 reviews)
 |
3 |
| Popularity |
3.9
|
3 |
| Regulation |
5.0
|
2 |
| Pricing rating |
4.6
|
1 |
| Features |
Not rated
|
1 |
| Customer Support |
Not rated
|
1 |
Pros
- Highly rated by users with 4.3 out of 5 based on 45 reviews.
- Ranked 24 out of 815 forex brokers based on user ratings.
- Multiple regulatory licenses including FCA (UK), FSC (Mauritius), and CMA (Kenya).
- Offers negative balance protection across all regulatory jurisdictions.
- Provides a wide range of tradable instruments including over 700 shares and 60+ forex CFDs.
- High leverage available for retail clients up to 2000:1.
- Founded in 2012, making it a well-established broker with over a decade in business.
Cons
- Not publicly traded and does not provide its financials publicly.
- No deposit compensation scheme for Mauritius and Kenya regulated entities.
- Popularity rating is moderate at 3.9 out of 5.
- Swap rates are generally less favorable compared to some industry leaders.
We tested FXTM using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.
Trustworthiness & Regulation
FXTM, also known as ForexTime, has been in operation since 2012, establishing itself as a reliable broker in the forex industry. The broker is regulated by multiple reputable regulatory bodies, including the UK FCA, Mauritius FSC, and Kenya CMA, which provides a strong level of trust and security for traders.
With 45 user reviews, 42 of which are from verified real trading accounts, FXTM is rated 4.3 out of 5 by its users, ranking 24 out of 815 forex brokers. Our experts also rate it highly, placing it 17th out of 815 brokers. The broker enjoys significant web traffic, with 733,194 organic monthly visits, ranking 41st in terms of organic traffic.
It is privately owned, not licensed as a bank, and does not provide its financials publicly. Despite these strengths, it is essential to remember that even highly regulated and successful financial firms can face failures in the financial industry.
| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| Exinity UK Ltd |
|
up to £85,000
|
|
|
30 : 1 | |
| Exinity Limited |
|
 |
|
|
2000 : 1 | |
| Exinity Capital East Africa Ltd |
|
|
|
|
400 : 1 |
Deposit Insurance
FXTM provides deposit insurance through its regulatory frameworks. In the UK, clients are protected under the Financial Services Compensation Scheme (FSCS), which compensates up to £85,000 if an authorized financial firm fails. For clients under the Mauritius FSC and Kenya CMA, there is no deposit compensation scheme available.
However, FXTM ensures segregated client money, meaning client funds are kept separate from the company's operating capital, providing an additional layer of security. Negative balance protection is also offered across all regulatory jurisdictions, preventing clients from losing more than their account balance.
Spreads and Costs
FXTM offers competitive spreads and costs compared to other brokers. The average spreads for forex and commodities are generally in line with market standards, while the crypto average is not available.
For example, the forex average spread is 2.25, which is comparable to other leading brokers like FBS and IG.
Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers
| Broker - Account Type | Crypto Average | Forex Average | Indices Average | Commodities Average |
|---|---|---|---|---|
| FXTM – Advantage Plus | - | 2.25 | - | 0.12 |
| FBS – Standard | 23.97 | 2.18 | - | 0.18 |
| IC Markets – Standard | 9.09 | 1.56 | 1.30 | 0.10 |
| IG – Standard | 51.55 | 2.25 | 3.67 | 0.24 |
| RoboForex – Pro | - | 2.09 | - | 0.11 |
| Vantage Markets – Standard | 8.54 | 2.02 | - | 0.10 |
| ThinkMarkets – Standard | 23.98 | 3.89 | 2.78 | 0.23 |
Note: Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD). Data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.
Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.
Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.
Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.
Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers
| Broker - Account Type | BTCUSD | ETHUSD | EURUSD | USDJPY | GBPJPY | EURGBP | AUDNZD | CADCHF | AUS200 | US30 | XAUUSD | XAGUSD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FXTM – Advantage Plus | - | - | 0.56 | 0.91 | 4.14 | 1.52 | 3.99 | 2.36 | - | 2.03 | 0.22 | 0.02 |
| FBS – Standard | 45.63 | 2.32 | 1.35 | 2.00 | 2.97 | 1.82 | 2.72 | 2.21 | - | 5.91 | 0.33 | 0.03 |
| IC Markets – Standard | 15.17 | 3.01 | 0.90 | 1.12 | 2.02 | 1.43 | 2.31 | 1.58 | 1.70 | 0.89 | 0.18 | 0.03 |
| IG – Standard | 98.00 | 5.10 | 0.81 | 0.98 | 3.30 | 1.30 | 3.12 | 4.02 | 2.62 | 4.72 | 0.45 | 0.03 |
| RoboForex – Pro | - | - | 1.36 | 2.10 | 2.81 | 1.23 | 3.00 | 2.06 | - | - | 0.20 | 0.02 |
| Vantage Markets – Standard | 14.51 | 2.58 | 1.43 | 1.79 | 2.56 | 1.55 | 2.59 | 2.20 | - | - | 0.18 | 0.03 |
| ThinkMarkets – Standard | 44.69 | 3.27 | 2.57 | 3.54 | 4.86 | 2.76 | 6.10 | 3.52 | 3.09 | 2.47 | 0.40 | 0.06 |
Swap Rates/Financing Fees
Swap rates, also known as financing fees, are charges that traders pay or receive when holding a position overnight. Positive swap rates pay out money to the trader, while negative swap rates cost money. FXTM offers swap rates that are generally in line with the industry average.
Compared to leading brokers, FXTM's swap rates are competitive, especially for XAUUSD swap short positions, where it offers 23.90, higher than many peers.
| Broker | Best | Average | NZDUSD Swap Short | NZDUSD Swap Long | USDJPY Swap Short | USDJPY Swap Long | XAUUSD Swap Short | XAUUSD Swap Long |
|---|---|---|---|---|---|---|---|---|
| FXTM | - | -3.34 | -0.13 | -0.14 | -2.81 | 0.80 | 23.90 | -41.67 |
| FBS | - | -4.38 | -0.14 | -0.06 | -2.87 | 0.63 | 6.05 | -29.90 |
| IC Markets | Best | -2.27 | -0.10 | -0.14 | -2.59 | 1.25 | 20.78 | -32.84 |
| IG | - | - | - | - | - | - | - | - |
| RoboForex | - | -5.81 | -0.23 | -0.30 | -3.56 | 1.22 | -3.00 | -29.00 |
| Vantage Markets | - | -2.34 | -0.19 | -0.25 | -2.72 | 1.03 | 18.90 | -30.80 |
| ThinkMarkets | - | -3.27 | -0.14 | -0.14 | -2.61 | 1.08 | 19.57 | -37.37 |
Does FXTM Offer Islamic /Swap-free Accounts?
Islamic trading accounts, also known as swap-free accounts, are designed to comply with Sharia law, which prohibits earning or paying interest. FXTM offers Islamic accounts that do not incur swap or rollover charges on overnight positions.
These accounts are available for clients of the Muslim faith, and traders need to apply for this account type and meet certain eligibility criteria set by FXTM. More details about the requirements and application process can be found on the broker's official website.
Other Fees
In addition to spreads, commissions, and swap rates, FXTM charges other fees which traders should be aware of. The following table provides a summary of these additional fees:
| Fee Type | Amount | Description |
|---|---|---|
| Withdrawal Fee | Varies | FXTM charges withdrawal fees depending on the method used. For example, bank transfers may incur higher fees compared to e-wallets. |
| Inactivity Fee | If no trading activity occurs for 3 months, FXTM charges an inactivity fee of 10$/€/£ per month. | |
| Deposit Fee | None | FXTM does not charge any fees for deposits made into trading accounts. |
Comparison to other Brokers
FXTM stands out for its high user ratings, comprehensive regulatory licenses, and a broad range of tradable instruments. Compared to other industry-leading brokers like IC Markets, FBS, and IG, FXTM offers competitive spreads and swap rates, though some rates are slightly higher.
Its regulatory framework includes FCA, FSC, and CMA, providing robust client protection. While it does not offer a public financial statement or bank license, FXTM ensures segregated client funds and negative balance protection.
Founded in 2012, FXTM is a well-established broker with significant web traffic and user popularity, making it a reliable choice for traders.
Trading Platforms - Mobile, Desktop, Automated
| Platform | Desktop | Mobile | Web | Automated Trading |
|---|---|---|---|---|
| MetaTrader 4 | Yes | Yes | Yes | Yes (MQL4, relatively easy to learn) |
| MetaTrader 5 | Yes | Yes | Yes | Yes (MQL5, more advanced than MQL4) |
FXTM offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop, mobile, and web trading. These platforms are renowned for their robust charting tools, technical analysis capabilities, and support for automated trading through Expert Advisors (EAs).
MT4 uses MQL4 programming language, which is relatively easy to learn and widely supported. MT5, on the other hand, uses MQL5, which is more advanced and offers additional features such as depth of market and more sophisticated order management.
What Can you Trade?
| Asset Class | Number of Instruments |
|---|---|
| Forex CFD | 60+ |
| Crypto CFD | 11 |
| Stock CFD | 790+ |
| Stock Index CFD | 11 |
| Commodities CFD | 8 |
| ETFs | - |
| Shares | 700+ |
| Futures CFD | - |
FXTM offers a broad range of tradable instruments across multiple asset classes, including over 60 forex CFDs, 11 crypto CFDs, 790+ stock CFDs, 11 stock index CFDs, 8 commodities CFDs, and over 700 individual shares. Traders can access these instruments through CFD trading, which allows for leverage and short-selling but does not involve ownership of the underlying assets.
This can be advantageous for speculating on price movements with lower capital requirements but also comes with higher risk due to leverage. For a detailed list of available instruments, visit the FXTM website.
Available Leverage
FXTM offers varying leverage levels depending on the regulatory jurisdiction and the type of instrument. Under the UK FCA, the maximum leverage for retail clients is 30:1. In Mauritius, clients can access leverage up to 2000:1, while in Kenya, the maximum leverage is 400:1.
It is important to note that higher leverage increases both potential returns and risks, and traders should use leverage cautiously.
Prohibited Countries
FXTM cannot open client accounts for residents of certain countries due to regulatory restrictions. These prohibited countries include the USA, Japan, Canada, and a few others. For a complete list of prohibited countries, please refer to the FXTM official website.
FXTM (Forextime) Account types
| Advantage | Advantage Plus | |
| Commission | $4.0-$20 Per 1 Million USD Traded | - |
| Maximum leverage | 2000:1 | |
| Mobile Platform | MT4 Mobile | |
| Trading platform | MT4, MT5, WebTrader | |
| Spread Type | Variable Spread | |
| Minimum Deposit | 500 | |
| Minimum Trade Size | 0.01 | |
| Trailing Stops | | |
| Scalping Allowed | | |
| Hedging Allowed | | |
| Islamic Accounts | | |
| Advantage | |
| Commission | $4.0-$20 Per 1 Million USD Traded |
| Maximum leverage | 2000:1 |
| Typical Spread | 0.5-0.8 |
| Trading platform | MT4MT5WebTrader |
| Mobile platform | MT4 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 500 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| Advantage Plus | |
| Maximum leverage | 2000:1 |
| Typical Spread | 1.5 |
| Trading platform | MT4MT5WebTrader |
| Mobile platform | MT4 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 500 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
FXTM (Forextime) Web traffic
Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.
| Websites |
forextime.com
|
| Organic monthly visits | 600,992 (99%) |
| Organic traffic rank | 42 out of 907 (Forex Brokers) |
| Paid monthly visits | 4,610 (1%) |
| Total monthly visits | 605,602 |
| Bounce rate | 48% |
| Pages per visit | 3.49 |
| Average visit duration | 00:01:56.0290000 |
FXTM (Forextime) Profile
| Company Name | ForexTime Limited / Exinity UK Limited / Exinity Limited |
| Categories | Forex Brokers, Forex Rebates |
| Primary Category | Forex Brokers |
| Year Founded | 2012 |
| Headquarters | Cyprus |
| Office Locations | Cyprus, Mauritius, United Kingdom |
| Account Currency | EUR, GBP, USD, NGN |
| Support Languages | Arabic, English, French, Hindi, Indonesian, Italian, Korean, Malay, Polish, Russian, Spanish, Thai, Vietnamese, Urdu, Czech, Farsi |
| Funding Methods | Bank Wire, Credit/Debit Card, FasaPay, Neteller, Perfect Money, QIWI Wallet, Skrill, Yandex, Webmoney, Dotpay |
| Financial Instruments | Forex, Shares, Indices, Oil/Energies, Metals, Soft Commodities (coffee, sugar...) |
| Prohibited Countries | Iran, United States |
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread
FXTM (Forextime) User reviews
)
Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.
We display the reviews we reject as spam or vote fraud. Not all rejected reviews are displayed, for example reviews advertising a website or service.
FXTM (Forextime) Cashback rebates
| Advantage | Advantage Plus | |
| Forex | 22% Of Commissions Paid | $7.00 Per Lot |
| Metals | 22% Of Commissions Paid | $7.00 Per Lot |
| Shares / Equities | 8.80% Of The Spread | 14% Of The Spread |
| Indices | 22% Of Commissions Paid | $1.05 Per Lot |
| Soft commodities (coffee,sugar...) | 22% Of Commissions Paid | $7.00 Per Lot |
| Payment Options |
Monthly Cash Back
| |
| Advantage | |
| Forex | 22% Of Commissions Paid |
| Metals | 22% Of Commissions Paid |
| Shares / Equities | 8.80% Of The Spread |
| Indices | 22% Of Commissions Paid |
| Soft commodities (coffee,sugar...) | 22% Of Commissions Paid |
| Payment Options |
Monthly Cash Back
|
| Advantage Plus | |
| Forex | $7.00 Per Lot |
| Metals | $7.00 Per Lot |
| Shares / Equities | 14% Of The Spread |
| Indices | $1.05 Per Lot |
| Soft commodities (coffee,sugar...) | $7.00 Per Lot |
| Payment Options |
Monthly Cash Back
|
Notes
- Positions open less than 1 minute
- Stocks Account
- Accounts registered with: CySEC, South Africa FSCA entities
What are FXTM (Forextime) rebates?
Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.
How do FXTM (Forextime) rebates work?
When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.
How much FXTM (Forextime) rebates can I earn?
FXTM (Forextime) Regulation / Money Protection
| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| Exinity UK Ltd |
|
up to £85,000
|
|
|
30 : 1 | |
| Exinity Limited |
|
|
|
|
2000 : 1 | |
| Exinity Capital East Africa Ltd |
|
|
|
|
400 : 1 |
FXTM (Forextime) Promotions
FXTM (Forextime) Symbols
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