Written by Angelo Martins
Fact checked by Evelina Laurinaityte
Human moderated by Jason Peterson
Last updated mayo, 2024

FXTM (Forextime) Overall rating

4,1
Clasificado 24 de1103 (Corredores de Forex)
La calificación general deriva de del agregado de calificaciones en múltiples categorías.
Clasificación Peso
Calificación de Usuario 3
Popularidad
3,0
3
Regulación
5,0
2
Calificación de Precios
4,6
1
Características
Sin calificar
1
Atención al Cliente
Sin calificar
1

Pros

  • Highly regulated across multiple jurisdictions
  • High user rating of 4.3 out of 5
  • Segregated client funds
  • Wide range of tradable instruments
  • Competitive spreads and costs
  • Established broker with over 10 years in business
  • High organic web traffic

Cons

  • High negative swap rates
  • Privately owned, not publicly traded
  • No investor compensation scheme in some jurisdictions

We tested FXTM (forextime.com) using real-money live accounts

Trustworthiness & Regulation

FXTM, also known as ForexTime, is a well-established broker founded in 2012. It is highly regulated across multiple jurisdictions, including Cyprus (CYSEC), the United Kingdom (FCA), Mauritius (FSC), and South Africa (FSCA). This broker has received 44 user reviews, with 41 from verified real trading accounts, achieving a high user rating of 4.3 out of 5. FXTM is ranked 25th out of 1103 forex brokers based on user ratings and 23rd based on expert ratings. Despite being privately owned and not publicly traded, FXTM maintains segregated client funds and offers a wide range of tradable instruments. However, it is important to remember that even highly regulated and successful financial firms have failed in the past.

Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
Forextime Limited up to €20,000 30 : 1
Exinity UK Ltd up to £85,000 30 : 1
Exinity Limited 2000 : 1
ForexTime Ltd 30 : 1

Deposit Insurance

FXTM supports various deposit insurance and investor compensation programs under its regulatory frameworks. For instance, under Cyprus CYSEC regulation, clients are protected by the Investor Compensation Fund (ICF) with coverage up to €20,000. In the United Kingdom, the Financial Services Compensation Scheme (FSCS) offers protection up to £85,000. These schemes compensate investors if the broker fails, providing an added layer of security for clients' funds. However, in other jurisdictions like Mauritius and South Africa, FXTM does not offer a specific deposit compensation scheme.

Spreads and Costs

When it comes to spreads and costs, FXTM offers competitive rates. Compared to market-leading brokers, FXTM's average spreads for forex, indices, and commodities are in line with industry standards. This ensures that traders can execute trades at reasonable costs, making FXTM a cost-effective choice for various trading strategies.

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 - 2.62 - 0.12
FXTM - Advantage - 2.7 - 0.13
Axi - PRO 13.67 1.22 1.55 0.07
IC Markets - Raw Spread 9.97 1.22 1.02 0.07
Tickmill - ECN PRO 9.25 1.44 1.74 0.11
IC Markets - Standard 10.09 1.49 1.05 0.09
Pepperstone - Standard 9.85 1.65 2.14 0.08
Tickmill - Classic 8.33 2.07 1.65 0.15
Axi - Standard 14.78 2.23 1.54 0.13
FxPro/FxPro UK - 2.37 3.3 -
XM Group - Standard 39.34 2.49 3.8 -

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) and that 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 US30 AUS200 XAUUSD XAGUSD
FXTM - Advantage Plus - - 0.46 1.08 5.34 1.41 4.94 2.48 - 3.52 0.21 0.03
FXTM - Advantage - - 0.83 1.68 4.8 1.59 4.43 2.87 2.07 - 0.24 0.03
Axi - PRO 25.03 2.3 0.54 1.31 1.84 0.72 1.44 1.46 2 1.1 0.13 0.02
IC Markets - Raw Spread 16.95 3 0.7 1.16 1.56 0.82 1.71 1.38 0.92 1.12 0.12 0.02
Tickmill - ECN PRO 17.19 1.31 0.55 1.32 2.63 0.64 1.85 1.68 2.26 1.22 0.21 0.01
IC Markets - Standard 17.19 3 0.88 1.14 2.12 1.35 1.84 1.6 0.92 1.18 0.16 0.02
Pepperstone - Standard 16.71 3 1.05 1.3 2.31 1.31 2.2 1.73 2.73 1.56 0.15 0.02
Tickmill - Classic 15.43 1.24 1.63 1.92 2.38 1.69 2.51 2.32 2.09 1.2 0.28 0.02
Axi - Standard 27.22 2.33 1.41 2.16 3.15 1.56 2.56 2.52 1.98 1.09 0.22 0.03
FxPro/FxPro UK - - 1.27 1.49 3.22 1.46 3.59 3.22 2.51 4.1 - -
XM Group - Standard 73.74 4.94 1.29 2.06 4.02 2.37 2.91 2.31 4.18 3.42 - -

Swap Rates/Financing Fees

Swap rates, also known as financing fees, are the costs or payouts associated with holding a position overnight. Positive swap rates pay out money, while negative swap rates cost money. FXTM has higher negative swap rates compared to some of the leading brokers, which can increase the cost of holding positions overnight.

Broker USDJPY Swap Short USDJPY Swap Long NZDUSD Swap Short NZDUSD Swap Long XAUUSD Swap Short XAUUSD Swap Long Average Rank
FXTM -30.31 3.21 -1.29 -1.6 20.52 -39.3 -8.13 Worst
IC Markets -2.59 1.25 -0.10 -0.14 20.78 -32.84 -2.27</td > Best
Axi -2.65 1.40 -0.04 -0.13 15.30 -33.00 -3.19 -
Pepperstone -2.61 1.22 -0.14 -0.13 23.75 -40.25 -3.03 -
XM -3.66 1.09 -0.16 -0.20 19.67 -46.99 -5.04 -
FxPro -2.99 0.94 -0.14 -0.15 18.50 -43.75 -4.60 -

Does FXTM Offer Islamic/Swap-free Accounts?

Islamic or swap-free accounts are designed for traders who cannot receive or pay interest due to religious reasons. FXTM offers swap-free accounts, which allow traders to trade without incurring swap or rollover charges on overnight positions. These accounts are available upon request and require traders to provide relevant documentation to prove their eligibility for a swap-free account. This makes FXTM a viable option for traders looking to comply with Islamic finance principles.

Other Fees

In addition to spreads, commissions, and swap rates, FXTM charges some other fees that traders should be aware of. These include withdrawal fees and inactivity fees. Withdrawal fees vary depending on the method used, with some methods incurring higher fees than others. Inactivity fees are charged if an account is inactive for a certain period, typically six months. It is important for traders to review these fees on the broker's website to avoid unexpected charges.

Fee Type Amount
Withdrawal Fee (Bank Transfer) $30
Withdrawal Fee (Credit/Debit Card) 2%
Inactivity Fee $5/month

Comparison to other Brokers

FXTM is a well-established broker with over 10 years in business. It is highly regulated and offers a wide range of tradable instruments. Compared to industry leaders like IC Markets, Axi, and Pepperstone, FXTM offers competitive spreads and a comprehensive trading platform. However, it has higher negative swap rates, which can increase the cost of holding positions overnight. Overall, FXTM is a reliable choice for traders looking for a regulated broker with a diverse range of instruments and competitive spreads.

What Can you Trade?

Asset Class Number of Instruments
Forex CFD 62
Crypto CFD 4
Stock CFD 172
Indices CFD 11
Commodities CFD 3
Bond CFD -
Futures CFD -

FXTM offers trading in CFDs (Contracts for Difference) across a variety of asset classes, including forex, cryptocurrencies, stocks, indices, and commodities. CFDs allow traders to speculate on the price movements of assets without owning the underlying asset. This enables traders to use leverage, amplifying both potential gains and losses. However, trading CFDs also involves higher risks due to leverage, and it is important to understand these risks before trading. For more information on the individual instruments offered by FXTM, visit their trading instruments page.

Trading Platforms - Mobile, Desktop, Automated

Platform Available On
MetaTrader 4 Desktop, Mobile, Web
MetaTrader 5 Desktop, Mobile, Web

FXTM offers the popular MetaTrader 4 and MetaTrader 5 platforms for trading. These platforms are available on desktop, mobile, and web, providing flexibility for traders to access their accounts from various devices. MetaTrader platforms are known for their advanced charting capabilities, automated trading features, and a wide range of technical indicators. Both platforms support automated trading through Expert Advisors (EAs), which can be programmed using the MQL4 and MQL5 languages. These platforms offer robust trading tools and customization options, making them suitable for both novice and experienced traders.

Available Leverage

FXTM offers varying leverage depending on the instrument and the regulatory entity through which the client is trading. For retail clients under the UK FCA and Cyprus CYSEC regulations, the maximum leverage is 30:1. In contrast, clients trading under the Mauritius FSC regulation can access leverage up to 2000:1. Leverage allows traders to control larger positions with a smaller amount of capital, increasing both potential profits and risks. It is crucial for traders to understand the implications of using high leverage and to use it judiciously.

Prohibited Countries

FXTM cannot open client accounts for residents of certain countries due to regulatory restrictions. These countries include the United States, Canada, Japan, and several others. It is important for potential clients to check the broker's website for a complete list of prohibited countries before attempting to open an account.

FXTM (Forextime) Tipos de Cuenta

  Cuenta Cent Cuenta ECN Cuenta ECN Zero
Comisión-4,0 $-20 $ Por un millón de USD comerciados-
Apalancamiento Máximo1000:12000:1
Plataforma MóvilMT4 Mobile
Plataforma de negociosMT4, WebTraderMT4, MT5, WebTrader
Tipo de SpreadVariable Spread
Depósito Mínimo10500
Volúmen mínimo de transacción0,01
Trailing Stops
"Scalping" Permitido
"Hedging" permitido
Cuentas Islámicas
  Cuenta Cent
Apalancamiento Máximo 1000:1
Spread típico 2,0 - 2,4
Plataforma de negocios MT4WebTrader
Plataforma móvil MT4 Mobile
Tipo de Spread Variable Spread
Depósito mínimo 10
Volúmen mínimo de transacción 0,01
Trailing Stops
"Scalping" Permitido
"Hedging" permitido
Cuentas Islámicas
  Cuenta ECN
Comisión 4,0 $-20 $ Por un millón de USD comerciados
Apalancamiento Máximo 2000:1
Spread típico 0,5-0,8
Plataforma de negocios MT4MT5WebTrader
Plataforma móvil MT4 Mobile
Tipo de Spread Variable Spread
Depósito mínimo 500
Volúmen mínimo de transacción 0,01
Trailing Stops
"Scalping" Permitido
"Hedging" permitido
Cuentas Islámicas
  Cuenta ECN Zero
Apalancamiento Máximo 2000:1
Spread típico 1,5
Plataforma de negocios MT4MT5WebTrader
Plataforma móvil MT4 Mobile
Tipo de Spread Variable Spread
Depósito mínimo 500
Volúmen mínimo de transacción 0,01
Trailing Stops
"Scalping" Permitido
"Hedging" permitido
Cuentas Islámicas

FXTM (Forextime) Tráfico web

Sitios web
forextime.com
Visitas orgánicas mensuales 700.552 (98 %)
Rango de tráfico orgánico 38 de 1103 (Corredores de Forex)
Visitas mensuales pagadas. 13.317 (2 %)
Visitas totales mensuales 713.869
Tasa de rebote 50 %
Páginas por visita 3,02
duración promedio de visitas 00:03:22.8180000

FXTM (Forextime) Perfil

Nombre de la Compañía ForexTime Limited / Exinity UK Limited / Exinity Limited
Categorías Corredores de Forex, Forex Rebates
Categoría primaria Corredores de Forex
Año de Fundación 2012
Oficinas Centrales Chipre
Ubicaciones de Oficinas Chipre, Isla mauricio, Reino Unido
Divisa de cuenta EUR, GBP, USD, NGN
Idiomas de Soporte Arábica, chino, Inglés, francés, hindi, indonesio, italiano, coreano, malayo, polaco, ruso, Español, tailandés, vietnamita, Urdu, checo, Farsi
Métodos de Depósito Bank Wire, Credit/Debit Card, FasaPay, Neteller, Perfect Money, QIWI Wallet, Skrill, Yandex, Webmoney, Dotpay
Instrumentos Financieros Forex, Acciones, Índices, Petróleo/Energía, Metales, Mercancías Blandas (Café, Azúcar…)
Soporte las 24 horas
Cuentas Segregadas
Cuentas Islámicas
Acepta Clientes Canadienses
Acepta Clientes Japoneses
Cuenta demo sin expiración
API de comercialización
Cuentas Centavo
Protección de balance negativo
Social trading
Regulación de seguro de depósitos
Trailing stops
Promociones
Intereses por margen
Spreads fijos
Spreads variables

FXTM (Forextime) Reseñas de usuarios

4,3
(44 )
Clasificado 25 de1103 (Corredores de Forex)
Esta calificación se basa en 41 reseñas de usuarios que demostraron ser clientes reales de esta empresa. Todas las reseñas son sometidas a una importante moderación humana y técnica. Las empresas que obtienen Más de 30 reseñas de revisores verificados son calificadas sólo según sus calificaciones de revisores verificados, y obtienen una marca de verificación verde según su calificación.

Las calificaciones de usuarios más recientes tienen un mayor impacto que las calificaciones más antiguas, y no tienen ningún impacto después de más de 5 años. Cuantas más reseñas reciba una empresa, mayor será la calificación agregada máxima posible de los usuarios. Después de 100 reseñas, una empresa puede recibir la calificación más alta, la cual es un promedio de las calificaciones de sus usuarios.

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FXTM (Forextime) Regulaciones / Protección del dinero

5,0
Compañía Licencias y Normativas Dinero de Cliente Segregado Fondo de compensación de depósitos Protección de saldo negativo Reembolsos Apalancamiento máximo para clientes retail
Forextime Limited hasta 20.000 € 30 : 1
Exinity UK Ltd hasta 85.000 £ 30 : 1
Exinity Limited 2000 : 1
ForexTime Ltd 30 : 1

FXTM (Forextime) Promociones