ForexTime (FXTM) Review
Best for: Traders in Africa and Asia wanting local support
A globally regulated broker with a strong presence in Africa and Asia, offering a very low-cost micro account alongside commission-based ECN-style accounts.
Key facts
- Minimum deposit
- $100
- Spread from
- 0.0 pips (Advantage account, plus commission)
- Regulation
- FCA (UK), CySEC (Cyprus), FSCA (South Africa)
- Platforms
- MetaTrader 4, MetaTrader 5
- Account types
- Micro, Advantage, Advantage Plus, Demo
- Markets
- Forex, Indices, Commodities, Shares CFDs, Metals
Pros & cons
Pros
- Very low minimum deposit on Micro account
- Regulated across multiple major jurisdictions
- Strong regional support and local payment methods
Cons
- Wider spreads on entry-level accounts
- Commission applies on Advantage accounts
Fees and spreads
Advantage and Advantage Plus accounts charge a per-lot commission with tighter spreads; Micro accounts are spread-only. Confirm current pricing with FXTM.
Deposits and withdrawals
Wide range of regional payment methods including bank transfer, cards and e-wallets. Confirm fees and processing times with the broker.
Customer support
Regional support teams across multiple languages.
Education
Extensive educational content including webinars and market analysis.
Who this broker may suit
May suit traders who want a globally regulated broker with strong regional support and a low entry deposit.
Final assessment
A well-regulated, established option with broad regional reach. Confirm current terms and licence details with the broker.
Frequently asked questions
Is ForexTime (FXTM) regulated?
FXTM operates under multiple regulatory entities depending on your region. Confirm which entity applies to you and check its licence on the regulator's register.