FXTM review 2019

Is FXTM a good broker?

This may be an excellent broker for traders who want a variety of trading instruments, low spreads and the option to copy trades.

Spread

Account minimum

Regulation

Accepting US citizens

Minimum 0.1 pips on EUR/USD on ECN accounts
$10 for cent account
$100 for standard and shares accounts
$200 and more for ECN accounts
CySEC
FSCA
FCA
FSC
No

Forex Time, commonly known as FXTM, is a solid broker regulated in multiple countries. It offers forex and CFDs in the form of cryptocurrencies, commodities, indices and more. All instruments come with relatively low spreads and you can trade them from a variety of trading platforms.

FXTM accepts multiple deposit options, including credit cards, wire transfer, Neteller, Skrill and more. And if you refer a friend, you both get a $50 bonus.

What kind of trading platforms does FXTM offer?

FXTM offers Meta Trader 4, Meta Trader 5, Web Trader and mobile trading apps.

Standout features

  • Low spread. Standard account EUR/USD spreads start from 0.3 pips. ECN accounts have even lower spreads from 0.1 pips.
  • Social trading. You can copy traders with FXTM or you can become an investor and other traders can copy you. This can be an additional source of income if you become a popular investor.
  • Trading instruments. Trade Forex and CFDs including stocks, commodities, cryptocurrencies and indices.
  • Deposit options. You can deposit in a variety of ways, like credit cards, wire transfer, Neteller, Skrill and more.
  • Islamic accounts. Get swap-free accounts if your religion forbids earning or paying interest.
  • Minimum deposit. You can test the platform with a cent account for a $10 minimum deposit. Standard accounts come with a minimum deposit of $100, while ECN accounts start at $200.

Watch out

  • Research. FXTM lacks decent research materials. But you can always use another source of research data and use FXTM to trade.

What can I trade with FXTM?

  • Currencies
  • Cryptocurrencies
  • Copy trading
  • Indices
  • Commodities

How do I signup with FXTM?

  1. Go to FXTM website.
  2. Click Open Account.
  3. Sign up.
  4. Fund your account.

Bottom line

If you're looking for a broker with low spreads, low minimum deposit and a variety of trading instruments, you may find FXTM to be a solid choice. Also, you can copy trades or become an investor.