FXTM Review 2026
Best entry point for MetaTrader. Emerging market focus.
Very low $10 minimum deposit and MetaTrader on all accounts. Copy trading available. High leverage offshore. Primarily serves emerging markets.
The basics
FXTM was founded in 2011 and is headquartered in Limassol, Cyprus. It is privately owned. The broker offers CFDs on 1,000 instruments across forex, indices, commodities, and crypto. All positions are contracts for difference — there is no real asset ownership.
MetaTrader is available on all account types. Copy trading lets you replicate the positions of other traders automatically.
| Founded | 2011 |
| Headquarters | Limassol, Cyprus |
| Instruments | 1,000+ |
| Platforms | MT4, MT5 |
| MetaTrader | Yes — MT4 and MT5 |
| Copy trading | Yes |
| Real stocks | No — CFDs only |
Is FXTM safe?
CySEC-regulated brokers must keep client funds segregated, provide negative balance protection under ESMA rules, and contribute to the Investor Compensation Fund (ICF), which covers up to €20,000 per client.
| Regulator | Licence | Entity |
|---|---|---|
| CySEC | 185/12 ✓ | Forextime Ltd |
| FCA | 777911 ✓ | Forextime UK Ltd |
| FSCA | 46614 ✓ | Forextime South Africa |
| CMA | 2610 ✓ | Forextime Kenya |
| FSC | GB19425494 ✓ | Exinity Ltd |
You can verify the CySEC licence at www.cysec.gov.cy. The registration shows the entity name, authorisation status, and full permissions list. It takes under a minute.
FXTM spreads
These are the typical spreads on FXTM's standard account. Spreads vary by market conditions and account type. ECN or raw-spread accounts offer lower spreads in exchange for a per-trade commission.
| EUR/USD | 1.5 (std) / 0.1 (ecn) pips |
| GBP/USD | 1.7 pips |
| USD/JPY | 1.6 pips |
| Gold (XAU/USD) | 30c/oz |
| S&P 500 | 0.5pt |
FXTM's EUR/USD spread of 1.5 (std) / 0.1 (ecn) pips is wider than ECN-first brokers but typical for a commission-free account.
FXTM withdrawal fee and processing time
Fee: None. FXTM does not charge withdrawal fees.
Processing time: Same day to 3 business days. E-wallets are processed same day. Bank transfers take 2 to 3 days.
Withdrawal requests must pass identity verification before processing. If your account is not yet fully verified (proof of identity and address submitted), expect additional delays. Verified accounts follow the standard processing times above.
FXTM minimum deposit by entity
The minimum deposit depends on which FXTM entity serves your country. Offshore entities often allow lower minimums but with less regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| Forextime Ltd | CySEC 185/12 | $10 | 1:30 |
| Forextime UK Ltd | FCA 777911 | $10 | 1:30 |
| Forextime South Africa | FSCA 46614 | $10 | 1:400 |
| Forextime Kenya | CMA 2610 | $10 | 1:400 |
| Exinity Ltd | FSC GB19425494 | $10 | 1:2000 |
FXTM vs XM
| FXTM | XM | |
|---|---|---|
| Primary regulator | CySEC 185/12 | CySEC 120/10 |
| Min deposit | $10 | $5 |
| EUR/USD spread | 1.5 (std) / 0.1 (ecn) pips | 1.6 (std) / 0.1 (ultra-low) pips |
| MetaTrader | Yes | Yes |
| Instruments | 1,000+ | 1,400+ |
| Copy trading | Yes | No |
| Withdrawal fee | None | None |
Both brokers are regulated and legitimate. FXTM suits traders who value copy trading and social features. XM is better for traders who prioritise its specific regulated entity coverage.
Regulation — the numbers that matter
| CySEC | 185/12 — Forextime Ltd |
| FCA | 777911 — Forextime UK Ltd |
| FSCA | 46614 — Forextime South Africa |
| CMA | 2610 — Forextime Kenya |
| FSC | GB19425494 — Exinity Ltd |
Leverage for retail clients in the EU and UK is capped at 1:30 on major forex pairs under ESMA rules. The offshore entity offers up to 1:2000, but with lighter regulatory protection.
Pros and Cons
What works
- CySEC and FCA regulated
- $10 minimum deposit
- MetaTrader 4 and 5
- Copy trading available
- 1,000+ instruments
- Competitive spreads from 0.1 pips
What does not work
- Not available in AU, NZ, JP, SG
- High offshore leverage can be dangerous
- Narrower instrument list
- $5 inactivity fee after 6 months
The verdict
FXTM is a legitimate, regulated broker. The CySEC licence number 185/12 is verifiable on the public register. It is best suited for social and copy traders. Rating: 3.9 out of 5.
Alternatives to FXTM
If FXTM does not fit your needs, these regulated alternatives are worth comparing:
Frequently asked questions
Is FXTM safe?
CySEC-regulated brokers must keep client funds segregated, provide negative balance protection under ESMA rules, and contribute to the Investor Compensation Fund (ICF), which covers up to €20,000 per client. FXTM holds CySEC licence 185/12, which is publicly verifiable on the official register.
What is the FXTM minimum deposit?
The minimum deposit is $10. This applies to the main regulated entity. Some offshore entities may differ. See the entity table above for full breakdown.
What is the FXTM EUR/USD spread?
The EUR/USD spread on FXTM standard accounts is typically 1.5 (std) / 0.1 (ecn) pips. Spreads vary with market conditions. ECN or raw accounts offer lower spreads with a per-trade commission instead.
How long does FXTM take to process withdrawals?
Same day to 3 business days. E-wallets are processed same day. Bank transfers take 2 to 3 days.
Does FXTM charge withdrawal fees?
None. FXTM does not charge withdrawal fees.
Does FXTM have MetaTrader?
Yes. FXTM supports both MT4 and MT5 on all account types. This allows automated trading, custom indicators, and expert advisors.