FXTM (ForexTime) Review 2026
FXTM is a regulated forex and CFD broker with FCA, FSCA, FSC Mauritius and CMA Kenya entities, plus copy-trading style investment features.
- 72 / 100
- Compliant
- United Kingdom
- FCA
- CMA Kenya
- FSCA
- FSC Mauritius
- Min. Deposit
- $500
- Max. leverage
- 1:2000
- Spread From
- 0.0 pip
- Commission
- $7/lot
- Trading platforms
- MetaTrader 4, MetaTrader 5 and FXTM Invest-style copy trading where available.
Key features
- MT4/MT5 account coverage
- Copy-trading style investment features
- Raw-spread account options
- Regional support across Europe, Africa and MENA
Regional coverage
FXTM has a strong footprint in the UK, Africa and MENA. Product access and leverage depend heavily on the onboarding entity.
Investor protection
The FCA entity provides a stronger compensation framework; FSCA, FSC Mauritius and CMA Kenya protections differ by region. ForexTime Ltd's CySEC licence was withdrawn in May 2024.
Licenses and Legal Entities
Match the legal entity and license number below against the account agreement before you deposit.
Trading conditions
- Min. Deposit
- $500
- Spread From
- 0.0 pip Raw
- Commission
- $7/lot
- Max. leverage
- 1:2000
- Islamic
- Yes
- Trading platforms
- MetaTrader 4, MetaTrader 5 and FXTM Invest-style copy trading where available.
Spreads shown are minimum values from the lowest-spread account type. Actual spreads vary by account, instrument, and market conditions. Islamic (swap-free) account availability may depend on your region and entity. Always verify directly with the broker.
8-pillar score
Weighted /100
Pros
- Holds at least one tier-1 licence (FCA, ASIC, CySEC, DFSA, CFTC/NFA or FMA).
- Multiple legal entities are documented, so you can match the company in the client agreement.
- Advertises raw / 0.0-pip pricing on at least one account path.
- Islamic / swap-free accounts are published as available in supported regions.
- Both MetaTrader 4 and MetaTrader 5 are listed.
Cons
- At least one offshore entity is in the group. Protection and leverage follow that company, not the brand name.
Usually not for
- Traders who will only execute from TradingView.
- US residents who need a CFTC/NFA retail forex broker.
How do I choose a licensed forex broker?
Choose the entity licensed where you live — FCA (UK), CySEC (EU), ASIC (Australia) or DFSA (Dubai/Gulf) — and match its license number to the client agreement before you deposit.
Detailed explanation
A brand is not a license. Compensation, leverage caps and complaints follow the company that opens the account. CySEC covers the EEA (Cyprus ICF). FCA sits under UK rules and the FSCS. ASIC serves Australian retail clients. DFSA serves the DIFC. Offshore entities such as FSA Seychelles or FSC Belize sit outside those schemes.
Example
A UK account under an FCA-authorised company can use the Financial Ombudsman and, if the firm fails, the FSCS (up to £85,000). The same brand’s Seychelles entity would not.
Common mistake
Treating a CySEC, FCA or ASIC logo on a landing page as proof that your account is covered. Many groups onboard international clients through an offshore company. If the agreement names that company, the EU, UK or Australian compensation scheme does not apply.
Professional tip
Search the official register by license number, not only by brand. Confirm the status is authorised or active, that forex or CFDs are listed, and that the legal name matches the agreement before the first deposit.