The verdict in 30 seconds
FXTM (ForexTime) is a globally recognized forex broker serving traders in over 150 countries. Known for strong educational content in Arabic and dedicated MENA regional support. Offers flexible account types from micro to ECN with competitive trading conditions.
FXTM holds register-verified licences up to Tier 2, offers MT4, MT5, FXTM Trader, spreads from 0 pips, and leverage up to 1:2000.
Best for: An approved suitability assessment is not available.
Look elsewhere if: Limited range of instruments compared to larger brokers
Regulation & licensing
Each row shows its evidence status. «Verified on the regulator register» means ForexEF read the regulator's public register on the date shown; other rows are as disclosed by the company and remain under review. Licence status can change: check the regulator's register before opening an account.
| Regulator | Full name | Jurisdiction | License number | Tier | Evidence | Status |
|---|---|---|---|---|---|---|
| CySEC | Cyprus Securities and Exchange Commission | Cyprus | 185/12 | Tier 1 | Verified on the regulator register (12 Oct 2026)Voluntarily renounced (CySEC register). | Renounced |
| FSCA | Financial Sector Conduct Authority | South Africa | 50320 | Tier 2 | Verified on the regulator register (2 Sep 2026)46614 belongs to FOREXTIME LTD, whose authorisation lapsed in Feb 2024; Exinity Limited holds FSP 50320. | Active |
Accounts, spreads & leverage
The spread band is not established by an approved account-specific review. Maximum leverage depends on the account and regulating entity.
| Account | Minimum | EUR/USD spread | Commission / lot | Execution | Leverage | Swap-free |
|---|---|---|---|---|---|---|
| Micro | $10 | 1.5 pips | 0 | Market Maker | 1:2000 | — |
| Advantage | $500 | 0 pips | 4 | ECN | 1:2000 | — |
| Advantage Plus | $500 | 0.5 pips | 0 | STP | 1:2000 | — |
| Islamic (Advantage) | $500 | 0 pips | 4 | ECN | 1:2000 | ✓ |
Deposits & withdrawals
Withdrawal timing: not established by an approved withdrawal-specific review
| Method | Deposit fee | Withdrawal fee | Processing | Currencies |
|---|---|---|---|---|
| Bank Wire | Free | Free | 1-3 business days | USD,EUR,GBP |
| Visa/Mastercard | Free | Free | Instant | USD,EUR,GBP |
| Skrill | Free | Free | Instant | USD,EUR |
| Neteller | Free | Free | Instant | USD,EUR |
Trading platforms
Islamic account & our Sharia checklist
Swap-free account: Available.
A swap-free label is not the same as a Sharia-compliance verdict. Check that no overnight interest is charged under another name, replacement fees are fixed rather than interest-linked, leverage terms are understood, and the exact contract is reviewed.
Our factual note: Account-specific swap-free terms have not been editorially approved. Verify the contract and fees; this is not a religious ruling.
Who FXTM is for
An approved suitability assessment is not available.
- Excellent Arabic educational content and webinars
- ECN account with raw spreads from 0.0 pips
- Low minimum deposit ($10 for Micro)
- Dedicated MENA regional offices
Who should look elsewhere
No broker fits everyone. Consider another option if the following limitations matter to you.
- Limited range of instruments compared to larger brokers
- No cTrader or TradingView
Frequently asked questions
Is FXTM regulated?
FXTM's licences with FSCA (50320) were checked on the regulators' public registers (2 Sep 2026). See the licence table for details.
What is the minimum deposit at FXTM?
The disclosed minimum deposit starts from $10.
Does FXTM offer an Islamic account?
FXTM advertises a swap-free account. This does not constitute a halal or Sharia-compliance verdict; verify its fees and terms.
What platforms does FXTM support?
FXTM supports MT4, MT5, FXTM Trader.
What is the maximum leverage at FXTM?
The disclosed maximum leverage is up to 1:2000, subject to account and regulator.
How long do withdrawals take at FXTM?
not established by an approved withdrawal-specific review
Reviews are independent and informational, not investment advice. Trading carries high risk. Regulatory status and terms can change. Editorial review date not recorded.
