FXTM Review 2027 Fees, Features and Safety

This FXTM review for 2027 looks at the Limassol, Cyprus-based forex broker, founded in 2011, and covers its 4 listed regulators, the $200 minimum deposit, leverage of up to 1:3000 and trading platforms, so you can decide whether it fits the way you trade.

FXTM overview (2027)

FXTM, short for ForexTime, is an international forex and CFD broker founded in 2011. It is part of the Exinity Group, which is led by Andrey Dashin, a well-known figure in the retail forex industry who is also associated with the Alpari brand. FXTM has opened accounts for more than a million clients in over 150 countries and is one of the most recognised brokers in Africa, particularly in Nigeria, as well as in parts of Asia.

Regulation

FXTM operates through several entities. Exinity UK Ltd is authorised by the Financial Conduct Authority. Exinity Limited is regulated by the Financial Services Commission of Mauritius and serves most of the broker's international retail clients. The group also holds a licence from the Capital Markets Authority of Kenya and is an authorised financial services provider in South Africa.

FXTM previously held a Cyprus licence for the European Union and no longer serves EU retail clients through it. Most traders today will be onboarded under the Mauritius entity, which offers high leverage and fewer statutory protections than UK regulation. FXTM states that it segregates client funds and provides negative balance protection.

Account types

FXTM simplified its accounts into the Advantage range.

Advantage: raw spreads from 0.0 pips on major pairs with a commission that depends on your trading volume and equity, averaging between roughly $0.40 and $2 per lot per side. For active traders this can be very inexpensive.

Advantage Plus: no commission, with spreads from about 1.5 pips.

Advantage Stocks: for trading US shares.

The minimum deposit is $200. Swap-free accounts are available. FXTM applies a withdrawal fee on some payment methods and charges $5 a month for inactivity after six months.

Execution

FXTM uses market execution and publishes data on its order speeds, stating that the large majority of trades are filled in milliseconds. It allows expert advisors, scalping and hedging. Trading servers are located in major data centres, and a VPS can be arranged for automated strategies.

Platforms

The broker supports MetaTrader 4 and MetaTrader 5 on desktop, web and mobile. It also offers the FXTM Trader app, a proprietary mobile application for account management and trading. There is no cTrader or TradingView integration, so platform choice is narrower than at some rivals.

FXTM Invest

FXTM Invest is the broker's copy trading programme. Investors choose a strategy manager from a ranked list, deposit a minimum amount, and the manager's trades are copied proportionally into the investor's account. Managers are paid a share of profits only when they make money for the investor. Detailed statistics, including drawdown and risk level, are published for each manager. Past performance is no guarantee, and investors should diversify across several strategies.

Markets

The product list is moderate. FXTM offers around 60 currency pairs, including several exotic pairs relevant to its core markets, plus spot metals, commodities, indices, cryptocurrencies and share CFDs. Real US shares are available on the stocks account. In total there are several hundred instruments.

Leverage

Through its Mauritius entity, FXTM offers floating leverage up to 3000:1 on forex for small positions, decreasing as the notional value of open trades grows. UK clients are limited to 30:1. Leverage at these extremes is exceptionally risky. A small adverse move can eliminate an account in seconds, and new traders should set a far lower level.

Education and research

Education has always been a strength. FXTM offers webinars, seminars in its key markets, e-books, video tutorials and a glossary. Its research team provides daily market analysis, and clients have access to trading signals, calculators and an economic calendar. The broker's local presence and educational events in Africa have been central to its popularity there. Support is available in many languages on weekdays, with local payment methods including bank transfers and mobile money in several countries.

Who is FXTM best for?

FXTM is a good choice for traders in Africa and Asia who want a recognised broker with local support, education and payment options. Active traders can benefit from the low commissions on the Advantage account, and passive investors can explore FXTM Invest.

Traders in the EU cannot open accounts, and those who want top-tier regulatory protection, TradingView or a wide range of markets will be better served elsewhere.

Pros and cons

• Pros: low volume-based commissions on the Advantage account, strong education and local presence in Africa, FXTM Invest copy trading, FCA-regulated UK entity, local payment methods.
• Cons: most clients under a Mauritius licence, MetaTrader only, withdrawal and inactivity fees, $200 minimum deposit, very high leverage on offer, no EU retail service.

FXTM review: verdict for 2027

FXTM is a mature broker with a loyal following in emerging markets. Its pricing for active traders is sharp and its educational commitment is real. Check which entity you will trade under, keep leverage conservative, and it can be a dependable partner.

Compare this FXTM review with all 60 forex brokers in our 2027 list, and confirm the latest terms on the official FXTM website before you open an account.