FXTM Review (2026)

FXTM (ForexTime) is an education-led, multi-entity broker that built its name in emerging markets — it's especially strong across Africa and the MENA region — and offers a simple path onto MetaTrader 4 and MetaTrader 5. Operating since 2011 and now part of the Exinity group (which reports more than two million clients across its brands), FXTM pairs a low entry point with one of the deepest education libraries in the business. In this FXTM review we go past the headlines — the account types, what it really costs, the platforms, deposits and withdrawals, and one piece of small print that matters more here than at most brokers: which regulated entity actually holds your account.

FXTM at a glance

Founded	2011 (ForexTime; now part of the Exinity group)
Regulation	FSC Mauritius, FCA, FSCA (held across separate group entities — see Safety below)
Retail entity (most clients)	Exinity Limited — FSC Mauritius
Minimum deposit	From $10 (cent Micro, 1,000 cents); Edge $50; Advantage $200
Spreads from	0.0 pips + commission (Advantage) · ~1.2 pips (Edge) · ~1.5 pips (Advantage Plus)
Platforms	MT4, MT5, web terminal, FXTM app
Instruments	250+ — forex, indices, commodities, metals, share CFDs (figure varies by entity)
Leverage	1:30 (EU/UK retail) up to 1:3000 (offshore/Mauritius entity)
Demo account	Yes — free, with virtual funds
US clients	Not accepted
Best for	Africa, MENA, Education

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FXTM account types compared

FXTM's line-up splits into two halves. The cent-denominated Micro and Edge accounts are low-deposit, commission-free spread accounts aimed at newer traders — the Micro account shows your balance in cents so you can trade tiny sizes, which is effectively FXTM's cent account (there's no separate "Standard" or "Cent" brand any more). The three $200 Advantage accounts are the step up: Advantage swaps a wider spread for near-zero spreads plus a commission (favouring high-volume traders), Advantage Plus keeps spread-only pricing with no commission, and Advantage Stocks covers share CFDs.

Costs & fees

FXTM's pricing is competitive on the Advantage account and mid-table elsewhere: the commission-free Edge and Advantage Plus spreads (from ~1.2–1.5 pips) are reasonable but not the tightest, while the Advantage account's near-zero spread plus commission closes the gap to raw-spread rivals for active traders. Where FXTM is less generous than some peers is on the other fees — there's an inactivity fee, and some withdrawal methods carry a charge. Here's the full picture (FXTM's published figures; confirm current values for your entity):

One caveat on spreads: the "from" figures are best-case. Typical Advantage-account EUR/USD runs nearer 0.1 pip plus the ~$7 round-turn commission, and the commission-free accounts nearer 1.5–1.7 pips, per published averages — so work out the all-in cost on the pairs you trade rather than comparing the headline "from" number. Always check the live spread for the pairs you trade.

For a sense of the real cost, compare the all-in figure on the pairs you trade: an Advantage raw spread plus ~$7 round-turn versus an Edge/Advantage Plus spread with no commission. Work it out with our pip calculator and size trades with the lot size calculator.

Platforms

FXTM is a MetaTrader-first broker. You get the full MetaTrader 4 and MetaTrader 5 terminals on desktop, the mobile apps, a browser-based web terminal, and FXTM's own trading app. That covers the vast majority of traders well — MT4 for its huge ecosystem of indicators and Expert Advisors, MT5 for multi-asset trading.

The honest gap: FXTM has no advanced proprietary desktop platform and no third-party terminal like cTrader or a native TradingView integration — its differentiation is the FXTM app and the education around the platforms, not the platforms themselves. If you specifically want cTrader or a custom desktop terminal, look elsewhere. For everyone trading on MetaTrader, the line-up is perfectly capable.

Deposits & withdrawals

Funding is built for FXTM's emerging-markets base. It supports bank transfer, credit/debit cards, e-wallets, and an unusually broad set of local payment solutions across Africa and other regions — a genuine strength if you're outside the main card/e-wallet networks. Card and e-wallet deposits are typically instant; most e-wallet withdrawals process quickly, while bank wires take roughly 3–5 business days. Several processors are fee-free, but some methods carry a fixed or percentage fee, and an extra charge can apply if you withdraw after no trading activity. Withdrawals go back to your original method, and available options depend on your country — check the cashier.

Safety & regulation

This is the section to read twice. At group level, FXTM's licences in our data are FSC Mauritius, FCA, FSCA — historically a strong-looking line-up. The important nuance for a retail reader is which entity will actually hold your money:

• Most retail clients → Exinity Limited (FSC Mauritius). FXTM renounced its CySEC (EU) licence and exited EU retail, so the bulk of retail clients worldwide are onboarded under its Mauritius entity. The FSC is a real regulator, but it's a lighter-touch, offshore regime — it does not carry EU-style ICF or UK FSCS investor compensation, and protections such as negative-balance cover depend on that entity's own terms.
• FCA (UK) and FSCA (South Africa) sit at separate entities. A tier-1 FCA licence appears in the group, but you should not assume you'll be onboarded under it — the UK entity has served a narrowing slice of clients, and its retail status has been in flux. The FSCA licence governs South African clients. Treat the tier-1 badge as held by the group, not as cover you automatically receive.

The practical takeaway: don't read "FCA-regulated" on a comparison page and assume you, personally, get UK-level protection. Before depositing, confirm in writing which entity your account sits under, look up that specific licence on the regulator's own public register, and read what client-money and compensation protection it provides — see our guide to checking a broker is regulated.

Support & education

Education is FXTM's headline strength. The library is genuinely deep — structured courses, webinars, video tutorials, ebooks, daily market analysis, and an economic calendar — and it's tailored to the markets FXTM serves, with strong local-language coverage across Africa and the MENA region. Support is multilingual via live chat, email, and phone, with local offices in several of those markets. None of it is personalised advice; treat it as general learning material, and remember the education exists to help you trade FXTM's products, not to tell you what to buy.

How to open an FXTM account (and demo)

Setting up takes only a few minutes:

• 1. Check your entity. FXTM routes you to the entity for your country (for most clients, the Mauritius entity) — this sets your account types, leverage, fees, and the protection you receive, so confirm it first.
• 2. Register. Open a free demo to practise, or a live account — a cent Micro from roughly $10, Edge from $50, or an Advantage account from $200.
• 3. Verify your identity. Live accounts need ID and proof of address (standard KYC) — a quick, one-time step.
• 4. Fund it (or skip for a demo). Deposit by card, e-wallet, bank transfer, or a local payment method; a demo needs no deposit.
• 5. Download MT4 and log in. Use your login number, password, and server — our MT4 install guide and MT4 login guide have the full walkthrough.

Pros and cons

Who FXTM is for

Choose FXTM if you're a beginner or intermediate trader — especially in Africa or the MENA region — who values a low entry point, first-class education, broad local funding options, and a no-fuss path onto MetaTrader. The Advantage account also makes it a fair pick for cost-aware active traders who want near-zero spreads, and the cent Micro account is a gentle way to test live conditions with tiny sizes.

Look elsewhere if tier-1 investor protection is your priority (most retail clients land under the Mauritius entity, not an EU/UK licence), you trade rarely enough that the 3-month inactivity fee would bite, you want cTrader or a proprietary platform, or you're a US resident. If you're weighing FXTM against the wider field, compare it directly in our best MT4 brokers guide before you decide. For its core audience — learning-focused traders in emerging markets who want a simple, well-supported MT4 on-ramp — FXTM is a strong, sensible choice.

Bottom line

FXTM is a capable, education-led broker that does a lot well: a low entry point, a clean MetaTrader experience, broad local funding, and an education library that's among the best in the industry — which is exactly why it has earned a loyal following across Africa and the MENA region. The catch is in the small print: most retail clients are onboarded under its lighter-touch Mauritius entity rather than an EU/UK tier-1 licence, and there's a 3-month inactivity fee to watch. Go in with clear eyes about which entity holds your account, and for a learning-focused trader in its core markets, FXTM is a reasonable, well-supported place to trade on MT4.

Open an account with FXTM

Start with a free demo or a live account, and download MetaTrader 4 on desktop, mobile, or the web terminal. Confirm which entity serves your country before you deposit.

Visit FXTM → MT4 install guide

⚠ Trading forex and CFDs is high-risk and most retail traders lose money. This is not financial advice.

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Related guides

Compare FXTM with the field in our best MT4 brokers guide, or see the best MT4 broker for beginners. If trust is your priority, read how to check a broker is regulated. Ready to set up? Follow the MT4 install guide and our MT4 login walkthrough.