Do you wonder one of the brokers out there? Today, I’m here to show you comprehensive information about FXTM review today.

ForexTime, or FXTM, is a well-known forex broker. It is also one of the old brokers, the brokers make trading operations since 2011.

Personally, I have traded with this broker for several months. In this article you will find FXTM spreads, funding methods, account types and more.

Is FXTM legit? Which licenses do they have and which regulations are they subject to? Are fxtm minimum deposits and spreads are low enough? What about leverages? Is it possible to open a demo account?

Is customer support competent? I’m sure that you will get all these answers now, Do not open an account at FXTM before you read this FXTM broker review article!

The company also sponsors Lewis Pugh. As a Brand Ambassador, he supports blue economy. Since he is the first one who swam 530km along the English Channel, a positive effect on brand is inevitable.

The official website of FXTM serves 17 different languages and has approximately 1 million visitors per month.

The company has offices in Cyprus, Kuwait, Nigeria and United Kingdom. I investigated how they grew up quickly.

FXTM’s owner Andrey Dashin. He also owns the Alpari forex broker. Therefore, the experience gained thanks to Alpari became important. He wants to serve with a variety of innovative account types that will cover many clients and seems to be successful so far.

The company has many awards. ‘2018 Best Trading Conditions’ from World Finance and ‘2017 Forex Broker of the Year’ by Global Investor Mena Awards are among many of them.

The website gets the most traffic from Nigeria with 19%. Other countries from top 5 are Iran (8%), Vietnam (6%), South Africa (6%) and Lesotho (5%).

Regulations and Investor Protection

FXTM is regulated by 4 different regulators. These are CYSEC in Cyprus, FCA in the UK, FSB in South Africa and IFSC in Belize. Especially FCA and CYSEC are reputable financial watchdogs all over the world.

Furthermore, both FCA and CYSEC provide additional guarantees for clients funds. All brokers regulated by CYSEC are also members of Investor Compensation Fund in Cyprus.

ICT provides compensation up to 20,000 euros per person in the event of broker insolvency. FCA regulated brokers are under the Financial Services Compensation Scheme, FSCS, guarantee and provide with compensation of up to 50,000 sterlin.

You can check the licenses of the broker from search query of the related websites

FCA with license number 777911

CySEC with license number 185/12

FSCA with license number 46614

To summarize, we see that FXTM has very strong regulations. In addition, investors are protected by compensation funds.