FXTM Review 2027 Supported Platforms and Tools

FXTM, short for ForexTime, grew up alongside the rise of retail trading in Africa and Asia and became one of the best-known brokers in Nigeria, Kenya and beyond. In recent years it has trimmed its account range to a focused pair of options and repositioned around low commissions. This FXTM review for 2027 looks at the Advantage accounts, the group's regulation and the audience it serves best.

Background

FXTM was founded in 2011 by Andrey Dashin, a well-known figure in the forex industry. It forms part of the Exinity Group, which also operates other trading and investment brands. The company reports several million clients across more than 150 countries and has long invested in local offices, seminars and education in emerging markets.

The broker offers market execution through liquidity providers on its commission-based accounts, without a dealing desk.

Regulation

FXTM's international business is regulated by the Financial Services Commission of Mauritius. Group entities also hold licences from the FCA in the United Kingdom, the Capital Markets Authority in Kenya and the FSCA in South Africa.

The Kenyan licence is significant for the region. It allows FXTM to serve Kenyan clients as a locally regulated non-dealing online foreign exchange broker, with client funds held in local banks. UK clients trade under FCA rules, with 1:30 leverage on major pairs and access to the Financial Services Compensation Scheme. Most other international clients are registered with the Mauritius entity, where leverage can reach 1:3000 on small positions and regulatory protections are lighter. Negative balance protection applies to retail clients, and funds are held in segregated accounts.

FXTM review: Advantage accounts

The Advantage account is the stronger offer. Spreads on major pairs start from zero, and the commission is charged on a sliding scale: traders with higher balances or monthly volume pay progressively less, down to a very low rate. For active traders the total cost is competitive with well-known ECN-style brokers.

The Advantage Plus account has no commission, with the cost included in a spread from about 1.5 pips. It is simpler but more expensive per trade, and suits occasional traders. A third option, Advantage Stocks, is aimed at trading US shares.

The $200 minimum deposit is higher than at many brokers competing for the same clients. FXTM charges an inactivity fee after six months without trading, and withdrawal fees apply to some payment methods. Swap-free accounts are available.

Leverage

FXTM uses dynamic leverage on its international accounts. The maximum ratio depends on the notional value of your open positions: small positions can be opened at very high leverage, and the ratio falls in steps as exposure increases. This approach limits the damage that large positions can cause while still giving small accounts flexibility. As always, the highest setting is rarely the wise one, and position size should be determined by risk, not by available margin.

Platforms and tools in 2027

• MetaTrader 4 and MetaTrader 5 on desktop, web and mobile, with expert advisors supported
• The FXTM Trader app, a mobile application for trading, funding and monitoring accounts
• Trading signals and analytical tools supplied in partnership with third-party providers
• A VPS service for automated strategies

There is no cTrader or TradingView integration, and FXTM has no proprietary desktop platform. Copy trading has been part of the group's offering in the past; availability now varies, so check what is offered in your region.

Markets

FXTM offers around 60 currency pairs, together with CFDs on metals, commodities, indices, cryptocurrencies and shares. The Advantage Stocks account provides access to several hundred US shares. In total the range covers a few hundred to around a thousand instruments depending on the account, which is sufficient for forex-focused traders but not extensive.

Education and research

Education has always been central to FXTM's approach. It provides e-books, videos, articles, webinars and, in several countries, in-person workshops, with content tailored to beginners. Daily market analysis is published by an in-house team whose commentary is frequently quoted in the financial media. For a new trader in one of FXTM's core markets, the combination of local seminars and online material is a real advantage.

Customer support and payments

Multilingual support is available around the clock on trading days by live chat, phone, email and messaging apps. The broker supports a wide selection of local payment methods, including local bank transfers and mobile money in African markets, alongside cards and e-wallets. Withdrawals are usually processed within one business day.

Pros and cons

Who is FXTM best for?

FXTM is a good choice for traders in Africa and Asia who want a broker with a local presence and solid education, and for active traders who can benefit from the Advantage account's sliding commission. Beginners with very small budgets, and traders who want a wider platform choice, may find other brokers more convenient.

Frequently asked questions

Risk warning: forex and CFD trading is high risk and you may lose all of your invested capital. This FXTM review is not investment advice.