FXTM Review 2025: How to Open a Demo/Trading Account?

In the fast-paced world of online trading, finding a reliable and user-friendly platform is key to unlocking your financial potential. FXTM (ForexTime) has long been a trusted name for traders worldwide, offering robust tools, diverse account types, and a commitment to security.

This review will guide you through everything you need to know about FXTM—from opening a risk-free demo account to mastering your first live trade.

First, let's take a quick look at FXTM's key features via the table below:

	FXTM at a Glance
Founded	2011
Registered	United Kingdom
Regulation	FCA, FSC (Offshore)
Trading Instruments	Forex, metals, commodities, stocks, indices, cryptos, future CFDs
Demo Account	✅
Account Type	Advantage, Advantage Plus, Advantage Stocks
Account Minimum	$/€/£/₦200
Maximum Leverage	1:3000
Trading Costs	From 0.0 pips & $3.50 per lot traded on FX (Advantage account)
Trading Platforms	MT4/5, mobile trading
Payment Methods	Credit/debit cards, e-wallets, bank wire transfers and local payment solutions
Deposit Fee	€/£/$3 or ₦ 2,500 fee for any deposit under €/£/$30 or ₦25,000
Withdrawal Fee	-

The most attractive trading conditions of FXTM must be a leverage of up to 1:3000, which is rare among regulated traders. However, given that FXTM has a top-tier FCA regulatory license, the security is guaranteed to a certain extent. However, the minimum deposit of up to $/€/£/₦200 is not friendly to newbies. Deposit fees are also applied. What's worse, the withdrawal fees, which traders are very interested in and must understand before trading, are not mentioned on their official website.

FXTM Account

Demo Account

FXTM offers unlimited risk-free demo accounts with a default initial balance of 1,000,000 in EUR, USD, or GBP.

You can open demo Advantage or demo Advantage Plus account on both MetaTrader 4 and MetaTrader 5 platforms.

*A demo account will remain active if you log in to the trading platform at least once every 14 days. If your Demo account is inactive for over 14 days, it will be deleted automatically. In this case, you cannot reactivate the account or retrieve the trading history.

Account Types

FXTM offers three trading account types, Advantage Stocks, Advantage, and Advantage Plus.

All account types require a minimum deposit of $200.

If you focus on stock trading, the Advantage Stocks account will be your best choice.

If you want to trade with tight spreads from 0.0 pips, the Advantage account is more suitable for you.

If you do not want to pay any commissions, you can choose the Advantage Plus account.

You can find more details in the following FXTM trading account comparison table:

How do I Open an FXTM Account? (Step by Step)

Compared to other brokers, signing up for an FXTM account is very easy, you don't need to offer too much personal information, only several steps, and then you can own it.

Before we start, let's check if FXTM is available in your country.

From the stealthy text at the bottom of the homepage, we see that FXTM does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Iran, Suriname, the Democratic People's Republic of Korea, Puerto Rico, the Occupied Area of Cyprus, Quebec, Iraq, Syria, Cuba, Belarus, Myanmar, Russia and India.

If you are not from the above regions, you can continue to follow us and learn about how to sign up for a FXTM account.

Note: Whether you want to open an FXTM demo account or a live account, the following three steps are applicable.

Step 1: Go to FXTM's official website and click on 'OPEN ACCOUNT'.

Step 2: Fill in the required info, including your first name, last name, country of residence, mobile phone, and email address.

Create a password, which should contain 8-20 characters, small letters, capital letters, and numbers.

Click on 'Send PIN' and check your email box to get the PIN.

Then enter your PIN.

Tick that you accept the terms of the Client Agreement and Privacy Policy.

Then click on 'Register now'.

Step 3: Choose your account type, Advantage, Advantage Stocks, or Advantage Plus.

In the next steps, the process of opening an FXTM demo account and a live trading account will be different.

FXTM Demo Account Opening

Step 1: If you want to open an FXTM demo account, please click on 'Try the demo'.

Step 2: Choose the account currency and set your trading account password. The default initial balance is 1,000,000. Then click on 'Open account'.

Then your demo FXTM account opening is done, as the screenshot below shows:

You can click on 'Add funds' to adjust your account balance and click on 'Delete Account' to delete your demo FXTM account at any time.

FXTM Trading Account Opening

Step 1: If you want to open an FXTM live trading account, please click on 'Open account'.

Step 2: Complete the account application form, including your gender, date of birth, field of work, level of seniority, pay taxes in which country, whether to have a TIN, tax identification number, city/town, full address, and source of funds.

Then tick that you have read and accept the Terms and Conditions and Privacy Policy.

After filling in all the information above, click on 'Submit' to go on to the next step.

Step 3: Choose your account currency (EUR, USD, or GBP) and leverage ratio (1:25, 1:30, 1:50, 1:100, 1:200, 1:300, 1:400, 1:500, 1:1000, 1:3000).

Set your trading account password.

Then click on 'Open account'.

Then your FXTM live trading account opening is done. You can click on 'Make a deposit' to deposit at least $/€/£200 into your account and click on 'See my trading account' to learn more details about your account.

You can deposit funds into an FXTM account via cryptocurrencies, credit/debit cards, or e-wallets.

The accepted currencies include all kinds of cryptocurrencies, USD, EUR, or GBP.

Note that you will be charged a €/£/$3 or ₦ 2,500 fee for any deposit under €/£/$30 or ₦25,000.

FXTM Deposit Methods		Minimum Deposit	Maximum Deposit	Deposit Fees	Deposit Time	Withdrawal
	Tether (USDT)	10	600,000	€/£/$3 or ₦ 2,500 fee for any deposit under €/£/$30 or ₦25,000	1 hour	❌
	Bitcoin (BTC)
	Ethereum (ETH)
	Tron (TRX)
	Other Cryptocurrencies
	Visa/MasterCard/Maestro		15,000		30 minutes	✅
	Neteller		50,000			❌
	Skrill		20,000			✅

Noteworthy:

• If you request to withdraw your funds after no trading activity, FXTM will charge you the equivalent amount of any banking fees incurred, or 3% of the total withdrawal amount.
• When you make a withdrawal for the first time, the funds must be sent back using the same payment method you used to make the initial deposit.
• Any profits generated following your initial deposit can be withdrawn by any other payment method available to you.

Is FXTM Safe and Legit?

FXTM is a legit broker and offers multiple security measures to protect their clients' funds, including

• Funds Insurance: Up to $1 million coverage in case of insolvency
• Segregated Funds: Client funds kept separate from company funds in top-tier banks
• SSL Encryption: Secure data transmission and transaction protection

Currently, FXTM also holds two regulatory licenses, including

• Financial Conduct Authority (FCA) in the United Kingdom
• The Financial Services Commission (FSC) in Mauritius

Regulated Country	Regulated by	Current Status	Regulated Entity	License Type	License No.
	FCA	Regulated	Exinity UK Ltd	Straight Through Processing (STP)	777911
	FSC	Offshore Regulated	EXINITY LIMITED	Retail Forex License	C113012295

You can verify FXTM's regulatory status and explore more details on WikiFX.

Compare FXTM with Similar Brokers

We compared FXTM's key points (regulation, product offering, demo account, account minimum, maximum leverage, trading platform, copy/social trading, and suitable traders) with three similar brokers, Tickmill, XM, and FxPro.

More detailed comparison of FXTM's alternatives, please refer below:

Logo
Broker	FXTM	Tickmill	XM	FxPro
Regulation	FCA, FSC (Offshore)	FCA, CySEC, FSCA	ASIC, CySEC, FSC (Offshore), DFSA⭐	CySEC, FCA
Segregated Account	✅	✅	✅	-
Negative Balance Protection	-	✅	✅	-
Demo Account	✅($1,000,000 virtual funds)	✅	✅($5,000,000 virtual funds)	✅ (up to 100k in virtual funds, 180-day life span)
Islamic Account	-	✅	✅	-
Account Minimum	$/€/£/₦200	$/€/£/R100	$5⭐	100 EUR/GBP/USD
Maximum Leverage	1:3000⭐	1:1000	1:1000	1:500
Average Trading Cost (EUR/USD)	1.5 pips	1.6 pips	0.8 pips⭐	1.3 pips
MetaTrader 4 (MT4)	✅	✅	✅	✅
MetaTrader 5 (MT5)	✅	✅	✅	✅
cTrader	❌	❌	❌	✅⭐
TradingView	❌	❌	❌	❌
Proprietary Platform	Mobile trading	Tickmill Trader	XM App	FxPro Mobile App, FxPro WebTrader
Copy/Social Trading	❌	✅	✅	❌
Promotion	❌	✅	✅	✅
Best for	Experienced traders	Beginners	Beginners	Beginners

Write at the End

If you want to know more about FXTM, you can find more information by clicking on the ‘HELP CENTER’ in the menu bar at the top of the FXTM homepage.

FXTM divides it into six topics: Getting Started, Managing Your Account, Deposits and Withdrawals, Markets and Trading, Using Our Platforms, Partnership, Affiliates, and Referral.

Each topic is divided into 3-4 sub-topics to help you locate the information faster and more accurately. Of course, you can also write the question directly in the search box, and then search for it.

FAQs

Is FXTM safe to use?

Yes. FXTM offers multiple security measures and is regulated by FCA and FSC. Please refer to detailed information in the 'Is FXTM Legit and Safe' section.

How do I start trading on FXTM?

First, you need to sign up for a FXTM demo or live trading account. Find more details in the 'How do I Open an FXTM Account' section. If you are a beginner, we advise you to start with a risk-free demo account.

Which account type is best for FXTM?

No best account type, instead, only the most suitable account type. If you specialize in stock trading, you can choose the Advantage Stock account. If you want to trade with 0.0 pips onwards, you can open an Advantage account, while the Advantage Plus account is the best choice for traders who want to enjoy commission-free trading.

What is the minimum deposit in FXTM?

$200.

How do I deposit money into FXTM?

You can deposit money into FXTM via cryptocurrencies, credit/debit cards, or e-wallets. Enter 'MYFXTM', then click on 'My Money' -- 'Deposit funds'. You can also directly visit https://my.forextime.com/en/deposits