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FXTM Australia 2020 Review & Rating

(4.5 out of 5 stars from 855 Reviews)

$A 150,00

Good swap rates

FXTM or Forex Time, founded in 2012, remains considered a newcomer to the web Forex trading scene. However, in only two years, this broker has made a reputation for itself by winning several industry awards, including “Best Newcomer 2013” and “Fastest Growing Forex Broker”. FXTM is predicated in Cyprus and controlled by the IFSC Belize and also by the FSB.

Overall Rating


Minimum Deposit
Very Good
Very Good
Very Good

FXTM may be a very credible trader who knows what is good for its clients. This is often evident in their services specially designed to satisfy the requirements of every client, also as having professionals available to supply help when needed. This a recommended trading site for both new and experienced traders.

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ForexTime Trading Accounts

At FXTM you can choose between three main Forex trading accounts. None of them require a minimum or maximum deposit, and no commission is charged. Standard and fixed Spread accounts are often used for USD / EUR with a floating leverage of 1: 1000 and 1: 500 respectively. The Cent account allows trading in US Cent / EU Cent and offers fixed leverage starting at 1: 1000 and 1:25 for spot metals. Additionally to those accounts, FXTM offers three ECN accounts: one ECN, one ECN Zero and one XTM ECN MT5 account, each with different spreads or commissions.

Bonuses / Promotions

FXTM loves promotions and provides them generously. At the time of scripting this review there have been two bonuses happening. Any Australian who signs up and creates a replacement account during the promotional period can receive a maximum bonus of 20% up to the limit of $ 150 during the 30 days following their deposit.

In addition, anyone who changes brokers to modify to FXTM receives $ 4 for every lot traded.

Several promotions at FTXM had just expired at the time of scripting this FXTM review, but there’s a replacement contest. The Forex Factor Forex Trading Demo Contest allows traders to compete neck and neck for an opportunity to win a $ 3000 credit on a true FXTM account. No other broker tested offered a promotion to traders employing a demo account, so this promotion is actually unique.

FXTM Training

When it involves training, FXTM provides a spread of tutorials and webinars available to all or any account holders. The tutorials are intended for knowledgeable traders also as those new Forex trading, and canopy the essentials of Forex also as more advanced topics like risk management and technical analysis. These videos are even accessible on a mobile device by scanning the QR code.

Live webinars are presented by experts within the field and canopy many topics like Japanese candlesticks, alligator trading and more.

FXTM also conducts seminars and workshops with third parties providing access to Forex opportunities in countries everywhere the planet. These seminars and events are organized throughout the year. Trading bonuses and other freebies are offered and traders have the chance to satisfy other Forex enthusiasts within the trader’s home country.

As for his or her glossary, FXTM has put together a comprehensive and detailed list explaining key definitions within the simplest possible terms.

Deposits / Withdrawals

Deposits at FXTM are possible by wire transfer, Mastercard , open-end credit , Neteller, Skrill, CashU and other electronic wallets.

Withdrawals are made by contacting their office during business hours, 7:00 a.m. to 8:00 p.m. (GMT + 2) (GMT + 3 during the summer time period).

Customer support

FXTM customer support is via chat, Skype and telephone on an English number. the web site is out there in English, Arabic, Chinese, French, Indonesian, Spanish, Polish and Malay.


The FXTM website may be a real pleasure to read. The text is large and therefore the graphics are welcoming. The tabs are clearly marked and respond with a click. FXTM seems to hide all the required areas of a Forex broker within the simplest and easiest method.

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$A 150,00

Good swap rates

$A 150,00

Good swap rates