FXTM Dubai - FXTM (ForexTime) Broker Review in Dubai, UAE

ForexTime, also known as FXTM, was established in 2011 as one of the fastest-growing Forex brokers in the industry. This broker is authorized by the CySEC (Cyprus), FCA (the UK), FSCA (South Africa), and IFSC (Belize). FXTM provides its clients with top-notch trading services in 18 different languages.

FXTM Dubai (UAE) offers three types of trading accounts, i.e., Micro, Advantage, and Advantage Plus. These accounts come with more than 60 currency pairs, CFDs, metals, stock indices, and 180+ CFD shares. At FXTM, the minimum deposit is $10 with leverage up to 1:1000, or floating leverage up to 1:2000 depending on the deposit and the selected account. FXTM offers floating spreads as low as 0 pips and fast order execution with zero to low commission.

Traders can use different deposit and withdrawal methods at FXTM Dubai, such as credit cards (Visa, MasterCard, Maestro, & Google Pay), e-wallets (GlobePay, Skrill, PayRedeem, Neteller, Cryptos, & Perfect Money) bank wire transfers, and local transfers. Moreover, ForexTime covers all deposit fees and allows most trading strategies.

ForexTime also provides its FXTM-Invest program to traders and investors to join the company as copy traders or strategy managers. FXTM traders will get access to a 24/5 multilingual support service in 18 languages (including Arabic) via email, phone & live chat. On top of that, a personal account manager, technical support (such as trading education, market analyses and forecasts) trading tools, trading signals, economic calendar, VPS services, regular live webinars and so much more will be presented to those who choose to partner with FXTM.

FXTM Dubai Trading Accounts

FXTM Dubai, UAE offers different types of trading accounts, namely Micro, Advantage, and Advantage Plus.

Micro

Minimum Deposit: 10 USD/EUR/GBP
Leverage: 1:1000
Minimum trade size: 0.01
Spread Type: Floating from 1.5 pip
Commission: No
Account Currency: USD, EUR, GBP

👉 Open Micro Account

Advantage

Minimum Deposit: 500 USD/EUR/GBP
Leverage: 1:2000
Minimum trade size: 0.01
Spread Type: Floating from 0 pip
Commission: From 0.4 USD-2 USD
Account Currency: USD, EUR, GBP

👉 Open Advantage Account

Advantage Plus

Minimum Deposit: 500 USD/EUR/GBP
Leverage: 1:2000
Minimum trade size: 0.01
Spread Type: Floating from 1.5 pip
Commission: No
Account Currency: USD, EUR, GBP

👉 Open Advantage Plus Account

The Micro account comes with floating spreads from 1.5 pips and leverage up to 1:1000 for Forex and leverage up to 1:500 for metals on the MT4 trading platform. Furthermore, this account is available in EUR, GBP, and USD with a $10 minimum deposit, and its orders will be processed instantly. Additionally, the min and max number of orders are 0.01 and 300, respectively, and traders can have up to 300 pending orders.

The Advantage account comes with a floating spread from 0 pips and leverage up to 1:2000 with a minimum deposit of $500 on the MT4 & MT5 trading platforms (depending on the trading instruments). The min and max number of orders are 0.01 and unlimited, respectively, and traders can have up to 300 pending orders. The advantage account holders are to pay a 0.4 - 2 USD commission depending on their trading volume. In this account, traders are allowed to use scalping and hedging freely.

The Advantage Plus account comes with similar trading conditions, such as a $500 min deposit, market order execution, and floating leverage up to 1:2000 on the MT4 and MT5 platforms. However, traders are not required to pay a commission for this account and can make use of a wider spread from 1.5 pips. The holders of this account can enjoy an unlimited number of orders in addition to 300 pending orders (max).

FXTM Dubai Deposit & Withdrawal Methods

FXTM offers many deposit methods without commission, including credit cards (Visa, MasterCard, Maestro, & Google Pay), e-wallets (GlobePay, Skrill, PayRedeem, Neteller, & Perfect Money), bank wire transfers, and local transfers. Moreover, FXTM covers all charges on deposits; however, withdrawals require a $2 fee each.

The following e-wallets are commonly used:

Skrill (EUR, USD, GBP, PLN, CZK) à deposit: no commission, instant; withdrawal: no commission, within 1 business day
GlobePay (USD, EUR, GBP, PLN, CZK) à deposit: no commission, instant, minimum 1 USD, EUR, GBP, PLN, CZK withdrawal: 1 USD, EUR, GBP, PLN, CZK, no commission, within 24 hours
PayRedeem (USD, EUR) à deposit: no commission, instant, minimum 50 USD/EUR; withdrawal: no commission, minimum 50 USD/EUR, within 24 hours
Neteller (USD, EUR, GBP, NGN, INR) à deposit: no commission, instant, a minimum of 5 USD or its equivalent; withdrawal: no commission, a minimum of 1 USD or its equivalent within 24 hours
Perfect Money (USD, EUR) à deposit: no commission, instant; withdrawal: 0.5% commission, within 24 hours

Instant deposit methods are mostly available in EUR, GBP, and USD. Some e-wallets and local deposit methods accept other currencies and cryptocurrencies, such as BTC (Bitcoin).

Other deposit methods are also available on FXTM, although they may require some time to process (24 hours to 3-5 business days). You should contact your personal account manager to inquire about available payment systems.

Several withdrawal methods are available at FXTM with a minimum of $5. Withdrawals are processed within 24 hours (Mon-Fri, 03:00-19:00 GMT+2), depending on the payment method (bank transfer: 3-5 business days, credit/debit cards: 3-10 business days, e-wallets: 1 business day).

Most withdrawal methods, such as Skrill, Neteller, and local bank transfers do not require any commission. However, payment methods including, Perfect Money, Bitcoin, and Online Banking may require 0.5 - 2% additional fees. Please note that FXTM charges a $5/EUR/GBP inactivity fee for accounts that remain inactive for 6 months.

FXTM Broker Safety of Funds

ForexTime (FXTM) is committed to creating a safe trading environment for its clients' funds by adhering to international standards of customer protection.

FXTM is based in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC), the South African Financial Sector Conduct Authority (FSCA), the Financial Conduct Authority of the UK, and the International Financial Services Commission of Belize (IFSC).

ForexTime guarantees that its clients’ funds are kept in segregated accounts at the best European banks and separate from its operational funds. This will create an extra layer of protection for the clients’ funds in the event of bankruptcy.

By adopting the SSL (Secure Socket Layer) network security protocol, all transaction and communication links are secured and protected. All data traffic is encrypted to prevent data theft or unauthorized access.

As a member of the Financial Commission and in cooperation with the ICF (Investor Compensation Fund), FXTM is ready to reimburse each client up to €20,000 in the event of unresolved disputes.

FXTM Broker Spreads

FXTM offers different spreads based on the trading account. The Micro and Advantage Plus accounts come with spreads as low as 1.5 pips with no commission. The Advantage account holders can enjoy a much tighter pip starting from 0 with a 0.4 - 2 USD commission depending on their trading volume.

FXTM Broker Trading Platforms

FXTM gives its clients the best trading experience possible by providing them with MetaTrader 4, MetaTrader 5, and WebTrader platforms, as well as the FXTM Trader app on PC, Mac, and Mobile phones (Android and iOS).

Traders can use the MetaTrader 4 platform for trading assets such as Forex, commodities, and CFDs by taking advantage of 30+ technical indicators, 31 graphical objects, 9 different timeframes, 3 order execution types, 4 pending order types, as well as easy-to-read and interactive charts. This platform is also accessible via WebTrader.

The next trading platform is MetaTrader 5 which comes with a lot of advanced and attractive features, such as 38 technical indicators, 44 analytical objects, 21 different timeframes, 4 order execution types, 6 pending order types, and an unlimited number of charts. MetaTrader 5 can also be used in 30+ different languages for a more improved trading experience. Traders who choose this platform will also have access to an integrated economic calendar, an email system, a multi-threaded strategy tester, as well as fundamental and technical analyses. Those who like to conduct copy and automated trading can also do it on this platform.

Last but not least, FXTM’s very own Trader app on mobile devices (Android & iOS) can make all the difference. FXTM Trader app enables traders to trade in more than 250 Forex and CFD instruments in either Live or Demo trading accounts. In addition, they can enjoy one-click trading, advanced charting tools, and real-time currency rates 24/5.