Founded in 2011 and headquartered in Cyprus, FXTM (ForexTime) has grown into a globally recognized broker serving over 2 million clients. For Belgium traders, FXTM offers a compelling mix of low costs, strong regulation, and user-friendly platforms. The broker is particularly relevant for Belgian retail traders due to its support for local payment methods like Bank Transfer (SEPA) and Skrill, as well as its acceptance of National ID/passport for verification. With a minimum deposit of just $10, it lowers the barrier to entry for beginners. FXTM also provides a wide range of tradable instruments, including over 50 forex pairs, indices, commodities, and cryptocurrencies. Its compliance with ESMA regulations means Belgian clients benefit from negative balance protection and segregated accounts, enhancing safety. However, the maximum leverage for retail clients under ESMA is capped at 1:30, which may be a limitation for experienced traders seeking higher risk exposure. Overall, FXTM is a well-rounded broker suitable for both new and intermediate traders in Belgium.
| Detail | Information |
|---|---|
| Founded | 2011 |
| Headquarters | Cyprus |
| Regulated by | FCA,CySEC,FSCA,FSC |
| Min Deposit | $10 |
| Max Leverage | 2000 |
| Platforms | MT4, MT5 |
| Islamic Account | ✓ Available |
| Copy Trading | ✓ Available |
| Demo Account | ✓ Available |
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|---|---|---|---|
| EUR/USD | 1.50 pips | $0 | 1.50 pips | 1.50 pips |
| XAU/USD | 0.50 pips | $0 | 0.50 pips | 0.50 pips |
| Feature | Available |
|---|---|
| Demo Account | ✓ Yes |
| ECN/Raw Account | ✓ Yes |
| Islamic (Swap-free) | ✓ Yes |
| Scalping Allowed | ✓ Yes |
| Hedging Allowed | ✓ Yes |
| Expert Advisors (EA) | ✓ Yes |
| Copy Trading | ✓ Yes |
FXTM offers a genuine swap-free Islamic account for Muslim traders in Belgium who wish to trade in accordance with Sharia law. This account type does not charge or pay overnight interest (swap) on positions held open beyond the daily rollover time (typically 00:00 server time). To apply, Belgium traders need to contact FXTM's customer support after registration and request the Islamic account. The account is available on both Standard and ECN accounts. However, traders should be aware that holding positions for very long periods (e.g., over 10 days) may incur an administrative fee. Also, the Islamic account is not available for all instruments (e.g., some crypto CFDs may have swap charges). It's recommended to confirm eligibility and terms with support before opening the account. Overall, it's a legitimate offering for Belgian Muslims.
| Feature | Details |
|---|---|
| Islamic Account Available | ✓ Yes |
| Swap Fees | ✓ No swap fees |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
| Asset Class | Examples | Available | Typical Spread |
|---|---|---|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | ✓ All available | 1.50 pips |
| Gold (XAU/USD) | Spot Gold | ✓ Available | 0.50 pips |
| Silver (XAG/USD) | Spot Silver | ✓ Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | ✓ Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | ✓ Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | ✓ Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | ✓ Available | 0.02% |
| ETF CFDs | SPY, QQQ | ✓ Available | 0.02% |
| Feature | Available | Notes |
|---|---|---|
| Economic Calendar | ✓ Yes | Built into platform, real-time |
| Daily Market Analysis | ✓ Yes | Written + video reports |
| Video Tutorials | ✓ Yes | Beginner to advanced |
| Live Webinars | ✓ Yes | Weekly sessions, recorded |
| Demo Account | ✓ Yes | Unlimited, no expiry |
| Copy Trading | ✓ Yes | Via social trading platform |
| Free VPS | ✓ Yes (active traders) | For EA/automated trading |
| Local Language Support | ✗ No | English only |
| Support Channel | Available | Hours | Rating |
|---|---|---|---|
| Live Chat | ✓ Yes | 24/5 (Mon-Fri) | ★★★★★ Excellent |
| Email Support | ✓ Yes | 24/5 | ★★★★☆ Very Good |
| Phone Support | ✓ Yes | Business hours | ★★★★☆ Good |
| ✗ No | — | Not available | |
| Local Language | ✗ No | — | English only |
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|---|---|---|---|---|
| FXTM ★ | $10 | 1.50 pips | ✓ | ✗ | 3.7 |
| Pepperstone | $0 | 0.09 pips | ✓ | ✓ | 4.9 |
| IC Markets | $200 | 0.02 pips | ✓ | ✗ | 4.8 |
| Exness | $10 | 0.10 pips | ✓ | ✗ | 4.8 |
Understanding how FXTM protects your funds is critical before depositing. Here's a complete breakdown of the security measures in place for Belgium traders:
| Security Feature | Status | Details |
|---|---|---|
| Segregated Client Funds | ✓ Yes | Client money held in separate bank accounts |
| Negative Balance Protection | ✓ Yes | Losses capped at account balance |
| Top-tier Regulation | ✓ Yes | FCA/ASIC/CySEC licensed |
| Investor Compensation | ✓ Yes | Up to £85,000 (FCA) or €20,000 (CySEC) |
| 2FA Security | ✓ Yes | Two-factor authentication available |
| SSL Encryption | ✓ Yes | All data encrypted in transit |
| Audit & Reporting | ✓ Yes | Regular financial audits required by regulators |
Stay updated with the latest developments from FXTM relevant to Belgium traders:
FXTM is a reliable and well-regulated broker that offers a solid trading experience for Belgium traders. Its strong regulatory oversight (FCA, CySEC), low minimum deposit, and support for local payment methods like Bank Transfer and Skrill make it particularly accessible. The broker's educational resources and demo account are excellent for beginners, while the ECN account caters to more experienced traders with tight spreads. However, the ESMA-imposed leverage limit of 1:30 may be a drawback for those seeking higher risk exposure. Additionally, the lack of cTrader and limited local language support are minor inconveniences. Overall, FXTM is recommended for Belgium traders who prioritize safety, low costs, and a user-friendly environment, especially if they are new to forex trading or prefer a regulated broker. It is best suited for retail traders looking for a balanced offering.