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FXTM Overview for Cyprus
Founded in 2011 and headquartered in Limassol, Cyprus, FXTM (ForexTime) has grown into a global forex and CFD broker serving over 3 million clients worldwide. For Cyprus traders, FXTM is particularly relevant due to its local presence — the broker’s headquarters are in Cyprus, and it is regulated by the Cyprus Securities and Exchange Commission (CySEC). This means Cyprus traders benefit from strong EU investor protections, including segregation of client funds and access to the Investor Compensation Fund (ICF) up to €20,000. FXTM offers a wide range of instruments including forex pairs, commodities, indices, and cryptocurrencies, with leverage up to 1:2000 (for professional clients). The broker is known for its educational resources, copy trading platform (FXTM Invest), and user-friendly MT4/MT5 platforms. With a minimum deposit of just $10, FXTM is accessible to beginners, while its ECN account caters to experienced traders. However, its spreads are not the tightest in the industry, and Islamic account holders should verify swap-free conditions. Overall, FXTM is a reliable choice for Cyprus traders who prioritize regulatory safety and local support.
| Detail | Information |
|---|
| Founded | 2011 |
| Headquarters | Cyprus |
| Regulated by | FCA,CySEC,FSCA,FSC |
| Min Deposit | $200 |
| Max Leverage | 3000 |
| Platforms | MT4, MT5 |
| Islamic Account | Available |
| Copy Trading | Available |
| Demo Account | Available |
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Regulation & Safety — Is FXTM Safe for Cyprus?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Cyprus traders
Always verify FXTM's regulation at the official regulator website before depositing.
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Spreads & Trading Costs 2026
Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
| 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 |
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Account Types for Cyprus Traders
Standard Account
No Commission
Min Deposit$200
EUR/USD Spreadfrom 1.50 pips
Commission$0
IslamicCheck broker
PlatformsMT4/MT5
ECN/Raw Account
Lower Spreads
Min Deposit$200
EUR/USD Spreadfrom 1.50 pips
Commission$0
IslamicCheck broker
PlatformsMT4/MT5
| 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 |
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Deposits & Withdrawals — Cyprus Guide
USDT TRC20
Buy on Binance P2P — transfer to broker
Skrill
Fund via local exchange — transfer
Neteller
Fund via local exchange — transfer
Bank Wire
International transfer (may be restricted locally)
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Cyprus deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
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Islamic Account — Cyprus Muslim Traders
FXTM offers a genuine swap-free Islamic account for Muslim traders in Cyprus who wish to trade in accordance with Sharia law. This account does not charge or pay swap/rollover interest on positions held overnight. It is available on both Standard and ECN account types. There are no hidden fees, but the account must be requested via live chat or email, and you need to confirm your Muslim faith. Once approved, the swap-free status is permanent. However, some brokers limit the number of days a position can be held swap-free — FXTM does not have such restrictions for genuine Islamic accounts. Cyprus Muslim traders can apply after opening a live account by contacting FXTM support.
| 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 |
Islamic account verdict
Genuine swap-free account available. Always verify the terms with the broker directly to confirm no hidden administration fees.
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Instruments & Markets in Cyprus
| 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% |
Most popular instruments for Cyprus traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Cyprus traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Cyprus traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
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Customer Support — Cyprus Review
Support verdict for Cyprus
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
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Common Mistakes Cyprus Traders Make with FXTM
- Mistake: Not verifying your CySEC entity — Always ensure you are trading under ‘ForexTime Ltd’ (CySEC) to get EU protections. Trading under the FSC (Mauritius) entity waives those rights.
- Assuming all accounts have the same spreads — The Standard account has wider spreads; choose ECN for tighter costs if you trade frequently.
- Ignoring the Islamic account request process — You must actively request it via support; it is not automatic when opening an account.
- Using bank transfers for small deposits — Bank transfers take 1-2 days; use Skrill or USDT for instant funding.
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FXTM vs Competitors in Cyprus
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|
| FXTM (current) | $200 | 1.50 pips | Yes | No | 3.7 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| IC Markets | $200 | 0.02 pips | Yes | No | 4.8 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
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Security & Fund Protection — FXTM
Yes
Segregated Funds
Client funds held separately from company funds
Yes
Negative Balance Protection
You cannot lose more than you deposit
Yes
Top-tier Regulation
FCA, ASIC, or equivalent oversight
Fund safety verdict for Cyprus traders
FXTM segregates all client funds and is regulated by top-tier authorities.
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FXTM User Reviews & Ratings
CompareBroker Expert Rating
3.7
★★★★★
Based on 50+ data points tested by our team
Independently verified
What traders love
+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support
Common complaints
- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
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FXTM Latest News & Updates 2026
FXTM expands TradingView integration
FXTM has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
FXTM maintains top-tier regulatory status
FXTM continues to hold its regulatory licenses, ensuring client fund protection for Cyprus traders.
New instruments added for Cyprus traders
FXTM has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is FXTM Worth It for Cyprus Traders?
3.7/5
★★★★★
FXTM is a strong choice for Cyprus traders who value regulatory safety and local support. Its CySEC license ensures your funds are protected, and the low minimum deposit makes it beginner-friendly. The availability of MT4/MT5, copy trading, and an Islamic account adds versatility. However, traders seeking the tightest spreads or highest leverage (without professional status) may find FXTM’s costs higher than unregulated competitors. We recommend FXTM for new traders, those trading with smaller capital, and anyone who prefers a regulated EU broker. Experienced scalpers or high-volume traders may want to compare with ECN-only brokers. Overall, FXTM earns a solid 3.7/5 for Cyprus traders — safe, accessible, but not the cheapest.
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FAQ — FXTM for Cyprus Traders
Is FXTM safe for Cyprus traders?+
How can I deposit money in FXTM from Cyprus?+
Does FXTM have Islamic account?+
What is the minimum deposit for FXTM in Cyprus?+
What trading platforms does FXTM offer?+
Is FXTM regulated and legit?+
Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated July 2026.
