Founded in 2011, FXTM (ForexTime) has grown into a global forex and CFD broker with over 3 million clients worldwide. Headquartered in Cyprus, it is regulated by multiple top-tier authorities including the UK FCA and CySEC. For German traders, FXTM offers a low minimum deposit of just $10, making it one of the most accessible brokers for retail forex trading in Germany. The broker provides both standard and ECN accounts, supports popular platforms like MT4 and MT5, and offers local payment methods such as Bank Transfer (SEPA), Skrill, and USDT. While FXTM does not hold a BaFin license, it serves German clients through its FCA-regulated entity, which provides strong investor protection. The broker is particularly suitable for German beginners and intermediate traders looking for competitive spreads, copy trading, and Islamic accounts. However, experienced traders may miss advanced platforms like cTrader or TradingView. Overall, FXTM is a solid choice for retail traders in Germany who value low costs, regulation, and a wide range of instruments.
| 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 Islamic (swap-free) account for German Muslim traders who wish to trade in accordance with Sharia law. This account does not charge or pay overnight swap fees on most forex pairs and commodities, making it halal. There are no hidden fees, but be aware that positions held for extended periods (e.g., over 10 days) on certain instruments like indices or crypto may incur a small administration fee. To apply, German traders need to open a live account and then contact FXTM customer support via live chat or email, providing a valid reason (e.g., religious belief). The account is available on both Standard and ECN account types. It is important to note that swap-free accounts may have limited trading instruments compared to standard accounts. Overall, FXTM's Islamic account is one of the better options in the market for German Muslim traders.
| 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 Germany 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 Germany traders:
FXTM is a reliable and accessible broker for German retail forex traders, especially beginners. Its low minimum deposit, strong FCA regulation, and support for local payment methods make it a convenient choice. The broker offers competitive spreads on ECN accounts and a genuine Islamic account for Muslim traders. However, German traders should be aware that FXTM does not hold a BaFin license, so choosing the FCA entity is crucial for maximum protection. The lack of cTrader and TradingView may deter advanced traders, and German-language support could be better. Overall, FXTM is recommended for German beginners and intermediate traders who want a low-cost, regulated broker with good education and copy trading features. If you are an experienced trader needing advanced platforms, consider alternatives like IG or XTB.