📋
FXTM Overview for Hungary
Founded in 2011 and headquartered in Cyprus, FXTM (ForexTime) has grown into one of the most recognizable retail forex brokers globally. For Hungary traders, FXTM offers a gateway to the global forex market with competitive spreads, a low $10 minimum deposit, and support for popular local payment methods like Bank Transfer, Skrill, and even USDT. While the broker does not have a physical office in Hungary, its EU-regulated entity under CySEC allows seamless trading for Hungarian residents. The broker boasts over 3 million registered clients and offers a wide range of instruments including forex, indices, commodities, and cryptocurrencies. FXTM is particularly appealing to Hungarian traders looking for a balance between low costs and advanced trading tools, though the absence of a local regulator (MNB) is a notable drawback. The broker’s strong reputation, educational resources, and copy trading feature make it a solid choice for both beginners and experienced traders in Hungary.
| 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 |
🛡️
Regulation & Safety — Is FXTM Safe for Hungary?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Hungary traders
Always verify FXTM's regulation at the official regulator website before depositing.
📉
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 |
💼
Account Types for Hungary 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 |
💳
Deposits & Withdrawals — Hungary 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)
Hungary 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.
☪️
Islamic Account — Hungary Muslim Traders
FXTM offers a genuine Islamic (swap-free) account for Hungarian Muslim traders who wish to trade in accordance with Sharia law. This account type is available on both Standard and ECN Zero accounts, and there are no hidden fees or interest charges on overnight positions. To apply, simply contact FXTM customer support after opening a live account, or select the Islamic account option during registration. The broker does not charge any administrative fees for maintaining the Islamic account, making it a fair and transparent offering. However, it’s important to note that some brokers impose a fee after a certain number of days, but FXTM does not have such a policy. This makes FXTM a strong choice for Muslim traders in Hungary looking for ethical trading options.
| 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.
📊
Instruments & Markets in Hungary
| 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 Hungary traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Hungary traders.
🎓
Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Hungary traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
💬
Customer Support — Hungary Review
Support verdict for Hungary
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
⚠️
Common Mistakes Hungary Traders Make with FXTM
- Mistake: Not verifying which regulatory entity you are opening an account with – always choose the CySEC-regulated entity for EU protection.
- Mistake: Ignoring the impact of swap fees on long-term trades – use the Islamic account if you want to avoid overnight interest.
- Mistake: Not using the demo account first – practice with virtual funds before depositing real money to understand the platform and trading conditions.
🔍
FXTM vs Competitors in Hungary
| 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 |
🔒
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 Hungary traders
FXTM segregates all client funds and is regulated by top-tier authorities.
⭐
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
📰
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 Hungary traders.
New instruments added for Hungary traders
FXTM has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is FXTM Worth It for Hungary Traders?
3.7/5
★★★★★
FXTM is a reliable and well-regulated broker that offers excellent trading conditions for Hungary traders, especially those looking for low costs and a wide range of instruments. The low minimum deposit and support for local payment methods like Skrill and Bank Transfer make it easy to get started. However, the lack of direct regulation by the Hungarian National Bank (MNB) and the absence of Hungarian language support are notable drawbacks. For experienced traders who prioritize trading conditions and are comfortable with EU regulation, FXTM is a strong choice. Beginners may also benefit from the educational resources and demo account. Overall, we recommend FXTM for Hungary traders who want a reputable broker with competitive spreads and a global presence.
❓
FAQ — FXTM for Hungary Traders
Is FXTM safe for Hungary traders?+
How can I deposit money in FXTM from Hungary?+
Does FXTM have Islamic account?+
What is the minimum deposit for FXTM in Hungary?+
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.
