FXTM (ForexTime) was founded in 2011 and is headquartered in Cyprus. It has grown into one of the world's largest forex brokers, serving over 2 million clients globally. For Indian traders, FXTM offers a compelling mix of low minimum deposits (just $10), support for UPI and IMPS deposits, and access to MetaTrader 4 and 5 platforms. While FXTM is not directly regulated by SEBI, it operates under the FSCA (South Africa) and FCA (UK) for international clients, including Indians. The broker is known for its transparent pricing, extensive educational resources, and fast execution. It is particularly popular among tech-savvy Indian traders who want advanced charting tools and copy trading features. However, traders must be aware that they are opening accounts with an international entity, which means they do not have SEBI's investor protection. Overall, FXTM is a reliable broker for Indian traders who understand the risks of offshore trading and want access to high leverage (up to 1:2000) and diverse instruments.
| 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 India?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for India 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 India 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 — India 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)
India 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 — India Muslim Traders
FXTM offers a genuine swap-free Islamic account for Muslim traders who follow Sharia law. This account is available on the Standard, ECN, and Demo accounts. It is completely free of interest or swap charges on overnight positions. To apply, simply select the Islamic account option during registration or contact customer support after opening an account. FXTM does not charge any hidden fees for the Islamic account, but positions held for more than a few days may incur a small administrative fee (clearly disclosed). This makes FXTM a good choice for Indian Muslim traders who want to trade forex without violating their religious principles. The Islamic account also offers the same leverage and trading conditions as regular accounts.
| 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 India
| 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 India traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among India traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for India 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 — India Review
Support verdict for India
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 India Traders Make with FXTM
- Mistake: Not verifying the regulatory entity before depositing — always check which entity you are opening an account with (FSCA for most Indians).
- Mistake: Using maximum leverage (1:2000) without proper risk management — this can wipe out your account quickly.
- Mistake: Ignoring the Islamic account if you are a Muslim trader — you can request it anytime and avoid swap fees.
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FXTM vs Competitors in India
| 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 India 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 India traders.
New instruments added for India traders
FXTM has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is FXTM Worth It for India Traders?
3.7/5
★★★★★
FXTM is a reputable and well-regulated broker that offers a lot of value to Indian traders. Its low minimum deposit, support for UPI and IMPS, and access to MT4/MT5 make it a strong contender. The broker is particularly good for beginners and intermediate traders who want to learn and trade with a trusted global brand. However, the lack of SEBI regulation is a significant drawback for those who prefer local oversight. If you are an experienced trader who understands offshore trading risks and wants high leverage and tight spreads, FXTM is a solid choice. For absolute beginners, we recommend starting with a demo account to test the platform. Overall, FXTM earns a score of 3.7/5 for Indian traders.
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FAQ — FXTM for India Traders
Is FXTM safe for India traders?+
How can I deposit money in FXTM from India?+
Does FXTM have Islamic account?+
What is the minimum deposit for FXTM in India?+
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.
