FXTM (ForexTime) was founded in 2011 and is headquartered in Cyprus, growing into a globally recognized forex and CFD broker. For Jordan traders, FXTM offers a compelling mix of low costs, flexible account options, and strong regulation. The broker is particularly relevant for Jordanians due to its support for local payment methods like Bank Transfer, Skrill, and USDT, as well as a swap-free Islamic account that caters to the country’s Muslim-majority population. With over 250 tradable instruments including forex, gold, oil, indices, and cryptocurrencies, FXTM provides ample opportunities for retail forex traders in Jordan. The broker’s low minimum deposit of $10 makes it accessible to beginners, while its maximum leverage of 2000:1 appeals to experienced traders seeking higher exposure. FXTM also stands out for its educational resources and copy trading features, which are valuable for Jordanian traders looking to learn or automate their strategies. Overall, FXTM is a solid choice for Jordan traders who prioritize regulation, variety, and affordability.
| 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 that is fully compliant with Sharia law, making it an excellent choice for Muslim traders in Jordan. This account eliminates all overnight interest (swap) charges on positions, allowing traders to hold trades without incurring or earning interest. The Islamic account is available for both Standard and ECN account types, with the same spreads and commissions. However, there is a caveat: positions held for more than a certain number of days (typically 7-10) may be subject to an administration fee. This fee is disclosed in the account terms and is not considered interest. To apply, Jordan traders simply need to request the Islamic account during registration or contact customer support. The process is straightforward and does not require additional documentation beyond standard KYC. For Jordanian Muslims, this account is a key advantage, as many local brokers do not offer such genuine swap-free 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 |
| 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 Jordan 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 Jordan traders:
FXTM is a reliable and well-regulated broker that is well-suited for Jordan traders, especially those looking for a low-cost entry point, an Islamic account, and multiple payment options. Its strong international regulation provides peace of mind, while the low minimum deposit and copy trading features make it beginner-friendly. However, the lack of local regulation and occasional withdrawal fees are drawbacks. FXTM is best for retail forex traders in Jordan who want a globally trusted broker with flexible account types and ethical trading options. If you are a beginner or a Muslim trader seeking a swap-free account, FXTM is a recommended choice. Experienced traders may prefer the ECN account for tighter spreads. Overall, FXTM earns a solid 3.7/5 rating for Jordanians.