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FXTM Overview for Norway
Founded in 2011 and headquartered in Cyprus, FXTM (ForexTime) has grown into a global broker serving over 2 million clients, including a significant number of retail traders from Norway. With an overall score of 3.7, FXTM offers a balanced mix of low costs, high leverage (up to 2000:1), and a wide range of instruments. For Norway traders, FXTM is particularly attractive due to its low minimum deposit of $10 (about 100 NOK) and support for local payment methods like Bank Transfer (SEPA), Skrill, and USDT. The broker's regulation by the FCA and CySEC provides a layer of security, though it lacks a direct Norwegian license. FXTM is best suited for beginners and intermediate traders who prioritize MetaTrader platforms and copy trading features. However, advanced traders may find the lack of cTrader and TradingView limiting. Overall, FXTM is a reputable broker that offers a solid trading environment for Norway residents.
| 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 Norway?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Norway 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 Norway 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 — Norway 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)
Norway 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 — Norway Muslim Traders
FXTM offers a genuine swap-free Islamic account for Muslim traders in Norway, compliant with Sharia law. This account is available on all account types (Standard, Standard Plus, Zero Spread) and does not charge overnight interest (swap) on positions. However, if a position is held for more than a few days, a small administrative fee may apply, depending on the instrument. To apply, contact FXTM support via live chat or email and request the Islamic account. You will need to provide a valid reason (e.g., religious belief) and your account will be converted within 24 hours. There is no hidden catch, but it's important to note that some instruments like cryptocurrencies may still incur swap fees. Overall, FXTM's Islamic account is a reliable option for Norway 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 |
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 Norway
| 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 Norway traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Norway traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Norway 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 — Norway Review
Support verdict for Norway
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 Norway Traders Make with FXTM
- Mistake: Not verifying the entity you trade with — Norway traders should ensure they register under the CySEC entity for EU protection, not the FSC Mauritius entity.
- Mistake: Ignoring the conversion fees when depositing in NOK — FXTM processes all deposits in USD, so your bank may charge a conversion fee. Use Skrill or USDT to avoid this.
- Mistake: Holding positions for too long on the Islamic account — while swap-free, long-held positions may incur an admin fee, so close trades within a reasonable timeframe.
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FXTM vs Competitors in Norway
| 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 Norway 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 Norway traders.
New instruments added for Norway traders
FXTM has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is FXTM Worth It for Norway Traders?
3.7/5
★★★★★
FXTM is a reliable broker for Norway traders, especially those starting with small capital or preferring MetaTrader platforms. Its low minimum deposit, competitive spreads, and support for local payment methods make it a convenient choice. However, the lack of a Norwegian license and limited platform options (no cTrader/TradingView) are drawbacks. For retail traders in Norway who value regulation and low costs, FXTM is a solid option. I recommend it for beginners and intermediate traders, but advanced traders may want to explore brokers with more platform diversity. Overall, FXTM earns a score of 3.7 for Norway traders.
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FAQ — FXTM for Norway Traders
Is FXTM safe for Norway traders?+
How can I deposit money in FXTM from Norway?+
Does FXTM have Islamic account?+
What is the minimum deposit for FXTM in Norway?+
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.
