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FXTM Overview for Philippines
FXTM (ForexTime) was founded in 2011 and is headquartered in Cyprus, with a global presence spanning over 150 countries. For Philippines traders, FXTM stands out due to its low minimum deposit of $10, support for local payment methods like Bank Transfer (BDO, BPI), Skrill, and USDT, and an Islamic account option for the country's Muslim population. The broker serves over 2 million clients worldwide and offers forex, indices, commodities, and crypto trading. While it lacks a specific Philippines regulatory license, its strong FCA and CySEC oversight provide a layer of trust. FXTM also offers copy trading and educational resources, making it suitable for both beginners and experienced traders in the Philippines.
| 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 Philippines?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Philippines 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 Philippines 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 — Philippines 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)
Philippines 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 — Philippines Muslim Traders
FXTM provides a genuine Islamic (swap-free) account for Muslim traders in the Philippines. This account complies with Sharia law by eliminating all overnight interest charges (swap) on positions held beyond the daily rollover. There are no hidden fees or administrative charges for using the Islamic account. It is available on both Standard and ECN accounts. To apply, simply request the swap-free option during registration or contact customer support. Note that instruments like cryptocurrencies and some indices may not be swap-free. This makes FXTM a solid choice for Filipino Muslim traders seeking ethical trading.
| 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 Philippines
| 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 Philippines traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Philippines traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Philippines 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 — Philippines Review
Support verdict for Philippines
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 Philippines Traders Make with FXTM
- Mistake: Not verifying the regulated entity before depositing. Philippines traders should ensure they sign up with the FCA or CySEC entity, not the unregulated offshore one.
- Mistake: Using maximum leverage (2000:1) without proper risk management. High leverage can wipe out accounts quickly; use lower leverage (e.g., 50:1) for safety.
- Mistake: Ignoring the swap-free account if you are Muslim. FXTM offers it for free, but some traders forget to request it and incur interest charges.
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FXTM vs Competitors in Philippines
| 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 Philippines 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 Philippines traders.
New instruments added for Philippines traders
FXTM has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is FXTM Worth It for Philippines Traders?
3.7/5
★★★★★
FXTM is a reliable broker for Philippines traders, especially those starting with a small capital or seeking an Islamic account. Its low minimum deposit, local payment support, and strong regulatory oversight make it a trustworthy choice. However, the absence of a Philippines-specific license and the very high leverage (2000:1) require traders to exercise caution and proper risk management. We recommend FXTM for beginners, Muslim traders, and those who prefer MT4/MT5 platforms. For experienced traders, the ECN account offers tight spreads. Overall, FXTM earns a solid 3.7/5 and is a good fit for the Philippine retail forex market.
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FAQ — FXTM for Philippines Traders
Is FXTM safe for Philippines traders?+
How can I deposit money in FXTM from Philippines?+
Does FXTM have Islamic account?+
What is the minimum deposit for FXTM in Philippines?+
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.
