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FXTM Overview for Saudi Arabia
FXTM (ForexTime) was founded in 2011 and is headquartered in Cyprus. Over the past 15 years, it has grown into a globally recognized broker serving over 2 million clients in 150+ countries, including a significant number of traders from Saudi Arabia. The broker is particularly relevant for Saudi traders because it offers an Islamic (swap-free) account, supports local payment methods like Bank Transfer (via Saudi banks such as Al Rajhi, NCB, and SABB), Skrill, and USDT, and provides high leverage up to 1:2000. FXTM is known for its transparent pricing and extensive educational resources, making it a strong option for both beginners and experienced retail forex traders in the Kingdom. However, the absence of a direct license from the Saudi Arabian Monetary Authority (SAMA) means traders must rely on its international regulatory credentials.
| 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 Saudi Arabia?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Saudi Arabia 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 Saudi Arabia 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 — Saudi Arabia 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)
Saudi Arabia 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 — Saudi Arabia Muslim Traders
FXTM offers a genuine swap-free Islamic account that complies with Sharia law, which is essential for Muslim traders in Saudi Arabia. The account eliminates all overnight interest (swap) charges on positions held overnight, and there are no hidden fees or markups on spreads. The Islamic account is available for both Standard and ECN account types. To apply, Saudi traders need to register a live account and then request the swap-free feature via customer support. Approval is typically granted within 24 hours. This makes FXTM a strong choice for Saudi traders who want to trade forex, indices, or commodities without violating Islamic financial principles.
| 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 Saudi Arabia
| 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 Saudi Arabia traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Saudi Arabia traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Saudi Arabia 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 — Saudi Arabia Review
Support verdict for Saudi Arabia
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 Saudi Arabia Traders Make with FXTM
- Mistake: Not verifying the regulatory entity before depositing. Saudi traders should ensure they are signing up with the FCA-regulated entity for maximum protection.
- Mistake: Using Bank Transfer without checking intermediary fees. Some Saudi banks charge high fees for international transfers; using Skrill or USDT can save money.
- Mistake: Assuming the Islamic account is automatically applied. Saudi traders must request the swap-free account after registration, or they will be charged swap fees.
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FXTM vs Competitors in Saudi Arabia
| 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 Saudi Arabia 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 Saudi Arabia traders.
New instruments added for Saudi Arabia traders
FXTM has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is FXTM Worth It for Saudi Arabia Traders?
3.7/5
★★★★★
FXTM is a reputable broker that offers a reliable trading environment for Saudi Arabia traders, particularly those seeking an Islamic account and competitive spreads. Its strong regulatory oversight from the FCA and CySEC provides peace of mind, though the lack of direct SAMA regulation is a minor drawback. The broker excels in educational resources and platform stability, making it suitable for both beginners and experienced retail forex traders. However, traders who require more local payment methods like Mada or STC Pay may find the options limited. Overall, FXTM is recommended for Saudi traders who prioritize regulatory safety, Islamic compliance, and low entry costs, but it may not be the best fit for those wanting the widest range of local features.
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FAQ — FXTM for Saudi Arabia Traders
Is FXTM safe for Saudi Arabia traders?+
How can I deposit money in FXTM from Saudi Arabia?+
Does FXTM have Islamic account?+
What is the minimum deposit for FXTM in Saudi Arabia?+
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.
