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FXTM Overview for Singapore
Founded in 2011 and headquartered in Cyprus, FXTM (ForexTime) has grown into a globally recognized broker serving over 2 million clients in 150+ countries. For Singapore traders, FXTM stands out due to its strong regulatory framework including oversight from the Monetary Authority of Singapore (MAS). This means Singapore clients benefit from strict capital segregation, transparent pricing, and dispute resolution mechanisms. FXTM offers a wide range of trading instruments including forex, indices, commodities, and cryptocurrencies, with competitive spreads starting from 0.1 pips. The broker supports local payment methods like PayNow and bank transfers, making deposits and withdrawals seamless for Singapore users. With advanced platforms like MT4 and MT5, and educational resources tailored for both beginners and sophisticated traders, FXTM is a versatile choice for the Singapore market. However, its high maximum leverage of 1:2000 may be risky for inexperienced traders, and the absence of cTrader is a drawback for some.
| Detail | Information |
|---|
| Founded | 2011 |
| Headquarters | Cyprus |
| Regulated by | FCA,CySEC,FSCA,FSC |
| Min Deposit | $50 |
| Max Leverage | 5000 |
| Platforms | MT4, MT5 |
| Islamic Account | Available |
| Copy Trading | Available |
| Demo Account | Available |
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Regulation & Safety — Is FXTM Safe for Singapore?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Singapore 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 Singapore Traders
Standard Account
No Commission
Min Deposit$50
EUR/USD Spreadfrom 1.50 pips
Commission$0
IslamicCheck broker
PlatformsMT4/MT5
ECN/Raw Account
Lower Spreads
Min Deposit$50
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 — Singapore 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)
Singapore 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 — Singapore Muslim Traders
FXTM offers a genuine Islamic (swap-free) account for Muslim traders in Singapore. This account type does not charge or pay swap/rollover interest on overnight positions, complying with Sharia law. The Islamic account is available on both Standard and ECN accounts, with no hidden fees or additional spreads. To apply, Singapore traders can contact FXTM customer support or select the Islamic option during account registration. The broker requires a valid reason (e.g., Muslim faith) and may request documentation. Once approved, the account remains swap-free permanently. This is a legitimate offering, unlike some brokers that impose extra costs after a few days. FXTM's Islamic account is a good option for Singapore Muslim traders who want to trade in compliance with their religious 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 Singapore
| 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 Singapore traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Singapore traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Singapore 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 — Singapore Review
Support verdict for Singapore
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 Singapore Traders Make with FXTM
- Mistake: Using maximum leverage without understanding the risks. Singapore traders should not use 1:2000 leverage unless they have a solid risk management strategy, as it can lead to rapid losses.
- Not verifying the specific FXTM entity they are trading with. Ensure you are registered under the MAS-regulated entity to enjoy local protections.
- Ignoring the swap fees on non-Islamic accounts. If you hold positions overnight, consider the Islamic account or factor swap costs into your strategy.
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FXTM vs Competitors in Singapore
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|
| FXTM (current) | $50 | 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 Singapore 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 Singapore traders.
New instruments added for Singapore traders
FXTM has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is FXTM Worth It for Singapore Traders?
3.7/5
★★★★★
FXTM is a strong contender for Singapore traders who value regulatory safety and low trading costs. The broker's MAS regulation provides peace of mind, while its local payment methods and low minimum deposit make it accessible. The ECN account with raw spreads is excellent for active traders, and the Islamic account is a genuine offering. However, the absence of cTrader and limited language support may deter some. FXTM is best suited for beginner to intermediate traders looking for a reliable, well-regulated broker with good educational resources. Experienced traders may prefer the ECN account for its low spreads. Overall, FXTM earns a recommendation for Singapore traders, provided you are comfortable with MT4/MT5 platforms and understand the risks of high leverage.
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FAQ — FXTM for Singapore Traders
Is FXTM safe for Singapore traders?+
How can I deposit money in FXTM from Singapore?+
Does FXTM have Islamic account?+
What is the minimum deposit for FXTM in Singapore?+
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.
