Founded in 2011 and headquartered in Cyprus, FXTM (ForexTime) has grown into a global forex broker serving over 3 million clients worldwide. For South Sudan traders, FXTM offers a compelling package: a minimum deposit of just $10 USD, high leverage up to 2000:1, and support for local payment methods including Bank Transfer, Skrill, and USDT. The broker provides access to MetaTrader 4 and MetaTrader 5, two of the most popular trading platforms globally. FXTM is particularly relevant for South Sudan because it accepts clients from the region, offers Islamic accounts for Muslim traders, and provides educational resources in English. However, South Sudan traders should note that the regulatory entity they are assigned to (likely FSC Mauritius or FSCA South Africa) may not offer the same level of investor protection as the UK FCA. Overall, FXTM is a reputable broker that balances accessibility with a wide range of trading instruments, making it a strong candidate for retail forex traders in South Sudan.
| 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 Islamic (swap-free) accounts for South Sudan Muslim traders who wish to trade in accordance with Sharia law. These accounts do not charge or pay swap/rollover interest on positions held overnight. The swap-free feature applies to all forex pairs, metals, and indices. To apply, you must first open a Standard or ECN account, then request conversion to an Islamic account via live chat or email. FXTM does not charge any hidden fees for this account type, and it is available for all clients from South Sudan. However, some instruments (like cryptocurrencies) may not be swap-free. The account remains swap-free indefinitely, but FXTM may revert to standard conditions if it detects abuse (e.g., holding positions for months to avoid swaps).
| 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 South Sudan 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 South Sudan traders:
FXTM is a recommended broker for South Sudan traders who are looking for a low-cost entry into forex trading. With a minimum deposit of $10, high leverage up to 2000:1, and support for local payment methods like Bank Transfer, Skrill, and USDT, it is accessible and convenient. The availability of Islamic accounts and demo accounts further enhances its appeal. However, South Sudan traders should be aware that they may be regulated under the FSC Mauritius entity, which offers less investor protection compared to the UK FCA. If you are a beginner or a trader with a small capital, FXTM is a solid choice. For those seeking tighter spreads and lower commissions, the ECN account is worth considering. Overall, FXTM balances reliability, cost, and accessibility, making it a top contender for retail forex trading in South Sudan.