Founded in 2011, FXTM (ForexTime) has grown into one of the world's most recognized forex and CFD brokers, serving over 3 million clients globally. Headquartered in Cyprus, the broker is particularly popular among European traders, including those in Spain. FXTM offers a wide range of trading instruments including forex, commodities, indices, and cryptocurrencies, with competitive spreads starting from 0.1 pips on ECN accounts. For Spanish traders, the broker provides localized payment methods such as Bank Transfer (SEPA), Skrill, and even USDT (Tether) for crypto-savvy clients. The minimum deposit of just $10 makes it accessible for retail traders in Spain. However, it's important to note that while the broker advertises leverage up to 2000:1, Spanish retail clients are subject to ESMA leverage caps (maximum 30:1 for major forex pairs). FXTM also offers copy trading and an Islamic account, catering to a diverse Spanish audience. Overall, FXTM is a well-established broker with strong regulation and a user-friendly experience for Spain-based traders.
| 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 Spain?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Spain 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 Spain 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 — Spain 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)
Spain 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 — Spain Muslim Traders
FXTM offers a genuine Islamic (swap-free) account for Spanish Muslim traders who wish to trade in accordance with Sharia law. This account type eliminates all swap (interest) charges on overnight positions, making it halal. There are no hidden fees for holding positions overnight, but FXTM may charge a small administrative fee if positions are held for an extended period (usually beyond 3-5 days) to cover hedging costs. To apply, Spanish traders simply need to select the Islamic account option during registration or contact customer support after opening a standard account. The account is available on both Standard and ECN platforms. Overall, FXTM's Islamic account is one of the more transparent options available to Spanish 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 Spain
| 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 Spain traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Spain traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Spain 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 — Spain Review
Support verdict for Spain
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 Spain Traders Make with FXTM
- Mistake: Not verifying the CySEC license on the official Spanish CNMV website before depositing. Always check the license number 185/12.
- Mistake: Using the maximum advertised leverage (2000:1) without realizing it is not available for Spanish retail clients due to ESMA restrictions (max 30:1).
- Mistake: Ignoring the swap-free account option if you are a Muslim trader — FXTM offers a genuine Islamic account with no hidden fees.
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FXTM vs Competitors in Spain
| 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 Spain 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 Spain traders.
New instruments added for Spain traders
FXTM has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is FXTM Worth It for Spain Traders?
3.7/5
★★★★★
FXTM is a reliable and well-regulated broker that offers a solid trading experience for Spanish traders. With a low minimum deposit of $10, multiple account types, and support for local payment methods like Bank Transfer and Skrill, it is particularly suitable for beginners and those with smaller capital. The CySEC regulation provides peace of mind with negative balance protection and fund segregation. However, experienced traders may find the spreads on the Standard account a bit high and the platform selection limited to MT4/MT5. The ESMA leverage cap also reduces the appeal for high-leverage traders. Overall, FXTM is recommended for Spanish retail traders who prioritize safety, low entry cost, and ease of use over ultra-tight spreads or advanced platform features.
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FAQ — FXTM for Spain Traders
Is FXTM safe for Spain traders?+
How can I deposit money in FXTM from Spain?+
Does FXTM have Islamic account?+
What is the minimum deposit for FXTM in Spain?+
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.
