FXTM Singapore Review
Pros (What we like)
- FCA regulation ensures high client fund protection
- Advantage account offers raw ECN pricing with very low commissions
- Excellent educational programs and daily market analysis seminars
- Micro accounts start from a $10 deposit
Cons (Drawbacks)
- Standard account spreads are relatively wide
- Withdrawal fees apply to bank wire and card transactions
FXTM Singapore: Overview & Executive Verdict
Established in 2011, FXTM (ForexTime) has grown into a major international multi-asset broker operating under the broader Exinity Group umbrella. In the Singapore retail market, FXTM appeals particularly to algorithmic scalpers and price-sensitive traders due to its institutional-grade Advantage ECN Account.
Singapore residents are contracted under Exinity Limited (regulated by the Financial Services Commission of Mauritius - FSC, Licence C113012295). In European and UK jurisdictions, group sister companies hold tier-1 authorizations from the UK Financial Conduct Authority (FCA 777911) and Cyprus Securities and Exchange Commission (CySEC 185/12). However, FXTM does not hold a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS). While we did not identify a matching entry for FXTM on the MAS Investor Alert List, absence from the alert list does not imply MAS endorsement, and offshore accounts lack domestic FIDReC recourse.
FXTM distinguishes itself with raw interbank pricing starting from 0.0 pips, a floating commission structure that decreases as monthly trading volume increases ($0.40 to $2.00 per lot), flexible micro-lot contracts starting at $10, and high-speed execution across MT4 and MT5.
FXTM: Singapore Quick Fact Table
| Accepts Singapore Traders | Yes (Serviced via Exinity Limited / FSC Mauritius) |
| MAS Regulatory Status | Not MAS Licensed (No CMS licence) |
| MAS Investor Alert List (IAL) | Not Listed (Current check; absence does not imply endorsement) |
| Operating Entity & Group Licences | Exinity Ltd (Mauritius FSC C113012295); Group: FCA (UK 777911), CySEC (185/12) |
| Minimum Deposit | $10 (Micro) / $200 (Advantage ECN) / $500 (Advantage Plus) |
| Advantage Account Spreads | From 0.0 pips + tiered commission ($0.40 - $2.00/lot per side) |
| Micro Account Spreads | From 1.5 pips (Commission-free markup) |
| Maximum Leverage | Up to 1:2000 (Floating leverage under Exinity Ltd) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), FXTM Trader Mobile |
| Execution Model | Market Execution with raw interbank liquidity feeds |
| Inactivity Fee | $5/month after 6 months of continuous account dormancy |
| Dispute Resolution | None in Singapore (Offshore accounts excluded from FIDReC) |
| Facts Last Verified | 2026-10-28 (Audited against official registry records) |
FXTM Advantage vs. Micro Account: Singapore Trader Selection
Choosing the appropriate account structure is critical when trading with FXTM from Singapore:
Advantage Account ($200 Min Deposit)
The Advantage Account provides raw institutional ECN pricing with spreads starting from 0.0 pips on EUR/USD. Commissions are structured on a floating scale between $0.40 and $2.00 per standard lot per side, making it one of the most cost-effective accounts in the retail trading space for high-volume traders.
Micro Account ($10 Min Deposit)
The Micro Account provides zero-commission trading with wider baseline spreads starting from 1.5 pips. It allows contract sizes down to 0.01 micro lots (1,000 currency units), providing an accessible testing ground for beginners transitioning from virtual demo practice to real financial risk.
Is FXTM Legal & Regulated in Singapore?
Individual retail trading with overseas brokers is legal for Singapore residents under the Singapore legal framework. Domestic criminal laws do not prohibit private individuals from depositing risk capital with offshore entities.
However, FXTM does not hold a Capital Markets Services (CMS) licence from MAS. While sister companies within the Exinity Group operate under stringent regulatory standards with the UK Financial Conduct Authority (FCA), Singapore accounts are contracted under Exinity Limited in Mauritius. Consequently, Singapore retail traders cannot access statutory compensation through the Singapore Deposit Insurance Corporation (SDIC) or dispute mediation via FIDReC.
Trading Platforms & Execution Latency
FXTM supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) alongside its proprietary FXTM Trader mobile app for iOS and Android. MT5 is recommended for multi-asset traders requiring depth-of-market (DOM) access and automated backtesting algorithms.
Execution servers are hosted in major financial data centers, ensuring fast order processing. However, Singapore retail participants executing high-frequency scalping algorithms should note the physical latency to European servers (~180ms) and consider utilizing a dedicated Virtual Private Server (VPS) for sub-millisecond automated order routing.
Singapore Banking: Deposits & Withdrawals
Available funding methods vary by account, location and payment provider. Singapore accounts commonly utilize international credit/debit cards (Visa/Mastercard), international wire transfers, and electronic wallets.
Traders funding accounts from Singapore should note that direct domestic bank clearing via FAST or PayNow is not natively integrated for offshore financial entities. Transactions are cleared through international payment gateways, and incoming currency conversions from SGD to USD account base currencies will incur standard commercial exchange rates.
Withdrawals must follow strict AML guidelines, requiring funds to return to the original deposit channel. While FXTM processes internal withdrawal requests within 24 business hours, international bank wire transfers typically require 2 to 5 business days to clear into domestic Singapore bank accounts.
Final Verdict & Risk Analysis
FXTM represents an established, high-execution broker particularly well-suited for Singapore retail participants who demand true 0.0 pip raw ECN pricing through its Advantage Account structure.
However, because FXTM is an unlicensed offshore entity in Singapore, traders must take personal responsibility for counterparty risk. Maintain disciplined risk management, utilize stop-loss orders, and avoid deploying emergency reserves or borrowed funds.
Frequently Asked Questions
Does FXTM accept Singapore traders?
Yes. FXTM accepts accounts from Singapore residents through its international operating firm, Exinity Limited (licensed by the Financial Services Commission of Mauritius - FSC, Licence C113012295). Singapore traders can complete account onboarding using a Singapore NRIC or passport and proof of residence.
Is FXTM regulated by the Monetary Authority of Singapore (MAS)?
No. FXTM is not licensed, regulated, or supervised by MAS and does not hold a Capital Markets Services (CMS) licence. Globally, the Exinity Group operates under stringent regulatory bodies including the UK Financial Conduct Authority (FCA 777911) and CySEC (Cyprus, 185/12). We did not identify a matching entry for FXTM on the MAS Investor Alert List; nevertheless, absence from the alert list does not imply MAS endorsement.
What is the difference between FXTM Advantage and Micro accounts?
The FXTM Advantage Account requires a $200 minimum deposit and provides institutional raw spreads starting from 0.0 pips, with an ultra-competitive tiered commission of $0.40 to $2.00 per lot based on monthly trading volume. The Micro Account requires only a $10 deposit and features commission-free trading with wider spreads from 1.5 pips.
What is the minimum deposit on FXTM for Singapore traders?
The minimum deposit depends on the account type selected: $10 for the Micro Account, $200 for the Advantage Account, and $500 for the Advantage Plus Account. Funding can be completed in USD, EUR, or GBP base currencies.
High-Risk Alert (YMYL Compliance)
Forex and CFD trading involves significant leverage, which can amplify both profits and losses. According to regulatory disclosures mandated by international authorities (such as the UK FCA and European ESMA), between 74% and 89% of retail investor accounts lose money when trading CFDs. Ensure you fully understand the mechanics of leverage and market volatility before committing capital.
Editorial Transparency & Research Standards
Our editorial team evaluates platforms through independent desk research, regulatory register audits (including MAS, FCA, ASIC, and CySEC databases), and verified fee schedule analysis. Editorial ratings are determined using our structured 7-dimension scoring framework. We refuse compensation in exchange for positive reviews or altered ratings. Review our Review Methodology and Editorial Guidelines.
Written by PeterRESEARCH EDITOR
Research Editor
Financial researcher focused on retail forex, commodities, and derivatives since 2012. Peter conducts independent desk research, regulatory audits, and fee schedule verification to provide transparent, risk-focused analysis for Singapore traders.