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Forex Malaysia
FXTM Malaysia

FXTM (ForexTime) Malaysia - FXTM Broker Review

FXTM (ForexTime) Malaysia, based in Cyprus, has a worldwide reputation as an award-winning forex broker. The founder of FXTM, Andrey Dashin is a man of vision whose business insight and entrepreneurial mind have moved the company to the top of its field in the FX industry. “Time is money, invest it wisely,” is FXTM’s motto indicating how much the company cares about its clients’ time and efforts.

FXTM Malaysia provides its clients with segregated accounts at reputable banks, online payment systems and local Malaysian Banks as deposit and withdrawal methods, flexible leverage up to 1:1000, low spreads from 0.1 pips, over 100 trading instruments including Forex, Metals, CFDs, Energies, and Cryptocurrencies, different types of trading accounts namely Cent, Standard, ECN, ECN Zero, and Pro, in addition to MT4, MT5, WebTrader, and Mobile Trading Platforms. Additionally, the company offers innovative investment service FXTM-invest, online Forex courses, seminars, and webinars regularly to educate the traders for a better trading experience.

FXTM sees to it that the best trading services, customer support, and continuous dedication are granted to its clients, so their trading becomes easy, enjoyable, and with a peace of mind.

FXTM is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) of the UK, and the International Financial Services Commission (IFSC) in Belize. The company is also a member of the Investor Compensation Fund (ICF).
Regulations: CySEC, IFSC, FCA
Country: Cyprus
Year founded: 2011
Malaysian Client Support: Yes
Local bank deposit in Malasyia: Yes
FXTM Rating: 4.8 / 5
Rating: 4.8 / 5

FXTM (ForexTime) Malaysia Account Types

FXTM Malaysia provides several types of trading accounts: Standard, Cent, Shares, ECN, ECN Zero, and Pro, which are suitable for all traders from beginners to experts. SWAP-free option (Islamic Forex Account) is also available at FXTM Malaysia.
Minimum Deposit: $100
Leverage: 1:1000
Minimum trade size: 0.01
Spread Type: Floating from 1.3 pip
Commission: No
Account Currency: USD, EUR, GBP

Minimum Deposit: $5
Leverage: 1:1000
Minimum trade size: 0.01
Spread Type: Floating from 1.5 pip
Commission: No
Account Currency: Cent

Minimum Deposit: $500
Leverage: 1:1000
Minimum trade size: 0.01
Spread Type: Floating from 0.1 pip
Commission: $4 / lot
Account Currency: USD, EUR, GBP

ECN Zero
Minimum Deposit: $200
Leverage: 1:1000
Minimum trade size: 0.01
Spread Type: Floating from 1.5 pip
Commission: No
Account Currency: USD, EUR, GBP

Minimum Deposit: $25000
Leverage: 1:200
Minimum trade size: 0.01
Spread Type: Floating from 0 pip
Commission: No
Account Currency: USD, EUR, GBP

The standard account offers services with tight floating spreads and floating leverage from 1:1000 via MetaTrader 4 and MetaTrader 5 platforms. The standard account comes with instant execution speed and is available in EUR, GBP, USD, with no hidden commission.

The cent account is essentially similar to the standard account but uses fixed leverage of 1:1000 and is only available via the MetaTrader 4 platform. The minimum deposit is 10 USD/GBP/EUR, allowing traders to trade in smaller sizes. The cent account is a perfect transition from demo trading to a live trading account.

The Shares account is used exclusively for CFD stock trading via the MetaTrader 4 trading platform with fixed leverage of 1:10 and zero commission. The data is provided in real time with instant execution from the renowned NYSE and NASDAQ Exchanges.

ECN accounts are specially designed for ECN trading, where all trades are STP (straight through process), and traders will be charged with a small fee by the broker.

ECN Zero Account is commission and SWAP-free (for MT4 accounts) with tight floating spreads and floating leverage up to 1:1000. Traders are allowed to use all methods including hedging and scalping with fast order execution and no re-quotes.

For true ECN account, traders are offered floating spreads starting from 0.1 pips and floating leverage up to 1:1000 with low commission starting from 4 USD. All trading strategies are also allowed.

The FXTM Pro account is specially designed for professionals, institutional traders, and hedge fund managers. It offers spreads as low as 0 pip without last look pricing and no re-quotes. FXTM Pro allows professionals to use any and all trading strategies without limitations.

FXTM Malaysia Deposit & Withdrawal

FXTM Malaysia offers various instant deposit methods with zero commission, including credit cards (Visa, Mastercard, and Maestro), e-wallets (Skrill, Neteller, DusuPay, WebMoney, PerfectMoney, Bitcoin, FasaPay), and Local Malaysian Banks (in Ringit).

Various withdrawal methods are available at FXTM broker. Fund withdrawals can be made with a minimum amount of 5 USD.

Most withdrawal methods such as Skrill, Neteller, and local bank transfer charge zero commission. However, other withdrawal methods such as WebMoney, Bitcoin, and online banking services may charge an additional fee varying from 0.5-2 %. Moreover, funds withdrawal using Bank Wire Transfer is subject to more than 5 USD fee since the actual fee is 30 EUR.

Withdrawals are processed within 24 hours (Monday to Friday, 03:00-19:00 GMT +2), but the time required for the funds to be transferred to the traders’ account will depend on the payment method (Bank Wires: 3-5 business days, credit/debit cards: 3-10 business days, e-wallets and local malaysian banks: 1 business day).

If the trader’s account remains inactive for 6 months, FXTM charges a 5 USD/EUR/GBP fee for inactivity.

FXTM Malaysia Spreads

At FXTM Malaysia, all trading accounts come with a floating spread, and the minimum spread is determined based on the account type. The clients would receive the lowest spreads on each trading account, the amount of which may vary according to the market fluctuations. The spreads on Standard and ECN accounts are offered from 1.3 pips with no commission and 0.1 pips with $4 commission respectively. Moreover, the FXTM Pro Account holders will get zero spread with no commission.

FXTM (ForexTime) Malaysia Security & Safety of Funds

FXTM Malaysia is committed to creating a safe and reliable trading environment to ensure the safety and security of its clients’ funds. As a global brand serving thousands of clients around the world, FXTM complies with the international standard of client protection.

Headquartered in Cyprus with a branch in the UK, FXTM is regulated by Securities and Exchange Commission (CySEC) of Cyprus, Financial Conduct Authority (FCA) of the UK, Financial Sector Conduct Authority (FSCA) of South Africa, and International Financial Services Commission (IFSC) of Belize.

FXTM broker ensures that the clients’ funds are segregated in independent bank accounts at the top-tier EU banks separate from the company’s operational or investment funds thereby preventing the clients’ funds from being affected in the case of bankruptcy.

FXTM is also a member of The Financial Commission and provides additional protection with the ICF (Investor Compensation Fund), maximum of 20,000 EUR per client as an insurance policy in the case of unresolved dispute.

Adopting the SSL (Secure Sockets Layer) network security protocol, all connections for transactions and communications are securely guaranteed and protected. All data transmission are encrypted to prevent data theft and unauthorized access.

Advantages of Trading with FXTM (ForexTime) Malaysia

Multi-Regulated by CySEC, FCA, FSCA, and IFSC
Local Malaysian Bank, WebMoney, FasaPay, Neteller, PerfectMoney & more
Floating spread from 0.1 pips with leverage up to 1:1000
FXTM Invest - Forex Investment Service (Copy Trading)
Standard, Cent, Micro, ECN, ECN Zero & FXTM Pro account types
Quality Forex Education, Market Analysis, Seminars & Webinars
Forex, CFDs, Futures, Metals, Energies & Cryptocurrencies
24/7 Malaysian support via email, phone, and live chat
MT4 & MT5, WebTrader, Multi-terminal & Mobile Platforms
Free VPS, Trading Signals, and Daily Market Analysis
Other trusted Forex brokers in Malaysia
Alpari Malaysia
FBS Malaysia
XM Malaysia
Tickmill Malaysia
RoboForex Malaysia
HotForex Malaysia