FXTM Review
Trader's rate 4.5
Editor's rate 5.0

Trading Accounts


Account type Minimum deposit   Minimum trade size Maximum leverage  Average Spreads  Execution type
Cent  $5 0.01 1:500 2.2 pips  Instant
Standard  $100 0.01 1:500 1.8 pips Instant
ECN Zero.mt4 $200 0.01 1:500 1.7 pips  Market
ECN MT5 $500  0.01 1:500 1.9 pips + commission $2* Market
ECN $500  0.01 1:500 0.7 pips + commission $2* Market
PRO $25 000 0.01 1:200 0.4 pips Market


* Commission is calculated per standard lot of 100 000 currency base units (per side).
** Leverage depends on the knowledge and experience of each Client


FXTM offers a wide range of trading accounts, which may be categorized in two groups: Standard (Standard, CENT, and Shares accounts) and ECN (ECN MT4, ECN MT5, ECN ZERO and Pro).


In addition to the ones shown in the table above, there is a special account for trading in CFDs on shares, called Shares account, which is directly connected to NYSE and NASDAQ’s product price listings.


Furthermore, FXTM offers PAMM and swap-free options. Swap-free (Islamic) services are available on all account types (except the MT5 one) and involve a fee of $ 1.7 per lot.


Micro, mini and standard lots are available on all account types.


Trading Conditions


Minimum initial deposit

In order to open an account with FXTM, one has to invest just $5, which is a symbolically low minimum initial deposit.


Spreads & Commission

Most of FXTM’s accounts are commission-free: Standard ones, as well as the ECN Zero and Pro accounts. Only ECN MT4 & ECN MT5 accounts involve a small commission fee of $4 (per standard lot round trip).


The floating spreads offered by this broker vary by account type. The tightest spreads are available on the ECN and Pro accounts; however, the latter is intended for institutional clients (with minimum initial deposit of $25 000), so we would recommend the ECN (MT4). The typical ECN (MT4) spreads amount to 0.7 pips on EUR/USD and if we include the commission, average trading costs for this pair are around 1.1 pips per lot, which is a good offer.


Maximum leverage

High leverage levels are available with this broker – up to 1:500. However, in order to control the risk associated with it, the broker utilizes a floating leverage system. 


The Company. Security of funds


FXTM is a broker that truly suits the needs of traders of all skill levels and preferences. Its offering covers more than 240 tradeable instruments, including a number of currency pairs and various CFDs. Besides, clients of this broker may choose from market and instant execution, MetaTrader 4 and MetaTrader 5 trading platforms, and a wide range of trading accounts. Besides, this client-centric broker created an array of ways to provide its clients with effective trading knowledge and education. 


Forex Time (FXTM) was established in 2011 when one of the co-founders of Alpari separated from the Russia-based broker and launched one of his own under the FXTM brand. Since then, the company has opened a number of offices around the world, and is believed to be one of the fastest growing brokers in the industry. The latest of them is FXTM London office which opened its doors in April this year in order to better serve clients in the UK and Europe. Besides, the company is regulated in multiple jurisdictions:





ForexTime Limited



ForexTime Limited

South Africa


FT Global Limited



ForexTime UK Limited




ForexTime Limited, doing business as FXTM, is licensed and regulated by the Cyprus Commodities and Exchange Commission (CySEC) as a Cypriot Investment Firm. Cypriot Investment Firm are required to hold at least €730 000 as a proof of financial stability. Client funds must be held in segregated accounts and regulated entities are required to report to the Commission on a regular basis.


Furthermore, CySEC applies a compensation scheme as an additional guarantee to clients’ funds. All CySEC-regulated companies are members of the Investor Compensation Fund, able to provide compensations to a maximum of 20,000 EUR per person in the event of broker insolvency.


As Cyprus is part of the European MiFID regulations, all CySEC regulated are free to operate in all EU Member States. In spite of this, FXTM is officially registered with a number of EU regulators: UK’s FCA, Germany’s BaFin, Italy’s CONSOB, France’s AMF, Spain’s CNMV and Norway’s FSAN.


What is more, FXTM (ForexTime Limited) is licensed by the Financial Services Board (FSB) of South Africa as a Financial Services Provider. The broker holds a category 1 license to act as an Intermediary in Securities and Instruments (Shares, Money market instruments, Bonds, Derivative instruments).


Trading platforms


As we have already mentioned, FXTM supports both MetaQuutes platforms: MT4 and MT5. The broker offers both of them as desktop, web and mobile versions (for iOS & Android devices) and makes regular updates.


In spite of the number of enhancements made to MT5 lately (and the final introduction of hedging on both desktop and web versions), MetaTrader 4 is still preferred by most brokers and experienced traders. It provides an advanced charting package, lots of technical indicators, extensive back-testing environment and a variety of Expert Advisors (EAs). Thanks to its ease of use, MT4 is also suitable for beginner traders, for they can also find their way around it quite easily.


MT4’s successor, MetaTrader 5, allows the execution of orders in several financial markets and stock exchanges through a single trading account. The platform features advanced charting package, trading and analysis tools, alerts, signals, and customizable indicators. Besides, MetaQuites has recently made many significant upgrades to it, such as adding a tool for analyzing exchange markets, news management improvement, and most importantly the hedging feature.


For clients who prefer automated trading strategies through Expert Advisors (EAs), FXTM offers a designated forex VPS service, and technical traders can take advantage of the Trading Central technical analysis tool – free of charge. Besides, FXTM offers advanced copy-trading solution, called FXTM Invest.



FXTM regularly organizes various promotions and trading contests, as it strives to offer its clients the best trading opportunities and to empower their skills and knowledge.


At the time of writing this review FXTM offers Loyalty Cashback program, where traders can get $2 – $5 rebates per lot anyone who deposits $5 up to $10000, based on their deposit value. Meanwhile, new clients switching from another broker get $4 for every lot they trade.


In addition, the broker offers a Refer-a-friend bonus of $25 ONCE a referral becomes active.


Payment methods


FXTM offers various secure payment methods, including credit/debit card payments, Bank Wire transfers, and numerous E-wallets, such as Skrill, Neteller, Alsfa-Ckick, WebMoney, Western Union, Payza, dotpay, Yandex and Qiwi.




ForexTime is a global and award-winning broker with clients from over 180 countries. It offers a wide array of almost everything: tradable products, trading accounts & platforms, payment methods, execution types, you name it.


Pros  Cons
Well-regulated No major disadvantages
Variety of tradable products and trading accounts offered  
Tight ECN spreads
Low minimum initial deposit & commission fees  
High leverage levels offered  
Promotions available  


Country: Cyprus

Regulated by:  CySEC (Cyprus), IFSC (Belize)

Licensed by the Financial Services Board (FSB) of South Africa, with FSP No. 4661

Website: www.forextime.com 


Loyalty cashback programme

Switch to ForexTime



✓ Regulated broker.

✓ Advanced risk management and segregation of client funds held in top-tier banks.

✓ SWAP-free option available. 

✓ Leverage up to 1:1000.

✓ Tight spreads starting from 0 pips.

✓ 120+ instruments including currency pairs, Spot Metals, CFDs on Commodity Futures, CFDs on ETF’s and Indices and Share CFDs.

✓  Variety of tailor-made account types to suit the needs of any type of trader. 

✓ Full feature trading platforms available on multiple desktop and mobile devices. 

✓ Various secure and trusted payment methods. Including credit/debit card payments, E-wallets and Bank Wire transfers. 

✓ Investment programs such as PAMM and FXTM Invest. 

✓ Regular Live and Demo Contests with amazing cash prizes (terms and conditions apply).

✓ Online forex courses and webinars for proper trader education.

✓ Local seminars held in different places around the world. 

✓ Daily in-depth fundamental analysis articles and videos.

✓ Customer Support team that speaks your language.

✓ Cutting edge mobile application to ensure you keep track of the markets at all times. 

HY Options

HY Options Review
Trader's rate 0
Editor's rate 3.7

Basic Information


Minimum deposit  Min./Max. bet size  Payout %  Bonus Trading platform
$100  $5/$1500 70% - 85% 50% (up to $10000)  SpotOption: desktop, web & mobile


HY Options is a Cypriot Binary options broker, offering trading in over 200 assets on the most popular SpotOption binaries platform under quite competitive trading conditions.

This is one of the brokers, placing a focus on training, offering a number of education articles, e-books, tutorials and videos.

Trading Accounts

HY Options offers its clients a choice of three basic account types, depending on the initial deposit: Silver, Gold ($2 500) & VIP ($10 000). Gold clients are getting Trading reports and Signals and professional account manager, while VIP clients are entitled to Dedicated Account Manager, Access to HY Options Financial Analysts, 1-on-1 Educational Programs & trainings, as well as Up to 100% Cash Bonus.

The Company. Security of Funds

HY Options is a binary options broker offering online trading in currency pairs, indices, commodities, stocks and precious metals. HY Options is a trading name of HYCM (Europe) Ltd. (formerly known as FTSL Financial Trading Solutions Ltd). The company is a part of Henyep group along with forex broker HY Markets. the group was set up 35 years ago and nowadays has a global reach and is active in in Europe, the Middle East, and Asia.

HYCM (Europe) Ltd. is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).

In order to provide a certain level of security, Cypriot financial watchdog applies a set of rules and requirements to license holders. First of all, CySEC requires Cyprus-based brokers to hold a minimum of €730 000 in order to prove their good financial standing. Moreover, all CySEC-regulated companies are members of the Investor Compensation Fund, which may cover tour investment loss to a maximum of 20,000 EUR per person in the event that the broker becomes insolvent. Such compensation schemes serve as an additional guarantee to clients’ funds.

In addition, as CySEC is part of the European MiFID regulations, and the companies regulated by the Cypriot financial watchdog are free to operate in all EU Member States.

What is more, this broker has registered with a number of EU authorities, such as FCA, BaFin, KNF, CNMV and others.


Trading Conditions

Trading Options: Up/Down, 60 second Pairs, one touch, Ladder.
Assets: Currencies, Stocks, Indices, Commodities, Metals
Expiry Times: 60 sec, 2min, 15 min, 24h, 24 hr+, End of Day


Minimum Initial Deposit
The minimum initial deposit for clients of HY Options is $100, which is a comparatively low initial amount. In comparison, Banc de Binary requires 250 EUR from traders to open an account.


Min/Max bet size
The minimum bet size with this broker is on the lower end of average, amounting to $5. In comparison, with Banc De Binary one can place a trade with just $1. Such low minimum bet sizes provide better risk management.


Payout amount
Depending on the Trading Options and expiry times, payout percentage offered by HY Options ranges from 70% to 85%. For instance, A Day binary Up/Down for EUR/USD has a payout of 85%. 60 Seconds Binary Options have a payout of 70%.
In comparison, Banc De Binary’s payout for the 60 Seconds EUR/USD pair is also 70%. 

Of course, the greater the percentage payout offer by the broker, the larger the return of traders.

Trading Platform

Like most binary options brokers, HY Options supports the SpotOption platform, available as desktop, web and mobile versions.
The platform offers useful functionalities, such as Double Up, Roll Over & Settle Now.

Double up enables traders to increase their initial investment at any time during the option term. Traders can “double up” their investment amount at any time.

Roll over, on the other hand, allows clients to delay the expiration time of the position to one of the next options. Clients may use this feature on a losing position and only once and an additional 30% will be added automatically to the initial investment.

Settle Now function allows traders to sell their binary option, up to 1 hour before the option expires. This feature helps traders to limit and reduce their loss and allows them to secure their profits early.


On-Deposit Bonus
Welcome bonus from 50% to 100% of the initial deposit (up to 10,000 USD) is available to clients of HY options. In order to qualify, a trader must deposit a minimum of $250, which can be withdrawn after trading 40 times the volume of the bonus value.

Methods of Payment

There are several payment methods available to HY Options’ clients: Credit/Debit cards (Visa and MasterCard) and Bank Wire.

Accepted currencies: USD, EUR, GBP.


HY Options is a reliable and licensed EU binaries broker, offering a variety of assets and trading options on the SpotOption platform under reasonable conditions. To sum up the above, here are the advantages and drawbacks in relation to this broker:


Pros  Cons
CySEC-regulated Mediocre returns
Low initial deposit & min. bet size
Comprehensive Educational Package  
A selection of binary option choices & assets   



FTSL Financial Trading Solutions Ltd, 15 Spyrou Kyprianou Avenue, Matrix Tower II, 1st floor, Mesa Geitonia, Limassol

Regulated by: CySEC

Country: Cyprus

Bonus: Up to 50% Welcome Bonus (Max $5,000)