FXTM Account Types & How to Open

In the sections that follow, we walk through what is actually disclosed about the account types, the minimum deposits, the leverage, the platforms and the opening process. Where the public record is silent — and in several places it is — we say so plainly. We do not import figures from web searches or industry databases, because for a broker with this risk profile, a wrong number is worse than no number. Our goal is to give you a clear-eyed view of what you can verify, what you cannot, and what that means for your decision to deposit funds.

The licences on file for ForexTime Limited are as follows: CySEC Market Making (MM) licence number 185/12, FCA Forex Execution License (STP) licence number 777911, and FSCA Derivatives Trading License (EP) licence number 46614. We quote these numbers exactly as they appear in our records. However, we must stress that these licence numbers are associated with the well-known FXTM brand that has operated for over a decade — not necessarily with the entity registered in 2023 under the same name. The clone flag in our records suggests that this newer entity may be using the name and licence references of the legitimate broker to appear credible.

For a trader, the practical question is: which legal entity will hold my funds? The answer is not clear from the public record. The official domain my.1668-ft.co does not resolve to a standard corporate website, and our records show zero employees and zero verifiable social-media presence.

That is a red flag in itself. A regulated broker, even a small one, typically has a visible operational footprint. Here, the absence of any verifiable presence, combined with the 'Fake Broker' flag, means that the licences on file should be treated with extreme caution — they may belong to a different entity entirely.

Our records do not contain a detailed breakdown of the account types offered by this FXTM entity. We do not have verified information on whether it offers standard, cent, ECN or swap-free accounts. The legitimate FXTM brand has historically offered a range of account types, but we cannot confirm that this clone entity offers the same. In the absence of official documentation, we must state plainly: the account types are not disclosed in our records.

That absence is itself a finding. A broker that cannot or will not publish clear account specifications is not one that inspires confidence. If you are considering opening an account, you should demand to see the full terms and conditions, the order execution policy, and the client agreement — and you should verify that the legal entity named in those documents matches the one that holds your funds. If the broker cannot provide that, walk away.

We have no verified figures for the minimum deposit required to open an account with this FXTM entity. The legitimate FXTM brand has historically advertised low minimum deposits, but we cannot confirm that this clone offers the same. We also have no verified information on accepted funding methods, withdrawal processing times, or any fees associated with deposits or withdrawals.

For a trader, the lack of transparency on funding is a serious concern. Deposit and withdrawal policies are among the most common sources of complaints against brokers. If the broker does not clearly state its minimum deposit, its payment methods, and its withdrawal terms, you have no way to protect yourself. We recommend that you treat any request to deposit funds with extreme caution, and that you never send money to an account without first verifying the broker's identity and regulatory status.

Leverage is a double-edged sword, and for a broker with a severe risk score, it becomes a sharper blade. Our records do not disclose the maximum leverage offered by this FXTM entity. The legitimate FXTM brand has historically offered leverage up to 1:1000 in unregulated or lightly regulated jurisdictions, but within the EU, CySEC caps leverage at 1:30 for major forex pairs. Since this entity is registered in Cyprus and holds a CySEC licence, any leverage offered to EU clients should be subject to those caps. However, we cannot confirm what leverage is actually offered, because the information is not in our records.

For traders outside the EU, the picture is even murkier. The FCA and FSCA licences on file would impose their own limits — the FCA also caps leverage at 1:30 for retail clients, while the FSCA has historically allowed higher leverage. But again, we have no verified figures.

In FXCanary's assessment, the lack of disclosed leverage is a red flag. A broker that does not publish its leverage policy is not being transparent about the risks you are taking. If you do proceed, we urge you to use the lowest leverage possible and to understand that your entire deposit could be lost.

We have no verified information on the spreads, commissions, or any other trading costs charged by this FXTM entity. The legitimate FXTM brand has historically advertised tight spreads and low commissions, but we cannot confirm that this clone offers the same. In fact, we have no evidence that this entity offers any trading services at all, beyond the name and the licence references.

Trading costs are a critical factor in choosing a broker. If a broker does not disclose its spreads and commissions, you cannot calculate the true cost of your trades. That lack of transparency is a warning sign. We recommend that you ask the broker for a full schedule of fees before opening an account, and that you compare it with the published costs of other, more established brokers. If the broker is evasive or refuses to provide the information, that is a clear signal to look elsewhere.

We have no verified information on the trading platforms offered by this FXTM entity. The legitimate FXTM brand has historically offered MetaTrader 4 and MetaTrader 5, as well as a proprietary mobile app. However, we cannot confirm that this clone entity offers any of these platforms. The official domain my.1668-ft.co does not appear to host a trading platform, and our records show no verifiable website or social-media presence.

For a trader, the platform is the primary interface with the market. If you cannot verify that the broker offers a reputable, stable platform, you have no way to execute trades reliably. We recommend that you test any platform with a demo account before depositing real funds, and that you verify that the platform is provided by a recognised vendor. If the broker cannot provide a demo or refuses to let you test the platform, that is a major red flag.

We have no verified information on whether this FXTM entity offers demo accounts. The legitimate FXTM brand has historically offered free demo accounts, but we cannot confirm that this clone does. Similarly, we have no verified details on the account-opening process, including the required documents, the verification steps, or the time it takes to open an account.

In a normal broker review, we would describe the KYC process and the steps to open an account. Here, we cannot, because the information is not in our records. That is a significant gap.

A legitimate broker will have a clear, documented onboarding process that includes identity verification and a client agreement. If this broker cannot provide that, it is not operating to industry standards. We strongly advise you to avoid providing any personal or financial information to this entity until it can demonstrate that it is a legitimate, regulated broker.

In FXCanary's assessment, the account offering at this FXTM entity is not something we can recommend to any trader. The combination of a severe scam risk score, the 'Fake Broker' flag, the clone/impersonator flag, and the complete lack of verifiable account details makes this a high-risk proposition. The licences on file may be genuine, but they appear to belong to a different entity — the legitimate FXTM brand — and the 2023-registered ForexTime Limited has not demonstrated that it operates under those licences.

If you are looking for a forex broker, we urge you to consider only brokers that are clearly regulated, have a verifiable track record, and publish transparent account terms. For this entity, the absence of information is the story. We cannot confirm the account types, the minimum deposit, the leverage, the spreads, the platforms, or the opening process.

That is not a broker — it is a black box. Our advice is simple: do not deposit funds with this entity until it can provide verifiable proof of its regulatory status and a full, transparent account offering. Until then, treat it as a severe risk.