FXTM (ForexTime) vs Mitrade: which broker is better in 2026?

We compare FXTM (ForexTime) and Mitrade — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, Mitrade edges ahead (3.6/5), but the right choice depends on what matters most to you — check the breakdown below.

Side-by-side comparison

CriteriaFXTM (ForexTime)Mitrade

Overall score 3.5 3.6

Regulation & safety 3.0 3.5

Fees & deposit 3.5 4.0

Platform & assets 4.0 3.5

User support 3.5 3.5

Trust score68/10072/100

Minimum depositVaries by account type — check the official siteVaries by account type — check the official site

Demo accountAvailableAvailable

PlatformsMetaTrader 4, MetaTrader 5Proprietary web platform, iOS/Android mobile app

Fee modelStandard / advantage spread; figures varyCommission-free, spread-only pricing (plus overnight funding on leveraged positions) — exact spreads not yet verified in detail

Pros & cons

FXTM (ForexTime)

Strong presence in Africa & Asia; good education
FCA/CySEC licenses for certain entities
MT4/MT5 + various account types

Many retail clients via the Mauritius entity (lighter regulation)
Standard spread is not the cheapest
Leverage is high-risk

Mitrade

Multi-jurisdiction licensing (ASIC Australia, CySEC Cyprus, FSCA South Africa) with an easy, beginner-friendly proprietary platform
Commission-free spread-only pricing; Australian platform reportedly carries a Lloyd's of London excess-of-loss insurance policy (capped at AUD 1,000,000 for qualifying claims on insolvency)
Wide CFD coverage (forex, indices, commodities, crypto, ETFs, shares) on web + mobile, with demo accounts and modern payment options (Apple Pay/Google Pay in AU)

Regulatory history includes a 2023 ASIC interim stop order (later revoked) and a 2024 Philippines SEC advisory — worth reading before depositing
Own platform only — no MetaTrader 4/5 or cTrader for advanced/algorithmic traders
Leveraged CFDs are high-risk, and the UAE licence covers promotion only, not brokerage — entity coverage varies a lot by country

Regulation at a glance

FXTM (ForexTime)

ForexTime (FXTM) — regulated by the FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSC (Mauritius). Many clients via the Mauritius entity.

Mitrade

Operates through separate entities per region: Mitrade Global Pty Ltd (Australia) under ASIC; MiTrade EU Limited (Cyprus) under CySEC (licence 438/23, since 9 October 2023); a Financial Sector Conduct Authority (FSCA) entity in South Africa via the 2025 acquisition of Fridah Asset Managers (to be renamed Mitrade Markets Pty Ltd); plus a 2026 UAE Capital Markets Authority Category 5 licence limited to introduction/promotion only (NOT brokerage). Which entity serves you — and its protections — depends on your country. Verify directly with the relevant regulator before signing up.