FXTM ForexTime Broker Review: Fee, Features Analysis in 2024

FXTM offers 5 stock baskets, which are curated groups of companies from various sectors or themes that allow you to diversify your investment in a certain industry or trend with just one trade. Swap rates are charged on open positions held beyond the market day and represent the expense of retaining them. The charges fluctuate based on the instruments utilized and may vary subject to prevailing market conditions. The cost of commissions is based on a tiered system that considers trading volume, ranging between $0.40 to $2 per trade. Its popularity stems from how convenient it makes account management functions inclusive of making deposits or withdrawing earnings with immediate effect through this app’s straightforward design. With increased technical complexity, MetaTrader 5 surpasses its predecessor in capabilities.

Opening an Account

I like that they have strict regulation in multiple jurisdictions as this gives me confidence that my account with them is safe so that I can focus on my trading. You can try them out with a minimum deposit of just $10 and a simple account opening process that is completed online within minutes. Overall, I am very impressed with FXTM and what they have to offer traders from all backgrounds. They have strict regulation in multiple jurisdictions and offer a wide range of over 250+ trading instruments across multiple markets and intuitive platforms for desktop, web and mobile devices. The broker puts great emphasis on education whilst offering a flexible selection of trading accounts and convenient funding methods to suit different types of traders. Furthermore, I found them to have very competitive trading conditions including tight spreads, low commission fees and rapid trade execution speeds.

Does FXTM accept US-person clients?

Overall, FXTM is a trustworthy and highly regulated Forex Broker that offers access to a wide range of trading assets and user-friendly platforms. FXTM offers a 30-day sample account for risk-free platform familiarization and has a 92 out of 99 trust score. This account is similar to the ECN zero account but spreads start from just 0.1 pips and there is a small commission charge of $2 per lot. Spreads are usually tighter and execution speeds superior on an ECN account. There are 3 standard account types and 3 Electronic Communication Network (ECN) account types.

no chat services ?

They offer support through a number of mediums including phone, email, and a website-based live chat service. The communication through all channels is both speedy and professional. If you are interested in copy trading, FXTM also has you covered. They offer copy trading services through their https://traderoom.info/ own dedicated FXTM Invest platform where you can get started with a minimum deposit of $100. In addition to Expert Advisors with MT4, FXTM clients that have the ECN Zero account are able to access FXTM Invest, which is a platform that has over 750 strategy providers that traders can follow.

FXTM Main Features

The world of mobile trading is going to grow even broader due to FXTM’s brand-new forex trading app. The demand for investing applications has been expanding in recent years, and FXTM Trader is here to suit traders’ demands and better their online trading experience. You can enter and exit positions https://traderoom.info/fxtm-what-a-trader-is-in-for/ in seconds, check live currency rates, manage your trading accounts, and remain one step ahead of the markets – anytime, anywhere. Download one of the market’s newest and greatest trading applications now. Keep your market activity and all your trading accounts in your pocket, wherever you are.

FXTM Offers The Choice Of MT4 or MT5 Trading Platforms

1. This includes adhering to strict regulatory standards set by esteemed authorities like the Cyprus Securities and Exchange Commission (CySEC) and the UK’s Financial Conduct Authority (FCA).
2. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange.
3. ECN Zero AccountAn FXTM ECN Zero Account has all the features of the ECN account above but without the commission charges.
4. Yes, traders can request leverage changes by contacting FXTM customer care, subject to approval.
5. Compare FXTM with the top 3 similar brokers that accept traders from your location.
6. The trading instruments involve Currency Pairs, Metals, Commodities, and Indices.

The customer service team offers support in 18 languages, is available 24/5 and there is also personalised support from an Account Service Manager. Contact is via email and phone, plus live chat, alongside other media channels. It would, however, be good to be able to make contact at the weekend too. When it comes to trading platforms, FXTM only offers the popular MetaTrader 4 platform.

FXTM is particularly strong in the range of available CFDs on commodities, indices, and shares. Overall, I rate the FXTM Trader app as well-designed and especially good for beginners. However, it lacks advanced features, such as price alerts and trailing stop-loss orders.

In our tests for the Trust category, we also cover factors relating to stability and financial strength. Here, we evaluate the broker’s longevity in the industry, the company’s size, and its transparency. This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio. The owner(s) of this website may be compensated to provide opinions on products, services, websites and various other topics.

In addition, FXTM has their own proprietary copy trading solution called FXTM Invest which allows traders to follow and copy other experienced traders in the community. There are over 750 strategy providers that traders can take signals from. Yes, FXTM provides the FXTM Trader app, which gives a complete mobile trading experience with access to trading accounts, markets, and real-time quotations. FXTM’s minimum deposit for some account types is $10, making it accessible to traders with various budgets.

Unfortunately, this means that if you’re looking to use cTrader, then you are unable to with this broker. Rated as the broker offering the best forex education opportunities for CFD trading, the learning material available to FXTM account holders is second to none. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. A lot of thing need to be clear before they process my wd request. I’ve tried more than 10 fx broker, all of them not difficult like this one, only few minutes to receive money in my acc.