FXTM Review In Depth Forex Broker Reviews and Ratings

As such we may earn a commision when you make a purchase after following a link from our website. A glossary – There is an extremely comprehensive glossary of financial markets and trading terminology covering hundreds of different terms and concepts. FXTM also offers various ebooks covering topics like Japanese candlesticks, cryptocurrency trading, and Elliott Wave Theory, which are good sources of materials to print out for offline study. When testing phone support, I experienced short wait times and received helpful responses. I asked a range of questions, from easy to difficult, and had a positive experience overall. I tested FXTM support via live chat and phone with dozens of inquiries over a two-week period.

FXTM Alternative Brokers & Comparisons

Please do get in touch with us at any time if you need any assistance. FXTM allows traders to expand their forex trading knowledge thanks to a plethora https://traderoom.info/fxtm-what-a-trader-is-in-for/ of educational content. The market analysis and education sections of their website are some of the most in-depth that we’ve come across.

1. This means trading is high accessible through FXTM for all level of trader.
2. The broker also offers Lloyds of London account insurance for up to $1M, in excess of $20,000.
3. Through ForexTime FXTM, you can access numerous currency pairs, commodities, single-stock shares, and contracts for difference (CFDs).
4. You can enter and exit positions in seconds, check live currency rates, manage your trading accounts, and remain one step ahead of the markets – anytime, anywhere.
5. FXTM provides a strong selection of assets to trade in across several markets.

What is FXTM leverage?

To its credit, FXTM has over a decade of experience, and entities are regulated by three agencies, including the top-tier UK FCA. FXTM excels in the area of research with analysis from a seasoned in-house team, complimented by trading signals from Acuity within the client portal and a range of custom MT4 add-ons. Prospective clients must complete an application with the Exinity Limited entity of FXTM to open an account. They will be asked to provide their gender, date of birth, field of work, citizenship, tax ID, address, and source of funds.

FXTM Review – Analysis of Brokers’ Main Features

While most brokers only have one or two accounts to choose from, FXTM boosts 8 different account types. The ECN accounts offer deep liquidity, fast executions and extremely tight spreads. FXTM is an award-winning broker with strict regulation in multiple jurisdictions. They have user-friendly trading platforms, various account types and funding methods, along with a vast range of educational materials and trading tools to help you make informed trade decisions. FXTM offer multiple account types and flexible leverage to suit all different types of trader. I found the spreads to be very low, starting from just 0.1 pips with deep interbank liquidity to ensure fast trade execution speeds and No Dealing Desk (NDD) technology to avoid a conflict of interest.

The only thing good about it, one of yr team Mr. Richard is very helpful. You can choose between six different types of FXTM trading account. Three of these are Standard Accounts and three are Electronic Communications Network (ECN) Accounts. With its superb range of trading resources and convenient mobile application, ForexTime FXTM is an excellent option for anyone who wants an easy entry point into foreign exchange trading. EBooks – FXTM offer five downloadable eBooks covering traders’ habits, crypto currency is, Elliot Wave theory, and two on Japanese candlesticks.

Withdrawals

As highlighted above, the ability to trade individual share CFDs on MT4 is one of the most exciting aspects of opening an account with FXTM. With real-time prices sourced directly from the NYSE and the NASDAQ, trade price movements of some of the largest global companies. ECN AccountECN Accounts allow your orders to be matched with the best bid and ask prices, offered by a list of top-tier liquidity providers. Short for an Electronic Communication Network, they are an automated connection to liquidity providers that cut out the dealing desk middle man at your broker.

FXTM’s MT4 platform also allows traders to access the multi-terminal feature that is unavailable on MT5. The sheer popularity of the MT4 platform has meant that FXTM will never close MT4 accounts and force clients to change to MT5. If you want to stick to MT4 and the massive back-library of custom indicators and EAs that have been developed for it, then you won’t have to worry about being forced to change by FXTM. This help me to get experience without loosing a lot of money while first training. Also, the site make easy for me to have many option when deposit or withdrawal.

FXTM also advertises it to institutional traders and hedge funds. It requires a minimum deposit of $25,000 or currency equivalent to open. FXTM earns its revenue from volume in this account type, as spreads will average above 0.2 pips, which remains one of the most competitive offers industry wide. The MT4&5 platforms feature state-of-the-art technical analysis and charting options.

With the FXTM app, available on both Android and iOS devices, you can monitor live rates and adjust your positions wherever you are. The inclusion of demo accounts and a flexible leverage system makes this a good trading platform for beginners and experienced forex traders alike. FXTM stood out as a versatile broker with a wide variety of tradable instruments, competitive trading costs via its Advantage raw spreads account, and robust research materials and tools. While this broker can accommodate beginners, I rate it most suitable for experienced, active traders. This account can be used as a way to test the standard account conditions FXTM offer, with a lower initial deposit. The maximum volume per trade is 1 lot whereas there is again no commission charged but the spreads are floating from 1.5 pips.

ECN Zero AccountAn FXTM ECN Zero Account has all the features of the ECN account above but without the commission charges. To compensate for no commissions, you’ll notice that your spreads are slightly wider, but still under the level of Standard Accounts. MetaTrader 4 (MT4) is the tried and tested trading platform that has catapulted forex trading into the mainstream. Whether you have a PC, Mac, mobile, tablet, then FXTM has an MT4 option for you. FXTM is known as a specialist MetaTrader broker, focusing its CFD trading platform offering exclusively on the MT4 and MT5 platforms.

FXTM implements a fee for these kinds of trades, and traders must consider this when dealing with different currencies. FXTM’s Islamic account is designed to fulfill the demands of Muslim traders who adhere to Shariah principles, which restrict interest-based transactions. This swap-free account does not charge overnight interest on open positions, per Islamic financial principles. FXTM’s concept is dedicated to integrity, accessibility, and affordability. They began by getting regulatory licenses from reputable bodies like the FCA in the United Kingdom and CySEC in Cyprus, which ensured trader security and financial transparency.

Other advantages of MT4 include its powerful security system and multi-device functionality, which allow you to trade with total confidence and at your leisure. We now provide Multi Account Manager (MAM) on MT4 for simple management and your optimum convenience for traders with many accounts. Improve your trading now by combining this cutting-edge platform with FXTM’s exceptional goods and services. I appreciate how they are multilingual as it shows the broker is catering to the global trading community. In addition to MetaTrader, the broker also has their own in house FXTM Trader App, available for download on both Android and iOS. The FXTM App allows you to keep the markets at your fingertips with over 250+ instruments to trade.

CFD traders have a great range of instruments to work with, including crypto, soft commodities, and exotic forex pairs. FXTM offers real stocks from US exchanges, which is not typical for CFD brokers and represents https://traderoom.info/ a significant advantage for swing traders. This is complemented by average swap fees and a good selection of CFD instruments, making swing trading (holding positions for days or weeks) a great option at FXTM.

FXTM offers traders a commission-free and commission-based Forex account. The former ranks among the more expensive ones, but the latter account is one of the best ones available. I can highly recommend it for high-frequency traders and scalpers. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database.