FXTM Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:6 58

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. I like that you can get access to plenty of tools to enhance your overall trading experience and excellent customer support. FXTM is a well-regulated and respected forex broker with a wide range of market instruments, competitive trading conditions, and user-friendly trading platforms.

In terms of content, it is quite high quality and can be recommended to traders. In a new window, fill out the form, indicating the name, surname, country of residence, mobile phone, e-mail address and password. With so many different definitions for traders to learn, FXTM have compiled a vast glossary of terms and definitions that is freely available on their website.

I want to trade options, are they available at FXTM?

FXTM’s ECN account is also available with CySEC regulation and is the first of three ECN accounts offered by the broker. With this account you can expect lightning fast ECN-style execution with a good minimum deposit of $500. Another popular program is the ongoing Loyalty program, which offers you actual cash, not points or virtual cash. You earn $5 in real cash that you can withdraw or use for future trades. All account types can be funded using a wide variety of institutions and services. While the majority of deposit options incur no commissions , the same does not hold true for withdrawals, which can be expensive to request.

• Please be informed that spread offered on our accounts is floating and depends on the trading account type, as well as on the market conditions.
• Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services.
• This is particularly useful for traders who want to take a broader view on the direction of a market, rather than focusing on individual stocks.

Follow strategy managers and copy their trades, removing the hassle of having to trade yourself.

FXTM has developed a customized mobile trading platform known as FXTM Trader that gives access to the financial markets from anywhere, anytime, on the go. The FXTM Trader app can be downloaded for free on both iOS & Android devices. Understanding and calculating the necessary margin requirement allows traders to manage risk and avoid closing a trade position due to insufficient margin in their trade account. Traders at FXTM can trade indices including AUS 200 , GDAX , ND 100m (US Tech 100– mini), UK 100, and SP500 (US SPX 500 – mini). Superior trading conditions at FXTM ensure that the traders can access the stock index trading market with suitable leverage appropriate for their trading style.

Trading Conditions

Choose experienced traders, follow them, and sit back while they do all the work. Your investment portfolio will grow with every successful trade, while you save your time and effort. This market is worth over $6 trillion daily, with central and private banks, hedge funds, traders, and travelers worldwide open 24 hours a day, 5.5 days per week exchanging money at different prices.

• You can only deposit money from accounts that are in your name.
• If you want to learn how it works start by going through this in-depth guide on forex trading.
• FXTM also offers a range of trading platforms, including the popular MetaTrader 4 and MetaTrader 5 platforms.
• It is the beginning of the second quarter of the year, which means it’s time for the quarterly reports with the unprofitability percentage from the forex brokers.
• FXTM is a regulated by FCA , CySEC, FSC, FSCA forex broker established in 2011.

We thank you for your trust in FXTM and please be assured that we have no reason to keep your money with us and it is our highest priority to ensure you have a hassle-free experience with us. When I withdrawn $1070 plus, they delayed for more than 24 hours but it has past 24 hours and they have yet to process. Other websites of this company include FXTM.com, ForexTimeChina.com.cn. The representative was professional and client-focused, and as we had chosen a beginner-grade question, they solved the query for us within 30 seconds.

FXTM Review

The professional fxtm review does require a minimum account balance of $25,000 is maintained to qualify. There are 3 standard account types and 3 Electronic Communication Network account types. MT4 is available on all accounts whilst you will need an ECN account if you wish to use MT5.

Another very simple incentive is FXTM’s refer a friend program. You get a $50 cash bonus when you refer a friend who opens an account and meets the current deposit and trading criteria. There is no limit to the number of friends you can refer. It requires a minimum initial account deposit of £500 or equivalent. Does not accept traders from the United States, Japan, Canada, Mauritius, Cypress, Puerto Rico, Korea, Haiti, Suriname. Top-tier regulatory oversight means a safer trading experience for all.

If you have any suggestions for improvement, please do share it with us and we will do our best to implement them. And if you need any assistance in the future, our team is always available to help you through our Live Chat portals. Over 250 trading instruments available & award-winning execution speed, super tight spreads and flexible leverage. FXTM, an Exinity Group company, announced the launch of 11 innovative new indices offering clients new ways to trade the FX majors and popular market sectors. The new products, promoted as new Currency and Stock Baskets, include six FX indices monitoring the performance of EUR, GBP, USD, JPY, AUD and NZD against baskets of other…

At FXTM they have multilingual customer support and technical support teams. Furthermore, there are personal account managers which are assigned to the traders and are readily available when they need help. FXTM is one of the few Forex brokers that manages to provide access to trading real stocks. The number is not too impressive if you’re planning to trade stocks, only 1307 in total. There are dedicated stock brokers in the markets that offer better trading platforms and larger pools of instruments, but for trading various asset types simultaneously, FXTM is ideal.

ISSUE WITH DEPOSIT

As of 2020, FXTM charges no commissions and dealing charges. Due to a migration of services, access to your personal client area is temporarily disabled. An alternative Alpari website offers services that are better suited to your location. Get spreads from zero, 1000+ instruments and first class education.

Whilst there should be enough for the casual trader, those of you who are looking to diversify a lot more, may want to consider Swissquote as an alternative as they have thousands of instruments to choose from. Daily Market Analysis is FXTM’s very own news portal that offers detailed market analysis and insights to keep you in the loop with the latest market happenings. They analyse price movements based and technical and fundamental analysis across a range of global markets. The Market Analysis team are regularly quoted in major international publications, including BBC, CNN, CNBC, Bloomberg, The Wall Street Journal, Financial Times, Reuters and Forbes. I found these to be really insightful and they helped me become aware of some market event that I may have otherwise overlooked. Webinars and seminars are live sessions conducted by market experts and analysts who provide insights and analysis on market trends and trading strategies.

What’s more, you will be denied withdrawals of your funds if you don’t complete this step. It’s understandable if you want to deposit your money and start trading right away, but it’s recommended to fully verify your account first and make your deposit later. The 1.5 pip markup is very high compared to other Forex brokers. Keep in mind that in a live trading environment, spreads can get much higher due to a lack of liquidity. The account type is suitable for intraday and high-frequency traders as traders that are placing more orders than position traders prefer to pay for commissions and save on spreads. When trading stock CFDs, traders have the ability to buy and sell assets and get revenue from markets moving up or down.

Any issue can be tolerated but not when it comes to withdrawal issues. I will update this review and rating if they fix this problem. We’re sorry to hear about your experience and we always do our best to improve our processes so our clients enjoy a trouble-free experience with FXTM. We have shared your feedback with our specialists and if you require further assistance, please do get on Live Chat with us.

The https://forexhero.info/ deposit requirement at ForexTime Ltd depends on the account type. For Micro accounts, traders must deposit a minimum of $10, whereas for Advantage and Advantage Plus accounts, the FXTM minimum deposit requirement is $500. Let us now learn more about the deposit and withdrawal options offered by FXTM, followed by trading and non-trading fees, FXTM commissions, & more.

In truth, it is still difficult to find any area of FXTM that’s lacking. They have shown tremendous progress over past couple of years and, if you reside in one of their covered markets, they are well worth your patronage. The program is tiered and caps out at $10,000 or equivalent.

We’re glad you’re having a great trading experience with FXTM. I am just a small trader who deposited USD1000 into FXTM account and traded for 1 month and earned $90. I’ve been an FXTM member since May 2021 and started professionally trading since last October.

In addition, MT5 offers several transaction types, an economic calendar, an email system, and 44 graphical objects. The MT4 platform offers interactive charts that are easy to read, and traders can analyze the markets in real-time. They also access over 30 technical orders indicator that helps them identify market trends and FXTM trading signals. Other notable benefits of the FXTM MT4 trading platform include the robust security system, multi-device functionality, and multi-account manager for ultimate convenience and easy management of trades. Note that MetaTrader 4 trading app is also available, which has revolutionized the trading experience as traders can now react to trade movements at lightning speed on any mobile device, including iPhone or Android. FXTM is an international CFD and forex broker, regulated by the UK FCA, CySEC of Cyprus and the Mauritian FSC. FXTM customer service gives fast and relevant answers.

Along with converters, calculators that designed to make trading to the trader of any level more professional. FXTM minimum deposit requirement is $/€/£ 100 for Account Standard and only $10 for a Cent Account. Also, all deposit fees are covered by the company which is great for your smart money management. And important to note that comply with the necessary regulatory guidelines in every region FXTM operates, which gains a high score from us in terms of its trust.

The features offered by the Advantage Plus account type are near-identical to the trading conditions offered by the Advantage account, with notable differences being in the commission-free trading and wider spreads. Traders at FXTM can choose from prominent securities in Europe, Australia, Asia, and the US and trade on indices. Traders can also trade silver and gold with the FXTM platform, including XAGEUR, XAGUSD, XAUEUR, XAUGBP, and XAUUSD.

FXTM accepts clients from all over the world, but there are a few exceptions. You might want to dig deeper and check FXTM trading fee calculations in more detail. This website is using a security service to protect itself from online attacks.