FXTM Broker Review Forex & Stock Trading at FXTM

Why pay for expensive supplementary trading courses from a third party you don’t even know if you can trust, when FXTM’s articles, courses, and webinars are all accessible for free. If you’re someone who learns by visual means, then free forex webinars for FXTM traders will be of interest to you. 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.

Additionally, Exinity Limited is part of the Financial Commission, which is an organization that resolves disputes in the forex market of the financial services industry around the world. This gives you an extra layer of protection should anything happen to the broker. Our experts have created these tables based on the fees applied to a standard account. We consider a standard account to be the one that will appeal to most traders, often not the cheapest option but not a premium option either. They offer support through a number of mediums including phone, email, and a website-based live chat service.

Deposits and Withdrawals with FXTM

The lack of support for MetaTrader 5 is definitely a mark against FXTM’s overall platform provision. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Statements sent on time

The FXTM Trader App ensures mobile accessibility, while WebTrader offers a no-download trading solution. Cyprus-based ForexTime Limited, commonly referred to as FXTM, is one of the world’s most popular forex and contracts for difference (CFD) brokers. Since 2011, FXTM has provided traders with a wide range of trading instruments and educational resources, as well as fund protection, free demo accounts and account managers. The broker also provides traders with the MT5 trading platform, which is a more advanced trading platform developed by MetaQuotes Software.

What is FXTM leverage?

Certain accounts, such as the Advantage account, offer spreads as low as zero on major forex pairs and gold. Yes, FXTM offers demo accounts for all account types, allowing traders to practice and develop strategies without risking real funds. Third-party research from Acuity and MT4 add-ons reflect FXTM’s commitment to supporting clients. Active CFD traders can especially benefit from the advanced platforms and tools available, along with more competitive trading costs via the raw spreads Advantage account type. FXTM offers demo accounts via MT4, MT5, and the FXTM Trader mobile app. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money.

FXTM is a global forex broker offering access to a wide range of markets through the MT4/MT5 platform. Sometimes referred to as ForexTime, FXTM offers clients low-cost trading, fast execution, and world-class forex education. In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with FXTM (ForexTime). As a leading financial media outlet, our editorial content is driven by rigorous research and data-driven insights, free from external influence.

• Overall, the tradable assets at FXTM will best suit Forex and US equity traders.
• The rankings help you choose a Strategy Manager based on trading days, drawdown percentage, risk level, and monthly returns.
• Yes, FXTM offers MT4 and upgrades the core version with six plugins.
• With FXTM, you don’t need to go through the hassle of creating a crypto wallet either, as you can trade BTC, ETH, LTC, and RPL against the USD directly on the broker’s platforms.

Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance. Due to AML/CTF laws, FXTM cannot deposit funds to third-party accounts.

Social Trading

The funds are returned to the original source of payment typically on the following business day, assuming there are no verification delays or additional information required. Follow a similar structure with processing times from the same business day for cards to several days for wire transfers. Withdrawals back to the original payment source are standard, with minimal fees for e-wallets. Since its inception in 2011, FXTM (ForexTime) has become a prominent player in the online trading industry, specialising in forex and CFDs. The company operates under the regulation of esteemed authorities such as the UK’s Financial Conduct Authority (FCA) and Cyprus’ Securities and Exchange Commission (CySEC).

I appreciate how FXTM regularly updates their platform, ensuring that I have access to the latest features and technologies. I’m consistently impressed with the quality of FXTM’s market analysis. Their insights have helped me stay ahead of trends and make smarter trading decisions. They help me conduct thorough market analyses and make informed decisions. FXTM offers a wide range of assets, making it easy for me to diversify my portfolio. I can react quickly to market changes, which is essential for my trading strategy.

FXTM customer support

• As such we may earn a commision when you make a purchase after following a link from our website.
• It’s recommended to choose the account type that best suits your trading goals.
• 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.
• FXTM provides a safe and dependable trading platform for its clients.
• The official site of the broker features an exhaustive education section.

Video content is focused on a few categories like trading basics and FXTM Invest. Bite-size videos of less than two minutes walk viewers through important concepts like swap fees and how FXTM Invest works. FXTM also provides a range of custom add-ons for MT4 within the client portal, including a Pivot Point Indicator, Pip Value Calculator, Spread Indicator, and fxtm broker reviews a Market Data to CSV tool.

This process places importance on the things we know matter most to traders. Below you can see how scored in each of our high-priority categories. Brokersway is a website that provides unbiased reviews, ratings, and comparisons of online forex and CFD brokers.

With MT4, you can choose between three order execution types and four pending order types. For analytics, enjoy nine timeframes, 31 graphical objects, 30 technical indicators, and a single-thread strategy tester. Importantly, FXTM always stores client funds in segregated accounts held with top-tier EU banks to ensure that the funds are always protected. The broker additionally takes all necessary precautions to keep personal client information and other details safe. If you review the FXTM broker’s overnight rates, you will notice that they are around average. To help you make a decision regarding your trades and to provide transparency, you can see the rates on the Contract Specification page of the FXTM website without logging in.

A swift online application onboards new clients, and the process takes less than 20 seconds, as FXTM does not collect unnecessary information. Forextime is also acquiring a regulatory license in Kenya as it expands across the African continent. On February 26th, 2021, FXTM ceased its retail operations from its CySEC regulated entity.

Most traders will satisfy this by sending a copy of their ID and one proof of residency document. I like that FXTM does not incorporate unnecessary steps or questionnaires. I highly recommend the commission-based option as trading costs remain among the best industry-wide, while the commission-based account charges relatively expensive fees. Forextime (FXTM) offers a commission-free trading account, Advantage Plus, and a commission-based alternative, Advantage.

I like that Forextime continues to adjust to market and regulatory changes, ensuring traders maintain a competitive edge. The degree of transparency is another positive I want to point out. Big Four accountancy PricewaterhouseCoopers Limited (PwC) audits published statistics per International Standard on Assurance Engagements (ISAE) 3000. FXTM provides a great environment for both novice and experienced traders. Their resources cater to all skill levels, making it accessible for everyone. FXTM has transformed my trading experience with its intuitive platform and exceptional customer service.