FXTM Review Online FX & CFD Trading With ForexTime

This means, if you are onboarded under Mauritius regulation (FXTM’s Exinitiy Ltd entity) you’d be able to use this feature. You can’t set fxtm broker reviews alerts and notifications on the FXTM web trading platform. If you want to open a corporate account, you have to send an email to FXTM.

The maximum bonus that can be claimed from this offer is $150, which is automatically credited to the account. The account verification process takes about a few minutes, and the brokers create an account as soon as the verification is complete so that traders can start trading at FXTM with the deposition of a minimum deposit. Traders at FXTM can trade indices including AUS 200 (Australia 200), GDAX (Dax 30), 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. This allows traders to amplify their positions and maximize profits on FXTM. Forex brokers usually provide a virtual practice account to its users without requiring any deposit.

However, the difficult part is choosing one account type over the other as there are 7 account types to choose from. ForexTime offers dozens of deposit and withdrawal methods as a way to appeal to a wide range of clients. Deposit methods include FasaPay, Ghana local transfers, Nigeria local bank transfers, Algerian local transfers, Kenyan local transfers, Indonesian local transfers. ForexTime (FXTM) offers an solid trading platform based on MetaTrader 4 and 5 and offers a wide range of trading instruments including Forex, CFDs for Indices & Commodities, Spot Metals and Shares CFDs.

There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies involves a high level of risk. In our review of FXTM, we found that it offers a disappointing range of financial assets compared to other similar brokers. It also lacks other popular products such as futures, bonds, and ETFs.

Whilst the majority of you would probably get by with the platform tools, it is always nice to have some more at your disposal and helps the broker standout form the competition. If tools are important to you, Markets.com have a great selection. Concluding the FXTM review, we admit that FXTM gives quality trading potential for both beginners and experienced traders or investors and FXTM is one of the leaders in Forex Trading. Moreover, there are other numerous advantages with FXTM too, alike great global coverage with a good focus on Africa region with Nigeria and Kenya trading opportunities. All necessary and useful tools are also included in the package, from risk management to analysis, as well as a uniquely developed trading tool like – Pivot points strategy and trading signals. Along with converters, calculators that designed to make trading to the trader of any level more professional.

FXTM Broker Review

All while you are out and about with your smartphone with an easy-to-use platform. With a combined experience of more than 30 years, the management pledges transparency and quality services. FXTM does not offer its services to residents from the US, Canada, Japan, Haiti, Mauritius, Noth Korea, Puerto Rico, and a couple of other countries. Through the ECN zero account, FXTM offers ask and bid prices directly from liquidity providers (LPs) although they do add a mark-up to the spread, the account is not charged a commission. This account has market execution with no re-quotes and spreads starting from 1.5 pips. If you just want to check prices and manage trades, MT4 will do the job.

It does not have the most beautiful interface, and it does require some time and effort to learn, but that is typical of advanced platforms. In addition, when trading with a broker authorized by the FCA, client funds are protected by the https://traderoom.info/ Financial Services Compensation Scheme (FSCS). The FSCS protects investments of up to £85,000 if a firm becomes insolvent. By contrast, a trader working with a broker entity regulated offshore would not necessarily have these benefits.

To assist with the decision, ForexTime displays the live rankings for top performers, with all the data verified by PwC. One very useful part of the ForexTime website is a comparison between MetaTrader 4 and MetaTrader 5. That way, clients can choose which platform from MetaQuotes will work best with their FXTM trading experience. You can have up to 100 orders or pending orders with this account type. This type of account has a margin call at 40 percent and a stop out at 20 percent. With a Standard Account from ForexTime, there is a minimum volume of 0.01 lots per trade.

What Can I Trade

What’s more, keep in mind that not all of the trading instruments are available when using the swap-free account. For example, you won’t be able to trade exotic pairs using the account type. The account type is aimed at position traders that make fewer trades than intraday and high-frequency traders.

In terms of funding methods, FXTM offers numerous payment methods which are a very good plus, yet check according to its regulation whether the method is available or not. The main entity ForexTime Ltd is regulated by CySEC of Cyprus, authorized by FSCA of South Africa, and by additional offshore authority FSC in Mauritius. Also, the FXTM UK brand is licensed by the Financial Conduct Authority known as sharp regulator, which has principals built by European MiFID and ICF allowing cross-broker activity.

These take place nearly every single day and are in a range of languages with a variety of topics. There are 8 timeframes, real-time updates with commentary, a user-friendly interface, and downloadable pivot point indicators. Also, over 250 financial instruments, and MACD, moving averages, and momentum.

Let us now learn more about the deposit and withdrawal options offered by FXTM, followed by trading and non-trading fees, FXTM commissions, & more. Spreads on Micro and Advantage Plus accounts start from 1.5 pips. There are no commission fees on trading for Micro and Advantage Plus. There are far more regulated Forex brokers in the industry than ever before, but the actual credibility of a company depends on how a broker treats its traders. There have been cases where even regulated Forex brokers have purposefully indulged in fraudulent activities to make quick profits.

Our Broker Review methodology

That way, you will earn a percentage of their profits, as much as 50 percent. ForexTime’s minimum and maximum deposits depend on the type of account that you choose. All clients can also deposit via cryptocurrencies, Dusupay, Alfa-Click, Dixipay, WebMoney, Yandex.Money, QIWI, Perfectmoney, Bitcoin via Skrill, Bitcoin, or Konnexone. In the case of certain accounts, there are floating commissions.

• Their customized MetaTrader platforms (4, 5) earn high marks from traders – more than 2 million to date have used the platform.
• In terms of MetaTrader 5, clients get access to Level II data and all execution modes.
• The Micro account offers average spreads for the industry, while the Advantage account offers more competitive spreads but also charges commissions.
• Our ultimate guide to the FXTM minimum deposit is updated regularly.
• ForexTime has been voted as the Best Forex Broker in Europe and Africa last year and is a significant step up from being recognised as the fastest-growing Forex broker in the world.
• Making the funds inaccessible for the broker’s day-to-day business operations, which increases the level of safety.

FXTM broker has received multiple awards and recognitions during its years of operations. Most recently, in 2018, the company was named the ‘Best FX Broker in Asia’ by World Finance as well as a broker with ‘The Best Conditions’. It was also named ‘The Most Innovative Broker’ of 2018 and ‘The Best Broker in Russia’.

Professional Accounts

The market could be located using the sidebar and the MT4 trade execution GUI is well known for keeping things simple. After our virtual trades were executed, the position was reported accurately in the Portfolio section of the platform. We could easily trade in and out of it as market prices fluctuated. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.

In terms of withdrawal, your money must be sent back to the same source from which FXTM received your funds originally. For example, if you used your credit card to fund your account, everything went fast and smoothly, no fees charged. Withdrawing money using the same method will cost you $3 and the process will take up to 24 hours. It’s important to note that the broker does not charge you any deposit fees.

FXTM broker also offers a referral to a friend program where you get $50, and if your friends join, they will also receive the same amount. You can even earn up to $10000 for referring to a big audience with your link, and the cash earned is withdrawable. Another exciting promotion is available at FXTM, where for every trade placed, the traders can get a winning ticket of 1.5K in their credit.

Once you register with FXTM, you can trade in 250+ financial instruments comprising CFDs in FX, commodities, indices, futures and shares. Individuals signing-up with FXTM in the UK also have the option of accessing the spread-betting markets. They give traders access to find new opportunities in the global commodities markets by trading CFDs online with low margin requirements. This is a flexible and convenient way to access the commodities markets rather than purchasing the product outright and to diversify your portfolio. Traders look to take advantage of the fluctuating prices of oil and other energy products.

FXTM offers trading through some of the most well-respected trading platforms in the industry in the form of both Metatrader 4 and Metatrader 5. MT4 is offered as you trading platform if you have a standard account, and MT5 is offered if you have an FXTM ECN account type. The tradable instruments and available platforms are rather basic at FXTM.

Should the need arise, FXTM ensures traders have swift access to a representative. The performance of FXTM trade execution is worth mentioning as the platform offers competitive trading conditions, and the technology used by the broker executes trades faster than any other broker. This enables traders to get the best price alerts available in the market compared to similar brokers lacking in this department. We’re glad to hear that you enjoyed your trading experience with us and that you made a lot of profits too!

Minimum deposits and FXTM spread are quite low, and copy trading and real stock trading features are also offered on the desktop trading platform, which strategy managers can also manage. The MT4 trading platform on FXTM supports multiple languages, more than 20 languages, and is compatible with both demo accounts and live ECN accounts. It is an industry-standard trading platform that provides access to financial instruments and markets, CFDs, indices, stock trading, and forex.

There is no commission on Standard Accounts, Cent Accounts, Shares Accounts, ECN Zero Accounts, or FXTM Pro Accounts. The NDD technology mentioned lets ForexTime work with various liquidity providers. That gives the clients the best possible prices for both bid and ask. It also provides the ability to deliver those previously mentioned instant trades.

This provides them an excellent mix of regulatory environments and a degree of flexibility depending on the entity you are trading under. The customer support team provides multilingual service, as do the personal account managers. This allows FXTM to attract native speakers of a wide range of languages. Over 90% of FXTM opinions from customers regarding ForexTime customer support are positive. This is a very strong indicator that a company has excellent customer service and customer satisfaction. FXTM Cent account spreads start at 1.5 pips and due to the availability of nano lots , you will be able to open positions for less than $1.

Then, you get your own Manager page to display trading statistics and start sharing your trading results via social media. Standard Accounts include a Standard Account, CENT Account (with micro lots), and Shares Account. The margin requirements and leverage requirements are listed for Standard, ECN, and ECN Zero Trading Accounts.

CFDs on stocks are currently not available for new clients in the UK. FXTM is relatively strong in the number of available CFDs on indices and the variety of major, minor and exotic currency pairs. Forex fees are offered by FXTM spread only with no commission in case you use Advantage Plus and Micro Account.