FXTM Reviews Read Customer Service Reviews of forextime com

Although, if you want to trade with an ECN type broker then their overall fees (including spread + commission) is much lower than most other brokers. Their Advantage account has low trading commissions per lot, so the overall trading fees is competitive with this account. FXTM’s trading fees with Micro accounts i.e. their spread are higher than the other regulated forex brokers that we have reviewed. Plus, they offer over wide range of trading instruments including 57 currency pairs, CFDs on Spot metals and Indices, share CFDs & cryptocurrencies too.

  1. Established in 2011, the FXTM Group is licensed, authorised, and regulated in multiple jurisdictions, including the CySEC in Europe, FCA in the UK, FSCA in South Africa and FSC in the Republic of Mauritius.
  2. Most traders will satisfy this by sending a copy of their ID and one proof of residency document.
  3. As a regulated broker, FXTM must comply with strict regulatory and reporting requirements  and maintain proper liquidity levels at all times.
  4. ECN Zero AccountAn FXTM ECN Zero Account has all the features of the ECN account above but without the commission charges.
  5. FXTM is an Islamic friendly broker with swap free accounts also offered.

User Reviews

The mission of the broker is to bring all financial market opportunities in to the hands of retail investors, wherever they are in the world. Today, the brand has done just that, and FXTM is now a global leader in the online trading environment. When trading at FXTM, traders should be assured of the suite of IT security measures and customer protections. The website uses encryption software to ensure users’ privacy and security.

What is FXTM leverage?

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How do I select my account-based currency when registering an FXTM account?

On the other hand, FXTM clients can get access to a wider selection of FX pairs and more stocks to trade. FXCM also has forex trading, but it’s not accessible for all FX pairs like with FXTM. FXTM’s ECN account ensures the best possible pricing for clients, which is derived directly from a pool of top-tier liquidity providers.

How to Open FXTM Live Account?

This platform lets you access your FXTM account from any computer connected to the Internet without the need to download any software. MT4 and MT5 are trading platforms which specializes in forex and futures trading. Compared to other brokers like Exness, who charge 0.9 spread for similar instrument, the fees is almost 3 times higher for CFDs on similar stock CFDs. ECN, stands for Electronic Communications Network, where the broker gives direct you access to the live forex markets.

It is based on the application of your information, and experience as a trained trader. Fear factor is a function of your inexperience and dependent on other people’s judgement. As a FXTM trader, your confidence level in the trading market is normal and can be managed by you.

Simply select your chosen finance method via the deposit section in your profile interface. ForexTime login details will be sent to the registered email address. In addition, a professional account is open to those that meet eligibility requirements. Cryptocurrency CFDs are available on 11 popular digital coins for those using the international entity. Bitcoin is available, alongside popular altcoins like Avalanch and Dogecoin.

FXTM ensures traders have swift access to a representative should the need arise. Forextime offers excellent spreads in its commission-based account, making it one of the cheapest Forex https://forexhero.info/ brokers in the entire retail Forex industry worldwide. FXTM’s trading platforms are accessible via online browsers, desktop programs, and mobile apps after registering for an account.

These so-called “trading robots” can be automated to enter trades based on programmed market setups. With the standard ECN account, a commission of $ 2 / lot is charged by the broker. For those looking for commission free ECN trading, FXTM has a few options including the ECN Zero account where spreads on EURUSD start around 0.5 pips with no commission.

Note, spreads are floating therefore may increase during times of high volatility. Opening an account at FXTM is fast, and the first step requires only a few seconds. Traders must submit their name, country, a valid mobile phone number, e-mail address, and desired password. FXTM will send a confirmation PIN to the entered mobile number to complete the process.

The broker utilizes in-depth fundamental and technical analysis to highlight potential market opportunities from Canada, Indonesia, India, Malaysia, Nigeria and beyond. You can view this information via several sources including podcasts, illustrated economic calendars, Twitter posts and videos. Additionally, clients can make use of MT4 forex trading indicators such as the pivot point indicator, spread indicator and the real-time day bar info indicator. In addition, the customer support team is available to answer trading queries, provide platform help and give extra guidance.

One thing to note is that FXTM Invest is only available to traders with the ECN Zero account. Our review of FXTM confirms that this is a highly reputable broker with a strong background and a wide variety of trading opportunities. FXTM entered the industry in 2011 and has since gained licenses from four top-tier authorities. The broker fxtm forex broker review stands out with an average client approval time of less than 12 minutes, 84% of funds processed within five minutes, and a high customer approval rating. FXTM has also earned numerous awards over the years, named Best Investment Broker from FX Daily Info to Best Trading Experience from the World Finance Awards, both in 2019.

FXTM’s minimum deposit for some account types is $10, making it accessible to traders with various budgets. Active traders can benefit from FXTM’s commission structure, emphasizing transparency and value. Commissions apply only to certain account types, such as the Advantage Account, which provides traders with lower spreads. FXTM offer a wide range of over 250+ trading instruments including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies and CFDs. There are over 60+ minor, major and exotic currency pairs, 180+ share CFDs and major Cryptocurrencies such as Bitcoin and Ethereum. 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.

Based on our Expert findings, FXTM is considered a good broker with safe and very favorable trading conditions. The broker offers a range of trading services designed for both beginner traders and professionals with low initial deposit amounts. As one of the good advantages, FXTM covers almost the globe, so traders from various countries can sign in, also with the lowest spreads.