FXTM Reviews and Pricing 2023
Stock trading with FXTM gives you access to real-time data and direct liquidity pricing for NYSE and NASDAQ indices. Founded in 2011, FXTM is a part of Dashin’s global holdings which also include a forex brokerage company Alpari. FXTM provides its customers with one of the safest trading experiences as it has advanced regulatory oversight. Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds.
We could easily trade in and out of it as market prices fluctuated. Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. You can trade CFDs on Indices with FXTM and choose from some of the most prominent and active securities in the US, Europe, Australia and Asia.
The app is great if you want to keep track of your positions and see what is happening in the markets from your sofa, bed or wherever you are. Like many forex brokers, FXTM also try to offer some of their own proprietary choices when it comes to trading platforms. This comes through the FXTM Trader which is offered as a mobile trading platform that is very well designed, and easy to use. The FXTM copy trading platform FXTM Invest is also offered in this category and provides a high quality choice for those who wish to engage in copy trading through the broker. FXTM is a good broker well-known and regulated worldwide, there are numerous regulated entities of FXTM.
Fees might be different based on entity offering, see our findings of fees and pricing in the table below, however, FXTM overall fees are considered good. We found that when you trade with FXTM you are able to operate with fixed or floating leverage. The numbers are actually confirmed by the large community of traders with about 750,000+ active accounts that growing, numerous attractive opportunities, and gained vast awards for excellence in trading. After the loss of 4,683 US dollars, the platform deleted the RMB deposit link, resulting in the inability to deposit funds through online banking.
Lower fees, lower costs?
That selection of messaging systems, particularly the social media ones, is a stand-out feature for FXTM. FXTM brand does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, the Occupied Area of Cyprus). 18+ languages are supported, and more are added to the site and MyFXTM, the trader’s gateway.
This new license is the latest addition to Exinity Group’s… In addition to forex, FXTM offers trading in spot metals, which include gold, silver, and platinum. Spot metals can be a useful tool for diversifying a portfolio or hedging against inflation or geopolitical risks. FXTM also provides CFD trading in commodities, such as oil, natural gas, and agricultural commodities.
Never seen something bad from them, deposits and withdrawal were as fast as instant. I used to withdraw some of my profits during my journey with them and they sent it to my PM wallet in the blink of an eye. FXTM is not a SCAM platform and we process successful withdrawals on a daily basis for more than 4 million clients worldwide. Thank you for sharing your honest review and we’re glad to see that you’re enjoying your trading experience with us. All of us start with small steps and we’re to help you grow in your trading journey. Please note that spread we offer is floating and depends on account type and instrument.
FXTM truly exceeds expectations when it comes to the wealth of account type offerings. One of the neatest perks is that nearly every account type has a corresponding free “mirror” or demo account. You can use these mirror demo accounts to practice trading strategies before and during your use of a live trading account.
FXTM Trading Contests 🥇
However, unlike the desktop version of the platform, the design is clean, and it is easy to use. Additionally, the search functionality is far superior – you can search for products easily by typing the name of the product or by navigating the category folders. MT4 and the FXTM mobile apps are available on both Android and iOS. It also includes encryption of data transmission as a way to stop unauthorized third-party access and data theft.
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. Now, let’s see in detail what types of accounts FXTM offers for trading. Starting with what is already the best trading platform around, MT5 has made it even better. You won’t spend much time browsing options for trading forex online before you run into complaints about customer service. The cent account is a variation on the standard in that all deposits are displayed in cents regardless of amount funded. It also comes with free mirror demo account and requires just £10 or equivalent to fund the live version.
Safety and Industry Recognition
This is a great option for traders who wish to adopt a more hands-off trading policy and are willing to pay a fee to do so. Alpari launched back in 1998, at a time when online forex brokers were more of a curiosity than an industry staple. Because we were depositing funds from a British bank account based in GBP into our GBP-based account, we weren’t charged any currency conversion fees. There are also forex trading strategies, forex trading videos, general forex educational videos, and educational articles. Clients can also find tutorials on a range of subjects, and a periodic table with investment terms. These FXTM Trading Signals include 8 currency pairs, 3 market indices, and 3 commodities plus 3 popular technical indicators, and 2 scenarios.
- To have a clear overview of FXTM, let’s start with the trading fees.
- Worst service ever, expensive, and worst ECN not trustworthy market manipulation suspected.
- FXTM or Forex Time has been named as one of the world’s fastest-growing and best Forex and CFD brokers, with a large number of clients and quality offering overall.
- I think pivot points are brilliant for identifying key price levels and I have often used them in the past for entry/exit signals and money management.
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. It cited the uncompetitive regulatory framework introduced by the European Securities and Markets Authority for its reason. We would like to bring your attention to the fact that every deposit method has specific a specific period for processing. Please send your MyFXTM account number to We will check this information and provide a prompt response. They manipulate your trades to make sure you lose, they charge you for any single day you did not trade, you can NEVER withdraw money from fxtm platform.
Markets and products
Social https://forexhero.info/ is becoming one of the most important aspects of trading, and traders will certainly appreciate the broker’s commitment towards offering a modern and efficient Forex trading service. FXTM’s own pivot point strategy helps traders identify profitable trades based on market sentiment and market analysis is segmented by topic to help you find what you need quickly. One of the coolest tools is called the FXTM Periodic Table, which helps you learn forex terminology in a highly visual format. Another popular program is the ongoing Loyalty program, which offers you actual cash, not points or virtual cash.
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. Spreads, swaps, and inactivity fees at FXTM are roughly average for the forex and CFD industry. More competitive trading costs are available via the Advantage account type, which gives a discount based on trading volume but requires a higher account balance. FXTM does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. FXTM makes three live trading accounts available, the Micro account, Advantage and Advantage Plus Accounts.
The Micro account is specially designed for traders who are comfortable on MetaTrader 4 and do not prefer a higher account balance. The minimum trading volume requirement is 0.01 lots per trade, and the maximum number of orders that can be placed is limited to 300. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. We’re glad you’re having a great trading experience with FXTM. Please note that we do our best to ensure that no delays occur because we want our clients to enjoy a hassle-free experience with us.
Deposit methods include FasaPay, Ghana local transfers, Nigeria local bank transfers, Algerian local transfers, Kenyan local transfers, Indonesian local transfers. The costs depend on the account type, asset, and trading volume, where the commission-based option features the lowest trading costs starting from $4.00 per 1 standard lot in the EUR/USD down to $0.80. I like the regulatory framework at FXTM, ensuring traders have access to competitive trading conditions and superior protection. FXTM is a member of the Honk Kong-based Financial Commission, where the Compensation Fund protects traders up to €20,000 per claim. It is identical to what CySEC offers but does not come with regulatory restrictions.
The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, or any kind of trading you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance.
FXTM provides both the MT4 and the MT5 platform for FX and CFD trading. FXTM is not among the oldest or the largest online brokerages for trading forex, cryptocurrencies or other high-demand asset classes. But – we have to say it – FXTM is definitely one of the classiest. 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.
Once completed, a new set of login details will be emailed to the new user, which are required to access the trading platform. There is no need to wait for the KYC documents to be processed before depositing funds in a new FXTM account. Payment options include debit and credit cards, bank transfers, and e-Wallets.
FXTM services well over 4 million clients in some 150 countries around the world. ForexTime or FXTM, is a Forex broker that was launched in 2011. The company’s focus from the beginning was to provide high-quality services and a trading environment to its customers. Our FXTM review found out that this company distinguished itself from the other providers by focusing on various local markets and adjusting their services accordingly to suit each one.
The fxtm review provided by FXTM is the most popular forex trading platform in the world, MetaTrader’s MT4. As a third-party agent provides this software, registering for an account and downloading the platform requires new users to agree to licence agreements with MetaTrader. This process is relatively straightforward and involves simply reading and clicking on agreements.