FXTM (Forextime) is a forex broker that was established in 2011 and is regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). Here are some reviews of FXTM:
- 1. Wide range of trading instruments:
- 2. Multiple account types:
- 3. Competitive trading conditions:
- 4. Choice of trading platforms:
- 5. Educational resources:
- 6. Multiple regulatory licenses:
- 7. Negative balance protection:
Pros and Cons of Fxtm :
- FXTM offers a wide range of trading instruments, including forex, stocks, commodities, and cryptocurrencies.
- The broker provides a variety of account types to suit different trading needs, including ECN, Standard, and Islamic accounts.
- FXTM provides clients with a choice of trading platforms, including MetaTrader 4 and MetaTrader.
- Some traders have reported slow processing times for deposits and withdrawals.
- FXTM does not accept clients from certain countries, including the United States and Canada.
- The broker may charge fees for inactivity, which can be a concern for traders who do not trade frequently.
Overall, FXTM is a well-regulated forex broker that offers a range of trading instruments, account types, and educational resources.
While there are some concerns regarding processing times and inactivity fees, the broker provides competitive trading conditions and can be a good choice for traders who are looking for a reputable forex broker.
Who Is FXTM Recommended for?
FXTM is recommended for traders who are looking for a regulated forex broker that offers a wide range of trading instruments, competitive trading conditions, and educational resources to improve their trading skills.
The broker offers different account types to cater to different trading needs and provides a choice of trading platforms, including MetaTrader 4 and MetaTrader 5.
FXTM is also suitable for traders who prefer low-cost trading, as the broker offers competitive spreads and low commissions. However, FXTM may not be suitable for traders who reside in countries where the broker does not offer services or for traders who do not trade frequently, as the broker may charge inactivity fees.
Regulated By :
FXTM (Forextime) is regulated by several financial authorities, including:
- Financial Conduct Authority (FCA) in the UK.
- Cyprus Securities and Exchange Commission (CySEC) in Cyprus.
- Financial Sector Conduct Authority (FSCA) in South Africa.
- International Financial Services Commission (IFSC) in Belize.
- Financial Services Authority (FSA) in Mauritius.
Being regulated by these reputable financial authorities means that FXTM is required to comply with strict regulatory guidelines, which can help to protect clients’ funds and ensure that they are treated fairly. Additionally, being regulated by multiple authorities can provide traders with greater confidence in the broker’s operations and practices.
Top FXTM Features
Here are some of the top features of FXTM:
1. Wide range of trading instruments:
FXTM offers a wide range of trading instruments, including forex, stocks, commodities, and cryptocurrencies, which allows traders to diversify their trading portfolios.
2. Multiple account types:
FXTM provides a variety of account types to cater to different trading needs, including ECN, Standard, and Islamic accounts.
3. Competitive trading conditions:
FXTM offers competitive spreads and low commissions, which can help traders save money on trading costs.
4. Choice of trading platforms:
FXTM provides clients with a choice of trading platforms, including MetaTrader 4 and MetaTrader 5, which are popular among traders for their reliability and functionality.
5. Educational resources:
FXTM provides educational resources, including webinars, articles, and videos, to help traders improve their skills and knowledge.
6. Multiple regulatory licenses:
FXTM is regulated by several financial authorities, including the FCA in the UK, CySEC in Cyprus, FSCA in South Africa, IFSC in Belize, and FSA in Mauritius, which can provide traders with greater confidence in the broker’s operations and practices.
7. Negative balance protection:
FXTM offers negative balance protection, which ensures that traders cannot lose more than their account balance in the event of market volatility.
Overall, FXTM is a well-regulated forex broker that offers a range of trading instruments, account types, and educational resources, as well as competitive trading conditions and a choice of trading platforms, which can make it a good choice for traders of all levels of experience.
FXTM Pivot Points:
FXTM (Forextime) offers Pivot Points as a technical analysis tool for traders. Pivot Points are price levels that are calculated using the previous day’s high, low, and close prices. These levels can help traders identify potential support and resistance levels in the market.
FXTM provides Pivot Points for a range of instruments, including forex pairs, commodities, and indices. Traders can access Pivot Points on the FXTM trading platform by adding the Pivot Points indicator to their charts. The indicator will then display the various Pivot Points levels, including the Pivot Point itself, as well as support and resistance levels.
Traders can use Pivot Points to help identify potential entry and exit points, as well as to set stop loss and take profit levels. Pivot Points can also be used in conjunction with other technical analysis tools, such as trend lines and moving averages, to help traders make more informed trading decisions.
It is important to note that while Pivot Points can be a useful tool, they are not a guaranteed predictor of market movements and should always be used in conjunction with other analysis techniques and risk management strategies.
Strategy Managers & Investors:
Strategy Managers are experienced traders who have a proven track record of profitable trading and manage their own trading strategies on the FXTM Invest platform. Investors can browse through a list of Strategy Managers, analyze their performance, and choose to invest in one or more of their strategies.
Investors can allocate funds to their chosen Strategy Manager, who will then use those funds to trade on their behalf. The profits and losses from the trading activity are shared between the Strategy Manager and the investor, based on a pre-agreed profit-sharing ratio.
Investors can monitor the performance of their chosen Strategy Manager and make adjustments to their investment portfolio as needed. This allows investors to benefit from the expertise of experienced traders while diversifying their investment portfolio and managing their risk.
Promotions and Contests*:
FXTM (Forextime) offers various promotions and contests throughout the year to reward its clients and provide additional trading incentives. Here are some examples of FXTM’s promotions and contests:
1. Loyalty Cashback program:
This program allows clients to receive up to $5 back for every lot traded, based on their trading volume.
Refer a friend program:
Clients can earn up to $50 for each friend they refer to FXTM, who then opens and funds an account.
2. FXTM Titans:
This live trading contest offers a prize pool of $80,000 to the top-performing traders, with the top trader receiving a cash prize of $40,000.
3. Demo trading contests:
FXTM also offers demo trading contests with cash prizes for the top performers, which can be a good way for new traders to practice their trading skills without risking real money.
4. Seasonal promotions:
FXTM runs seasonal promotions throughout the year, offering bonuses, cashback, and other rewards for clients who meet certain trading requirements or deposit amounts.
It is important to note that promotions and contests may be subject to terms and conditions, and traders should always read the terms carefully before participating to ensure they understand the requirements and eligibility criteria.
FXTM (Forextime) offers an unparalleled education program to help traders of all levels improve their knowledge and skills. Here are some of the education resources that FXTM provides:
FXTM hosts regular webinars on various trading topics, including technical analysis, fundamental analysis, risk management, and trading psychology.
2. Trading guides:
FXTM provides a range of trading guides, which cover topics such as forex trading basics, trading strategies, and market analysis.
3. Video tutorials:
FXTM offers a comprehensive library of video tutorials, covering topics such as how to use trading platforms, how to trade different instruments, and how to use technical indicators.
FXTM provides e-books on a range of trading topics, which traders can download for free.
FXTM hosts seminars and workshops around the world, which provide traders with an opportunity to learn from expert traders and network with other traders.
6. Market analysis:
FXTM provides daily market analysis, which includes technical and fundamental analysis, as well as market news and commentary.
Overall, FXTM’s education program is designed to help traders of all levels improve their knowledge and skills and to support them in making informed trading decisions. By providing a range of education resources, FXTM aims to empower traders to take control of their trading and achieve their financial goals.
FXTM (Forextime) offers a range of cryptocurrency CFDs (contracts for difference) to allow traders to speculate on the price movements of popular cryptocurrencies without owning the underlying assets. Here are some key features of FXTM’s cryptocurrency CFDs:
· Range of cryptocurrencies:
FXTM offers CFDs on a range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple.
FXTM provides leverage of up to 1:10 for cryptocurrency CFDs, which allows traders to take larger positions in the market with a smaller investment.
· 24/7 trading:
Cryptocurrency CFDs can be traded 24/7, allowing traders to take advantage of price movements at any time.
· Tight spreads:
FXTM offers competitive spreads for its cryptocurrency CFDs, which can help traders minimize trading costs.
FXTM provides risk management tools, including stopping loss and taking profit orders, to help traders manage their risk and protect their trading capital.
It is important to note that trading cryptocurrency CFDs can be high risk and may not be suitable for all traders. Traders should always educate themselves on the risks involved and implement appropriate risk management strategies before trading.