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FXTM offers valuable insights for forex traders, providing an in-depth evaluation of a reliable platform. The review provides comprehensive details on the platform, making it a valuable resource for those seeking reliable trading options.
Established in 2011, FXTM is a global broker providing access to various financial markets and trading instruments that is a leading foreign exchange trading platform. FXTM includes beginner and advanced traders to succeed in the financial markets.
FXTM, a popular forex broker, has many great features. The company offers traders to profit from trading metals, commodities, forex, stocks, cryptocurrencies, and indices.
The broker has different types of trading accounts for people with different needs. FXTM also offers MT4 and MT5, which benefit VPS hosting.
FXTM provides research, reviews, and education for traders. Forex and currency traders can use tutorials and guides.
Beginners can use FXTM’s educational resources, including reviews, to gain real-world experience in the Foreign exchange market. This platform helps traders learn and succeed.
In particular, its notable feature is the provision of Islamic accounts, catering to the needs of Muslim traders who adhere to Sharia principles. Because of this, FXTM is an excellent option for traders worldwide searching for a broker that will respect their religious beliefs.
|
Broker |
FXTM |
|
Website URL |
https://www.forextime.com |
|
Founded |
2011 |
|
Support Types |
Email , Callback , Live chat , Office , Phone , Web form |
|
Trading Platform |
MetaTrader 4, MetaTrader 5, Web Platform, Mobile Platform |
|
Minimum 1st Deposit |
$200 |
|
Minimum Trade Amount |
0.01 |
|
Leverage |
Up to 1 : 1000 |
|
Spread |
from 0.1 |
|
Free Demo Account |
Open Demo |
|
Regulated |
Yes |
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Regulation |
FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSC (Mauritius) |
|
Account Types |
Advantage , Advantage Plus |
|
Deposit Methods |
Credit Card: Visa, Mastercard, Maestro, Google Pay , E-Wallets: GlobePay, Skrill, PayRedeem, PerfectMoney, Neteller , Bankwire |
|
Withdrawal Methods |
Credit Card: Visa, Mastercard, Maestro, Google Pay , E-Wallets: GlobePay, Skrill, PayRedeem, PerfectMoney, Neteller , Bankwire |
|
Mobile Trading |
Yes |
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Tablet Trading |
Yes |
|
US Traders Allowed |
No |
|
Overall Score |
5 |
|
Number of Assets |
250+ financial instruments, over 50 currency pairs, CFDs on Cryptocurrencies, Spot metal, Shares, Commodities and Indices. |
|
Languages |
English , Arabic , Chinese , Czech , French , Indonesian , Malay , Persian , Polish , Russian , Spanish , Turkish , Vietnamese |
ForexTime(or FXTM for short) was established in 2011 and has become a leading foreign exchange and CFD broker. Over the years, the company has become known for its wide range of trading instruments, competitive trading conditions, and user-friendly platforms. Since FXTM operates globally, it can serve traders worldwide with multilingual support and regionally-specific offerings.
This brokerage, based in Cyprus, serves over 27 million traders engaged in CFD trading. Operating under the regulation of IFSC in Belize, it has earned the trust of around 17 million traders globally. FBS continues to grow, with 80% of its clientele being new investors and affiliate accounts amounting to roughly 7,000 daily.
The platform is well known as a broker that offers MetaTrader platforms for trading and investing in commodities, stocks, shares, cryptocurrencies, and indices. FBS’s products include forex trading, CFDs, and stocks in precious metals like gold and silver. FBS was honored with the title “Best Customer Service Broker Global 2022” by WBO.
FBS is a leading brokerage that serves traders globally. It provides various trading services, including account opening assistance, deposit handling, and currency trading. It gives a ‘Cent Account,’ enabling beginners to trade on low-risk fundamental markets. Moreover, it has minimal charges for inactivity and withdrawals and a gradually increasing pricing system.
This brokerage provides user guidance so traders can more easily navigate the complex trading world. Besides that, the quality of its learning, analysis, and client support sets FBS apart from other brokers. Here are the pros and cons:
Different Account Types: FXTM offers Advantage, Advantage Plus, ECN, and other account types to suit all traders.
Financial Instruments: Traders can access various trading instruments, such as primary and minor forex pairs, commodities, indexes, and cryptocurrencies.
Competitive Spreads: FXTM’s spreads make trading cost-effective.
Multi-Platform Trading: The broker provides easy-to-use web-based trading and industry standards like MetaTrader 4 and MetaTrader 5.
Mobile Trading: FXTM’s mobile app lets traders track and manage their positions.
Educational Resources: The broker provides webinars, educational materials, and analysis for traders.
In forex FXTM trading, FXTM Broker offers two types of trading accounts. Each type is designed to meet the needs of all traders, from beginners to forex experts.
This platform requires a lot of investment, so beginners can only trade during the week. FXTM Broker’s beginner account helps them get started on the forex trading platform with a low investment.
Consider that this great platform offers a demo account to start your FXTM trial.
Let’s talk about each FXTM trading account one at a time so you can learn more about this broker.
Experienced traders can choose the FXTM Advantage Account, which has tighter EUR/USD spreads than other brokers. Depending on trading volume, this account charges a trading commission of 0.4 to 2 USD per side instead of a spread markup.
FXTM offers MT4 and MT5 platforms, with capped leverage for trading on both platforms, despite MT5 limitations on stocks and CFDs.
FXTM Advantage Plus Accounts are commission-free and have EUR/USD spreads starting at 1.5 pips. This account offers the flexibility of FXTM MT4 and MT5 platforms and broader spreads than the Advantage Account. Trading in major Forex pairs with variable leverage is possible on the MT5 platform, as is trading in stocks as CFDs.
FXTM provides a Demo Account for the practice of trading strategies without risk. This account lets traders practice trading strategies without risking real money. Through the MYFXTM platform, traders can add to their Demo Account’s virtual balance and improve their training.
Muslim traders can use FXTM’s Islamic Swap-Free Account. Due to the absence of interest on overnight positions when the swap-free mode is activated, this account complies with Sharia law. It’s an excellent option for Muslim businesspeople who want to avoid riba. Most trading instruments offer a seven-day swap-free opportunity. After that time frame, you’ll have to pay $12.90 daily for the swap-free option.
So FXTM Broker is a trusted forex broker with account options and features for all traders. FXTM provides trading accounts for both inexperienced traders and more seasoned investors. Discover which account type matches your trading goals and strategies.
In terms of online trading, dependability is a critical factor to consider. CySEC and the FCA in the UK regulate FXTM. FXTM’s transparent, fair, and secure trading environment is ensured by regulatory oversight.
Before trading, Forex traders should be able to trust a broker’s reputation.
Next, we’ll discuss FXTM’s accreditations and global acceptance so you can decide if it’s a scam or a reliable trading platform.
FXTM has received several international awards from financial organizations, confirming its status as a securities brokerage. FXTM’s industry awards from financial demonstrate its dedication to quality and service. Awards include:
Forex Broker provides various deposit and withdrawal options for FXTM clients, but the broker’s withdrawal fees are significantly higher than those of comparable companies.
FXTM is a well-regulated broker with a minimum FXTM deposit and minimum FXTM withdrawal. This ensures that all anti-money laundering rules and FXTM deposit and withdrawal problems are followed. In this way, all donations to a nonprofit are remitted to their original accounts. No matter where the funds are deposited, you must withdraw the profits via bank transfer into an account in your name.
If you’re interested in the FXTM Broker withdrawal reviews, you should know that FXTM lets you make deposits and withdrawals in the following ways:
FXTM platform support is among the best compared to competitors, with options like FXTM MT4 and MT5 and the exclusive FXTM Trader application. In this review of FXTM, you can see how different it is from its competitors.
FXTM is compatible with Metatrader 4, Metatrader 5, and its own FXTM Trader App.
FXTM Traders can access both Meta Trader 4 and Meta Trader 5 platforms. In addition to desktop trading, FXTM also supports mobile trading.
Let’s take a look at the features of these various systems.
FXTM MT4 Broker is one of the most popular platforms in the world of the best forex trading broker, the MT4 broker platform. FXTM provides a fantastic MetaTrader 4 (MT4) download for desktop computers, Macs, mobile devices, and tablets.
Forex accounts with meta trader mt4 broker have many benefits, but support and the tool’s number of users are the biggest.
Let’s look at its features to summarize the Best MT4 brokers review.
Because of its high-quality MetaTrader 4 platform and helpful staff, many traders choose FXTM as their forex broker.
Compared to its predecessor, meta-trading MT4, meta-trading MT5 boasts improved speed and power in its back-testing capabilities for automated trading algorithms. In addition to a news feed and a market depth indicator, MT5 also includes charting capabilities, allowing traders to place orders without leaving the screen. So, it’s called the “industry standard” version of FXTM.
Thus, FXTM’s MT5 platform streamlines automated trading and offers advanced charting, news feed, and market depth indicators for enhanced functionality and performance.
FXTM’s mobile trading app extends the company’s offerings to traders on the go. Compared to other forex brokers, the application could be better in our aspects review of FXTM. The MetaTrader platform makes switching brokers or using more than one easy because it works with many devices and brokers.
FXTM MT4 and MT5 apps offer 30 indicators, interactive currency charts, and multiple timeframes for trading anywhere. In addition to real-time order tracking and profit/loss calculations, traders can close orders, make adjustments, and trade using tick charts, all while on the go.
Among the most widely used forex brokers in the era of forex trading, FXTM is one of the most popular ones. We have provided some crucial pros and cons based on our in-depth review of FXTM.
Before making a financial move, everyone needs to learn more about search tools, such as FXTM review.
FXTM is recognized as one of the most well-liked brokers in the foreign exchange (Forex) trading industry. In this review of FXTM, we found it offers many benefits, including Islamic accounts for Muslims worldwide. However, as with anything, it has its drawbacks.
It is recommended that before deciding which broker is best for you, you first learn everything there is to know about that broker. This will allow you to make an informed choice. Here, we’ve outlined everything you need to know about FXTM to determine if it’s the right choice.
Answer: Yes! FXTM is a regulated broker, holding licenses from CySEC and FCA, ensuring compliance with strict financial regulations.
Answer: Yes! FXTM is a regulated broker, holding licenses from CySEC and FCA, ensuring compliance with strict financial regulations.
Answer: Yes! FXTM is a regulated broker, holding licenses from CySEC and FCA, ensuring compliance with strict financial regulations.
Answer: Yes! FXTM is a regulated broker, holding licenses from CySEC and FCA, ensuring compliance with strict financial regulations.
Answer: Yes! FXTM is a regulated broker, holding licenses from CySEC and FCA, ensuring compliance with strict financial regulations.
Answer: FXTM offers Standard, Cent, ECN, and Pro accounts for different trading styles.
Answer: Yes! FXTM offers competitive spreads starting at 0.1pips, depending on account type and market conditions.
Answer: FXTM is licensed by CySEC and the FSC of Mauritius, making it reliable and safe.
Answer: FXTM offers MT4, MT5, and a simple web-based platform.
Answer: FXTM lets you use credit and debit cards, electronic wallets, and bank transfers.
Answer: FXTM provides market analysis, webinars, and tutorials to traders.
Answer: FXTM provides market analysis, webinars, and tutorials to traders.
Answer: Yes, FXTM trades cryptocurrencies, commodities, and indices.
Answer: Yes, FXTM allows mobile trading on Android and iOS devices.
Answer: FXTM’s intuitive interface and educational resources make it ideal for beginners.
Answer: FXTM stands out from other brokers’ diverse account types, extensive trading instruments, tight spreads, and excellent customer service.
Answer: FXTM’s 24-hour customer support is known for its quality and speed.
Answer: FXTM is a regulated broker which follows all applicable laws and rules. This ensures fair trading and separates client funds from company funds. Before investing, know the risks of trading.
Answer: YES, FXTM is a trusted broker. Over a decade, reputable financial authorities have regulated and provided trading services.
FXTM is a trustworthy broker with a wide range of trading instruments, great customer service, and easy-to-use platforms. It equips traders of all levels to succeed in the financial markets.
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Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. Top5forex will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.
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