FXTM
FXTM
- founded 2011
- Spreads from 0.1 Pips
- Leverage 1:1000
- Regulation CySEC,FCA, FSCA, IFSC
- Scalping, Hedging, EA Robot, News trading
- Payment options credit card, Neteller, Skrill, Webmoney, Western Union, Wire transfer
Details
| Broker | FXTM |
|---|---|
| Website URL | https://www.forextime.com |
| Founded | 2011 |
| Headquarters | 35, Lamprou Konstantara, FXTM Tower, 4156, Kato Polemidia, Limassol, Cyprus |
| Support Types | Email , Callback , Live chat , Office , Phone , Web form |
| Languages | English , Arabic , Chinese , Czech , French , Indonesian , Malay , Persian , Polish , Russian , Spanish , Turkish , Vietnamese |
| Trading Platform | MT4, MT5, FTXM Trader |
| Minimum 1st Deposit | $10 |
| Minimum Account Size | 0.01 |
| Bonus | 30% deposit bonus (up to $150) |
| Leverage | Up to 1 : 1000 |
| Spread | from 0.1 |
| Free Demo Account | Open Demo |
| Regulated |
 |
| Regulation | CySEC,FCA, FSCA, IFSC |
| Account Types | Micro , Advantage , Advantage Plus |
| Deposit Methods | Credit Card , Neteller , Skrill , Webmoney , Western Union , Bank wire transfer |
| Withdrawal Methods | Credit Card , Neteller , Skrill , Webmoney , Western Union , Bank wire transfer |
| Number of Assets | 250+ financial instruments, over 50 currency pairs, CFDs on Cryptocurrencies, Spot metal, Shares, Commodities and Indices. |
| US Traders Allowed |  |
| Mobile Trading |
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| Tablet Trading |
|
| Overall Score | 5 |
Pros
- founded 2011
- Spreads from 0.1 Pips
- Leverage 1:1000
- Regulation CySEC,FCA, FSCA, IFSC
- Scalping, Hedging, EA Robot, News trading
- Payment options credit card, Neteller, Skrill, Webmoney, Western Union, Wire transfer
Cons
- Inactivity and withdrawal fees
There is no doubt that forex trading is one of the most popular worldwide trades. A Forex trade involves exchanging currency from one country to another to make money. Forex trading is based on the exchange rate between two countries and is about making money.
By increasing the currency rates, Forex traders profit considerably and make money on the platform when they invest their money in Forex trading. In discussing forex trading, we would only be complete if we mentioned Forex Brokers since Forex Brokers are the most important means to facilitate currency trading.
There is great news for all of our forex traders. We have a delicious treat for you in the form of this article. There is one platform that is very noteworthy and highly trusted in the area of forex trading, which we would like to tell you about in this article. Welcome to the review of FXTM broker that features a complete and honest assessment of this broker with all the relevant details.
Without wasting a single moment, let’s get deeper into the details without any further ado.
A Brief Overview of FXTM
There are many exceptional features offered by FXTM, one of the most popular forex brokers. It is simple and easy to make money by trading metals, commodities, forex, stocks, and indices with this myfxtm broker.
With the help of this platform, one can jump into the world of trading without paying any commissions or additional fees; he only has to pay the initial expenses for the account he needs to start his trading journey.
In addition, several types of trading accounts are offered so that you can select the most appropriate one based on your preferences and needs. Several exceptional trading platforms are available, such as MT4 and MT5, that are helpful regarding VPS hosting.
Furthermore, FXTM provides various tools for research and education, which can help a trader in his/her complete training as a trader.
By taking advantage of the tutorials and guides this platform provides, you will quickly get an excellent trading experience with this platform. Only through this platform can beginners understand how the foreign exchange market functions in the real world and how it relates to the currency markets.
Forex Trading FXTM Account Types :
FXTM Broker offers three types of trading accounts facility that stands out best in forex fxtm trading. Each of the three is specially designed by considering the needs of all kinds of traders, from beginner-level to expert forex professionals.
Beginners in forex trading can only trade with this platform during the week because it needs a lot of investment. So FXTM Broker has a beginner-level account that helps them to take a first step on the forex trading platform with an affordable investment of their money.
Also, consider that this fantastic platform offers a demo account that allows a person to start the trial journey on FXTM by using this account.
Let’s move towards discussing all the trading accounts of FXTM one by one so that you can know more about this broker a more.
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Micro Account
This account is designed especially for beginners with an fxtm minimum deposit and instant execution. FXTM Minimum deposit is USD 10. With this minimum deposit, you can trade micro-lots and spreads similar to those offered by Micro Accounts at other brokers – starting at 1.5 pips on the EUR/USD, which is about average for Micro Accounts.
Limitation
- There are some limitations also, like stocks and stock CFDs cannot be traded with this account, and leverage is limited to 1:1000.
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fxtm Advantage Account
Traders with more experience will find the spreads on EUR/USD with this fxtm advantage account tighter than those on other similar brokers. In Fxtm Advantage Account, Trading commissions will vary from 0.4 to 2 USD per side, depending on the volume traded, instead of a spread markup.
This fxtm advantage account also offers traders a choice of fxtm MT4 or MT5, although stock and stock CFDs can only be traded on MT5. Likewise, this account is capped at FXTM leverage.
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FXTM Advantage Plus Account
FXTM advantage plus account Broker offers two market execution accounts, the first is commission-free, but spreads start at 1.5 pips on EUR/USD, which are more comprehensive than most other brokers fxtm MT4 and MT5 are both supported, and this account offers floating leverage up to FXTM Broker on the major Forex pairs. You can only access Stock CFD trading via the MT5 platform with this account.
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FXTM Demo Account
FXTM Demo accounts brokers are risk-free trading environments where traders can practice all trading strategies. Additionally, fxtm traders can increase their virtual balance on their fxtm login demo account via the MYFXTM portal. Traders with fxtm login demo account to the platform at least once every 14 days to maintain their fxtm demo accounts.
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FXTM Islamic Swap-Free Account
Those Muslims who live in other countries will be pleased to know that all fxtm live accounts are available as Islamic swap-free options. A swap-free live Fxtm Islamic account does not accrue interest for carrying positions overnight when the swap-free mode is enabled. Thus, it is the perfect tool for Muslim traders from the point of view of Sharia law as it is entirely non-riba compliant.
Trading instruments usually offer a swap-free option for seven days. If you keep positions open beyond the swap-free allowance days, you will be charged 12.90 USD per day for the swap-free fee (daily fee).
Insights into FXTM’s Reliability
A broker’s reputation review is essential before choosing a broker because Forex traders who have invested money and time should be able to trust that platform with fxtm investment review before they begin trading with the platform.
Our next step will be to provide you with information about the accreditations and global acceptance of this broker trading market so that you can determine if fxtm is a scam or legit or how it is a reliable place to trade with.
Several international awards have been presented to FXTM by businesses in the broader financial industry, further reinforcing its status as a securities brokerage. Several awards have been presented demonstrating the reliability of the company:
- Best Trading Experience (World Finance)
- Best European Forex Affiliate Broker Programme (Global Forex Awards)
- Best Trading Conditions (World Finance Awards)
- Best investment Broker (World Finance Awards)
- Best Forex Education Provider Africa (International Business Magazine)
- Best Trading Conditions (World Finance)
FXTM Deposits and Withdrawl Methods :
There are many Fxtm deposit and withdrawal methods offered by Forex Broker, but it charges higher withdrawal fees than other similar brokers.
FXTM is a well-regulated broker, with minimum fxtm deposit and minimum withdrawal ensuring compliance with all anti-money laundering regulations and fxtm deposit and withdrawal problem. In this way, all funds returned to a non-profit organization are returned to where they were initially deposited. The profits must be withdrawn by bank transfer into a bank account in your name, regardless of where the money is deposited.
If you are interested in the FXTM Broker withdrawal reviews, then take into account that deposits and withdrawals are available through FXTM in the following ways:
- Via Credit card/Debit cards (Visa/Mastercard/Maestro): There is no fee for making a deposit using a credit card or debit card through FXTM Broker. Deposits are available instantly. 2 EUR/3 USD/2 GBP is the withdrawal fee, and the withdrawal will be processed within 24 hours.
- Via E-wallets: Customers can use Neteller, Skrill, FasaPay, and Perfect Money with FXTM. There is no fee for deposits, and they are instant. You will be charged 0.5% to 2% commission on withdrawals, and your request will be processed within 24 hours.
- International Bank Wire: Deposits are not charged commissions, and deposits are processed within 3-5 working days. Withdrawals are charged 30 EUR. You can efficiently process withdrawal requests within 24 hours by using FXTM.
Trading Platforms at FXTM
Comparatively speaking, FXTM provides good platform support with Fxtm MT4 and MT5 options and the proprietary FXTM Trader app.
Aside from its proprietary FXTM Trader App, FXTM supports Metatrader 4 and Metatrader 5.
Traders who use FXTM have the option of using both the Meta Trader 4 and Meta Trader 5. FXTM also offers mobile trading to assist users in their trading process.
Let’s look at the features that these platforms offer.
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Meta Trader 4
FXTM MT4 Broker is widely considered one of the most popular platforms in the world of the best forex trading broker with the mt4 broker platform. Fxtm offers an amazing option of meta trading fxtm mt4 download for PC, Mac, mobile, and tablet.
While there are many advantages to trading in aspects of forex accounts with meta trader mt4 broker, most revolve around support and the tool’s number of users in the forex trading broker.
To summarize the Best MT4 brokers review, let’s look at its features.
Features of MT4 Platform Broker :
- Automates the creation, modification, and utilization of fxtm trading strategies
- Provides MQL4 support
- As an Expert Advisor, algorithms can formalize and implement any trading strategy
- Develop custom indicators with this tool
- Charting tools in nine timeframes
- An array of 31 graphical elements
- Built-in indicators for 30 different parameters
- Exercising orders in three different ways
- Pending orders fall into four categories
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Meta Trader 5
Back-testing functionality for automated trading algorithms is more powerful and faster in meta-trading MT5 than in meta-trading MT4. In addition to the news feed and market depth indicator, MT5 is equipped with a charting feature and the ability to make trades directly from the chart. Therefore, it is referred to as the industry-standard version of FXTM.
Features
- Timeframes spanning 21 days
- Technical Indicators of 38 kinds
- Objects comprised 44 graphics
- Orders pending in six categories
- Strategist with multi-threading
- Timeline of economic events
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Mobile Trading Application
FXTM also offers mobile trading via its mobile trading application. However, the application could be better compared to other forex brokers. It is easy to change or use multiple brokers using the MetaTrader platform because it supports various devices and brokers.
Various timeframes, 30 indicators, and interactive currency charts are available with FXTM MT4 and MT5 apps, enabling traders to trade from anywhere. With live profits and losses calculated in real-time, order closures, modifications, and tick chart trading, traders are empowered to change while moving.
Features
- With 24/5 live updates, traders can remain on top of their preferred assets wherever they are.
- FXTM’s account management and trading actions can be managed remotely from any place
- With balance, margin, and profit details easily accessible, you can keep track of trades.
- The trading app makes it very easy to deposit, withdraw, and monitor funds
A Comprehensive Review of Forex Broker; FXTM
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 analysis.
Pros
- Multi-audited by several reputable financial authorities
- Various instruments are available for trading
- Conditions favorable to competitive trading
- Islamic accounts are available, as well as multiple other trading account options
- An easy-to-use trading platform and mobile app
- Providing 24/7 customer service
Cons
- Education resources are limited
- US clients can’t use this platform
- High fxtm minimum deposits for some accounts
- Brokers with limited payment methods.
Wrapping Up
In the world of trading in the Forex market, FXTM is one of the most popular brokers. It offers many advantages, including Islamic accounts for Muslims worldwide. But it also has some drawbacks, as there is always a negative side to everything.
To choose the best broker for you, it is recommended that you get to know it completely in all aspects before making the decision. In this article, we’ve outlined all the key information you need to know about FXTM so you can decide if it is right for you.
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