FXTM

Payouts:

Min Deposit: $10

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

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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	MetaTrader 4, MetaTrader 5, Web Platform, Mobile Platform
Minimum 1st Deposit	$10
Minimum Account Size	0.01
Leverage	Up to 1 : 1000
Spread	from 0.1
Free Demo Account	Open Demo
Regulated
Regulation	FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSC (Mauritius)
Account Types	Micro , 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
Number of Assets	250+ financial instruments, over 50 currency pairs, CFDs on Cryptocurrencies, Spot metal, Shares, Commodities and Indices.
US Traders Allowed
Mobile Trading
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

   Table of Contents:

1. A Brief Overview of FXTM
2. What is FXTM?
3. Forex Trading FXTM Account Types
4. Insights into FXTM’s Reliability
5. FXTM Deposits and Withdrawl Methods:
6. FXTM Mobile Trading Application
7. A Comprehensive Review of FXTM
8. Wrapping Up
9. FAQ’s

Forex trading is a popular global trade, with FXTM reviews to help determine if it’s right for you. Earning money through this strategy requires taking advantage of fluctuations in currency prices.

Investors who trade in foreign exchange (Forex) hope that currency prices will rise. Forex brokers are the most important part of trading foreign currencies, so we must discuss them.

This review of 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.

Let’s jump right into the details without wasting any time.

A Brief Overview of FXTM

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.

What is FXTM?

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.

Pros:

Different Account Types: FXTM offers Standard, Cent, 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.

Cons:

Limited Share Trading: FXTM provides US stock market access but has a limited share selection.

Inactivity Fee: FXTM charges an inactivity fee for dormant accounts, which may affect less active traders.

Forex Trading FXTM Account Types

In forex FXTM trading, FXTM Broker offers three types of trading accounts. Each of the three 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.

• Micro Account

The Micro Account is for new traders and has a low FXTM minimum deposit of USD 10. For beginners with small investments, this account offers instant execution and micro-lot trading. Like other Micro Accounts, EUR/USD spreads start at 1.5 pips. This account cannot trade stocks or CFDs; its leverage is 1:1000.

Limitation: There are also some limits. You can’t trade stocks or CFDs on stocks with this account; leverage is limited to 1:1000.

• FXTM Advantage Account

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 Account

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 has more accounts than we’re head-to-head about in this review:

• FXTM Demo Account

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.

• FXTM Islamic Swap-Free Account

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.

Insights into FXTM’s Reliability

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:

• 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 Forex Brand (Global Brands Magazine)

FXTM Deposits and Withdrawl Methods

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:

• 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

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.

Meta Trader 4

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.

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

Because of its high-quality MetaTrader 4 platform and helpful staff, many traders choose FXTM as their forex broker.

Meta Trader 5

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.

Features of MT5 Platform Broker  :

• 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

Thus, FXTM’s MT5 platform streamlines automated trading and offers advanced charting, news feed, and market depth indicators for enhanced functionality and performance.

FXTM Mobile Trading Application

Trade Anywhere and Anytime!

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.

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 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 review of FXTM.

Pros

• Multi-audited by several reputable financial authorities
• Various instruments are available for trading
• Conditions favorable to competitive trading
• Islamic trading accounts and many other trading 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.

Before making a financial move, everyone needs to learn more about search tools, such as FXTM review.

Wrapping Up

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.

FAQ’s

Question: Is FXTM safe?

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.

Question: Is FXTM legit?

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.

Question: Is FXTM a regulated broker?

Answer: Yes! FXTM is a regulated broker, holding licenses from CySEC and FCA, ensuring compliance with strict financial regulations.

Question: What account types does FXTM offer?

Answer: FXTM offers Standard, Cent, ECN, and Pro accounts for different trading styles.

Question: Are FXTM spreads competitive?

Answer: Yes! FXTM offers competitive spreads starting at 0.1pips, depending on account type and market conditions.

Question: Is FXTM safe to invest with?

Answer: FXTM is licensed by CySEC and the FSC of Mauritius, making it reliable and safe.

Question: Is FXTM Copy Trading Profitable?

Answer: Yes, FXTM Copy Trading lets people follow the traders of experts. It makes it easy for beginners to start trading in the financial market.

Question: Does FXTM offer any specific trading platforms?

Answer: FXTM offers MT4, MT5, and a simple web-based platform.

Question: How do I deposit and withdraw with FXTM?

Answer: FXTM lets you use credit and debit cards, electronic wallets, and bank transfers.

Question: Does FXTM offer educational resources?

Answer: FXTM provides market analysis, webinars, and tutorials to traders.

Question: Can I trade cryptocurrencies with FXTM?

Answer: Yes, FXTM trades cryptocurrencies, commodities, and indices.

Question: Does FXTM provide a mobile trading app?

Answer: Yes, FXTM allows mobile trading on Android and iOS devices.

Question: FXTM: beginner-friendly?

Answer: FXTM’s intuitive interface and educational resources make it ideal for beginners.

Question: FXTM: what makes it special?

Answer: FXTM stands out from other brokers’ diverse account types, extensive trading instruments, tight spreads, and excellent customer service.

Question: How is FXTM’s customer support?

Answer: FXTM’s 24-hour customer support is known for its quality and speed.