FXTM Review 2023 Trade with an award-winning forex broker
It’s important to note that the spreads are floating and may widen during periods of high market volatility. Finally, FXTM provides CFD trading on indices, which allows traders to speculate on the performance of a particular stock market. This is particularly useful for traders who want to take a broader view on the direction of a market, rather than focusing on individual stocks. Overall, the FXTM pro account has lower spreads, more liquidity and faster execution speeds.
In case you are short on funds, trading real shares might not be the option for you and you might prefer to switch to trading stock CFDs. The reason is simple, there are no leverage offers for trading real stocks. On the upside, spreads are tighter and there are no swaps charged for keeping positions overnight. In addition to trading real stocks, you can trade stock CFDs.
They include bank wires and a broad range of domestic banking solutions for countries, which I find excellent. Traders may also use Skrill, VLoad, TC PayWallet, Alfa-Click, Neteller, WebMoney, Yandex.Money, QIWI, Perfect Money, Konnexone. FXTM maintains one of the best selections of offered payment methods industry-wide.
While the excellent trading costs and transparency stand out at FXTM, I also like the proprietary copy trading platform, FXTM Invest. It allows investors to follow strategy managers, and FXTM provides relevant information on each. The community is not as big as other services, but all the top 75 listed managers show positive performance, which FXTM states remain audited and verified.
FXTM Platform is ranked good with an overall rating of 8.9 out of 10 compared to over 500 other brokers. We mark it as good being one of the best proposals we saw in the industry, and a great range including MT4, and MT5 suitable for professional trading. Also, all are provided with good research and excellent tools. Based on our findings, FXTM trading technology and toolbar use the industry’s leading software third-party providers, which doesn’t require a presentation, as these platforms are MT4 and MT5. We learned that FXTM offers separate accounts for Forex trading and Invest Accounts.
In addition to online chat, you can send the broker an email or call a local office. FXTM customer service offices are available 24/5 over the phone and are located in different parts of the globe. The call center offices are located in India, Kenya, Indonesia, Nigeria, and South Korea. Moreover, there’s a monthly inactivity fee of 5 EUR/USD/GBP after 6 months of inactivity.
Why traders trust FXTM
It is the ratio of your Equity to the Used Margin of your open positions, indicated as a percentage. Currency prices change every second, giving investors limitless opportunities to enter trades. And investors try to make money by correctly predicting the price movements of different pairs.
- FXTM Spreads are ranked low with an overall rating of 8.9 out of 10 based on our testing comparison to other brokers.
- If you are a fan of market analysis then you will enjoy the abundance of trading tools that can assist with your trading strategies.
- FXTM is a legit company, operating with four regulatory licenses and acquiring a fifth.
- All information on 55brokers.com is only published for general information purposes.
Furthermore, there are personal account managers which are assigned to the traders and are readily available when they need help. To conclude this FXTM reviews, the forex brokers at FXTM have put forward a leading global brand that offers various opportunities in the financial markets to those who wish to earn profits from forex and CFD. They can also contact customer service representatives via Facebook Messenger, WhatsApp, Viber, Callback, Telegram, and Facebook. The live chat support staffed with real agents is the most responsive support channel, making this communication channel quick and efficient; they are available 24 hours (Mon- Fri).
It is regulated by three national authorities, including the UK’s FCA, ensuring traders are well-protected. Overall, FXTM has many positive features, especially for beginners, but more experienced traders may find FXTM’s limitations difficult to overlook. The minimum trade size starts from 0.01 lots for Micro, Advantage and Advantage Plus accounts.
FXTM also offers a range of trading platforms, including the popular MetaTrader 4 and MetaTrader 5 platforms. These platforms are available in desktop, web, and mobile versions, allowing traders to trade on the go and from anywhere in the world. Through the ECN zero account, FXTM offers ask and bid prices directly from liquidity providers although they do add a mark-up to the spread, the account is not charged a commission.
Spreads as Low as Zero
In fact, if you have an Islamic account and your position is open longer than 7 consecutive days, a daily swap fee will be charged by the broker. Moreover, FXTM is a part of the Investor Compensation Fund, or investor accounts lose money to a fund that guarantees to compensate if the company becomes insolvent. FXTM is a safe broker with sound financial conditions and a completely transparent website. Traders can also trade silver and gold with the FXTM platform, including XAGEUR, XAGUSD, XAUEUR, XAUGBP, and XAUUSD. Traders who exchange metals at FXTM can access price charts and use short-term and long-term charts to determine price movements. After placing a trade, traders can choose to go for short-term volatility or a long-term buy/sell position.
Payment Method – FXTM understands the significance of providing secure and convenient deposit and withdrawal methods. Due to this, the brokers have provided the fastest and most uncomplicated payment methods so that the traders can trade without worrying about missing opportunities because of delayed payments. The MyFXTM back office is where traders make all their deposits and withdrawals. Forextime does not levy internal fees, but traders may face third-party processing costs.
Written by their in-house experts, they go into great detail and cover a wide range of topics suitable for both beginner and advanced traders. If you are located in a country that they do not accept users from, please feel free to peruse our broker reviews for an alternative option. Client funds are held in segregated accounts with prominent banks so that they cannot be used for any other purpose within the company. Eligible clients may be entitled to protection of funds under the Financial Services Compensation Scheme . Rising demand for Forex, trading and investments itself, however, attracts numerous…
FAQs on FXTM
The fxtm forex broker review trading app is perfect if you need to trade on the go from multiple locations. FXTM offer multiple account types and flexible leverage to suit all different types of trader. I found the spreads to be very low, starting from just 0.1 pips with deep interbank liquidity to ensure fast trade execution speeds and No Dealing Desk technology to avoid a conflict of interest. I would always prefer to use a broker without a dealing desk as I like to get my trades executed at the best possible prices and don’t want to be trading against the broker that I am using. If spreads and execution are also important to you, XM Group have raw spreads from zero pips and plenty of liquidity for reliable trade execution speeds.
Enjoy spreads from zero, lightning-fast execution and trade at the best available prices. Access the biggest markets worldwide, with an account tailored to your needs. Get spreads from zero, 1000+ instruments and first-class education. Pending Order can be executed partially if there is not enough Liquidity to hedge the trade with Liquidity Providers at the Order Level.
You can trade metals online with FXTM including Gold and Silver. Precious metals are popular trading instruments that have been traded throughout history and can help to diversify an investment portfolio. FXTM have created a collection of educational articles and tutorials to help expand your trading knowledge and confidence.
Lower fees, lower costs?
ForexTime UK Ltd is also regulated and authorized by top-tier FCA or Financial Conduct Authority . Being a member of the Financial Commission, Exinity Limited is engaged in resolving disputes that may exist in the forex market. FXTM broker also offers a referral to a friend program where you get $50, and if your friends join, they will also receive the same amount.
The MT4 platform offers interactive charts that are easy to read, and traders can analyze the markets in real-time. They also access over 30 technical orders indicator that helps them identify market trends and FXTM trading signals. Other notable benefits of the FXTM MT4 trading platform include the robust security system, multi-device functionality, and multi-account manager for ultimate convenience and easy management of trades.
This account has market execution with no re-quotes and spreads starting from 1.5 pips. AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees. The broker aims to empower traders to increase their trading knowledge so that they can get the best value from their investment. We found that FFXTM withdrawal options are widely available including bank transfers, e-wallets, and cards.
In addition to https://forexhero.info/, FXTM gives you access to trading Brent oil, Crude oil, and NatGas . Spreads on oil start from 3 pips, whereas NatGas spreads start from 1 pip. HK stocks are subject to various additional fees such as HK stock commission of 0.05% which is charged by the broker and national trade fees charged by financial institutions of Hong Kong. Apart from this, ForexTime Limited keeps client funds in segregated accounts, away from the company’s operational funds. This means that the brokers cannot use client funds for their own retail operations, thereby ensuring protection at all times. FXTM features a forex glossary that explains the most important terms of the forex industry.
ForexTime has been voted as the Best Forex Broker in Europe and Africa last year and is a significant step up from being recognised as the fastest-growing Forex broker in the world. European regulation is indeed a vital component of enhancing customer safety, as all funds are protected by investor compensation schemes and segregation of clients’ funds. Overall, ForexTime is a reliable broker for all Forex and CFD traders, mainly due to their strong regulation and global presence. ForexTime has several excellent qualities that make it one of the most sought after Forex companies in the industry. Of course, not all trading features guarantee a perfect trading environment, but a majority of the broker’s features are certainly more conducive to trading for most trader requirements.
- It offers a low-deposit Micro Account and provides a variety of learning materials in both video and written formats.
- Fxtm is the best one plateform for trading and u can earn easily by this and deposit and withdraw instantly done I recommend u guys go for it.
- If you are a non-EU client, you can also trade commission free with real stocks from the NYSE and NASDAQ stock exchanges.
- 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.
Each account type has its own unique features and benefits, such as different minimum deposit requirements, leverage ratios, and spreads, allowing traders to choose the one that suits them best. The Micro account is ideal for novice traders with a limited budget, while the Advantage account is suitable for experienced traders who require advanced trading tools and a competitive trading environment. The Advantage Plus account is designed for professional traders who require high-volume trading and personalized support from a dedicated account manager. FXTM is a well-known broker that offers a range of trading services to its clients, including forex, commodities, and CFDs. While there are many benefits to trading with FXTM, there are also some drawbacks to consider.