Several corporate press releases relating to the company reveal their achievements that are based around its transparency, innovation, integrity, and drive to offer clients the most exceptional trading experience. Whether you are a newcomer or an experienced trader, the site offers everything you need thanks to the easy to navigate and all-encompassing website. The company offers STP as well as ECN accounts while utilising the popular MT5 and MT4 trading platforms.
Payment Methods
In addition, the company also boasts with licenses in Italy with CONSB and in France with AMF. Furthermore, FXTM impresses with licenses in Spain with CNMV and in Norway with FSAN. EBooks – FXTM offer five downloadable eBooks covering traders’ habits, crypto currency is, Elliot Wave theory, and two on Japanese candlesticks.
Mobile Apps
CySEC and UK’s FCA apply compensation schemes as an additional guarantee to clients’ funds. Given the regulatory/legal background of FXTM, it is perhaps not surprising that fxtm forex broker review this broker is indeed a legitimate one. What is sort of surprising though is that the clients base of FXTM have reached a world record of 1,000,000 in less than a decade.
FXTM Trading Platforms
- Finally, FXTM is well known in the industry for hosting various trading competitions.
- There are the usual global stock indices, but only 11 to choose from and for individual stocks, there 173 US and European stock CFDs, which is far from an exhaustive list.
- We were left with some positive impressions by the live chat option at both brokers, as we obtained useful information on the matters we asked about.
- FXTM’s MT4 platform also allows traders to access the multi-terminal feature that is unavailable on MT5.
The list of deposit methods includes VISA cards, Mastercard, Skrill 1-Tap, Neteller, Alfa-Click, Webmoney, Perfect Money, Bitcoin, Bitcoin by Skrill, Dusupay, and Armswissbank. Most of the deposit methods will reflect your funds instantly, except for Bitcoin deposits that can take up to 24 hours and Armswissbank deposits that can take between 3 to 5 working days. There is no commission or fees on any deposit method and to make a deposit.
What did our traders think after reviewing the key criteria?
Meanwhile, the Share accounts allow you to trade in European and US shares and have a reduced minimum spread value of 0.1, compared to 1.3 for Standard accounts and 1.5 for Cent accounts. ECN accounts are designed for forex experts and don’t have a maximum number of orders or volume of lots in an order. Trading with an ECN account results in a better rate thanks to a reduced average percentage in point (pip) values but requires a higher minimum deposit amount. FXTM Pro ECN accounts, for example, only offer super low spread values if a balance of 25,000 USD/EUR/GBP is maintained. Thank you for detailing your experience with our super-awesome Account Manager – Najib Atallah.
Both FXTM account types are offered on MT4 and MT5 trading platform. Overall, both forex brokers are well prepared to serve and assist clients with their needs via a professional customer support service. And finally, the FXTM Pro Account is designed for professional traders only, with the minimum deposit required being $25,000. It grants access to 43 Forex pairs and 2 Spot Metals traded on ForexTime’s MT4 platform. FXTM’s ECN Zero account can be opened with a minimum deposit of $200.
The FXTM brand is authorized and regulated across several entities including; ForexTime Ltd, Exinity UK Limited and Exinity Limited. While using FXTM’s educational materials, we were pleased with the clarity and ease by which you can follow the content. The variety of formats also means that there is something suitable for everyone. Remember to check the terms and conditions of promotions and contests before getting started – challenging minimum thresholds and requirements may be set. Several other deposit methods are also accepted, including Global Pay, Perfect Money and more.
Traders under all global entities benefit from negative balance protection and segregated client funds. It is also worth noting that CySEC and FCA are highly regarded authorities, meaning FXTM has to demonstrate https://forexhero.info/ a high level of financial accountability and fair, transparent and honest trading. Additionally, the broker has introduced FXTM Trader – an investment app designed to modernize the trading experience.
With every decision that they make, they put great emphasis on efficiency for their clients, operating with clarity, simplicity and transparency. Client needs come first, with helpful, skilled and multi-lingual support, always on hand to assist you every step of the way. Meanwhile, more advanced users will be able to use the ForexTime FXTM Pivot Points Strategy to enhance their trading style. This FXTM tool enables you to perform five-point calculations to decide what position to take on a range of financial instruments. The ForexFXTM platform is full of handy features to help you manage trades.
It is identical to what CySEC offers but does not come with regulatory restrictions. FXTM offers dynamic and competitive spreads that cater to various trading styles. Traders can choose from different account types, each with distinct spread structures. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
FXTM offer bite-sized and accessible short educational trading videos to help you learn more about trading and the different concepts involved. I think those who are already well versed in trading probably won’t find anything new here. However, if you are new to trading then there is plenty to get your teeth stuck into.
There are the usual global stock indices, but only 11 to choose from and for individual stocks, there 173 US and European stock CFDs, which is far from an exhaustive list. The offering of tradeable products is not particularly impressive, given the strong position FXTM holds in the industry. The overall offering of CFDs is not particularly impressive for a broker of FXTM’s stature.
You can also get free access to one of the best learning tools available for any forex trader — a demo account. If you’re a new trader, you really can’t go wrong with FXTM’s extensive learning resources. Both brokerages offer professional customer support services through several popular channels. First of all, 24/5 support via live chat is available with both brokers. FXTM also offers other chat options such as WhatsApp, Viber, Telegram and Facebook Messenger. We were left with some positive impressions by the live chat option at both brokers, as we obtained useful information on the matters we asked about.
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