Established in 2011, the FXTM Group is licensed, authorised, and regulated in multiple jurisdictions, including the CySEC in Europe, FCA in the UK, FSCA in South Africa and FSC in the Republic of Mauritius. FXTM is a good broker well-known and fxtm review regulated worldwide, there are numerous regulated entities of FXTM. Account opening is easy, FXTM has one of the lowest deposit requirements and trading conditions are good with low spreads and excellent customer service, and Forex education.
What did our traders think after reviewing the key criteria?
You will be able to use the MT4 trading platform with this account type and instant execution is provided with spreads that start from 1.5 pips. Overall, the spreads for trading forex and CFDs are good value starting from 0 pips depending on the account type you choose with the average spread on an ECN account from 0.1 pips with a $2 per lot commission. This average spread on major forex currency pairs like GBP/USD and EUR/GBP is 0.5. FXTM has consistently been the recipient of numerous esteemed awards, a growing testament to our excellence in the financial trading industry. Since its establishment, FXTM has garnered widespread recognition from prominent awarding bodies within the industry.
How many forex pairs are available to trade with FXTM?
Further provided by the broker is ICF insurance which can protect up to €20.000 for EU traders, and £85.000 for UK traders in the event of any serious financial issues. Top regulation is not the only thing that the broker puts in place to ensure your safety and security as a trader. You will also have the benefit of multiple money protection measures that can make sure your funds are safe at all times. You can trade real stocks on the MT5 platform with the Advantage and Advantage Plus accounts.
- Please note that bonuses and promotions offered by FXTM are subject to the client’s country of residence and come with specific terms and conditions.
- The sheer popularity of the MT4 platform has meant that FXTM will never close MT4 accounts and force clients to change to MT5.
- You can invest in these either as CFDs or real stocks, though the real stocks option is not available under every FXTM entity.
- The cost of commissions is based on a tiered system that considers trading volume, ranging between $0.40 to $2 per trade.
- I am a certified Trader now I have been trading with many brokers for last 10 years.
Learn to Trade
ForexTime (FXTM) Micro Account provides tools, tutorials, and market insights to help traders enhance their skills and knowledge. The next ECN account type available with the broker is the FXTM Advantage account. It offers ECN and market execution through both the MT4 and MT5 trading platforms.
This provides them an excellent mix of regulatory environments and a degree of flexibility depending on the entity you are trading under. Day traders can invest in 1000+ instruments including forex, commodities, indices, and stocks. FXTM is regulated by various global financial bodies across all countries of operation.
Commissions apply only to certain account types, such as the Advantage Account, which provides traders with lower spreads. Through the ECN zero account, FXTM offers ask and bid prices directly from liquidity providers (LPs) although they do add a mark-up to the spread, the account is not charged a commission. This account has market execution with no re-quotes and spreads starting from 1.5 pips. Another way the broker has committed to improve the trading experience is by providing traders with educational webinars that are freely available to all clients and available in multiple different languages. I appreciate how they are multilingual as it shows the broker is catering to the global trading community.
When it comes to forex trading the power of the machine is less important than a steady connection. You can use MetaTrader 4 with less than 1GBs of RAM and 25GBs of storage space. You can contact with FXTM in order to learn if you are eligible or not for free VPS. Key differences include order execution types, order filling policies, pending order types, netting, and hedging capabilities. MT5 offers additional features such as market depth, a broader range of technical indicators, more graphical objects, and an embedded MQL5 community chat. Oh, it isn’t all sunbeam and champagne – there are those hefty withdrawal fees, after all.
Please note that bonuses and promotions offered by FXTM are subject to the client’s country of residence and come with specific terms and conditions. This aligns with FXTM’s ethos of providing tailored and responsible trading experiences to its global clientele. They offer copy trading services through their own dedicated FXTM Invest platform where you can get started with a minimum deposit of $100. We were offered a free pip calculator and profit/margin calculator when we traded with FTXM, alongside expert market analysis. When it comes to trading platforms, FXTM only offers the popular MetaTrader 4 platform.
For many retail clients worldwide, this is the go-to platforms for trading, with an excellent reputation. And after the platform, we are confident it is suitable for new and experienced investors. When trading with FXTM, you can deposit in USD, EUR and GBP, though global entities also accept PLN, CZK and NGN. The broker charges no deposit fees, but third-party charges may apply. Exchange rates may also apply if you are depositing in a currency other than your base currency. FXTM offers a solid state of regulatory protection, which is regulated and licensed in several jurisdictions.
In addition to the downloadable MetaTrader platforms, FXTM offers the MT4&5 web-based platform called WebTrader. This platform lets you access your FXTM account from any computer connected to the Internet without the need to download any software. For first-time users looking for an app more tailored toward improving their trading skills, Stock Trainer is an alternative option worth considering. This virtual trading app provides the ideal environment in which to learn more about how foreign exchange markets operate.
Our team of industry professionals have analysed various core features and the platforms offered to provide you with the https://forexhero.info/ you need to decide on the best broker for you. Rest assured, our accounts are tailored to meet these requirements and more. They offer support through a number of mediums including phone, email, and a website-based live chat service. The communication through all channels is both speedy and professional. All information contained herein should be independently verified and confirmed.
Lot sizes include micro to mini to standard, with a range of 0.01 to 250 lots per trade. Bitcoin, Ethereum, Litecoin, Ripple trading is all available when trading CFDs on cryptocurrencies through FXTM. You can get spreads of 200 to 400 pips and leverage that varies based on experience.
We found that FFXTM withdrawal options are widely available including bank transfers, e-wallets, and cards. As an example, Credit Cards withdrawal features a $3 fee, while Bank Transfer will cost $30, and WebMoney will charge 2% above the requested amount. However, these withdrawal fees are still considered to be on a low level compared to other industry offerings. Applied to some of the payment methods, while others may be provided with 0% commission. FXTM comes equipped with dedicated mobile trading apps for both Android and iOS devices. The dedicated mobile apps can be downloaded from Google Play Store for Android devices and the Apple App Store for iOS devices.
Advantage account is not very different either, ForexTime (FXTM) offers extremely competitive commissions ranging from $0.40 to $2 per $100K notional value. The different account types allow you to maximize profitability and minimize fees and commissions. They offer a wealth of promotions, incentives, contests, and programs. The customer support department offers assistance in a wide variety of different languages and access platforms include LiveChat, Messenger, WhatsApp, Viber, Facebook, Callback and Telegram.
The strong language support follows through here too with all of the same languages available for customer service as on the website. There are no withdrawal fees to worry about if you are withdrawing to an eWallet. If you are withdrawing to a debit or credit card then there will be a fixed commission of 2 EUR, 3 USD, or 2 GBP depending on your base currency.