FXTM ForexTime Broker Review How Do They Rank?

fxtm broker review

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. However, beginner traders can benefit from micro-lot trading, demo accounts, and the intuitive FXTM Trader mobile app. The broker also offers reliable support and solid educational materials. FXTM offers traders the MT4/MT5 trading platforms and has developed its proprietary mobile app, FXTM Trader.

Why is It Important to Know Where Your Broker Subsidiary (Entity) is Regulated?

This is a great way to get a good understanding of how the ForexTime FXTM trading system works. Methodology updates are made so that new broker features and products are taken into consideration. Review updates ensure that all the information we provide is current and correct. After a thorough FXTM Forex broker review process, we can confidently recommend this broker. Regulation and licensing from multiple top-tier authorities provides confidence, as do the website’s security measures and the client fund protection measures. FXTM’s videos cover a range of topics, with many of them focused on beginners.

fxtm broker review

Does FXTM Have Research And Education Services?

Experienced traders, on the other hand, have access to some of the brightest economic minds in the game. FXTM also offers various ebooks covering topics like Japanese candlesticks, cryptocurrency trading, and Elliott Wave Theory, which are good sources of materials to print out for offline study. In relation to any transaction, FXTM will either be on the other side of it as a principal or act as an intermediary.

FXTM commissions

  1. With FXTM, you can trade silver or gold, doing so against up to three currencies.
  2. All account types can be funded using a wide variety of institutions and services.
  3. Shares Account holders have access to more than 120 US shares and 40 European shares in this form.
  4. In addition to the downloadable MetaTrader platforms, FXTM offers the MT4&5 web-based platform called WebTrader.
  5. For the Cons, there is a withdrawal fee, and Stock spreads are rather higher, also condiitons vary on each entity.

Same security email but this time to some crypto regulatory authority. I have chatted with online customer service and I get the same excuse. Now I am tapped and will loose everything because of the second security fee. The group is also licensed under FCA, therefore we can say that they are a legit forex broker. You can still lose money in forex trading, even if you are trading through a legit broker like ForexTime.

My Key Takeaways After Exploring FXTM Tradable Instruments

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. The broker provides you with a free Currency Convertor tool for you to be able to quickly calculate the foreign exchange rates of major FX currency pairs. We found that when you trade with FXTM you are able to operate with fixed or floating leverage. It offers investing services across 180 countries, with a worldwide office presence spanning Asia, Europe, and Africa, with an impressive 4+ million registered clients.

FXTM is committed to educating traders, with a thorough and extensive educational centre that includes free eBooks and videos. They cover a wide range of topics for all levels of traders including trading strategies, trading tools, technical analysis and more. I found them to have an ever-growing collection of tutorials and articles for both beginner and experienced traders alike fxtm broker reviews with online webinars and local seminars offered to clients. This emphasises a commitment to helping traders improve their skills through education. I really like how they provide daily in-depth market analysis to help you keep up to date with the latest market news. If you are a beginner and looking for as much education as possible, CM Trading might be worth taking a look at.

fxtm broker review

If you prefer just news, then the Forex News Timeline provides this. You can access this news via the FXTM website or from within MetaTrader. The rankings help you choose a Strategy Manager based on trading days, drawdown percentage, risk level, and monthly returns. When you use FXTM Invest, you share a percentage of your profits with the Strategy Manager as commission. Those interested in social trading or copy trading can do so via FXTM Invest. With FXTM Invest, you choose a Strategy Manager and follow his or her trades.

This research offers macroeconomic and geopolitical opinions on what is impacting markets and also some technical analysis. There are also market analysis videos published a couple of times a week. FXTM also produce monthly market outlook video reports and there is an economic calendar, alongside a scrolling Forex News Timeline. There are a number of different types of FXTM accounts to choose from, but generally speaking, these account types fall into two categories, the Standard Accounts and the ECN Accounts.

fxtm broker review

For telephone support, you can get localized help with agents in China, France, Italy, Poland, South Korea, Spain, United Kingdom and more. Also for those whom English is not the primary language, they can also access the FXTM https://forexbroker-listing.com/ website in many different languages. FXTM spreads and commissions are available as floating spreads only. The lowest available spread is 0 pips but this is on the FXTM Advantage account with a minimum deposit of $25,000.

The broker establishes its core on reliable trading conditions and detailed education and brings trading across the world with its accessible trading globe, regardless of the trader’s knowledge. An established trading platform and broker, FXTM offers several advantages over competitors. Crucially, the broker has regulatory oversight across all jurisdictions where it operates. This should provide customers with plenty of protection and demonstrates that the company is run in a transparent and accountable manner. One of the most exciting aspects of FXTM’s range of CFDs to trade is the fact that traders no longer have to change platforms to trade stocks CFDs. Simply trade all asset classes under a single account on the one trading platform.

Suitable for active day traders, clients can trade 250+ instruments 24/5. Fast, secure and easy-to-use, the app supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. These accounts feature much tighter spreads than standard accounts, but a small commission charge is applied to your trades. For this reason, ECN accounts are more suited to experienced traders who may be trading on a larger account. CFD traders have a great range of instruments to work with, including crypto, soft commodities, and exotic forex pairs.

Then there is a further split to your preference of the trading transactions, instrument, and the trading size, which all in all offers you 3 Account types – Micro, Advantage, and Advantage Plus. FXTM is regulated by various global financial bodies across all countries of operation. Our experts are confident that the broker offers adequate protection regardless of your country of residency. Once registered with the FXTM Group, customers can benefit from daily market analysis. The broker utilizes in-depth fundamental and technical analysis to highlight potential market opportunities from Canada, Indonesia, India, Malaysia, Nigeria and beyond.

FXTM use a local payment gateway which you can use to deposit funds in ZAR (R20 minimum). You can request withdrawal via bank, but it can take upto 3 days for the withdraw to be processed. FXTM have an ongoing 30% deposit bonus promo that is available for both new & existing traders in South Africa. New traders who open a Live account & make an initial deposit of $50 can get the benefit of this promo.

They are currently headquartered in Cyprus but offer services in forex trading and many other assets to traders around the world. They have fast become one of the top forex brokers in the entire sector. The broker aims to empower traders to increase their trading knowledge so that they can get the best value from their investment.

One of the great key points in regard to FXTM is the fact they offer very low minimum deposits. These start from just $10 on the Micro account type, and $500 on Advantage and Advantage Plus accounts. FXTM invest is also available with this account type if you are using the MT4 trading platform while the spread on trading here starts from 1.5 pips.

It is worth noting that FXTM permits opening of multiple live accounts. This is important since not all asset classes can be traded through every account type. FXTM offers access to 250+ instruments in seven major asset classes. Margins are tiered, as has recently become the industry standard.