FXTM Review 2023 Is FXTM a regulated broker?

Forex demo account is available for MT4 and MT5 and allows traders to select the demo account balance and leverage. While no demo account can simulate live trading conditions, the options available at FXTM come as close as possible to doing so. 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.

• FXTM is one of the few Forex brokers that manages to provide access to trading real stocks.
• Our team has compiled a series of detailed FXTM comparison articles, pitting the FXTM platform against some of the best-rated FXTM competitors in the market.
• Some traders succeed in trading stocks while failing in trading currencies and vice versa.
• FXTM caters to most international traders, including the UK, India, Malaysia, and the Philippines.
• The Micro account, however, has slightly higher spreads, which is to be expected due to the smaller minimum deposit requirement.

This account has market execution with no re-quotes and spreads starting from 1.5 pips. The FXTM standard account offers a wide range of features and benefits to all levels of traders. The minimum deposit requirement is $100 with a 30-lot maximum volume per trade. There is no commission charged on this account although the floating spreads start from 1.3 pips https://traderoom.info/just2trade-forex-broker-overview/ as they are marked up to cover costs. Millions of people worldwide use Android mobile devices and tablets, and FXTM offers its clients access to the MetaTrader 4 platform on these devices. With the FXTM MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets.

Copy Trade WIth FXTM and earn passive income

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. Although the FXTM spread is floating, they are relatively low for FX traders with an ECN account. The spreads start as low as 0 pips, but they may increase during certain periods based on the market conditions. Many similar brokers are offering such spreads and low trading costs. The performance of FXTM trade execution is worth mentioning as the platform offers competitive trading conditions, and the technology used by the broker executes trades faster than any other broker. This enables traders to get the best price alerts available in the market compared to similar brokers lacking in this department.

These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their FXTM clients’ funds. FXTM’s non-trading fees, such as withdrawal fees, can be high, and their spreads can be wider than some of their competitors. Additionally, some traders may find their educational resources lacking in depth or variety.

FXTM Best Countries by Traders

At the time of this review, FXTM maintains a refer-a-friend campaign. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission based FXTM account using the lowest and highest commission tiers. There are webinars, seminars, platform tutorials, trading tools, research tools, a superb glossary, Forex news, Economic Calendar, Market outlooks, and Analyst analysis all remaining at your disposal. In terms of funding methods, FXTM offers numerous payment methods which are a very good plus, yet check according to its regulation whether the method is available or not. FXTM provides negative balance protection for forex spot and CFD trading, but only for all its clients. Changing the leverage is a very useful feature when you want to lower the risk of your trade.

I can highly recommend it for high-frequency traders and scalpers. Concluding the FXTM review, we admit that FXTM gives quality trading potential for both beginners and experienced traders or investors and FXTM is one of the leaders in Forex Trading. Moreover, there are other numerous advantages with FXTM too, alike great global coverage with a good focus on Africa region with Nigeria and Kenya trading opportunities.

Broker from Hell

In this case, you have to make sure that your strategy is well
suited for the instrument you chose. Besides lots of currency pair,
FXTM also offers some instruments you would like to trade on, such as
Forex, Gold & silver and CFD for your best choice. Besides lots of currency pair,
FXTM also offers some instruments you would like to trade on, such as
Forex for your best choice. Besides lots of currency pair,
FXTM also offers some instruments you would like to trade on, such as
Forex, Gold & silver, CFD, Oil, Futures and Crypto for your best choice. Besides lots of currency pair,
FXTM also offers some instruments you would like to trade on, such as
Forex, Gold & silver, CFD, Oil and Futures for your best choice. Education about the basic concepts of the forex industry is also accessible in this broker.

• The performance of FXTM trade execution is worth mentioning as the platform offers competitive trading conditions, and the technology used by the broker executes trades faster than any other broker.
• What you need to keep an eye on are trading fees and non-trading fees.
• FXTM customer service offices are available 24/5 over the phone and are located in different parts of the globe.
• Again, the account includes instant trade execution with a great minimum deposit, starting at just $100.
• These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers.
• They can also contact customer service representatives via Facebook Messenger, WhatsApp, Viber, Callback, Telegram, and Facebook.

In addition, MT5 offers several transaction types, an economic calendar, an email system, and 44 graphical objects. FXTM (ForexTime) is a well-established and reputable forex broker that offers a range of trading instruments, competitive trading conditions, and excellent customer support. The broker is regulated by several reputable regulatory bodies, including the FCA and CySEC, which ensures that clients’ funds are protected and that the broker operates in a transparent and ethical manner. You can trade forex with major, minor and exotic currency pairs to take advantage of a currency’s increasing or decreasing value.

FXTM Commission & Spreads

To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. Depositing funds with FXTM ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if FXTM were to go out of business unexpectedly. We aim to provide you with all the information in this FXTM review you need to determine if FXTM is the right fit for you.