FXTM Review 2023: Is This Broker Platform Safe for Trading?

The broker provides investors with the ability to automatically copy the trades of the strategic manager. It should be noted that in the broker’s rating there is a fairly large number of traders offering their services to investors. This indicates that the service is actively developing and attracts the attention of both traders and forex investors. MetaTrader 5 – An innovative terminal that provides access to liquidity providers using ECN and STP technologies. Like the previous platform, MT5 can be used for mobile trading, while it differs in the presence of a more voluminous list of instruments for trading and market analysis. MetaTrader 4 – Multifunctional and convenient terminal used by most Forex brokers.

• This account can be used as a way to test the standard account conditions FXTM offer, with a lower initial deposit.
• Whereas Advantage and Advantage Plus accounts have a 50% Stop Out level.
• With a combined experience of more than 30 years, the management pledges transparency and quality services.

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. This will take you to the account registration page where you will need to fill out some basic personal information like your name, email address, and phone number. FXTM does not charge internal fees, but third-party payment processor costs may apply.

A https://forexhero.info/ pair combines two different currencies, with the value of one currency quoted against the other. For example, EUR/USD, which reflects the value of the euro measured in dollars. Copy-trading and automated trading are also only available on the MT4 desktop platform.

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The Shares account type does not have any leverage , there is a £100 minimum deposit, instant execution, no commission is charged and there are more than 180 types of instruments that can be traded. Established in 2011, FXTM is a global forex and CFD broker headquartered in Limassol, Cyprus. FXTM offers trading in forex and CFDs on commodities and indices via the MetaTrader platform and the FXTM Trader App. FXTM is regulated in multiple jurisdictions, and all client funds are segregated from the firm’s assets and held in top-tier banks. FXTM has offices in Europe, Africa, Asia, and Latin America and has served 4 million clients across 180 countries, according to the company website.

This website includes information about cryptocurrencies, contracts for difference and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. FXTM provides dozens of educational articles to help give new traders a solid foundation.

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The Standard accounts use instant order execution which means you can set your stop loss and take profits at the same time as placing trades. Spreads are typically wider on the Standard accounts and a lower minimum deposit is required. The main ECN account has a £500 minimum deposit, market execution, £2 per lot commission and 62 types of instruments. The ECN Zero Account has no commission, market execution and 66 different tradeable instruments.

The account variety is very impressive which allows any trader the best suitable option either with flexible or floating leverage. We learned that the broker also provides tight spreads from 0.1 pips, and low deposit requirements, besides education is one of the best provided. So overall, FXTM is very trustable and quiality choice for Forex traders of any size.

If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don’t have to pay a conversion fee. These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. We also compared FXTM’s fees with those of two similar brokers we selected, XM and Tickmill.

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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.

Our ultimate guide to the FXTM minimum deposit is updated regularly. On the website, in the ‘Market Analysis’ section, you can find market updates and various research tools, e. A Forex News Timeline, as well as market analysis videos published by FXTM. You can find them in MyFXTM, under ‘Trading Services,’ and within that the ‘FXTM Trading Signals’ section.

MetaTrader is the universally popular online trading platform that lets you monitor the markets and trade in real-time. When you trade with us, you trade on one of these two powerful platforms, beloved by traders of all experience levels around the world. FXTM is an award-winning multi-asset retail broker that is regulated by two top-tier authorities and has a reputation for being reliable, regulation-compliant and safe to use. FXTM is a MetaTrader broker, offers access to a wide range of financial instruments and has 6 types of accounts, comprising Standard and ECN accounts. FXTM offers three types of Standard accounts and all three are available in the Demo format.

As there are so many different types of accounts, they each have their own prices and fees structures. For the three standard accounts which have instant execution, the spreads are pretty good when compared to industry standards. The FXTM ECN MT5 account has £2 per lot commissions and 36 types of instruments to trade. The Strategy account has a £100 minimum deposit, is market executing, no commission is charged and there are 57 types of instruments available. The Standard account has a £100 minimum deposit, is instant execution no commission is charged, and there are 76 types of instruments able to be traded.

Why trade with FXTM

So Once i bought on eurusd in two different account and put my stop loss in same pips.. What i saw was that fxtm account hit my stop loss whereas other account was in profit.. Rising demand for Forex, trading and investments itself, however, attracts numerous… 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.

The FXTM partnership program is divided into two categories where traders can either register as an introducer or become an affiliate with the platform. FXTM has developed a customized mobile trading platform known as FXTM Trader that gives access to the financial markets from anywhere, anytime, on the go. The FXTM Trader app can be downloaded for free on both iOS & Android devices. Advantage Plus is commission-free, and traders get access to current execution and the same asset classes as in the case of Advantage, including forex, metals, commodities, and indices.

Micro

Access the biggest markets worldwide, with an account tailored to your needs. There is a lot of comprehensive research conducted by FXTM on a daily basis for both technical and fundamental analysis. They have a team of experts in place who provide daily videos and blog post, as well as in-depth reports every quarter. Both MT4 and MT5 have quality mobile apps that can be used on Android and iPhone devices. These apps can be downloaded from the respective app stores and they work just as well on mobile as they do on a desktop.

We found Forex spread much lower than the industry average, and spreads for other instruments are very attractive too. We learned that FXTM offers separate accounts for Forex trading and Invest Accounts. 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. And important to note that comply with the necessary regulatory guidelines in every region FXTM operates, which gains a high score from us in terms of its trust.

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Background management lacks fxtm forex broker reviewistic results, resulting in inability to correctly count the specific circumstances of losses. FXTM offers various educational resources to its clients to enhance their trading skills and knowledge. These resources include webinars, seminars, articles, e-books, educational videos, and more.

ForexTime UK Ltd is also regulated and authorized by Financial Conduct Authority . Most withdrawal methods guarantee processing the withdrawal request on the same day, except the Skrill withdrawal method may take 1-2 business days to complete. But overall, to withdraw money & the bank transfer process is smooth. However, on the downside, it’s not commission free this account type comes with a commission ranging from $0.40 to $2 per $100,000 notional value.

On the other hand, it lacks a two-step login and price alerts, and the design is outdated. If you are a non-EU client, you can also trade commission free with real stocks from the NYSE and NASDAQ stock exchanges. With our lowest swap fees ever and spreads as low as zero, there’s never been a better time to trade with us. Exinity Limited is a member of Financial Commission, an international organization engaged in a resolution of disputes within the financial services industry in the Forex market.

Most traders will satisfy this by sending a copy of their ID and one proof of residency document. I like that FXTM does not incorporate unnecessary steps or questionnaires. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.

FXTM applies an inactivity fee of 5 USD/EUR/GBP if a social trading account or demo account remains inactive for a period of six months or more. The platform also reserves the right to charge broker fees of 3% if there is no trading activity at the platform. FXTM offers different account types for all kinds of traders, including beginners, long-term investors, and FX experts.