Fxtm
4.8

Fxtm

Global markets, tight spreads and free education.

FXTM is a globally regulated company, leading FX and CFD broker.

Broker: FXTM (ForexTime Ltd.)

Leverage: 1:30 | 1:200

Regulation: CySEC, FCA, FSCA

Min. Deposit: 200 US$

HQ: Cyprus

Platforms: MT4, MT5 and FTXM Trader

Found In: 2011

Website: forextime.com

FXTM Licences

  • ForexTime Limited – Authorized by CySEC, (Cyprus), registration number. 185/12

  • ForexTime Limited – authorized FSCA (South Africa) registration no. 46614

  • ForexTime UK Limited is authorized by FCA UK (UK), registration number. 777911

  • Exinity Limited – Authorized by FSC (Mauritius), registration number. C113012295

What is FXTM?

FXTM, or Forex Time, was established in 2011 in Cyprus (Limassol). It has been recognized by Financial Conduct Authority and other regulators as one the best and fastest-growing forex brokers.

The broker’s core is based on trading conditions and detailed education. It brings trading throughout the world using its accessible trading around the globe regardless the trader’s knowledge.

Overview

FXTM provides its services over 150 countries, with a global network of offices, spanning Europe, Africa, and Asia. Over 4 million people worldwide have chosen FXTM. The company that actively uses innovative technologies to provide the best trading terms for traders, regardless of their trading experience.

Pros

  • Excellent commission-based Forex pricing environment

  • MT4, MT5 trading platforms

  • Fast account opening

  • No deposit fee

  • Great educational tools

  • Quality market research

Cons

  • Limited product portfolio

  • Inactivity and withdrawal fees

Rating of the company overall

  • Reliability ⭐⭐⭐⭐

  • Platform ⭐⭐⭐⭐

  • Commissions ⭐⭐⭐⭐

  • Support ⭐⭐⭐⭐

  • Financial instruments ⭐⭐⭐⭐

RATING: 4.5

Specifications

HeadquartersCyprus and other entities around the globeRegulationCySEC, FCA, FSCA, FSCPlatformsMT4, MT5InstrumentsOver 250 financial instruments, more than 50 currency pairs, CFDs for Cryptocurrencies and Spot Metal, Shares, Commodities, Indices, and MoreSpread EUR/USD1.5 pipsDemo AccountAvailableMinimum deposit200$Base currenciesVarious base currenciesEducationFXTM Professional Education CenterSupport for Customers24/5

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Awards

FXTM’s high ranking in the traders community is due to its fast client approval, the general trading process and the extensive learnings.

These numbers are confirmed by the large trading community with approximately 750,000+ active traders that is growing, many attractive opportunities and has won numerous awards for excellence in trading.

FXTM proudly supports and sponsors various sports around the world, including Sahara Force India Formula 1 and other teams. They also regularly reveal in the media.

Is FXTM a safe investment or a fraud?

FXTM isn’t a fraud. It is a licensed broker operation ForexTime Ltd., ForexTime UK Ltd., and Exinity Limited that offers trading services to over 10,000 clients in more than 135 countries. It is important to remember must comply with all regulatory guidelines in each region FXTM operates. This earns FXTM a high trust score.

This is a crucial question, since investor accounts can lose money and trades with unregulated entities pose a high risk of losing funds.

Is FXTM a legit company?

FXTM is a legitimate broker because each entity and brand it serves is authorized by and regulated worldwide.

CySECof Cyprus regulates ForexTime Ltd. This entity is also authorized by FSCA in South Africa and an additional offshore authority FSC Mauritius. The Financial Conduct Authority, a well-respected regulator, has licensed FXTM UK. It is composed of principals that were built by European MiFID, ICF, and allows cross-broker activity.

What can you do to be protected?

FXTM license is a sign that the trader has met all regulatory requirements. The trader’s investments are considered safe because the broker segregates funds from the FXTM operational funds while still maintaining good relationships with the leading EU banks.

FXTM is also a member the Investor Complementary Fund that compensates in the event of company insolvency. It is also protected by the negative balance protection, and other requirements, which are regularly audited by the authority.

FXTM legal entityFXTM License NumberForexTime UK LimitedRegulated by FCA UK, registration number. 600475ForexTime LimitedNo. 4661414 Authorized FSCA South Africa registration 46614ForexTime LimitedAuthorized by Cyprus Securities and Exchange Commission registration number. 185/12Exinity LimitedAuthorized by FSC (Mauritius), registration number. C113012295

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Leverage

FXTM allows you to trade with fixed leverage. Leverage is a useful tool for traders with smaller capital. It can increase your chances of making quick gains due to the possibility of multiple account balances at once.

What is the risk level

However, it is important to remember that proper leverage should not be applied to multiple instruments as this could increase your risk and potentially cause losses. FXTM leverage can be determined using a variety of measures. They are first set in accordance with the regional regulations.

The trader’s experience and knowledge are also considered. Always check with the customer service team to determine which one is most applicable.

If you want to use higher leverage ratios such as 1:100 , 1:500, or even 1:1000 , an FXTM account may be opened under a specific entity that allows for such high leverage levels. This is provided by the global brand.

If you are not a resident of Europe, UK, or have an account in a European entity that is subject to ESMA Regulation, your maximum current leverage ratio will be a:

  • 1:30 Forex instruments

  • 1 to20 Spot Metals. 1:10 XAG USD

  • 1:20 Minor Currency Pairs

  • 1 to 5 Shares

Accounts

FXTM provides separate accounts for Forex trading and Invest accounts. You can also choose to split the trading transaction, instrument, and trading size. This gives you three account types: Micro, Advantage, and Advantage Plus.

Let’s now take a closer look FXTM accounts. They are broken into three categories – micro, Advantage and Advantage plus.

FXTM Micro Account – The most accessible account with FXTM. It has a low minimum deposit and instant execution. There is no commission. Spreads start at 1.5 pip. Check out micro account brokers.

FXTM’s Advantage Account is the cheapest type of account. It pays $0.40 to $2 in average commission based on volume. Spreads start at 0.0

Advantage Plus Account – Partner account with zero commission spread only, spreads starting at 1.5 pip.

Always verify that you trade under the correct entity. FXTM offers may differ for Forextime Limited or ForexTime UK. We will be covering Forextime UK offering in greater detail so that you can better understand the conditions.

How can I open an FXTM Account?

FXTM can accept clients from nearly every country in the world, but there might be restrictions because of regulations that are similar for residents of Japan and the USA.

You will need to follow the FXTM sign in link to be guided through an easy process of opening each step.

Step by step instructions for opening an account

  1. Access FXTM Sign in page

  2. Fill in your personal data: First and last name, country of residence, email, telephone, etc.

  3. Answer an online question about your trading knowledge, and expectations

  4. Choose the type of account

  5. Upload your identity confirmation to verify your account. These could include a copy of your ID or bank statement, a residence proof, and /or a copy of your residency proof.

  6. After your account has been activated and verified, you can deposit money.

Demo Account

The Demo account is available for new traders and those who wish to test the platform. It features $1,000,000 in tradeable funds, detailed tutorials and webinars, as well as individual support from the account manager in 16 different languages.

Additionally, FXTM Investment Account has an additional feature. This profile includes a copy trading tool that is supported by Top Strategy Managers. It is suitable for traders of all levels.

You can find accurate and current information on the FXTM official website.

Fees

FXTM fees are spreads that are determined by the type of account you have. You should also consider fees such as withdrawal fees and non-trading charges. We will discuss these further.

FXTM offers are generally built using tight floating spreads, while Standard MT4 spreads start at 1.6 Pip and 0.1 pip for ECN accounts. Both platforms offer MT4 and MT5. However, there will be an additional commission per order.

FeesFXTMeToroXMDeposit FeeNoNoNoWithdrawal FeeYesNoNoInactivity FeeYesYesYesRanking of feesAverageLowHigh

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A summary of the Non Trading Fees

These fees are also worth considering. FXTM will charge 5$ per month if you don’t trade for six months or more. This is called FXTM inactivity fee.

There are no withdrawal fees or deposit fees, and there are no withdrawal fees. This is why the FXTM fee structure is transparent and well-constructed.

Spreads

FXTM spread only charges forex fees with no commission if you use Advantage Plus or Micro Account. See FXTM spreads under. This fee allows you to simplify the calculation and is suitable for most traders, despite the strategy.

FXTM accounts offer a variety of fee conditions. The standard spread starts at 1.5 pip for USD/EUR/GBP/NGN.

Asset / PairFXTM SpreadeToro SpreadXM SpreadEUR USD Spread1.5 pips3 pips1.6 pipsCrude Oil WTI Spread4 pips5 pips5 pipsSpread the Gold9 pips45 pips35 pipsSpread BTC USD20 pips0.75%60 pips

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Shares fees

Spreads leverage is the only cost for trading Shares. This is a very competitive and pleasant offer in comparison to the rest of the industry. You will see comparisons between trading CFDs brokers below, but remember that this standard proposal is average and high at FXTM.

FXTM offers a flexible proposal, so account types can be changed and FXTM fees may vary depending on which instrument you trade.

Deposits and Withdrawals

FXTM made the process of funding easy and straightforward with many funding options. This will help you find the right money transfer provider.

Options for deposit

You can fund your account with one of the following options. The method you choose will depend on where you are from. FXTM also makes deposit processing fast. It states that money will be available within two hours. This allows you to trade immediately.

  • Credit cards

  • You can also make a local transfer with bank wire transfers. Alike you can choose transfer via Deutsche Handelsbank (accepting deposits in EUR) and Rietumu Banka (using GBP, PLN, USD, EUR, RUR)

  • E-wallets: Neteller, Skrill and Alfa-Click. WebMoney, Western Union. Dotpay. Yandex money. Qiwi wallet. Bitcoin via Skrill. And counting.

Minimum Deposit

The minimum deposit required by FXTM is $/EUR/PS100 for Account Standard, and 10$ for Cent Account. This is great for smart money management.

FXTM Minimum Deposit vs Other Brokers

FXTMAll Other BrokersMinimum Deposit$100$500

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Withdrawal

FXTM withdrawal options are widely available, including bank transfers and e-wallets. There are many options for withdrawing money. For example, a Credit Card withdrawal will have a 3$ fee while a Bank Transfer will be 30$ and WebMoney 2%. These withdrawal fees are still considered low in comparison to other industry offerings. Some payment methods may have 0% commission.

How can I withdraw money from FXTM

You must submit an online request to withdraw funds from your account once you have made the decision. Follow the procedure. Here are the steps:

  1. Log in to MyFXTM to access your account. Next, go to the Withdraw page via My Money.

  2. Click ‘Withdraw’ to select the withdrawal method and amount you require.

  3. Please complete the withdrawal request and send it to us via SMS.

  4. Submit and confirm your withdrawal

What is the withdrawal time from FXTM

FXTM’s accounting department usually processes withdrawal requests within two business days of the time you confirm and submit the request.

You should still consult customer service to confirm your data as different jurisdictions might have slightly different rules. It may take up to a few days for the payment provider, depending on whether they have specific international or provider rules.

Bonus

FXTM also offers the opportunity to receive a bonus through frequent promotions or cashback programs broker deals.

FXTM has a bonus?

Yes, FXTM offers bonus programs. The Bonus Program is only available to clients who trade or have an account with Exinity Limited registered under the laws Mauritius.

How can I claim my FXTM Bonus?

You may be eligible for a bonus if you open an FXTM account.

You may claim a Welcome Bonus to earn 30$ in tradeable credit, register for an account, then choose the 300$ bonus promotion, deposit funds, and begin trading. You should also note that every bonus program has specific terms and conditions regarding how it should be used.

Market Instruments

FXTM generally offers a good selection of markets and account features within the industry brokerage offering.

There are 250+ financial instruments and Forex products, including Forex products with more than 50 currency pairs, attractive FXTMCFDs for Cryptocurrencies like Bitcoin, ETH or Litecoin. You can also choose spot metalCFDs, shares CFDs of over 170 companies, CFDs for Commodities, and CFDs for Indices.

FXTM Markets compared with similar Brokers

FXTM can also be compared to other offerings in the industry. Below you will find a table that may show available assets and instruments.

Assets / InstrumentsFXTMXMAvaTradeForex575755Indices111818Commodities61517Cryptocurrency456Shares174129463

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FXTM Trading Platforms

FXTM’s trading technology and toolbar utilize the best third-party software providers in the industry. This doesn’t need a presentation as these platforms are MT4 and MT5. FXTM’s innovative MetaTrader technology was combined with FXTM trading services, which allow for smooth operation and enhance your trading abilities.

Web Trading Platform

The FXTM platform can be used MT4 and MT5 software. There are two versions of the FXTM platform: the WebTrading platforms version or the one that can easily be installed on any device. Web trading software is an excellent option for beginners and regular traders. It can be accessed right from your browser and does not require installation.

Take a look and feel

Desktop Trading Platform

Desktop version has more options and powerful customization. MetaTrader supports all devices, including PC and MAC. You can also access your account from any device. Money managers will appreciate the Multi Terminal.

The package includes all necessary tools, including risk management and analysis. It also contains a unique trading tool such as Pivot point strategy and trading signals. Calculators and converters are included to help traders of all levels.

ProsConsDesign that is friendly to customersNo proprietary platformThe Complete range of tools
Automated trading capabilities
Clear look and fee report
Software that is industry-leading and does not require familiarization
There are tons of educational materials and automated strategies

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Mobile Trading Platform

FXTM also offers apps for tablet or mobile devices. This means that you can always access your account from wherever you are. The design is simple and easily customizable, but the app is packed full of tools and alerts to ensure you are always up-to-date.

ProsConsGood designTwo-step verification is not availableComplete control of your trading account
Price alerts
Charting is a good idea

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Placing orders

Social trading

FXTM platform offers powerful features and clear market monitoring. It also allows automated trade which is the execution of orders according to the strategy.

You can also use Social Trading to become an investor. This option allows you to follow ranked strategy manager which you can filter through a variety of criteria. Professionals may also become managers, and earn extra income by being copied.

Customer Support

A competent customer service is another positive aspect of the FXTM client-oriented operation. This is available via various sources, including online live chat, phone, email, and Messenger apps.

FXTM has a positive reputation and is highly respected by clients. FXTM supports many languages so that you can always count on FXTM for help.

There are centers established in Asia, including Thailand, China and Indonesia.

Education

The FXTM is a client-oriented broker. It doesn’t matter if the trader has trading capital, experience or style. FXTM can provide a solution and outstanding service to any particular need.

FXTM offers regular education events in cities all over the world to satisfy the need to trade and provide learning materials for anyone who wants to learn.

Webinars, seminars and platform tutorials are available. Trading tools, research tools, excellent glossary, Forex news. Market outlooks. Analyst analysis.

FXTM education is a top-notch industry resource. This point is highly recommended.

FXTM regularly holds Forex Contest, which is a way to practice strategy, improve skills, and increase confidence. FXTM offers both Demo and live accounts, making it a challenging experience for both new and experienced traders. Check the official FXTM site for information on recently released contests.

Conclusion

FXTM Review concludes that FXTM offers a high-quality trading platform for investors and traders, as well as beginners. There are many other benefits to ForexTime, which allows traders to choose between floating or flexible leverage. This leverage is determined by trader knowledge and experience, tight spreads starting at 0.1 pip and low deposit requirements.

Fxtm Details

very good customer service Great educational tools Digital and fast account opening
4.0
Platform Security
4.0
Buy Options & Fees
6.0
Services & Features
5.0
Customer Service
4.8 Overall Rating

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