- By ahmedelllsayed
- February 14, 2023
- Forex Trading
This type of fee brings you the simplicity of the calculation and is the best suitable option for many traders despite the strategy. FXTM’s three Accounts offer various fee conditions, so the standard spread starts from 1.5 pips for USD / EUR / GBP / NGN. FXTM is regarded as a MetaTrader broker that offers the standard experience. FXTM maintains 60 currency pairs, 8 commodities, 21 index CFDs, 802 equity CFDs, and 639 US-listed stocks. The choice of commodities and index CFDs is limited, but the overall selection of trading instruments is competitive. I also like that Forextime offers 639 stocks for direct investments, albeit only US-listed ones.
ForexTime FXTM: Features
As a Metatrader based broker, FXTM offers both MT4 and MT5 mobile apps that are compatible with iOS and Android devices. FXTM also has their own app which traders can download, but their mobile app can only be used for account administration purposes. Traders must use the Metatrader apps for engaging in actual trade related activities.
How to Trade in FXTM?
From the table above, the spreads offered by FXTM MT4 Accounts are quite higher than those offered by the big names in the industry — for example, IC Markets, IG Markets, and Fusion Markets. 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. Trading Forex and Leveraged Financial Instruments involves significant risk and https://traderoom.info/ can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. A glossary – There is an extremely comprehensive glossary of financial markets and trading terminology covering hundreds of different terms and concepts.
Trading Conditions
- Please note that your profile must be fully verified to request a withdrawal.
- This is a flexible and convenient way to access the commodities markets rather than purchasing the product outright and to diversify your portfolio.
- With the Forex News Timeline you can receive live market news straight into your trading platform or via the brokers website.
- FXTM offers an impressive product portfolio of spot metals and CFDs of popular asset classes such as forex, commodities, indices, and stocks.
- If you want to stick to MT4 and the massive back-library of custom indicators and EAs that have been developed for it, then you won’t have to worry about being forced to change by FXTM.
FXTM offers clients the opportunity to trade over 250 financial instruments, all from MT4/MT5. Trading on an ECN account ensures that you get the absolute best price in the market at any given time. FXTM use tiered commissions which mean commission costs will are lower if you hold more equity in your FXTM trading account and the more volume you trade. FXTM is known as a specialist MetaTrader broker, focusing its CFD trading platform offering exclusively on the MT4 and MT5 platforms.
All transfers are processed during standard business hours, Monday to Friday, although the time to receive funds back to the original account will vary. The broker’s stocks list is average, with 300+ US and European stock CFDs available. You can also make use of a wide range of market analysis resources which have been curated by the broker’s expert team.
The minimum deposit at FXTM for the Advantage and Advantage Plus accounts is $500 or its currency equivalent. While this figure is high, I rate the trading conditions offered here as more than worth the deposit size. FXTM also provides live chat on its website or via WhatsApp, Telegram, or Messenger. Since the product and services portfolio at FXTM remains well-explained, I doubt most traders will require assistance. FXTM ensures traders have swift access to a representative should the need arise. A demo account is available at FXTM, and I did not find a time restriction.
However, for the Micro Account, it uses a market-making model, which means that it matches trades in-house and sometimes becomes the counterparty for the trade. One benefit of this model of execution is that it offers ultra-fast execution speed, as the orders don’t wait for a counterparty order to be executed — the broker becomes the counterparty. FXTM does not charge any withdrawal fees on all payment options available. However, payments that involve overseas banking institutions may attract intermediary transfer fees from either party, which is independent of FXTM. If you require more tools along with powerful customization you better choose the Desktop version. MetaTrader supports all kinds of devices including PC, and MAC as well as an accessible Multi Terminal that is useful for money managers.
The FXTM website is very user friendly and the company also has a top notch customer service. I had to withdraw part of my money, and I had difficulties with the procedure. The account manager, Najib Atallah made exceptional efforts to help me out. He understood my situation, articulated to me why there is difficulty from FXTM’s side, and listed to me the various options I have. Then worked with me and the Backoffice relentlessy to get things resolved. I believe he is a great example of account manager that do care about customers and make them happy while at the same time, keep the company’s procedures adhered.
Spreads are generally higher, often twice as high, than commission-based offers, and FXTM is no exception. This account is similar to the ECN zero account but spreads start from just 0.1 pips and there is a small commission charge of $2 per lot. Spreads are usually tighter and execution speeds superior on an ECN account. FXTM Trading Signals are available in MyFXTM via a technical analysis tool that provides data and assessments of market movements across a range of trading instruments. If you are new to trading and looking for some inspiration, these signals can give you a foundation to work from. However, I wouldn’t take blindly without doing my own additional market analysis for confirmation.
If you have experience trading with FXTM please share your personal review of the broker and what you think are strong and weak points. Compare the markets and instruments offered by FXTM and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Compare FXTM with the top 3 similar brokers that accept traders from your location.
Unfortunately, this means that if you’re looking to use cTrader, then you are unable to with this broker. We can assure you that we always act with our clients’ best interests and are continually striving to provide the best possible support. The Company does not interfere with Clients’ trading activity, nor does it manipulate the prices received from its Liquidity Provider. This goes against both regulation and our corporate ethics.Kindly send us an email to with your MyFXTM number, trading account number and all the information regarding the aforementioned situation.
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. Yes, traders can request leverage changes by contacting FXTM customer care, subject to approval.
A huge selection of educational resources and 24/5 customer support help traders make the most informed decisions. You will find that there are lots of funding options which can be used for convenient deposits without any fee. Negative balance protection and FCA’s strict regulation both make FXTM an ideal choice for traders who are looking for a safe trading environment. Apart from spreads, the account types and range of instruments is basically a summary when it comes to the differences between the MetaTrader 4 trading platform and the MetaTrader experience. This includes news headlines stream from ForexStreet while offering MT4 and MT5 web.
Learn more about how FXTM can elevate your trading experience, whether you are a seasoned professional or new to the world of financial trading. We kindly ask you to send us your MyFXTM number to and all the necessary information regarding this situation. We will be glad to investigate your case and provide you with a detailed answer. The speedy fxtm broker reviews response of the chatroom, was a major encouragement for me.When I was having issues with deposit, there was always help a click away.And I am happy to have an assigned account manager. The minimum deposit to open a Live account is $ 5 for the Cents Account. There’s a rollover interest (swap) charged or received for holding positions overnight.