FXTM Global Online Financial Trading and Investing FXTM Global

ForexTime boasts a slew of licenses and international awards («The Best FX Broker 2016», «The Best Supplier of Analytics in 2016» and «The Best Customer Service in 2016», etc.), which indicates its reliability. FXTM is the sponsor of the team of Formula 1 Sahara Force India. It also collaborates with the legend of base-jumping, a Red Bull athlete Valery Rozov. Additionally, it regularly shows up in the news reports of the Guardian, Reuters and the Financial Times. In this review we’ll try to find out whether this broker is another scam or not.

Experienced traders can take advantage of the advanced features of MetaTrader and lower trading costs through the Advantage account type. For trading the broker offers a reliable trading platform MetaTrader 4 (MetaTrader 5), its web version not to mention convenient mobile applications. You can also use its own mobile application, which has a basic functionality for comfortable trading (live currency exchange rates, minute trade news). A high quality informative website ForexTime deserves special attention. Traders can use the news feed, the economic calendar, calculators, trading signals as well as SMS notifications about important events on the market.

Yes, it is regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Commission of the Republic of Mauritius (FSC). The ForexTime Limited entity is also licensed by Financial Sector Conduct Authority (FSCA) of South Africa. You can easily see your profit-loss balance and the commissions you paid. We tested the credit card withdrawal and it took one business day. If you use credit/debit cards or electronic wallets, you can only withdraw up to the amount you have deposited via the same method. Therefore, you have to withdraw any profit by using a bank transfer.

The spreads offered by FXTM are typically lower than those offered by many other brokers in the industry, particularly on the Advantage and Advantage Plus accounts. The Micro account, however, has slightly higher spreads, which is to be expected due to the smaller minimum deposit requirement. FXTM, or Forex Time, is a global forex and CFD broker founded in 2011. The company is headquartered in Cyprus and is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and other regulatory bodies in various countries. FXTM offers a variety of trading instruments, including forex, commodities, indices, shares, and cryptocurrencies. The broker rewards loyalty with real money, which can be withdrawn from the account.

To receive the bonus, complete registration, join the program in MyFXTM, deposit funds, trade and receive cash back every week. Specify the conditions for participation in the action from the personal manager. Join the ForexTime team and receive a $30 trade credit in gratitude for the transfer. To receive the bonus, complete the registration, make a minimum deposit within 30 days and receive a bonus.

The MT4 trading platform on FXTM supports multiple languages, more than 20 languages, and is compatible with both demo accounts and live ECN accounts. It is an industry-standard trading platform that provides access to financial instruments and markets, CFDs, indices, stock trading, and forex. The platform is free to use and allows traders to manage their trades and analyze different markets. When we compare FXTM with other brokers, it offers various trading account types and trading platforms. The ECN account offers the most viable solution for professional traders who want to earn money rather than lose their money in the financial market without trading the market themselves.

What Is Margin Level?

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. For credit/debit card deposits, FXTM accepts Visa, Mastercard, and Maestro. There are no deposit fees for credit/debit card transactions, and funds are usually credited to the trading account instantly.

However, it lacks some popular features such as price alerts and trailing stop-loss orders. 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.

We found that Telegram worked well, and it was convenient to have all the prior chat questions and answers remaining in the chat window, which is not always the case with chat software used by brokers. The MetaTrader 4 desktop platform is one of the most feature-rich and popular trading platforms in the world. It does not have the most beautiful interface, and it does require some time and effort to learn, but that is typical of advanced platforms. In addition, when trading with a broker authorized by the FCA, client funds are protected by the Financial Services Compensation Scheme (FSCS).

Trade

In addition, short, easy-to-understand educational videos cover key trading and technical analysis concepts. Terms such as swaps and margin are explained along with basic themes such as the different chart types. The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities and indices. Once users are up to speed on a demo account, they can easily switch over to a live account. FXTM offers trading in forex and CFDs on commodities and indices. CFDs on stocks are currently not available for new clients in the UK.

Since our testing these platforms have been renamed to Advantage Account. Click here to see a detailed table in the Deposit and Withdrawal chapter. What you need to keep an eye on are trading fees and non-trading fees.

The FCA requires that clients have negative balance protection, which means they cannot lose more than their deposit. With forex brokers mushrooming throughout the globe at an overwhelming rate, would you like to know which are the most popular FX brokers based on WikiFX’s database? 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. Be careful with forex and CFD trading, as preset leverage levels may be too high.

The live chat support staffed with real agents is the most responsive support channel, making this communication channel quick and efficient; they are available 24 hours (Mon- Fri). Check the FXTM support page to find email addresses and contact numbers for different locations. FXTM offers a variety of deposit and withdrawal options for its clients.

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So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products. They include bank wires and a broad range of domestic banking solutions for countries, which I find excellent. Traders may also use Skrill, VLoad, TC PayWallet, Alfa-Click, Neteller, WebMoney, Yandex.Money, QIWI, Perfect Money, Konnexone. FXTM maintains one of the best selections of offered payment methods industry-wide.

High-volume and more experienced traders certainly benefit from the tight spread and access to an electronic communications network account or ECN account opening that allows them to gain access directly to the market. FXTM forex brokers provide the most attractive trading environment for both beginners and experienced traders. That being said, there is great potential for many traders https://forexhero.info/ to use large trades without paying additional trading costs. Being an excellent CFD broker, FXTM CFD broker offers both market execution and instant execution based on the FXTM trading accounts. Minimum deposits and FXTM spread are quite low, and copy trading and real stock trading features are also offered on the desktop trading platform, which strategy managers can also manage.

Equity CFD trading is commission-free as Forextime joined the group of brokers catering to millennial and GenZ traders favoring no commissions. I want to stress once again that commission-free does not necessarily equal cheaper trading costs. Spreads are generally higher, often twice as high, than commission-based offers, and FXTM is no exception.

I recommend checking them to determine the most convenient and cost-effective solution. Processing times also vary based on method and rank from instant to ten business days. We’re glad to hear that you enjoyed your trading experience with us and that you made a lot of profits too! We are sorry to hear about your experience with your withdrawals and we apologize for it. We process successful withdrawals on a daily basis for more than 4 million clients worldwide. At times, we do face technical issues but we do our best to resolve these issues ASAP.We are constantly improving our services so lovely clients like you enjoy a hassle-free payment process.

• The trading platform also provides access to proprietary and free VPS systems via the regulated broker if the traders meet certain criteria.
• In addition, short, easy-to-understand educational videos cover key trading and technical analysis concepts.
• For the Advantage Plus account, the spreads start from 0.0 pips, and a commission of $4 is charged per lot.
• To receive support via chat, clients must use Telegram or Facebook messenger.

FXTM web trading platform offers new traders an excellent user-friendly experience with enriching educational materials, including live webinars, videos, tutorials, live updates, and local forex trading seminars. Beginner traders also get free access to educational tools such as demo accounts that allow them to experiment with the fxtm forex broker review forex trading platform without making any real money investments. FXTM supports using popular MT4/MT5 trading platforms that offer a sophisticated and familiar user interface for professional traders to start trading immediately. FXTM offers demo accounts for all its account types, including Micro, Advantage, and Advantage Plus.

The FXTM mobile trading platform and the desktop trading platform support MetaTrader MT4/MT5 and a new FXTM Trader app. FXTM is a well-regulated and respected forex broker with a wide range of market instruments, competitive trading conditions, and user-friendly trading platforms. They offer various account types with reasonable minimum deposits and leverage options. FXTM’s customer support is also responsive and helpful, while their educational resources can be useful for both novice and experienced traders.

With operations overseen by four regulators, including two top-tier regulators, we rate FXTM as a relatively safe broker. Clients with the offshore entity should be aware that their protections are limited. FXTM charges a monthly inactivity fee of 5 EUR/USD/GBP/NGN to accounts that have been dormant for six consecutive months. We tested it and collected the options and costs in How to withdraw money on FXTM. FXTM is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority (FCA). The available stock markets are NYSE, NASDAQ and the Hong Kong Stock Exchange.

PAYBACKFX provides you the best ForexTime / FXTM cashback service, starting from the
cashback level and down to customer service. In case of any issues arise, we are always here to help and
can even step in and help with any issues you may have with ForexTime / FXTM. PAYBACKFX provides real-time reports of each of your cashback (when possible) so you can be rest assured that each and every rebate you should receive is paid to your account.

FXTM shines in the area of market analysis, with an in-house team producing insightful articles daily. Content covers fundamental and technical analysis and is mainly focused on the forex market. However, the FXTM brand does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, Brazil, the Occupied Area of Cyprus, and Hong Kong. For the Micro account, the spreads start from 1.5 pips, and no commission is charged. For the Advantage account, the spreads start from 1.1 pips, and a commission of $2 is charged per lot.

In terms of tradable assets, FXTM will best suit Forex and US equity traders. 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. 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.