FXTM Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:6 58

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If you choose the live chat option, the FXTM chatbot will request your name and email address, then it will first respond to you by showing some FAQs. To transfer to a live agent, simply type chat agent in the chat and a customer care representative will respond and answer your questions. Step 5) After submitting your bio-data information, you will be required to choose your account currency, set a leverage limit, and create a password for the trading account.

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With converters and calculators, these tools make trading more professional for traders of all levels. FXTM’s ECN account is also available with CySEC regulation and is the first of three ECN accounts offered by the broker. With this account you can expect lightning fast ECN-style execution with a good minimum deposit of $500.

How to start your FXTM account?

Overall this FXTM review reveals the platform offers a well-rounded menu of research, analysis, current news and education to trading customers. FXTM exclusively uses the MetaTrader family of apps for mobile trading. While the brokerage also offers its own in-house FXTM app for iOS/Apple and Android, this app is designed to be used only for account maintenance and account syncing. As of time of publication, here are the current programs FXTM offers. Alpari launched back in 1998, at a time when online forex brokers were more of a curiosity than an industry staple. FXTM offers various educational resources to its clients to enhance their trading skills and knowledge.

FXTM offers fixed leverage trading for Micro Accounts on some instruments. CFDs on stocks, commodities, and spot indices have fixed leverage on FXTM depending on trading instruments and account types. FXTM offers 63 currency pairs, 0 cryptocurrency pairings, eight commodities, 17 index CFDs, 1,227 equity CFDs, 420 stocks listed in the United States, and five stock baskets.


In terms of security, FT Global utilizes the SSL protocol for network security. This ensures that a secure connection is used for all communications with clients. It also protects customers during any transactions they conduct with the company and ensures all customer information remains private. In addition to the company’s international regulation, it practices segregation of client funds. This ensures the safety of client funds on the off chance that something should happen to FXTM.

FXTM maintains an edge for high-volume traders in its commission-based accounts. It consists of phone support, including a call-back function, e-mail, and an FAQ section. FXTM also provides live chat on its website or via WhatsApp, Viber, Telegram, or Messenger. Since the product and services portfolio at FXTM remains well-explained, I doubt most traders will require assistance. Should the need arise, FXTM ensures traders have swift access to a representative.

Professional Accounts

FXTM also delivers fast execution as transactions are executed immediately. This means that you do not have to worry about delays interfering with your ability to get the best prices. Answer a few financial questions, experiences, and background questions, then fill out a form about financial knowledge. Choose an FXTM Pro account or any other one to open account, and add additional personal details like level of education and current address.

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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. Hence you will always have access to your account at your personal convenience.

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. Starting his career in finance on the floor of the Chicago Mercantile Exchange, Dan later gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. Dan also traded at a couple of different prop trading firms in Chicago. We found room for improvement in the range of available trading instruments. We should note that Advantage Plus is almost the same, with the difference that spreads start from 1.5 and there are no commission fees on trading.

Knowledge Hub/Build Your Trading Skills

These factors, calculated into our score, will help you understand if your money is safe. FXTM performed about average in the education category with in-depth articles, video tutorials, and a section on trading strategies with clear-cut examples. FXTM provides both the MT4 and the MT5 platform for FX and CFD trading.

  • In addition to these, some customers might be interested to learn that the broker also offers Exotic Currency Pairs like CHF/NOK and EUR/TRY.
  • Equity CFD trading is commission-free as Forextime joined the group of brokers catering to millennial and GenZ traders favoring no commissions.
  • Dan also traded at a couple of different prop trading firms in Chicago.
  • The broker offers various channels for clients to contact their support team, including live chat, email, and phone support.

The traders trade on market execution with ECN accounts, and the spreads are generally zero on some of the most popular currency pairs, including EUR/GBP and EUR/USD. This FXTM account type is Advantage because of the ultra-tight spreads and execution for orders allowing traders to enter their trades at current prices within milliseconds. FXTM stock trading gives access to direct liquidity pricing and real-time data for NASDAQ and NYSE indices. Note that stock trading activities are available only on the FXTM MetaTrader 5 platform.

FXTM Deposit Methods

Stay up to date with the financial markets everywhere you go. Broker FXTM does not stand still and is constantly evolving – in 2018 the number of active users exceeded half a million traders. In terms of content, it is quite high quality and can be recommended to traders.

trading costs

The MetaTrader Web Platform is a slightly stripped-down version of the desktop platform. It allows you to trade without any additional software; only an internet connection is required. The Web Platform enables users to trade directly from any browser and operating system. In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, the size of the company, and how transparent they are in terms of readily available information.

The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. The quality of educational texts and videos are superb as well. FXTM hasclear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid. If you are not familiar with order types, readthis overview. You can use the basic order types.You will not find very sophisticated orders like the ‘one cancels the other’ order. We tested the credit card withdrawal and it took one business day.

I am working with FXTM broker from last…

The number of payment methods to fund the trading account will allow you to transfer funds quickly by the use of bank transfers, credit cards, and some electronic wallets. FXTM or Forex Time has been named as one of the world’s fastest-growing and best Forex and CFD brokers, with a large number of clients and quality offering overall. The broker establishes its core on reliable trading conditions and detailed education and brings trading across the world with its accessible trading globe, regardless of the trader’s knowledge. Established in 2011, the FXTM Group is a global leader in online trading, bringing the opportunities of financial markets to global audiences, wherever they are and whatever their financial ambitions. We are specialists in leveraged trading, giving you the potential to generate financial returns on both rising and falling prices across FX, indices, commodities, shares and cryptocurrencies.

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For opening an account, you must go to the official website of the FXTM platform and navigate to the orange Open Account tab situated on the right-hand corner of the landing page. The FXTM brand is also regulated and authorized in various jurisdictions by several financial authorities. It is regulated by several such as Cyprus Securities and Exchange Commission and licensed by the Financial Sector Conduct Authority of South Africa.

Need a good and reasonalble feedback from your management as im funding and trading my money to your company. FXTM Overall Ranking is 9.3 out of 10 based on our testingand compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers. For the Cons, there is a withdrawal fee, and Stock spreads are rather higher, also condiitons vary on each entity. We’re glad you’re having a great trading experience with FXTM. I am just a small trader who deposited USD1000 into FXTM account and traded for 1 month and earned $90.

Our FXTM review found out that this company distinguished itself from the other providers by focusing on various local markets and adjusting their services accordingly to suit each one. Although FXTM does offer user-friendliness that might not be often encountered on the market, what truly differentiates it is the motivation to educate its customers. Concluding FXTM Review, FXTM gives a quality trading potential for both beginners and experienced traders or investors. While FXTM is known for its low trading fees and transparency, I enjoy its copy trading platform, FXTM Invest. The demo account feature offers an effective trading strategy within the trading accounts.

Trading Conditions

fxtm forex broker review brand does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, the Occupied Area of Cyprus). 18+ languages are supported, and more are added to the site and MyFXTM, the trader’s gateway. You can also use Telegram or Messenger if you prefer, and there’s a telephone number listed if you prefer to speak to someone in person. There is a good range of instruments to trade including the usual Forex and shares option. FT Global also prides itself on delivering full transparency. The company must periodically report to its regulators and always meets strict financial standards.

trading with fxtm

https://forexhero.info/ in any type of financial product including forex, CFDs, stocks, and cryptocurrencies involves a high level of risk. FXTM has been receiving numerous awards from reputed organisations for their dedication towards customer satisfaction and continues to outperform its rivals in all aspects. ForexTime has been voted as the Best Forex Broker in Europe and Africa last year and is a significant step up from being recognised as the fastest-growing Forex broker in the world. European regulation is indeed a vital component of enhancing customer safety, as all funds are protected by investor compensation schemes and segregation of clients’ funds.

The broker puts great emphasis on education whilst offering a flexible selection of trading accounts and convenient funding methods to suit different types of traders. Furthermore, I found them to have very competitive trading conditions including tight spreads, low commission fees and rapid trade execution speeds. I like that you can get access to plenty of tools to enhance your overall trading experience and excellent customer support. 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.

Bonuses and promotions are offered based on your country of residence while terms and conditions apply. Our testing team chose the phone call-back option as not many other brokers offer that service. A representative from FXTM typically responded to the request within approximately 60 seconds. The one big plus point of this approach is that it was beneficial to speak with a team member without having to navigate through a LiveChat chatbot or a range of FAQ questions. During the period when the account is being verified, it is possible to access the Demo account version of the MT4 platform and carry out some test trades. That allows new users to become familiar with the platform’s mechanics and to try out trading ideas.