FXTM Broker Review and Opinions

ForexTime Limited, operating under the FXTM brand, has been a go-to option for forex and CFD traders since 2011. Regulated by various financial authorities such as the UK’s FCA, it has earned itself an enviable reputation among traders worldwide.

FXTM provides a range of accounts to meet all needs and its fees are lower than competitors’. Furthermore, its educational resources and customer support are top-notch.

Opinions

FXTM is one of the top Forex brokers, offering a range of account types to accommodate different client needs. It boasts competitive spreads and leverage ratios up to 1:1,000.

FXTM provides a wide selection of assets to trade, such as 63 forex pairs and 8 commodities pairs. Furthermore, it provides global stock CFDs and cryptocurrency CFDs.

Traders can access their account through either the MetaTrader 4 platform or the FXTM Trader app, available for both iOS and Android devices. With this mobile application, clients are able to check trades, top up their accounts, as well as make withdrawals.

The broker provides an extensive educational program, featuring ebooks, videos and webinars on a wide range of topics. These resources are beneficial to both beginner and experienced traders alike; providing knowledge on topics from Elliot Wave theory to Japanese candlesticks.

Benefits

FXTM offers a selection of trading accounts tailored towards different kinds of investors. Customers can select between Standard, Micro and Advantage account types.

FXTM not only offers forex trading, but they also provide share CFDs. These trades can be executed instantly and potentially yield large profits.

However, you should be aware that CFDs carry a high risk of losing money. Therefore, it is advised to only trade with funds you can afford to lose.

Selecting a broker who executes trades quickly is essential in today’s fast-paced forex and CFD markets. To do this, you should compare their spreads and order latency.

Deposit and withdrawal

FXTM broker is a popular forex and CFD trading platform that provides its users with numerous advantages. These include fund protection, free demo accounts, as well as account managers.

The platform provides a range of trading instruments, such as spot forex, gold and silver; CFDs on indices, commodities and over 300 stocks; plus it provides education and trader support.

FXTM is a reliable option for traders. As a regulated and licensed broker, it adheres to various regulatory requirements such as strict capital requirements and segregating traders’ funds. Furthermore, FXTM is part of the Investor Compensation Fund which safeguards client assets in case of insolvency.

Trading platform

FXTM is a highly-rated forex broker that offers traders superior trading conditions. They provide accounts with tight spreads and low commission fees, as well as various funding methods like bank wire transfers.

It also offers a selection of educational tools to aid new and experienced traders alike, such as articles, ebooks, and video content.

Furthermore, the broker offers regular bonuses and incentives to traders. It also provides a demo account so clients can practice their skills.

FXTM is closely monitored by several financial authorities, including the UK’s FCA. Furthermore, it has a robust Know Your Customer (KYC) and Anti Money Laundering (AML) compliance program in place.

Pros and cons

ForexTime (FXTM) is a Forex broker that provides its services to traders worldwide. It is regulated by three regulatory authorities: UK Financial Conduct Authority, CySEC of Cyprus and Mauritian Financial Services Commission.

The broker also provides educational tools, such as e-books and seminars. Its trading knowledge hub offers an extensive collection of articles, videos, and charts that can assist new forex traders in getting started with trading.

ForexTime provides a range of trading strategies that can increase your profits. One such approach relies on pivot points, which allows you to quickly assess market sentiment and make decisions based on that understanding.

The broker also provides a copy trading service, which allows both novice and experienced investors to generate passive income by investing in the trades of successful traders. Investors can select from an extensive list of top-ranking managers that have been audited and rated according to their profitability, risk profile, and trading strategy.

Account opening and login

FXTM is a global broker that provides access to an array of instruments, platforms and account types. It has been licensed by multiple financial authorities and provides quick and helpful customer support. Furthermore, the broker provides educational tools such as demo accounts and webinars.

Signing up is a straightforward process that takes only minutes to finish, and once your account is approved you can begin trading immediately. All that’s required from you is valid identification, an address and mobile phone number.

Deposit and withdrawal options are plentiful, with most methods being free of charge. However, fees may apply when withdrawing funds via credit cards and bank transfers.

Education

FXTM provides an extensive library of educational materials for traders of all levels, such as articles, eBooks, general educational videos, platform tutorials and webinars. These are an invaluable way to further deepen your understanding of forex and CFD trading while learning new techniques.

The broker also provides a forex glossary, which clarifies key terms and trading jargon used in the industry. This is invaluable for newcomers as it will give them insight into the market better and increase their success rate.

FXTM is closely regulated by several financial authorities, including the UK’s FCA. As such, it has earned itself a reputation for being an unrisked trading platform. To this end, FXTM adheres to stringent capital requirements, segregates customer funds from its own resources, and uses anti-money laundering procedures among other measures.

Customer service

FXTM is a UK-based forex and CFD broker that has earned multiple accolades. It provides an accessible, secure platform for traders of all levels, earning them the Financial Conduct Authority’s top tier rating.

FXTM provides comprehensive customer support in 18 languages, with 24-hour availability of customer service. Plus, its Account Service Manager provides personalized assistance through email, phone and live chat channels.

Traders can make deposits and withdrawals via bank transfer or credit card. Deposits are free, while withdrawal fees tend to be low compared with the industry average; however, processing times tend to be about average as well.

The broker is regulated by both Cyprus Securities and Exchange Commission (CySEC) and Mauritian Financial Services Commission (FSCA). Customers can reach support representatives in English, Chinese, Spanish, French, Polish, Italian or Arabic for assistance.

Demo account

FXTM is an international CFD and forex broker regulated by the UK FCA, CySEC of Cyprus, and Mauritian FSC. It offers a fast account opening process through digital technologies, an array of educational resources, as well as customer service representatives who speak multiple languages.

FXTM also offers traders a demo account to practice trading with virtual funds before risking real funds. This educational tool helps traders formulate an effective trading strategy and gain familiarity with FXTM’s MT4&5 platforms.

The broker’s MT4&5 platforms provide a suite of features and tools, such as copy trading and a mobile app. These enable users to trade various assets, from currency pairs to stock CFDs. Furthermore, traders can open accounts on WebTrader, which enables them to access their funds from any device with internet access.