This ForexTime review examines their services, including account types, demo profile, plus the MT4 platform. We also list any current bonus offers and key comparison data, such as minimum deposit and minimum trade amounts. On the plus side, we found FXTM to have solid global regulation and an impressive number https://forexhero.info/ of different account types. However, we were a little disappointed that they do not offer their own trading platform and you are confined to using MT4, plus trading spreads are not particularly competitive. But the education offering is very strong, whilst the research offered is above industry standard.
Additional Features
FXTM is one of the brokerages that still does offer periodic bonuses, incentives, promotions and loyalty programs to traders, which can be very nice especially at the outset when you are just getting started. As of time of publication, here are the current programs FXTM offers. The shares account allows traders to trade major U.S. (120+ available) and EU (40+ available) shares using the MT4 platform only.
Is FXTM a legit broker?
They analyse price movements based and technical and fundamental analysis across a range of global markets. The Market Analysis team are regularly quoted in major international publications, including BBC, CNN, CNBC, Bloomberg, The Wall Street Journal, Financial Times, Reuters and Forbes. I found these to be really insightful and they helped me become aware of some market event that I may have otherwise overlooked. Standard AccountThe FXTM Standard Account is a no-frills option for new traders who want to start trading forex without worrying about extra commissions or fees. The account is not ‘standard’ as such, with the name coming from the fact that traders can trade standard lots.
MetaTrader 4
Not only does the broker offer various trading instruments, but they also prioritise the education of traders and offer tons of educational resources including webinars, eBooks, and seminars. Our platform is designed to empower you, whether you’re just starting out or are an experienced trader. With our global reach, robust educational support, and advanced trading tools, we are committed to helping you get the most from your trading journey. Overall, our fxtm review found them to be an excellent broker choice. If you are trading in real stocks and ETFs as is possible with FXTM, then a very minimal commission will also be charged. Similar to the majority of brokers, you can expect a swap-fee to be charged when trading CFDs based on the interest rates for that particular day.
How to Open An FXTM Account: Step By Step
- Compare the markets and instruments offered by FXTM and its competitors.
- Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
- The website places a heavy emphasis on education and customer care – this is a brand that takes its responsibilities to its customers seriously.
In order to actually receive the credit, you must finish your registration and make a minimum account deposit in the first six months. It requires a minimum initial account deposit of £25,000 or equivalent. The broker keeps thriving in the world of forex trading and has won the award for the Best Trading Experience at the 2020 World Finance Forex Awards.
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.
Forex traders who wants to believe in the safety and transparency of their trading activities often find confidence in FXTM with a longstanding history of regulatory compliance. Let’s begin the review of ForexTime (FXTM) with its founder’s words. Dashin founded this company with the support of well-spoken names in the industry. Cyprus, being a great central for the giants of forex have welcomed FXTM in the year of 2011.
FXTM has established a strong presence in foreign markets like South Africa, Nigeria, and the United Kingdom, providing a wide range of solutions to beginner and experienced traders. You will find the broker has a good selection of account funding and withdrawal options for simple and quick processing. They offer some online payment processers such as Skrill and Neteller which may be more convenient for some clients whilst they are constantly adding new options in order to improve the process even more. I am fan of the digital wallet payments as I can get quicker access to my fund which is important to me as I may need to react quickly to some unexpected market news. Daily Market Analysis is FXTM’s very own news portal that offers detailed market analysis and insights to keep you in the loop with the latest market happenings.
Overall, FXTM can be summarised as a trustworthy broker that is regulated by one tier-1 regulator (highest trust), two tier-2 regulators (medium trust), and one tier-3 regulator. The second step to opening an FXTM Account is to complete a simple online registration form. Once the registration form has been completed, the account holder will receive a PIN via email in order to confirm their newly registered account.
Actually, FXTM provides a free VPS service of its own if you meet certain trading requirements. This kind of execution could lead to a requote if the price is not available, and the broker acts as a counterpart with this type of execution. This gives you the perfect chance to learn more about the broker and trading in general with absolutely no risk or obligation to make a real deposit. As expected from such a major broker, there are numerous positive points to consider. The first of these is the good range of account type choices you will find.
Once registered with the FXTM Group, customers can benefit from daily market analysis. The broker utilizes in-depth fundamental and technical analysis to highlight potential market opportunities from Canada, Indonesia, India, Malaysia, Nigeria and beyond. You can view this information via several sources including podcasts, illustrated economic calendars, Twitter posts and videos. In addition, the customer support team is available to answer trading queries, provide platform help and give extra guidance. FXTM offers a high-grade demo account that enables individuals to hone their trading skills before investing their hard-earned cash. Users can manage accounts, open and close positions, check live global pricing and view charts while on the go.