FXTM Review
General Rating
3.73/5
Trust Score
3.70/5
User Rating
3.76/5
- Company
- Specification
- Payments
- Platforms
- Support
- Commentary
- FAQ
- User Review
Fxtm Is A Well-established Broker Since 2011. Fxtm Has Headquarters In Belize, Cyprus, Mauritius, South Africa, And the United Kingdom. They Are Generally Well-suited For Fxtm To Provide Their Forex/CFD Trading Services To Global Clients.
This Broker Has Also Been Regulated By Cysec 185/12, Fca (Uk) 777911, Fsc (Mauritius) C113012295, And Fsca (South Africa) 46614.
This Multi-jurisdictional Arrangement Allows Fxtm To Differentiate Its Offerings Depending On The Region The Trader Is In. Keep In Mind That Getting Regulated Is Not Easy, So The Fact That Forextime Has Been Successfully Regulated In Several Jurisdictions Is Amazing.
As A Result, Thanks To The Fca License, Fxtm Can Provide Client Deposit Protection Of Up To £85,000. Through The Cysec License, The Broker Is Able To Reward Depositors Who Lose Their Account Deposits Due To The Failure Of Regulated Companies Up To €20,000 Or 90% Of The Investor’s Claims Covered. Clients With This Broker Also Enjoy Negative Balance Protection, So Losses Should Not Be Greater Than The Initial Deposit.
Fxtm, Or More Commonly Known As “Forextime” Has Been Operating Since 2011. Therefore, Fxtm Has A Significant Track Record And Reputation For Security In Terms Of Protecting And Promising Good Performance.
FXTM Company Information
Website:
Established:
2011
Country:
Belize, Cyprus, Mauritius, South Africa and United Kingdom
Regulation:
Cysec 185/12
Fca (Uk), 777911
Fsc (Mauritius), C113012295
Fsca (South Africa), 46614
FXTM Features
⇒ Bonus Offers
⇒ Trading Contests
⇒ Free Education
⇒ Personal Manager
⇒ Trading By Telephone
⇒ Segregated Accounts
⇒ Affiliate Program
⇒ Islamic Accounts Available
FXTM Account Types
Apart From The Forex Demo Account, This Broker Offers Fxtm Ecn, Standard, Cent, Ecn Zero, Fxtm Pro, And Ecn. To Successfully Navigate Your Trading Account, You Also Need To Consider About Leverage And Minimum Deposit. Talking About Leverage In General, The Maximum Leverage Offered By Fxtm Is Up To 1:2000. Meanwhile, You Can Open An Account With A Starting Capital Of $10
Fxtm Offers 6 Different Account Types:
FXTM ECN: To Qualify As Fxtm Ecn Investor, You Need To Deposit A Minimum Of $500 And A Minimum Lot Size Of 0.01. Spreads Are Variable With Advanced Features Including Expert Advisors, Trailing Stop, Pending Orders, One-click Trading, And Browser-based Platform. Although This Account Allows Scalping And Hedging, Rollover Or Swap Rates Will Also Apply To Positions Carried Overnight.
Standard: The Minimum Deposit For Standard Accounts Is $100. The Minimum Trade Size Is 0.01 Lots. Standard’s Spreads Are Variable. The Account Does Allow For Expert Advisors, Hedging, Along With Scalping. It Also Offers Advanced Features Including Trailing Stop, Pending Orders, One-click Trading, And A Browser-based Platform. On The Downside, It Charges Swap Rates For Positions Held Overnight.
Cent: The Minimum Deposit At Cent Account Is $10 With Minimum Trade Strat From 0.01 Lots. The Account Offers Fixed Spreads, Trailing Stop, Pending Orders, One-click Trading, And A Browser-based Platform. Cent Suits Advanced Trading Styles With Expert Advisors, Hedging, And Scalping Capabilities But It Also Charges Swap Fees On Positions That Are Carried Over Into The Next Day.
ECN Zero: Ecn Zero Account Has A $200 Minimum Deposit Requirement, Variable Spreads, A Minimum Transaction Size Of 0.01 Lots. It Also Allows Hedging, Scalping, And Expert Advisors, Plus Additional Features Such As Trailing Stop, Pending Orders, One-click Trading, And Browser-based Platform. There’s Also An Overnight Rollover Fee (Swap).
FXTM Pro: $2500 Initial Deposit, Variable Spreads, And Operate With A Minimum Order Level Of 0.01 Lots. Fxtm Pro Offers The Following Added Benefits, Including Trailing Stop, Pending Orders, One-click Trading, Browser-based Platform, As Well As Permission To Use Hedging And Scalping Strategy. The Account Charges Swap Rates For Positions Held Overnight.
ECN: Clients Can Deposit Funds With A Minimum Of $500. Ecn Offers Variable Spreads And A Minimum Trade Of 0.01 Lots. Highlights Of This Account Include Trailing Stop, Pending Orders, One-click Trading, And A Browser-based Platform.
FXTM Commission & Fees
The Spreads Are High, For Example, The Eur/Usd Is 2.0 Pips With The Company’s Advantage Plus Account. For Micro Account, Live Spreads Are Around 2.2 Pips. However, This Falls To A Minimum Of 0 Pips With The Ecn-style Account Fxtm Advantage. Fees And Costs Of Cfd Instruments Such As Commodities, Individual Stocks, And Equity Indices Are Average For The Industry. Fxtm Charges A $5 Monthly Inactivity Fee On Accounts That Have Been Dormant For A Period Of At Least Six Months Before This Fee Will Be Imposed. Overnight Swaps, Or Rollover Rates, Are Charged Although Fxtm Also Offers Swap-free Trading.
FXTM Payment Methods
Clients Can Deposit Funds With No Fees Through Neteller, Skrill, Western Union, And Webmoney. Major Credit Cards Are Also Accepted, And Bank Transfers Can Also Be Used. To Withdraw Profits, Clients Must Use The Same Method That Deposits Are Made Through. Unfortunately, The Broker Charges Withdrawal Fees. The Most Notable Fees Average To About $3 For Withdrawal By Credit Card And About $20 For Bank Transfers.
Multiple Payment Options Are Available Below:
⇒ Bitcoin: As A Payment Method, Bitcoin Is Reliable For Its Low Cost And Quick Process. Brokers Have Been Integrating Bitcoin As One Of Their Funding Methods Especially After The Cryptocurrency’s Rise In Popularity. Now, Traders Who Have Digital Wallets Can Easily Transfer Their Funds To And From Their Trading Accounts.
⇒ FasaPay: Known As An E-payment For Retail Forex Traders, Fasapay Does Not Require A Huge Amount Of Fee, Giving It A Competitive Edge Among Any Other E-payments In The Forex Brokerage Industry. Instant Process Is Also Featured As One Of Its Advantages.
⇒ Neteller: Like Paypal, Neteller Is One Of The Most Popular Online Payment Services Today. Due To This Popularity, Nearly All Forex Brokers Accept Neteller As A Payment Method For Their Clients’ Fund Deposit And Withdrawal. Although The Neteller System Is Available Almost All Over The World, It Remains Particularly Popular In Europe.
⇒ QIWI: Qiwi Is An E-wallet Or Electronic Payment Service Provider From Rusia That Is Introduced In 2007. The Service Is Mainly Used By Individuals And Businesses In Russia, Ukraine, Kazakhstan, Moldova, Belarus, Romania, The Us, And The Uae.
Skrill: Mostly, All Forex Brokers Provide Skrill As An Online Payment Service Option. Fast, Easy, And Safe Transactions Are The Main Reasons Why Traders Using This Method. Traders Can Use Skrill To Fund Their Trading Accounts With Either Payment Cards, Bank Wire Transfers, Or Directly From A Skrill E-wallet Account.
Webmoney: Webmoney Is One Of The Major Online Wallet Services Which Many People Use To Send Money Around The World. For This Reason, There Is A Large Number Of Forex Brokers That Accept Webmoney Today. Like Other Online Payment Services Today, Webmoney Is Supported By Mobile Applications To Make Transactions More Efficient.
Wire Transfer: Wire Transfer Is The Most Commonly Used Payment Method. Nearly All Brokers In The World Provide This Method On Their Service. The Reason Is Wire Transfer Is Basically Traditional Transfer Between Banks In The Worldwide. So, This Method Is Guaranteed For Its Safety. This Really Helps Traders Who Avoid Third-party Payments Or Don’t Have Credit Cards.
Fxtm Also Provides Payment With Credit/debit Cards, Dixipay, Perfect Money, Unionpay And Yandex.mone
FXTM Minimum Deposit
$10
FXTM Maximum Leverage
1:2000
FXTM Spread
Variable and Fixed
FXTM Trading Platforms
A trading Platform Is A Tool Where You Can Buy Or Trade An Instrument With Only Some Clicks On Your Device, Anytime And Anywhere You Want. In Addition, Price Chart Is Also Usually Provided With Some Analytical Tools To Help You Analyze The Price Movement, So You Can Increase Your Profitability By Placing Well-planned Trades.
Hereby, Fxtm Offers You Metatrader 4 (Limited With 60 Days) And Metatrader 5 (Limited With 30 Days).
⇒ Metatrader 4: Although It No Longer Enjoys Technical Support From Metaquotes, Metatrader 4 Remains The Standard Retail Forex/cfd Trading Platform Because It Is Relatively Easy To Use And Intuitive. Metatrader 4 Allows Hedging. Unfortunately, The Program Created For Metatrader 4 Is Not Compatible With Metatrader 5.
⇒ Metatrader 5: If You Are Familiar With Metatrader 4, Then You Will Not Find Much Difficulty In Using Metatrader 5. The Difference Is, Metatrader 5 Does Not Allow Hedging. It Uses The Mql5 Programming Language Which Is More Advanced Than Mql4 So Programs Written For Metatrader 5 Are Not Compatible With Metatrader 4. Metatrader 5’s Backtest Function Is Superior To Metatrader 4. It Can Also Perform Multiple Simultaneous Backtests On More Than One Asset.
FXTM MT4 System Requirements
- Operating System: Microsoft Windows 7 Sp1 Or Higher
- Processor: Intel Celeron-based Processor, With A Frequency Of 1.7 Ghz Or Higher
- Ram: 256 Mb Of Ram Or More
- Storage: 50 Mb Of Free Drive Space
FXTM Bonuses and Promotions
Fxtm Offers Its Loyal Clients Frequent Promotions And A Continuous Cashback Program. At The Time Of Writing, There Is A Refer-a-friend Bonus To Assist With Its Marketing Efforts. Existing Clients Can Earn $50 Along With Every Single Friend Or Family Member That They Bring To Fxtm. By Using Personalized Referral Links, Clients May Earn All The Way Up To $10,000. A Minimum Deposit, As Outlined Under Compare Account And Fxtm Invest, Where Applicable, Is Mandatory. After The Referred Trader Executes 10 Standard Lots, Both Accounts, The Referrer, And The Referee Will Receive A $50 Bonus.
FXTM Review Conclusion
Concluding Fxtm Review, Fxtm Gives A Quality Trading Potential For Both Beginners And Experienced Traders Or Investors. Moreover, There Are Other Advantages With Forextime Too, The Accounts Variety Is Very Impressive That Allows Any Trader Best Suitable Option Either With Flexible Or Floating Leverage – Leverage Which Is Determined Based On The Trader Experience And Knowledge, Tight Spreads From 0.1 Pips And Low Deposit Requirements.