FXTM allows clients to trade all the major cryptocurrencies, in the form of CFDs. All cryptocurrency CFDs are traded in currency pairs fxtm broker review just like forex markets, against the US Dollar. So, for example, if you want to trade a Bitcoin CFD, then you’d trade a BTC/USD CFD.

• Most deposit methods take up to two hours, but bank transfers can take three to five business days.
• Depending on the withdrawal method chosen, average transfer time ranges from 24 hours to 4 business days.
• Whilst the majority of you would probably get by with the platform tools, it is always nice to have some more at your disposal and helps the broker standout form the competition.
• They also have the advantage of contacting support on the go using their mobile or tablet devices.

On the platform in the My FXTM area there are some useful trading tools. These include an orders indicator, pip value calculator, pivot points strategy amongst others. With regard to fees from FXTM, there are varying fees dependent on the type of trading account that you decide to open. The spreads for Forex are not the most competitive in the industry, with the EUR/USD spread at a minimum of 1.6 pips for the Standard account, with 1.9 pip typical. For the ECN account the minimum is a far more competitive 0.1 pips with typical 0.3 pips. Rates, terms, products and services on third-party websites are subject to change without notice.

The broker provides traders you with convenient access to trade the markets, including CFDs on forex, stocks, cryptos and commodities. I found them to have a good selection of trading instruments to choose from. I’ve traded with FXTM for more than 2 years, soon to be 3 in a few months. I’ve had no issues with deposits or withdrawals; both are always fast. They have a good selection of account types to suit your needs(Micro account[CENT], Advantage account[commissions with smaller spreads], Advantage Plus account[no commissions with regular spreads]).

Why do traders love FXTM?

FXTM will not charge any deposit fees, just like most online brokerage firms, as this is now the standard practice for brokers. Nothing on this site constitutes advice or a recommendation – you use the site and its contents at your own risk. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

• So FXTM Broker is a trusted forex broker with account options and features for all traders.
• I would always prefer to use a broker without a dealing desk as I like to get my trades executed at the best possible prices and don’t want to be trading against the broker that I am using.
• The accounts on offer are Micro, Advantage and Advantage Plus, and each comes with different features and benefits.
• Notable areas of exclusion include the USA, Japan, Canada, Haiti, Suriname, The Democratic Republic of Korea, Puerto Rico, and The Occupied Area of Cyprus.

Strict regulation in multiple jurisdictions can help to give clients peace of mind that they are using a trusted and transparent broker. Opening an account at FXTM is fast, and the first step requires only a few seconds. Traders must submit their name, country, a valid mobile phone number, e-mail address, and desired password. FXTM will send a confirmation PIN to the entered mobile number to complete the process. We were able to complete this within 24 hours which was speedy and satisfactory.

This research offers macroeconomic and geopolitical opinions on what is impacting markets and also some technical analysis. There are also market analysis videos published a couple of times a week. FXTM also produce monthly market outlook video reports and there is an economic calendar, alongside a scrolling Forex News Timeline. This account is similar to the ECN zero account but spreads start from just 0.1 pips and there is a small commission charge of $2 per lot. Spreads are usually tighter and execution speeds superior on an ECN account. The minimum deposit at FXTM for the Micro Account is $10 or a currency equivalent.

Company Information

The offering of tradeable products is not particularly impressive, given the strong position FXTM holds in the industry. You can trade CFDs on Indices with FXTM and choose from some of the most prominent and active securities in the US, Europe, Australia and Asia. Traders can buy a selection of stocks to suit the needs of their trading strategy including GDAX (Dax 30), AUS200 (Australia 200), ND100m (US Tech 100 – Mini), UK100 (UK100) and SP500m (US SPX 500 – Mini).

Mobile Trading

Anthony’s writing is informed by personal trading experience, which he uses to help other forex traders improve their results. Anthony has tested dozens of forex trading tools and written hundreds of articles for many well-known sites in the industry. He is recognized for his insightful analyses of global markets and data-driven trade ideas. The broker provides traders with the intuitive MetaTrader 4 trading platform, which was developed by MetaQuotes Software. Trading on MT4 via FXTM provides access to a range of markets and hundreds of different financial instruments, including foreign exchange, commodities, CFDs, and indices.

Forex

FXTM earns its revenue from volume in this account type, as spreads will average above 0.2 pips, which remains one of the most competitive offers industry wide. FXTM offers new traders excellent educational resources that include live online webinars and local seminars, videos and tutorials. You can also get free access to one of the best learning tools available for any forex trader — a demo account. If you’re a new trader, you really can’t go wrong with FXTM’s extensive learning resources. With the FXTM app, available on both Android and iOS devices, you can monitor live rates and adjust your positions wherever you are.

ForexTime (FXTM) Broker Review

When it comes to trading platforms, FXTM only offers the popular MetaTrader 4 platform. MT4 is available for PC and Mac, with desktop of web-based versions. The lack of support for MetaTrader 5 is definitely a mark against FXTM’s overall platform provision. For more experienced traders, an FXTM Pro account is also available on the ECN side with a minimum deposit of $25,000 with no commission and spreads as tight as 0 pips. All non-UK clients can use FXTM Invest, a social trading service and this is an area where FXTM does provide a strong service. You can get involved either as an investor or as a strategy manager.

FXTM Broker Review – The Pros And Cons Of This Forex Broker

Forex indices are best suited for traders who are looking to diversify their risk instead of investing in the price movement of a single or currency pair. The available FX indices include the British Pound Index, the U.S Dollar Index, the Euro Index, and more. The MetaTrader 4 platform offers easy-to-read, interactive charts that allow you to monitor and analyze the markets in real-time. You also have access to more than 30 technical indicators, which can help you identify market trends and signals for entry and exit points. FXTM offers the ever-popular option of MT4 trading platform, along with the FXTM Trading app for mobile users.

We learned that FXTM offers separate accounts for Forex trading and Invest Accounts. Then there is a further split to your preference of the trading transactions, instrument, and the trading size, which all in all offers you 3 Account types – Micro, Advantage, and Advantage Plus. We found that when you trade with FXTM you are able to operate with fixed or floating leverage.