All account types can be funded using a wide variety of institutions and services. While the majority of deposit options incur no commissions (fees), the same does not hold true for withdrawals, which can be expensive to request. The FXTM standard account offers a wide range of features and benefits to all levels of traders. The minimum deposit requirement is $100 with a 30-lot maximum volume per trade. There is no commission charged on this account although the floating spreads start from 1.3 pips as they are marked up to cover costs. FXTM offer multiple account types and flexible leverage to suit all different types of trader.
- That speed in trade execution supports the many awards the company has been received over the years.
- Trading on this account type is available through both MT4 and MT5.
- One of the most exciting aspects of FXTM’s range of CFDs to trade is the fact that traders no longer have to change platforms to trade stocks CFDs.
The Orders Indicator is a simple tool that allows you to track your own transactions as well as examine the activity of others. It displays your transactions on the chart, indicating where the trade was started and closed, as well as whether or not a profit or loss was made (shown in currency & in pips). The strong language support follows through here too with all of the same languages available for customer service as on the website. The information you will receive can include a price target displaying both support and resistance levels as well as 4 identified take profit levels and a stop loss level.
FXTM Offers The Choice Of MT4 or MT5 Trading Platforms
From our side, we are ready to consider any proposals in order to make your work the most comfortable with our company. We’d be more than happy if you’d share your experience working with us with your friends. I just had my first withdrawal from FXTM through africansolutions.
And important to note that comply with the necessary regulatory guidelines in every region FXTM operates, which gains a high score from us in terms of its trust. From the fast client approval to the general trading process, comprehensive learnings, and available features, FXTM proves its high ranking among the traders’ community with more than 90% of positive feedback. There’s a lot to offer here for casual and first-time traders thanks to a large backlog of trading guides and a fully-featured mobile app that lets you modify your positions on the go. The ForexTime FXTM platform remains one of the best forex trading apps available today. Users who are able to meet the deposit minimums required to open an ECN account will receive highly competitive rates and avoid any limits on order volume. As you’ll find out in the following ForexTime FXTM review, this app stands out for its quick trades and withdrawals, which are facilitated by the MetaTrader platform.
The broker offers more than 250 assets in total in the following areas. The benefit of having the base currency available that you deposit in or withdraw to is that you will not have to pay any currency conversion fees. If you would like to know more about these types of accounts, then you can always check our other articles on the best swap free brokers. This is great as it means they do not ever expire unless you are inactive for a period of more than 60 days. They are also very fast to open, with only a few basic personal details, a valid phone number, and email address required. Here is a closer look at each and every account type you can expect when you start trading at FXTM.
FXTM Pros & Cons
Let’s look at its features to summarize the Best MT4 brokers review. The company has established centers in Asia, particularly in Malaysia, Thailand, Indonesia, and China. Other countries where FXTM has established presence include Africa and Europe. With this, you’ll agree that FXTM caters to the demands of all its global traders.
FXTM acts as a principle which means the company is considered the sole execution venue for all client orders. When a client’s orders are executed, it may route its own orders to licensed and regulated Non-EU and EU financial institutions. Orders where the price reaches Sell Stop, Sell Limit, Take Profit, Stop Loss, Buy Stop, and Buy Limit are all instantly executed. However, during vital microeconomic new releases, pricing gaps, rapid market movements, etc.
FXTM offers MT4 and MT5 platforms, with capped leverage for trading on both platforms, despite MT5 limitations on stocks and CFDs. Forex trading is a popular global trade, with FXTM reviews to help determine if it’s right for you. Earning money through this strategy requires taking advantage of fluctuations in currency prices. And yes, keep in mind that the MT4 and MT5 platform is also available for mobile devices.
If you have read to this point, we are sure you’re ready to try FXTM. What we love most about this broker is that it is regulated by top-tier financial regulators, especially in the countries where it operates. Yes, FXTM is regulated by several financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). FXTM makes a wide range of deposit and withdrawal methods available.
The mobile trading app is perfect if you need to trade on the go from multiple locations. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you fxtm review make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
Trading on this account type is available through both MT4 and MT5. An excellent and frequently chosen option for new traders and those seeking to lower risk is the FXTM Micro Account. The minimum deposit here starts from just $10 or 10,000 NGN which makes it extremely accessible to traders. Even as an Islamic trader you can access this account type through a swap-free account that is fully Shariah law compliant. Overall, if you can stand the higher spreads, it is a great entry-level account for you to start trading easily.
FXTM is a trustworthy broker with a wide range of trading instruments, great customer service, and easy-to-use platforms. It equips traders of all levels to succeed in the financial markets. FXTM provides five different account types, Micro, Advantage, Advantage Plus Islamic Swap-Free, and Risk-Free Demo trading accounts. The minimum deposit amount required to register an FXTM live trading account ranges from $10 USD – $500 USD. The FXTM Micro Account is a huge point for attraction for many traders with a very accessible chance to start trading. You will be able to use the MT4 trading platform with this account type and instant execution is provided with spreads that start from 1.5 pips.
The MT5 platform supports many more features than MT4 with more charts, more order types, more indicators and an integrated economic calendar. The MetaTrader 4 platform provides simple, interactive charts that allow you to monitor and analyse markets in real-time. You’ll also get access to over 30 technical indicators that can assist you in identifying market trends and indications for entry and exit locations.
Meanwhile, more advanced users will be able to use the ForexTime FXTM Pivot Points Strategy to enhance their trading style. This FXTM tool enables you to perform five-point calculations to decide what position to take on a range of financial instruments. We understand your frustration but please be assured that we are doing our best to investigate this and resolve this matter ASAP.
As pro traders are sufficiently experienced, the FXTM demo account is not available for them. They are currently headquartered in Cyprus but offer services in forex trading and many other assets to traders around the world. They have fast become one of the top forex brokers in the entire sector. Each account type allows clients to focus on different asset classes, as well as offering different spread and commission price models. You can view the full FXTM standard vs ECN account page or a summary is below.