The fastest contact methods are phone and any of the live chat options. If you are trading with FXTM using MetaTrader 4 or MetaTrader 5, you can also elect to use the MT4 or MT5 suite of apps for mobile trading needs. If you want to learn how it works start by going through this in-depth guide on forex trading. It requires a minimum initial account deposit of £200 or equivalent. I thinik they could improve by extending support hours to the weekend in order to keep pace with competitors who do.

To compensate for no commissions, you’ll notice that your spreads are slightly wider, but still under the level of Standard Accounts. If you’re someone who learns by visual means, then free forex webinars for FXTM traders will be of interest to you. New traders or those simply looking to learn new methodologies are well catered for, with a multitude of tutorials and articles throughout the website.

The group serves more than four million clients across 180 countries, catering to traders at all levels. The broker also offers a few different types of accounts, so newer traders can open a micro account, which is very accessible, with a minimum deposit of just $50. Apart from spreads, the account types and range of instruments is basically a summary when it comes to the differences between the MetaTrader 4 trading platform and the MetaTrader experience. This includes news headlines stream from ForexStreet while offering MT4 and MT5 web. Please keep in mind, however, that this can only be used when you register an ECN Zero account through the myFXTM portal. Several corporate press releases relating to the company reveal their achievements that are based around its transparency, innovation, integrity, and drive to offer clients the most exceptional trading experience.

FXTM trading accounts

Through ForexTime FXTM, you can access numerous currency pairs, commodities, single-stock shares, and contracts for difference (CFDs). FXTM is a fast-growing forex trading platform in the world, first launched in 2011. FXTM is managed by different jurisdictions and managed by multiple entities. ECN Zero accounts offer floating spreads of only 1.5 pips without commission, while ECN accounts have low spreads of 0.1 pips with commission of 4 USD per lot.

  • MT4 is available for PC and Mac, with desktop of web-based versions.
  • 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).
  • This is a flexible and convenient way to access the commodities markets rather than purchasing the product outright and to diversify your portfolio.
  • There are 3 standard account types and 3 Electronic Communication Network (ECN) account types.
  • FXTM leverage is determined by various measures and firstly set according to the regulatory requirement in one region or another.
  • Please note that your profile must be fully verified to request a withdrawal.

Furthermore, the broker offers very competitive trading circumstances, such as narrow spreads, minimal commission rates, and quick transaction execution speeds. FXTM provides the industry-leading trading platforms in MetaTrader 4 and MetaTrader 5 for trading on your desktop, online, or mobile devices. This is handy if you need to trade from several places while on the road. In addition, the broker offers various trading tools and calculators. ForexTime(or FXTM for short) was established in 2011 and has become a leading foreign exchange and CFD broker. Over the years, the company has become known for its wide range of trading instruments, competitive trading conditions, and user-friendly platforms.

FXTM offers Multi Account Manager (MAM) on MT4 for easy management and ultimate convenience for traders with multiple accounts. The broker makes the MT4 trading platform available in desktop, web, and mobile versions. Forex Time, FXTM for short, is an award-winning brokerage firm that provides traders with all the necessary resources they need to participate in the global financial markets. It allows traders to buy and sell over 250 financial instruments across different asset classes, including forex, commodities, cryptocurrency, stocks, shares, indices, metals, energies, and CFDs.

FXTM Mobile Trading Application

This is important since not all asset classes can be traded through every account type. Stock trading with FXTM gives you access to real-time data and direct liquidity pricing for NYSE and NASDAQ indices. fxtm broker review Bitcoin, Ethereum, Litecoin, Ripple trading is all available when trading CFDs on cryptocurrencies through FXTM. You can get spreads of 200 to 400 pips and leverage that varies based on experience.

This account lets traders practice trading strategies without risking real money. Through the MYFXTM platform, traders can add to their Demo Account’s virtual balance and improve their training. Experienced traders can choose the FXTM Advantage Account, which has tighter EUR/USD spreads than other brokers.

FXTM: FAQs

FXTM broker was founded in 2011 and has continued to grow as a forex brokerage. FXTM has garnered a wide variety of traders as clients throughout its years and continues to gain attention in the broker industry. FXTM does not accept third-party payments, so all funds deposited into your trading account must be under the same name as your FXTM trading account. Payment from joint bank accounts or credit cards is accepted if the trading account holder is one of the beneficiaries. FXTM offers a good user experience, along with some useful trading tools such as a pip calculator, currency converter, profit calculator, MT4 indicators and forex VPS trading.

The Trustpilot Experience

The biggest reason to choose MT4 is to gain access to the endless library of custom indicators and expert advisors that have been developed specifically for the platform. With an inability to seamlessly transfer indicators from MT4 to MT5, many traders prefer to stick to MT4 to continue trading their proven strategy. The sheer number of CFDs to trade on some of the highest leverage available makes FXTM a clear choice.

Educational articles – There are numerous written educational articles on Forex and CFD trading and technical analysis, from the basics up to intermediate-level concepts. Platform tutorial videos – There are various tutorial videos on how to use the MT4 trading platform. For the ECN account the minimum is a far more competitive 0.1 pips with typical 0.3 pips, but there is also a $2 per lot commission to factor in as well. They offer 63 forex currency pairs, but only 8 commodities pairs, which actually number only two precious metals versus different currencies, Brent and Crude Oil plus Natural Gas.

We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. FXTM offer bite-sized and accessible short educational trading videos to help you learn more about trading and the different concepts involved. I think those who are already well versed in trading probably won’t find anything new here. However, if you are new to trading then there is plenty to get your teeth stuck into. The broker provides you with a free Currency Convertor tool for you to be able to quickly calculate the foreign exchange rates of major FX currency pairs.

Trade Execution

They cover a wide range of subjects for traders of all skill levels, such as trading techniques, trading tools, technical analysis, and more. Other features of MT5 include a multi-threaded strategy tester, fund transfer between accounts, and an alert system to keep you up to date on the latest market events. Traders may also engage with other traders using the incorporated MQL5 community chat to share ideas. FXTM MT4 and MT5 apps offer 30 indicators, interactive currency charts, and multiple timeframes for trading anywhere.

Between 74-89% of retail investor accounts lose money when trading CFDs. Making the right choice of broker and platform will help you trade better and combined with experience, tools, research and a helping of luck your trading adventure could take you places you only ever dreamed of. FXTM provides an excellent research section, including Market Analysis Videos, a Forex News Timeline and an Economic Calendar.

FXTM ensures traders have swift access to a representative should the need arise. I like the regulatory framework at FXTM, ensuring traders have access to competitive trading conditions and superior protection. FXTM is a member of the Honk Kong-based Financial Commission, where the Compensation Fund protects traders up to €20,000 per claim. It is identical to what CySEC offers but does not come with regulatory restrictions.

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