You get your own dedicated page to use to match with investors and can manage multiple accounts at one time. You can choose to open an ECN or ECN Zero account to get started. Available asset classes include minor/major currency pairs and spot metals. FXTM offers both demo and live account trading contests with something to offer traders at all levels from beginners to experienced. Here you will compete with other traders and you have the chance to win real prizes.

About a month ago I joined the platform…

The proof of residence must clearly show your names and the address you used to register your FXTM account. Opening an account is a lot easier – you can submit proof of residence in another person’s names – say, your landlord, spouse, et.c. 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. FXTM is regulated by three different regulatory bodies under its various operating entities. FXTM has adopted the Secure Sockets Layer (SSL) network security protocol for all communications.

1. You get your own dedicated page to use to match with investors and can manage multiple accounts at one time.
2. 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.
3. Demonstrating an understanding of what traders want from a broker, FXTM round things up with a robust compliance framework.
4. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
5. One of the key factors that make Forex Time an excellent choice for beginners is its user-friendly interface.

The costs depend on the account type, asset, and trading volume, where the commission-based option features the lowest trading costs starting from $4.00 per 1 standard lot in the EUR/USD down to $0.80. 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. Each account type allows clients to focus on different asset classes, as well as offering different spread and commission price models.

Most online payment processors will credit accounts instantly after FXTM has completed the withdrawal. They include bank wires and a broad range of domestic banking solutions for countries, which I find excellent. Traders may also use Skrill, GlobePay, Pay Redeem, Perfect Money, Neteller, FasaPay, and M-Pesa. At the time of this review, FXTM maintains a refer-a-friend campaign. A $5 monthly inactivity fee applies after six months of dormancy. I find this reasonable and acceptable, and active traders will never face this cost.

FXTM has top-notch regulatory oversight, a wide variety of asset classes and a solid reputation. FXTM offers a well-regulated platform and an excellent overall quality of services. Overall, the research and learning materials provided by FXTM are well thought out, effective, wide-ranging, and come with an innovative edge. The amount on offer is by no means industry-leading, but FXTM is not pitching itself as a multi-asset global broker.

In line with the rest of the site, it shares a lot of information without overcomplicating things. The FXTM customer service includes a detailed FAQ section which you can use to try to answer some questions you may have before calling the team. From that, you also have the available options of a website-based live chat, email, and phone call on more than 10 telephone numbers depending on your local area. FXTM Invest is a type of copy trading service provided by the broker. This is available to all traders and you can start to copy successful traders with as little as $100.

FXTM has a separate section relating to the indicators, where each piece of software is explained and evaluated. Such guidance is particularly valuable to beginners, but even seasoned traders will benefit from covering their previous notes on the subject. FXTM has recently seen the number of supported accounts double from 1m to 2m which tells its own story and makes the broker a candidate for any selection short-list. The strong language support follows through here too with all of the same languages available for customer service as on the website. The FXTM leverage which is available to you will depend on a couple of factors.

FXTM Review

FXTM offers access to 250+ instruments in seven major asset classes. Margins are tiered, as has recently become the industry standard. Having a seamless crossover between desktop and mobile trading always helps. hycm review The MetaTrader apps come with nearly all the functionality of the desktop service, which means that traders can carry around in their pockets some potent trading tools. While on the go, they can draw charts, make trades, set up alerts and carry out account management.

Payment processing times are slightly better than the market average. Withdrawals, for example, are quoted as being “same business day”. While conducting their due diligence, the keen-eyed will note that there are more ways to deposit than withdraw funds. Instead, the broker has effectively built a suite of educational resources that are well-tailored to the platform’s users. Its approach has earned the broker a strong reputation in the trading community, and in 2020 it picked up the FXDAILYINFO.COM award for Best Education Provider. The Quarterly Market Outlook reports provide in-depth analysis that allows traders to take the opportunity to reassess and recalibrate strategies.

FOREXTIME INSTRUMENTS AND SPREADS

FXTM ensures traders have swift access to a representative should the need arise. Beginner traders have access to one of the most comprehensive educational offerings, consisting of a video library featuring dozens of bitbuy review videos and written content. I find it well-structured and an excellent starting point for new traders.

Thank you for contacting FXTM client…

Just for signing up and opening a live account, you can receive a $30 (or equivalent) trading credit. In order to actually receive the credit, you must finish your registration and make a minimum account deposit in the first six months. The ECN (Electronic Communication Network) account works with MT4 or MT5. It requires a minimum initial account deposit of £500 or equivalent. Since its launch in 2011, FXTM as a platform and as a brokerage has been uniquely positioned to learn early and well from all of Alpari’s earlier mistakes, and in truth it has.

Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.

The Market Data to CSV function demonstrates the usefulness of the service to even the most experienced traders. This tool automatically records all historical bar data on your chart and every new tick to a CSV file. Data transfer is a vital part of testing, back-testing, strategy assessment and keeping on top of the markets. MetaTrader MT4 and MT5 facilitate various types of automated trading.