Combining fast query resolution, high satisfaction rates, and seamless withdrawal processing, its support system ensures traders receive dependable help whenever required. FXTM offers comprehensive global customer support with 24/5 multilingual assistance and dedicated account managers. Support is tailored with local-language assistance across key global markets, ensuring timely and effective resolution for both novice and experienced traders. FXTM offers responsive, award‑winning customer support, including live chat and direct assistance from trained account managers. Leverage allows traders to control larger positions using a smaller deposit. Featuring detailed charting, low spreads, and complete account control, FXTM enables efficient trading anytime, anywhere.
With friendly customer support, the latest technology, and a range of account types, FXTM aims to cater to the diverse needs of its clients. The customer support team can be reached via email at This extensive offering enables traders of all experience levels to find opportunities in the global markets. FXTM offers educational resources to help you learn more about forex trading. Remember, trading forex involves risk, and it’s important to understand the market before you start trading. This email can be used for a variety of inquiries, from account opening questions to platform access issues.
Education and Research
Forextime does not accept US-based traders, as it would violate regulations. Forextime does not levy internal deposit fees but charges for withdrawals, which is unfortunate. FXTM caters to most international traders, including the UK, India, Malaysia, and the Philippines. Most traders will satisfy this by sending a copy of their ID and one proof of residency document.
It’s important for traders to consider their individual needs and trading habits before choosing a forex broker. ForexTime, commonly known as FXTM, is a global online financial trading platform where individuals can trade in forex and other financial instruments. FXTM, also known as ForexTime, is a well-regarded forex and CFD broker with several advantages that make it a strong choice for traders. The broker also offers good educational resources and robust research tools to support both novice and experienced traders. FXTM is a well-established broker offering a range of account types including ECN accounts, competitive spreads, and commissions tailored to different styles.
Which Account Types are offered by FXTM?
- I like the trading environment at Forextime, as the trading costs in the commission-based trading account remain among the best industry-wide.
- This feature is geared towards those who wish to learn or earn without actively managing their trades.
- Each account type allows clients to focus on different asset classes, as well as offering different spread and commission price models.
- You can also open a demo account free of charge to practice your trading strategies.
I tried to open a second trade in the opposite direction of the same pair. Your system is not transparent, you offered a gift and made it known to me that there was no obligation, but once I activated the gift, you required me to make a deposit. Stop loss hunting with large spread, unprofessional customer service, huge fees in withdrawal, and lots of dirty book tricks to make you unhappy…. I wasted 5k trying to take my money out now it’s asking for additional $500usd of fees payments to take every $5000 out of profit funds and I can’t… I can’t even withdraw my money from this platform. I joined FXTM because they advertised a welcome offer claiming they’d match my first deposit up to $500.
- The broker also offers good educational resources and robust research tools to support both novice and experienced traders.
- But FXTM’s forex education breaks down the fundamental concepts in an easy to consume manner.
- Like all brokers, FXTM requires you to submit some personal information and documentation before your account can be verified.
- So, for example, if you want to trade a Bitcoin CFD, then you’d trade a BTC/USD CFD.
- Both these platforms are available on a range of devices, ensuring that you can easily trade when and where you want.
Trading Fees
They offer super-low commission rates and spreads from zero. These awards further highlight FXTM’s dedication to providing superior trading conditions and services to its clients. FXTM, a global forex broker, has indeed been recognized with numerous awards. The FSCA is responsible for market conduct regulation and supervision, aiming to enhance the efficiency and integrity of financial markets. It operates under the oversight of several respected financial regulatory bodies, ensuring a high level of trust and reliability for its clients. ForexTime (FXTM) is indeed a regulated entity in the realm of forex trading.
The choice of commodities and index CFDs is limited, but the overall selection of trading instruments is competitive. Hong Kong equities as CFDs face additional fees, which also remain very low. One of the most ignored trading costs is swap rates on leveraged overnight positions. Here is the minimum spread for the EUR/USD and the trading costs per 1 standard lot in both.
Big Four accountancy PricewaterhouseCoopers Limited (PwC) audits published statistics per International Standard on Assurance Engagements (ISAE) 3000. Forextime also delivers one of the best commission-based Forex pricing environments. For over a decade, DailyForex has been the trusted Forex broker authority, establishing an unrivalled reputation for rigorous research and journalistic integrity. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
FXTM, also known as ForexTime, is a forex broker that offers a variety of trading instruments. Whether you’re a beginner looking to dip your toes into forex trading, or an experienced trader seeking a reliable and feature-rich platform, FXTM could be a great choice. In conclusion, FXTM provides a comprehensive suite of educational and learning materials, making it a great platform for both beginners and advanced forex traders. The broker also offers educational resources to help clients learn to trade at their own pace. This regulatory body ensures that financial markets and services in Cyprus align with EU financial regulations, providing a secure environment for traders. They also host exciting forex contests where traders can show off their trading skills.
Currency pairs
Customer support responded quickly when we contacted them, and we found the support team to be knowledgeable and ready to answer our questions. FXTM has a convenient trading glossary that lists hundreds of terms in alphabetical order. There are also videos on using trading strategies and trading psychology. Here they can learn about the Forex trading basics, technical analysis, trading commodities, or fundamental analysis, among other topics. You can access this news via the FXTM website or from within MetaTrader. In this section, you will also find numerous current affairs articles, which outline they affect the various tradable markets.
FXTM licenses and regulation
You can access MyFXTM from the platform, to monitor funds or make withdrawals and deposits. You can use it to view live currency rates, manage all trading accounts, and open or close positions in a matter of seconds with one-click trading. Most people who trade on mobile applications combine them with desktop or web trading platforms, so these minor limitations should not be a problem. FXTM Trader is the broker’s proprietary mobile trading platform. To ensure that we only recommend high-quality brokers, our reviewers have tried and tested each of FXTM’s trading platforms. A trading platform is simply a software interface that allows you to place trades.
Are there any commission fees for trading stocks with FXTM?
Their video back library from past recorded webinars was once extensive, providing a wealth of knowledge for those new to trading or looking to deepen their understanding of markets and trading tools. FXTM provides an impressive array of trading tools and robust platforms, including the popular MT4/5 and their proprietary mobile app. However, prospective users should be prepared for potential delays during the verification phase which might be more pronounced for UK-based users due to the reliance on a contact form, rather than direct live chat or phone support, which can lead to extended resolution times for account-related issues.
Share Trading
All account types are available in demo mode, allowing you to explore the many benefits each has to offer using virtual funds under real market conditions. Each account type is equipped with unique settings and terms, tailored to your trading and investment goals. The minimum deposit, order execution type, and leverage are the same as the Advantage account. In conclusion, while FXTM has many strengths, including low fees, fast account opening, and good customer service. If you’re a trader who prefers to work with low spreads, you might find FXTM’s spreads too high for your liking. If you’re not planning to trade regularly, these fees could eat into your capital.
While the multiplier can enhance profits, it also increases the potential for significant losses, especially in highly volatile markets. In general, both mobile apps perform smoothly, providing quick trade execution and stable performance. Meanwhile, the MetaTrader apps are more feature-rich, providing advanced charting tools, customizable technical indicators, and automated trading capabilities through Expert Advisors. However, one of the drawbacks of FXTM’s fee structure is the presence of withdrawal fees, which vary depending on the payment method. Traders who engage in longer-term strategies or frequently hold positions overnight should consider these swap fees as part of their overall cost, as they can accumulate over time.
We champion verified reviews
This protection guarantees fxtm broker review the return of your money if the broker goes bankrupt. Remember, trading is risky and it’s important to understand the risks involved before you start trading with real money. You’ll be practicing under real market conditions, which is a great way to get to grips with risk management. Choose the one that best suits your trading needs and select the ‘Demo’ option. And register for a new account or log in to your existing MyFXTM account.
These resources are particularly useful for new traders looking to expand their forex knowledge. FXTM features competitive spreads, starting from 0.0 pips on ECN accounts. FXTM offers a range of account types to suit different trading styles. If you’re a more experienced trader who’s looking to take their trading to the next level, then FXTM’s market analysis is worth checking out. If you’re someone who learns by visual means, then free forex webinars for FXTM traders will be of interest to you. New traders are often overwhelmed with the sheer amount of information required to succeed in the markets.
Developing a robust client education program focused on regulatory protections and what they mean for traders could also empower clients and reinforce FXTM’s commitment to their safety. In conclusion, FXTM does allow Expert Advisors, making it a suitable choice for traders who wish to automate their trading strategies. FXTM’s support for EAs is part of its commitment to providing a competitive edge for its traders. It offers upgraded MT4/MT5 trading platforms, a proprietary copy trading service, and quality research and education. They are popular tools in the world of forex investing, allowing retail investors to tap into the expertise of professional traders. PAMM Accounts PAMM accounts feature a management module that distributes the sizes of trades according to an allocation percentage.