The ICF’s purpose is to guarantee claims of covered clients in cases where the CIF, such as FXTM is not able to perform due to financial circumstances. 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 https://forexbroker-listing.com/ on more than 10 telephone numbers depending on your local area. This fee will only be applied if you have a real money account and not on any demo accounts. This gives you the perfect chance to learn more about the broker and trading in general with absolutely no risk or obligation to make a real deposit. As expected from such a major broker, there are numerous positive points to consider.
Is FXTM regulated and legit?
FXTM offers many different types of accounts to cater to the needs of each individual trader. They have Market Maker / Dealing Desk accounts which include the Cents, Standard, and Shares Account. In addition, they offer ECN/STP model accounts which include the ECN Account, ECN Zero Account, ECN MT5 Account, Strategy Account, and Pro Account. FXTM or Forex Time is a fast-growing Forex broker that was established in 2011. Due to their deep product offering, competitive dealing spreads via their ECN/STP model, and ultra-fast execution capabilities, FXTM has rapidly risen to among the top brokers in the FX industry. FXTM Invest is a type of copy trading service provided by the broker.
How do I contact FXTM customer support?
A dedicated FXTM shares CFD account is offered where you can focus only on stock trading. For first-time users looking for an app more tailored toward improving their trading skills, Stock Trainer is an alternative option worth considering. This virtual trading app provides the ideal environment in which to learn more about how foreign exchange markets operate. You can choose between six different types of FXTM trading account.
Forextime Deposits and Withdrawals
With real-time prices sourced directly from the NYSE and the NASDAQ, trade price movements of some of the largest global companies. FXTM’s MT4 platform also allows traders to access the multi-terminal feature that is unavailable on MT5. The sheer popularity of the MT4 platform has meant that FXTM will never close MT4 accounts and force clients to change to MT5. If you want to stick to MT4 and the massive back-library of custom indicators and EAs that have been developed for it, then you won’t have to worry about being forced to change by FXTM.
Is FXTM suitable for spread betting?
I applaud them for their focus on the trading environment, granting clients a distinct edge. Forextime is also acquiring a regulatory license in Kenya as it expands across the African continent. On February 26th, 2021, FXTM ceased its retail operations from its CySEC regulated entity. It cited the uncompetitive regulatory framework introduced by the European Securities and Markets Authority (ESMA) for its reason.
Best Forex Trading Platform
MetaTrader 4 is one of the most feature-rich and popular trading platforms. It does not have a beginner-friendly interface and requires some time and effort to learn, but that is typical of advanced platforms. It has advanced functionality like automated trading, but fxtm broker reviews it looks and feels a bit dated. In light of this, I feel the platform is better suited to experienced traders than beginners. The spreads in the Advantage Plus account are average, but more competitive conditions are available via the raw spreads Advantage account.
Mobile Trading Platform
- You can get involved either as an investor or as a strategy manager.
- This means trading is high accessible through FXTM for all level of trader.
- FXTM Trading Signals are available in MyFXTM via a technical analysis tool that provides data and assessments of market movements across a range of trading instruments.
- And after the platform, we are confident it is suitable for new and experienced investors.
- Trading on MT5 with FXTM provides you with even more access to financial markets, including foreign exchange, commodities, indices, stocks, and futures.
- There are nine interactive charts allowing traders to review quotes and react to price movements within currency markets.
If you are an FXTM ECN account holder, then market executions are offered. These results in no requotes and the broker does not act as a counterpart to these trades since you will be trading on the markets directly. This kind of execution could lead to a requote if the price is not available, and the broker acts as a counterpart with this type of execution. FXTM does offer Islamic trading accounts, though these are available only through MT4 and not if you are trading with MT5. As there is no rollover fee charged on this account type to fully comply with Sharia law, then FXTM may charge an additional fee with the account. An excellent and frequently chosen option for new traders and those seeking to lower risk is the FXTM Micro Account.
Spreads and minimum deposits are low with a cent account also available. Real stock trading and copy trading are also offered though the selection of overall assets is limited. In addition to the above features, FXTM also offers users a quality demo account so you can try the platform for yourself before investing any money. It’s important to note that FXTM in Europe only accepts professional clients as of March 2021. As pro traders are sufficiently experienced, the FXTM demo account is not available for them.
FXTM Invest is a copy trading service similar to the setup at eToro. You follow the FXTM traders, known as strategy managers in this case, with the risk management principles and system that align with your expectations. FXTM offers clients the opportunity to trade over 250 financial instruments, all from MT4/MT5. MetaTrader 4 (MT4) is the tried and tested trading platform that has catapulted forex trading into the mainstream. Whether you have a PC, Mac, mobile, tablet, then FXTM has an MT4 option for you. FXTM is known as a specialist MetaTrader broker, focusing its CFD trading platform offering exclusively on the MT4 and MT5 platforms.
FXTM is an award-winning broker that gives you access to trade a great range of over 250+ financial instruments. They provide you with very competitive trading conditions and powerful yet user-friendly trading platforms. The broker also has a range of educational materials and free demo accounts for beginners.
Spreads go as low as 0.4 on XAG/USD or 5.0 on XAU/USD when you open an ECN account. The brainchild of founder Andrey Dashin, FXTM is a relatively new addition to Dashin’s global holdings, which also include forex brokerage veteran Alpari. FXTM offers a well-regulated platform and an excellent overall quality of services. Overall, the FXTM research offering is probably above the industry standard, though we would like to see more regular videos and written content, maybe with a dedicated focus on technical analysis. Educational articles – There are numerous written educational articles on Forex and CFD trading and technical analysis, from the basics up to intermediate-level concepts.