📈 Total Pairs
📊 Trading Fees
🕒 Account Activation Time
📱 Mobile Trading
🌐 Web Trading
Rated # 4.2 / 5
Fxtm Is An Award-winning Broker With Over 250+ Trading Instruments And Strict Regulation In Multiple Jurisdictions. They Provide Very Competitive Trading Conditions And User-friendly Trading Platforms For Web, Desktop And Mobile Devices. Fxtm Also Have A Range Of Educational Materials And Trading Tools With Flexible Account Types And Convenient Payment Options To Suit Every Trader.
In This Detailed FXTM Review, Our Online Broker Research Team Have Covered Some Of The Most Important Aspects For You To Consider When Choosing The Best Broker For Your Online Trading Needs.
Fxtm Takes Regulation And Transparency Very Seriously With Internationally-recognised Licences Held By The Brand. Regulations Are In Place To Ensure That Fxtm Operate With The Upmost Fairness And Integrity Whilst They Must Comply To Strict Regulatory Rules. Strict Regulation In Multiple Jurisdictions Can Help To Give Clients Peace Of Mind That They Are Using A Trusted And Transparent Broker.
Forextime Uk Limited (Www.forextime.com/uk) Is Authorised And Regulated By The Financial Conduct Authority (FCA) In The United Kingdom With Firm Reference Number 777911, To Offer Regulated Products And Services, Such As Accepting Deposits, And Making Arrangements With A View To Transactions In Investments Such As Commodity Futures, Contract For Differences, Futures, Options And Rolling Spot Forex Contracts.
Forextime Limited (Www.forextime.com/eu) Is Regulated By The Cyprus Securities And Exchange Commission (CySEC) With Cif License Number 185/12, And Licensed By The Financial Sector Conduct Authority (FSCA) Of South Africa With Fsp No. 46614.
Exinity Limited (Www.forextime.com) Is Regulated By The Financial Services Commission Of The Republic Of Mauritius With An Investment Dealer License Bearing License Number C113012295.
In Addition To Multiple Regulators, Fxtm Are Also Governed By The Markets In Financial Instruments Directive (Mifid) Which Was Implemented For All Eu Members To Share A Common, Robust Regulatory Framework That Protects Investors. As Per Mifid II Legislative Framework, They Publish On Their Website Quarterly Information On Execution Quality Of Transactions And Annual Information On The Identity Of Execution Venues And On The Quality Of Execution Obtained.
Client Funds Are Held In Segregated Accounts With Prominent Banks So That They Cannot Be Used For Any Other Purpose Within The Company. Eligible Clients May Be Entitled To Protection Of Funds Under The Financial Services Compensation Scheme (FSCS).
FXTM Supported Countries
Fxtm Offer The Industry Leading Trading Platforms Metatrader 4 (Mt4) And Metatrader 5 (Mt5) For Trading On Your Desktop (Windows / Mac), Web Or Mobile Devices (Iphone / Ipad / Android / Tablet). This Is Useful If You Need To Trade On The Go From Multiple Locations.
Metatrader Offers User Friendly Features And Cutting-edge Trading Technology, With Access To All Fxtm’s Major Trading Instruments, Multi-currency/language Support, Technical Indicators And Templates For Chart Analysis, Automated Trading Using Expert Advisors (Ea’s), A Large Community Of Traders To Share Ideas.
Whilst Mt4 Should Be Sufficient Enough For Most Traders, Mt5 Offers More Order Types, Technical Indicators, Graphical Objects, Timeframes And Includes A Built-in Economic Calendar To Stay Up To Date With The Latest Market News Releases.
MetaTrader 5 (MT5) Is The Next Generation Trading Platform From MetaQuotes. Just Like On MT4, You Can Access The MT5 Platform On PC, Mac, Mobile Trading (IOS And Android), Tablet And Through Any Browser Thanks To The WebTrader Option.
While Many Features Are Exclusively Available On MT5, The Fact That You Can’t Transfer Custom Indicators And EAs Without Having The Code Re-written Remains The Platform’s Biggest Drawback.
You Can, However, Trade All The Major Markets Offered By FXTM Directly From Your Charts In The MT5 Platform And Access Several Exclusive Features That We Go Over Below.
FXTM Deposit & Withdrawal
Fxtm Have A Good Selection Of Account Funding And Withdrawal Options For Simple And Quick Processing. They Offer Some Online Payment Processers Such As Skrill And Neteller Which May Be More Convenient For Some Clients Whilst They Are Constantly Adding New Options In Order To Improve The Process Even More. There Is A Small Inactivity Fee Of $5 If Your Account Has No Trading Activity For 6 Months.
Some Fees May Be Charged When Using Certain Payment Methods. Bank Transfers May Take A Few Business Days To Clear. Accounts Can Be Opened In Eur, Gbp, Usd. The Different Currency Options Are Beneficial As Currency Conversion Fees Do Not Apply When Using An Account In Your Own Currency.
FXTM Account Opening
Opening An Account To Trade With FXTM Is A Quick And Easy Process That Can Be Done Online. There Is A Short Form To Complete On The Website. You Will Then Need To Verify Your Email Address And Upload A Form Of Identification And To Confirm Your Address For Kyc Purposes. Once Verified By The Fxtm Account Team, You Can Fund Your Account And Start Trading.
FXTM Accounts & Fees
FXTM Have A Selection Of Trading Accounts To Suit Individual Trader Requirements With Flexible Leverage, Powerful Trading Platforms Across Multiple Devices, Competitive Trading Conditions And Minimum Deposits From Just $10. Fxtm Is An Islamic Friendly Broker With Swap Free Accounts Also Offered.
There Are 3 Standard Account Types And 3 Electronic Communication Network (Ecn) Account Types. Mt4 Is Available On All Accounts Whilst You Will Need An Ecn Account If You Wish To Use Mt5. Demo Accounts Are Also Available If You Wish To Trial Fxtm Before Opening A Real Account And Depositing Funds.
Leverage Is Offered Based On Your Knowledge And Experience. The Leverage / Margin Requirements May Be Subject To Change As A Result Of Applicable Regulations In Your Country Of Residence. The Highest Leverage Applicable To Retail Clients Is 1/30 And The Highest Leverage Forextime Offer To Clients Is 1/300. Esma Have Introduced Under The Product And Intervention Options That The Highest Leverage Would Be Up To 1/30 For Retail And Up To 1/400 For Professional Clients.
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.
The Cent Account Requires A Minimum Deposit Of Just $10. On This Account Type Your Balance Will Appear In Cents. This Account Can Be Used As A Way To Test The Standard Account Conditions Fxtm Offer, With A Lower Initial Deposit. The Maximum Volume Per Trade Is 1 Lot Whereas There Is Again No Commission Charged But The Spreads Are Floating From 1.5 Pips.
The Fxtm Share Account Has 180+ Shares To Choose From With Zero Commissions, 1:5 Leverage And Real-time Data From The Two Largest Stock Exchanges In The World. Fxtm Has Direct Liquidity From The Renowned Nyse And Nasdaq Exchanges. This Direct Connection From The Exchanges Helps To Ensure That Trades Will Be Executed Fast With Exceptional Liquidity. The Share Account Minimum Deposit Is $100.
ECN Zero Account
Through The Ecn Zero Account, Fxtm Offers Ask And Bid Prices Directly From Liquidity Providers (Lps) Although They Do Add A Mark-up To The Spread, The Account Is Not Charged A Commission. This Account Has Market Execution With No Re-quotes And Spreads Starting From 1.5 Pips. The Minimum Deposit Required Is $200.
FXTM Pro Account
Professional Traders Can Take Advantage Of The Deep Liquidity That Fxtm Offer Directly From Tier-1 Liquidity Providers And Spreads Starting From 0 Pips, No Last Look Pricing With No Requotes And No Commission Charges.
Overall, The Fxtm Pro Account Has Lower Spreads, More Liquidity And Faster Execution Speeds. Out Of All The Accounts Fxtm Offer, This Would Most Likely Be The Preferred Choice For Professional Traders, Institutional Traders And Hedge Fund Managers. The Professional Account Does Require A Minimum Account Balance Of $25,000 Is Maintained To Qualify.
FXTM is an award-winning broker that puts great emphasis on client’s education whilst offering a flexible selection of trading accounts and funding methods to suit different types of traders. They have strict regulation in multiple jurisdictions and offer a wide range of over 250+ trading instruments across multiple markets and user-friendly platforms for desktop, web and mobile devices. Furthermore, the broker has very competitive trading conditions including tight spreads, low commission fees and rapid trade execution speeds.