One thing I’ve learned to never avail bonuses again from brokers lol. The other support options provided are really moving with the modern trader and cover FaceBook messenger, Whatsapp, Telegram, Viber or the option to request a callback at a convenient time.
In 2018, the company surpassed million registered accounts as the pace of acquiring new users is still increasing. You may be required to provide us with your card statement or a screenshot of your bank statement from your online banking, showing the transaction to FXTM. 15Cent Accounts offer a fixed leverage which is based on your experience and knowledge and can be changed within your MyFXTM.
FXTM maintains full compliance with its three regulators. Non-EEA and will deal with Exinity Limited out of Mauritius. The regulator does not require deposit fxtm forex broker review insurance, as granted by CySEC under the Investor Compensation Fund up to €20,000 and the FCA Financial Services Compensation Scheme up to £85,000.
Mobile Trading Platform
You will also find commissions for stock trading via PRO MT5 here. In the case of certain accounts, there are floating commissions. For ECN MT4, for example, the commission depends on the trading volume and equity, with lower commissions corresponding to higher trading volumes and equities. The tight spreads from ForexTime help to ensure that traders can take advantage of low initial trading costs.
If your support query is in relation to deposits or withdrawals then you are best off contacting their back office department directly via livechat or They keep the same hours as the live chat function. This is included under the banner of a ‘loyalty program’ as you will see below. If you are looking to trade stocks CFDs (of which FXTM provide access to 180+) you will need to be depositing 100 (£/$/€) in order to reach the minimum required for the ‘Shares Account’. The demo account with FXTM is as full as the full-fat version of MT4/MT5 and give you a great option to test each platform and perfect your trading before you fund. You do have the option to trade stocks CFDs, spot metals, commodities, Indices and the expected wide range of forex pairs. The focus on stocks CFDs is mainly covering US equities rather than other global markets however so if this is your market of choice then you may be out of luck. FXTM Invest only requires you deposit ($/£/€)100 to get started and once you are a ‘Copier’ you will see the same % gains as the account manager .
All international traders manage their accounts at Exinity Limited under the jurisdiction of the Financial Services Commission of the Republic of Mauritius . Metals – a category somewhere between Forex and commodities that deserves to stand on its own, in the opinion of many traders, so let’s treat it that way.
Is Fxtm Mobile Friendly?
FXTM is registered with the UK Financial Conduct Authority under number , and the CySEC (185/12) and South African FSCA which are Forex regulators. The broker is also regulated by the Financial Services Commission of the Republic of Mauritius .
Our final thoughts when conducting our in-deth FXTM broker review was that it caters to both new and experienced traders and provides an overall positive experience. Users from either group should not feel too restricted when using the platform even if the product range is not as extensive as that to be found at some other sites. Whilst the mobile trading experience offered by ForexTime doesn’t include anything particularly outstanding, its offering is in line with industry standards and has a user-friendly functionality. Our FXTM broker review found that it provides users with a decent selection of materials and resources to be used for research and learning purposes. Technical and fundamental news analysis is provided on a daily basis and prepared by an in-house team of analysts and delivered in the form of blog posts and videos. Additionally, quarterly market forecast reports are provided and make a great resource when you are mapping out your quarterly trading strategies. One of the next generation players on the scene, ForexTime has quickly established a solid name for itself.
FXTM launched its Forex brokerage in 2011 and has been steadily improving its services over the years. The broker incorporated its first office in Limassol, Cyprus, and has since increased its presence in other European, Asian, African, and American markets. CySEC is approved by the European Markets in Financial Instruments Derivatives and has a European Economic Area passport to cater to all traders from EU member nations.
To start the process of opening an account with FXTM you can visit the FXTM trading platform here. To trade effectively with FXTM, it’s important to get a have a good understanding of the FXTM trading tools and the markets.
Given the widespread popularity of the MT4 desktop client, the MT4 WebTrader also enjoys a leadership position. All MT4 WebTrader clients remain identical, regardless of the broker. The user interface is marginally improved but remains notably behind that of proprietary alternatives. Supported web browsers include Internet Explorer 11, Microsoft Edge 12, Mozilla Firefox 34, Foreign exchange reserves Google Chrome 43, Safari 8, and Opera 32 or higher versions. It does not support automated trading solutions or third-party upgrades, making it a choice for manual trades only who have no advanced requirements. The FXTM Webtrader does offer one-click trading, real-time quotes, and advanced analytics tools. For new retail traders, it may be the ideal entry-point to trading.
All trading accounts, except FXTM Pro and the account for trading CFDs on stocks, are available in the demo version which helps the company’s client test the trading conditions on the site. The FXTM broker does not restrict traders in choosing a trading strategy, but standard account types have restrictions on the maximum number of open and pending transactions. Clients are presented with various trading accounts designed for both novice and professional traders. For investors, the broker rates its managers based on various factors including their risk levels. Mobile trading is now key and when we did our FXTM broker review we found that the MetaTrader platforms that form the base of the ForexTime desktop trading experience are also made available in mobile format. The required Android and iOS versions of the MT4 and MT5 apps are easily accessed through the Android and iTunes app stores. This is very much the standard experience and being able to use the same platform for desktop and mobile trading always helps.
Bonuses Paid By The Broker
The range of options as you can see are good, various card deposit options from Visa, Mastercard and Maestro and some of the biggest online payment services providers. Skrill and Neteller are the main protagonists here we are glad to see as they are widely used and regarded as safe. The ECN accounts are where you will start to see some commissions but of course you have lower spreads to take advantage. It is natural that the broker will need to generate revenue from somewhere. The good thing with FXTM is that their commission charging is visible and easy to understand. You can expect a range with FXTM depending on the type of account you are operating, standard or ECN MT4/MT5.
- Some of the links on this websites articles and comparison tables are affiliate links, which means we receive a commission should open an active account.
- It also provides the ability to deliver those previously mentioned instant trades.
- We provide the most accurate and varied forecasts and collection of statistics for each Forex broker.
- All other details must be clear and visible and your card must be signed.
- This broker offers a series of deposit and withdrawal options.
- I was afraid that this was just another bucket shop, but ForexTime surprised me.
This calculator has you input your investment amount, your expected profit, your profit share, and your gross withdrawal amount. This will give you the amount paid to the manager based on the profit share and the net withdrawal. It also includes detailed trading history, 21 timeframes, 3 chart types, support for 18 languages, over 300 tools, real-time quotes, reliable data protection, and one-click trading. The MT4 version includes support for 18 languages, one-click trading, an intuitive user interface, 9 timeframes, real-time quotes, comprehensive account history.
Moreover, ECN account holders also benefit from very competitive spreads. Also, the fact that FXTM has one of the lowest fees for deposits and withdrawals in the forex industry, making this a good option for investors to often withdraw their profit. With these mobile trading apps installed onto their smartphone, FXTM can trade from anywhere around Currencies forex the world where there is internet access. In addition to the floating spreads accounts listed above, FXTM also offer 3 types of ECN trading accounts. They consist of the ECN Zero account, the ECN Account and the FXTM Pro Account. Any events such as dividend distribution affecting the relevant companies, are directly passed on to the client.
The whole notion of regulation is to protect FXTM traders and provide a safe forex analytics trading environment. Financial regulation and license approval is essential.