FXTM Reviews Read Customer Service Reviews of forextime com

However, we were a little disappointed that they do not offer their own trading platform and you are confined to using MT4, plus trading spreads are not particularly competitive. But the education offering is very strong, whilst the research offered is above industry standard. FXTM do a great job in facilitating the offering of several different account types to traders.

What is FXTM’s minimum deposit in South Africa?

• To its credit, FXTM has over a decade of experience, and entities are regulated by three agencies, including the top-tier UK FCA.
• It receives approximately 40,500 Google searches per month, ranking it as the 31st most popular forex broker based on 2024 search data.
• The broker also has a range of educational materials and free demo accounts for beginners.
• FXTM is committed to educating traders, with a thorough and extensive educational centre that includes free eBooks and videos.
• Trading on MT4 with FXTM gives you access to a wide range of markets and hundreds of different financial products, such as foreign exchange, commodities, and indices.

In addition, FXTM offers CFDs on Stock Indices, and Exchange Traded Funds (ETFs). But on the downside, FXTM has a bit higher fees (spread) with their Micro & Standard accounts. They offer very low spread with their ECN accounts, so you should choose their ECN account for lower fees. But if you are looking for a low cost forex broker with Standard accounts, then FXTM is not the best out there, and there are some other regulated brokers to choose from. You can deposit ₦80,000 (both account types) via major banks in Nigeria.

• It also offers improved functionalities for algorithmic trading capabilities.
• Additionally, FXTM’s Help Centre serves as a comprehensive resource for traders seeking quick answers and self-help options.
• Although ideal for experienced traders familiar with volatility, FXTM also promotes safer trading by reducing leverage when market conditions require caution.
• However, Advantage account holders can benefit from spreads as low as 0.0 pips, with a commission rate starting at $3.5 per round lot, competitive with other brokers, especially for high-volume day traders.
• If you’re looking to take advantage of movements in an entire country’s stock market, you’re still able to trade index CFDs on MT4 with FXTM.

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. The trading and non-trading commissions of broker FXTM have been analyzed and rated as Medium with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, RoboForex and FxPro, to provide the most comprehensive information. The cent account is a variation on the standard in that all deposits are displayed in cents regardless of amount funded. It also comes with free mirror demo account and requires just £10 or equivalent to fund the live version. For account holders who maintain balances of £250,000 or equivalent or greater, you become eligible to receive institution-level spreads.

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There is an inactivity fee, however, which is $5 per month after 6 months. The Pepperstone vs FXTM review page will help you compare the spreads and features and see FXTM as a leading spread broker. ECN Zero AccountAn FXTM ECN Zero Account has all the features of the ECN account above but without the commission charges. To compensate for no commissions, you’ll notice that your spreads are slightly wider, but still under the level of Standard Accounts. Our broker reviews are reader supported and we may receive payment when you click on a partner site.

FXTM Tools and Resources

Over 250 trading instruments are offered on MT4 & MT5 with tight spreads as low as 0.0 pips. You can take advantage of some advanced tools completely fxtm review free of charge when trading with FXTM. Several account types are offered, and a low minimum deposit and fully digital account opening serve to get started with trading in no time.

The FXTM research offering is solid, producing 2-3 daily written articles on current market analysis. This research offers macroeconomic and geopolitical opinions on what is impacting markets and also some technical analysis. There are also market analysis videos published a couple of times a week. FXTM also produce monthly market outlook video reports and there is an economic calendar, alongside a scrolling Forex News Timeline. We do our best to constantly improve our customer service so our clients always get the absolute best!

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. An excellent and frequently chosen option for new traders and those seeking to lower risk is the FXTM Micro Account. The minimum deposit here starts from just $10 or 10,000 NGN which makes it extremely accessible to traders. Overall a very competitive rate and attractive scalping proposition. Overall, FXTM’s trading & non-trading fees is high with Standard accounts.

FXTM Account Opening

Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings. They have a range of payment options offered to the Nigerian traders as well as the number of trading instruments on offer, with anywhere access platform makes it a good broker in the business.

Trading Account Opening

With superfast execution, flexible leverage options, and competitive fees, FXTM ensures a cost-effective trading experience all in all. FXTM is regarded as a quality execution venue and Broker with fast performance, real ECN account, and a range of trading conditions suitable for traders of all levels and very appealing to beginners. Also, Broker is known for its quality services among the trading community, as has been operated for many years, besides being available for UK Trading. In addition to forex, CFDs, commodity, indices and spot metals trading, FXTM offers different account types to fit just about any kind of trader. FXTM is an award-winning broker that prioritises customer education while providing a diverse range of trading accounts and financing options to accommodate a variety of clients.

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. FXTM invest is also available with this account type if you are using the MT4 trading platform while the spread on trading here starts from 1.5 pips. With the FXTM Advantage account you can expect lightning ECN style execution alongside a good value minimum deposit of $200.

However, payments to and from overseas banking institutions may attract intermediary transfer fees from either party independent of FXTM. Though FXTM is a highly trusted and regulated forex and CFD broker, it has its strengths and weaknesses. In this review, we will take an in-depth look at FXTM, exploring its features, pros, cons, and more. By reading this review, you will gain a better understanding of whether FXTM is the right broker for your trading needs and preferences. To open a real account, complete your personal information, including your full address and source of income.

It is, therefore, unsuitable for those who lack proficiency and sufficient experience. FXTM resorts to a hybrid model of trade execution with both the Advantage and Advantage Plus accounts resorting to a market order execution. Nevertheless, the market execution model guarantees fast order processing with no requotes. The MetaTrader 4 platform offers easy-to-read, interactive charts that allow you to monitor and analyze the markets in real-time. You also have access to more than 30 technical indicators, which can help you identify market trends and signals for entry and exit points.