FXTM Review 2023 Trade with an award-winning forex broker

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Only the NFA regulated brokers featured on this site are available to U.S. customers.

The smart user interface of MT5 enhances the entire training experience and provides several additional trading features. It is a market leader and future trading platform for trading it is suitable for both demo accounts and live ECN accounts. The tradable instruments and available platforms are rather basic at FXTM.

Is FXTM a Legit Broker, and Should I Invest In It?

It contains more charts and indicators while offering the same cutting-edge features. You can customize it according to your trading style and preferences. Both MetaTrader versions are highly praised for their functionality. MT4 is a bit older yet offers full customizability, one-click trading, EAs, social trading, and much more. Furthermore, customers claim the company is not paying out affiliate commissions or FXTM Partners.

With 23+ million traders from 150+ countries and 410,000+ partners, FBS remains one of the largest brokers with an active trading community. Besides the out-of-the-box MT4/MT5 platforms, FBS offers a proprietary mobile app, a copy trading service, and attractive bonuses and promotions. The MyFXTM back office is where traders make all their deposits and withdrawals. Forextime does not levy internal fees, but traders may face third-party processing costs. I recommend checking them to determine the most convenient and cost-effective solution.

FXTM’s copy trading program allows less skilled forex investors to mirror your trades and then you earn a percentage of their profits. You can earn up to 40 percent commission for each trader who profits by following your trading strategies. Available asset classes include minor/major currency pairs and spot metals. Trading share CFDs gives you access to 20 major shares with spreads as tight as 0.1 pips and leverage varying based on experience when you open a Standard Shares account. Wide range of trading accounts with varying deposit minimums for all experience levels.

Example Commissions on ECN MT4

FXTM is a good all-round broker, but it does have some limitations. Firstly, traders may be disappointed in the relatively small number of financial assets available for trading. FXTM also charges high non-trading fees, including commissions for withdrawals and only offers desktop trading on the MT4 platform.

• Regulations are in place to ensure that the broker operates with the upmost fairness and integrity whilst they must comply to strict regulatory rules.
• FXTM does not have their own propriety trading platform, instead choosing to provide MetaTrader 4 & 5 as options.
• In the case of certain accounts, there are floating commissions.
• At the time of writing, each of these graphs displays the statistics for each month of 2018.

According to ForexTime, the company publishes all these statistics to reset the benchmarks and standards of the forex industry. As mentioned, ForexTime works with WebTrader for MT4 and MT5. This lets you access the markets on a PC or Mac without the need to download any software. There is no last-look pricing and this account takes advantage of deep liquidity right from ForexTime’s tier-1 providers. You can view the specific floating commission rates under Trading Accounts on the Commissions page.

In terms of trading fees, FXTM offers variable spreads on most of its instruments, with spreads starting from as low as 0.1 pips. The MT4 trading platform on FXTM supports multiple languages, more than 20 languages, and is compatible with both demo accounts and live ECN accounts. It is an industry-standard trading platform that provides access to financial instruments and markets, CFDs, indices, stock trading, and forex. The platform is free to use and allows traders to manage their trades and analyze different markets. When we compare FXTM with other brokers, it offers various trading account types and trading platforms.

You can view specific information for forex, spot metals, CFD US shares, spot commodities, stock trading, spot indices. You will see information such as minimum or typical spreads, pip values, swaps, and trading sessions. The tight spreads from ForexTime help to ensure that traders can take advantage of low initial trading costs. When writing this FXTM review, the trading platform has a 30% deposit bonus for all its registered traders.

You also get your own account manager who is on hand to assist and offer personalised support. I have found them to be excellent when it comes to support, always quick and helpful in their responses. You can trade CFDs on Indices with FXTM and choose from some of the most prominent and active securities in the US, Europe, Australia and Asia. Traders can buy a selection of stocks to suit the needs of their trading strategy including GDAX , AUS200 , ND100m (US Tech 100 – Mini), UK100 and SP500m (US SPX 500 – Mini).

We learned that the broker also provides tight spreads from 0.1 pips, and low deposit requirements, besides education is one of the best provided. So overall, FXTM is very trustable and quiality choice for Forex traders of any size. This website includes information about cryptocurrencies, contracts for difference and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.

How Withdraw Money from FXTM Step by Step:

In this table, we'll take a closer look at the fxtm forex broker review of trading with FXTM, so you can make the right choice about whether this broker is right for you. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, or any kind of trading you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services.

There is no need to wait for the KYC documents to be processed before depositing funds in a new FXTM account. Payment options include debit and credit cards, bank transfers, and e-Wallets. Some payment methods can only be used for higher-level accounts, but the basic range of options is in line with standard market practice. Additionally, there’s the FXTM Pro trading account, tailored for high-end trading professionals and institutions.

Deposit fees and options

Click here to see a detailed table in the Deposit and Withdrawal chapter. To have a clear overview of FXTM, let's start with the trading fees. First, let's go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.

It is not a surprise that FXTM has received the accolade of being the fastest growing broker in recent years, and we will evaluate the service further in this ForexTime review. A risk-free account is always recommended, as you can confirm website information regarding trading costs and see whether this broker is suitable for you. Despite, investing in virtual funds can never be the same as depositing real cash, so you be cautious. One fairly pleasing thing is the FXTM trading platform choice.

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This seems to be a duplicate comment/review based on another case we are investigating. Please do not post duplicate reviews since this leads to confusion and unnecessary delays to verify information. We are following up on your case to resolve it ASAP based on your previous review and you can continue your conversation or sentiments there. FXTM always acts in the best interest of our clients and this is clearly evident with the trust our clients place in us.

Now, let's see in detail what types of accounts FXTM offers for trading. Starting with what is already the best trading platform around, MT5 has made it even better. You won’t spend much time browsing options for trading forex online before you run into complaints about customer service. Bitcoin, Ethereum, Litecoin, Ripple trading is all available when trading CFDs on cryptocurrencies through FXTM. You can get spreads of 200 to 400 pips and leverage that varies based on experience.

It is then, after all, up to you to keep track of your performance with your acceptable risk levels. Withdrawals to eWallett carry no fees, while if you are withdrawing to a credit/debit card, you will have to pay a flat fee of 2 EUR, 3 USD, or 2 GBP, depending on your base currency. With FXTM, MT5 can only be used with ECN accounts, but depending on your country of origin it may not be available. Again, the platform works on Windows, Mac, iOS, and Android. Foreign exchange services which are connected to investment services. Safekeeping of financial instruments and custodianship of cash/ collateral management.

Accounts

https://forexhero.info/ does not charge internal fees, but third-party payment processor costs may apply. A $5 monthly inactivity fee applies after six months of dormancy. I find this reasonable and acceptable, and active traders will never face this cost. Forextime is also acquiring a regulatory license in Kenya as it expands across the African continent.

It is the only forex trading company that can give you that money, wealth you have craved to have but yet little time spent with no work done. These charting tools can be found in the MetaTrader trading platforms. FXTM offers commission-free real stocks for non-EU clients.The real stock selection lags behind that of XTB, while similar to XM's. After you download the MT4 mobile trading platform, you have to access the FXTM server, e.g. You're charged $5 per month after six months of inactivity and most withdrawal methods also have a fee.

Please read FXTM Reviews below and share live trading experiences with this broker. Trading instruments include over 55 currency pairs, Bitcoin, Litecoin, Ethereum cryptocurrencies as well as Stock Indexes, Stocks, Gold, Silver, Oil and other commodities. The forex market is one of the biggest financial markets in the world with trade volumes of over $6 trillion. It’s also a very volatile market as well with rapidly changing price action.