FXTM

Overview

FXTM, or ForexTime, is a global forex and CFD broker that offers a diverse range of trading services to clients worldwide. Established in 2011, FXTM has built a strong reputation for its user-friendly trading platforms and extensive educational resources.

Regulation & Safety

FXTM operates under several regulatory authorities, ensuring a degree of safety for its traders. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK, and operates in various jurisdictions under licenses that adhere to local laws and regulations. This multi-regulatory framework provides a layer of security for clients.

Trading Platforms

FXTM offers several trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both of which are popular among traders for their advanced charting capabilities and user-friendly interface. Additionally, FXTM provides a proprietary mobile trading app that allows traders to access their accounts and execute trades on the go.

Account Types

FXTM offers a variety of account types tailored to different trading styles and experience levels. These include the Cent Account, Standard Account, ECN Account, and the FXTM Pro Account. Each account type comes with its own set of features, spreads, and leverage options, catering to both novice and experienced traders.

Spreads & Fees

FXTM is known for its competitive spreads, which can start as low as 0.1 pips on certain accounts. The broker also charges a commission on ECN accounts, while standard accounts may have no commission but wider spreads. Traders should be aware of the various fees associated with withdrawals and inactivity, which could affect overall trading costs.

Instruments & Markets

FXTM provides a wide array of trading instruments, including forex pairs, commodities, stocks, and cryptocurrencies. This diverse offering allows traders to explore various markets and trading strategies, enhancing their overall trading experience.

Customer Support

FXTM prides itself on offering robust customer support. Traders can reach out to the support team via live chat, email, and phone, with assistance available in multiple languages. The broker also has a comprehensive FAQ section on its website, addressing common queries and concerns.

Deposit & Withdrawal

The broker offers a variety of deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets. The minimum deposit requirement is set at $100, making it accessible for new traders. Withdrawal times can vary based on the method chosen, but FXTM aims to process requests promptly.

Educational Resources

FXTM is committed to educating its clients, providing a wealth of educational resources, including webinars, tutorials, and market analysis. The broker also offers a demo account, allowing traders to practice their skills without risking real money.

Final Verdict

In conclusion, FXTM is a reliable broker that offers a solid range of services for traders of all experience levels. With competitive spreads, a variety of account types, and strong regulatory oversight, it stands out in the crowded forex market. However, potential clients should carefully consider the fee structure and ensure it aligns with their trading strategy before committing.