The broker holds a mid-tier position in terms of global popularity among forex brokers. It receives approximately 49,500 Google searches per month, ranking it as the 31st most popular forex broker based on 2024 search data. This aligns closely with Similarweb traffic figures from February 2024, which place FXTM as the 31st most visited broker, with 473,000 global website visits. 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 is known as a specialist MetaTrader broker, focusing its CFD trading platform offering exclusively on the MT4 and MT5 platforms.
Sometimes, you may get a bonus on every deposit during a specific time period. Although you can use different deposit methods depending on your country and location, the minimum deposit depends on the type of account you intend to open. For example, for the micro account, the FXTM minimum deposit is $10, while it is $500 for the advantage and advantage plus account. Apart from FCA, FXTM forex broker also has the license from CySEC, which is one of the top regulations in Europe as they are a member of the European Securities and Markets Authority (ESMA). CySEC mainly regulates forex brokers, insurance companies, stock exchange, banks, and other financial institutions operating in Cyprus.
FXTM Trading Hours (GMT+
The broker’s customer support operates during business hours, which is similar to brokers like HFM, while others, such as IC Markets and Pepperstone, provide 24/7 support. FXTM offers a variety of research tools including daily market analysis, economic calendars, and Forex news updates, providing insights into market trends and potential trading opportunities. The web platform supports one-click trading for quick market entries and exits, as well as a wide range of order types for precise trade management. Additionally, it includes access to FXTM’s market news and analysis, helping traders stay updated on the latest fxtm broker reviews trends and market-moving events.
- Being a multi-asset trading platform, MT5 provides users with access to more instruments and asset classes, including stocks and futures.
- For example, certain e-wallets or bank transfers may have third-party fees.
- FXTM use tiered commissions which mean commission costs will are lower if you hold more equity in your FXTM trading account and the more volume you trade.
- However, its design feels a bit outdated compared to some of the newer, sleeker platforms.
- FXTM delivers a strong educational platform, offering webinars, e‑books, articles, and tools like pip, profit, and margin calculators via its Knowledge Hub.
Fees, Spreads, and, Commissions
Traders can participate in global forex contests for a chance to win prizes and gain recognition among peers. The table below showcases the spread differences between FXTM and Pepperstone. Use this information to determine which broker aligns better with your trading strategy. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. However, response times may vary depending on the time of day, and some users in certain regions have noted occasional delays in reaching support.
This ensures that in the unlikely event of company insolvency, client money remains protected. FXTM also offers negative balance protection across all its entities, so clients cannot lose more than their initial deposits, even in highly volatile markets. FXTM (ForexTime) is a globally recognized online Forex and CFD broker, renowned for its commitment to delivering reliable services, competitive trading conditions, and advanced platforms. Established in 2011, FXTM has grown into a trusted name with a strong presence across Europe, Africa, Asia, and Latin America.
The demo account lets you familiarize yourself with the various trading platforms on offer and test trading strategies, the latter of which benefits all skill levels. Our FXTM review team found that this broker has highly competitive trading and non-trading fees. Most account types at FXTM carry no commissions and offer low spreads on all instruments.
Forex
FXTM offers a competitive pricing structure tailored to a variety of trading strategies, from algorithmic trading to high-frequency and scalping strategies. The broker’s fee transparency and advanced execution technology make it a popular choice for traders who value low-cost trading and efficient order execution. FXTM offers traders a comprehensive selection of trading platforms designed to cater to varying levels of experience and trading styles. These platforms combine advanced features with user-friendly interfaces, making them suitable for both novice and seasoned traders.
Once registered, you can access the account through a customized login page named MyFXTM. But, most of the time, they offer bonuses during Christmas and fall seasons. For example, if you go long on gold and the price rises, you profit; if it falls, you lose—without ever buying real gold. For license updates, logo changes, review modifications, or to advertise with us — please contact Business Point, the official network manager of our platform.
What types of accounts can I open with FXTM?
For this reason, ECN accounts are more suited to experienced traders who may be trading on a larger account. For more experienced traders, an FXTM Pro account is also available on the ECN side with a minimum deposit of $25,000 with no commission and spreads as tight as 0 pips. All non-UK clients can use FXTM Invest, a social trading service and this is an area where FXTM does provide a strong service.
They include bank wires and a broad range of domestic banking solutions for countries, which I find excellent. Traders may also use Skrill, GlobePay, Pay Redeem, Perfect Money, Neteller, FasaPay, and M-Pesa. Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies. Here is the minimum spread for the EUR/USD and the trading costs per 1 standard lot in both. On investing forums, FXTM’s copy trading platform (“FXTM Invest”) was discussed.
- Popular indices such as the S&P 500, Dow Jones 30, and DAX 30 are available, offering opportunities to trade broader market trends with low transaction costs.
- On the other hand, FXTM’s minimum deposit is higher than some of its competitors, like Deriv and XM, making it less accessible for traders on a tight budget.
- If you are a forex and CFD trader looking for a trusted broker, FXTM can be an ideal choice for your trading journey.
- Established in 2011, FXTM or Forextime is a preeminent Forex broker that offers exemplary customer service and cutting-edge trading technology.
- Forex demo account is available for MT4 and MT5 and allows traders to select the demo account balance and leverage.
MT4 also offers features like price alerts, customizable watchlists, one-click trading for swift order execution, and the ability to trade directly from charts, enhancing trading efficiency. FXTM also provides demo accounts on MT4, MT5, and the FXTM Trader mobile app. The Advantage and Advantage Plus accounts are different in that they have ‘traditional’ trading parameters such as 80% margin call, 50% stop out, and a minimum trading lot size of 0.01 pips.
Brokers By Country
I also like that Forextime offers 639 stocks for direct investments, albeit only US-listed ones. Overall, the tradable assets at FXTM will best suit Forex and US equity traders. FXTM gives traders access to more than 1,000 instruments across key global markets. Whether trading Forex, stocks, commodities, or cryptocurrencies, it delivers the speed, competitive pricing, and advanced tools needed to take advantage of market opportunities efficiently.
FXTM Review – Key Features, Pros & Cons
A glossary – There is an extremely comprehensive glossary of financial markets and trading terminology covering hundreds of different terms and concepts. Platform tutorial videos – There are various tutorial videos on how to use the MT4 trading platform. There are the usual global stock indices, but only 11 to choose from and for individual stocks, there 173 US and European stock CFDs, which is far from an exhaustive list.
FXTM Fees
You can use indicators and other features on the mobile app, however, you will not be able to use Expert Advisors or trailing stop orders as these are only available through other platforms. One of the many areas where FXTM stands out in our forex broker review is in the variety of account types that are available. There are a total of six account types to choose from, including three standard accounts and three ECN accounts, so you can be certain you’ll find one to suit your needs. Not only is opening an account with FXTM straightforward, but the broker approves clients in an average of 12 minutes. This is much quicker than other brokers, who often take up to 72 hours to verify supporting documents. To register with FXTM you will need to provide some basic information and the process can be completed from desktop or mobile.
To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.
