FXTM Review in 2024 Spreads & Fees Compared

Then worked with me and the Backoffice relentlessy to get things resolved. I believe he is a great example of account manager that do care about customers and make them happy while at the same time, keep the company’s procedures adhered. Thank you for detailing your experience with our super-awesome Account Manager – Najib Atallah. FXTM always “gives you more” and this is reflected in the world-class support we offer our clients.

FXTM Advantage Account

Additionally, it includes availability of all trade types and execution methods, complete trading account control, and optimization for iPads. 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. It also includes advanced analysis tools, real-time quotes in MarketWatch, and reliable data protection. The ForexTime FXTM platform remains one of the best forex trading apps available today.

It has also established itself as a market leader for traders from emerging and frontier markets. I also like the upgraded MT4/MT5 trading platforms and overall transparency at FXTM, which I confidently rank among the very best Forex brokers. The FXTM Pro Account caters to professional traders, as the name suggests. FXTM also advertises it to institutional traders and hedge funds. It requires a minimum deposit of $25,000 or currency equivalent to open. FXTM earns its revenue from volume in this account type, as spreads will average above 0.2 pips, which remains one of the most competitive offers industry wide.

Traders under xcritical all global entities benefit from negative balance protection and segregated client funds. When trading with FXTM, you can deposit in USD, EUR and GBP, though global entities also accept PLN, CZK and NGN. The broker charges no deposit fees, but third-party charges may apply. Exchange rates may also apply if you are depositing in a currency other than your base currency. FXTM processes most withdrawals within 24 hours, but it may take up to five business days for clients to receive their funds, dependent on the payment processor.

Overall, the tradable assets at FXTM will best suit Forex and US equity traders. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. There is a free demo account you can take advantage of before committing your money to the broker so you can get a feel for how it works. The minimum deposit is just $100 when you want to start trading for real money.

Making A Trade

The former ranks among the more expensive ones, but the latter account is one of the best ones available. I can highly recommend it for high-frequency traders and scalpers. PricewaterhouseCoopers Limited (PwC) also audits select performance statistics, and FXTM remains one of the more transparent brokers.

Leverage Review

This allows you to invest in a trader of your choosing and take a share of any profits they manage to generate. Other educational resources from ForexTime include the forex glossary, an introduction to forex trading, forex trading for beginners, a demo account. Finally, ForexTime offers VPS hosting to allow for an enhanced trading experience. By using a Virtual Private Server, FXTM clients can enjoy a 99.9 percent operational connection time, an optimal connection speed.

It cited the uncompetitive regulatory framework introduced by the European Securities and Markets Authority (ESMA) for its reason. FXTM is a legitimate, safe, and secure broker, as it is highly regulated, holding licenses in several jurisdictions, including the tier 1 financial center of London. Its UK license may entitle account holders to state compensation in the event of broker bankruptcy of up to £85,000. The encryption includes server authentication and user identification policies. Thus, ensuring the data gets sent to the proper server and customer terminal.

This allows for positions to be opened for as little as $1 in cash value meaning that the $10 minimum deposit for a cent account has you well-equipped to trade. This fee will only be applied if you have a real money account and not on any demo accounts. Overall a very competitive rate and attractive scalping proposition.

1. ForexTime provides technical and trading support as well, exclusive privileges for VIP clients, and makes it easy to open accounts.
2. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
3. FXTM is known as a specialist MetaTrader broker, focusing its CFD trading platform offering exclusively on the MT4 and MT5 platforms.
4. I like that Forextime continues to adjust to market and regulatory changes, ensuring traders maintain a competitive edge.
5. These accounts feature much tighter spreads than standard accounts, but a small commission charge is applied to your trades.
6. They include bank wires and a broad range of domestic banking solutions for countries, which I find excellent.

It offers ECN and market execution through both the MT4 and MT5 trading platforms. FXTM offers a range of account types to suit different trading styles. These include Standard Accounts, which are ideal for new traders, and ECN Accounts, which provide tighter spreads but come with commission fees. Additionally, FXTM provides a Cent Account, ideal for beginners who want to trade with smaller amounts.

Share Trading

Forextime offers excellent spreads in its commission-based account, making it one of the cheapest Forex brokers in the entire retail Forex industry worldwide. I like the regulatory framework at FXTM, ensuring traders have access to competitive trading conditions and superior protection. FXTM is a member of the Honk Kong-based Financial Commission, where the Compensation Fund protects traders up to €20,000 per claim.

ForexTime Account Types

You can view this information via several sources including podcasts, illustrated economic calendars, Twitter posts and videos. FXTM trading fees vary depending on account type and instrument. Therefore, traders should consider FXTM among the most-trusted brokers industry-wide.

One of the great perks is that you have full control here and only pay a fee on profitable trades to the strategy managers. As expected from such a major broker, there are numerous positive points to consider. The first of xcritical scammers these is the good range of account type choices you will find.

If you are a resident of Nigeria, you also have the option of the NGN. FXTM encourages traders to download both the MT4 and MT5 platforms, then use them in parallel before making their final decision. However, while the broker ensures that they won’t be deactivating MT4 soon, it will happen eventually. The sheer number of CFDs to trade on some of the highest leverage available makes FXTM a clear choice. FXTM, also known as ForexTime, is a legitimate brokerage with multiple industry awards and accolades.

Last updated: Outubro 8, 2024