While this limited availability is adequate for many traders, it can be a drawback for those who might need assistance outside of business hours. I was pleased to see that I can also contact you through social media platforms like Facebook, X, LinkedIn, and YouTube, and that every client is assigned an account manager. FXTM provides seven day customer support in English, Chinese, Spanish and Arabic, with limited weekend access through live chat, email contact form, WhatsApp, and Telegram. FXTM provides beneficial basics and intermediate resources, but adding advanced-level courses would appeal to experienced traders looking for deeper insights. FXTM’s detailed articles, introductory videos, and e-books on fundamental trading concepts and market analysis can benefit beginners.
With FXTM, you can trade CFDs on forex, indices, commodities, and stocks. FXTM strives to provide secure and efficient ways for clients to manage their funds, ensuring a seamless trading experience. The processing time for these methods is usually 2 hours, and there are no commission fees. Please note that trading in forex involves risk, and it’s important to understand the terms and conditions before you start trading. Once your account is set up and funded, you’re ready to start trading. For instance, in India, users can deposit and withdraw funds in INR with no commission and a processing time of 24 hours.
Safety, Security, and Fund Protection
FXTM’s customer support is available to assist you with your needs. They offer a variety of ways for clients and interested parties to get in touch with them. In conclusion, FXTM’s numerous awards and recognitions underscore their commitment to providing an exceptional customer service, education, and trading experience. FXTM always informs clients that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- The processing time is 1-2 business days for deposits and 48 hours for withdrawals.
- Advantage and Advantage Plus accounts offer flexibility with unlimited positions per order, although individual trades still max out at 100 lots.
- Complete the questionnaire, detailing further personal information, trading aims, and trading knowledge.
- If you’re a trader who likes to diversify your investments across a wide range of instruments, you might find FXTM’s offerings insufficient.
- Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.
- Swap fees for forex, metals, indices, and commodities vary.
Education and Research
This allows you to diversify your trading portfolio and take advantage of different market conditions. FXTM, also known as ForexTime, offers a wide range of trading instruments for its clients. The minimum deposit amount required to register an FXTM live trading account ranges from $10 USD to $500 USD. It’s worth noting that trading with FXTM involves fees from $0.4 USD, and the spreads start from 0.0 Pips. FXTM, a renowned online multi-asset broker, offers a competitive fee structure that caters to a wide range of trading strategies.
What is the maximum leverage available at FXTM?
FXTM stands out by providing fast trade execution, tight spreads, and access to powerful platforms. Both support automated trading and are suited for more experienced traders. With built-in trading tools, educational content, and smooth account management, it helps new traders build confidence from their mobile device. It’s simple to navigate, integrates real-time trading signals, and offers access to all major markets. FXTM caters to a variety of traders by offering accounts with distinct benefits.
Expert analysis
Although less comprehensive than IG or Interactive Brokers, FXTM offers a good range of well-written educational resources, supported by an in-house team of analysts to help traders stay better informed. Beginners can start with introductory guides to forex trading and CFDs, while more experienced traders can delve into advanced resources on specific trading styles like scalping. The broker’s daily market analysis is a significant advantage, offering updated insights on market trends, news, and events – a feature often not provided with such depth by other brokers I’ve traded with. It will help support all trading levels, from beginners to experienced traders.
MetaTrader 4
Importantly, FXTM always stores client funds in segregated accounts held with top-tier EU banks to ensure that the funds are always protected. As you review FXTM safety precautions, you will also notice that all accounts carry negative balance protection free of charge. FXTM also offers compensation via the Financial Commission’s Compensation Fund, and you’ll benefit from free negative balance protection no matter which account type you choose.
Traders can access hundreds of instruments on MetaTrader 4 or MetaTrader 5, benefiting from no commission fees despite slightly wider spreads. It delivers fast execution and access to various asset classes, making it well-suited for both novice and experienced traders seeking efficient trading conditions. FXTM provides diverse trading accounts designed to suit different trader preferences. This clear pricing structure benefits both beginners and experienced traders seeking affordable access to a wide range of markets. FXTM distinguishes itself with transparent, low-cost trading fees, featuring near-zero spreads and commission-free stock trading.
- Your trust means a lot to us, and we’re here to keep supporting your trading journey.Best regards,The FXTM Team
- Our FTXM reviewers were happy to find that the broker provides access to MT 4 on Mac, PC, and both iOS and Android mobile devices and tablets.
- Please note that trading involves risk and isn’t suitable for everyone.
- Overall, FXTM provides everything you need to get the most from your trades.
- The platform supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and offers mobile trading.
Non-trading fees
No, FXTM provides commission-free trading on US stocks such as Tesla and Apple. As a result, FXTM makes trading both affordable and transparent for its clients. Consequently, FXTM ensures transparent pricing that helps traders maximize profitability and overall value. Furthermore, the company prioritizes transparency and regulatory compliance, making it a reliable option for both beginners and seasoned traders.
One trader said, “I’ve been with ForexTime for a while… since a new strategy, I’m slowly climbing towards profits,” suggesting mixed but legitimate experiences. FXTM receives mixed feedback, praised for fast execution, tight spreads, and responsive service, but criticized at times for technical issues and slower dispute resolutions. FXTM provides award‑winning, multilingual customer support 24/5 via live chat, phone, and email. Clients are also assigned personal account managers to assist with queries, from account setup and strategy to technical issues.
Does FXTM offer a welcome bonus?
However, like any financial service, it has its drawbacks. However, it’s important to note that FXTM does have some drawbacks, including inactivity and withdrawal fees. They believe that knowledge is power and aim to equip their users with the skills needed to succeed in the market. They provide a wealth of free online resources, including videos, a glossary, daily market analysis, and guides for beginners. In addition to trading, FXTM places a strong emphasis on education.
It’s available on PC, Mac, mobile, and tablet, providing flexibility for traders to operate anytime and anywhere. MetaTrader 4 (MT4) is a well-established platform, complete with MQL4, Expert Advisors, and VPS trading. They also offer a demo account where you can practice trading with zero risk. Please note that trading involves risk and it’s important to understand the markets and instruments you are trading with.
It offers a maximum €20,000 protection but it is not a certain guarantee, and not all clients are eligible as not the entire client base is covered. Opening a FXTM Demo account is a straightforward process that allows you to practice trading in a risk-free environment. You’ve now opened a FXTM LIVE account and are ready to start trading. FXTM offers various deposit methods, so choose the one that’s most convenient for you.
By trading shares in the form of CFDs instead of directly, you can open a position in either a bear fxtm broker review or bull market. Our FXTM broker review appreciates the fact that FXTM offers indices from Australia, France, Germany, Hong Kong, Japan, the US, Spain, Europe, and the UK. You can trade these long or short and enjoy long trading hours.
Above all, we’re committed to creating a trusted, secure and reliable trading environment for all our clients. We provide them with a comprehensive service that optimizes opportunity, accessibility, and support for all their needs. I tried to withdraw my first deposit to see how fast my withdrawal are processed with this broker, they charged me 3% without any alert or notification and processed my withdrawal instantly. I only invested a small amount in fxtm to try out whether online trading was something for me. I experienced losses on trades due to their trade platform, which is not user-friendly. Some consumers also found the trading platform difficult to use, citing a confusing interface.See more