FXTM Reviews Read Customer Service Reviews of forextime com

For telephone support, you can get localized help with agents in China, France, Italy, Poland, South Korea, Spain, United Kingdom and more. Also for those whom English is not the primary language, they can also access the FXTM website in many different languages. FXTM traders get access to a wide range of trading products including 59 currency pairs, precious metals including gold, silver, and platinum, and energy products including Brent crude oil and Natural Gas.

FXTM Trading Hours (GMT+

As per regulatory requirements, all client funds are held in segregated accounts at established European banks. In addition, as a CySec regulated broker, FXTM is a member of the Investors Compensation Fund for clients of Cyprus Investment Firms (CIF). The ICF’s purpose is to guarantee claims of covered clients in cases where the CIF, such as FXTM is not able to perform due to financial circumstances. In terms of the funding methods, FXTM made it quite a simple and straightforward process with a truly wide range of funding options that will assist you to find a suitable money transfer provider.

  1. Fear factor is a function of your inexperience and dependent on other people’s judgement.
  2. In the end, the decision to open an account with FXCM or FXTM comes down to your personal preference and trading needs.
  3. A huge selection of educational resources and 24/5 customer support help traders make the most informed decisions.
  4. Plus, FXCM allows deposits made in five different major currencies (EUR, USD, GBP, AUD, CHF), while FXTM supports seven different base account currencies, including USD, EUR, GBP, PLN, CZK, INR and NGN.
  5. The Company does not interfere with Clients’ trading activity, nor does it manipulate the prices received from its Liquidity Provider.
  6. You’ll need to add personal and tax information to your profile, upload photos of some ID and, finally, make a deposit.

fxtm is a great company that offers…

I always recommend that traders check them before evaluating the total trading costs. There’s a lot to offer here for casual and first-time traders thanks to a large backlog of trading guides and a fully-featured mobile app that lets you modify your positions on the go. The ForexTime FXTM platform remains one of the best forex trading apps available today. Users who are able to meet the deposit minimums required to open an ECN account will receive highly competitive rates and avoid any limits on order volume. FXTM’s three non-ECN accounts are the Standard, Cent, and Shares accounts.

Advantage Account

The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. Whilst both of the platforms have a very similar look and feel, MT5 has more functionality. The MT5 platform supports many more features than MT4 with more charts, more order types, more indicators and an integrated economic calendar.

EBooks – FXTM offer five downloadable eBooks covering traders’ habits, crypto currency is, Elliot Wave theory, and two on Japanese candlesticks. For the ECN account the minimum is a far more competitive 0.1 pips with typical 0.3 pips, but there is also a $2 per lot commission to factor in as well. They offer 63 forex currency pairs, but only 8 commodities pairs, which actually number only two precious metals versus different currencies, Brent and Crude Oil plus Natural Gas. I find this reasonable and acceptable, and active traders will never face this cost.

At FXTM, we understand that managing your financial transactions should be hassle-free, allowing you to focus more on market opportunities and your trading strategies. To this end, we’ve streamlined our deposit and withdrawal processes to be straightforward and efficient. FXTM’s expansive network extends across continents, with offices and regulatory compliance in Europe, Africa, Asia, and Latin America. This global reach has https://traderoom.info/ resonated with traders worldwide, as evidenced by our growing base of over 4 million clients in 180 countries. In addition, customers can get the FXTM Virtual MasterCard which enables them to transfer funds directly onto the card right away without any fees. An added benefit of using MT4 Expert Advisors is that FXTM provides free VPS ( Virtual Private Server ) hosting services for clients using automated trading strategies.

Yes, FXTM offers a demo trading account, a standard feature now offered by established brokers. Users can access unlimited virtual funds with flexible leverage in a simulated environment. FXTM is better for beginner traders because of its diverse account types and superior educational resources. Overall, both forex brokers are well prepared to serve and assist clients with their needs via a professional customer support service.

Traders in the FXTM Pro Account have no restrictions on trading strategies, can use the MT4/MT5 trading platforms, while the minimum transaction size remains 0.01 lots. 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.

Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. The FXTM standard account offers a wide range of features and benefits to all levels of traders. The minimum deposit requirement is $100 with a 30-lot maximum volume per trade.

Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.

Apart from the welcome offer, traders can also indulge in the Double Loyalty Cashback promotion. This will see you receiving cashback in cash rebates as opposed to virtual credit or reward points. The site also offers a risk-free trading environment with their FXTM Titans demo trading contest.

I find it well-structured and an excellent starting point for new traders. I also recommend first-time traders seek third-party education covering trading psychology while avoiding paid-for courses. Forextime offers excellent spreads in its commission-based account, making it one of the cheapest Forex brokers in the entire retail Forex industry worldwide.

With increased technical complexity, MetaTrader 5 surpasses its predecessor in capabilities. FXTM users who utilize MT5 gain access to additional periods, indicators, and advanced charting tools ideal for conducting comprehensive market research. Therefore, it is a valuable instructional tool fxtm broker reviews that assists novices entering these markets in gaining the practical experience needed before confidently venturing into full-scale trading activities. FXTM ensures the safety of client funds by segregating them from operational money and placing them in leading financial institutions.

As we were navigating the brokers’ websites, it immediately became clear that both FXCM and FXTM had particularly invested resources in their Forex trading education sections, offering diverse content to clients. The brokerage will offer discounts on spreads for active traders who meet its minimum notional volume requirement of USD 150 million per month. Forex traders will receive different tier rebates depending on their trade volume.

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