FXTM Review, Forex Broker&Trading Markets, Legit or a Scam

Margins are tiered, as has recently become the industry standard. FXTM offers a well-regulated platform and an excellent overall quality of services. The spreads on standard accounts are more expensive, but there is no commission fee; the spreads on ECN accounts are more affordable, but there is a commission fee. The minimum deposit for FXTM is variable depending on the type of the account. We’d like to point out that we do not have any issues with withdrawals. We kindly ask you to send your FXTM ID and the withdrawal request to We will be glad to investigate your case and provide you with a detailed explanation on the situation.

In case you want to open an account on the FXTM website, you can choose between seven account types. For account holders who maintain balances of £250,000 or equivalent or greater, you become eligible to receive institution-level spreads. Lot sizes include micro to mini to standard, with a range of 0.01 to 250 lots per trade.

A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated. Now 75% of the account balance is my principal, but it said that I need to pay 50% of the account balance as personal income tax to resume the withdrawal business.

I always recommend that traders check them before evaluating the total trading costs. FXTM offers traders a commission-free and commission-based Forex account. 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. Rising demand for Forex, trading and investments itself, however, attracts numerous… All necessary and useful tools are also included into the package, from risk management to analysis, as well as a unique developed trading tool like – Pivot points strategy and trading signals.

Is ForexTime a good broker?

FXTM holds the continual offering of excellent trading conditions at the heart of its… What is more, Forex Contest is established by FXTM competition held regularly and is one of the ways to test strategy, polish skills and grow confidence. A truly challenging experience available in both Demo and Live accounts hence is an ideal for both experienced and “fresh” traders, which is definitely another Pro point for FXTM. For recently available contests check the official FXTM website.

Withdrawals by means of certain methods may be processed within a day of two but depending on bank services it may take several days for the money to be available. Using a higher than necessary leverage can work against a trader as well as for him. It is always possible that you could sustain a loss point of control trading of some or all of your initial investment. Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. Whether you’re looking to trade in FXTM crypto, or you’re hoping to avoid any potential FXTM scams, we’ve got all the info you need to know.

Professional Accounts

We kindly ask you to send us the Trading account number and Order Number to We’ll look into your case and provide you with a detailed response in the shortest time possible. If anything is wrong we will look to compensate you for the losses. First I place a buy trade order but they rather sold it. Secondly the four hour candle traded on did not appear or was not active on the chart. Thirdly there was manipulation on price, other brokers open with gap prior to news release yesterday but fxtm did not. Lastly fxtm stoped me out of trade without my concernt and with my active margin.

Powerful platforms to suit all trading styles and needs on any device. FXTM has developed its mobile trading platform, the FXTM Trader app. We found it easy to search for and monitor our assets and trades. British traders will be disappointed that FXTM only allows trading accounts to be denominated in EUR, USD, and GBP. In our review of FXTM, we found that it offers a disappointing range of financial assets compared to other similar brokers. This holds true for its stock CFDs and commodities on offer.

I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. FXTM presents clients with four well-regulated entities. In the beginning i was sceptic, as i was scammed a lot.

FXTM review Mobile trading platform

Top-tier regulatory oversight means a safer trading experience for all. Their trading and technical assistance includes studying trading mistakes in order to improve your technique and avoid similar mistakes in the future. Additionally, the staff ensures that any problem you may face with any product is explained and handled with in a timely manner. ForexTime guarantees that it will acknowledge the unique requirements of each of its customers and that it will respond to those requirements in the most effective manner.

Is FXTM legit features all the key aspects you need to look at to see if a broker is safe and legit. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. Yes, it is regulated by theFinancial Conduct Authority ,Cyprus Securities and Exchange Commission , and theFinancial Services Commission of the Republic of Mauritius. The ForexTime Limited entity is also licensed byFinancial Sector Conduct Authority of South Africa. The quality of educational texts and videos are superb as well. FXTM has a good live chat.We got clear answers even for more difficult questions, like how financing costs are calculated.

You as a trader should always ask the right question while selecting a reliable Forex broker. When it comes to trading costs with this account, spreads start at just 0.1 pips, with an additional $2 commission per lot. Also remember that using MT4 you can also take advantage of FXTM Invest. Commissions on this account start at just 0.1 pips on stocks, making it a great stock trading account when compared to other major brokers.

Trading Instruments

You get your own dedicated page to use to match with investors and can manage multiple accounts at one time. You can choose to open an ECN or ECN Zero account to get started. This website includes information about cryptocurrencies, contracts for difference and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.

FXTM has offices in Europe, Africa, Asia, and Latin America and has served 4 million clients across 180 countries, according to the company website. Equity CFD trading is commission-free as Forextime joined the group of brokers catering to millennial and GenZ traders favoring no commissions. I want to stress once again that commission-free does not necessarily equal cheaper trading costs. Spreads are generally higher, often twice as high, than commission-based offers, and FXTM is no exception. Exinity Group has announced that it has obtained a license from Kenya’s Capital Markets Authority to operate as a regulated non-dealing forex broker. The Group joins just three other brokers who are regulated to offer trading services including forex to retail clients in Kenya.

Weekly forecasts help orient traders for coming sessions, and ‘trade of the week’ articles highlight specific instruments in play. Traders can follow the latest news and reports via the FXTM Twitter account, which is quite active. Established in 2011, FXTM is a global forex and CFD broker headquartered in Limassol, Cyprus. FXTM offers trading in forex and CFDs on commodities and indices via the MetaTrader platform and the FXTM Trader App. FXTM is regulated in multiple jurisdictions, and all client funds are segregated from the firm’s assets and held in top-tier banks.

How do you withdraw money from FXTM?

Content covers fundamental and technical analysis and is mainly focused on the forex market. Prospective clients must verify their identity by uploading a copy of their passport, national ID card, or driving licence. In addition, they must provide proof of residence using a bank statement, utility bill, tenancy contract, or residence certificate. Copy-trading and automated trading are also only available on the MT4 desktop platform.

FXTM aims to make CFD trading as easy as possible, thanks to a wealth of resources designed to help you make appropriate trading decisions. The site offers a number of options, including share CFDs, commodity CFDs and index CFDs, with in-depth beginner’s guides to help guide you through the process. The site is binance legit also offers helpful videos and analytical reports to help you discover which markets you should be trading in. With over 25 currency pairs available, and a seemingly endless resource centre to help you develop trading strategies, FXTM is a broker worth considering if you’re interested in forex trading.

These include many recordings relating to trading strategies. Five ebooks are available to clients, covering cryptocurrencies, Japanese Candlestick strategies, the habits of successful traders, and Elliott Wave Theory. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. In order to achieve your trading goals, you need to choose the right account.

The platform is packed with a full range of features to cater to each and every investment preference imaginable. CTrader is a leading multi-asset Forex and CFD trading platform, offering rich… We found the education section at FXTM is large, well-structured, in-depth, and more useful for beginners than the material available pacific financial derivatives review at other brokers. FXTM also provides traders with a free demo account to practice trading risk-free. FXTM has a wide variety of deposit and withdrawal methods for British traders, but we were disappointed that its charges high withdrawal fees. The FXTM Pro account is the third type of ECN account offered by the broker.

On our Advantage and Advantage Plus accounts, orders are executed at the current market quotes, each separately taken position is automatically brought to the external market. There can be no conflict of interest between the Company and the Client since the Client’s financial result does not in any way affect the Company’s profit. Cyprus-based ForexTime Limited, commonly referred to as FXTM, is one of the world’s most popular forex and contracts for difference brokers. Since 2011, FXTM has provided traders with a wide range of trading instruments and educational resources, as well as fund protection, free demo accounts and account managers.

As for the trading costs, FXTM charges a mix of commissions and spreads on the trades that are executed on FXTM’s trading platforms. For the commission trading, FXTM charges $2 per lot for ECN trading. As for the spreads offered by FXTM, they are extremely competitive and can goes as low as 0.1 pip depending on the type of trading account used by the trader. By valuing the time of its clients, business partners, and team of dedicated professionals, FXTM ensures that its trading and investment products and services are efficient, effective, and reliable.