FXTM: A Resourceful and Reliable Broker for All Traders

Online dealing is a fast-paced and complicated business. FXTM (ForexTime) stands out as a major player, providing a wide range of services specifically designed for users around the world. Since it opened in 2011, FXTM has made a name for itself in the financial markets by offering great customer service, cutting-edge trade tools, and an easy-to-use interface.

This FXTM review tries to explain how committed company is to making a strong trading tool that works for both new and experienced traders. Focusing on new ideas and making customers happy, FXTM has grown to provide a wide range of trade tools, such as forex pairs, commodities, CFDs, and stocks. As we look at FXTM’s features and services, we want to give you a full picture of why it is the best choice for traders who want trustworthiness, variety, and market knowledge.

FXTM: Overview

Established: 2011
Headquarters: Cyprus
Trading Platforms: MetaTrader 4, MetaTrader 5
Mobile Trading: Yes
Minimum Deposit: $50
Account Types: Micro, Advantage, Advantage Plus

Since its start in 2011, FXTM has quickly spread around the world, becoming a well-known and respected name in online dealing. FXTM is committed to providing cutting-edge technology, which can be seen in its advanced trade systems and tools.

FXTM offers a wide range of services, including access to forex, stocks, commodities, and share CFDs markets. This makes it a central location for all kinds of dealing.

FXTM’s attention to teaching and customer service makes it stand out. The site provides a variety of learning tools, such as workshops, e-books, and papers, to help its users become better traders. Along with great customer service, this training helps make sure that players of all levels are ready to handle the complicated financial markets.

FXTM is also known for being honest and putting the needs of its clients first. It is honest and trustworthy, as shown by the fact that it gives clear information on prices, fees, and the risks of dealing.

Regulation and Registration

Exinity Limited, operating under FXTM, is authorized by the Financial Services Commission (FSC) of Mauritius, holding the Investment Dealer License number C113012295. The FSC’s primary objective is to establish Mauritius as a respected financial jurisdiction, balancing regulatory integrity with business growth.

Exinity Limited’s licensure, a Full Service Dealer License excluding Underwriting, complies with Section 29 of the Securities Act 2005, Rule 4 of the Securities (Licensing) Rules 2007, and the Financial Services (Consolidated Licensing and Fees) Rules 2008. This license enables Exinity Limited to provide trading in Forex and CFD products, along with other financial instruments and securities.

Account Types of FXTM

1. Micro Trading Account

• Minimum Deposit: $/€/£ 10, ₦10,000
• Spreads: From 1.53
• Commissions: Zero
• Trading Instruments: FX, Metals, Commodities

2. Advantage Trading Account

• Minimum Deposit: $/€/£ 500, ₦80,000
• Spreads: From 0.0
• Commissions: Average of $0.4-$2 based on volume; For Cryptocurrencies: Average of $30-$150 based on volume
• Trading Instruments: FX, Metals, Commodities, Indices, Stock CFDs (only MT5), Stocks (only MT5), Cryptocurrencies

3. Advantage Plus Trading Account

• Minimum Deposit: $/€/£ 500, ₦80,000
• Spreads: From 1.5
• Commissions: Zero
• Trading Instruments: FX, Metals, Commodities, Indices, Stock CFDs (only MT5), Stocks (only MT5), Cryptocurrencies

Deposit and Withdrawal

FXTM processes deposits instantly unless additional verification is required. Deposits must come from accounts in the registered name, and the details provided on the payment provider’s website should match those on the MyFXTM deposit page. The minimum deposit amount is $/€/£ 10 or ₦10,000. Transactions in different currencies from the account’s currency are automatically converted at FXTM’s rate. Deposits are credited promptly unless verification issues arise. Popular channels for deposit and withdrawal include credit/debit cards, bank wire transfers, and various online payment systems.

For withdrawals, the original source of funds must be used for withdrawing the initial deposit, while profits can be withdrawn using any available payment method. Ensure you have enough free margin in your account to cover your withdrawal. If your trading account and withdrawal are in different currencies, the transaction will be subject to conversion, and charges may apply according to MyFXTM’s Conversion Rates table. Withdrawal fees are deducted from the withdrawn amount.

Products in FXTM

• Forex
• Metals
• Stocks
• Stock CFDs
• Trade CFDs
• Commodities
• Indices
• Cryptocurrencies

Trading Platform of FXTM

• MetaTrader 4 
• MetaTrader 5

Fees of FXTM

FXTM charges minimal trading fees, offering low to zero spreads on FX pairs and Gold/Dollar trades in their Advantage account. They have low or no commission fees, particularly in Micro and Advantage Plus accounts, while the Advantage account has competitive commissions ranging from $0.40 to $2 per $100K notional value. Swaps, the interest for overnight trades, vary by instrument and position type and are kept as low as possible.

FXTM Promotions

Unfortunately, FXTM does not offer a sign-up or welcome bonus.

Customer Support

• Email: [email protected]
• Live Chat: GMT+2/GMT+3
  Monday to Friday, 24 hours
  Saturday, 11:00 – 16:00
  Sunday, 12:00 – 20:00

• Phone: +44 203 734 10 25

Pros & Cons

Pros Explained

• Diverse trading instruments: FXTM offers a wide range of trading options including forex, CFDs, and commodities.
• Regulatory compliance: Regulated by several reputable authorities, providing a secure trading environment.
• Multiple account types: Catering to different trader needs with various account options.
• Educational resources: Extensive educational materials for traders of all levels.
• Advanced trading platforms: Access to MetaTrader 4 and MetaTrader 5, popular for their advanced features.

Cons Explained

• Limited geographic availability: FXTM’s services are not available in some countries, including the USA.
• Fees and spreads: Depending on the account type, spreads and fees may be higher compared to some competitors.
• Inactivity fee: Dormant accounts charge a fee, which might be a drawback for infrequent traders.

Is FXTM Worth Considering?

When determining if FXTM is the right trading platform, it’s important to weigh its features against individual trading needs and preferences. FXTM stands out for its comprehensive range of trading instruments, robust regulatory compliance, diverse account options, extensive educational resources, and access to advanced trading platforms. These features make it a strong candidate for both novice and experienced traders seeking a reliable and versatile trading environment.

However, potential drawbacks such as its limited availability in certain regions, variable fees and spreads, and the inactivity fee should also be considered. The suitability of FXTM largely depends on the trader’s specific requirements, such as the type of instruments they wish to trade, the importance of educational resources, and their geographical location.

FAQs

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