FXTM Review 2023

FXTM Broker Overview

Established in 2011, FXTM or Forextime is a preeminent Forex broker that offers exemplary customer service and cutting-edge trading technology. The company has a global presence with offices in two different countries, including Cyprus and Nigeria. Nevertheless, FXTM broker offers their brokerage service to both institutional and retail forex traders by offering a wide range of tradable assets. Moreover, the broker’s trading platform is user-friendly and is fully packed with numerous features, making it an excellent choice for traders of all experience levels. Let’s deep dive into a closer look of FXTM review.

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FXTM is a top-tier regulated forex broker, that is available 180+ countries. The FXTM broker was founded in 2011 by Andrey Dashin, who also created the Alpari Group. FXTM has since become one of the world’s leading brokers, offering its clients an extensive range of tradable assets and a variety of trading platforms.

FXTM is committed to providing its registered and potential clients with the best possible trading experience. The broker offer an extensive range of tradable assets, which includes metal, stock trading, CFD stocks, indices, FX indices & currency pairs, commodities, stock baskets, and contract specifications.

FXTM forex broker offers access to global markets through its extensive network of partner banks around the world. FXTM’s customers can trade currencies including USD, GBP, EURO, or JPY with a wide range of leverage options available on all trading platforms.

Further, FXTM forex broker also offers different account types to suit different needs, including micro, advantage, and advantage plus and FXTM ECN accounts. The company has received a number of awards, including ‘Best Forex Trading Experience 2021” from World Finance.

FXTM Broker Review 2023: Quick Summary

🏢 Headquarters	Cyprus
📆 Established	2011
🗺️ Regulation	FCA, CySEC, Financial Services Commission of the Republic of Mauritius
🖥 Platforms	MetaTrader 4, MetaTrader 5
📉 Instruments	Metal, Stock trading, CFD stocks, Indices, FX indices & currency pairs, commodities, stock baskets and contract specifications
💳 Minimum Deposit	$10
💰 Deposit Methods	Visa, Master Card, FasaPay, GPay, Skrill, Neteller, WebMoney, Bank Transfer and hundreds of others depending on location.
📱 Mobile Trading	Available
🌍 Web Trading	Available
💵Minimum Trade Size	0.01
🎢 Maximum Leverage	Up to 1: 1000
🌍 ECN	Available
🤖 Robots	Available
🎯 Scalping	Allowed
☎ Customer Support	24/7

FXTM Review: FXTM Regulations

Financial Conduct Authority (FCA) in the UK and Cyprus Securities and Exchange Commission (CySEC) regulates the FXTM broker. In addition to that, FXTM also has a license from the Financial Services Commission of the Republic of Mauritius.

As you can see the from the regulation that they are one of the top tier’s in the in the forex industry and regulated by them means your fund with FXTM stays in the safe hand. Moreover, the company also support negative balance protection. So, you don’t need to worry about your money or protection while depositing money with them. FCA is considered a global standard for financial regulation. The FCA oversee the bank activities, insurers and other financial firms. Hence, its ultimate goal is to ensure that the traders stay safe and protected from unfair or misleading practices.

Apart from FCA, FXTM forex broker also has the license from CySEC, which is one of the top regulations in Europe as they are a member of the European Securities and Markets Authority (ESMA). CySEC mainly regulates forex brokers, insurance companies, stock exchange, banks, and other financial institutions operating in Cyprus. The agency also regulates the activities of investment firms, brokerages, and fund management companies.

FXTM Review: Trading Instruments

When it comes to trading instruments, FXTM has variations in it to provide extraordinary service to the customers. The FXTM tradable assets include metal, stock trading, CFD stocks, indices, FX indices & currency pairs, commodities, stock baskets and contract specifications.

• Metal: The FXTM metal trading allows you to trade silver or gold against the US dollar as well as other major currencies. Further, you will get to have the opportunity to trade the gold with zero spreads.
• Stock Trading: Trading stocks with forex brokers have become highly popular in recent days, and FXTM is not different. You can trade stock from different brands from around the world with zero commission, while having real-time access to top US stocks.
• CFD Stocks: FXTM CFD stocks allow you to speculate on underlying asset prices. Using the FXTM MT5, you can initiate CFD stock trading with the FXTM spreads starting from 0.1, while the fixed commission is $4/lot.
• Indices: FXTM indices trading will get you access to some of the top indices from around the world. You will get access to GDAX (Dax 30), AUS200 (Australia 200), ND100m (US Tech 100 – Mini), UK100 (UK100), SP500m (US SPX 500 – Mini), and more.
• FX Indices & Currency Pairs: Using the FXTM currency pairs, you can take benefits of the increase or decrease in currency value. FXTM provides more than 50 currency pairs to their clients.
• Commodities: FXTM also offers commodity trading and allows you to access the world’s largest gas and oil market. For example, you trade UK Brent oil (spot), US crude oil (spot), and US natural gas (spot).
• Stock Baskets: It is a special feature from FXTM. You can trade the entire industry’s trend without opening multiple positions for each instrument. Hence, with FXTM’s customized indices, you can trade different industries. For example, the social media index for social media companies, the green index for eco-friendly companies, the mobile index for telecommunication companies, the space war index for aerospace companies, and the vegan index for the agricultural industries.

FXTM Review: Minimum Deposit and Withdrawals

FXTM forex broker offers its traders a choice of hundreds of deposit methods depending on the location. However, the common deposit methods are Visa, Master Card, FasaPay, GPay, Skrill, Neteller, WebMoney, and Bank Transfer. But, you can also deposit using your local payment methods and currency, depending on your location. FXTM is available in 180 countries in the world, and they provide different trading deposit and withdrawal methods for each country.

Although you can use different deposit methods depending on your country and location, the minimum deposit depends on the type of account you intend to open. For example, for the micro account, the FXTM minimum deposit is $10, while it is $500 for the advantage and advantage plus account.

When it comes to withdrawal, FXTM forex brokers offer numerous methods, but it depends on your country or location. But commonly, you can withdraw FXTM funds through Visa, Master Card, FasaPay, GPay, Skrill, Neteller, WebMoney, and Bank Transfer. In addition to that, there are hundreds of other local methods you can use.

While the deposit time is instant to 2 business days, the withdrawal process takes 24 hours for all types of methods.

FXTM Fees

The FXTM has several fee structures. Usually, the fee structure is spreads, commissions, and swaps. In addition to that, the broker may charge fees for withdrawals in some cases. However, the fees and spread depend on the account type you registered. The micro account spread starts from 1.5 with zero commission. The FXTM spreads for the advantage account is 0, while the commission is the average of $0.40 - $2 based on volume. On the other hand, the spread for Advantage Plus account is 1.5, which has zero commission.

FXTM Bonuses

FXTM offers referral and deposit bonuses for its clients. They provide a 30% deposit bonus on your deposit. However, this is not an unlimited amount. You can get up to a $200 bonus on your deposit, but bonuses might not be offered all the time. The company offers bonuses in different time frames. Therefore, you will need to keep an eye on their website. Sometimes, you may get a bonus on every deposit during a specific time period.

But, most of the time, they offer bonuses during Christmas and fall seasons.

In addition to the deposit bonus, you may also get a referral bonus when you refer someone to an FXTM forex broker. Once the person signs up with your referral link and makes the first deposit, you will get $50 as a bonus. Also, the person who opened an account with your link will also get a $50 bonus.

FXTM Trading Platform

Forex Time offer their trading service using FXTM MT4 and FXTM MT5 platform. Also, they have their own mobile app, FXTM Trader.

FXTM MT4

You can access the FXTM MT4 from any device with a stable internet connection. Whether you have Windows, Mac or Mobile, or even Tablet, they have access to all types of platforms.

Further, FXTM MT4 is available in more than 20 languages for both demo and live FXTM accounts. Hence, you can say that they are industry standards all over the world. You can use the platform to trade a variety of FXTM instruments, including forex, stocks, futures, and CFDs.

The best thing about FXTM MT4 is that you will get real-time quotes, a wide range of indicators and analytical tools, streaming news, and an economic calendar. With the help of these FXTM MT4 tools, you can surely make a profitable trade.

FXTM MetaTrader 5

With a user-friendly interface, FXTM MetaTrader 5 is a multi-asset trading platform that offers traders numerous features for forex, stocks, futures, and options trading. FXTM MT5 offer numerous benefits and features.

You get to see the real-time live charts and quotes along with different active indicators and analysis tools. Most importantly, you can trade with high execution speed. Further, it also provides the feature to trade execution from charts, and you can trade multiple assets simultaneously. The customizable interface gives you four order execution types, whereas MT4 provides 3 charts.

Other benefits you will get 38 technical indicators, 44 graphical objects, and 21-time frames.

FXTM Trader

FXTM Trader is a customized app, which is available for both Android and iOS devices, so you can trade wherever you are. It’s also been developed with security in mind, using state-of-the-art SSL encryption technology to keep your funds safe and secure.

FXTM trader mobile app is one of the advanced as well as user-friendly app available in the forex industry. It offers a great range of features, including live streaming prices, advanced charting tools, and the ability to open and manage trades on the go. You can also customize the app to suit your own trading style, choosing from a range of indicators and settings.

FXTM Account Types

FXTM offers three account types, Micro, Advantage, and Advantage Plus, to its traders and investors.

Micro Account

The Micro Account is one of the most popular FXTM account types, also known as FXTM cent account, and is recommended for beginners. The account offers low spreads, no commissions, and a leverage of up to 1:1000 for forex and 1:1500 for the metals. You can open the account for just $10.

The micro account is ideal for forex traders who are just starting out. It offers a low FXTM minimum deposit, tight spreads, and access to FXTM MT4.

Advantage Account

The FXTM Advantage account, also known as FXTM standard account, is the most popular choice. It gives you access to both MT4 and MT5 platforms. Unlike the Micro Account, it has a minimum deposit of $500, and you can use USD, EUR, GBP, and NGN as the base currency.

Additionally, you will get 1:2000 floating leverage for your trading activities. It offers a market execution process at an 80% margin call. The commission is an average of $0.40 - $2 based on volume.

Advantage Plus Account

FXTM’s Advantage Plus account offers traders a unique suite of features and benefits, including leverage of up to 1:2000, negative balance protection, and a dedicated account manager. These features make FXTM’s Advantage Plus account an excellent choice for advanced traders who are looking for a high-quality trading experience.

However, this account is almost similar to Advantage Account. You can place unlimited numbers of orders with an advantage plus account. In addition to that, you can keep as much as 300 pending orders.

Once registered, you can access the account through a customized login page named MyFXTM.

FXTM Broker Tools

FXTM offers numerous broker tools to its clients. These tools include an economic calendar, daily market analysis, pip calculator, profit calculator, forex VPS hosting, a currency converter, and more.

Economic Calendar

The economic calendar by FXTM forex gives traders a breakdown of all the important economic events that are due to take place in the coming week. This information can help traders plan their trading strategies around upcoming news events.

Daily Market Analysis

The market analysis provides traders with in-depth insights into the latest market trends. This information can help traders identify opportunities and risks in the market.

Pip Calculator

A pip is a unit of measurement which is used to show the change in the exchange rate between two currencies. However, the calculation for pips is a bit tricky and time-consuming. Hence, the FXTM pip calculator tool comes in handy, and the pip value will vary depending on the size of the position and the currency pair.

Profit Calculator

FXTM profit calculator tool is used to help traders determine how much profit they will make on a trade. The calculator consider the trade size, the current market conditions, and the user’s desired profit. By inputting these values, the calculator can then provide the trader with a projected profit amount. This information is beneficial to take trading decisions and assessing potential risk.

VPS Hosting

The VPS hosting is a unique service that allows traders to run their trading software on a remote server. Trading software can be very resource-intensive, and running it on a personal computer can often lead to slow performance or even crashes. FXTM VPS hosting allows traders to avoid these problems and trade in a stable environment.

Currency Converter

The currency converter allows traders to see how a particular currency is performing against other currencies. This information can help traders decide which currencies to trade.

If you are a beginner, this is a great opportunity to learn more about the market and plan your trading strategies around it.

FXTM Copy Trading Review

FXTM Copy Trading gives traders the ability to follow the trading strategies of successful traders without having to risk their own money. FXTM Copy Trading process is simple like a piece of cake. First, you need to select a trader that you would like to copy. You can filter the traders according to their country of origin, investment amount, and trading style. Once you picked the trader, you can observe the trader’s trading history and performance. Further, you can also view the trader’s profit over the months or years. And finally, if everything is okay, you can copy that trader.

FXTM Review: Research and Education

FXTM offers a unique Forex education feature that can be accessed through its website. The education platform includes a variety of resources that can be filtered by experience level, topic, and asset class. There is also a library of educational videos, articles, webinars, and podcasts.

The education section is well-organized and easy to use. The resources are comprehensive and cover a range of topics.

FXTM Review: Customer Support

The FXTM customer support is available 24/7, and you can reach them through phone, email, or live chat. Also, they have an excellent reputation. Hence, we would definitely recommend FXTM to anyone looking for a reliable forex broker with excellent customer service.

Final Words

So, if you are looking for a best forex broker with a variety of features, you can surely try FXTM or Forex Time. Additionally, FXTM broker offers their services with a highly personal touch. With cutting-edge trading technology, the company is among the trailblazers in this competitive field.

FXTM broker offers their services specifically built to suit the needs of the professional trader, and they’re committed to providing competitive trading opportunities as well as world-class customer service.

So, the FXTM review suggests you join the leading retail FX broker who’s committed to providing competitive trading opportunities as well as world-class customer service.