FXTM review Is ForexTime a good Broker for trading and investing?

Out of all the accounts FXTM offer, this would most likely be the preferred choice for professional traders, institutional traders and hedge fund managers. The professional account does require a minimum account balance of $25,000 is maintained to qualify. There are 3 standard account types and 3 Electronic Communication Network (ECN) account types.

FXTM Trading Signals are available in MyFXTM via a technical analysis tool that provides data and assessments of market movements across a range of trading instruments. If you are new to trading and looking for some inspiration, these signals can give you a foundation to work from. However, I wouldn’t take blindly without doing my own additional market analysis for confirmation.

Account

The availability of deposit methods other than bank and credit cards is different based on whether the client is from the EU, the UK, or is non-EU. If you want to open a corporate account, you have to send an email to FXTM. We’re sorry to hear about your experience and we always do our best to improve our processes so our clients enjoy a trouble-free experience with FXTM. We have shared your feedback with our specialists and if you require further assistance, please do get on Live Chat with us. We understand your frustration but please be assured that we are doing our best to investigate this and resolve this matter ASAP. As per check, the funds were already successfully processed and sent from our side and we are doing everything needful to investigate the reason for this delay in you receiving the funds.

Furthermore, FXTM traders can use their risk management configurations. MT5 on FXTM provides the convenience of using automated trading systems and copy trading, giving FXTM traders competitive research tools in the financial markets. This tool is ideal for traders https://traderoom.info/the-concept-of-pivot-points-strategies/ who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal. It’s recommended that you check the FXTM website before signing up.

Best Forex Brokers with $5 USD Minimum Deposit

The broker operates in more than 150 countries and serves more than 4 million clients. The company offers access to various financial instruments including FX pairs, commodities, metals, stocks, stock CFDs, indices, and stock baskets. The EU market is considered one of the most strictly regulated ones, when it comes to forex and CFD trading. The standard FXTM account is a popular choice among many traders with the broker and is available to traders under CySEC regulation. It offers instant executions via the MT4 trading platform and a truly competitive minimum deposit. Traders are also given various choices for payment methods, including Credit Cards (Visa, Mastercard, Maestro) and E-Wallet (Neteller, Skrill, Western Union).

If you are a non-EU client, you can also trade commission free with real stocks from the NYSE and NASDAQ stock exchanges. To have a clear overview of FXTM, let’s start with the trading fees. What you need to keep an eye on are trading fees and non-trading fees. We ranked FXTM’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. FXTM is a pretty professional company, if I´ve to stand out something about them it would be their customer support.

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Traders can also trade silver and gold with the FXTM platform, including XAGEUR, XAGUSD, XAUEUR, XAUGBP, and XAUUSD. Traders who exchange metals at FXTM can access price charts and use short-term and long-term charts to determine price movements. After placing a trade, traders can choose to go for short-term volatility or a long-term buy/sell position. On the plus side, customer support gives fast and relevant answers.

The ForexTime Limited entity is also licensed by Financial Sector Conduct Authority (FSCA) of South Africa. You can easily see your profit-loss balance and the commissions you paid. You will not find very sophisticated orders like the ‘one cancels the other’ order.

What we like about FXTM

FXTM’s customer support is also responsive and helpful, while their educational resources can be useful for both novice and experienced traders. Overall, I am very impressed with FXTM and what they have to offer traders from all backgrounds. They have strict regulation in multiple jurisdictions and offer a wide range of over 250+ trading instruments across multiple markets and intuitive platforms for desktop, web and mobile devices. The broker puts great emphasis on education whilst offering a flexible selection of trading accounts and convenient funding methods to suit different types of traders. Furthermore, I found them to have very competitive trading conditions including tight spreads, low commission fees and rapid trade execution speeds. I like that you can get access to plenty of tools to enhance your overall trading experience and excellent customer support.