FXTM Reviews Read Customer Service Reviews of forextime com

FXTM works to offer some of the best copy trading services in the industry through their FXTM Invest platform. Here you can choose from hundreds of quality signal providers who are FXTM traders also known as strategy managers to copy. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker.

FXTM Customer Service and Support

• At the time of this review, FXTM maintains a refer-a-friend campaign.
• You can do so via live chat, phone, or email, and this service is available in an impressive 18 languages.
• Moreover, there are other numerous advantages with FXTM, like great global coverage with a good focus on the Africa region with FXTM Nigeria and Kenya trading opportunities.
• If you do not have enough money in your account to cover the fee, then the broker reserves the right to close your account.
• Also, Broker is known for its quality services among the trading community, as has been operated for many years, besides being available for UK Trading.
• My live tests from 8 April 2024 showed that swap fees at FXTM are average for the industry.

FXTM has a relatively diverse selection of markets and products for trading and investing. However, the lack of options for trading soft commodities may limit the interest of some traders. Suppose you submit a withdrawal request without having executed any trades. In that case, FXTM reserves the right to charge you an equivalent amount of any bank commissions and fees paid by them, or 3% of the total withdrawal amount. This is important to consider when planning your fund withdrawal operations. FXTM charges an inactivity fee if no trades are made on the account for 6 months.

FXTM Micro Account

FXTM is a CFDs broker, every asset listed on the platform is offered in CFDs with the exception of some real stock purchases which are also available. The broker offers more than 250 assets in total in the following areas. Real stock trading is available with FXTM in a feature not often available with many brokers. This means you would have actual ownership of the underlying asset not like fxtm broker reviews CFDs trading. This ownership would allow you to earn dividends and with very low commissions.

• Most online payment processors will credit accounts instantly after FXTM has completed the withdrawal.
• FXTM’s videos cover a range of topics, with many of them focused on beginners.
• With its intuitive interface, fast execution speeds, and reliable performance, the desktop version of MT4 gives traders full control over their trading activities.
• Between 74-89% of retail investor accounts lose money when trading CFDs.
• Traders may also face third-party processing costs and currency conversion fees.

The customer support team at FXTM is responsive and knowledgeable. They are always ready to assist with any questions or concerns I may have. I appreciate FXTM’s commitment to transparency in pricing and fees. Yes, all educational resources provided by FXTM are available for free. FXTM offers webinars, video tutorials, and in-depth articles as part of its educational suite.

As a result, all money withdrawn from your account must go to a bank account in the same name as your FXTM trading account. After creating your live account within a few minutes, you will be required to wait for about 24 hours to verify your live account. Upon verifying your account, you will have to fund it using any available payment methods before you can start trading. FXTM offers a robust suite of trading tools that have improved my analytical skills. FXTM’s fast execution speeds ensure that I never miss a trading opportunity. The advanced charting tools available on FXTM’s platform enhance my technical analysis capabilities.

The choice between MT4 and MT5 allows traders to find the optimal balance between simplicity and functionality, depending on their needs and experience. Funds are credited to the account instantly, a significant advantage for traders wishing to respond quickly to market conditions. However, it is necessary to consider the working hours for processing transfers and possible fees for withdrawing funds without trading.

Withdrawal Options at FXTM

In fact, we find FXTM Education section is one of the best we have seen in the industry, and the quality is just great. Available on both MT4 and MT5 platforms, the account offers FX, Metals, Commodities, Indices, Cryptocurrencies, and Stock CFDs (only MT5) trading. The account is good for traders who look at trading conditions with fees built into commission, the offering is $3.5 per lot traded on FX from 0.0 spreads. Cyprus-based ForexTime Limited, commonly referred to as FXTM, is one of the world’s most popular forex and contracts for difference (CFD) brokers.

What is FXTM leverage?

Silver can be traded against the EUR or USD, while gold can be traded against the EUR, GBP, or USD. This range of base currencies helps FXTM appeal to global traders. FXTM offers fifth-decimal pip pricing for forex, two for shares, and spot metals vary between two and three. Importantly, FXTM always stores client funds in segregated accounts held with top-tier EU banks to ensure that the funds are always protected. The broker additionally takes all necessary precautions to keep personal client information and other details safe. FFXTM withdrawal options include bank transfers, e-wallets, and cards.

Account Types and Benefits

To get a stronger idea of FXTM’s reputation, consider that the broker has received over 90% positive feedback from its traders. In addition to positive FXTM forex broker reviews, the broker has earned 30 awards throughout its history including Best Trading Experience at the 2020 World Finance Forex Awards. I highly recommend the commission-based option as trading costs remain among the best industry-wide, while the commission-based account charges relatively expensive fees. FXTM claims an average execution speed of approximately 71 milliseconds, setting a high bar for traders needing quick trade execution. However, while real-world execution might occasionally be slower, it remains within an efficient range for market orders.

Islamic Account

Transparent pricing and a variety of payment options provide flexibility, ensuring that FXTM is an attractive option for both beginners and professionals. FXTM offers three account types, each with a minimum deposit of $200. Firstly, the Advantage Stocks account features spreads from 6 cents and zero commissions on stock trades. The Advantage account has spreads from 0.0 pips with varying commissions, while the Advantage Plus account offers spreads starting at 1.5 pips with zero commissions. Our FXTM broker review team strongly encourages you to take advantage of the broker’s demo account before trading with real money, especially if you are new to forex and CFD trading.

That’s because ForexTime FXT is registered in countries with strict deposit protection schemes and has built up a solid reputation since opening for business in 2011. Most withdrawal methods, including bank transfers, credit/debit cards, and e-wallets, are processed within 24 hours on business days. He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018. Yes, FXTM allows hedging, enabling traders to open multiple positions on the same instrument in opposite directions. Yes, FXTM is suitable for auto-trading and supports platforms like MetaTrader 4 and MetaTrader 5, which are compatible with automated trading systems. Yes, FXTM is suitable for scalping, as it allows for fast order execution and tight spreads.

Commission charges typically range from $3.5 to $35 per round lot, depending on the specific account and asset being traded. The account supports advanced trading strategies, such as scalping and hedging, with high execution speeds that appeal to active and high-frequency traders. Additionally, the account is available on MT4 and MT5 for PC, iOS, Android, and Windows Mobile devices. The account variety is impressive, allowing any trader to choose the most suitable option, either with flexible or floating leverage.