FXTM Reviews Read Customer Service Reviews of forextime com

We’re regulated in every country where we operate, our clients’ funds are fully segregated and we’re completely transparent about our trading contracts, spreads, fees and commissions. We provide them with a comprehensive service that optimizes opportunity, accessibility, and support for all their needs. The resources that FXTM has put into both education and analysis exceeds anyone else in the entire industry. Headed by FXTM’s head of education, Andreas Thalassinos, the broker’s webinars cover a wide range of education and analysis topics to help traders make money in the markets. Cent Account The Cent Account is designed to give new traders a taste of the psychology required to succeed. Used primarily for testing purposes under live conditions, they have an amazingly low minimum deposit level.

How much does FXTM charge per trade?

• Traders can also communicate through the embedded MQL5 community chat to feel more empowered and confident.
• The MetaTrader Apps allow traders to monitor market conditions, execute trades, and analyze charts while staying connected to the markets from anywhere.
• For Advantage Plus and Advantage Stocks accounts, FXTM provides commission-free trading with spreads starting around 1.5 pips on Currency trading, and from 6 cents on Stock account.
• We learned that the broker provides tight spreads from 0.1 pips, low deposit requirements, and good educational materials.

FXTM allows traders to expand their forex trading knowledge thanks to a plethora of educational content. The market analysis and education sections of their website are some of the most in-depth that we’ve come across. Trading on an ECN account fxtm forex broker review ensures that you get the absolute best price in the market at any given time.

Traders can access hundreds of instruments on MetaTrader 4 or MetaTrader 5, benefiting from no commission fees despite slightly wider spreads. FXTM is a reliable and well-regulated Forex broker that provides access to a diverse range of trading assets and user-friendly platforms. They offer a 30-day demo account for risk-free exploration of their platform and boast an impressive trust score of 92 out of 99.

The three-member research team at Forextime provides market commentary and analysis in written format, short YouTube videos,and ebooks for beginners and experts alike and podcasts. FXTM also maintains its FXTM Trading Signals service for traders seeking actionable research. 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. One of the most exciting aspects of FXTM’s range of CFDs to trade is the fact that traders no longer have to change platforms to trade stocks CFDs. Simply trade all asset classes under a single account on the one trading platform. The FXTM Standard Account is a no-frills option for new traders who want to start trading forex without worrying about extra commissions or fees.

Trading Conditions

The desktop MT4 platform is a comprehensive solution designed for traders who require a highly customizable environment. As one of the most widely used platforms in the Currency industry, MT4 offers powerful charting capabilities, 30+ technical indicators, and multiple timeframes for in-depth market analysis. However, one of the drawbacks of FXTM’s fee structure is the presence of withdrawal fees, which vary depending on the payment method. While some withdrawal options have relatively low fees, others may incur higher charges, which can add up for traders who frequently withdraw funds. The broker also charges a $3 transaction fee for any deposit or withdrawal less than $30 or equivalent. Concluding the FXTM review, we admit that FXTM gives quality financial potential for both beginners and experienced traders or investors and FXTM is one of the leaders in the financial market.

Customer Support

However, traders are advised to check the availability of these payment methods based on their location and regulatory standards to ensure that the chosen method is accessible. FXTM offers a quality range of tradable assets, allowing traders to seamlessly access and trade both traditional financial instruments and digital currencies. Overall, the selection of Products is considered good with popular and some extra instruments available in the offering, it is great too you can access Stock Trading based on CFDs via a separate account. The inclusion of cryptocurrencies in FXTM’s offerings such as Bitcoin, Ethereum, and Ripple allows traders to diversify their portfolios and take advantage of the growing popularity of digital currencies. Meanwhile, the MetaTrader apps are more feature-rich, providing advanced charting tools, customizable technical indicators, and automated trading capabilities through Expert Advisors.

Reassuringly, all client funds are held in segregated accounts away from the company’s funds in case of solvency. Negative balance protection also guarantees that you cannot lose more than your account balance, even if the market unexpectedly makes a massive move. For the Cons, there is a withdrawal fee, and Stock spreads are rather higher, also conditions vary for each entity.

Featuring detailed charting, low spreads, and complete account control, FXTM enables efficient trading anytime, anywhere. The broker provides traders with a MT4 and MT5 demo account, which they can use to practice their trading strategies before implementing them on the live trading accounts. The demo account often comes preloaded with virtual funds for practice purposes. You can choose how much to deposit into your demo trading account, up to a maximum of $1 million. It also offers improved functionalities for algorithmic trading capabilities.

Spot Metals swap fees are charged or credited like forex, depending on whether the position is long or short. Another warned about cent-accounts where “10 USD shows as 1000 USD” – a potential psychological trap that can mislead beginners into risking more than they intended. Fund segregation means that FXTM keeps your trading funds in completely separate accounts from the company’s operational finances. This ensures that your money is never used for internal purposes or other investments, providing an extra layer of protection and transparency. FXTM takes fund protection seriously, combining strict regulatory compliance, advanced encryption, and top-tier fund segregation.

The availability of dedicated customer support and helpful tools, such as financial calculators and signals, further makes FXTM an accessible choice for those new to trading. FXTM complies with four regulators, is a member of the Hong Kong-based Financial Commission, publishes audited performance reports, and has a clean operational record spanning fourteen years. Therefore, traders should consider FXTM among the most-trusted brokers industry-wide. FXTM processes most withdrawals within 24 hours, but it may take up to five business days for clients to receive their funds, dependent on the payment processor.

• Big Four accountancy PricewaterhouseCoopers Limited (PwC) audits published statistics per International Standard on Assurance Engagements (ISAE) 3000.
• The FXTM Trader is available as a mobile app that is designed for mobile smartphone devices running on Android and iOS.
• Payment from joint bank accounts or credit cards is accepted if the trading account holder is one of the beneficiaries.
• With a wide selection of account types, competitive spreads, flexible leverage options and access to numerous trading instruments, FXTM provides the tools necessary for successful trading in 2025.
• To compensate for no commissions, you’ll notice that your spreads are slightly wider, but still under the level of Standard Accounts.

Based on these reviews

The account is not ‘standard’ as such, with the name coming from the fact that traders can trade standard lots. FXTM provides access to an impressive display of financial instruments including forex, commodities, indices, and cryptocurrencies, although some restrictions apply to clients in specific regions. FXTM offers comprehensive global customer support with 24/5 multilingual assistance and dedicated account managers. Combining fast query resolution, high satisfaction rates, and seamless withdrawal processing, its support system ensures traders receive dependable help whenever required. The MetaTrader 4 platform offers easy-to-read, interactive charts that allow you to monitor and analyze the markets in real-time. You also have access to more than 30 technical indicators, which can help you identify market trends and signals for entry and exit points.

Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.

TradingView is increasingly popular among traders for its extensive charting capabilities and a wide range of technical indicators, allowing users to perform in-depth market analysis. For beginners, I’m slightly disappointed with FXTM’s minimum deposit of $200, especially compared to other brokers like Deriv and XM, which have just $5 minimum deposit requirements. Ultimately, the mix of international and localized options makes FXTM suitable for traders seeking accessible and varied payment options across different regions. While the broker does not offer MAM and PAMM accounts, this portfolio management strategy allows clients to follow and automatically copy the trades. Also, even though there is a separate Stock account it offers only speculation on CFDs, so not the classical investment you might look for.

Commodities

One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Forextime offers excellent spreads in its commission-based account, making it one of the cheapest Forex brokers in the entire retail Forex industry worldwide. It offers a variety of learning tools such as eBooks, webinars, and video tutorials. These resources are particularly useful for new traders looking to expand their forex knowledge​.

The trading environment is competitive, with spreads and commissions that cater well to both beginners and experienced traders. The ECN/STP execution model promises transparency, although execution speeds might not always hit the mark set by their claims. The Advantage account is FXTM’s top choice among forex traders, featuring typically zero spreads on major pairs and competitive commissions. It delivers fast execution and access to various asset classes, making it well-suited for both novice and experienced traders seeking efficient trading conditions. FXTM’s fee structure is considered competitive, especially when compared with industry standards for commission-based accounts, giving traders cost-effective options across various account types.