FXTM Review 2021

FXTM is one of the forex brokers. It began operations in 2011. By participating in active trading or investment programs, it provides the opportunity to make money. The firm is regulated by the CySEC (Cyprus Securities and Exchange Commission), the FSCA (Financial Sector Supervisory Authority) of South Africa, the FCA (Financial Conduct Authority) of the United Kingdom, and the FSC (Financial Services Commission) (Financial Supervisory Commission of Mauritius). Numerous honors have been bestowed upon the broker, including "Best Trading Conditions" (in 2018 and 2019) and "Most Innovative Broker" (2018).

As traders, the safety of our money and assets is our number one concern, regardless of the market conditions. FXTM recognizes this, which is why the brand provides retail customers with complete segregation of money on a daily basis. These money are kept in high-quality banks and are fully separated from the firm's other assets and liabilities. Investor Compensation Fund (ICF): Brand is a member of the Investor Compensation Fund (ICF), which is a program designed to safeguard retail customers and pay them in the event that the company is unable to refund their money or financial instruments owing to financial difficulties, as the case may be.

In addition, FXTM has implemented the Secure Sockets Layer (SSL) network security protocol to protect its customers' data. This is required in order to maintain a secure connection for all conversations with its customers. It also protects consumers when they deal with the company's representatives. Furthermore, FXTM is dedicated to providing complete transparency to its customers.

Additional to this, when you register for an account with FXTM, you will get a security badge in the mail at the phone number or email address you provided during registration. These are extra security procedures that the brand employs in order to keep its clients secure in the trading environment in which it operates as a broker.

For Forex traders, commission percentages are quite modest, while commission percentages for CFD transactions are in the vicinity of the industry standard. Spreads as low as zero pips are possible with ECN account choices, and fees as low as $0.2 per lot are also possible. Standard Account spreads start out a bit higher than with the Micro Account, but they stay very competitive throughout the trading session.

Please keep in mind that spreads are floaters, which means that they may rise at certain times of the day depending on the market's mood.

Although the business does not charge any extra fees, there are a variety of other costs that may be imposed, making them a more costly option. As an example, there is an inactivity fee, which implies that if your account isn't utilized for a certain amount of time, you will be charged.

FXTM has just revamped its live accounts and now offers three different types of accounts:

FXTM provides traders with a high-quality demo account that they may use to improve their trading abilities before risking their hard-earned money. Because forex trading is typically seen as a high-risk type of investment, it is essential to ensure that you have the necessary skills before starting to "trade for real."

Demo accounts are available for the Standard, Cent, ECN, and ECN Zero Accounts, as well as the ECN Zero Account.

The process of establishing an FXTM account is simple and entirely digital. Our account was authorized within one business day after completing the online application, which took about 25 - 30 minutes.

The seven stages to establishing an FXTM account are as follows:

There are many ways to complete deposits, including the ones listed below:

Visa \Maestro \Mastercard \Neteller \Skrill

Some deposit methods need a two-hour processing period, while others are instantaneous in their processing. There are no fees associated with any of the deposit options.

he amount of the minimum deposit varies depending on the kind of account:

• Advantage of £/$/€50 in small denominations
• Withdrawals of £/$/€500 with an additional £/$/€500 advantage

The MT4 and MT5 platforms are supplied by FXTM and are used for trading. These platforms, on the other hand, are only available in a variety of configurations for network, desktop, and mobile devices.

MT5 \FXTM

A version of MT4 that has been enhanced, MT5, may be downloaded from your MyFXTM personal account. But what is it that you receive with MT5 that you don't get with MT4 and vice versa?

If you want to become a trader whose techniques are copied, you may join the FXTMInvest program for a fee. This is possible with MT5 with the press of a button, as shown below:

You'll also get access to a larger indicator set, which includes 38 built-in indications, as opposed to the 30 indicators available in MT4.

Besides offering a greater number of time periods to select from, the tool also has a "Market Depth" feature that displays which positions are being taken by buyers and sellers in the market.

The MT4 bridge software is required in order for MT4 ECN Zero and ECN on FXTM accounts to function. As a result, traders using both of these types of accounts may take use of the same MT4 functionality.

On MT4, you have access to the standard tools as well as the 30 built-in indicators that are available on the platform.

To access the entire asset index, choose the "Symbols" tab (View -> Symbols) or press Ctrl + U on your keyboard. After that, you may click on the "Show" button to bring up the "Market Watch to Trade" box, which will show them all.

The Capabilities tab provides you with access to a variety of features relating to Expert Advisors (EA), charts, and trading server software.

According to the majority of industry analysts, FXTM provides a decent variety of markets and account features in comparison to other brokers.

The trading markets offer over 250 different financial instruments, Forex products with over 50 different currency pairings, as well as attractive FXTM CFDs on cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. Additionally, you may choose from spot metal CFDs, share CFDs on over 170 major businesses, commodity CFDs, and index CFDs, among others.

The following are the places where FXTM's research tools are available:

MetaTrader trading systems are used for day trading.

The 'Market Analysis' part of the website and the 'Trading Services' section of MyFXTM offer trading ideas that are based on technical indicators. Trading ideas FXTM provides trading ideas based on technical indicators. You can find them in MyFXTM, in the 'Trading Services' area, and within that part, in the 'FXTM Trading Signals' section, as well.

Facts and figures that are fundamental
Fundamental data is not available via FXTM.

In terms of charting tools, FXTM is above average. These charting tools may be found in the MetaTrader trading platforms, which are available for download.

37 technical indicators and editor tools, such as trendlines and Fibonacci retracement, are available for use in your trading.

The design, on the other hand, is out of date, and some of the functions are difficult to use. To provide an example, we had trouble figuring out how to delete an indication from the chart.

Feed of recent news

There are market updates and different research tools, such as a Forex News Timeline and market analysis films produced by FXTM, available on the website under the 'Market Analysis' area.

You may also benefit from a fantastic economic calendar. The filter feature on the calendar, which also allows traders to filter by nations, data kinds, and volatility, is one of our favorites.

Other market research tools that you will find useful.

You may also utilize some additional technical research tools in MyFXTM, if you so choose. In order to evaluate price direction and market mood, you may use a tool called FXTM Pivot Points Strategy, which is available for free.

Overall, we can describe FXTM's primary strategy as one that is focused on the customer, regardless of the trader's trading money, experience, or style. FXTM has a solution to suit virtually every requirement, and they offer excellent service in almost every aspect of their business.

It is a well-regulated entity with three companies operating under the FXTM brand: ForexTime Ltd, ForexTime UK Ltd, and Exinity Limited. The company serves more than 10,000 customers from more than 135 countries across the globe via its trading services. It is also essential to note that FXTM complies with all regulatory requirements in every jurisdiction in which it operates, earning it a high rating from us in terms of trust.

This is, without a doubt, the most important issue, since investment accounts lose money, and if you trade with an unregulated company, the high danger of losing funds is significantly increased even more.

FXTM is a legitimate broker since each of the businesses and brands that it services has been approved and regulated by a variety of international regulatory bodies.

The primary company, ForexTime Ltd, is regulated by the Cyprus Securities and Exchange Commission (CySEC), approved by the Financial Services Commission of South Africa (FSCA), and an extra offshore regulator, the Financial Services Commission of Mauritius (FSC). Furthermore, the FXTM UK brand is regulated by the Financial Conduct Authority, which is a well-known sharp regulator with principles based on European MiFID and ICF standards, enabling for cross-broker activity to take place.

When searching for FXTM alternatives, we've prepared a list of the best 5 brokers that have a similar style and feel, which you can find below. This list of brokers that are similar to FXTM is arranged in descending order of similarity and only contains businesses that accept traders from your geographic area as clients.

An established trading platform and broker, FXTM offers a number of significant advantages over many competitors.

Crucially, it is regulated by the FCA. This not only provides UK customers with plenty of protection, it also shows that the company is one that is run in a transparent and accountable manner.

The site places a heavy emphasis on education and customer care – this is a site that takes its responsibilities to its customers seriously. It's also a site that has a good range of trading platforms and accounts – no matter what type of trader you are, there's an account which is suitable for your needs.

Fees are, on average, in the low to medium range. The range of options by which traders can get in touch with customer support is outstanding.

The loyalty programme is also an advantage, as a direct discount is applied to every trade, bringing a fast reward. That said, the higher levels do require a substantial amount of investment in order to qualify, meaning it's unlikely that rookie traders or those without considerable assets are going to enjoy much of a loyalty reward.

With so many benefits, it's little wonder that this is a popular, well-established site which has stood the test of time.