Overall, we found FXTM’s account opening process fast and hassle-free compared to other similar brokers. Select another broker to another broker to compare features, fees, and platforms side by side. These features, combined with unrestricted trade sizes and the FXTM Invest copy-trading platform, makes FXTM the clear choice for MT5 users.
- The FAQ Help Center is also comprehensive and easy to navigate, and I usually find answers here without contacting customer support.
- Traders get upgraded MT4/MT5 trading platforms, and quality research and education.
- Mini lots, at 0.10 lots, and standard lots, at 1 lot, cater to those looking to trade larger volumes.
FXTM Trading Broker Review
Yes, FXTM has no restrictions on scalping and provides ideal trading conditions for scalpers, making it a suitable choice for high-frequency trading strategies. The support options include phone support, email, and a comprehensive FAQ section for addressing common queries. However, FXTM does not accept clients who are residents of Canada or the United States. For those interested in affiliate programs, FXTM also offers a separate program with generous payouts. The “Referral Bonus” is currently available at FXTM, offering $50 for both the referrer and the referred trader, with a maximum payout of $500. FXTM occasionally offers a “Sign-up Bonus.” In the past, FXTM provided a $10 signup bonus that was valid for 30 days.
Account Trading Costs
Its daily market analysis will also help beginners understand the real-world implications of news events on the Forex market and where trading opportunities lie. It offers a low-deposit Micro Account and provides a variety of learning materials in both video and written formats. See how FXTM compares to the leading Forex brokers by reading one of the reviews below. As this FXTM review has already pointed out, customer support and cryptocurrency trading are not available 24/7. You won’t spend much time browsing options for trading forex online before you run into complaints about customer service.
FXTM provides beneficial basics and intermediate resources, but adding advanced-level courses would appeal to experienced traders looking for deeper insights. FXTM’s detailed articles, introductory videos, and e-books on fundamental trading concepts and market analysis can benefit beginners. The only limitation I have found with FXTM’s in-house material is that it is not as frequent or comprehensive as the third-party resources found in some other brokers.
FXTM Research: My Key Takeaways
Furthermore, FXTM demonstrates a commitment to transparency, with select performance statistics audited by PricewaterhouseCoopers Limited (PwC), ensuring clients have access to verified and reliable data. Each of these regulatory bodies imposes strict standards, ensuring that FXTM adheres to FXTM Broker Review best practices in terms of transparency, client protection, and financial integrity. FXTM operates under five well-regulated entities, offering clients peace of mind and enhanced security. Please consider contacting a professional advisor if you require any financial assistance. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise.
FXTM Review: Features, Pros, Cons, and More 2025!
It has taken the best trading platform around, and advanced it even further. It is also an extremely robust platform which can run on almost any machine.Swap free trading with FXTM is made available through this trading platform. This comes as a top trading platform that has been around for many years offering the very best in trading experience and customizability beyond all others.
- You can choose to open an ECN or ECN Zero account to get started.
- FXTM does not charge internal fees for withdrawals, but traders may incur third-party payment processor costs depending on the withdrawal method used.
- You’ll be practicing under real market conditions, which is a great way to get to grips with risk management.
- FXTM offers competitive swap rates for its commission-based accounts, but it’s essential to understand how these rates impact overall costs depending on the duration a position is held.
FXTM (ForexTime) review and test for new investors – Good choice or not?
FXTM provides traders with access to the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Alongside strong research and education, FXTM is known for very competitive, commission-based forex pricing—tight spreads and low overall costs. Since 2011, it has offered advanced trading on upgraded MetaTrader 4 (MT4) and MetaTrader 5 (MT5), suitable for both retail and professional traders. BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.
Just like on MT4, you can access the MT5 platform on PC, Mac, mobile trading (IOS and Android), tablet and through any browser thanks to the WebTrader option. MetaTrader 5 (MT4) is the next generation trading platform from MetaQuotes. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform. The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs.
FXTM App
Email support for less urgent queries is available, with most inquiries being addressed within 24 hours. Response times for live chat and phone are noted for their quick response times, with clients often receiving help within minutes, which is ideal for time-sensitive issues. Weekday support is available 24 hours a day from Monday to Friday. This feature is geared towards those who wish to learn or earn without actively managing their trades. While this does not reach the highest end of what FXTM claims as an average, the speeds for market orders remain very competitive within the industry, indicating efficient order processing.
Risk Warning :
FXTM periodically hosts trading contests that are open to traders of all skill and experience levels. You get a $50 (or equivalent) cash bonus when you refer a friend who opens an account and meets the current deposit and trading criteria. While the majority of deposit options incur no commissions (fees), the same does not hold true for withdrawals, which can be expensive to request. This is a great option for traders who wish to adopt a more hands-off trading policy and are willing to pay a fee to do so. You can earn up to 40 percent commission for each trader who profits by following your trading strategies.
Upon verifying your account, you will have to fund it using any available payment methods before you can start trading. Successful broker with multiple awards and over 1 million global clients. The broker’s aggregated Trustpilot score of 2.7/5 is also a factor to take into account whenever evaluating FXTM’s services.
FXTM Minimum deposit
They allow traders to buy and sell various financial assets from the convenience of their handheld devices. The mobile versions of the MT4 and MT5 trading platforms are designed to suit people who want to monitor the market on the go. You choose to copy FXTM traders (Strategy Managers) who make their trading strategies available to follow. The platform allows traders to place orders anytime and anywhere from the convenience of their mobile handheld devices. It is developed in-house by the broker’s team of fintech experts to ensure seamless trading with hundreds of financial instruments. Other benefits of MT5 include a multi-threaded strategy tester, fund transfer between accounts, and a system of alerts to keep abreast of all the latest market events.
Brokersway is a website that provides unbiased reviews, ratings, and comparisons of online forex and CFD brokers. It supports popular trading platforms and tools such as MT4, MT5, fxTrade, and TradingView. FXTM is a forex and CFD broker that provides online trading services globally. With its wealth of experience, transparent review process, and outstanding customer feedback, Rational FX is a trusted source for anyone seeking reliable information on forex brokers.
FXTM is committed to providing a trustworthy and transparent trading environment. This strategic location in Cyprus positions FXTM in a region known for its strong financial services sector. Always do your own research and consider seeking advice from a financial advisor if you’re unsure.
Depositing ease
FXTM, also known as ForexTime, is a well-regulated international CFD and forex broker. As with any broker, it’s important to carefully consider these factors before deciding to trade with FXTM. This ensures that traders can get the help they need when they need it. This makes it an affordable option for traders looking to maximize their profits. This regulation provides a level of security and trust for traders.
