These sessions provide pre-market updates, real-time chart analysis, and forward-looking market insights. However, Advantage account holders can benefit from spreads as low as 0.0 pips, with a commission rate starting at $3.5 per round lot, competitive with other brokers, especially for high-volume day traders. It is important to note that to access crypto financial instruments, you will need to sign up for an FXTM subsidiary outside of the UK. The UK’s financial authority, the FCA, recently changed regulation banning retail traders from trading cryptocurrencies. Trading on an ECN account ensures that you get the absolute best price in the market at any given time. FXTM use tiered commissions which mean commission costs will are lower if you hold more equity in your FXTM trading account and the more volume you trade.
Can I withdraw all my money on FXTM?
FXTM delivers a well-rounded and sophisticated market research suite tailored to news-driven traders. The broker also integrates insights from Acuity, offering actionable trading signals, in-depth market analysis, a sentiment gauge, and more. The broker also offers good educational resources and robust research tools to support both novice and experienced traders. Customer support is available during business hours, ensuring assistance when needed. FXTM offers a quality range of tradable assets, allowing traders to seamlessly access and trade both traditional financial instruments and digital currencies. 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.
Best Forex Brokers By Countries – 2025
Yes, FXTM’s Advantage Plus account provides commission-free trading on stocks and ETFs. Traders can access hundreds of instruments on MetaTrader 4 or MetaTrader 5, benefiting from no commission fees despite slightly wider spreads. This option suits those prioritizing cost savings over spread tightness. The minimum deposit is $10 for Cent accounts, $100 for Standard or Shares Accounts, $200 for ECN Zero Accounts, $500 for ECN Accounts, and $25,000 for FXTM Pro Accounts.
If you review the FXTM broker’s overnight rates, you will notice that they are around average. To help you make a decision regarding your trades and to provide transparency, you can see the rates on the Contract Specification page of the FXTM website without logging in. – Non-trading fees aren’t directly related to trading, but you should consider them as they make up the cost of using a certain broker. In this review, you can find all the information you need to decide whether is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders.
- The account sign-up process for this review was delayed because the UK auditor needed to provide additional information.
- FXTM applies swap fees for positions held open overnight, reflecting the cost of carrying trades across trading sessions.
- Such multi-jurisdictional regulation implies that FXTM must adhere to stringent guidelines on capital requirements, client fund segregation, and transparent reporting.
You will be charged $5 per month after six months of inactivity and most withdrawal methods also have a fee. There are a number of different types of FXTM accounts to choose from, but generally speaking, these account types fall into two categories, the Standard Accounts and the ECN Accounts. Due to AML/CTF laws, FXTM cannot deposit funds to third-party accounts. As a result, all money withdrawn from your account must go to a bank account in the same name as your FXTM trading account.
What Can I Trade
FXTM’s customer support is responsive, and its global footprint ensures traders from different regions have localized assistance. Established in 2011, FXTM or Forextime is a preeminent Forex broker that offers exemplary customer service and cutting-edge trading technology. The company has a global presence with offices in different countries, including Cyprus, Nigeria, London, Limassol, Dubai, Hong Kong, Nairobi and Mauritius. FXTM broker offers their brokerage service to both institutional and retail forex traders by offering a wide range of tradable assets. Moreover, the broker’s trading platform is user-friendly and is fully packed with fxtm broker reviews numerous features, making it an excellent choice for traders of all experience levels. In this comprehensive FXTM Review, we will discuss the platform’s features, benefits, account types, and much more to help you determine if it’s the right choice for your trading needs.
Spreads
The ability to trade on MT4, MT5, and a robust proprietary platform, plus the copy trading feature, further cement our recommendation for FXTM. We encourage traders of all skill levels to review FXTM’s educational resources. Here you will find videos, articles, seminars, webinars, e-books, a glossary, and comprehensive guides, among other resources. There is even a periodic table of investments to help traders gain a firm grasp of relevant topics and strategies. This is a growing investment strategy and a great way to diversify your portfolio. With FXTM, you don’t need to go through the hassle of creating a crypto wallet either, as you can trade BTC, ETH, LTC, and RPL against the USD directly on the broker’s platforms.
What are the fees associated with trading on FXTM?
- However, one of the drawbacks of FXTM’s fee structure is the presence of withdrawal fees, which vary depending on the payment method.
- Contact is via email and phone, plus live chat, alongside other media channels.
- The choice of commodities and index CFDs is limited, but the overall selection of trading instruments is competitive.
- For a company to be reliable, it must have a license because licensed brokerage firms are regularly audited.
- The broker keeps client funds segregated and ensures negative balance protection.
Discover more about our comprehensive review process and how we maintain transparency and impartiality here. Unlike the global offering, FXTM UK does not provide live chat support with a direct agent switch option. Instead, clients must use a ‘raise request’ form, which can result in longer wait times for a response.
We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Companies on Trustpilot aren’t allowed to offer incentives or pay to hide reviews.
The Advantage account suits high-volume traders with its raw spreads from 0.0 pips. However, the $7 round-turn commission exceeds the industry average of $6. Broken down by asset class and compared to the industry average, FXTM’s spreads were generally higher across all popular instruments I tested. The only exception was share CFDs, where the broker offered notably tight spreads. FXTM distinguishes itself with its diverse portfolio comprising a variety of CFD and futures contracts in addition to several hundred real stocks.
Yes, FXTM is generally considered a good broker for beginners due to its user-friendly platforms, low minimum deposits, and good learning materials. Additionally, the demo accounts allow beginners to practice trading in a risk-free environment, helping them gain confidence before committing to real funds. The FXTM Trader and MetaTrader Apps provide traders with the flexibility to manage their trading activities on the go, directly from their mobile devices.
Advantage Plus and Advantage Stocks accounts are commission-free, with trading costs based solely on the spreads. In the Advantage Account and ECN Account, fees are based on commissions, providing tighter spreads but with additional per-trade charges. To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.
Where it stands out from the majority of brokers is its six forex indices, which provide an alternative vehicle to speculate on prominent currencies like USD, EUR and JPY. Ultimately, the mix of international and localized options makes FXTM suitable for traders seeking accessible and varied payment options across different regions. The Advantage and Advantage Plus accounts are different in that they have ‘traditional’ trading parameters such as 80% margin call, 50% stop out, and a minimum trading lot size of 0.01 pips. It also offers a swap-free Islamic account for clients adhering to Sharia law.