FXTM is a leading online trading site and the most popular one among traders ever since it was established in 2011. FXTM, an acronym for ForexTime, is a global CFD and FX broker for emerging and frontier markets operating within Exinity Group. FXTM Review provides the best trading experience one could get through its availability on desktop, web, and mobile phones. It is headquartered in Mauritius. FXTM has MT4/MT5 as its trading platform that adjusts timely to market and regulatory changes, therefore, maintaining transparency. The brand has about 3 million clients in over 180 countries spanning Europe, Africa, Asia, and Latin America.
The broker brand offers a lot of additional facilities to its customers along with basic features like competitive costs, free trading strategy ideas from market experts, and educational support to help beginners to get started. FXTM’s all-time objective is to bring financial opportunities of trading markets to global audiences irrespective of their locations and financial ambitions. However, if you are swinging among different trading brokers and considering FXTM, then you should go through the advantageous points listed below to make your confusion easier.
Regulation:
Trading online comes with all kinds of risks especially because it involves your money. There are high chances of fraud and stealing if you are trading from unknown and unauthorized sources. Regulatory organizations serve as a kind of backbone for all trading sites to keep them in check. FXTM is regulated by the Financial Services Commission(FSC) in Mauritius, Financial Conduct Authority(FCA) in the UK, Cyprus Securities and Exchange Commission(CySec) in Cyprus, and the Financial Sector Conduct Authority(FSCA) in South Africa.
Security:
Money is the core of the trading cycle. You get money by investing money. So naturally, you need to protect it as well. Even though investing in trading is risky in itself the return of profit depends on how you play your game, but still, you can protect your money to a certain limit if the broker has the right security policies for its customers. FXTM is one of the few brokers that promises safety for their customers’ investment. They are a member of the Financial Commission of Hong Kong that protects traders with its compensation fund of up to €20,000 per claim. This gives fXTM’s traders a sense of security and confidence during trading. They offer full segregation of funds to retail clients.
Education:
If you are interested in trading but you are a newbie and having trouble then FXTM has a solution for that too. They provide educational support on a personal level for you to learn all about trading. FXTM offers an online training course for free and guides you through your trading journey. They make you potential enough to generate financial returns on both rising and falling prices by building your trading skills.
Account Types:
FXTM offers three types of accounts for its customers to trade from along with a demo account and corporate account.
- Micro account
- Advantage Account
- Advantage Plus account
These accounts are differentiated from each other based on the trading platform, pricing, minimum deposit, and trading products. Micro accounts come with a higher spread, commission-free with a minimum deposit of €50 on MT4. The Advantage account has a tight spread with the commission and a minimum deposit of €500 on both MT4 and MT5. On the contrary, Advantage plus accounts trade with tight spreads and no commission with a minimum deposit of €500 on MT4/MT5. FXTM provides flexibility with its feature to convert your account into a swap-free account.
Trading instruments:
FXTM offers a wide range of trading instruments to trade in that includes stocks, FX indices and currency pairs, indices, metals, commodities, stock CFDs, stock baskets. It provides 24 hours updates on market prices and hi-tech forex trading tools with tight spreads and super-fast trade execution.
Deposit and withdrawal:
For traders’ convenience, FXTM offers various options for both deposit and withdrawal. The broker does not charge any deposit fees but it does charge fees on withdrawal depending on the account type. You can deposit money using credit card or debit cards, electronic wallets as well as bank transfers. But do note that a bank transfer can take several days more than a credit/debit card. While you can withdraw your money using any of the same methods as a deposit with an additional withdrawal fee of a minimum of $3 on a credit card.
Additional benefits
- FXTM provides A+ client services. They are available to answer you 24/7 and solve their customers’ issues at the earliest.
- The process of opening an account is fast and easy.
- They provide daily analysis to assist you through your trading strategies. You can keep yourself updated with the Forex news timeline, economic calendar, and its Podcasts.
- For beginners, FXTM guides by organizing online webinars and seminars on trading education.