FXTM Review 2023: Is FXTM ForexTime Legit or a Scam ️

Forex — the foreign exchange market is the biggest and the most liquid financial market in the world. Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. FX trading can yield high profits but is also a very risky endeavor. FXTM customer support includes a comprehensive FAQ section, which you can use to answer a few questions before contacting the support team. Here is everything you need to know as a trader about FXTM withdrawals. So let’s move on in this FXTM review to the platforms on which you will be able to trade.

We do not present any investment advice or guarantees for the accuracy and reliability of the information. I’m afraid to open an account with FXTM after reading a few bad review here. Leading Forex broker FXTM has just announced that it has appointed Tan Chung Han as a new Market Analyst of the FXTM Market Research team, with a focus on Southeast Asia .

Like other brokers, traders at FXTM can use MT4, MT5, and the proprietary Web Trader platform conveniently and easily. This is suitable for clients, who can’t receive interest due to their religion. The account types differ according to the countries they are available in, the pricing, the minimum deposit, the available trading platform, and the products you can trade with. We calculated the commission for an account balance between $0-$2,999 and trading volume of less than $100 million.

FXTM Best Countries by Traders

It also includes advanced analysis tools, real-time quotes in MarketWatch, and reliable data protection. Many traders appreciate the fact that automated trading ensures you do not miss any opportunities if you cannot watch the markets 24/7. We’re thrilled to know that you’re enjoying your trading experience with FXTM. One of our top priorities is to constantly improve our services so our clients have a comfortable and hassle-free experience with us. Feedback like yours really goes a long way to motivate us and we thank you. If you have any specific issues or need any assistance at all, we’re here for you.

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These spread vary depending on your account type choice, but start from around 1.3 pips on standard accounts. FXTM is a good broker well-known and regulated worldwide, there are numerous regulated entities of FXTM. Account opening is easy, FXTM has one of the lowest deposit requirements and trading conditions are good with low spreads and excellent customer service, and Forex education. The Micro account is the most accessible FXTM trading demo account type that offers tight spreads, commission-free, swap-free option, and low minimum deposits.

FXTM Review 2023: Is This Broker Safe for Trading?

Clearing of funds to the amount of $10,000 without any controls and approval by myself. We thank you for your trust in FXTM and please be assured that we have no reason to keep your money with us and it is our highest priority to ensure you have a hassle-free experience with us. When I withdrawn $1070 plus, they delayed for more than 24 hours but it has past 24 hours and they have yet to process. Other websites of this company include FXTM.com, ForexTimeChina.com.cn. All information on 55brokers.com is only published for general information purposes.

ForexTime provides technical and trading support as well, exclusive privileges for VIP clients, and makes it easy to open accounts. The customer support team delivers multilingual service, as do the Personal Account Managers. This lets FXTM appeal to native speakers of a range of languages.

You will then need to verify your email address and upload a form of identification and to confirm your address for KYC purposes. Once verified by the accounts team, you can fund your account and start trading. FXTM have created a collection of educational articles and tutorials to help expand your trading knowledge and confidence. Written by their in-house experts, they go into great detail and cover a wide range of topics suitable for both beginner and advanced traders. Client funds are held in segregated accounts with prominent banks so that they cannot be used for any other purpose within the company.

How to open an account？

By trading with FXTM, you will be able to take advantage of a variety of deposit methods. These include bank transfers, credit/debit cards, such as Visa, MasterCard, or Maestro, and various eWallets , such as Skrill and Neteller. It is also possible to deposit funds via Western Union and other local payment methods depending on your region, particularly in Asia, Africa, and South America.

Once you’re ready to trade for real there’s a choice of platforms, some of which are fee-free, making this a great option. Just be careful about the inactivity fees, and be prepared to pay a small charge for withdrawals, unless you’re using Neteller or Skrill. If you’re looking for a trading platform that offers the chance to trade in cryptocurrencies, be sure to check out our Wirex review. Using the Micro and Advantage Plus accounts offers tight spreads with no commission.

FXTM offers an intuitive trading platform based on MetaTrader 4 and 5 and offers a wider range of trading instruments including Forex, Cryptocurrencies, Index and Commodity CFDs, Spot Metals and Stock CFDs. The company’s focus on the education of its customers is evident as all accounts have demo versions so that the users have the flexibility to try out different accounts before actually putting their funds on the line. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

MetaTrader 4 Web

CTrader is a complete trading platform solution for Forex and CFD brokers to offer their traders. The platform is packed with a full range of features to cater to each and every investment preference imaginable. CTrader is a leading multi-asset Forex and CFD trading platform, offering rich…

Now that we’re coming to the end of our FXTM review, you should have a reasonably good idea whether this is a broker that might be suitable for your needs. You can start your trading journey with one of the demo accounts, and make full use of the education section of the site to improve your knowledge and understanding of the markets. MetaTrader5 is considered the ultimate trading platform in terms of functionality and basically everything a trader might wish for. FXTM offers three account types – Micro, Advantage and Advantage Plus Account, where you can start trading with just 10 USD, 500 USD and once again 500 USD respectively.

CFD trading allows traders to speculate on the price movements of these commodities without having to own them physically. The features offered by the Advantage Plus account type are near-identical to the trading conditions offered by the Advantage account, with notable differences being in the commission-free trading and wider spreads. Established in 2011, the FXTM Group is a global leader in online trading, bringing the opportunities of financial markets to global audiences, wherever they are and whatever their financial ambitions. We are specialists in leveraged trading, giving you the potential to generate financial returns on both rising and falling prices across FX, indices, commodities, shares and cryptocurrencies. Whether you’re an experienced trader or completely new to it, we’re here to help you find freedom in the financial markets. The group’s global network of offices and regulations spans Europe, Africa, Asia and Latin America, and we have already attracted over 3 million clients across 180 countries.

Another popular program is the ongoing Loyalty program, which offers you actual cash, not points or virtual cash. You earn $5 in real cash that you can withdraw or use for future trades. Stock trading with FXTM gives you access to real-time data and direct liquidity pricing for NYSE and NASDAQ indices. Founded in 2011, FXTM is a part of Dashin’s global holdings which also include a forex brokerage company Alpari. FXTM provides its customers with one of the safest trading experiences as it has advanced regulatory oversight.

The margin requirements and leverage requirements are listed for Standard, ECN, and ECN Zero Trading Accounts. View the requirements in the categories of FX majors, FX minors, FX exotics, spot metals, BTCUSD, ETHUSD, LTCUSD, and RPLUSD. FXTM also delivers fast execution as transactions are executed immediately. This means that you do not have to worry about delays interfering with your ability to get the best prices.

These articles are informative and powered by popular forex trading website FXStreet. The Economic Calendar allows you to keep up to date with economic news releases, delivered in real time and with an impact rating. I think that a news calendar is a vital tool to incorporate within your trading strategy.

FXTM Awards

fxtm review is a Cyprus Forex broker offering various accounts types, MT4 and MT5 trading platforms, and various trading tools. With its focus on Africa and Asia, FXTM is a fast-growing company. They also hold IFSC registration as well besides the CySEC license for the EU clients. Furthermore, during FXTM review we found out that this broker offers flexible leverage on forex trading, depending on country of residence as well as knowledge and experience.

• The brainchild of founder Andrey Dashin, FXTM is a relatively new addition to Dashin’s global holdings, which also include forex brokerage veteran Alpari.
• The minimum trade size starts from 0.01 lots for Micro, Advantage and Advantage Plus accounts.
• In addition to this, FXTM does not charge any forex fees or non-trading fees & trading costs are reasonable.
• The customer support team provides multilingual service, as do the personal account managers.

You can view specific information for https://forexhero.info/, spot metals, CFD US shares, spot commodities, stock trading, spot indices. You will see information such as minimum or typical spreads, pip values, swaps, and trading sessions. The tight spreads from ForexTime help to ensure that traders can take advantage of low initial trading costs.

The intuitive FXTM Trader mobile app allows clients to access the markets on the move. More competitive spreads are available via the Advantage account type. There’s a very clear pricing policy across the FXTM website, so you won’t have any unpleasant surprises as you trade. Deposits are free, as are withdrawals made via Neteller or Skrill.

We tested it and collected the options and costs in How to withdraw money on FXTM. Check out the current account balance requirements at FXTM in our What is the minimum account balance at FXTM article. Is FXTM legit features all the key aspects you need to look at to see if a broker is safe and legit.

Note that FXTM does not charge any deposit fees or commissions, which makes the social trading platform one of the most desirable options in the market, as per our research and FXTM review. In addition to this, FXTM does not charge any forex fees or non-trading fees & trading costs are reasonable. All these are also offered by similar brokers in the market, making it a must.