MT4 remains the go-to choice for many due to its extensive library of custom indicators, while MT5 offers additional features like market depth and more order types. This means that they have a massive customer support team that is ready to answer your questions, in whatever language you ask them in. Their client focus ensures that they are there to make your trading experience as seamless as possible. If your trading account isn’t well-funded or your volumes are low, FXTM can be quite expensive due to its commission costs. For most retail traders, it’s generally easier to choose a broker with standard commission rates and tight spreads. The FXTM Standard Account is a no-frills option for new traders who want to start trading forex without worrying about extra commissions or fees.
first withdrawal successful after several days of frustration
So, for example, if you want to trade a Bitcoin CFD, then you’d trade a BTC/USD CFD. One of the most exciting aspects scammed by xcritical of FXTM’s range of CFDs to trade is the fact that traders no longer have to change platforms to trade stocks CFDs. Simply trade all asset classes under a single account on the one trading platform.
The company is regulated in the E.U and U.K and the promotions and bonuses are also permitted away from the places. In other regions, during writing time FXTM will offer a 30% sign up or welcome bonus that’s capped at $300. We openly declare the terms of any service provided by the Company. All terms and conditions can be found on our website in the Account Opening Agreements section, where „FXTM Invest“ service conditions are described in details. Also, if you have suggestions on how the Investment program can be improved, kindly send them to
fxtm is a great company that offers…
They include bank wires and a broad range of domestic banking solutions for countries, which I find excellent. Traders may also use Skrill, GlobePay, Pay Redeem, Perfect Money, Neteller, FasaPay, and M-Pesa. At the time of this review, FXTM maintains a refer-a-friend campaign.
FXTM Pro Account
- The Pepperstone vs FXTM review page will help you compare the spreads and features and see FXTM as a leading spread broker.
- It is identical to what CySEC offers but does not come with regulatory restrictions.
- Consult relevxcritical professionals in your country of residence to get personalized advice before you make any trading or investing decisions.
- A swap-free account removes any interest-related charges, in accordance with Sharia law, which prohibits usury.
- Then worked with me and the Backoffice relentlessy to get things resolved.
FXTM is a legitimate, safe, and secure broker, as it is highly regulated, holding licenses in several jurisdictions, including the tier 1 financial center of London. Its UK license may entitle account holders to state compensation xcritical scam in the event of broker bankruptcy of up to £85,000. The ForexFXTM platform is full of handy features to help you manage trades. We were especially impressed by how easy it was to modify our positions using cross-device trading, which enabled us to open a trading position on one device and close it from another. You can choose between six different types of FXTM trading account. Three of these are Standard Accounts and three are Electronic Communications Network (ECN) Accounts.
Accounts & Banking
FXTM maintains 60 currency pairs, 8 commodities, 21 index CFDs, 802 equity CFDs, and 639 US-listed stocks. The choice of commodities and index CFDs is limited, but the overall selection of trading instruments is competitive. I also like that Forextime offers 639 stocks for direct investments, albeit only US-listed ones.
I find it well-structured and an excellent starting point for new traders. I also recommend first-time traders seek third-party education covering trading psychology while avoiding paid-for courses. Forextime (FXTM) offers a commission-free trading account, Advantage Plus, and a commission-based alternative, Advantage.