FXTM is a global forex and CFD broker with over 2 million traders trusting it. This is because it adheres to the stringent regulations of top-tier financial authorities globally. FXTM also offer a wide array of tradable instruments and tools that will enhance your trading skills and overall experience.
- Copy-trading platform to follow expert traders and mirror their trades.
- Excellent learning materials, including a demo account.
- MetaTrader platforms that host advanced features like automated trading and advanced trading resources.
- Intuitive design and customisable platform.
- After six months of inactivity, a $5 monthly inactivity fee applies.
- Charges withdrawal fees.
FXTM – Who Are They?
FXTM was founded in 2011 and boasts of its success across more than 180 countries globally. The broker is safe to trade with because it secures your trading funds in a separate trading account that will not count as the broker’s asset. This helps you recover your funds in case of uncontrollable circumstances.
Various global financial regulators are overseeing FXTM’s trading activities. Good examples are the Financial Conduct Authority (FCA) in the UK, FSCA, and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. This means that you can trade at FXTM anywhere globally as long as it is allowed.
This forex and CFD broker has standard, micro, advantage, and advantage plus trading accounts, which are accessible on the MetaTrader platforms. The accounts are easy to create and have modern designs to keep traders engaged for more extended periods.
Apart from the MetaTrader 4 and 5 platforms, FXTM also has the FXTM Trader mobile app that allows access to over 250 instruments. It is easy to download and install, making it easier for you to trade forex and CFDs anywhere, anytime.
Compare FXTM With Other Brokers
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Our Opinion About FXTM
You can trade forex and CFDs on stocks, commodities, indices, and more. The availability of MetaTrader platforms allows traders to exploit excellent research tools for analysing the financial markets. We can primarily recommend this broker to advanced traders even though newbies who are confident in their strategies can have it as one of their options.
It’s easy to open a trading account at FXTM, which takes a few minutes to complete. Once verification has been completed, you will be required to make a minimum deposit of $10. There are no charges for making deposits but expect them during withdrawals. Also, forex trading fees are low, allowing you to try your options across diverse market assets.
We also tested FXTM’s educational materials, and we were impressed by our findings. You can learn how to trade using its articles, tutorial and educational videos, glossary, webinars, and a demo account. The demo account is loaded with free virtual funds to help you test a broker before you start trading real markets.
Lastly, there is a support service system at FXTM, which we confirmed is responsive and provides relevant solutions to traders’ issues. You can get across to them via phone, email, and live chat on weekdays only. We highly advise you to try FXTM by creating a demo account.
A bunch of complicated hidden rules when withdrawing money…
Do you have an account manager? I have my account manager who is always in contact with me with any issue and has been really helpful.
There are a few points on the basis of which I categorize the brokers I want to trade with:
– low market spreads.
– Fast trade execution time.
– No restrictions on strategy
– Easy withdrawals.
– Client support I am holding accounts
Forex.com and FXTM currently and for me, they are the best-suited brokers.
I opened account it FXTM as they have a multi product platform but I use this broker for my stock trading only. I am a client of FXTM since 2019 and the platform is excellent. No requotes, no spikes, pretty fair pricing all in all. Slippage is a bit of an annoyance as it only works one way, i.e against you, never in your favor. My main advise for successful trading – before you open a trading account with a broker or a bank you should learn the market!