fxtm broker review

The $5 trillion a day forex market is moving 24 hours a day, 5 days a week, and FXTM is your gateway to all the major currency pairs such as EUR/USD and GBP/USD. New traders are often overwhelmed with the sheer amount of information required to succeed in the markets. https://forexarena.net/ But FXTM’s forex education breaks down the fundamental concepts in an easy to consume manner.

Commission & Fees

As highlighted above, the ability to trade individual share CFDs on MT4 is one of the most exciting aspects of opening an account with FXTM. With real-time prices sourced directly from the NYSE and the NASDAQ, trade price movements of some of the largest global companies. Whether you trade spot metals, energy, or soft commodities, FXTM has a CFD market for you. Whether it’s the main part of your trading strategy or simply used for diversification, take advantage of the volatility in commodities markets fxtm broker review with FXTM. Many traders use Cent Accounts alongside a Standard Account to test new EAs under live trading conditions.

Thank you for contacting FXTM client…

I used the Strategy Manager because I didn’t have time at all. But when the Strategy Manager working with their company stopped working they took all my money without giving me adequate notifications concerning the inactivity. FXTM excels in the area of research with analysis from a seasoned in-house team, complimented by trading signals from Acuity within the client portal and a range of custom MT4 add-ons. I rate FXTM’s research as better than the industry average. FXTM accepts clients from the majority of countries globally. Prospective clients must complete an application with the Exinity Limited entity of FXTM to open an account.

Never trade because of bad news or good…

fxtm broker review

FXTM always “gives you more” and this is reflected in the world-class support we offer our clients. Every member of our team is expertly trained to assist you so that your trading experience with us is hassle-free and more importantly, enjoyable! We wish you Happy Trading and please do reach out to us if you need any assistance.

The FXTM brand is authorized and regulated across several entities including; ForexTime Ltd, Exinity UK Limited and Exinity Limited. While using FXTM’s educational materials, we were pleased with the clarity and ease by which you can follow the content. The variety of formats also means that there is something suitable for everyone. Promotions include, among others, a 30% welcome bonus and access to the FXTM loyalty program with fee discounts and other perks for active investors.

Expert analysis

There are also multiple calculators including a currency converter and the FXTM Invest profit calculator. Overall, FXTM provides everything you need to get the most from your trades. Some standout features of MetaTrader 5 include the fund transfer capability between accounts, alerts, and the multi-threaded strategy tester. MetaTrader 5 has six pending order types and four order execution types.

By trading shares in the form of CFDs instead of directly, you can open a position in either a bear or bull market. As with most other asset classes, you can trade precious metals on FXTM in the form of spot metal CFDs. Metals are commonly considered safe havens, making them popular during volatile times and a good way to diversify your portfolio. With FXTM, you can trade silver or gold, doing so against up to three currencies.

FXTM customer support is available 24/5 weekdays, with limited coverage over the weekend. In my tests, the response times were fast via live chat and phone. Support agents were helpful and answered my queries in detail. I performed my tests with an Advantage Plus account, using the MetaTrader 4 and MetaTrader 5 platforms and the FXTM Trader mobile app. The account was with the Mauritius entity of FXTM (Exinity Limited). Some features and services may vary depending on where you reside.

  1. Client needs come first, with helpful, skilled and multi-lingual support, always on hand to assist you every step of the way.
  2. FXTM entered the industry in 2011 and has since gained licenses from four top-tier authorities.
  3. I am always checking the news to see what is happening across the markets as it can help me with my trading decisions.
  4. As mentioned, most accounts do not charge commission and instead make a profit for FXTM via spreads.
  5. In this section, you will also find numerous current affairs articles, which outline they affect the various tradable markets.

My live tests from 8 April 2024 showed that swap fees at FXTM are average for the industry. The broker does not provide any copy trading solutions, so it is not suitable for those who want to participate in copy and social trading. You should find it incredibly easy to open an account at FXTM as the process is fully digital which makes it straightforward and quick. The Pip Calculator is a tool for estimating the potential profits or losses before trading a selected FX currency pair. The brokerage has been recognized with 25+ industry awards since it launched over a decade ago.

For transparency, you can view requote, slippage, and order execution statistics from FXTM on the broker’s Performance Statistics page. Thanks to server authentication and user identification processes, FXTM ensures data goes to the proper server and customer terminal. All data transmission is encrypted to stop unauthorized access or data theft.

You can also open a demo account free of charge to practice your trading strategies. FXTM has a dedicated team of analysts with a solid industry background. Short descriptions of their qualifications can be found on the website. The Daily Market Analysis page includes detailed articles as well as videos featuring technical analysis and other methods.

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