To compensate for no commissions, you’ll notice that your spreads are slightly wider, but still under the level of Standard Accounts. The biggest reason to choose MT4 is to gain access to the endless library of custom indicators and expert advisors that have been developed specifically for the platform. With an inability to seamlessly transfer indicators from MT4 to MT5, many traders prefer to stick to MT4 to continue trading their proven strategy. This ensures that you have an amazing and more importantly, a “secure” trading experience with us.FXTM is on your side, Nitin and we wish you Happy Trading! If you require any assistance, please feel free to reach out to our Live Support Team through our website/app on the Chat Portal.

ForexTime FXTM: Support

There is some work involved in the selection process, but FXTM does provide a range of standard metrics that fill in some of the gaps. Portfolio construction, win/loss data and performance charts are valuable tools for those looking to copy trade. There are essentially six different accounts from which to choose. Three are classed as ‘Standard Accounts’, and three are ‘ECN Accounts’.

What is the spread at FXTM?

FXTM encourages traders to download both the MT4 and MT5 platforms, then use them in parallel before making their final decision. However, while the broker ensures that they won’t be deactivating MT4 soon, it will happen eventually. FXTM’s MT4 platform also allows traders to access the multi-terminal feature that is unavailable on MT5.

FXTM will return funds to the payment processors used for deposits, and it appears that traders must withdraw profits exceeding them via bank wire only, which is expensive. The MyFXTM back office is where traders make all their deposits and withdrawals. Forextime does not levy internal deposit fees but charges for withdrawals, which is unfortunate.

FXTM is a member of the Honk Kong-based Financial Commission, where the Compensation Fund protects traders up to €20,000 per claim. It is identical to what CySEC offers but does not come with regulatory restrictions. The account variety is very impressive which allows any trader the best suitable option either with flexible or floating leverage. We learned that the broker also provides tight spreads from 0.1 pips, and low deposit requirements, besides education is one of the best provided. So overall, FXTM is very trustable and quiality choice for Forex traders of any size. Also, you may select spot metal CFDs, share CFDs on over 170 major companies, CFDs on Commodities, and CFDs on Indices.

1. As you can see by the multiple business divisions, FXTM is a truly global forex broker.
2. Again the platform functions through Windows, MAC, iOS, and Android where needed.
3. In terms of funding methods, FXTM offers numerous payment methods which are a very good plus, yet check according to its regulation whether the method is available or not.
4. In terms of the funding methods, FXTM made it quite a simple and straightforward process with a truly wide range of funding options that will assist you to find a suitable money transfer provider.

A combination of reliability, powerful software tools, and an extensive range of indicators means they maintain a certain finesse and agility. To ensure that the simulated trading matches the reality, margin requirements on demo accounts are equivalent to those on the corresponding live account. There is also a full breakdown of terms and conditions provided. Leverage is offered based on client knowledge and experience and may change from country to country. With six different accounts to choose from, clients are advised to closely check the Trading Account Comparison section of the FXTM site. This page provides a complete and detailed breakdown of the different terms and conditions on offer.

FXTM Alternative Brokers

Both are among the lowest in the industry, starting from just 0.1 on ECN accounts and 0.5 on Standard accounts. We found the spreads to be relatively tight for the peer group across both STP and ECN accounts. The FXTM Pro account was a step up, offering the tightest possible spread, though this account requires a minimum deposit of $25,000. Other brokers offer a greater number of instruments and a better range and depth of markets but for most traders the FXTM offering is undoubtedly adequate. If forex is your target market, it’s worth visiting the platform for a free trial of the FXTM Demo account. ForexTime (FXTM) was founded in 2011 by a team led by industry veteran Andrey Dashin.

You will also have the benefit of multiple money protection measures that can make sure your funds are safe at all times. As a scalper, you will be glad to find this type of trading strategy is permitted by FXTM. They not only allow it but provide a great range of tools and features to facilitate detailed charting and more indicators. You can trade real stocks on the MT5 platform with the Advantage and Advantage Plus accounts. First off, you will find a quite limited range of assets available to trade, particularly for such a popular broker choice.

FXTM Withdrawals

A total of 9 markets are available, and these include Bitcoin, Ethereum, Litecoin, and Ripple. Here is all you need to know when it comes to FXTM withdrawals as a trader. Added plus500 forex review to that, exotic currencies are not available to be traded with this account.

Headed by FXTM’s head of education, Andreas Thalassinos, the broker’s webinars cover a wide range of education and analysis topics to help traders make money in the markets. FXTM allows traders to expand their forex trading knowledge thanks to a plethora of educational content. The market analysis and education sections of their website are some of the most in-depth that we’ve come across. FXTM leverage is determined by various measures and firstly set according to the regulatory requirement in one region or another. And then is also based on the trader’s experience and knowledge, so always check with the customer support team first which one is applicable to you.

The devil is in the detail, which requires some attention, but it is refreshing to see a broker offering clients a choice. The increasing popularity of the platform has been achieved despite it not offering trading in the crypto markets. Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry.

Moreover, it provides an opportunity for beginners to explore different markets and diversify their trading portfolio. FXTM specialises in forex trading and offers 59 currency markets. A collection of other asset groups is also available, including more than 160 CFD equity markets, 11 equity index CFDs, five spot metal markets, plus Brent Crude, US Crude and Natural Gas. Like many of its peers FXTM offers several different account opening options. There are essentially six to choose xm broker review from, and they are classed as Standard Accounts or ECN Accounts. Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs.