Online Trading Broker FXTM Global

FXTM is better for beginner traders because of its diverse account types and superior educational resources. Overall, both forex brokers are well prepared to serve and assist clients with their needs via a professional customer support service. And finally, the FXTM Pro Account is designed for professional traders only, with the minimum deposit required being $25,000. It grants access to 43 Forex pairs and 2 Spot Metals traded on ForexTime’s MT4 platform. FXTM’s ECN Zero account can be opened with a minimum deposit of $200.

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Furthermore, FXTM offers a wide variety of deposit and withdrawal methods, which include crypto, local payment options, bank wire, debit cards, credit cards, and e-wallets. In terms of minimum and maximum deposit amounts, FXTM makes it clear that the limits for these are set by each payment provider. You can find the FXTM deposit minimum and maximum for each method in MyFXTM. This broker is available across the globe and allows traders from all over the opportunity to trade various financial instruments ranging from FX to metals, indices, and commodities, to mention a few. As you’ll find out in the following ForexTime FXTM review, this app stands out for its quick trades and withdrawals, which are facilitated by the MetaTrader platform. The customer service team offers support in 18 languages, is available 24/5 and there is also personalised support from an Account Service Manager.

1. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
2. FXTM also boasts impressive educational facilities for beginning traders, and it supports the MetaTrader platforms that offer many useful features for advanced traders.
3. I appreciate how they are multilingual as it shows the broker is catering to the global trading community.
4. The main ECN account has a £500 minimum deposit, market execution, £2 per lot commission and 62 types of instruments.
5. If you plan on diversifying into precious metals, you can trade spot gold and silver against the euro, the U.S. dollar and pound sterling via FXTM.
6. Precious metals are popular trading instruments that have been traded throughout history and can help to diversify an investment portfolio.

FXTM Trader – Forex Trading

I really like how they provide daily in-depth market analysis to help you keep up to date with the latest market news. If you are a beginner and looking for as much education as possible, CM Trading might be worth taking a look at. FXTM offers social trading features, allowing traders to copy the trades of experienced professionals. FXCM, on the other hand, does not have a dedicated social trading platform. However, both brokers provide tools and resources for traders to enhance their trading strategies. If you’re interested in social or copy trading, here’s a list of the best copy trading platforms.

Is online trading safe?

Last but not least, the STP broker has provided short Forex trading videos focused on concepts such as Forex Basics, Trading Basics and Technical Analysis. For example, FXTM offers a selection of free eBooks that cover topics such as 50 Successful Traders’ Habits, Elliott Wave Theory, Bitcoin trading, and Bullish and Bearish Candlestick Patterns. Now, after diving deep into both platforms and considering all aspects, it’s time to give our verdict. This way, it is quite easy for you to grasp the fundamentals of trading and even test your trading skills via your FXTM demo account if you are willing to explore the trading market. If you have a diverse portfolio, the FXTM trader app is a great opportunity to constantly monitor the performance of your assets right on your phone without any hassle. As a client of FXTM, you have the right to ask for the erasure of your data, request restriction of your data, request access to and correction of your data, and obtain your data for your purposes.

The MetaTrader 4 platform is still the most popular trading platform in the forex industry and it is very user friendly, has a quality charting offering, supports many languages and is secure. The FXTM ECN MT5 account has £2 per lot commissions and 36 types of fxtm forex broker review instruments to trade. The Strategy account has a £100 minimum deposit, is market executing, no commission is charged and there are 57 types of instruments available. One of the areas that FXTM has a lot of pride in is their diverse offering of account types.

ForexTime also releases weekly market analysis videos filled with expert advice about new trading strategies. When it comes to trading platforms, FXTM only offers the popular MetaTrader 4 platform. MT4 is available for PC and Mac, with desktop of web-based versions. The lack of support for MetaTrader 5 is definitely a mark against https://forexhero.info/ FXTM’s overall platform provision. FXTM offer 63 forex currency pairs you can trade and include all the major pairs with a solid selection of minor and emerging market pairs for more experienced traders. The main ECN account has a £500 minimum deposit, market execution, £2 per lot commission and 62 types of instruments.

Hi Amos, FXTM does not currently offer a bonus program with your deposit when founding your account. FXTM have multiple business entities, regulated by multiple financial authorities. 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. When trading on an FXTM Pro Account, you can be assured that you’ll never be re-quoted or charged a commission. Just direct access to deep pools of liquidity with absolutely minimal interference from FXTM.

At the same time, since FXTM is a member of the Cyprus Investor Compensation Fund, its clients will be compensated in the event of FXTM’s insolvency. Like most forex brokers, FXTM collects your information as required by regulatory bodies. However, the broker states that this information is kept confidential and not shared with unauthorized entities. FXTM provides two platforms in MT4 and MT5 to enable you to trade seamlessly while on the go. These platforms are quite easy to understand and navigate, so you should have no problems trading any asset of your choice. Whatever kind of trader you are, you can be confident that FXTM is a safe way to make foreign exchange trades.

On the individual stock side, there are 50 European stock CFDs and 123 from the US, which again is far from a comprehensive offering. There is a lot of comprehensive research conducted by FXTM on a daily basis for both technical and fundamental analysis. They have a team of experts in place who provide daily videos and blog post, as well as in-depth reports every quarter. We’re regulated and licensed under the FSC of the Republic of Mauritius and the UK’s FCA, among others.

Forex traders will receive different tier rebates depending on their trade volume. Additionally, FXTM offers iOS and Android mobile apps for MetaTrader 5, along with the FXTM Trader mobile app. The latter represents FXTM’s proprietary software that features state-of-the-art charting tools, one-click trading and trading across multiple devices. Opening a FXTM account is quite easy, but first, you will need to understand the different types of accounts offered so you can make the right choice based on your trading experience.

Whether you have a PC, Mac, mobile, tablet, then FXTM has an MT4 option for you. If you’re a more experienced trader who’s looking to take their trading to the next level, then FXTM’s market analysis is worth checking out. We are a globally regulated broker, and for the safety of all our clients we offer segregated funds protection.

FXTM offer bite-sized and accessible short educational trading videos to help you learn more about trading and the different concepts involved. I think those who are already well versed in trading probably won’t find anything new here. However, if you are new to trading then there is plenty to get your teeth stuck into. Note that this license is for forex, so FXTM are only licensed for this product. Also, Exinity Limited (the company that owns ForexTime brand & regulated with FSCA) has recently been approved as an ODP.

This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. Client funds are held in segregated accounts with prominent banks so that they cannot be used for any other purpose within the company. Eligible clients may be entitled to protection of funds under the Financial Services Compensation Scheme (FSCS). Although they don’t have a local phone number in South Africa, we still found their support (especially live chat) to be really exceptional in terms of their knowledge & response time.