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FXTM Review 2025: Is FXTM Scam or Legit Forex Broker ☑️ | ForexBrokersInfo.com

FXTM Review 2025

What is FXTM?

FXTM Website Screenshot

ForexTime (FXTM) is a multi-award-winning financial service and automated currency broker. Established in 2011, FXTM has grown over the years to serve over 3,000,000 retail investors. The platform offers a wide range of trading options, including Forex trading, Cryptocurrency trading, Indices trading, Stocks trading, Commodities trading, ETFs trading, and CFD trading. FXTM’s mission is to make trading accessible to everyone, believing that the excitement of trading should not be reserved for the few. The platform operates on three guiding principles: trust, transparency, and accessibility. FXTM is regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the UK. , ensuring a safe and secure trading environment. FXTM provides a variety of account types, including Micro Account, Advantage Account, and Advantage Plus Account. They also offer demo accounts for users to practice trading with zero risk. The platform supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and offers mobile trading. In addition to trading, FXTM places a strong emphasis on education. They provide a wealth of free online resources, including videos, a glossary, daily market analysis, and guides for beginners. They believe that knowledge is power and aim to equip their users with the skills needed to succeed in the market. FXTM also offers a copy trading service called FXTM Invest, where users can follow the strategies of experienced traders. This service is part of FXTM’s commitment to making trading accessible to everyone. Despite its global presence, FXTM is not allowed to operate in some major geo regions. However, it continues to be a leading platform in the areas it serves, providing exceptional value with super-tight spreads, low commissions, and pinpoint execution.

What is the Review Rating of FXTM?

Forexbrokersinfo.com is regularly checking the ratings of FXTM at forex broker review sites.
FXTM has been reviewed and rated by:
  • 55brokers: 55brokers rated FXTM with a score of 93. This rating was last checked at 2024-01-06 11:50:02. Forexbrokersinfo multiplies the 55brokers rating times 10 to normalize the rating to 100.
  • Brokersview: Brokersview rated FXTM with a score of 79. This rating was last checked at 2024-01-06 17:03:02. Forexbrokersinfo multiplies the 55brokers rating times 10 to normalize the rating to 100.
  • Trustpilot: Trustpilot rated FXTM with a score of 68. This rating was last checked at 2024-01-05 23:19:02. Forexbrokersinfo multiplies the 55brokers rating times 10 to normalize the rating to 100.
  • Wikifx: Wikifx rated FXTM with a score of 64. This rating was last checked at 2024-03-12 12:19:02. Forexbrokersinfo multiplies the 55brokers rating times 10 to normalize the rating to 100.
The Weighted Average Review Rating calculated by Forexbrokersinfo for FXTM is 54.

What are the Pros of FXTM?

FXTM, also known as ForexTime, is a well-regarded forex and CFD broker with several advantages that make it a strong choice for traders. Here are some of the key benefits:. Regulation and Security: FXTM is regulated by leading authorities, including the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Commission (FSC) of Mauritius. This regulation provides a level of security and trust for traders. Low Fees: FXTM offers low trading fees for both forex and CFDs. This makes it an affordable option for traders looking to maximize their profits. Fast and Digital Account Opening: The account opening process at FXTM is fast and fully digital. This makes it easy for new traders to get started. Customer Service: FXTM provides customer service in many languages, and the responses are generally fast and relevant. This ensures that traders can get the help they need when they need it. Wide Range of Trading Accounts: FXTM offers a wide range of trading accounts. This allows traders to choose the account type that best suits their trading style and needs. Educational Resources: FXTM offers a wide range of educational resources to help traders learn about the forex market and how to trade successfully. MetaTrader Platform: FXTM supports the popular MetaTrader 4 and MetaTrader 5 trading platforms. These platforms are widely used in the forex trading community and offer a range of features, including advanced charting tools. FXTM Invest: FXTM Invest is a copy trading app which connects clients to established investors with successful portfolios. This can be a great way for beginners to learn from those with proven strategies. However, it’s important to note that FXTM does have some drawbacks, including inactivity and withdrawal fees. , and a limited product portfolio. As with any broker, it’s important to carefully consider these factors before deciding to trade with FXTM.

What are the Cons of FXTM?

FXTM, also known as ForexTime, is a well-regulated international CFD and forex broker. However, like any financial service, it has its drawbacks. Here are some of the cons associated with FXTM:. Inactivity and Withdrawal Fees: FXTM charges an inactivity fee after 6 months of inactivity. This could be a disadvantage for traders who do not trade frequently. Additionally, each withdrawal through credit card and bank wire incurs a fixed commission. , which could add up for active traders. Limited Product Portfolio: FXTM’s product portfolio is limited. This could be a disadvantage for traders looking for a wide variety of trading instruments. Education Services: FXTM’s education services leave a lot to be desired. This could be a disadvantage for beginner traders who are looking to learn and grow their trading skills. Limited Availability: As of March 2021, FXTM ended retail operations in the European Economic Area (EEA) under CySEC regulation. Only professional clients will be able to use FXTM’s services in this region, limiting its availability to retail traders in the EEA. No cTrader Platform: FXTM does not offer the cTrader trading platform. , which could be a disadvantage for traders who prefer this platform. Higher than Average Spreads: The spreads at FXTM are higher than average. , which could impact the profitability of trades, especially for high-frequency traders. Please note that while these are some of the cons associated with FXTM, it’s important for each trader to consider their individual trading needs and goals when choosing a forex broker. It’s always recommended to do thorough research and consider multiple sources of information before making a decision.

What are the FXTM Current Promos?

FXTM, a renowned forex trading platform, offers a variety of promotions and contests to enhance the trading experience of its users. Here are some of the current promotions:. Forex Trade Bonus Promotions & Contests: FXTM provides frequent promotions to its loyal customers. These promotions come with terms and conditions that need to be read and accepted if you wish to take part. They also host exciting forex contests where traders can show off their trading skills. Participants compete with traders from around the world for amazing prizes, prestigious titles, and the chance to discover new market opportunities. Refer a Friend Program: FXTM offers a ‘Refer a Friend’ program. When you refer a friend to FXTM, both you and your friend receive $50. 30% Deposit Bonus: FXTM is currently running a 30% deposit bonus promotion. This promotion allows you to get an extra 30% on top of your deposit, up to $200. The promotion is exclusive to traders in certain regions. To avail of this bonus, you need to register for the 30% deposit bonus after reading and accepting the terms and conditions. Then, make an initial deposit of at least $50 to get your first 30% bonus. Please note that all promotions and contests come with terms and conditions that need to be read and accepted if you wish to take part. For any questions about the contests or promotions, FXTM’s Customer Support team is available to assist.

What are the FXTM Highlights?

FXTM, also known as ForexTime, is a leading player in the forex trading industry. Here are some of the key highlights:. MT4 Forex Trading Indicators: FXTM offers a comprehensive range of indicators for MetaTrader 4, the world’s most popular trading platform. These indicators help traders to personalize their trading experience and take it to the next level. Some of the key indicators include:. Orders Indicator: This tool allows traders to monitor their own trades and analyze other traders’ activity. Pip Value Calculator: It helps traders to find out the value of a 1 pip/point move on any instrument in the base currency of their trading account. Pivots SR Levels: This indicator provides a view of daily, weekly, and monthly pivot points and the corresponding support and resistance levels. Spread Indicator: It displays the current spread value in pips on the chart for the needed timeframes. Day Bar Info Indicator: This real-time indicator displays quotes with 4 and 5 decimal places. Trading Videos: FXTM provides a series of forex trading videos that cover a wide range of topics from trading basics and fundamentals to advanced tactics of technical analysis. These videos are designed to help traders get the most from the markets. FXTM Invest: This is a comprehensive and unique copy trading program for those looking to venture into investing. It offers clients the opportunity to follow the trades of suitable Strategy Managers. Customer Support: FXTM is known for its excellent customer support. Their team is always ready to guide traders and answer their questions. Research: FXTM is highly rated for its research capabilities. They provide traders with the latest market insights, helping them to develop their own unique skills and strategies. These highlights make FXTM a preferred choice for many forex traders. Whether you’re a beginner or an experienced trader, FXTM has the tools and resources to help you succeed in the forex market. Please note that trading involves risk and isn’t suitable for everyone. Always trade responsibly.

Is FXTM Legit and Trustworthy?

FXTM, also known as ForexTime, is a forex trading platform that has been the subject of various reviews and discussions. Regulation and Compliance FXTM is considered reliable as it is regulated by the top-tier FCA in the UK. This regulatory oversight comes from many of the most respected bodies in the industry. Customer Reviews However, customer reviews on Trustpilot present a mixed picture. Some customers have praised FXTM for its user-friendly platform and advanced features. They have also appreciated the responsive customer support. On the other hand, some customers have reported issues with document verification and withdrawal processes. There have been complaints about the withdrawal regulations being stringent and the document verification process being lengthy. Trading Experience In terms of trading experience, some users have reported good order execution but have also mentioned issues with the payment system. There have been instances where the payment system did not work when needed, leading to a margin call. Conclusion In conclusion, while FXTM is a regulated and compliant broker, potential users should be aware of the mixed customer reviews regarding the platform’s services. It’s always recommended to do thorough research and consider multiple sources before choosing a forex trading platform. Please note that this information is based on available online resources and may not be fully up-to-date or comprehensive. Always do your own research or consult with a financial advisor before making any investment decisions.

Is FXTM Regulated and who are the Regulators?

ForexTime (FXTM) is indeed a regulated entity in the realm of forex trading. It operates under the oversight of several respected financial regulatory bodies, ensuring a high level of trust and reliability for its clients. ForexTime Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC), holding CIF license number 185/12. This regulatory body ensures that financial markets and services in Cyprus align with EU financial regulations, providing a secure environment for traders. In addition to CySEC, ForexTime Limited is also licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614. The FSCA is responsible for market conduct regulation and supervision, aiming to enhance the efficiency and integrity of financial markets. Furthermore, FXTM is regulated by the Financial Services Commission (FSC) of the Republic of Mauritius. FXTM, under the entity Exinity Limited, holds an Investment Dealer License number C113012295 from the FSC. The FSC aims to foster fairness and efficiency in the financial sector. Lastly, FXTM is also regulated by the UK’s Financial Conduct Authority (FCA). The FCA is a reputable regulatory body that oversees the conduct of over 59,000 financial services firms in the UK. In conclusion, FXTM’s regulation by multiple respected financial authorities around the globe ensures a high level of trust, security, and professionalism, making it a reliable choice for forex trading. Please note that regulations can vary by region and it’s always a good idea to check the latest regulatory status before trading.

Did FXTM win any Awards?

FXTM, a global forex broker, has indeed been recognized with numerous awards. Over the past decade, they have won more than 45 awards for their education, technology, service, and trust. These accolades are a testament to FXTM’s commitment to providing an exceptional trading experience for their customers. One of the notable awards FXTM received was the “Best Trading Experience” at the 2020 World Finance Forex Awards. This award recognized FXTM’s innovative and client-centric approach. The company has been proactive in adapting to the shift in trading behavior with the increasing popularity of mobile trading. They have been commended for their efforts in continuously innovating and expanding the adaptation of different cutting-edge technologies to meet the needs of different traders. In addition to this, FXTM was named the “Best FX Broker in Asia” and also earned the award for “Best Trading Conditions” from World Finance magazine. These awards further highlight FXTM’s dedication to providing superior trading conditions and services to its clients. FXTM’s approach to trading costs is one of the reasons they’ve been recognized worldwide. They offer super-low commission rates and spreads from zero. Their rapid trade execution in milliseconds ensures that traders always get the best market price. Moreover, FXTM provides free educational resources to help traders build their skills. They have been praised for their transparency, particularly concerning risk. FXTM always informs clients that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. In conclusion, FXTM’s numerous awards and recognitions underscore their commitment to providing an exceptional customer service, education, and trading experience. Their continuous innovation and client-centric approach have set them apart in the competitive forex trading industry.

How do I get in Contact with FXTM?

FXTM, also known as ForexTime, is a leading player in the forex trading industry. They offer a variety of ways for clients and interested parties to get in touch with them. Phone Contact. FXTM can be reached by phone at two different numbers depending on your location. For international inquiries, you can call them at +357 25 55 87 77. If you are in the UK, you can contact them at +44 20 3514 1251. Email Contact. For those who prefer to communicate via email, FXTM provides a dedicated email address: support@forextime.com. This email can be used for a variety of inquiries, from account opening questions to platform access issues. Live Chat. FXTM also offers a live chat feature on their website. This can be a quick and convenient way to get answers to your questions in real-time. Social Media. You can also reach out to FXTM through their Facebook page. Simply like and follow FXTM on Facebook, find them using the top search bar, and start chatting. Customer Support Availability. FXTM’s customer support is available to assist you with your needs. Their hours of operation are from Monday to Friday, 24 hours a day, and limited hours on the weekends. Remember, trading forex involves risk, and it’s important to understand the market before you start trading. FXTM offers educational resources to help you learn more about forex trading. They also provide a demo account where you can practice trading with zero risk. Please note that all trading involves risk, and you should only trade with money that you can afford to lose. Always do your own research and consider seeking advice from a financial advisor if you’re unsure. Happy trading!.

Where are the Headquarters from FXTM based?

FXTM, also known as ForexTime, is a leading player in the foreign exchange trading market. The company’s headquarters are located in Kato Polemidia, Lamprou Konstantara 35, Cyprus. This strategic location in Cyprus positions FXTM in a region known for its strong financial services sector. In addition to its headquarters, FXTM has established a presence in other locations. The company has two additional offices in Nigeria, one in Abuja and another in Port Harcourt. This international footprint allows FXTM to serve a diverse client base and cater to the needs of traders around the globe. FXTM is committed to providing a trustworthy and transparent trading environment. It is registered with the Financial Conduct Authority of the UK. , which provides traders with an additional layer of security and peace of mind. The company offers a wide range of trading instruments, including Forex, major currency pairs, spot metals, CFD commodities, stocks, and indices. This extensive offering enables traders of all experience levels to find opportunities in the global markets. In conclusion, FXTM is a globally recognized forex broker with its headquarters in Cyprus and additional offices in Nigeria. The company is committed to transparency, trust, and providing a wide range of trading options for its clients.

What kind of Customer Support is offered by FXTM?

FXTM, a leading global broker in the forex market, offers a comprehensive customer support system to assist its clients. The support team is available from Monday to Friday, 8am to 6pm (GMT+2/GMT+3 during DST). The customer support team can be reached via email at support@forextime.com. They are equipped to handle queries regarding any part of the client’s experience, from registration and downloading the platform to accessing MyFXTM. In addition to email, FXTM also provides support through social media platforms. Clients can add the FXTM number to their contact list and start chatting. They can also find FXTM by searching on the top search bar on Facebook. FXTM is committed to providing a seamless trading experience for its clients. With friendly customer support, the latest technology, and a range of account types, FXTM aims to cater to the diverse needs of its clients. The broker also offers educational resources to help clients learn to trade at their own pace. This includes a free demo account where clients can practice trading with zero risk. In summary, FXTM’s customer support is designed to provide a comprehensive, user-friendly experience for its clients, ensuring they have the necessary resources and assistance to navigate the forex market effectively.

Which Educational and Learning Materials are offered by FXTM?

FXTM, a renowned forex trading platform, offers a wide range of educational and learning materials to help both beginners and advanced traders. Here’s a detailed overview:. Knowledge Hub FXTM’s Knowledge Hub. is a comprehensive resource for traders to learn trading for free. It offers in-depth articles and guides on various topics related to forex trading. Some of the key topics covered include:. Choosing The Best Forex Broker: This section provides insights into selecting the best forex broker, which is a critical first step in forex trading. The Stochastic Oscillator: Traders can learn how to buy and sell with the Stochastic Oscillator, discover Stochastics and Divergence, and the Combination of Stochastics with RSI. Forex Scalping Guide: This guide provides detailed information on forex scalping. How to Trade Cryptocurrency: This step-by-step guide helps traders take their crypto trading to the next level. FXTM Mid-Year Market Report: This report provides expert analysis and forecasts on market trends. Oil Commodity Trading: This section provides basics of oil trading, including what impacts oil prices. What is Forex Trading and How Does It Work?: This comprehensive beginners guide helps traders take their first steps into FX trading. Trading Videos In addition to the Knowledge Hub, FXTM also offers a series of forex trading videos. These videos cover a wide range of topics from trading basics and fundamentals to advanced tactics of technical analysis. Some of the key videos include:. When Should Traders Buy or Sell?: This video provides tips on when to enter and exit a trade. What is your Balance?: This video explains the concept of balance in forex trading. Introducing FXTM Invest: This video introduces FXTM Invest, a comprehensive and unique copy trading programme. What is Risk Level in FXTM Invest?: This video explains the concept of Risk Level in FXTM Invest. What is Profit Share in FXTM Invest?: This video provides insights into the concept of Profit Share in FXTM Invest. What is the Safety Mode in FXTM Invest?: This video explains the concept of Safety Mode in FXTM Invest. What is the Protection Level in FXTM Invest?: This video explains the concept of Protection Level in FXTM Invest. How FXTM Invest works: This video provides a detailed overview of how FXTM Invest works. In conclusion, FXTM provides a comprehensive suite of educational and learning materials, making it a great platform for both beginners and advanced forex traders. Whether you prefer reading in-depth articles or watching informative videos, FXTM has got you covered.

Can anyone join FXTM?

ForexTime, commonly known as FXTM, is a global online financial trading platform where individuals can trade in forex and other financial instruments. However, not everyone can join FXTM due to certain eligibility criteria. Firstly, to participate in FXTM, one must be a Client of FXTM, eligible to trade in accordance with the Operative Agreements. The Operative Agreements govern all the trading activity of the Client with FXTM. Secondly, there are certain geographical restrictions. For instance, the Advantage MT5 Account is not available for residents of the United Kingdom. Moreover, the “Refer a Friend Program” excludes Clients who reside in Ukraine, Russia, Belarus, and countries included in regional restriction countries on the FXTM website. Lastly, there are specific requirements for each account type. For example, each account type has a minimum deposit requirement. Also, the “Refer a Friend Program” requires the Referral to meet the Trading Terms as per the program’s terms. In conclusion, while FXTM provides a platform for financial trading, its services are not universally available. Prospective clients should carefully review the eligibility criteria and terms of service before attempting to register.

Who should sign up with FXTM?

ForexTime, also known as FXTM, is a platform that caters to a wide range of traders and investors. Here are some categories of individuals who might find FXTM beneficial:. Beginner Traders: FXTM provides a free demo account. which allows beginners to practice trading without risking real money. This feature is particularly useful for those who are new to forex trading and want to understand the dynamics of the market before investing their capital. Experienced Traders: For seasoned traders, FXTM offers raw spreads and a low minimum deposit. , making it a cost-effective platform for trading. Additionally, FXTM is regulated by multiple international financial bodies, including the CySEC, FCA & FSC. , ensuring a secure and transparent trading environment. Investors Interested in a Variety of Assets: FXTM offers a wide range of trading instruments, including stocks, forex, indices, CFDs, commodities, and cryptocurrencies. This diversity allows traders to diversify their portfolio and hedge against risks. Traders Looking for Educational Resources: FXTM has a great education section. that provides quality learning tools. This can be beneficial for traders who are keen on improving their trading skills and knowledge. Traders Interested in Copy Trading: FXTM offers a copy trading tool. which allows traders to mimic the trading strategies of professional traders. This can be particularly useful for those who lack the time or expertise to develop their own trading strategies. Professional Clients: FXTM also caters to professional clients, but they must satisfy certain criteria before they can continue. In conclusion, FXTM is a versatile platform that caters to a wide range of traders and investors. Whether you’re a beginner looking to dip your toes into forex trading, or an experienced trader seeking a reliable and feature-rich platform, FXTM could be a great choice.

Who should NOT sign up with FXTM?

ForexTime, also known as FXTM, is a well-regulated international CFD and forex broker. However, it may not be the right choice for everyone. Here are some types of traders who might want to consider other options:. Traders who prefer a wide range of trading instruments: FXTM’s product portfolio is somewhat limited. If you’re a trader who likes to diversify your investments across a wide range of instruments, you might find FXTM’s offerings insufficient. Traders who are inactive: FXTM charges an inactivity fee after 6 months of inactivity. If you’re not planning to trade regularly, these fees could eat into your capital. Traders who frequently withdraw funds: Each withdrawal through credit card and bank wire incurs a fixed commission. If you frequently need to withdraw funds, these fees could become a significant expense. Traders who prefer the cTrader platform: The cTrader trading platform is not available with FXTM. If you’re accustomed to using cTrader, you’ll need to adjust to a different platform with FXTM. Traders who prefer low spreads: FXTM’s spreads are higher than average. If you’re a trader who prefers to work with low spreads, you might find FXTM’s spreads too high for your liking. Traders based in certain regions: As of March 2021, FXTM ended retail operations in the European Economic Area (EEA) under CySEC regulation. Only professional clients will be able to use FXTM’s services in this region. Similarly, local phone support is not available in Malaysia. . In conclusion, while FXTM has many strengths, including low fees, fast account opening, and good customer service. , it may not be the best fit for everyone. It’s important for traders to consider their individual needs and trading habits before choosing a forex broker.

Does FXTM offer Discounts, Coupons, or Promo Codes?

FXTM, also known as ForexTime, is a forex broker that offers a variety of trading instruments. They do offer discounts, coupons, and promo codes, which can enhance your trading experience. FXTM Promo Code The FXTM promo code is a unique feature that unlocks exclusive bonuses for your trading adventures. It’s like a magical phrase that, once entered into the designated place on the website, opens up a treasure chest of bonuses. How to Use the FXTM Promo Code Using the FXTM promo code is simple. After creating an FXTM account, you enter the promo code in the designated field, and voila! You’re now part of the ‘in’ crowd with bonus benefits. Advantages and Disadvantages of the FXTM Promo Code The biggest advantage of the FXTM promo code is the exclusive bonuses it provides. These bonuses can give you extra trading funds, benefiting both rookie traders looking to get their feet wet and pros seeking to expand their trading assets. However, some bonuses come with specific conditions, like minimum deposit requirements. Value of FXTM Promo Code The FXTM promo code is instrumental in maximizing your potential profits at ForexTime. These bonus benefits can significantly enhance your trading scope and confidence. Forex Trade Bonus Promotions & Contests FXTM also offers forex trade bonus promotions and contests. These promotions come with terms and conditions that need to be read and accepted if you wish to take part. They also have a ‘Refer a Friend’ program where you can earn $50 for you and your friend. In conclusion, FXTM does offer discounts, coupons, and promo codes that can enhance your trading experience. However, it’s important to read and understand the terms and conditions associated with these offers.

Which Account Types are offered by FXTM?

FXTM, a renowned forex trading platform, offers a variety of account types tailored to meet the diverse needs of traders. Here’s a detailed overview:. Micro Account. : This account type is perfect for those who want to start small. With a minimum deposit of just $10, it allows traders to trade the biggest markets worldwide. The Micro account uses instant execution and offers leverage from 1:3 to 1:1000. Advantage Account. : This is FXTM’s most popular account type. It offers zero spreads, commission-free stock trading, and lightning-fast execution. The minimum deposit for this account is $500. , and it uses market execution. The leverage can go up to 1:2000. Advantage Plus Account. : This account type offers all the benefits of the Advantage account, with the added benefit of zero commissions. However, the spreads are wider. The minimum deposit, order execution type, and leverage are the same as the Advantage account. In addition to these, FXTM also offers other account types such as the Stocks Account, Standard Account, Cent Account, ECN Account, ECN Zero Account, Stock CFDs Account, and FXTM Pro Account. Each account type is equipped with unique settings and terms, tailored to your trading and investment goals. All account types are available in demo mode, allowing you to explore the many benefits each has to offer using virtual funds under real market conditions. This is a great way for new traders to get a feel for the platform and for experienced traders to test out new strategies. Please note that trading is risky and it’s important to understand the terms and conditions associated with each account type before you start trading.

How to Open a FXTM LIVE Account?

Opening a FXTM LIVE account is a straightforward process that involves a few key steps. Here’s a detailed guide on how to do it:. Step 1: Visit the FXTM Website Start by visiting the FXTM Global website. This is the official platform where you can access all the services offered by FXTM, including opening a live trading account. Step 2: Navigate to the Registration Page On the FXTM Global website, navigate to the registration page. This is where you’ll start the process of opening your live account. Step 3: Fill Out the Registration Form On the registration page, you’ll find a form that you need to fill out with your personal information. This includes details like your name, email address, country of residence, and phone number. Make sure to provide accurate information as this will be used for account verification. Step 4: Choose the Type of Live Account FXTM offers different types of live accounts, each with its own features and benefits. Choose the one that best suits your trading needs and preferences. Step 5: Complete the Application After filling out the form and choosing your account type, complete the application process by following the instructions provided on the website. Step 6: Deposit Funds Once your application is approved, you’ll need to deposit funds into your account to start trading. FXTM offers various deposit methods, so choose the one that’s most convenient for you. Step 7: Start Trading With funds in your account, you’re now ready to start trading forex, spot metals, and CFDs on MetaTrader 4 or 5. Remember, trading is risky and it’s important to understand the risks involved before you start. That’s it! You’ve now opened a FXTM LIVE account and are ready to start trading. Happy trading!.

How to Open a FXTM DEMO account?

Opening a FXTM Demo account is a straightforward process that allows you to practice trading in a risk-free environment. Here’s a step-by-step guide:. Register or Log In to MyFXTM: The first step is to visit the FXTM website. and register for a new account or log in to your existing MyFXTM account. Choose Your Account Type and Select ‘Demo’: FXTM offers four different types of demo accounts: Standard Account, Micro Account, Advantage Account, and Advantage Plus Account. Choose the one that best suits your trading needs and select the ‘Demo’ option. Start Trading, Risk-Free!: Once you’ve set up your demo account, you can start trading. Remember, this is a risk-free environment, so take this opportunity to explore the platform, test your trading strategies, and familiarize yourself with the world of forex trading. A demo trading account is a type of account that is funded with entirely virtual money, but still includes all of the functionalities and technical indicators as a live account. This makes it the perfect tool if you’re new to trading, as you can become familiar with the fundamentals of both your trading platform and the financial markets themselves before you start trading with real funds. There are numerous advantages to having a demo account. For beginners, it enables you to learn how to open and close positions, read price charts and practice using trading in complete safety until you’re ready to transition to a live trading environment. You’ll be practicing under real market conditions, which is a great way to get to grips with risk management. A demo account is also a must-have for more experienced traders to continue honing and improving your existing trading skills. Remember, trading is risky and it’s important to understand the risks involved before you start trading with real money. Happy trading!.

How Are You Protected as a Client at FXTM?

As a client at FXTM, you are protected in several ways:. Investor Protection: FXTM offers investor protection to some or all of its clients. This protection guarantees the return of your money if the broker goes bankrupt. The level of protection and the regulator differ from entity to entity. Here are the details of FXTM’s legal entities and their respective protection amounts. ForexTime Limited (for professional EEA (except UK) and South Africa clients): €20,000 protection, regulated by the Cyprus Securities and Exchange Commission (CySEC), and licensed by the Financial Sector Conduct Authority (FSCA) of South Africa. Exinity UK Ltd. (for United Kingdom clients): £85,000 protection, regulated by the Financial Conduct Authority (FCA). Exinity Ltd. (for International clients): No standard protection, but it is a member of The Financial Commission, which aims to resolve disputes within the financial services industry. It offers a maximum €20,000 protection but it is not a certain guarantee, and not all clients are eligible as not the entire client base is covered. Negative Balance Protection: FXTM provides negative balance protection for forex spot and CFD trading. Segregated Funds Protection: FXTM is regulated in multiple jurisdictions and offers full segregation of funds for retail clients. This means that your funds are held with top-tier banks, fully segregated from the assets of the firm. Protection Level in FXTM Invest: FXTM Invest allows investors to have control over their funds. Investors can set a limit to their investment themselves, as a way to mitigate risk and protect their equity. This is called Protection Level. Please note that the availability and extent of these protections may vary depending on your location and the specific FXTM entity with which you hold your account. Always ensure to understand the terms and conditions associated with these protections.

Which Funding methods or Deposit Options are available at FXTM?

FXTM, a renowned forex trading platform, offers a variety of funding methods and deposit options for the convenience of its users. Here are some of the options available:. Credit Cards: FXTM accepts Visa, Mastercard, and Maestro. The processing time is typically 2 hours. E-Wallets: Options include VIP Skrill/Moneybookers, VIP Neteller, and Dotpay, with a processing time of 2 hours. Bankwire: Deposits can be made through Hellenic Bank with a processing time of 3-5 business days. Local Transfers: FXTM supports local transfers in various countries. For instance, in India, users can deposit and withdraw funds in INR with no commission and a processing time of 24 hours. In Nigeria, instant bank transfers are available in NGN with no commission. Equity Bank Transfer: Users can deposit and withdraw funds in KES/USD/EUR. The processing time is 1-2 business days. Ghanaian Local Transfer: This option is available for deposits and withdrawals in GHS with a processing time of 24 hours. Africa Local Solutions: This option supports multiple currencies including KES, ZAR, RWF, TZS, and UGX. The processing time is 1-2 business days for deposits and 48 hours for withdrawals. M-Pesa: Available for deposits and withdrawals in KES with instant processing time. FasaPay: This option supports USD and IDR. The processing time is instant for deposits and 24 hours for withdrawals. Please note that the availability of these options may vary based on the user’s location and other factors. It’s always a good idea to check the latest information on the FXTM website or contact their customer support for any specific queries.

What is the Minimum Deposit Amount at FXTM?

The minimum deposit amount at FXTM (ForexTime) varies depending on the type of live trading account you choose to register. Here are the details:. Micro Account: The minimum deposit for a Micro Account at FXTM is USD 10. Advantage and Advantage Plus Accounts: The minimum deposit for these accounts can range up to USD 500. It’s important to note that FXTM offers a wide variety of payment methods, including local banking, credit cards, E-wallets, and more. The processing time for deposits can vary depending on the method chosen, but many options offer instant processing. Before you can start trading, you’ll need to complete the registration and verification process. Once your account is set up and funded, you’re ready to start trading. Please note that trading in forex involves risk, and it’s important to understand the terms and conditions before you start trading. Always consider seeking advice from a financial advisor if you’re unsure. Happy trading!.

Which Withdrawal methods are available at FXTM?

FXTM, a renowned forex trading platform, offers a variety of withdrawal methods to cater to the diverse needs of its global clientele. Here are some of the key withdrawal methods available:. Credit Cards: FXTM accepts Visa, Mastercard, and Maestro. The processing time is typically 2 hours, and the fees are 2 EUR/3 USD/2 GBP. E-Wallets: FXTM supports various e-wallets including VIP Skrill/Moneybookers and VIP Neteller. The processing time for these methods is usually 2 hours, and there are no commission fees. Bankwire: FXTM allows withdrawals via Hellenic Bank. The processing time for bank wire transfers is 24 hours, and the fee is 20 EUR. Local Transfers: FXTM supports local transfers in various countries. For instance, in India, the processing time for both deposits and withdrawals is 24 hours, and there are no commission fees. In Nigeria, the processing time is instant. Other Methods: FXTM also supports other withdrawal methods such as Western Union Quick Pay, Dotpay, Bitcoin via Skrill, and PayPal. It’s important to note that the processing times and fees can vary depending on the method chosen. FXTM strives to provide secure and efficient ways for clients to manage their funds, ensuring a seamless trading experience.

Which Fees are charged by FXTM?

FXTM, a renowned online multi-asset broker, offers a competitive fee structure that caters to a wide range of trading strategies. Here’s a detailed breakdown of the fees charged by FXTM:. Trading Fees:. Spreads: FXTM charges a trading fee in the form of spreads, which is the difference between the bid and the ask price of an asset. The spreads at FXTM range from a minimum of 0.0 pips to 1.5 pips. Commission: Another form of trading fee at FXTM is the commission, which ranges from $0.80 to $4.00 per standard lot. Swap Rates on Leveraged Overnight Positions: FXTM also charges a trading fee for leveraged overnight positions. It’s important to note that positive swap rates do exist. Live Price Feed / Stamp Duty/ Settlement Fee: This trading fee is only applicable on Hong Kong-listed equities. Non-Trading Fees:. Deposit Fee: FXTM does not charge a deposit fee, but third-party costs may apply. Withdrawal Fee: While FXTM does charge a withdrawal fee, six payment processors offer zero fees. Inactivity Fee: If an account remains inactive for six months, FXTM charges a monthly inactivity fee of $5. Account Fee: FXTM trading accounts are free of charge. Currency Conversion Fee: If necessary, FXTM charges a currency conversion fee, with rates updated daily. It’s worth noting that trading with FXTM involves fees from $0.4 USD, and the spreads start from 0.0 Pips. The minimum deposit amount required to register an FXTM live trading account ranges from $10 USD to $500 USD. The FXTM Advantage account, which requires a minimum deposit of $500, presents traders with one of the cheapest pricing environments. In conclusion, FXTM’s fee structure is designed to accommodate various trading strategies, making it a viable choice for algorithmic traders, scalpers, and high-frequency strategies. However, traders must be aware of these fees to understand their trading costs and how they compare to other brokers.

What can I trade with FXTM?

FXTM, also known as ForexTime, offers a wide range of trading instruments for its clients. Here are the key categories:. Forex: FXTM provides access to the global forex market, where you can trade various currency pairs. The forex market is the largest and most liquid financial market in the world, with over $6 trillion traded daily. Spot Metals: In addition to forex, you can also trade spot metals with FXTM. This includes precious metals like gold and silver, which are often used as safe-haven assets during times of economic uncertainty. CFDs: Contract for Differences (CFDs) are derivative products that allow you to speculate on the rising or falling prices of fast-moving global financial markets. With FXTM, you can trade CFDs on forex, indices, commodities, and stocks. Stocks: FXTM allows you to trade real stocks, giving you ownership of a piece of a company. This is available for non-EU clients. Indices, Commodities, and More: FXTM offers a wide choice of markets including metals, stocks, stock CFDs, indices, FX and commodities. This allows you to diversify your trading portfolio and take advantage of different market conditions. Please note that trading involves risk and it’s important to understand the markets and instruments you are trading with. FXTM provides educational resources to help you learn more about trading. They also offer a demo account where you can practice trading with zero risk.

Which Trading Platforms are offered by FXTM?

FXTM, a renowned forex trading platform, offers two primary trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are universally popular among traders of all experience levels around the world. MetaTrader 4 (MT4) is a well-established platform, complete with MQL4, Expert Advisors, and VPS trading. It’s available on PC, Mac, mobile, and tablet, providing flexibility for traders to operate anytime and anywhere. MetaTrader 5 (MT5), on the other hand, is a more advanced platform that offers additional features compared to MT4. Some of the key differences between MT4 and MT5 include. Order execution types: MT4 has 3, while MT5 has 4. Partial order filling policies: MT5 supports this, but MT4 does not. Pending Order Types: MT4 has 5, while MT5 has 6. Netting: Only MT5 supports this. Hedging: Both platforms support this. Market Depth: Only MT5 provides this feature. Technical Indicators: MT4 has 30, while MT5 has 38. Graphical Objects: MT4 has 37, while MT5 has 44. Timeframes: MT4 has 9, while MT5 has 21. Economic Calendar: Only MT5 has this feature. Email system: MT5 has an email system with attachments, while MT4 does not. Strategy tester: MT5’s strategy tester is multi-threaded, multi-currency, and uses real tick data, while MT4’s is single-threaded. Both MT4 and MT5 are free to download on PC, Mac, mobile, and tablet. They also offer mobile trading apps, allowing traders to stay on top of every trade. For desktop traders, both platforms provide a full technical analysis toolkit. For traders seeking simplicity, FXTM offers WebTrader for MT4, which doesn’t require any download. As long as you’re online, you’re good to go. In conclusion, FXTM provides a range of trading platforms to suit different trading needs and preferences. Whether you’re a beginner or an experienced trader, FXTM has a platform that can help you navigate the forex market effectively.

Which Trading Instruments are offered by FXTM?

FXTM, a globally recognized broker, offers a wide range of trading instruments to cater to the diverse needs of traders worldwide. These instruments span across various asset classes, providing numerous opportunities for traders to speculate and profit from market movements. Forex: FXTM provides access to the forex market 24 hours a day, 5 days a week, allowing traders to trade the most popular major, minor and exotic currency pairs. With approximately $5 trillion exchanged every single day, forex is the most liquid market in the world, full of potential profit opportunities. Metals: Traders can speculate on the price movements of precious metals as an alternative investment option. Metals, such as gold, can be traded against the dollar with spreads as low as 0.0 on FXTM’s most popular account. As potential safe haven assets, metals are popular amongst traders when markets are especially volatile. Commodities: FXTM offers trading opportunities in some of the world’s largest oil and natural gas markets. Traders can speculate on the prices of Crude or Brent Oil, and Natural Gas. Diversifying one’s portfolio by trading commodities can help make the most of today’s market moves. Indices: FXTM provides access to the biggest headline indices from all over the world, including S&P500 and UK100. Market indices can be traded as CFDs with FXTM, offering the flexibility of long trading hours to suit various investment and trading needs. Mini indices are also available for more affordable orders. Stocks and Stock CFDs: FXTM offers opportunities to trade in stocks and stock CFDs. This allows traders to speculate on the price movements of their favourite stocks. In conclusion, FXTM’s wide range of trading instruments, coupled with its reputation in the industry, makes it a preferred choice for many traders globally.

Which Trading Servers are offered by FXTM?

FXTM, a renowned player in the forex trading market, offers a variety of trading servers for both live and demo accounts. These servers cater to different types of accounts, each designed to meet the specific needs of traders. Standard Account: The servers for the Standard Account are as follows: Live: dc1.mt4standard.forextime.com, dc2.mt4standard.forextime.com, dca1.mt4standard.forextime.com:444 Demo: dc1.mt4standard-demo.forextime.com, dc2.mt4standard-demo.forextime.com, dca1.mt4standard–demo.forextime.com:444 . Cent Account: The servers for the Cent Account are as follows: Live: dc1.mt4cent.forextime.com, dc2.mt4cent.forextime.com, dca1.mt4cent.forextime.com:444 Demo: dc1.mt4cent-demo.forextime.com, dc2.mt4cent-demo.forextime.com, dca1.mt4cent-demo.forextime.com:444 . ECN Zero Account: The servers for the ECN Zero Account are as follows: Live: dc1.mt4ecnzero.forextime.com, dc2.mt4ecnzero.forextime.com, dca1.mt4ecnzero.forextime.com:444 Demo: dc1.mt4ecn-zero-demo.forextime.com, dc2.mt4ecn-zero-demo.forextime.com, dca1.mt4ecn-zero-demo.forextime.com:444 . ECN Account: The servers for the ECN Account are as follows: Live: dc1.mt4ecn.forextime.com, dc2.mt4ecn.forextime.com, dca1.mt4ecn.forextime.com:444 Demo: dc1.mt4ecn-demo.forextime.com, dc2.mt4ecn-demo.forextime.com, dca1.mt4ecn-demo.forextime.com:444 . FXTM ECN MT5: The servers for the FXTM ECN MT5 are as follows: Live and Demo: dc1.mt5.forextime.com, dc2.mt5.forextime.com . FXTM Pro: The servers for the FXTM Pro are as follows: Live and Demo: dc1.mt4pro.forextime.com, dc2.mt4pro.forextime.com, dca1.mt4pro.forextime.com:444 . It’s important to note that the server names and addresses may change in the future. Moreover, FXTM also offers VPS trading. By joining forces with leading third-party service providers, eligible clients can host their virtual PCs on FXTM’s cloud servers, using PCs and mobile devices with Remote Desktop Protocol (RDP). This provides traders with access to over 250 financial instruments including 60 FX pairs, indices, shares and more. Lastly, the trading server that you can use for your trading account is normally specified. Each trading server has different ping, the latency of the connection from your device. For instance, FXTM server is located in Amsterdam with just latency of just 3.3 ms.

Can I trade Crypto with FXTM? Which crypto currencies are supported by FXTM?

Yes, you can trade cryptocurrencies with FXTM. FXTM offers the opportunity to trade crypto CFDs, which allow you to speculate on the price movement of cryptocurrencies without having to own or store the actual coins. This provides easy access to popular cryptos and the potential to profit from rising and falling markets. FXTM supports trading of 11 leading cryptocurrencies, including Bitcoin and Ether, with tight spreads and small minimum volumes. However, there are only four major cryptocurrencies available to trade with FXTM, all against the USD. These are Bitcoin, Ethereum, Ripple, and Litecoin. All these cryptocurrencies are traded as CFDs. FXTM provides the flexibility to go long or short to take advantage of rapid price movements in both directions. You can increase your buying power and potential profits with leverage up to 1:100. However, it’s important to note that leverage can also increase your losses. FXTM is licensed and regulated in multiple jurisdictions worldwide, and backed by 25 years of trading expertise. You can start trading crypto CFDs by opening an FXTM account. Please note that trading is risky and your capital is at risk. Always make sure to understand the risks involved before you start trading. If you have any questions, FXTM’s Customer Support team is more than happy to answer them.

What is the Leverage on my FXTM Trading Account?

Leverage on your FXTM trading account is a powerful tool that can amplify your trading capacity. It allows you to control a larger position with a smaller amount of capital. However, it’s important to remember that while leverage can magnify your profits, it can also magnify your losses. FXTM offers different levels of leverage based on the trading instrument. The leverage is fixed and can go up to a maximum of 1:30. However, FXTM also offers a maximum leverage of 1:2000. , but this might be under certain conditions or for certain account types. Here are some examples of the leverage offered by FXTM for different instruments. Forex: Leverage for instruments like CADCHF, CADJPY, CHFJPY, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, USDCAD, USDCHF, USDJPY is 1:30. For others like AUDCAD, AUDCHF, AUDNZD, AUDSGD, CHFSGD, EURDKK, EURNOK, EURNZD, EURSEK, EURSGD, GBPNZD, NZDCAD, NZDCHF, NZDSGD, SGDJPY, USDDKK, USDHKD, USDNOK, USDSEK, AUDJPY, AUDUSD, EURAUD, GBPAUD, NZDJPY, NZDUSD, CHFNOK, CHFPLN, EURHKD, EURPLN, GBPDKK, GBPHUF, GBPNOK, GBPPLN, GBPSEK, GBPSGD, HKDJPY, USDCNH, USDHUF, USDMXN, USDPLN, USDSGD, USDZAR, it is 1:20. Please note that TRY and CZK pairs have a fixed leverage of 1:3 for TRY and 1:5 for CZK pairs. Metals: Leverage for instruments like XAUEUR, XAUGBP, XAUUSD is 1:20 and for XAGEUR, XAGUSD it is 1:10. Indices: Leverage for indices like Australia 200, France 40, Germany 40 (Mini), Japan 225, US Tech 100 (Mini), Europe 50, UK 100, Hong Kong 50 is 1:5. For Spain 35, India 50, FTSE China A 50, US Dollar Index it is 1:10. Commodities: Leverage for commodities like UK Brent (Spot), US Crude (Spot), US Natural Gas (Spot) is 1:10. Shares: Leverage for CFD US Shares is 1:5. It’s crucial to understand your necessary margin requirements beforehand to apply good risk management and avoid any unnecessary margin calls resulting in the closing of a position due to not enough margin in your account. Remember, trading leveraged products has the potential to increase losses as well as profits. Please trade carefully. I hope this information helps you understand the leverage on your FXTM trading account better. If you have any more questions, feel free to ask!.

What kind of Spreads are offered by FXTM?

FXTM, a renowned player in the Forex market, offers a variety of spreads to cater to the diverse needs of traders. The spread is essentially the difference between the Bid and Ask price, expressed in pips or points. One of the key aspects that sets FXTM apart is its competitive spreads. Depending on the account type selected by the trader, the spreads can start from as low as 0.0 Pips. This low spread offering is particularly beneficial for active traders, who can take advantage of minute price movements in the market. Moreover, FXTM’s contract specifications provide detailed information about the minimum spreads, pip value, and swap for each instrument on offer. This transparency allows traders to make informed decisions and strategize their trades effectively. For instance, the Australian Dollar/Japanese Yen (AUDJPY) pair has a minimum spread of 0.1, a pip value of 10 per 0.01 lot, and swap values of -15.49 for short positions and 8.08 for long positions. These specifications vary across different currency pairs and instruments, providing traders with a wide range of options to choose from based on their trading preferences and strategies. It’s important to note that trading with FXTM may also involve fees from $0.4 USD. However, the firm offers commission-free trading depending on the account type, which can significantly reduce the cost of trading for the users. In conclusion, FXTM’s diverse spread offerings, coupled with its transparent contract specifications and competitive fees, make it a preferred choice for many Forex traders.

Does FXTM offer MAM Accounts or PAMM Accounts?

The search results do not provide specific information about whether FXTM offers MAM (Multi-Account Manager) or PAMM (Percentage Allocation Management Module) accounts. It is recommended to directly contact FXTM for the most accurate and up-to-date information. However, here’s some general information about MAM and PAMM accounts in the context of forex trading:. MAM Accounts MAM accounts allow fund managers to manage multiple accounts from a single account without having to create an investment fund. The performance (profits and losses) of a MAM account manager is distributed among the managed accounts. The clients’ managed accounts are connected to the account manager’s main account and all trades made by the manager are reflected proportionally in the clients’ accounts. PAMM Accounts PAMM accounts feature a management module that distributes the sizes of trades according to an allocation percentage. This solution is offered by many forex brokers for investors and fund managers. With a PAMM account, an investor can also allocate a percentage of his account to one or more managers. The manager’s PAMM account is a large “main account”, whose capital is equal to the sum of the sub-accounts. Both MAM and PAMM accounts provide managers with a high level of control needed to maximize returns from forex trading. They are popular tools in the world of forex investing, allowing retail investors to tap into the expertise of professional traders.

Does FXTM allow Expert Advisors?

FXTM, also known as ForexTime, is a leading broker for emerging and frontier markets. It offers upgraded MT4/MT5 trading platforms, a proprietary copy trading service, and quality research and education. One of the key features of FXTM is its support for Expert Advisors (EAs). EAs are automated trading systems that can execute trades on behalf of the trader based on pre-set conditions. These systems are particularly useful for high-frequency traders and scalpers, as they can execute trades much faster and more accurately than a human trader. FXTM’s support for EAs is part of its commitment to providing a competitive edge for its traders. This is further demonstrated by its excellent commission-based Forex pricing environment and transparency. Moreover, FXTM also offers deep interbank liquidity and allows for logarithmic trading. This means that traders can take advantage of tight spreads and high leverage, which can be as high as 1:1,000 depending on the market conditions and account type. In addition to supporting EAs, FXTM also provides a demo account that is ideal for testing strategies and EAs. This demo account is available for both MT4 and MT5 platforms and allows traders to select the demo account balance and leverage. While no demo account can simulate live trading conditions, the options available at FXTM come as close as possible to doing so. In conclusion, FXTM does allow Expert Advisors, making it a suitable choice for traders who wish to automate their trading strategies. Its support for EAs, along with its other features such as deep interbank liquidity, logarithmic trading, and a competitive Forex pricing environment, make FXTM a strong choice for both beginner and experienced traders.