FXTM provides a range of commodity CFDs covering spot metals like gold and silver, energy products such as crude oil and natural gas, and a selection of soft commodities. These assets are suitable for traders looking to diversify or hedge their positions, and they come with competitive spreads and flexible margin requirements. The commodity offering caters to both speculative traders and long-term investors. FXTM’s asset variety is competitive too, although brokers like FP Markets provide a broader selection of instruments.
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- A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.
- One of FXTM Invests key advantages is that users retain full control of their funds.
- With a strong emphasis on advanced technology, transparent pricing, and customer-centric features, FXTM ensures that every client can find an account tailored to their trading style and goals.
- Islamic accounts are available for all account types, except with MT5 and when trading exotic currency pairs.
- This consistency in fill prices is crucial for traders and demonstrates FXTM’s reliability in managing trades effectively.
Customer Support
This is a very low commission compared to other brokers, and it is less than half of the amount some competitors charge. FXTM Copy Trading gives traders the ability to follow the trading strategies of successful traders without having to risk their own money. You can filter the traders according to their country of origin, investment amount, and trading style.
FXTM Trading Platforms
Additionally, Exinity Limited is part of the Financial Commission, which is an organization that resolves disputes in the forex market of the financial services industry around the world. This gives you an extra layer of protection should anything happen to the broker. They include spreads, commissions, overnight and rollover fees, and currency conversion fees. We built the website to assist forex traders in finding the right forex brokers to trade with ease. After carefully examining the reviews, we found that most of them are genuine, provided by real users sharing their real-life trading experiences.
FXTM demonstrates a strong commitment to transparency through clear and accessible information about its services. The broker provides straightforward communication regarding account types, trading fees, and execution practices, helping clients make informed decisions. The account is available on MT4 and MT5 trading platforms too and its fee structure brings a spread basis. The spreads start from 1.5 pips with no commission charges as all Broker fees are included in the spread. The broker also provides a Demo Account which allows users to practice trading in a risk-free environment with virtual funds, simulating real market conditions.
FXTM Lower trading fees
Flexible payment options, including Skrill, Neteller, and SWIFT, are available, ensuring affiliates receive monthly payments with no earning caps. The FXTM Affiliate Program provides a great opportunity to earn commissions by promoting FXTM’s trading platform. Affiliates can earn up to $600 per qualified trader, with the potential for unlimited earnings. As a globally regulated broker, FXTM offers its traders an extra layer of protection, backed by its licenses in multiple jurisdictions. These include the Financial Services Commission (FSC) of Mauritius, the Financial Conduct Authority (FCA) in the UK, and the Capital Markets Authority (CMA) in Kenya.
FXTM operates under the oversight of reputable regulatory authorities, reinforcing its credibility and trustworthiness. Such multi-jurisdictional regulation implies that FXTM must adhere to stringent guidelines on capital requirements, client fund segregation, and transparent reporting. After completing an FXTM test drive on our mobile devices, we are happy to report that most of the website is readily accessible on mobile devices. Trading with FXTM on mobile should never be a problem either, as you can always choose between the MT4, MT5, and FXTM Trader applications. All ECN type accounts allow for unlimited orders and unlimited volume in lots of orders with up to 300 pending orders. There is a maximum volume of 100 lots per trade for ECN and ECN Zero Accounts and 250 for FXTM Pro Accounts.
FXTM provides a comprehensive demo account for traders who wish to test strategies or familiarize themselves with the platform before transitioning to live trading. Powered by MT4, MT5, and the FXTM Trader App, the demo account mirrors real-time market conditions and enables users to trade with virtual funds in a fully simulated environment. This makes it a valuable tool for beginners learning the ropes as well as experienced traders testing new systems or refining their approach without risking capital. FXTM ECN Account, under Exinity Limited in Mauritius, is designed for experienced traders seeking direct access to the interbank market with transparent pricing and competitive trading conditions.
- You should carefully consider your investment objectives, experience level, and risk tolerance before deciding to trade any financial instruments..
- The tradable instruments can be accessed through several advanced platforms, including the proprietary FXTM Trader App as well as MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
- As mentioned, most accounts do not charge commission and instead make a profit for FXTM via spreads.
The UK’s financial authority, the FCA, recently changed regulation banning retail traders from trading cryptocurrencies. No, FXTM is not a scam as it is well-regulated and has been in business since 2011. This puts it on par with other top-rated forex brokers and shows that it is not a fly-by-night operator. FXTM has invested in ensuring its clients always feel comfortable and secure. The minimum deposit is $10 for Cent accounts, $100 for Standard or Shares Accounts, $200 for ECN Zero Accounts, $500 for ECN Accounts, and $25,000 for FXTM Pro Accounts.
fees and commissions
Additionally, FXTM broker offers their services with a highly personal touch. With cutting-edge trading technology, the company is among the trailblazers in this competitive field. The FXTM customer support is available 24/7, and you can reach them through phone, email, or live chat. Hence, we would definitely recommend FXTM to anyone looking for a reliable forex broker with excellent customer service. FXTM profit calculator tool is used to help traders determine how much profit they will make on a trade. The calculator consider the trade size, the current market conditions, and the user’s desired profit.
With tight spreads, flexible leverage, and popular platforms like MetaTrader 4 and MetaTrader 5, FXTM provides a versatile trading environment tailored for both beginners and experienced traders. FXTM (trading under ForexTime Limited) is a multi-award-winning, leading Forex and CFD broker. In this FXTM broker review, we’ll be taking a look at everything you need to know about this broker, including account types, regulation, trading platforms and more. FXTM is a forex and CFD broker that provides online trading services globally.
FXTM Trading Settings
However, we were a little disappointed that they do not offer their own trading platform and you are confined to using MT4, plus trading spreads are not particularly competitive. But the education offering is very strong, whilst the research offered is above industry standard. For traders on the move, FXTM provides mobile applications compatible with iOS and Android operating systems. These apps mirror the core functionalities of the desktop versions, including real-time quotes, customizable charts, and easy access to account management.
The account is specifically designed for Stock and Shares Trading available on the MT5 platform and provides access to more than 600 Stock trading with a super tight spread from 6 cents and zero commissions. The minimum deposit amount is $/€/£ 200, and for residents of Nigeria, it is ₦350,000. Concluding the FXTM review, we admit that FXTM gives quality trading potential for both beginners and experienced traders or investors and FXTM is one of the leaders in Forex Trading. Moreover, there are other numerous advantages with FXTM, like great global coverage with a good focus on the Africa region with FXTM Nigeria and Kenya trading opportunities. We can see from the above comparison that the Advantage account offers significantly lower trading cost, thanks to its tight spreads and competitive commission fees.
FXTM provides an affiliate program where you can earn up to $600 for each qualified trader you refer. The broker ensures complete peace of mind by implementing various protective measures, including insurance coverage for your funds up to $1 million in the unlikely event of insolvency. Spreads start from 0.0 pips on the Advantage Account and 1.5 pips on the Advantage Plus Account. To start trading, users need to complete the registration process on their website, submit personal details, and provide identity verification documents. The volume comparison table below allows you to evaluate the trading activity of Pepperstone and FXTM, helping you identify which broker facilitates higher market participation.
The account types are also designed to fit a variety of trading styles, from beginners using Advantage Accounts to experienced traders leveraging ECN conditions with tight spreads as low as 0.0 pips. With superfast execution, flexible leverage options, and competitive fees, FXTM ensures a cost-effective trading experience all in all. FXTM stands out by providing fast trade execution, tight spreads, and access to powerful platforms. The broker is also globally regulated and offers a broad suite of tools, real-time market updates, and educational content, making it suitable for both beginner and experienced traders looking to diversify. FXTM provides various account types to suit different trading styles, such as Standard and Advantage accounts. The Advantage account offers spreads as low as zero on major forex pairs, benefiting cost-conscious traders.
Your level of regulatory protection depends on your country of residence when you open an account. FXTM has a trust score of 60, based on its regulation, reputation, and reviews. When trading on an FXTM Pro Account, you fxtm broker reviews 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. There live chat feature, plus you can contact the ream vias popular channels such as WhatsApp, Telegram, Viber and Facebook Messenger.