At the time of this review, FXTM maintains a refer-a-friend campaign. PricewaterhouseCoopers Limited (PwC) also audits select performance statistics, and FXTM remains one of the more transparent brokers. I applaud them for their focus on the trading environment, granting clients a distinct edge.
ForexTime FXTM Review: Everything You Need to Know Before Trading pros and cons
FXTM offers trading via CFDs with competitive spreads and generous leverage. Spreads are as low as 0.1 pips when trading stock CFDs fxtm broker review with the Advantage trading account. Minimum spreads are a little higher with the Micro and Advantage Plus accounts, but a zero-commission model is offered. Traders should take a close look at the features of the different account types to see what will work best for them.
Security and Money Guarantees
The FXTM standard account offers a wide range of features and benefits to all levels of traders. The minimum deposit requirement is $100 with a 30-lot maximum volume per trade. There is no commission charged on this account although the floating spreads start from 1.3 pips as they are marked up to cover costs.
- FXTM’s Pivot Points Strategy uses three popular technical indicators combined with your own choice of five pivot point calculations to assist with your trading and help determine the market sentiment.
- Additionally, the broker’s in-house research team often publishes specialized articles on trending market topics, ensuring that users stay informed of global economic shifts.
- The strong language support follows through here too with all of the same languages available for customer service as on the website.
- The broker puts great emphasis on education whilst offering a flexible selection of trading accounts and convenient funding methods to suit different types of traders.
- With the help of this service, both novice and professional investors can get passive income by investing money in the trading strategies of experienced traders.
- Meanwhile, the MetaTrader apps are more feature-rich, providing advanced charting tools, customizable technical indicators, and automated trading capabilities through Expert Advisors.
FXTM’s fee structure is generally competitive, especially since its spreads have been lowered, though it varies by account type, making it suitable for different trading needs. We do our best to constantly improve our customer service so our clients always get the absolute best! Please do get in touch with us at any time if you need any assistance.
FXTM Order Execution Model
FXTM invest is also available with this account type if you are using the MT4 trading platform while the spread on trading here starts from 1.5 pips. An excellent and frequently chosen option for new traders and those seeking to lower risk is the FXTM Micro Account. The minimum deposit here starts from just $10 or 10,000 NGN which makes it extremely accessible to traders. With the Forex News Timeline you can receive live market news straight into your trading platform or via the brokers website. These articles are informative and powered by popular forex trading website FXStreet.
What is the difference between MetaTrader 4 and MetaTrader 5 on FXTM?
FXTM will not charge any deposit fees, just like most online brokerage firms, as this is now the standard practice for brokers. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. MetaTrader 4 is one of the most feature-rich and popular trading platforms. It does not have a beginner-friendly interface and requires some time and effort to learn, but that is typical of advanced platforms. MetaTrader lacks robust research content within the platform itself, which is crucial for staying on top of market news. However, news traders can take advantage of FXTM’s economic calendar, fast execution speeds (sub-50 ms), and robust in-house research materials.
If you do not have enough money in your account to cover the fee, then the broker reserves the right to close your account. Here is all you need to know when it comes to FXTM withdrawals as a trader. There are several deposit methods you will find available when trading at FXTM.
- The demo account is an extremely powerful educational tool that lets you trade using virtual money to avoid risking any real funds.
- The availability of dedicated customer support and helpful tools, such as trading calculators and signals, further makes FXTM an accessible choice for those new to trading.
- FXTM also offers free VPS hosting, which facilitates the execution process and provides a more stable trading environment.
- Overall, our FXTM review found them to be an excellent broker choice.
- If there is any issue with any withdrawal, you should reach out to their support team from your account email.
Clients benefit from insurance coverage up to $1 million, institutional-grade banking partners, and security protocols designed to safeguard data and financial integrity at every stage of the trading process. However, response times may vary depending on the time of day, and some users in certain regions have noted occasional delays in reaching support. However, the payments we receive can influence the products, companies, or services we highlight and evaluate. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. FXTM is legal, complies with four regulators, and has a clean track record.
FXTM offers secure, flexible, and transparent trading options for over 1.5 million active traders. With a wide range of account types, competitive spreads, and educational resources, FXTM caters to traders of all levels, from beginners to professionals. FXTM provides traders access to over 1,000 instruments across major global markets.
There is a small withdrawal fee levied on credit card and bank transfers. We prefer a broker that offers free withdrawals, regardless of method, and there are some available. However, this alone is not a deal breaker, especially as there are fee-free options available. The broker has also won awards such as ‘Most Trusted Broker Nigeria’ and ‘Best Online Trading Platform Nigeria’.
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. Traders may also face third-party processing costs and currency conversion fees. I recommend checking them to determine the most convenient and cost-effective solution.
The account is not ‘standard’ as such, with the name coming from the fact that traders can trade standard lots. After conducting an updated 2025 review of FXTM, we have found them to be the best-rated forex broker for forex education and analysis when trading CFDs. Whether you’re a new trader looking for tutorials and webinars on the basics, or you’re an experienced trader looking for world-class market analysis.
