FXTM review conducted by experts traders at Fxstay.com to know all about FXTM.com broker before open trading account with this broker. In this ForexTime review you will know about trading platforms, spreads, minimum deposit, withdrawal and deposit methods and how to open free demo account with FXTM forex broker.
FXTM Review By Fxstay
FXTM is an acronym for ForexTime.com, which is a new platform to the world of forex investing, having only arrived on the scene in 2012 as the brainchild of Andrew Dashin, who is the founder of Alpari, a well known line of brokerage companies.
Andrew Dashin has been devoting his time to developing forex trading in Europe and the United States since 1998. His newest venture is FXTM which he designed to monopolize on every other market.
The FXTM forex broker is owned and operated by its holding company FT Global Services Ltd and is based in Cyprus and Belize where it is overseen by the strict financial regulatory agency known as the Cyprus Securities Exchange Commission (CySEC) in Cyprus and by the International Financial Services Commission (IFSC) in Belize. In South Africa, FXTM’s financial activities are overseen and regulated by the Financial Service Board (FSB).
In addition to offering the most popular forex pairs for trading, FXTM forex broker provides options on a variety of financial assets and instruments that include Contracts for Difference (CFDs) and Exchange Traded Funds (ETFs) on spot metals, stocks, commodities and indices.
The broker has quickly become one of the fastest growing brokers in the industry with offices around the world and headquarters in the FXTM Tower in Cyprus. The firm plans to open a new office in the heart of Europe’s trading capital of London, UK.
FXTM is an all encompassing brokerage for both novice and experienced traders where traders will find every tool they need to research, place and track trades in a variety of financial markets.
The FXTM trading platform is not currently available for traders based in the United States, British Columbia, Saskatchewan, Quebec or Japan.
The FXTM trading platform is available in a wide variety of over 18 languages that include those most popularly spoken in Europe, the Middle East and Asia, including but not limited to English, Spanish, French, Czech and Hindi with new languages frequently being added.
The FXTM trading platform provides investors everything they need to research and conduct trading of a multitude of financial assets and instruments in a variety of markets around the world. The FXTM website is user friendly and all encompassing and includes the following amenities:
Deep liquidity with banks ensures tight spreads and quick execution.
Trading of over 250 financial assets and instruments that include CFDs and ETFs on a wide range of assets, including forex, futures, precious metals, and commodities.
No Dealing Desk standard with 8 classifications for ECN/STP trading strategies for professional trading accounts and SWAP-free option that is available for all account types.
Streaming news feeds, advanced charting tools, mobile and email alerts and trading signal subscription option and social trading features.
Hedging and Scalping strategies of trading are permitted.
Direct connection to pricing through the NYSE and NASDAQ for Shares Account.
Experienced account management team committed to quality customer services.
Low minimum deposits and over 30 payment options with no deposit fees.
Educational Center that provides free videos, webinars, seminars, expert commentary and free training courses.
Strictly regulated in multiple jurisdictions by the CySEC, IFSC and FSB.
Live and demo contests and promotions on a regular basis.
Platform available in a wide variety of languages with more added regularly.
Segregated client funds in top banks.
Quality multilingual customer support services available 24/7 via online chat, telephone or email.
FXTM MT4 Download for PCs, MACs and Mobile Apps
MT4 is the most popularly used trading platform and has become the forex industry standard. It’s user friendly interface and valuable tools have garnered a large following of traders who want to use the platform in conjunction with other trading platforms to maximize trading activities and success.
FXTM MT5 for PCs, MACs and Mobile Apps
The MT5 trading platform is an upgraded version of the MT4 platform and is another popularly used platform for trading forex pairs and other financial assets in a variety of markets.
FXTM Account Types
Using the No Dealing Desk trading model, FXTM provides 8 different types of trading accounts built on Electronic Communications Network (ECN) and Straight Through Processing (STP) trading models. Account types are Standard, Cent, Shares, ECN, ECN MT5, ECN Zero, ECN Strategy and FXTM Pro Accounts.
FXTM’s Standard Account allows hedging and offers quick execution, no hidden commissions, tight spreads (dependent on market conditions), floating leverage up to 1:1000 (that can change because of regulations imposed in your particular country of residence). For traders based in Poland, maximum leverage provided is 1:100. Standard Accounts are available for USD, EUR and GBP and a SWAP-free option for Islamic traders is available.
Trader who open Cent Accounts with FXTM will enjoy instant execution, tight floating spreads (dependent on market conditions), fixed leverage from 1:1000 (which can change due to regulatory requirements discussed above), as well as cent lots and a swap-free option. Cent Accounts are available in EUR cents, GB pence and USD cents and require a minimum deposit of only $5 for EUR/USD/GBP.
FXTM’s Shares Account offers traders margins from 3% with instant execution on over 180 US equity shares, no commissions and are available in EUR, GBP and USD. Share Accounts allow hedging and a SWAP-free option for Islamic traders is available.
The ECN Account offered by FXTM includes spreads from 0.1% (dependent on market conditions), floating leverage from 1:1000 (which can change due to regulatory requirements discussed above), low commissions starting at $4, market execution, no requotes, hedging and scalping are allowed, accounts available in EUR, GBP and USD, and SWAP-free options are available for Islamic traders.
ECN MT5 Account
FXTM’s trading platform includes tight floating spreads (dependent on market conditions), floating leverage up to 1:1000 (which can change as discussed above), market execution, no requotes, trading signals, available in EUR, GBP and USD and a SWAP-free option is available for Islamic traders.
ECN Zero Account
The ECN Zero Account offers no commission, tight floating spreads (dependent on market conditions), floating leverage up to 1:1000 (which can change as discussed above), market execution and no requotes, hedging and scalping are allowed, available in EUR, GBP and USD and SWAP-free options are available for Islamic traders.
ECN Strategy Account
FXTM’s ECN Strategy Account includes no commissions, performance based fees, tight floating spreads (dependent on market conditions), fixed leverage of 1:200 (which can change as discussed above), market execution, no requotes, dedicated account page and minimum deposits of $100 for EUR/USD/GBP.
FXTM Pro Account
The FXTM Pro trading Account designed for professional traders includes tight spreads from 0 pips (dependent on market conditions), floating leverage up to 1:200 (which can change as discussed above), fast market execution, no requotes, no commissions, deep liquidity from tier-1 financial institutions, no last-look price and SWAP-free options are available for Islamic traders.
FXTM Demo Account
The broker provide free demo trading account, Top open a free demo trading account visit ForexSQ forex blog FXTM review page.
Commissions and Spreads
FXTM’s biggest strength is its ability to offer low spreads that are priced up to 5 decimal places and start as low as 0.1 pips for Standard Accounts and 0.0 pips for ECN Accounts, which a charged a commission of $4 per trading lot. FXTM also offers negative balance protection for its clients to further reduce financial risks involved with trading assets.
Deposits and Withdrawals
FXTM accepts a wide range of deposit and withdrawal methods including credit and debit cards, bank transfers, e-wallets, signature methods and numerous other local payment methods typical in particular regions of the world. The brokerage adds more options regularly and encourages clients to keep current all identification documentation that is on file with the company to ensure rapidity of withdrawal transactions.
The FXTM broker trading platform ensures safety of client funds and trading activities by the strict multi-jurisdictional oversight afforded by the CySEC, IFSC and FSB, as well as the firm’s overall commitment to customer satisfaction and security of client funds and personal account information. TopForexBrokers.com broker rating website make complete FxTM review of regulation.
The FXTM trading platform provides quality customer support services 24/7 in a variety of languages. Traders can access customer support via online chat, email or telephone. Additional localized support is provided to traders based in China, Cyprus, France, India, Indonesia, Czech Republic, South Korea, Spain, United Kingdom, Thailand, Malaysia, Poland and Nigeria.
Both novice and experienced traders will benefit from the numerous trader education materials available through the website that allow access to daily expert commentaries from FXTM’s Market Research Team, as well as dedicated account managers, signals, alerts and streaming news feeds.
FXTM Review Conclusion
The professional investors and traders at Fxstay.com feel the FXTM broker has earned its reputation of a leading trading platform that emphasizes safety of clients’ funds and trading activities. Numerous industry awards and client testimonials confirm the safety of the platform and satisfaction of traders who use it for maintaining trading accounts and day to day trading activities.
With its strict multi-jurisdictional regulatory oversight, extensive localized customer support services, regularly promotional bonuses, educational trading materials and wide variety of trading tools, the ForexTime broker trading platform will meet the needs of newbies and seasoned traders alike.
The experts at Fxstay invite you to share this FXTM Review with family and acquaintances who may share an interest in forex trading platforms.