FXTM Review: ForexTime Spreads, Fees + Features in 2024

I https://forexarena.net/ believe he is a great example of account manager that do care about customers and make them happy while at the same time, keep the company’s procedures adhered. They didn’t allow me to withdraw the same way I funded my account. It took months of back and forth e-mails to eventually withdraw my money and close my account.4.

Islamic accounts

Rates, terms, products and services on third-party websites are subject to change without notice. We may be fxtm broker review compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Opening an account to trade with FXTM is a quick and easy process that can be done online. You will then need to verify your email address and upload a form of identification and to confirm your address for KYC purposes.

Leverage Review

Same security email but this time to some crypto regulatory authority. I have chatted with online customer service and I get the same excuse. Now I am tapped and will loose everything because of the second security fee. The Exinity Limited entity offers a great range of payment methods, including bank wire, credit card, digital wallet, and local transfer methods. Deposits and withdrawals at FXTM are processed relatively fast, but you should be aware that fees are charged for withdrawals in some instances. FXTM stood out as a versatile broker with a wide variety of tradable instruments, competitive trading costs via its Advantage raw spreads account, and robust research materials and tools.

1. With FXTM, you can trade silver or gold, doing so against up to three currencies.
2. With MT4, you can choose between three order execution types and four pending order types.
3. Moreover they will take you through several hoops to authorize your withdrawal.
4. Please note, some markets may only be available via CFDs or other derivatives.

Non-Trading Fees

The MetaTrader 4 and 5 mobile applications are available at the Apple and Android app stores. They give traders increased flexibility by allowing trading virtually anywhere and anytime on mobile devices. The apps come with most of the features found on the desktop MT4&5 applications and an extended version is available for tablets. They offer support through a number of mediums including phone, email, and a website-based live chat service. The communication through all channels is both speedy and professional. 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.

FXTM Non-Trading Fees

Users can manage accounts, open and close positions, check live global pricing and view charts while on the go. All the tools, features and functionality found on PC devices can be used within a sleek, intuitive yet portable design. FXTM may offer a reduced leverage ratio based on individual experience, previous trading record, degree of customer loyalty and various other factors. FXTM trading fees vary depending on account type and instrument.

Tradable Instruments

As such, you can rest assured your personal information and banking details are always protected. Here, the broker makes up for low spreads with $2 commissions per round. This is a very low commission compared to other brokers, and it is less than half of the amount some competitors charge. –    Non-trading fees aren’t directly related to trading, but you should consider them as they make up the cost of using a certain broker. You can trade metals online with FXTM including Gold and Silver.

The broker provides traders you with convenient access to trade the markets, including CFDs on forex, stocks, cryptos and commodities. I found them to have a good selection of trading instruments to choose from. Our FXTM review team found that this broker has highly competitive trading and non-trading fees. Most account types at FXTM carry no commissions and offer low spreads on all instruments. There no deposit fees with this broker either, however, you will pay a small fee for using some withdrawal methods. Although FXTM does charge inactivity fees, at $5 these are lower than competitor rates and are not applicable until after six months of inactivity.

The mission of the broker is to bring all financial market opportunities in to the hands of retail investors, wherever they are in the world. Today, the brand has done just that, and FXTM is now a global leader in the online trading environment. FXTM offers a high-grade demo account that enables individuals to hone their trading skills before investing their hard-earned cash.

With an inability to seamlessly transfer indicators from MT4 to MT5, many traders prefer to stick to MT4 to continue trading their proven strategy. 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. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. We can assure you that we always act with our clients’ best interests and are continually striving to provide the best possible support.

It features eight timeframes, MACD, moving average, and momentum, and five calculation methods. If you want to take advantage of the most active securities on the market, you’ll be pleased to learn you can trade spot indices in the form of CFDs at FXTM. You can trade these long or short and enjoy long trading hours. Our FXTM broker review appreciates the fact that FXTM offers indices from Australia, France, Germany, Hong Kong, Japan, the US, Spain, Europe, and the UK. This breadth of indices is particularly impressive, given that there are only 11 available. Our review of FXTM confirms that this is a highly reputable broker with a strong background and a wide variety of trading opportunities.