FXTM Reviews: This is a forex broker that has it location in Cyprus and began operation in 2011. For more information about ForexTime (FXTM), to know whether it is a scam or legit broker and also what to expect. Then, read our review on this company.
One of the most vital part of our review is uncovering whether a company is licensed or not. To do this, we first establish the location or region where it claims to be based then we check the commission or authority regulating trade there whether it s listed among the regulated companies or not.
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FXTM Trading Platform
FXTM login offers Metatrader 4 and Metatrader 5 platforms. These platforms are very good signs as they have become some of the most widely used by experienced traders. Tools that come with these trading platforms have been found to be useful to traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily. Mobile trading platform is also available using FXTM trader app and it offers over 250 financial instruments and can be downloaded on Google play and IOS stores.
A wide range of instruments are available on FXTM. This includes 50 currency pairs, 180 US shares, 5 spot metals, 14 spot CDFs, 3 commodities and 3 cryptocurrencies depending on the account type and trading platform.
The maximum leverage offered by FXTM is 1:1000 for exinity ltd but for EU and UK brand, it is 1:30
Forex Time FXTM also offers a tight spread of 0.1pips on EUR/USD for standard and 0 pips for ECN account while the spread for shares starts at 2pips.
FXTM has two main account types: Standard account and ECN account. Standard account is subdivided into standard, cent and shares account types. ECN account has the following sub-types which are: ECN zero account, FXTM pro account and the ECN account.
One important feature of FXTM is the FXTM Invest which is a social trading program which gives inexperienced trader thee opportunity of getting sound trading alerts by following expert traders.
Bonus, promotions and contests are also available to those under Exinity ltd. A deposit bonus of 10-30% for those in Africa, China, Asia and MENA. A bonus of $25 is also available for referring a friend.
FXTM also offers a free demo account, step by step tutorial and articles as well as online webinars and local seminars which are all geared toward educating inexperienced traders on how to trade.
Advantages of FXTM
The advantages listed in their website are: wide range of instrument, Unparalleled trading condition, globally licensed and regulated, Protection of funds, Commitment to forex education, Regular contests and promotions.
FXTM Withdrawal and Deposit Methods
FXTM broker has numerous deposit and withdrawal methods. This includes bank wires, e-wallet, credit and debit cards and cryptocurrencies. No amount is charged for deposit but withdrawals through credit and debit card attracts a fee of 2 EUR/3USD/2GBP. The minimum and maximum deposit depends on the type of account. The minimum deposit for standard account, shares account, ECN account and ECN zero account is $/€/£10 while the minimum deposit for cent account and FXTM pro account are $/€/£5 and $/€/£25,000. No maximum deposit is required for all the account types.
FXTM customer service support is available in different languages. There is also a live help service available at FXTM. For more information, visit their website using the link below.
FXTM is a globally recognized forex broker with high level of security of funds. It has proven to be worthy of trust