FXTM distinguishes itself with transparent, low-cost trading fees, featuring near-zero spreads and commission-free stock trading. This clear pricing structure benefits both beginners and experienced traders seeking affordable access to a wide range of markets. 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 conditions. This account type offers ultra-tight spreads, often starting from 0.1 pips, providing access to a range of instruments. These include Standard Accounts, which are ideal for new traders, and ECN Accounts, which provide tighter spreads but come with commission fees.
Standard Scammer Broker
These platforms are available on various devices such as PC, Mac, mobile, and web-based options. MT4 remains the go-to choice for many due to its extensive library of custom indicators, while MT5 offers additional features like market depth and more order types. These accounts feature much tighter spreads than standard accounts, but a small commission charge is applied to your trades. For this reason, ECN accounts are more suited to experienced traders who may be trading on a larger account. Given their award-winning average execution speed of 0.082 seconds, FXTM is able to provide some of the best trade execution services in the market. This is thanks to their exclusive, state-of-the-art technology, which is specifically designed to deliver excellent trading capabilities.
Deposits and Withdrawals
There seems to be a mark-up of around 2 pips to the average spread on FXTM’s Advantage Plus Account to cover the costs of trading the EUR/USD pair. However, CFTC regulation is absent; as a result, FXTM cannot provide its services to citizens or residents of the United States. FXTM is a regulated and licensed broker that is authorized in multiple jurisdictions. The Cyprus Securities and Exchange Commission officially withdrew FXTM’s license, following the company’s voluntary renunciation of the permit. FXTM ceased operations under its Cypriot entity in late December 2023, and the CySEC withdrawal took effect in May of the following year.
If you’re looking to take advantage of movements in an entire country’s stock market, you’re still able to trade index CFDs on MT4 with FXTM. FXTM’s Indices markets have some of the lowest spreads, making them a popular choice. Whether you trade spot metals, energy, or soft commodities, FXTM has a CFD market for you. Whether it’s the main part of your trading strategy or simply used for diversification, take advantage of the volatility in commodities markets with FXTM. When setting up your CFD trading account, you will be able to choose from three base currency options being the EUR, USD or GBP.
Why Trade with FXTM?
You can, however, trade all the major markets offered by FXTM directly from your charts in the MT5 platform and access several exclusive features that we go over below. The sheer number of CFDs to trade on some of the highest leverage available makes FXTM a clear choice. Mini lots, at 0.10 lots, and standard lots, at 1 lot, cater to those looking to trade larger volumes. While the maximum volume per order caps at 100 lots, the Micro Account restricts this to 10 lots per trade.
Mobile Trading
FXTM provides a flexible leverage system, allowing traders to tailor their exposure while controlling risk through dynamic margin adjustments. While suited for experienced traders comfortable with market volatility, it also encourages safer trading by lowering leverage when market conditions demand caution. Yes, FXTM’s Advantage Plus account provides commission-free trading on stocks and ETFs.
While many e-wallet withdrawals are fee-free, bank wire and credit card withdrawals may incur charges. For example, you may be charged a €/£/$3 or ₦ $2,500 fee for any deposit under €/£/$30, and withdrawals to a bank card may also incur a €/£/$3 fee. It also offers a swap-free Islamic account for clients adhering to Sharia law.
Deposits
- Their client focus ensures that they are there to make your trading experience as seamless as possible.
- All cryptocurrency CFDs are traded in currency pairs just like forex markets, against the US Dollar.
- The broker provides simplified account options that cater to short-term trading styles, notably an ECN account with tight spreads and a VPS to run automated trading strategies.
- However, the payments we receive can influence the products, companies, or services we highlight and evaluate.
RationalFX, a company with over 20 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it’s clear that Rational FX has built a reputation for providing reliable and unbiased information. Withdrawals can be made using the same methods as deposits, including credit/debit cards, e-wallets, and bank wire transfers. E-wallet withdrawals are usually processed quickly, often within a few hours, while bank transfers may take 1-3 business days. FXTM strives to process withdrawals as quickly as possible to ensure a smooth trading experience.
- The minimum deposit amount is $/€/£ 200, and for residents of Nigeria, it is ₦350,000.
- I like that Forextime continues to adjust to market and regulatory changes, ensuring traders maintain a competitive edge.
- I also like that Forextime offers 639 stocks for direct investments, albeit only US-listed ones.
Local currency deposits are also facilitated for various countries, depending on the payment methods available locally. FXTM applies spreads and ,in some case,s commissions, depending on the account. Standard accounts are typically commission-free but have wider spreads, while ECN accounts may charge a commission per trade but offer tighter pricing. FXTM operates under the Exinity Group and complies with reputable global regulators. Furthermore, the company prioritizes transparency and regulatory compliance, making it a reliable option for both beginners and seasoned traders.
FXTM offers several account types designed to meet traders’ needs, including Advantage Stocks, Advantage, Advantage Plus, and ECN Accounts. I like the trading environment at Forextime, as the trading costs in the commission-based trading account remain among the best industry-wide. It has also established itself as a market leader for traders from emerging and frontier markets. I also like the upgraded MT4/MT5 trading platforms and overall transparency at FXTM, which I confidently rank among the very best Forex brokers. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying.
FXTM offers swap-free trading on all the available live trading account options. The swap-free account is designed for clients of the Muslim faith who cannot receive or pay swaps due to their religious beliefs. While this account type does not incur any swaps or interest charges on overnight positions, the account holder may be charged an administration fee on trading positions. FXTM offers a range of innovative tools and services designed to enhance the trading experience, particularly through Copy Trading, which is a popular feature for both beginner and experienced traders. FXTM’s adherence to regulatory requirements and commitment to customer protection further enhance its reputation within the industry. Traders can feel confident knowing their investments are supported by a reliable and secure broker.
Which Account Types Are Available with FXTM?
Using our platform, you can trade a number of different instruments including Forex (Currencies), Spot Metals (Gold & Silver), US Stocks, CFD US, Commodities and Indices. FXTM does not offer services in several countries due to regulatory restrictions, including but not limited to the USA, Mauritius, fxtm forex broker review Japan, Canada, and several others listed. FXTM supports residents in many more countries, but these are some key markets where they actively provide services. Whether you’re after stability or volatility, FXTM provides access to major global asset classes – all in one place. Please note that your profile must be fully verified to request a withdrawal.
Each platform supports global markets and includes tools for precision, analysis, and automation. FXTM provides diverse trading accounts designed to suit different trader preferences. The Advantage account offers zero spreads and very low commissions, while Advantage Plus features commission-free trading. Additionally, FXTM delivers transparent pricing, strong security, and access to multiple global asset classes, ensuring flexibility and reliability.
Overall, FXTM is a solid option for various traders looking for quality trading execution, there are affordable costs, fast execution through its ECN accounts, and access to popular markets. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.
FXTM provides seven day customer support in English, Chinese, Spanish and Arabic, with limited weekend access through live chat, email contact form, WhatsApp, and Telegram. FXTM offers a range of research resources designed to support informed trading, which includes daily market analysis, an economic calendar, and occasional insights from professional analysts. For traders who employ automated trading strategies, especially on MT4, FXTM offers a Virtual Private Server (VPS) service for continuous, high-speed connections.