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FXTM Review & Rating 2022

In addition, it is also extremely robust and works on virtually any device. Swap free trading with FXTM is available on this platform. We found that FXTM offers the standard version of MT4 plus six add-ons, transforming MT4 into a state-of-the-art trading platform.

Also remember that using MT4 you can also take advantage of FXTM Invest. FXTM has developed its mobile trading platform, the FXTM Trader app. We found that the app was very easy to set up and use.

And we’re happy to report that the site is fully authorised and regulated by the FCA within the UK. The site is also regulated by the Cyprus Securities and Exchange Commission, as well as the FSCA in South Africa. At present, there are no fees for using the Micro or Advantage Plus accounts, although some withdrawal options will incur a charge.

They cannot communicate well, poor English. They hang up on me every time they do not have the right resolution for my trading canadian forex review concerns. I felt like I am trading on my own, the services are useless. Not an ideal broker for online trading.

Stay away from this broker. I have a missing withdrawal from this broker. They are on it though, checking and investigating.

Opening an Account at FXTM

I had a stressful withdrawal process. Weak knowledge and poor trading advice. They are not good brokers to deal with. Whether you’re looking to trade in FXTM crypto, or you’re hoping to avoid any potential FXTM scams, we’ve got all the info you need to know. Come and check out our forex base and quote currency to find out all about the broker, and discover whether it could be your new perfect trading partner.

Can you get scammed on MetaTrader 5?

However, some illegal brokerages over-exaggerate the advantages of MT5/MT4 automatic trading, fabricating extremely low-risk and lucrative scams to attract investors, and once many investors are deceived into EA automatic trading, they experience retractions, liquidation/burst positions, or even lost all the funds in …

Since the FXTM platform is MT4 or MT5 software both offers various versions available either as WebTrading platforms or the one that can be installed directly at any device. Web trading software is a great option if you are a beginner or regular size trader, as platform accessible right from the browser, does not require any installation, easy save and navigated. FXTM trading technology and toolbar use the industry’s leading software third party providers, which doesn’t require a presentation, as these platforms are MT4 and MT5. Generally speaking, FXTM offers good range selection of markets and account features among the industry brokerage offering. FXTM minimum deposit requirement is $/€/£ 100 for Account Standard and only 10$ for a Cent Account. Also, all deposit fees are covered by the company which is great for your smart money management.

Is this broker good for beginners?

All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Need a good and reasonalble feedback from your management as im funding and trading my money to your company.

I always encounter problems on their trading platform which are left unresolved. Inactive customer support online. They have chat support however I only get system generated replies. Unprofessional and indecent brokers. They trade on their own and are very manipulative. Never listen to my concern and will never take a no for an answer on redeposit proposals.

fxtm review

Below you may see some comparison between other trading CFDs brokers, yet remember this is the standard proposal that seems to be average and high at FXTM. FXTM costs are Fees are mainly built into a spread also defined by the account type you use. In addition, you should always consider other fees like non-trading fees, withdrawal fees which we will see in detail further.

Does FXTM have Bonus?

The brand was launched in 2011 and has achieved global status with a focus on content localization. The FXTM brand headquarters is in Cyprus while other offices are in London, Nigeria, etc. FXTM states that it has over one million registered trader accounts from all over the world.

fxtm review

Similarly to the web trading platform,we tested this mobile trading platform. FXTM has high non-trading fees. You’re charged $5 per month after six months of inactivity and most withdrawal methods also have a fee. As a plus, there are no account or deposit fees.

This is important since not all asset classes can be traded through every account type. Trading spot metals with FXTM allows you to trade gold or silver against major currencies 24/5 with varying degrees of leverage based on experience. Spreads go as low as 0.4 on XAG/USD or 5.0 on XAU/USD when you open an ECN account. FXTM offers access to 250+ instruments in seven major asset classes.

Let me share with you my experience with this broker in the past. They keep on changing trading policies making it hard for you to withdraw. Very expensive services, they keep on asking additional funds. Don’t deal with this company.

How do you withdraw money from FXTM?

Intimidating brokers and bad customer service. They are very rude and arrogant people. Commendable customer service. I am so impressed with how they deliver customer service however I am not happy with my trading result. I came here to gain profit and so I need a better broker. I notice slippage becoming bigger and spreads wider.

Design is clear and customizable which is always good, yet app packed with tools and alerts so you always remain updated. If you require more tools along with powerful customization you better choose Desktop version. MetaTrader supporting all kinds of devices including PC, MAC as well as accessible Multi Terminal that is useful for money managers. Hence you will always have access to your account at personal convenience. Yet, you should always consult with customer service and confirm data, as various jurisdictions may apply slightly different rules.

We were disappointed that fees are charged on most withdrawal types. Our main concern is that FXTM’s trading costs are higher than other brokers and that it charges fees for all withdrawals. The range of instruments is also quite limited compared to other brokers in the UK. FXTM will be a good choice for many beginner British traders. It offers a low-deposit Micro Account and provides a variety of learning materials in both video and written formats. Its daily market analysis will also help beginners understand the real-world implications of news events on the Forex market and where trading opportunities lie.

Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid. 1) You are forced to copy open trades each time you deposit funds.

Is forex good for beginners?

There are several reasons forex can be an attractive market, even for beginners who have little experience. The forex market is accessible, requiring only a small deposit of funds for traders to get involved. Also, the market is open for 24 hours per day/5 days a week (it's closed for a short period on weekends).

As this FXTM review has already pointed out, customer support and cryptocurrency trading are not available 24/7. And not everyone is eligible to join. The FXTM Invest Strategy Manager account is a relatively new offering. FXTM’s copy trading program allows less skilled forex investors to mirror your trades and then you earn a percentage of their profits.

Its products

We will always be happy to assist you. Hi there, please send your MyFXTM number to We will run a detailed check, if there are any delays we will expidate the process. But their withdrawal period is about 24 hours, thats the only negative thing I see and only when in the instances of emergencies….

There have been cases where even regulated Forex brokers have purposefully indulged in fraudulent activities to make quick profits. Regardless of all the negative experiences, there are a few Forex brokerages such as FXTM, which aims to create a secure trading environment for retail traders. ForexTime, also known as FXTM, is a financial service and automated currency broker. FXTM customers can use their accounts to trade currencies, CFDs, shares, and commodities.

Customer Support

There are so many glitches and it greatly affects my trades. Don’t fall for their trading offers. It’s a trap, all they want from you is your money. The broker assigns to me is senseless. I am not sure if all of their brokers work that way, but I am very disappointed with the signals.

The FXTM trading resources are sufficient for most traders and should provide a comprehensive picture of the markets. Unfortunately, FXTM is a regulated broker and is not permitted to offer any bonuses or free money to its clients. We can’t really fault FXTM for their lack of any bonus programs, as almost all regulated Forex brokers don’t have any bonus program for their traders. Nevertheless, traders can win free money by competing in the broker’s trading contests, which does provide several attractive prizes for the top traders.

Come and read our in-depth FXTM review to find out everything you need to know, before committing to the sign-up process. One of the most favorable aspects of FXTM is that the minimum deposits required by the broker are very low. In fact, these start at $10 for standard accounts depending on the type, rising to $200 for ECN accounts, again depending on the type of account. If you trade with higher volumes, you will also be able to open the FXTM Pro Account, however, a minimum deposit of $25,000 is required. Above all, with FXTM Trader you can take advantage of the broker’s copy trading service, FXTM Invest.

FXTM has also earned numerous awards over the years, named Best Investment Broker from FX Daily Info to Best Trading Experience from the World Finance Awards, both in 2019. Spreads on Micro and Advantage Plus accounts start from 1.5 pips. Advantage Account spreads start from 0.0 pips. There are no commission fees on trading for Micro and Advantage Plus. On Advantage Accounts, commission fee is average of $0.4-2. Plan your trades effectively with our wide range of free trading tools.

Deposits are free, but fees are charged for withdrawals via bank transfer and credit card. FXTM offers customer support via live chat, phone, and email during office hours ( Monday to Friday, 6 am to 4 pm GMT / GMT+1 DST). Clients of FXTM are assigned a dedicated software development rfp template customer solutions representative. We rated support at FXTM as reliable and better than average for the industry. FXTM offers trading in forex and CFDs on commodities and indices. CFDs on stocks are currently not available for new clients in the UK.

This is a very strong indicator that a company has excellent customer service and customer satisfaction. Now, let’s see in detail what types of accounts FXTM offers for trading. Starting with what is already the best trading platform around, MT5 has made it even better.

More losses than winning trades. This broker service has the longest wait time for withdrawals I guess. It took them so many days to process my withdrawal. Very slow withdrawal process. I am frustrated waiting for my money. The rest of the services are okay except for withdrawal.

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