Its ‘table-accordion’ commissions are based on a customer’s account equity and trading volume – the higher a client’s equity and trading volume, the lower the commissions. Differences between the accounts include things such as ECN MT4 operating with the commission charged on open positions (approximately US$4 per lot). In ECN Zero MT4, there is no commission charged on open positions.

FXTM Micro Account

The actual markets offered vary across account types and which entity you sign up with, but the maximum range of forex markets available is 19 major currency pairs, 22 minors and 19 exotics. Spreads on these range from EURUSD with a minimum spread of 0.1, down to USDTRY and GBPPLN, which have minimum spreads of 20.0 and 3.1 respectively. The next ECN account type available with the broker is the FXTM Advantage account. It offers ECN and market execution through both the MT4 and MT5 trading platforms. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.

FXTM Pro ✔

The cent account is a variation on the standard in that all deposits are displayed in cents regardless of amount funded. It also comes with kvb forex free mirror demo account and requires just £10 or equivalent to fund the live version. It is worth noting that FXTM permits opening of multiple live accounts. This is important since not all asset classes can be traded through every account type. Those who are eligible for an account can open a demo account in a matter of minutes. This offers an insight into the platform’s functionality and provides access to virtual funds with which to practice trading.

Whether you’re the type of trader that learns through visual or text-based mediums, FXTM has an option that caters to you. This help me to get experience without loosing a lot of money while first training. Also, the site make easy for me to have many option when deposit or withdrawal. With the help of Customer Support Representative (Ngo Duc) I am doing just fine.

How Are Execution, Leverage And Position Sizing With FXTM?

In addition, you should always consider other fees like non-trading fees like, and withdrawal fees which we will see in detail further. Besides the wealth of informative educational materials on the FXTM site, this platform has a solid customer support service. You can get assistance from agents 24 hours a day over the phone, via live beaxy exchange review chat, or through third-party platforms like WhatsApp and Telegram. FXTM’s three non-ECN accounts are the Standard, Cent, and Shares accounts. Cent accounts work in a balance of cents rather than dollars and have a tiny minimum deposit amount of $10. Meanwhile, the Share accounts allow you to trade in European and US shares and have a reduced minimum spread value of 0.1, compared to 1.3 for Standard accounts and 1.5 for Cent accounts.

One area that stands out is that the live chat feature is staffed by real people (not chatbots) which makes it possible to use this communication method to answer even more complicated questions. The fastest contact methods are phone and any of the live chat options. FXTM exclusively uses the MetaTrader family of apps for mobile trading. While the brokerage also offers its own in-house FXTM app for iOS/Apple and Android, this app is designed to be used only for account maintenance and account syncing. FXTM periodically hosts trading contests that are open to traders of all skill and experience levels.

1. Real stock trading is available with FXTM in a feature not often available with many brokers.
2. FXTM customers can use their accounts to trade currencies, CFDs, shares, and commodities.
3. However, for the withdrawal of funds, the commission does not exceed 2%, just as if the client replenishes the trading account through a bank transfer, the commission is 30 euros.
4. The rest of the service is something that will appeal to experienced as well as novice traders.

Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings.

FXTM an inactivity fee of $5 per month after 6 months of dormancy. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. He has also published a book in 2023 on on investing and trading.

Spreads are generally higher, often twice as high, than commission-based offers, and FXTM is no exception. After conducting an updated 2024 review of FXTM, we have found them to be the best-rated forex broker for forex education and analysis when trading CFDs. Whether you’re a new trader looking for tutorials and webinars on the basics, or you’re an experienced trader looking for world-class market analysis. Forex Time offers an extensive range of educational resources, making it an ideal platform for beginners.

Alongside FXTM’s top 5 strengths we’ve reviewed above, we’re going to finish this FXTM review with some final points about the broker and then frequently asked questions (FAQs). FXTM have multiple business entities, regulated by multiple financial authorities. If you’re a new client to FXTM, it might be worth considering choosing the MetaTrader 5 (MT5) platform from the start. We’re super happy to know that you’re enjoying your Trading Experience with FXTM.

The award-winning platform certainly has the feeling of being set up by people who know what they are doing. The firm demonstrates an understanding of what helps traders make better returns, and its success can be measured by the fact that it’s doubled the number of clients it supports in recent years. The fact that the broker has grown to have more than two million accounts suggests it is getting things right for clients. Even as an Islamic trader you can access this account type through a swap-free account that is fully Shariah law compliant. Overall, if you can stand the higher spreads, it is a great entry-level account for you to start trading easily. FXTM maintains 60 currency pairs, 8 commodities, 21 index CFDs, 802 equity CFDs, and 639 US-listed stocks.

Here is the minimum spread for the EUR/USD and the trading costs per 1 standard lot in both. Forextime is also acquiring a regulatory license in Kenya as it expands across the African continent. On February 26th, 2021, FXTM ceased its retail operations from its CySEC regulated entity. It cited the uncompetitive regulatory framework introduced by the European Securities and Markets Authority (ESMA) for its reason. FXTM is a legitimate, safe, and secure broker, as it is highly regulated, holding licenses in several jurisdictions, including the tier 1 financial center of London. Its UK license may entitle account holders to state compensation in the event of broker bankruptcy of up to £85,000.

As one of the good advantages, FXTM covers almost the globe, so traders from various countries can sign in, also with the lowest spreads. With the FXTM app, available on both Android and iOS devices, you can monitor live rates and adjust your positions wherever you are. The inclusion of demo accounts and a flexible leverage system makes this a good trading platform for beginners and experienced forex traders alike. Forex Time, commonly known as FXTM, is a well-established online trading platform that has gained popularity among both novice and experienced traders. In this Forex Time review, we will discuss the platform’s features, advantages, and whether it is the best choice for beginners. A swap-free version is available for use with the MT4 platform only.