Our review of FXTM confirms that this is a highly reputable broker with a strong background and a wide variety of trading opportunities. FXTM entered the industry in 2011 and has since gained licenses from four top-tier authorities. The broker stands out with an average client approval time of less than 12 minutes, 84% of funds processed within five minutes, and a high customer approval rating. 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.
Trade more than 250 instruments, including forex and stocks- Benefit from an intuitive copy trading platform
- Licensed and regulated by the CySEC, FSCA, FCA, and FSC
- Best broker for its selection of trading tools
Does not accept clients from 8 countries
FXTM overall scores
In this review, you can find all the information you need to decide whether FXTM is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how FXTM scored in each of our high-priority categories.
FXTM fees and commissions
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.
Our experts have reviewed FXTM’s fees based on how they compare with the fees of other reviewed brokers. For each broker, we analyze both trading fees and non-trading fees:
– Trading fees are charged every time you place a trade. They include spreads, commissions, overnight and rollover fees, and currency conversion fees.
– 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. They include payment fees and inactivity fees.
Below you will find a snapshot of the fees charged at FXTM. Our experts have created these tables based on the fees applied to a standard account. We consider a standard account to be the one that will appeal to most traders, often not the cheapest option but not a premium option either.
The following table outlines the fees for Standard accounts:
| Trading Fees* | |
|---|---|
| TYPE OF FEE | COST |
| Minimum Spread EURUSD (pips) | 1.2 |
| Commission (%) | 0% |
| Commission on Islamic Accounts (%) | 0% |
*Based on Standard account type.
| Non-Trading Fees | |
|---|---|
| Account Fee | N |
| Inactivity Fees | Y |
| Deposit Fees | N |
| Withdrawal Fees | Y |
FXTM trading fees
It is no small feat to review the FXTM forex broker’s trading fees as there are six main account types, and each has a different set of fees. As mentioned, most accounts do not charge commission and instead make a profit for FXTM via spreads.
The following outlines the minimum spreads for each account type as well as commissions, where applicable:
- FXTM Standard Accounts have spreads from 1.3.
- FXTM Cent Accounts have spreads from 1.5.
- FXTM Shares Accounts have spreads from 0.1.
- FXTM ECN Accounts have spreads from 0.1 and commissions of $2 per lot.
- FXTM ECN Zero Accounts have spreads from 1.5.
- FXTM Pro Accounts have spreads from 0.0.
To give you a better idea of the spreads charged on various asset classes, we’ve created the following snapshot of minimum spreads across all account types:
- Forex: EUR/USD from 0.1, GBP/USD from 0.3, AUD/CAD from 2.5, EUR/HKD from 2.9
- Stocks CFDs: Apple from 17, BP from 2, Google from 130
- Stock trading: Apple from 2, Amazon from 21
- Spot metals: XAGEUR from 7.0, XAGUSD from 0.4, XAUUSD from 9.0
- European stock CFDs: Adidas from 19, Bayer from 4, Deutsche Post AG from 2
FXTM commissions
Only ECN accounts carry commissions at FXTM. 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.
Financing/overnight rates
If you review the FXTM broker’s overnight rates, you will notice that they are around average. To help you make a decision regarding your trades and to provide transparency, you can see the rates on the Contract Specification page of the FXTM website without logging in.
The following are some examples of swap rates from FXTM:
- EUR/USD: -0.02 short and -0.77 long
- GBP/USD: 0.02 short and -0.76 long
- AUD/CAD: -0.37 short and -0.33 long
- EUR/HKD: 0.82 short and -07.7 long
Overnight rates are settled on the second working day after the deal, between 23:59:45 – 00:00:00 (EET) from Monday to Friday. Any orders held overnight from Wednesday to Thursday are charged triple, to include weekend fees when the market is closed.
Non-trading fees
There are no general account fees associated with FXTM, but the broker does charge an inactivity fee. Our FXTM review team found that this inactivity fee is highly competitive at just $5 per month. Additionally, FXTM does not consider an account inactive until it has had no trading activity for six consecutive months. As such, the broker not only has a lower inactivity fee than most competitors, but FXTM also waits longer than most competitors to begin charging it.
There are no deposit fees with FXTM, however some withdrawal methods to carry fees:
- FasaPay: 0.5%
- Africa Local Solutions: 1 USD
- Latin America Solutions: 3.2% in Brazil, 1% + 1 EUR in Mexico
- South East Asia Online Banking: 1.4%
- Online Banking Malaysia: 2%
- Online Banking Indonesia: 2%
- Nganluong: 1.1% + 0.05 USD
- Online Banking Vietnam: 2%
- Visa, MasterCard, or Maestro: 2 EUR/3 USD/2 GBP
- Cryptocurrency: 1%
- WebMoney: 2%
- Money: 1.5%
- QIWI: 1.5%
- Perfectmoney: 0.5%
- Konnexone: 2%
- Bank wire transfer (EUR): 30 EUR
We encourage you to keep in mind that there are also many commission-free withdrawal methods.
FXTM safety
Our review of the FXTM forex broker found multiple reasons to trust this broker, including the fact that it is licensed and regulated by CySEC, FSCA, and the UK’s FCA. As these are some of the most stringent regulators in the market, you can rest assured that FXTM is economically stable and responsible. FXTM also offers compensation via the Financial Commission’s Compensation Fund, and you’ll benefit from free negative balance protection no matter which account type you choose.
Our review of FXTM confirms that this is a highly reputable broker with a strong background and a wide variety of trading opportunities. FXTM entered the industry in 2011 and has since gained licenses from four top-tier authorities. The broker stands out with an average client approval time of less than 12 minutes, 84% of funds processed within five minutes, and a high customer approval rating. 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.
Trade more than 250 instruments, including forex and stocks
Benefit from an intuitive copy trading platform
Licensed and regulated by the CySEC, FSCA, FCA, and FSC
Best broker for its selection of trading tools
Does not accept clients from 8 countries
FXTM overall scores
In this review, you can find all the information you need to decide whether FXTM is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how FXTM scored in each of our high-priority categories.
FXTM fees and commissions
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.
Our experts have reviewed FXTM’s fees based on how they compare with the fees of other reviewed brokers. For each broker, we analyze both trading fees and non-trading fees:
– Trading fees are charged every time you place a trade. They include spreads, commissions, overnight and rollover fees, and currency conversion fees.
– 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. They include payment fees and inactivity fees.
Below you will find a snapshot of the fees charged at FXTM. Our experts have created these tables based on the fees applied to a standard account. We consider a standard account to be the one that will appeal to most traders, often not the cheapest option but not a premium option either.
The following table outlines the fees for Standard accounts:
| Trading Fees* | |
|---|---|
| TYPE OF FEE | COST |
| Minimum Spread EURUSD (pips) | 1.2 |
| Commission (%) | 0% |
| Commission on Islamic Accounts (%) | 0% |
*Based on Standard account type.
| Non-Trading Fees | |
|---|---|
| Account Fee | N |
| Inactivity Fees | Y |
| Deposit Fees | N |
| Withdrawal Fees | Y |
FXTM trading fees
It is no small feat to review the FXTM forex broker’s trading fees as there are six main account types, and each has a different set of fees. As mentioned, most accounts do not charge commission and instead make a profit for FXTM via spreads.
The following outlines the minimum spreads for each account type as well as commissions, where applicable:
- FXTM Standard Accounts have spreads from 1.3.
- FXTM Cent Accounts have spreads from 1.5.
- FXTM Shares Accounts have spreads from 0.1.
- FXTM ECN Accounts have spreads from 0.1 and commissions of $2 per lot.
- FXTM ECN Zero Accounts have spreads from 1.5.
- FXTM Pro Accounts have spreads from 0.0.
To give you a better idea of the spreads charged on various asset classes, we’ve created the following snapshot of minimum spreads across all account types:
- Forex: EUR/USD from 0.1, GBP/USD from 0.3, AUD/CAD from 2.5, EUR/HKD from 2.9
- Stocks CFDs: Apple from 17, BP from 2, Google from 130
- Stock trading: Apple from 2, Amazon from 21
- Spot metals: XAGEUR from 7.0, XAGUSD from 0.4, XAUUSD from 9.0
- European stock CFDs: Adidas from 19, Bayer from 4, Deutsche Post AG from 2
FXTM commissions
Only ECN accounts carry commissions at FXTM. 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.
Financing/overnight rates
If you review the FXTM broker’s overnight rates, you will notice that they are around average. To help you make a decision regarding your trades and to provide transparency, you can see the rates on the Contract Specification page of the FXTM website without logging in.
The following are some examples of swap rates from FXTM:
- EUR/USD: -0.02 short and -0.77 long
- GBP/USD: 0.02 short and -0.76 long
- AUD/CAD: -0.37 short and -0.33 long
- EUR/HKD: 0.82 short and -07.7 long
Overnight rates are settled on the second working day after the deal, between 23:59:45 – 00:00:00 (EET) from Monday to Friday. Any orders held overnight from Wednesday to Thursday are charged triple, to include weekend fees when the market is closed.
Non-trading fees
There are no general account fees associated with FXTM, but the broker does charge an inactivity fee. Our FXTM review team found that this inactivity fee is highly competitive at just $5 per month. Additionally, FXTM does not consider an account inactive until it has had no trading activity for six consecutive months. As such, the broker not only has a lower inactivity fee than most competitors, but FXTM also waits longer than most competitors to begin charging it.
There are no deposit fees with FXTM, however some withdrawal methods to carry fees:
- FasaPay: 0.5%
- Africa Local Solutions: 1 USD
- Latin America Solutions: 3.2% in Brazil, 1% + 1 EUR in Mexico
- South East Asia Online Banking: 1.4%
- Online Banking Malaysia: 2%
- Online Banking Indonesia: 2%
- Nganluong: 1.1% + 0.05 USD
- Online Banking Vietnam: 2%
- Visa, MasterCard, or Maestro: 2 EUR/3 USD/2 GBP
- Cryptocurrency: 1%
- WebMoney: 2%
- Money: 1.5%
- QIWI: 1.5%
- Perfectmoney: 0.5%
- Konnexone: 2%
- Bank wire transfer (EUR): 30 EUR
We encourage you to keep in mind that there are also many commission-free withdrawal methods.
FXTM safety
Our review of the FXTM forex broker found multiple reasons to trust this broker, including the fact that it is licensed and regulated by CySEC, FSCA, and the UK’s FCA. As these are some of the most stringent regulators in the market, you can rest assured that FXTM is economically stable and responsible. FXTM also offers compensation via the Financial Commission’s Compensation Fund, and you’ll benefit from free negative balance protection no matter which account type you choose.
FXTM licenses and regulation
FXTM is licensed and regulated by various organizations around the world, with a slightly different trading name in most regions:
- ForexTime Limited is licensed by the Cyprus Securities and Exchange Commission (CySEC) under CIF license 185/12, the Financial Sector Conduct Authority (FSCA) in South Africa under FSP number 46614, and the Financial Conduct Authority (FCA) in the United Kingdom under number 600475.
- ForexTime UK Limited is authorized and licensed by the FCA under license number 777911.
- Exinity Limited holds an Investment Dealer license with the Financial Services Commission of the Republic of Mauritius under number C113012295.
Additionally, Exinity Limited is part of the Financial Commission, which is an organization that resolves disputes in the forex market of the financial services industry around the world. This gives you an extra layer of protection should anything happen to the broker.
Is FXTM safe?
Our review methodology considers several factors to ensure that all of our recommended brokers are safe and reputable. Alongside the number and strength of licenses, we also consider:
- What protection and/or insurance FXTM offers should something go wrong
- FXTM’s reputation, history, and management
FXTM client protection
Under the relevant regulations, FXTM offers client fund protection in the form of compensation, which is as follows:
It is important to note that due to the nature of the Financial Commission, the entire client base of FXTM is not automatically entitled to compensation in the event of insolvency. Each client must file the Dispute Resolution Process in the unlikely event that FXTM becomes insolvent.
As you review FXTM safety precautions, you will also notice that all accounts carry negative balance protection free of charge.
FXTM background and reputation
FXTM has its headquarters in Cyprus and has been in business since 2011. This moderately long history indicates that FXTM is here to stay and is unlikely to face major problems in the near future.
To get a stronger idea of FXTM’s reputation, consider that the broker has received over 90% positive feedback from its traders. In addition to positive FXTM forex broker reviews, the broker has earned 30 awards throughout its history including Best Trading Experience at the 2020 World Finance Forex Awards.
Importantly, FXTM always stores client funds in segregated accounts held with top-tier EU banks to ensure that the funds are always protected. The broker additionally takes all necessary precautions to keep personal client information and other details safe.
This includes using the SSL protocol for safe connections. Thanks to server authentication and user identification processes, FXTM ensures data goes to the proper server and customer terminal. All data transmission is encrypted to stop unauthorized access or data theft. As such, you can rest assured your personal information and banking details are always protected.
Opening an account with FXTM
Not only is opening an account with FXTM straightforward, but the broker approves clients in an average of 12 minutes. This is much quicker than other brokers, who often take up to 72 hours to verify supporting documents. To register with FXTM you will need to provide some basic information and the process can be completed from desktop or mobile. The minimum deposit of just $10 for the Standard Cent account is also highly accessible for most clients.
Is FXTM available in your country?
FXTM is a global broker with clients in over 150 countries. That being said, our FXTM broker review cautions that the broker does not provide services to residents of the following jurisdictions:
- Hong Kong
- Canada
- Democratic Republic of Korea
- Haiti
- Japan
- Mauritius
- Occupied Area of Cyprus
- Puerto Rico
- Suriname
- USA
How to open an account at FXTM
You should find it incredibly easy to open an account at FXTM as the process is fully digital which makes it straightforward and quick.
- Step 1
Select Open Account on the top right corner of the website
- Step 2
Enter your full name, country, email address, and phone number. Choose a password.
- Step 3
Click Send PIN and enter either of the PINs you receive. You will be sent one PIN on your phone via SMS and the other through your email. Agree to the terms and conditions and click Register Now.
- Step 4
Complete the questionnaire, detailing further personal information, trading aims, and trading knowledge.
- Step 5
Submit the required documents to verify your account.
- Step 6
Fund your account and start trading.
What you will need to open an account
Like all brokers, FXTM requires you to submit some personal information and documentation before your account can be verified. Here’s what you’ll need:
- Personal information –Full name, address, phone number, country, email address, and tax residency information.
- Regulatory information – Employment details, proof of forex knowledge, trading aims, and income.
- Documentation – Proof of identity and proof of address, both of which must be in the form of clear color copies. The proof of identity can be a national identity card, driving license, passport, or a government-issued ID. The proof of address may be counted as proof of identity if it has the right residential address listed. Otherwise, you will also need a bank or card statement or a utility bill from the past six months.
To open an account with FXTM, you’ll need to provide proof of identity and proof of address. This process allows FXTM to meet KYC (Know Your Customer) guidelines. KYC guidelines keep you safe and stop the broker from accidentally facilitating illegal practices such as money laundering.
What is the minimum deposit at FXTM?
The minimum deposit limits at FXTM are incredibly accessible, especially if you choose the Standard Cent Account. This account type has a minimum deposit of just $10 (or €/£ 10 or ₦2,000). Other account type minimum deposit limits are as follows:
- Standard and Shares Accounts – $100 (or €/£ 100 or ₦40,000)
- ECN Zero Account – $200 (or €/£ 200 or ₦80,000)
- ECN Account – $500 (or €/£ 500 or ₦80,000)
- FXTM Pro Account – $25,000 (or €/£ 25,000 or ₦5,000,000)
FXTM payment methods
Our FXTM forex broker review team is highly impressed by the range of payment methods available. Many are available in various countries, while others are region-specific. All FXTM accounts are available in USD, EUR, GBP, or NGN (only Nigerian clients). The following chart outlines the payment methods available at FXTM. Keep in mind that FXTM does not have a maximum deposit amount, but individual payment methods may have their own.
FXTM account types
One of the many areas where FXTM stands out in our forex broker review is in the variety of account types that are available. There are a total of six account types to choose from, including three standard accounts and three ECN accounts, so you can be certain you’ll find one to suit your needs.
Demo accounts
Our FXTM broker review team strongly encourages you to take advantage of the broker’s demo account before trading with real money, especially if you are new to forex and CFD trading. The demo account lets you familiarize yourself with the various trading platforms on offer and test trading strategies, the latter of which benefits all skill levels.
Islamic accounts
Islamic accounts are available for all account types, except with MT5 and when trading exotic currency pairs. Our FXTM review team found that there was no need to contact the broker to open an Islamic account. Instead, you can either choose this option when you first open your account or you can go to Accounts Overview and then click on the green arrow that is next to Deposit on your trading account. There, select ‘Enable swap-free mode’. If your account does not have this option available, then you will need to contact FXTM who will take care of your request promptly. We found the process notably easier than at other brokers.
FXTM trading platforms
As you review FXTM platforms, you will find familiar options such as MetaTrader 4 and MetaTrader 5. Both these platforms are available on a range of devices, ensuring that you can easily trade when and where you want. Additionally, FXTM has a proprietary mobile application, named FTXM Trader, which is relatively new and accessible for all account types. All trading platforms offered come with a range of indicators and drawing tools too.
FXTM offers three trading platforms. A trading platform is simply a software interface that allows you to place trades. Trading platforms often come with charting, research, and order processing tools too.
To ensure that we only recommend high-quality brokers, our reviewers have tried and tested each of FXTM’s trading platforms. When doing so, they considered a range of factors including how easy the platforms are to use, what features each trading platform offers, and how suited each platform is to different types of traders.
FXTM Trader
FXTM Trader is the broker’s proprietary mobile trading platform. Our FXTM broker reviewers found the application intuitive to use, with excellent functionality. You can use indicators and other features on the mobile app, however, you will not be able to use Expert Advisors or trailing stop orders as these are only available through other platforms.
Most people who trade on mobile applications combine them with desktop or web trading platforms, so these minor limitations should not be a problem. Other than that, you have nearly full functionality on the mobile app. You can use it to view live currency rates, manage all trading accounts, and open or close positions in a matter of seconds with one-click trading. The trading dashboard also allows you to see details of your trades, including profit, margin, and balance.
You can access MyFXTM from the platform, to monitor funds or make withdrawals and deposits. The mobile application is available from both the Google Play and the Apple App Store. The application also lets you trade across devices, so you can switch from mobile to your computer when convenient.
MetaTrader 4
MetaTrader 4 is the most popular forex trading platform in the world and for good reason too. Our FTXM reviewers were happy to find that the broker provides access to MT 4 on Mac, PC, and both iOS and Android mobile devices and tablets. The platform is available in over 20 languages too.
Trading with FXTM via MT4 gives you access to multi-device functionality and easy-to-read interactive charts. With MT4, you can choose between three order execution types and four pending order types. For analytics, enjoy nine timeframes, 31 graphical objects, 30 technical indicators, and a single-thread strategy tester.
MetaTrader 5
If you want a more advanced trading platform, we suggest MetaTrader 5 with FXTM. It is available in 30+ languages and is also available via PC, Mac, tablet, and mobile.
Some standout features of MetaTrader 5 include the fund transfer capability between accounts, alerts, and the multi-threaded strategy tester. MetaTrader 5 has six pending order types and four order execution types. You can use 21 timeframes, 44 graphical objects, and 38 technical indicators to analyze data with MT5.
This platform also incorporates an economic calendar and the MQL5 community chat that lets you communicate with other traders.
What is the execution policy at FXTM?
The execution policy at FXTM depends on the account type. Standard, Cent, and Shares Accounts have instant market maker execution while ECN, ECN Zero, and FXTM Pro Accounts follow an ECN policy with market execution. For transparency, you can view requote, slippage, and order execution statistics from FXTM on the broker’s Performance Statistics page.
Standard Accounts allow for 30 lots per trade, up to 100 orders, up to 200 lots of orders, and up to 100 pending orders. These figures are 1, 300, 10, and 100 for Cent Accounts and 10, 100, 20, and 100 respectively for Shares Accounts.
All ECN type accounts allow for unlimited orders and unlimited volume in lots of orders with up to 300 pending orders. There is a maximum volume of 100 lots per trade for ECN and ECN Zero Accounts and 250 for FXTM Pro Accounts.
FXTM offers fifth-decimal pip pricing for forex, two for shares, and spot metals vary between two and three. This allows the broker to be as accurate as possible.
FXTM markets and products
Our FXTM reviewers were impressed with the broker’s extensive range of asset classes and instruments. Availability varies slightly between account types, yet no matter which you choose FXTM provides you with plenty of trading opportunities. Choose between currency pairs, spot CFDs, spot metals, cryptocurrencies*, and shares.
*Availability subject to regulations
| Instrument | Number |
|---|---|
| Currency Pairs | 59 |
| Commodities | 3 |
| Precious Metals | 5 |
| Indices | 11 |
| Stocks and Shares | 170 |
| Cryptocurrencies | 4 |
| Options | 0 |
| ETFs | 0 |
Currency pairs
Trading currency pairs with FXTM gives you access to the world’s most liquid market. Leverage can reach as high as 1:2000, and spreads can be as low as 0.1 pips on ECN accounts. The available currency pairs include 19 majors, 22 minors, 19 exotics, and two RUB pairs.
Commodities
FXTM lets you trade commodity CFDs on instruments such as oil and gas, giving you the chance to diversify your portfolio without having to own the product. Spot commodities include UK Brent, US Crude, and US Natural Gas. This gives you the ability to choose instruments of this asset class from around the world.
Precious metals
As with most other asset classes, you can trade precious metals on FXTM in the form of spot metal CFDs. Metals are commonly considered safe havens, making them popular during volatile times and a good way to diversify your portfolio. With FXTM, you can trade silver or gold, doing so against up to three currencies. Silver can be traded against the EUR or USD, while gold can be traded against the EUR, GBP, or USD. This range of base currencies helps FXTM appeal to global traders.
Indices
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.
Stocks and shares
FXTM also offers access to shares in the form of CFDs. Shares Account holders have access to more than 120 US shares and 40 European shares in this form. By trading shares in the form of CFDs instead of directly, you can open a position in either a bear or bull market.
The US share CFDs are highly varied. You will find major names, such as Apple and Google, as well as others not always offered by competitors, such as Bed, Bath & Beyond. The European share CFDs provide excellent diversification options, with choices from across the continent, including the UK, France, Germany, the Netherlands, and more.
FXTM Pro Account holders can also trade stocks with the broker in the traditional sense. This is a rare offering from a Forex broker, giving FXTM a competitive advantage. The available stocks are all listed on the NASDAQ and the NYSE.
Cryptocurrencies
Yet another CFD offering from FXTM is cryptocurrency. This is a growing investment strategy and a great way to diversify your portfolio. With FXTM, you don’t need to go through the hassle of creating a crypto wallet either, as you can trade BTC, ETH, LTC, and RPL against the USD directly on the broker’s platforms. Please note, the availability of cryptocurrencies is subject to regulations.
Social trading
Those interested in social trading or copy trading can do so via FXTM Invest. You can take part in this with just $100. With FXTM Invest, you choose a Strategy Manager and follow his or her trades. This allows you to take advantage of advanced trading strategies with minimal technical skills and time.
The rankings help you choose a Strategy Manager based on trading days, drawdown percentage, risk level, and monthly returns. When you use FXTM Invest, you share a percentage of your profits with the Strategy Manager as commission.
FXTM research tools
Our review of FXTM research tools is highly favorable, as the broker offers daily analysis, an economic calendar, and even a free virtual private server (VPS) to help you trade 24/5 with Expert Advisors. There are also multiple calculators including a currency converter and the FXTM Invest profit calculator. Overall, FXTM provides everything you need to get the most from your trades.
News
News at FXTM is mixed together with the daily market analysis. In this section, you will also find numerous current affairs articles, which outline they affect the various tradable markets. If you prefer just news, then the Forex News Timeline provides this. You can access this news via the FXTM website or from within MetaTrader.
Trading signals and indicators
FXTM’s trading signals come directly from the broker’s market experts who consider several factors, including popular technical indicators and alternative scenarios. The trading signals offered combine elements of daily updates before market opening, protective stop-loss recommendations, exploring scenarios, up to four take-profit levels, and popular technical indicators.
The FXTM Pivot Points Strategy is also worth mentioning. This unique tool helps you understand price direction and market sentiment, in relation to resistance and support levels. You can access it when logged into your FXTM account and use it to create strategies based on your pivot point method, risk profile, and trading style. It features eight timeframes, MACD, moving average, and momentum, and five calculation methods.
Trade ideas
You can find trade ideas from FXTM in the Monthly Market Outlook as well as via the previously mentioned trading signals.
Expert analysis
FXTM has a dedicated team of analysts with a solid industry background. Short descriptions of their qualifications can be found on the website. The Daily Market Analysis page includes detailed articles as well as videos featuring technical analysis and other methods. This allows you to review FXTM analysis in the form that you prefer. For longer-term planning, FXTM also maintains a Monthly Market Outlook page.
FXTM education and training
We encourage traders of all skill levels to review FXTM’s educational resources. Here you will find videos, articles, seminars, webinars, e-books, a glossary, and comprehensive guides, among other resources. There is even a periodic table of investments to help traders gain a firm grasp of relevant topics and strategies.
FXTM customer support
After reviewing and using FXTM’s customer support options, our team confirmed that contacting the broker is both easy and quick. You can do so via live chat, phone, or email, and this service is available in an impressive 18 languages. All clients also receive their very own personal account managers.
To help provide support that is specific to your needs and in your chosen language, FXTM provides multiple contact addresses, phone numbers, and/or email addresses for different countries and regions. These include China, India, Indonesia, Malaysia, Nigeria, Thailand, and South Korea. There are also two physical locations in Nigeria, one in Abuja and one in Lagos with a further office based in London. The following are the contact details for general customer support, all phone numbers are registered in the UK:
- Live chat
- Phone: +44 20 3734 1025
- Telegram: @UKFXTM_bot
- Facebook Messenger: ForexTime
- Viber: +447593612469
- WhatsApp: +447440961025
Customer support responded quickly when we contacted them, and we found the support team to be knowledgeable and ready to answer our questions. If you prefer, you can also browse the broker’s comprehensive FAQ guide before reaching out to an agent.
FXTM mobile compatibility
After completing an FXTM test drive on our mobile devices, we are happy to report that most of the website is readily accessible on mobile devices. Trading with FXTM on mobile should never be a problem either, as you can always choose between the MT4, MT5, and FXTM Trader applications.
FXTM information
- Year Founded: 2011
- Company Trading Names: ForexTime Limited, ForexTime UK Limited, Exinity Limited
- Licenses: CySEC, FSCA, FCA, and FSC
- Headquarter Address: FXTMTower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus
- Phone Number: +44 20 3734 1025
- Facebook: https://www.facebook.com/ForexTime
- Twitter: https://twitter.com/ItsForexTime
Risk Disclaimer: FXTM offers CFD products. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Our methodology: This review of FXTM has been created using accurate data and unbiased facts. To test the broker, we have used our unique and detailed methodology, which assesses over 200 criteria points in 10 key areas. This guarantees that all of our reviews are fair and extensive.
We update our methodology and reviews regularly. Methodology updates are made so that new broker features and products are taken into consideration. Review updates ensure that all the information we provide is current and correct.