Complete FXTM Broker Review

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FXTM (ForexTime) is a licensed and regulated Forex and CFD trading broker owned by Trading Point HoldingsLtd. The broker was established in 2012 and since then have been very outstanding in the forex trading industry, winning several awards since it was established.

Basic Information on the Broker

  • Regulator – CySEC, FSB, IFSC, FCA
  • Trading Platforms – MT4, Mobile Trading, Web Terminal
  • Available since – 2012
  • Minimum deposit
    • Standard: 100 $/€/£ ₦20,000
    • Cent: 5 $/€/£ ₦1,000
    • Shares: 100 $/€/£ ₦20,000
    • ECN: 500 $/€/£ ₦20,000
    • ECN Zero (with Strategy Account option): 200 $/€/£ ₦20,000
    • FXTM ECN MT5: 500 $/€/£ ₦20,000
    • FXTM Pro: 25,000 $/€/£ ₦5,000.000
    • Investment account: 100 $/€/£
  • Leverage – Up to 1:500
  • Spreads (& commission)
  • Minimum trade size – 0.01
  • Demo account – Available
  • Mobile Trading – Available
  • Trade Signals – Yes
  • US Clients
  • Islamic Account – No

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Trading Platform

FXTM offers their traders a variety of trading platforms to chose from which includes the MT4 and MT5 on various desktop and mobile devices as well as on WebTrader.FXTM Trading Platform

FXTM Also offers a VPS Service for clients who use automated trading strategies through expert advisors.

Other unique services offered on the FXTM platform includes the Trading Central technical analysis tool which is free
to use and a copy trading platform called FXTM Invest.

Mobile Trading

FXTM offers mobile trading as their users can access their trading accounts through a mobile app which can be downloaded on IOS from the App store and Android from google play store. Also, MT4 and MT5 are integrated into the FXTM platform which can as well be accessed through a mobile phone for those who love to use the MT4 and MT5 Trading platform.

Cryptocurrency Trading

FXTM offers its clients the ability to trade a variety of cryptocurrencies through their trading platform. Traders can choose from top cryptocurrencies to trade on including Bitcoin, Ethereum, Litecoin, and Ripple CFDs among others

Although, due to the fact that cryptocurrencies are more volatile than the normal currencies, the maximum leverage available to trade them is 1:10.

Account Types

FXTM offers a variety of trading account types which include; Standard, CENT, Shares accounts, ECN, ECN ZERO and Pro.

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Demo Account

FXTM offers their clients a fully functional demo trading account which virtual replenishable cash which makes it safe for investors/traders to test out strategies and practice trading without having to risk their actual investment capital.

Minimum Deposit

The minimum deposit for FXTM Varies depending on the account types. Below are the different minimum deposits assigned to different account types.

  • Standard: 100 $/€/£ ₦20,000
  • Cent: 5 $/€/£ ₦1,000
  • Shares: 100 $/€/£ ₦20,000
  • ECN: 500 $/€/£ ₦20,000
  • ECN Zero (with Strategy Account option): 200 $/€/£ ₦20,000
  • FXTM ECN MT5: 500 $/€/£ ₦20,000
  • FXTM Pro: 25,000 $/€/£ ₦5,000.000
  • Investment account: 100 $/€/£

Payment Methods

FXTM offers their clients a variety of payment methods including Bank Wire transfers, credit and, debit cards, local payment solutions and e-wallets such as Skrill, Neteller, Alsfa-Click, WebMoney, Western Union, Payza, Dotpay, Yandex, Qiwi, and Baidu Pay

Minimum Withdrawal

Using the FXTM Broker, clients can withdraw any amount as there is no minimum withdrawal amount.

Maximum Leverage

The Maximum Leverage allowed on FXTM is 1:500.

Spreads and commisions

FXTM offers one of the lowest spread in the industry, starting from just 0.1 on ECN accounts and 0.5 on Standard accounts.

Regulation & License

FXTM is a licensed and regulated broker as they are fully licensed in Cyprus, South Africa, Belize and in the Uk by CySEC, FSB, IFSC, FCA.

Customer Service

The FXTM customer support can be reached through various platforms including Skype, Live Chat, telephone, email ([email protected])

Is FXTM a Scam

FXTM has been in the forex trading industry for a very long time without any scam report. They are fully licensed and regulated and can, therefore, be trusted. Also, they have a very wonderful customer service and they are always ready to help.

FXTM Bonus

When it comes to giving a bonus, FXTM offers their clients several bonuses from time to time. click the link below to get access to their bonus.

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Is FXTM Available in the USA?

Unfortunately, FXTM is not available in the USA

Pros:

  • The Broker is licensed and regulated
  • Low-cost trading and tight spreads
  • Low commision fee
  • Low minimum deposit
  • Negative Balance Protection
  • High leverage
  • Demo account available
  • Choice of trading account

Cons:

  • No major problems

Conclusion

FXTM is one of the best brokers in the Forex/CFD industry and has gained some reputation for themselves by investing and participating in top events.

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