The strong language support follows through here too with all of the same languages available for customer service as on the website. FXTM services through their website are available in more than 10 languages. This includes English, Spanish, French, Arabic, Chinese, Urdu, Hindi, and more.
FXTM Trading Signals
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. There are no commissions on any of the FXTM standard account types. Standard account types are best for new traders who may be trading on smaller accounts. Each account type allows clients to focus on different asset classes, as well as offering different spread and commission price models.
- ForexTime’s minimum and maximum deposits depend on the type of account that you choose.
- One of the coolest tools is called the FXTM Periodic Table, which helps you learn forex terminology in a highly visual format.
- The ForexFXTM platform is full of handy features to help you manage trades.
- There is a free demo account you can take advantage of before committing your money to the broker so you can get a feel for how it works.
FXTM also maintains its FXTM Trading Signals service for traders seeking actionable research. I highly recommend the commission-based option as trading costs remain among the best industry-wide, while the commission-based account charges relatively expensive fees. Besides offering tight spreads for competitive commissions, FXTM also keeps swap rates on leveraged overnight positions low. Hong Kong equities as CFDs face additional fees, which also remain very low. Newcomers to foreign exchange trading will appreciate ForexTime’s vast library of educational resources. Here, you can explore ebooks, forex trading webinars, and glossaries of common forex trading terms.
Broker Types
This aligns closely with Similarweb traffic figures from February 2024, which place FXTM as the 31st most visited broker, with 473,000 global website visits. FXTM’s MT4 platform also allows traders to access the multi-terminal feature that is unavailable on MT5. The Pepperstone vs FXTM review page will help you compare the spreads and features and see FXTM as a leading spread broker. Use the calculator below to compare FXTM’s trading costs with competitors such as Pepperstone, Eightcap and CMC Markets, adjusting for trade size, currency pair, and base currency. Their customized MetaTrader platforms (4, 5) earn high marks from traders – more than 2 million to date have used the platform.
Forex demo account is available for MT4 and MT5 and allows traders to select the demo account balance and leverage. While no demo xcritical website account can simulate live trading conditions, the options available at FXTM come as close as possible to doing so. FXTM provides a Knowledge Hub aimed at supporting traders of all experience levels.
Does FXTM take Perfect Money?
- Bitcoin, Ethereum, Litecoin, xcritical trading is all available when trading CFDs on cryptocurrencies through FXTM.
- A total of 5 indices are available to be traded as CFDs with the broker.
- The next ECN account type available with the broker is the FXTM Advantage account.
- The broker establishes its core on reliable trading conditions and detailed education and brings trading across the world with its accessible trading globe, regardless of the trader’s knowledge.
You can earn up to 40 percent commission for each trader who profits by following your trading strategies. A swap-free version is available for use with the MT4 platform only. xcritical official site Available asset classes include major/minor/exotic currency pairs, spot metals, spot CFDs, crypto-currencies (some variation based on which platform you use). The MyFXTM back office is where traders make all their deposits and withdrawals.
The company permits you to withdraw all your winnings and zero commission using skrill, Neteller, and China Union pay. Additionally, you can perform withdrawals on reduced commissions in a 1% to 1.5% range. The company is regulated in the E.U and U.K and the promotions and bonuses are also permitted away from the places.
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.