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FXTM Around the World

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The customer support at FXTM is quite reliable. There is always someone available to deal with your issue since the customer support desk operates 24 hours during regular weekdays. Additionally, customer support is offered in a variety of languages. There is also the option to contact a company rep via email or phone in various locations globally.

Company information

FXTM is committed to ensuring that as many people as possible can actively participate in the forex and stock markets and make a profit. As a result, the platform has an ongoing educational program.

2017-2018 ForexTime Apollon Players

This program entails webinars, educational material such as articles and tutorials as well as a glossary list that explains all the complex terms used in the forex-trading world. FXTM has an active loyalty program. This program is called Loyalty Cashback. It gives you cash that you can withdraw instead of virtual points that offer limited usability. There are five levels to this program. As long as you are in the program and continue to trade, you will continuously get rewards for up to six months.

These levels are determined by the amount that you deposit. Opening an account on FXTM is quite easy. Once you open an account, you will have to undergo KYC screening. Additionally, you will need to verify the payment method that you pick. The team behind the FXTM online broker understands what it entails to please its clients. Thus far, the platform has received numerous accolades for offering quality and reliable services to its clients. Its willingness to be regulated in different jurisdictions shows that it is committed to protecting the investments of its clients.

Save my name, email, and website in this browser for the next time I comment. Then there is a further split to your preference of the trading transactions, instrument and the trading size, which all in all offers you 6 Account types. Making the story short, it means that if you prefer to use ECN execution you have a choice between various FXTM ECN accounts, or an option to be based on Standard Accounts with no commission and all costs built into the spread. In this FXTM review, we will cover Forextime offering in detail so you would understand conditions better.

FXTM Shares Account is specifically designed for traders who prefer trading on stocks over US shared, allowed hedging and as spreads as low as 0. So as you see there are plenty of flexible choices between the best working model for you, which might be confusing at some moment but generally very well organized with or opinion. FXTM accepts clients from almost every world country, however there are might be some restrictions due to regulations alike implemented for residents of Japan, USA, etc.

So step by step process of opening requires you to follow the FXTM sign-in link where you will be guided through a quite simple process of opening step by step. Getting to another important question about Fes, which are mainly built into a spread are 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. This type of fees brings you the simplicity of the calculation and is the best suitable option for many traders despite the strategy.

If you wish to trade Shares , the spreads leverage will be the only charge, which is a quite competitive and very pleasant offering compared to the industry. 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. But, as we see FXTM proposal is very flexible so with account types and depending on the instrument you trade FXTM may bring you almost the best proposal in terms of its fees.

So while you trade with Standard proposal there is no commission charges, as all costs built into a spread. A commission that you will be charged in case you use ECN MT4 account, is defined by the trading volume you operate see snapshot below. Moreover, there is an additional feature for FXTM Invest Account , a quite simple profile that including copy trading tool supported by the Top Strategy Managers and suitable for the traders of almost all degrees.

Contract specifications

Despite this, there is no deposit fees or some of the withdrawals are free as well, which we will see in our FXTM review further, so all in all FXTM fee structure is quite transparent and well built. In terms of the funding methods, FXTM made it quite simple and straight forward process with a truly wide range of funding options that will assist you to find a suitable money transfer provider.

In order to fund an account or to send money to it you may choose among the following methods, which may also vary according to your country of origin. Also, FXTM is really quick with your deposit processing, as it mentions within 2 hours money will be available at your account so you may start trading instantly.

Also, all deposit fees are covered by the company which is great for your smart money management. Once you decide to withdraw money from you account you obviously should submit an online request and follow with the required procedure. To make it short you simply should follow the following steps. From the moment you submit and confirm the request to withdraw money from your account the accounting department of FXTM typically processed and confirm withdrawal within 2 business days.

Yet, you should always consult with customer service and confirm data, as various jurisdictions may apply slightly different rules. Also, give it some days for the payment provider to process the transaction that also depending on particular international or provider rules. Since the variety of payment methods truly widely presented, the withdrawal fee varies from one option to another. However, these withdrawal fees still considered to be on a low level comparing to other industry offerings.

Alpari's Dashin ploughs on with broker FXTM after franc rout

Another great possibility offered by FXTM is an option to get Bonus through frequent promotions and cashback programs broker offers. However, the Bonus program is strictly available only for the international brand of FXTM and those clients that are trading or holding an account with Exinity Limited, registered under the laws of Mauritius.

Also note, every bonus program applies specified terms and conditions on how it should be used or accessed. Generally speaking, FXTM offers good range selection of markets and account features among the industry brokerage offering. It is also good to compare FXTM to other industry offerings, so in the table below you may see available assets and instruments.

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. If you require more tools along with powerful customization you better choose Desktop version. To benefit from the lower spread of the ECN account there's a cost to pay: a commission. We consider this commission to be slightly lower when compared with other top brokers.

The only downside with the Pro account and its very competitive rates is that to qualify, the account needs a minimum balance of 25, USD, which could be a problem for a lot of traders. We consider these swap rates to be average compared with the rollover rates offered by other top Forex brokers.

With several thousands accounts opened in more than 7 years of business, FXTM seem to have their fair market share and managed to capture the attention of traders. To note that the range of account currencies available is not the best. FXTM only accepts 4 base currencies, meaning that global traders will have to have their funds exchanged to one of the broker's accepted currencies.

FXTM is not so popular also regarding available trading platforms, in some accounts only the MT4, which could be less appealing to a lot of traders.

Perhaps it's something that FXTM could review in the future, and if so, we will post it here. FXTM scores higher with traders looking for swap-free even if only temporary trading.

ForexTime FXTM review

Traders can set the swap-free option directly from the MyFXTM account panel and enjoy depending on the currency cross up to 4 days of swap-free trading. FXTM provides services in leveraged trading, giving it's client's the potential to generate financial returns on both rising and falling prices across FX, indices, commodities, shares and cryptocurrencies.

Services are available to a wide range of different customer types including retail, business to business, institutional investors, portfolio management, introducers and also affiliates. FXTM offers multilingual customer support which recognizes the individual needs of each customer and strives to be always available, prompt and coming up with the right solution to any problem. Overall, on our FXTM review , the broker scores a great 4.

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