This could be a disadvantage for beginner traders who are looking to learn and grow their trading skills. This could be a disadvantage for traders looking for a wide variety of trading instruments. This allows traders to choose the account type that best suits their trading style and needs. FXTM also offers a copy trading service called FXTM Invest, where users can follow the strategies of experienced traders. The platform supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and offers mobile trading.
- A swap-free version is available for use with the MT4 platform only.
- You earn $5 (or equivalent) in real cash that you can withdraw or use for future trades.
- FXTM has no restrictions on scalping and maintains ideal trading conditions for it.
Risk Warning :
The market analysis section at FXTM is comprehensive, frequently updated, and very useful for traders of all experience levels. We found that FXTM offers the standard version of MT4 plus six add-ons, transforming MT4 into a state-of-the-art trading platform. Trading costs are higher than average on its commission-free Advantage Plus account, with spreads of 1.5 pips (EUR/USD), but significantly lower on its Advantage Account. Our review found that trading costs at FXTM vary depending on the account type chosen by a trader. FXTM’s range and depth of trading instruments is limited compared to many other brokers.
How Are The Best Forex Brokers Scored?
The brand has so much to offer to its traders with regard to educational materials and support. These accounts are available on MetaTrader 4 (MT4) platform. It is tailored to different types of traders depending on their individual needs, investment goals, and financial background. FXTM live trading accounts have their own conditions. It has free virtual funds with it so traders can practice their trading skills without risking real money.
Used primarily for testing purposes under live conditions, they have an amazingly low minimum deposit level. Short for an Electronic Communication Network, they are an automated connection to liquidity providers that cut out the No Dealing Desk Brokers middle man at your broker. Overall, FXTM raw spreads tend to be higher than the average, as shown in the table below. Spreads are taken from each broker’s website and updated monthly.
Trading signals and indicators
Spot Metals swap fees are charged or credited like forex, depending on whether the position is long or short. Regional Promotions – Specific deposit bonuses and trading rebates are available, varying by region. Since its inception in 2011, FXTM (ForexTime) has become a prominent player in the online trading industry, specialising in forex and CFDs. FXTM does not directly pay dividends but if you hold positions in stock CFDs that go ex-dividend, the broker makes a dividend adjustment to your account. Hi Amos, FXTM does not currently offer a bonus program with your deposit when founding your account. Is it any deposit bonus anytime founding account?
FXTM may first ask that you prove that you are Muslim by sending the broker’s support team an appropriate document. It exempts you from paying or earning rollover interest and, instead, offers straightforward daily fees. Swap-free trading is something you can access regardless of whether you have an Advantage or Advantage Plus account. If you plan on trading currencies and holding your long or short positions overnight, swap fees are something you will need to keep track of, given how they change on a daily basis. A $0.02 per side/lot traded commission applies when it comes to stock CFDs, and the minimum commission is $0.01. The process of finding the total cost is almost the same as what we already covered in the previous section, the main difference being that we need to take the commission into account.
FXTM Review 2025
Integrated Pro Trading Tools – including Trading Central and FX Blue – elevate market analysis with advanced charting, signals, and real-time insights across all experience levels. FXTM delivers a strong educational platform, offering webinars, e‑books, articles, and tools like pip, profit, and margin calculators via its Knowledge Hub. FXTM’s Dynamic Margin Requirement (DMR) activates during potentially volatile periods, like key economic news releases or before market closures. However, this also increases risk, so understanding and managing it wisely is essential for successful trading. Traders can trade with confidence, knowing their funds are securely held, transactions are independently managed, and all communications are protected with advanced encryption. Once the registration form has been completed, the account holder will receive a PIN via email to confirm their newly registered account.
FXTM Regulatory Overview
- FXTM provides traders with various advanced trading platforms, including MT4, MT5, and a proprietary trading platform.
- Depending on your country of residence, the supported base account currencies may differ.
- If you’re a trader who prefers to work with low spreads, you might find FXTM’s spreads too high for your liking.
- In summary, FXTM offers a solid combination of trading features, market access and support, making it a strong contender for both beginners and experienced traders.
Please note that trading involves market risk, and results can vary based on strategy, experience, and market conditions.FXTM provides free educational resources, market analysis, and support to help traders learn and improve their skills. We’re regulated in every country where we operate, our clients’ funds are fully segregated and we’re completely transparent about our trading contracts, spreads, fees and commissions. The lack of deposit fees is another perk you can take advantage of, provided you do not top up your account with $30 or less. Crypto traders will also be subject to a commission if they go with this account type, which currently stands at 0.03% of the notional value. The former is a zero-spread account, meaning its spreads can fall as low as 0 pips, but a $3.5 commission per standard lot is applied when it comes to forex pairs. FXTM has prepared a set of two live account types designed to cater to the different preferences of forex traders and those interested in other products.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. Education, however, is skewed toward beginners—there’s plenty of content for first-time traders, but not enough depth for intermediate or advanced traders.
For this reason, ECN accounts are more suited to experienced traders who may be trading on a larger account. These accounts feature much tighter spreads than standard accounts, but a small commission charge is applied to your trades. Trading involves market risk, and performance can vary depending on strategy, experience, and market conditions, but you don’t have to figure it out alone.FXTM offers free educational resources, daily market insights, and support to help traders build their skills and FXTM Broker Review make more informed decisions.
Overall on Fees
You can trade real stocks on the MT5 platform with the Advantage and Advantage Plus accounts. You will be able to use the MT4 trading platform with this account type and instant execution is provided with spreads that start from 1.5 pips. FXTM is a major CFD broker that offers both instant execution and market execution depending on the account. Not only does the broker offer various trading instruments, but they also prioritise the education of traders and offer tons of educational resources including webinars, eBooks, and seminars. ForexTime, better known as FXTM, is a well-known forex broker famous worldwide, but especially among African traders.
The broker offers a well-rounded trading experience, particularly appealing to traders who value regulation and good trading conditions. These include Standard Accounts, which are ideal for new traders, and ECN Accounts, which provide tighter spreads but come with commission fees. For most retail traders, it’s generally easier to choose a broker with standard commission rates and tight spreads. Standard account types are best for new traders who may be trading on smaller accounts.
Final Verdict on FXTM
There are also videos on using trading strategies and trading psychology. Here they can learn about the Forex trading basics, technical analysis, trading commodities, or fundamental analysis, among other topics. In this section, you will also find numerous current affairs articles, which outline they affect the various tradable markets. Overall, FXTM provides everything you need to get the most from your trades.
The Advantage and Advantage Plus accounts are different in that they have ‘traditional’ trading parameters such as 80% margin call, 50% stop out, and a minimum trading lot size of 0.01 pips. It also offers a swap-free Islamic account for clients adhering to Sharia law. Developing a robust client education program focused on regulatory protections and what they mean for traders could also empower clients and reinforce FXTM’s commitment to their safety. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. Non-trading fees are minimal, and deposits/withdrawals are mostly free.
It’s important to note that trading with FXTM may also involve fees from $0.4 USD. This transparency allows traders to make informed decisions and strategize their trades effectively. Remember, trading leveraged products has the potential to increase losses as well as profits. Leverage on your FXTM trading account is a powerful tool that can amplify your trading capacity.
