The broker complies with strict financial standards, client protection policies, and transparency requirements. FXTM also provides segregated client accounts and adheres to best practices in risk management. Potential drawbacks to consider are certain accounts mainly spread-based, with relatively higher spreads, which may increase costs for beginners, yet considering the ECN connectivity we think fees are fair. Also, if you are looking for some specialized software like cTrader or Real Futures is your choice then FXTM is not suitable for you. Above all, we’re committed to creating a trusted, secure and reliable trading environment for all our clients.
Holding over 16 years of experience in global financial markets, and 4 B.A. Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using… FXTM provides access to the popular MetaTrader platforms, including MT4 and MT5.
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What is the difference between MetaTrader 4 and MetaTrader 5 on FXTM?
Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. As you can see by the multiple business divisions, FXTM is a truly global forex broker. As a result, their customer support is diverse and wide-reaching to match each client’s needs depending on the region. FXTM allows you to trade the most popular major, minor and exotic forex currency pairs, on MT4 and MT5. The $5 trillion a day forex market is moving 24 hours a day, 5 days a week, and FXTM is your gateway to all the major currency pairs such as EUR/USD and GBP/USD.
- FXTM primarily serves as a Currency provider; however, it also offers an investment program through its copy trading platform.
- I also recommend first-time traders seek third-party education covering trading psychology while avoiding paid-for courses.
- Equity CFD trading is commission-free as Forextime joined the group of brokers catering to millennial and GenZ traders favoring no commissions.
- However, a commission fee of $3.50 per lot per side ($7 per round trip) is charged on the Advantage account.
- Yes, in the rare case of FXTM insolvency, client funds are insured up to $1 million (above $10,000).
Does FXTM have an inactivity fee?
Withdrawals are typically processed in amounts starting from $5, providing flexibility for traders of all sizes. FXTM operates under a strict regulatory fxtm forex broker review framework to ensure a secure and transparent trading environment for its clients. These regulatory bodies enforce stringent standards, providing an extra layer of protection for traders. The tradable instruments can be accessed through several advanced platforms, including the proprietary FXTM Trader App as well as MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Both support automated trading and are suited for more experienced traders. FXTM caters to a variety of traders by offering accounts with distinct benefits. FXTM delivers some of the industry’s lowest trading costs, emphasizing tight spreads and low commissions.
- In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with FXTM (ForexTime).
- FXTM takes fund protection seriously, combining strict regulatory compliance, advanced encryption, and top-tier fund segregation.
- I particularly appreciated the in-depth guides on particular instruments, such as the Nasdaq-100.
- They ensure traders have an edge versus the out-of-the-box versions most brokers offer.
Minimum Withdrawal and Deposit
FXTM does not charge internal fees, but third-party payment processor costs may apply. Terms and conditions apply to this promotion, and I recommend that anyone wishing to participate reads and understands them, although they will be less onerous than conditions which brokers typically attach to bonuses. I find this reasonable and acceptable, and active traders will never face this cost.
The broker also offers good educational resources and robust research tools to support both novice and experienced traders. Customer support is available during business hours, ensuring assistance when needed. Yes, FXTM is generally considered a good broker for beginners due to its user-friendly platforms, low minimum deposits, and good learning materials.
FXTM Desktop MetaTrader 4 Platform
FXTM stands out by providing fast trade execution, tight spreads, and access to powerful platforms. The broker is also globally regulated and offers a broad suite of tools, real-time market updates, and educational content, making it suitable for both beginner and experienced traders looking to diversify. FXTM provides various account types to suit different trading styles, such as Standard and Advantage accounts. The Advantage account offers spreads as low as zero on major forex pairs, benefiting cost-conscious traders. Additionally, both accounts grant access to major markets and comprehensive educational resources for all users. FXTM provides reliable customer support, available 24/7 to assist traders with any issues or enquiries.
Finally, let us compare FXTM Advantage Plus Account average spreads with those other major brokerages offered on the three most actively traded Forex pairs. After creating your live account within a few minutes, you will be required to wait for about 24 hours to verify your live account. Upon verifying your account, you will have to fund it using any available payment methods before you can start trading. FXTM presents a compelling option for day traders due to its solid FCA regulatory framework, which UK-based traders, in particular, should find reassuring. There’s also support for trailing stop-loss orders to secure profits while allowing for potential price fluctuations. FXTM provides access to industry-standard platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Trading Instruments
I want to stress once again that commission-free does not necessarily equal cheaper trading costs. Spreads are generally higher, often twice as high, than commission-based offers, and FXTM is no exception. After conducting an updated 2025 review of FXTM, we have found them to be the best-rated forex broker for forex education and analysis when trading CFDs. Whether you’re a new trader looking for tutorials and webinars on the basics, or you’re an experienced trader looking for world-class market analysis. FXTM delivers a strong educational platform, offering webinars, e‑books, articles, and tools like pip, profit, and margin calculators via its Knowledge Hub. 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.
Companies on Trustpilot aren’t allowed to offer incentives or pay to hide reviews. 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. This means if you have a long position, your account is credited with the dividend amount, while a short position results in a debit from your account to reflect the dividend payout. Hi Amos, FXTM does not currently offer a bonus program with your deposit when founding your account.
The availability of these instruments can vary by region, and there might be restrictions on trading certain assets due to local regulations. While this does not reach the highest end of what FXTM claims as an average, the speeds for market orders remain very competitive within the industry, indicating efficient order processing. An appropriateness assessment mandated by the FCA was necessary to set the account leverage.