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FXTM Review

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rating

FXTM is a moderate-risk broker with the TU Overall Score of 6.62 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FXTM clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews. FXTM ranks 50 among 349 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

ForexTime is a progressive broker that actively uses innovative technologies to provide the best trading terms for traders, regardless of their trading experience. ForexTime fits both novice and experienced traders. The company provides its services in 150 countries and ensures full safety and security of its clients' funds because they are kept in segregated accounts.

FXTM Pros & Cons

Pros

 

  • A wide range of trading accounts;

  • A large number of training materials;

  • The ability to use automated programs in trading.

  • The minimum deposit is $10;

  • The most popular trading platforms are MT4 and MT5;

  • Proprietary application for mobile trading is the FXTM Trader;

  • The ultra-low spreads are from 0.0 pips;

  • A huge choice of trading instruments is present;

  • Supervision of the broker’s activities is by major financial regulators in four jurisdictions;

  • Professional support.

​

Cons

  • For investment, only copy trading is offered;

  • The broker is closed on Saturday and Sunday.

FXTM  Overview

Type of BrokerNon-Advisory/Executionary Broker (ECN/STP)

 

Regulation & LicensingCyprus Securities and Exchange Commission Australian Securities and Investments Commission, Financial Services Authority (St Vincent & the Grenadines)

 

Clients Accepted from 150 countries around the world

 

Assets Offered Foreign Exchange, Commodities, Indices, Shares, Bonds, Futures, Cryptocurrencies

 

Platforms Available â€‹PU Prime App, PU Social, WebTrader, MetaTrader 4, MetaTrader 5, Mobile Compatibility, Android and iOS

 

Payment Types Accepted bank wire, credit/debit card, Skrill, Neteller,  E-Wallets, Crypto, Bank Wire Transfers and Local Payment Solutions

FXTM Account Types

Features

CFD Account

Spread Betting Account

Account Currencies

USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPY

USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPY

Available Leverage

1:500

1:2000

Minimum Deposit

No Limit

$1000

Starting Spreads

0.1 Pips

 1.5 Pips

Commission Per Trade

0.0%

2.0%

Min. Lot Size Per Trade

1.00

1.00

Max Lot Size Per Trade

10000

10000

Demo Account

Yes

Yes

Swap/Rollover Free Option

Swap Free Islamic Account

Swap Free Islamic Account

Copy Trading Support

Yes

Yes

FXTM Compliance & Regulation

​Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the FXTM brand based on the legal requirements in his/her country of residence. Full Risk Disclosure can be read here: https://www.forextime.com/regulatory-compliance/risk-disclosure.
FXTM brand is authorized and regulated in various jurisdictions.
Exinity Limited is a member of Financial Commission, an international organization engaged in a resolution of disputes within the financial services industry in the Forex market.

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Risk Disclaimer: - Gen Z Investing will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of Gen Z Investing or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly. genziinvesting@gmail.com 

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