Belize
United Kingdom
Trading Accounts
Micro Account
Micro Account Micro Account is the most easily accessible, offering competitive floating spreads, with no commissions and immediate execution. With a micro account, you can access major minor, exotic and major currency pairs and a variety of CFDs that are available on the classic MT4 platform. Spreads begin at 1.5 pip, The minimum investment amount is just 50 dollars.
Advantage Plus Account
Cent Advantage Account Cent Advantage Account ideal for traders who use cash-intensive trading strategies such as Grid trading or Martingale. The spreads begin at 1.5 pip and there is there is no commission.
Advantage Account
The Advantage Account provides the possibility of trading with raw spreads that start at zero. There is also a small fee that ranges between $0.40 or $20 based on the volume of trading.
Remember that trading in stocks CFDs is possible on MetaTrader5 only for customers with an Advantage Account or Advantage Plus.
In addition, FXTM also offers demo accounts to allow you to try various strategies and test them in real-world market conditions. Demo accounts are funded by virtual cash, which means you are able to prepare yourself for real trading by gaining experience without the risks, and not the gains. Micro lots of 1000 units of base currency in addition to standard and mini lots are offered on all types of accounts.
Spreads & Commission
It is worth noting that the Micro as well as the Advantage Plus Accounts offered by FXTM each come with no commissions. The Advantage Account comes with a modest fee, which is calculated on the volume of trading. All accounts, with the exception of the mIcro one provide market execution.
Maximum leverage
For clients who meet the requirements to be considered professional traders, FXTM provides leverage up to 1:2000. These leverage levels are offered even for customers outside of in the European Union and the UK where restrictions on leverage for retail customers are in place – through Exinity Limited, a subsidiary of ForexTime which is based and controlled within Mauritius. Republic of Mauritius.
The European Union and the UK however when Forextime Limited is the representative of Forextime Limited and Forextime UK Limited the maximum leverage offered for retail clients is limited at 1:30. This is in line with the new regulations enacted by the European Securities and Markets Authority (ESMA) in the year 2018.
This move was initiated to limit the risk of investing of the trading market who suffered significant losses due to risk of high leveraged products.
Minimum initial deposit
You can create an account for live trading at FXTM starting at just 50 USD. This is the equivalent of what many brokers will ask for. This kind of investment will only be useful when you choose an account with a cent.
Copytrading
FXTM Invest
Additionally, FXTM is also a pioneering copy-trading platform in which, if you’re an expert trader, you could be one of the FXTM Investor Strategy Managers or simply follow the strategies of experienced traders, and get a percentage of the profit.
You are able to invest even if you’ve got no experience or knowledge of forex, or have limited time but still want to trade on with the markets for financial products. Investors can use the appropriate strategies of traders and reap the benefits of the overall growth of the Strategy Manager.
Strategy Managers, on the other hand, are able to share their trading and earn as much as 60% profit percentage as they earn profit to their shareholders.
A specific Strategy Manager Ranking Page gives an overview of all current Strategies Managers as well as their stats and ranking, based on the overall return. The ranking of a Strategy Manager is calculated on the basis of the total return minus the profit share, considering the level of risk, drawdown percentage, the number of days open and the monthly returns.
As an investor, you will be notified via email if the value of your investment’s equity has decreased by 10 percent from the equity at the start of the payout date. The payout occurs each month for 30 consecutive days.
Platforms for trading
As we’ve previously mentioned FXTM is a partner of the two most well-known trading platforms in the world of forex that are MetaTrader4 and MetaTrader5 which were both created by MetaQuotes. Furthermore, FXTM is compatible with both platforms as mobile, desktop and web versions (including versions for iOS as well as Android phones,), making sure that they are frequently updated.
MetaTrader4 along with MetaTrader5 have long been the dominant players in the market for forex, and for reasons. In 2005, the launch of MetaTrader4 was a success. MetaTrader4 quickly gained popularity with traders for its simplicity and speedy execution of orders, and its capability to run automated trading sessions by making use of so-called Expert Advisors – algorithmsic trading robots written in the basis of a specific built-in computer that is easily customizable by traders themselves. Additionally, traders had access to a vast collection of Expert Advisors as well as market indicators that resulted in MetaTrader4 an essential tool for both experienced and novice traders alike.
In addition, traders also had the option to test strategies back as well as copy trading solutions already implemented by experts in the field.
Presently, MetaTrader4 is not supported anymore through Meta Quotes, yet it remains the more well-known of the two due to the large number of trading software designed specifically exclusively for MetaTrader4 – all Expert Market indicators and advisors are written in MQL4 – which is a custom-built language designed to serve the purpose that are not compatible with the second Version of MetaTrader5, MetaTrader5. MetaTrader5.
MetaTrader 5. On contrary, is more versatile and effective than MetaTrader4 and allows for the execution of orders on a variety of stock exchanges and financial markets using a single trading account. The platform comes with an advanced charting and trading analyze tools, alarms and signals and custom indicators. In addition, MetaQuites has recently made numerous significant improvements to its platform including an analysis tool to analyze market exchanges, news administration improvements as well as a hedging option, market data subscriptions, brand new chart settings, and even negative prices. The recent price fluctuations on the market for oil are a good example of the need to take negative prices into taken into consideration.
If you are a client who prefers automated trading using Expert Advisors (EAs), FXTM provides a specific forex VPS service. Additionally, technical traders can make use from the Trading Central technical analysis tool for free. Additionally, FXTM offers advanced copy-trading solution called FXTM Invest.
FXTM Mobile apps
The mobile applications, which can be downloaded with FXTM includes an MetaTrader application that is compatible using MetaTrader5 as well as MetaTrader4 accounts as well as the trading application MyFXTM.
The MyFXTM trading app is available to downloaded through Google Play and Apple App Store. It is compatible with both Android as well as iOS and includes a number of beneficial options, including more than 250 Financial instruments and the capacity to change the position of open and close quickly, a trading platform and real-time updates advanced charting tools, and the option of one click trading.
Promotions
FXTM frequently organizes competitions and contests for trading in order to provide its customers with most profitable trading opportunities as well as enhance their knowledge and skills.
FXTM Loyalty Program
FXTM offers the Loyalty Program, in which the cost of trading every trade is reduced in relation to the balance of the account and the value of the transaction. This program is unique and flexible. is designed to fit your trading patterns, and is created to help you save money when you trade. You can choose between the ECN Zero or a Standard Account.
The Loyalty Programme works with five levels. Based on your balance the program will allow you to trade according to the level you are at, with the possibility of moving and accumulating even more savings.
The Loyalty Program is available for customers in the UK as well as the European Union.
Update Loyalty program no more accessible to customers of FXTM.
Additional promotions
FXTM regularly holds various competitions and contests for trading in order to provide its customers with the most profitable trading opportunities and to improve their abilities and expertise. They are mostly run through Exinity Limited where Terms & Conditions apply.
As of the date when this review was written, Exinity Limited offers Loyalty Cashback program. This program allows traders to receive rebates of $2 to $5 per lot to anyone who makes a deposit of between $10 and $10000, depending on the amount of their deposit. New clients who switch from another broker receive four dollars for each quantity they purchase. (T&Cs apply)
Additionally, Exinity Limited offers a Refer-a-friend incentive of $50 after the referral is fully active (T&Cs are applicable).
Education
FXTM offers traders both professional and beginner-level with an array of educational material as ebooks, Forex trading seminars, Forex webinars on trading, Forex glossary. The topics cover everything related to trading – starting with the initial steps to Forex as well as CFD trading, which include “What is Forex?” and a beginner’s guide to Forex trading, to more the most advanced Forex trade strategies as well as educational videos and other articles and more, all are available for no cost.
Payment methods
FXTM provides various safe payment options based on whether you trade through the Cyprus FXTM subsidiary or through the licensed in Mauritius.
FXTM Cyprus
The company is based in Europe FXTM accepts debit and credit cards such as VISA and MasterCard as well as bank wire transfers , and the most popular electronic wallets, such as PayPal, Skrill, Neteller, WebMoney, Western Union, DotPay, Yandex Money and QIWI Wallet. Keep in mind also that FXTM does not charge fee for withdraw or deposit.
FXTM Mauritius
Through FXTM, its Mauritius subsidiary FXTM accepts payments via credit cards and major e-wallets such as Neteller, Skrill, Perfect Money, Web Money, Yandex Money, QIWI Wallet, FasaPay, TC Payment and GlobePay in addition to different local payment options based on the country you reside in like Sout East Asia Online Banking, Turkish Local Transfers, South Arabian Peninsula Local Transfer, African Local Solutions, Latin American solutions, and Sub-Saharan Africa and Dubai Local Transfer. FXTM Mauritius also accepts payments using bitcoins.
Skrill can be described as one of the well-known payment options in Europe since it is an instant and secure alternative to transactions using credit or debit cards. Although the process of funding the Skrill account is typically free, the transfer money between Skrill accounts as happens when you withdraw or deposit funds from your broker, can result in a fee typically 1,45 percent. The good news is that FXTM will cover all fees associated with withdraw and deposit when you make use of Skrill as well as other payment options in the same reason.
Similar to the transfer of the funds from the Neteller accounts may also result in the payment of a fee, which is 1,45 and is paid by FXTM.
The most popular payment method is debit and credit cards such as VISA as well as MasterCard. Keep in mind that banks that provide your VISA or MasterCard may also charge a small percentage of the transaction value typically 2%, that in the case of FXTM is paid by the broker, too.
All of this is applicable for payments made using Perfect Money as well. In this instance, the transaction fee is low – just 0.5%, and but it is still protected by FXTM.
Conclusion
FXTM is a state-of the art, award-winning broker that has a presence in more than 180 countries, and a track record as one of the most respected players in the world of forex. They have access to many markets that include commodities, forex and indices, spot metals and shares, as well as the option of a variety of ECN accounts with raw spreads, quick execution, two top trading platforms namely they have the MteaTrader4 along with MetaTrader5. MetaTrader5 and leverage up to 1:1000 if you are able to meet the requirements for an experienced trader. In addition, FXTM provides cash back rebates through their loyalty Program that is another reason to select FXTM as your future trading partner.
| FXTM Summary | |
|---|---|
| FXTM Details | Information |
| Regulators | CySEC, IFSC, FCA |
| Country |  Cyprus |
| Base Currencies | EUR, USD |
| Type Of Brokers | ECN, STP |
| Trading Platform | Desktop, Mobile, MT4, MT5 |
| Established Year | 2011 |
| Website Language | English, Arabic, Chinese |
| US Clients | |
| FXTM Spreads | |
|---|---|
| Option | Information |
| Minimum Spreads | 0.0 |
| Commission | |
| Fixed Spreads | |
| FXTM Payment & Withdrawal Option | |
|---|---|
| Option | Information |
| Acc Funding Methods |  Skrill,  Wire transfer,  Visa Card,  Master Card |
| Acc Withdrawal Methods | Skrill, Wire transfer, Visa Card, Master Card |
| FXTM Suitable For | |
|---|---|
| Option | Information |
| Publicly Traded | |
| Beginners | |
| Day Trading | |
| Weekly Trading | |
| Professionals | |
| Swing Trading | |
| FXTM Trading Account Options | |
|---|---|
| Option | Information |
| Maximum Leverage | Flexible |
| Mini Account | |
| VIP Accounts | |
| Segregated Accounts | |
| Free Demo Accounts | |
| Managed Accounts | |
| Pro Account | |
| Minimum Deposit | 5 USD |
| Islamic Account | |
| FXTM Trading Services | |
|---|---|
| Option | Information |
| Hedging | |
| News Trading | |
| Scalping | |
| Automated Trading | |
| Indices | |
| Commodities | |
| Forex instruments | |
| CFDs | |
| ETFs | |
| Stocks | |
| Bonds | |
| Cryptocurrencey | |
| Trading Signals | |
| Educational Service | |
| Copy Tradings | |
| FXTM Contact & Support | |
|---|---|
| Option | Information |
| Telephone No | +44 20 3734 1025 |
| info@fxtm.com | |
| 24 Hours Support | |
| Support During Weekends | |
| Address | Exinity Limited, 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius |
