FXTM Review ForexTime 2023 Is it Safe or Scam? All Pros & Cons

Compare the spreads and features to Pepperstone to see FXTM as a leading spread broker. Choose from three accounts, each one made to help you find your opportunity. Choose from two accounts, each one made to help you find your opportunity. Traders ourselves, we saw how the emerging web could bring opportunity to anyone who was ready to take on a little risk and put in the time to learn. We set out three rules to guide our mission to take opportunity to the world.

This is a very strong indicator that the company has great customer service and client satisfaction. ForexTime offers a loyalty program in the form of Loyalty Cashback. This program gives you withdrawable cash for your loyalty instead of virtual dollars or points with limited usability. ForexTime also offers regular workshops and seminars for its clients. These take place around the world, with each telling you the language, location, and topic of the seminar or workshop.

1. The sheer popularity of the MT4 platform has meant that FXTM will never close MT4 accounts and force clients to change to MT5.
2. Then, go to MyFXTM where you will find the option to join the promotion.
3. For first-time users looking for an app more tailored toward improving their trading skills, Stock Trainer is an alternative option worth considering.
4. Cent Accounts have the same minimum lot volume per trade but a maximum of 1 lot per trade.
5. Hi Amos, FXTM does not xcritically offer a bonus program with your deposit when founding your account.
6. The exception to this is a bank wire which takes three to five business days.

The sheer popularity of the MT4 platform has meant that FXTM will never close MT4 accounts and force clients to change to MT5. FXTM is known as a specialist MetaTrader broker, focusing its CFD trading platform offering exclusively on the MT4 and MT5 platforms. Unfortunately, this means that if you’re looking to use cTrader, then you are unable to with this broker. Whether you’re an experienced trader or completely new to it, we’re here to help you get more from the financial markets. FXTM’s three non-ECN accounts are the Standard, Cent, and Shares accounts. Cent accounts work in a balance of cents rather than dollars and have a tiny minimum deposit amount of $10.

Additional Trading Accounts

Rated as the broker offering the best forex education opportunities for CFD trading, the lxcriticalg material available to FXTM account holders is second to none. The sheer number of CFDs to trade on some of the highest leverage available makes FXTM a clear choice. Whether you’re a trading beginner, a market expert or a long-term investor interested in stocks – you’ll find the trading account that’s right for you.

In terms of MetaTrader 5, clients get access to Level II data and all execution modes. They also get an extensive range of order types and trading signals with MQL5. Those with ForexTime accounts can use MetaTrader 4 and MetaTrader 5. This compatibility with the top forex trading platform eliminates the lxcriticalg curve for those who switch to FXTM from another broker. 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.

Trade from your comfort zone

This lets you use your forex skills to earn additional capital. That way, you will earn a percentage of their profits, as much as 50 percent. It has spreads from 0.1, a SWAP-free option, and the same currency options as well. Scalping and hedging https://xcritical.solutions/ are allowed and the commissions start at just $4. FXTM allows clients to trade all the major cryptocurrencies, in the form of CFDs. All cryptocurrency CFDs are traded in currency pairs just like forex markets, against the US Dollar.

Trading on browser

MT5’s mobile application includes real-time quotes, trading history, 24 analytical objects, 30 technical indicators, a full-featured trading system with Market Depth. It also includes hedging and netting functionality, built-in chat, push notifications, up-to-date financial news. Its user-friendly features are cutting-edge, and they will have access to all of the major trading instruments.

Deposit methods include FasaPay, Ghana local transfers, Nigeria local bank transfers, Algerian local transfers, Kenyan local transfers, Indonesian local transfers. The NDD technology mentioned lets ForexTime work with various liquidity providers. That gives the clients the best possible prices for both bid and ask.

Rather than using real cash, you can start practicing trades with a risk-free virtual account. This is a great way to get a good understanding of how the ForexTime FXTM trading system works. As you’ll find out in the following ForexTime FXTM review, this app stands out for its quick trades and withdrawals, which are facilitated by the MetaTrader platform. Trailing Stop is placed on an open position, at a specified distance from the xcritical price of the financial instrument in question. With friendly Customer Support, the latest technology and a range of account types, we’ve got everything you need to discover better trading. FXTM does not have their own propriety trading platform, instead choosing to provide MetaTrader 4 & 5 as options.

That’s because ForexTime FXT is registered in countries with strict deposit protection schemes and has built up a solid reputation since opening for business in 2011. With the FXTM app, available on both Android and iOS devices, xcritical official site you can monitor live rates and adjust your positions wherever you are. The inclusion of demo accounts and a flexible leverage system makes this a good trading platform for beginners and experienced forex traders alike.