You can view this information via several sources including podcasts, illustrated economic calendars, Twitter posts and videos. The broker’s stocks list is average, with 300+ US and European stock CFDs available. You can also make use of a wide range of market analysis resources which have been curated by the broker’s expert team. Since the FXTM platform fxtm review is MT4 or MT5 software, both offer various versions available either as WebTrading platforms or the one that can be installed directly on any device. Web trading software is a great option if you are a beginner or regular-size trader, as the platform is accessible right from the browser, does not require any installation, easy save and navigated.
FXTM Trading Hours (GMT+
Spreads are usually tighter and execution speeds superior on an ECN account. FXTM offer a wide range of over 250+ trading instruments including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies and CFDs. There are over 60+ minor, major and exotic currency pairs, 180+ share CFDs and major Cryptocurrencies such as Bitcoin and Ethereum. Whilst https://forexhero.info/ there should be enough for the casual trader, those of you who are looking to diversify a lot more, may want to consider Swissquote as an alternative as they have thousands of instruments to choose from. Daily Market Analysis is FXTM’s very own news portal that offers detailed market analysis and insights to keep you in the loop with the latest market happenings.
e-wallets or Payment Gateways
A glossary – There is an extremely comprehensive glossary of financial markets and trading terminology covering hundreds of different terms and concepts. The offering of tradeable products is not particularly impressive, given the strong position FXTM holds in the industry. FXTM caters to most international traders, including the UK, India, Malaysia, and the Philippines. Meanwhile, more advanced users will be able to use the ForexTime FXTM Pivot Points Strategy to enhance their trading style. This FXTM tool enables you to perform five-point calculations to decide what position to take on a range of financial instruments.
Demo Account
Their customer service is top notch and they are very responsive and ready to help at anytime. Following FCA and CySEC regulations, traders receive investor protection up to £85,000 and €20,000, respectively. The investor protection insurance schemes ensure that in the case that XM or FXTM become insolvent, traders can receive a certain amount of compensation to cover losses.
Brokers By Licenses
The biggest reason to choose MT4 is to gain access to the endless library of custom indicators and expert advisors that have been developed specifically for the platform. With an inability to seamlessly transfer indicators from MT4 to MT5, many traders prefer to stick to MT4 to continue trading their proven strategy. If you’re a more experienced trader who’s looking to take their trading to the next level, then FXTM’s market analysis is worth checking out. Since I opened an account with FXTM in 2017, I have never had a major problem that the broker did not solve within 24 hours. The FXTM website is very user friendly and the company also has a top notch customer service. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Regulations are in place to ensure that the broker operates with the upmost fairness and integrity whilst they must comply to strict regulatory rules. Strict regulation in multiple jurisdictions can help to give clients peace of mind that they are using a trusted and transparent broker. If you’re a new trader who’s looking to learn how to trade, FXTM is worth a look. Why pay for expensive supplementary trading courses from a third party you don’t even know if you can trust, when FXTM’s articles, courses, and webinars are all accessible for free. Compare the spreads and features to Pepperstone to see FXTM as a leading spread broker. When trading on an FXTM Pro Account, you can be assured that you’ll never be re-quoted or charged a commission.
The bottom line is that FXCM and FXTM bear several similarities, more or less being regulated in the same jurisdiction and offering fund protection along with NBP policy. In the end, the decision to open an account with FXCM or FXTM comes down to your personal preference and trading needs. We kindly ask you to send us your MyFXTM number to and all the necessary information regarding this situation.
And important to note that comply with the necessary regulatory guidelines in every region FXTM operates, which gains a high score from us in terms of its trust. From the fast client approval to the general trading process, comprehensive learnings, and available features, FXTM proves its high ranking among the traders’ community with more than 90% of positive feedback. FXTM is an award-winning brand that has been offering its products and services to clients since its inception in 2011. The company also boasts several awards in 2017, 2016, 2015, 2014, and 2013. This gives clients a very good indication of how the brand functions and operates towards its clientele.
This is a close match-up, as there is no sizeable difference in terms of the trading costs. By industry standards, both brokers offer relatively high spreads, so there is no material advantage with either of the two brokerage trading firms. On the plus side, at FXCM standard account, you can enjoy commission-free trading. Minimum spreads can go even as low as 0.0 pips on Forex pairs on its Pro Account, but traders are required to keep a minimum account balance of $25,000/EUR 25,000/GBP 25,000 all the time. The platform features fundamental and technical analysis tools, copy trading tools, and automated trading EAs, equipping you to trade all the available instruments seamlessly. The trading platform also offers more chart types and timeframes than MT4.
- Traders who make transactions using a currency other than their account base will incur costs for currency conversion.
- They also host various Demo and Live trading competitions that have substantial cash prizes.
- FXTM offers social trading features, allowing traders to copy the trades of experienced professionals.
- Furthermore, FXTM impresses with licenses in Spain with CNMV and in Norway with FSAN.
The website places a heavy emphasis on education and customer care – this is a brand that takes its responsibilities to its customers seriously. FXTM has a good range of trading platforms and accounts, so no matter what type of trader you are, there is a package that is suitable for your needs. Also fees are, on average, in the low to medium range vs alternatives. FXTM is a top-rated forex and CFD broker established in 2011 and operating across 4 continents. The company is secure and regulated by leading authorities, including the FCA and CySEC.
Overall, FXTM offers more CFD instruments, but FXCM covers more asset classes and has unique baskets that give you exposure to specific sectors. On the other hand, FXTM clients can get access to a wider selection of FX pairs and more stocks to trade. FXCM also has forex trading, but it’s not accessible for all FX pairs like with FXTM.
Please be assured that FXTM always works behind the scenes to fix any issues as quickly as possible. If you face any issues, please do reach out to us – FXTM is on your side. They also host various Demo and Live trading competitions that have substantial cash prizes.
Forextime offers excellent spreads in its commission-based account, making it one of the cheapest Forex brokers in the entire retail Forex industry worldwide. The ForexTime FXTM platform remains one of the best forex trading apps available today. Users who are able to meet the deposit minimums required to open an ECN account will receive highly competitive rates and avoid any limits on order volume. The portal offers a range of articles and courses on market trends, economic news, and trading tactics, regularly updated to keep traders informed and educated on global financial markets and new trading strategies. Traders can reduce fees by selecting account types with smaller spreads and being aware of overnight and inactive account charges. FXTM’s association with MetaTrader 4 has opened doors for traders to many market analysis tools, algorithmic trading capabilities, and custom indicators.