FXTM Review year : Read Before You Trade Pros & Cons Revealed!

FXTM offers fifth-decimal pip pricing for forex, two for shares, and spot metals vary between two and three. All ECN type accounts allow for unlimited orders and unlimited volume in lots of orders with up to 300 pending orders. There is a maximum volume of 100 lots per trade for ECN and ECN Zero Accounts and 250 for FXTM Pro Accounts. As you review FXTM safety precautions, you will also notice that all accounts carry negative balance protection free of charge. If you review the FXTM broker’s overnight rates, you will notice that they are around average. To help you make a decision regarding your trades and to provide transparency, you can see the rates on the Contract Specification page of the FXTM website without logging in.

FXTM offers trading on more than 50 major, minor and exotic currency pairs. The broker offers competitive dealing spreads on most pairs, and you can access advanced signals and expert advisors through the MetaTrader platforms. FXTM offers a wide range of in-depth guides covering practical topics. Beginners can refer to an introduction to forex trading and CFDs, while more experienced traders can benefit from guides relating to trading styles like scalping. I especially liked the guides focused on specific instruments like oil and the NASDAQ 100. If your trading account isn’t well-funded or your volumes are low, FXTM can be quite expensive due to its commission costs.

What Are FXTM Account Types?

Built on MT4 infrastructure, the platform offers seamless functionality without requiring any downloads, allowing users to trade from any computer with internet access. FXTM is a good broker well-known and regulated worldwide, there are a few regulated entities of FXTM. Account opening is easy, FXTM has low deposit requirements and trading conditions are good with competitive spreads, excellent customer service, and Forex education. The next ECN account type available with the broker is the FXTM Advantage account.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Being able to access real-time quotes and advanced charting tools from my phone was a game-changer, especially for monitoring trades during important market events. Lukman Otunuga plays a key role at FXTM as their Senior Market Analyst. He leverages his expertise in financial markets to dissect market data and trends. His analysis focuses on the currency pairs most relevant to FXTM’s clients, providing valuable insights that inform their trading decisions. This comprehensive approach helps FXTM stay ahead of the curve and potentially offer targeted guidance to their clients. Furthermore, with the broker being regulated in several jurisdictions, an additional layer of trust is in place for traders, which they may not always have through other brokers.

Which trading platform does FXTM support for these accounts?

1. My tests showed that spreads are especially competitive in CFDs on shares and Bitcoin, but there is room for improvement in the spreads for some forex pairs.
2. FXTM’s MT4 platform also allows traders to access the multi-terminal feature that is unavailable on MT5.
3. The broker offers competitive dealing spreads on most pairs, and you can access advanced signals and expert advisors through the MetaTrader platforms.
4. FXTM’s account options are diverse and tailored to different trading styles.
5. Account opening is easy, FXTM has low deposit requirements and trading conditions are good with competitive spreads, excellent customer service, and Forex education.
6. One of the most ignored trading costs is swap rates on leveraged overnight positions.

If you are new to trading and looking for some inspiration, these signals can give you a foundation to work from. However, I wouldn’t take blindly without doing my own additional market analysis for confirmation. When it comes to trading signals, Autochartist and Trading Central would be my preferred tools. Unfortunately this broker doesn’t have them but GO Markets do provide both free of charge. FXTM offer 63 forex currency pairs you can trade and include all the major pairs with a solid selection of minor and emerging market pairs for more experienced traders. After reviewing and using FXTM’s customer support options, our team confirmed that contacting the broker is both easy and quick.

If you are withdrawing to a debit or credit card then there will be a fixed commission of 2 EUR, 3 USD, or 2 GBP depending on your base currency. If you would like to know more about these types of accounts, then you can always check our other articles on the best swap free brokers. As a scalper, you will be glad to find this type of trading strategy is permitted by FXTM. They not only allow it but provide a great range of tools and features to facilitate detailed charting and more indicators. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare the markets and instruments offered by FXTM and its competitors.

FFXTM https://traderoom.info/fxtm-what-a-trader-is-in-for/ withdrawal options include bank transfers, e-wallets, and cards. As an example, Credit Card withdrawal features a $3 fee, while Bank Transfer will cost $30, and WebMoney will charge 2% above the requested amount. For the Cons, there is a withdrawal fee, and Stock spreads are rather higher, also conditions vary for each entity. FXTM offers a good selection of various funding options such as bank transfers, debit/credit cards, and popular electronic wallets.

What are the spread options for each account type?

1. It would be better if they could add support for some more currencies, especially considering they have a global clientele.
2. FXTM is a major CFD broker that offers both instant execution and market execution depending on the account.
3. These so-called “trading robots” can be automated to enter trades based on programmed market setups.
4. FXTM is a well-established broker offering a range of account types including ECN accounts, competitive spreads, and commissions tailored to different trading styles.
5. He understood my situation, articulated to me why there is difficulty from FXTM’s side, and listed to me the various options I have.
6. Their support team is known for prompt and efficient service, addressing most inquiries within 24 hours.

We have over 20 years of experience when it comes to trading online so we know what to look for. Opening an account to trade with FXTM is a quick and easy process that can be done online. You will then need to verify your email address and upload a form of identification and to confirm your address for KYC purposes. Once verified by the accounts team, you can fund your account and start trading. Precious metals are popular trading instruments that have been traded throughout history and can help to diversify an investment portfolio.

Deposits and Withdrawals

It offers ECN and market execution through both the MT4 and MT5 trading platforms. FXTM’s market analysis delivers updates on key markets, including forex, commodities, indices, and cryptocurrencies. It will help support all trading levels, from beginners to experienced traders. FXTM provides a robust selection of educational resources aimed at supporting traders of all experience levels. Another reason FXTM beats out many competitors is its PAMM and managed accounts.