HomeBrokersFXTM Review

The Ultimate FXTM Review

10
Free Demo Available: Yes
Minimum Deposit: $10
Regulations: FCA, CySEC, FSC
Payment Methods: PayPal, Neteller, Visa, Mastercard, Skrill, Bank Wire
Features: World-class customer support in 18 languages, Account opening is fast and fully digital, Ultimate transparency with a trusted brand

Summary: What to expect from FXTM

FXTM was founded in 2011. Also known as Forex Time, this broker is dedicated to forex and CFD trading. Their headquarter is located in 35 Lamprou Konstantara, Kato Polemidia 4156, Limassol, Cyprus. You can also find them in the United Kingdom and Nigeria.

In this review, we will go through all of their features like platform, education, assets, and more. Take a look!

3 Ways to Get the Most Out of FXTM

1

Multilingual Customer Support

Since FXTM is globally present, they understand the importance of communicating with their clients. For this, they offer more than ten different languages via customer service.

2

Market Analysis

When speculating, analysis is key. That is why they offer clients a special section of market analysis where you can listen to podcasts, read breaking news, or use the economic calendar.

3

Educational section

Their educational section is great for both beginner and experienced traders. They have a guide to copy trading so you can get into one of the most popular trading strategies, and a trading glossary with all of the necessary terminology.

FXTM Fees to Trade Forex

Like all brokers, FXTM charges fees and commissions to their clients for their service which have been specified below. 

  • Inactivity fee: they charge $5 monthly after six months of inactivity. 
  • Spreads: they start from 0.1 pips on ECN accounts and 0.5 pips on standard accounts. 
  • Withdrawals fee: $3 per transaction.
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Regulation and security

Regulation is of the utmost importance because it keeps your fund safe from malpractice. It also makes sure you are not taking excessive risk with different strategies like controlling the maximum leverage. 

FXTM is regulated by the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). Both are very important in the financial world. 

Countries Where FXTM is Available

Regulations allow FXTM to be present globally. However, there are some important clients who are left out. Clients from the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea are not allowed. 

FXTM Background

Nicholas Defteras is CEO of FXTM since 2018. Nicholas along with the team aims to ensure the company’s objectives. Since 2013, they have earned over 25 awards. The acknowledgements were given to them because of their platforms, education, overall experience, innovation, and many more. FXTM now has over 3 million clients in 180 countries. 

Breaking Down FXTM

Below we have included what we think are some of the most important features from this broker. Functionalities and attributes are key when it comes to matching their services with your trading goals. 

Website Interface and Usability

FXTM’s website interface and usability are very friendly. Their menu is well distributed. You can find all of the information about trading, features, education, accounts, and more in a way that is digestible for new users.  

Whatever you are looking for you can find. You can change the website’s language on the top right. The menu bar includes about us, accounts, platform, instruments, investment, market analysis, and education.