FXTM Forex Trading Platform – 2021 Review

Editorial Team
FXTM-review-2021

With over 250 tools to select from, FXTM helps traders from all over the world to access the assets. They offer tight spreads, fast execution, and sophisticated trading techniques, as well as additional risk management and security to their clients by stringent regulations. FXTM (Forex Time) was created in 2011 to offer retail investors industry-leading market conditions as well as a wealth of instructional materials and trading tools. Since then, they’ve evolved to become one of the world’s biggest trading brokers, with over 1 million active accounts, and they’ve continued to develop their goods and services to keep pace with new trading innovations.

OVERVIEW:

FXTM provides a range of account styles and leverage options to accommodate all types of traders. With broad interbank liquidity for quick trade implementation frequencies and No Dealing Desk (NDD) technology to prevent a potential conflict of interest, spreads start at just 0.1 pips. As the name suggests, the organisation considers time to be the most important asset. They value productivity for their clients with any decision they make, working with consistency, simplicity, and openness. Clients’ interests come first, with polite, competent, and multilingual assistance available at all times.

FXTM aims to help traders develop their trading skills so that they can get so much out of their profits. They will customize a strategy to your requirements, whether you’re a retail or corporate customer, through trading channels that use cutting-edge technologies and some of the most competitive trading environments. FXTM provides clients with an ever-growing library of guides and blogs for both new and seasoned traders, as well as free workshops and local seminars. This reflects a devotion to assisting traders in developing their skills through training. They give regular in-depth business research to keep you updated on the new market trends. You’ll also get an account executive that can assist you and provide tailored support.

With hundreds of generally positive reviews for their trading platforms, FXTM has an outstanding confidence pilot ranking. They have won multiple accolades including Best Investment Broker 2019 (FX Daily Info), Best Trading Experience 2019 (World Finance Awards), Most Innovative Broker 2018 (FX Empire), Best Trading Conditions 2018 (World Finance), Best Customer Support Global 2017 (World Finance), and Best FX Broker Asia 2017 (World Finance) (World Finance). The various awards FXTM has received are a testimony to their dedication and commitment in all facets of their company.

FXTM COMPLIANCE AND REGULATIONS:

With internationally approved licences under its belt, FXTM takes enforcement and accountability very strongly. Regulations have been set in motion to ensure that FXTM works with the highest degree of justice and dignity while adhering to stringent regulatory guidelines. Clients will have peace of mind knowing that they are working with a trustworthy and open broker due to tight enforcement in several jurisdictions. With firm reference number 777911, Forex time UK Limited is licenced and controlled by the Financial Conduct Authority (FCA) in the United Kingdom to provide regulated goods and facilities such as collecting money and making agreements with relation to trades in assets such as commodities markets, arrangement for discrepancies, futures, options, and rolling spot forex.

FXTM TRADING PLATFORM:

For exchanging on the desktop (Windows / Mac), internet, or handheld devices (iPhone / iPad / Android / Tablet), FXTM provides the industry-leading Meta Trader 4 (MT4) and Meta Trader 5 (MT5) trading platforms. If you need to exchange from different locations when on the go, this is a handy tool. 

1. META TRADER:

With accessibility to all of FXTM’s main trading tools, multi-currency/language assistance, technical metrics and models for chart review, electronic trading using expert advisors (EAs), and a wide group of traders to exchange ideas with, Meta Trader is a user-friendly site of cutting-edge market innovation. Although MT4 could suffice for most traders, MT5 brings more order forms, technical analysis, graphical artefacts, and timeframes to the mix, as well as a built-in financial calendar to keep track of the latest market data.

2. FXTM TRADER APP:

FXTM also has its FXTM Trader Application, which is available for free on both Android and iOS. With over 250 different securities to sell, the FXTM Trader Application maintains the exchanges at your fingertips. Cross-platform trading, order placement and management, one-click exchanging, trader’s dashboard, real-time alerts of live quotations, and charting software are only a couple of the features available for superior smartphone trading.

FXTM TRADING TOOLS AND FACILITIES:

FXTM provides a range of free trading instruments that can be used to remain updated about the markets, control risk, aid technical and fundamental research, and find new trading strategies.

1. DAILY MARKET ANALYSIS NEWS PORTAL:

Daily market analysis is FXTM’s news website, which provides comprehensive market research and insights to keep you up to date with the current market developments. They look at price fluctuations in several financial markets using technical and fundamental research. The Investment Research team has been interviewed by the BBC, CNN, CNBC, Bloomberg, The Wall Street Journal, Financial Times, Reuters, and Forbes daily.

2. TRADING SIGNALS:

FXTM Trading Signals are accessible in My FXTM through a technical analysis platform that offers market statistics and evaluations on several trading instruments.

3. PIVOT POINT TACTICS:

To help you trade and evaluate market volatility, FXTM’s Pivot Points Strategy blends three popular technical metrics with your option of five pivot point formulas.

4. FINANCIAL CALENDAR:

The FXTM Financial Calendar keeps you up to date on financial news updates, which are distributed in real-time and have an impact ranking.

5. FOREX MEDIA AND NEW TIMELINE:

You can get live market news directly through your trading platform or through the FXTM portal with the Forex News Timeline.

6. CURRENCY CONVERTER:

FXTM provides a free Currency Convertor app that helps you to measure the foreign exchange market for major currency pairs.

7. MARGIN, PIP AND PROFIT CALCULATOR:

To assist with risk assessment, the FXTM Margin Calculator may be used to quantify risk. Until trading a particular FX currency pair, use the FXTM Pip Calculator to measure future gains or losses. The Profit Calculator app helps you to rapidly and accurately measure the profit or loss of trade at varying market rates.

FTMX ACCOUNT AND CHARGES:

FXTM provides a range of trading accounts with flexible collateral, efficient trading channels across various computers, favourable trading environments, and low minimum deposits beginning at just $10. FXTM is an Islamic-friendly broker that also provides swap-free profiles. There are three types of regular accounts and three types of Electronic Communication Network (ECN) accounts. Both accounts will use MT4, but you’ll need an ECN profile if you want to use MT5. If you want to check out FXTM before opening a real account and depositing money, you can do so with a demo account.

Your expertise and skills are used to assess how much leverage you can receive. As a consequence of relevant legislation in your country of residence, the Leverage / Margin criteria can change. The maximum leverage available to retail clients is 1/30, while the maximum leverage provided by Forex time is 1/300. The maximum leverage will be up to 1/30 for retail and up to 1/400 for skilled customers, according to ESMA’s product and action options.

FTMX DEPOSITS AND WITHDRAWALS:

FXTM provides a wide variety of account funding and withdrawal options, all of which are easy and fast to complete. They have online payment processors such as Skrill and NE teller, which could be more efficient for some users, and they are continuously introducing new solutions to enhance the process even further. If your profile has been inactive for six months, you will be billed a $5 inactivity fee. When using such payment systems, you can be paid a fee. It can take a few days for bank transactions to clear. Accounts are available in EUR, GBP, and USD. Currency exchange costs do not apply when using an account of your currency, so the multiple currency choices are advantageous.

FTMX ACCOUNT OPENING:

Opening an account with FXTM to exchange is a clear and fast process that can be completed purely online. On the platform, there is a short form to fill out. For KYC reasons, you would need to validate your email address, upload a form of verification, and validate your address. You will fund your account and begin trading after it has been checked by the FXTM account team. 

CONCLUSION:

FXTM is an award-winning broker that prioritises customer education while delivering a wide variety of trading accounts to fit various trading types. They are regulated in a variety of jurisdictions and have a diverse selection of over 250 trading instruments across various markets and platforms.

FREQUENTLY ASKED QUESTIONS:

1. IS FXTM IS A LEGIT BROKER?

Yes, FXTM is a legal broker, since each of the entities and brands it represents is authorised and controlled by a variety of different jurisdictions around the world. Forex Time Ltd is governed by the Cyprus Securities and Exchange Commission (CySEC), approved by the South African Financial Services Commission (FSCA), and supervised by the Mauritius-based offshore authority FSC.

2. WHAT IS FXTM COMMISSION FEES?

As a result, there are no commission charges when trading for the Standard plan and all expenses are contained in the spread.

3. HOW DO I WITHDARW MONEY FROM FXTM?

Go to the Withdraw page in My Money after signing into your account in My FXTM. Choose your withdrawal form and the sum you want to withdraw, then press ‘Withdraw’. Fill out the withdrawal application form, along with the PIN that will be emailed to you or sent to your mobile via SMS. Confirm your withdrawal and submit your application.

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