FXTM

Established in 2011, FXTM is a leading forex broker known for its exceptional customer service and advanced trading technology. With a global presence, FXTM has offices in several key locations, including Cyprus, Nigeria, London, Limassol, Dubai, Hong Kong, Nairobi, and Mauritius. The broker serves both institutional and retail traders, offering a broad range of tradable assets.

FXTM’s trading platform is designed to be user-friendly while incorporating numerous features, making it suitable for traders of all experience levels. 

FXTM is a top-tier, regulated forex broker that operates in over 180 countries worldwide. Founded in 2011 by Andrey Dashin, who also established the Alpari Group, FXTM has quickly become one of the leading brokers in the industry. The company offers its clients a comprehensive selection of tradable assets and various trading platforms.

FXTM is dedicated to providing both registered and potential clients with an exceptional trading experience. The broker offers an extensive range of tradable assets, including metals, stock trading, CFD stocks, indices, FX indices, currency pairs, commodities, stock baskets, and detailed contract specifications. This diverse range of options ensures that traders of all strategies and experience levels can find suitable instruments for their portfolios.

FXTM Regulations

FXTM is regulated by several top-tier authorities, including the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). In addition, FXTM holds a license from the Financial Services Commission of the Republic of Mauritius.

These regulatory bodies are known for maintaining high standards in the financial industry, ensuring that FXTM operates with transparency and adheres to strict financial rules, which helps keep client funds secure. Additionally, FXTM offers negative balance protection, which means you won’t lose more than your deposited amount, providing peace of mind for traders.

The FCA is regarded as a global benchmark for financial regulation, overseeing a range of financial entities such as banks, insurers, and brokers. Its main objective is to protect traders from unfair practices and ensure the overall stability of the financial markets.

Furthermore, CySEC, one of Europe’s leading regulatory bodies, is a member of the European Securities and Markets Authority (ESMA). CySEC supervises forex brokers, insurance companies, banks, stock exchanges, and investment firms operating in Cyprus, ensuring that these entities adhere to high standards of integrity and transparency.

Trading Instruments

FXTM offers a wide range of trading instruments designed to provide extraordinary service to its customers. Below are some of the key tradable assets available on the platform:

• Metal: FXTM offers the opportunity to trade silver and gold against the US dollar as well as other major currencies. Additionally, traders can take advantage of zero spreads when trading gold, offering a cost-effective way to speculate on precious metals.
• Stock: Stock trading has become increasingly popular among forex brokers, and FXTM is no exception. With FXTM, traders can trade stocks from top global brands with zero commission. This feature also provides real-time access to some of the most sought-after US stocks.
• CFD Stocks: FXTM offers CFD stock trading, allowing traders to speculate on the price movements of underlying assets. Using the FXTM MT5 platform, traders can initiate CFD stock trades with spreads starting from 0.1 and a fixed commission of $4 per lot.
• Indices: FXTM indices trading will get you access to some of the top indices from around the world. You will get access to GDAX (Dax 30), AUS200 (Australia 200), ND100m (US Tech 100 – Mini), UK100 (UK100), SP500m (US SPX 500 – Mini), and more.
• FX Indices & Currency Pairs: With over 50 currency pairs to choose from, FXTM allows traders to benefit from the fluctuations in currency values. This vast selection gives clients plenty of opportunities to speculate on the forex market.
• Commodities: FXTM also offers commodity trading, including access to the world’s largest gas and oil markets. Traders can speculate on commodities such as UK Brent oil, US crude oil, and US natural gas (all spot markets).
• Stock Baskets: FXTM provides a unique feature called stock baskets, which allows traders to invest in an entire industry’s trend without having to open multiple positions for each individual instrument. Hence, with FXTM’s customized indices, you can trade different industries. For example, the social media index for social media companies, the green index for eco-friendly companies, the mobile index for telecommunication companies, the space war index for aerospace companies, and the vegan index for the agricultural industries.

Minimum Deposit and Withdrawals

FXTM offers a wide range of deposit methods, which vary depending on your location. Common options include: Visa, Master Card, FasaPay, GPay, Skrill, Neteller, WebMoney, and Bank Transfer.

Additionally, depending on where you’re located, you can also use local payment methods and currencies for deposits. FXTM operates in 180 countries, and the available deposit and withdrawal methods are tailored to each region.

The minimum deposit required depends on the type of account you plan to open. For example:

• Micro account: Minimum deposit of $10

• Advantage and Advantage Plus accounts: Minimum deposit of $500

When it comes to withdrawals, FXTM offers numerous methods, similar to deposits, depending on your country. Common options include: Visa, Master Card, FasaPay, GPay, Skrill, Neteller, WebMoney, and Bank Transfer.

In addition, hundreds of local withdrawal methods are available, depending on your location.

The deposit time is usually instant to 2 business days, while withdrawals are processed within 24 hours for all methods. This ensures that you can access your funds quickly and conveniently.

FXTM Fees

FXTM offers several fee structures, typically including spreads, commissions, and swaps. Additionally, withdrawal fees may apply in certain cases, depending on the method used. The fees and spreads vary based on the type of account you register.

Here’s a breakdown of the spreads and commissions for different FXTM account types:

• Micro Account:

  • Spread starts from 1.5 pips

  • Zero commission

• Advantage Account:

  • Spread starts at 0 pips

  • Commission ranges from $0.40 to $2, depending on the trading volume

• Advantage Plus Account:

  • Spread starts from 1.5 pips

  • Zero commission

These fee structures are designed to offer flexibility for different types of traders, with lower spreads available for accounts like the Advantage Account, which also comes with a commission structure based on trading volume.

FXTM Bonuses

FXTM offers both referral and deposit bonuses to its clients. Here’s an overview of these bonus offerings:

Deposit Bonus

FXTM provides a 30% deposit bonus on your deposit, but there are some limitations. The bonus can go up to $200, but it’s important to note that this bonus may not be available all the time. FXTM offers bonuses in different time frames, so it’s advisable to check their website regularly for updates. Typically, these bonuses are more common during specific seasons, such as Christmas and fall.

Referral Bonus

FXTM also offers a referral bonus. If you refer someone to the broker and they sign up using your referral link and make their first deposit, you’ll receive a $50 bonus. Additionally, the person you referred will also receive a $50 bonus as a reward for signing up with your link.

These bonuses provide additional opportunities for traders to earn rewards and make the most of their trading experience with FXTM.

Trading Platform

FXTM offers trading services through two popular platforms: FXTM MT4 and FXTM MT5, both of which are widely used by traders for their advanced features and reliability.

In addition to these platforms, FXTM also provides its own mobile app, FXTM Trader, which allows traders to manage their accounts and execute trades on the go, offering convenience and flexibility for trading from anywhere.

MT4

You can access FXTM MT4 from any device with a stable internet connection, whether you’re using Windows, Mac, Mobile, or Tablet. This flexibility ensures that you can trade on the platform from virtually anywhere.

FXTM MT4 is available in over 20 languages for both demo and live FXTM accounts, making it a global industry standard. The platform allows you to trade a wide range of FXTM instruments, including forex, stocks, futures, and CFDs.

One of the standout features of FXTM MT4 is its comprehensive suite of tools, which includes:

• Real-time quotes

• A wide range of indicators and analytical tools

• Streaming news

• Economic calendar

These tools help you make well-informed and potentially profitable trades, enhancing your overall trading experience.

MetaTrader 5

FXTM MetaTrader 5 (MT5) is a highly intuitive and multi-asset trading platform designed to provide traders with advanced tools and features for trading forex, stocks, futures, and options. Here are some of the key benefits and features of FXTM MT5:

• Real-time live charts and quotes for accurate market analysis.

• Active indicators and analysis tools to help identify trading opportunities.

• High execution speed, ensuring quick order processing for better trading efficiency.

• Trade execution directly from charts, making it easier to enter and exit positions.

• Ability to trade multiple assets simultaneously, providing flexibility in managing different positions.

FXTM MT5 also offers a customizable interface with:

• Four order execution types, compared to the three offered by MT4.

• 38 technical indicators to assist with detailed market analysis.

• 44 graphical objects for enhanced charting and analysis.

• 21 timeframes, giving you greater control over your trading strategies.

These features make FXTM MT5 a powerful tool for traders looking for an all-encompassing trading platform with advanced functionality and ease of use.

FXTM Trader

FXTM Trader is a highly customized mobile app available for both Android and iOS devices, allowing you to trade anytime, anywhere. Designed with security in mind, the app uses state-of-the-art SSL encryption technology to ensure your funds and personal data are safe and secure.

This mobile app is one of the most advanced and user-friendly apps available in the forex industry. It offers a wide range of features, including:

• Live streaming prices for real-time market updates

• Advanced charting tools to analyze market trends

• The ability to open and manage trades on the go, making trading more convenient and flexible

• Customization options to tailor the app to your trading style, with a variety of indicators and settings to choose from

With FXTM Trader, you can trade efficiently and stay on top of the markets, all while enjoying a secure and personalized trading experience.

Account Types

FXTM offers three main account types to cater to different trading needs and experience levels:

1. Micro Account: Ideal for beginner traders, this account has a low minimum deposit requirement and allows for smaller trade sizes, making it a great choice for those just starting out in forex trading.

2. Advantage Account: Designed for more experienced traders, this account offers tighter spreads, no commission fees, and a wider range of trading instruments. It’s suited for traders who want better trading conditions and flexibility.

3. Advantage Plus Account: This account type is tailored for professional traders and offers features like competitive spreads, zero commission, and access to advanced trading tools. It’s best for those who need higher leverage and access to premium features.

Each account type is designed to provide traders with the best possible trading conditions based on their needs and experience level.

Micro Account

The Micro Account (also known as the FXTM Cent Account) is one of the most popular account types offered by FXTM, particularly recommended for beginner traders.

Key features of the Micro Account include:

• Low spreads and no commissions, making it cost-effective for new traders.

• Leverage of up to 1:1000 for forex and 1:1500 for metals, allowing traders to control larger positions with a smaller capital.

• You can open the account with a minimum deposit of just $10, making it highly accessible for those just starting out in forex trading.

• Access to the FXTM MT4 platform, giving traders a powerful and user-friendly platform to execute trades.

This account is perfect for those new to forex trading, offering a low-risk way to learn and practice trading with real market conditions.

Advantage Account

The FXTM Advantage Account (also known as the FXTM Standard Account) is one of the most popular account types, ideal for traders looking for a balance of features and flexibility.

Key features of the Advantage Account include:

• Access to both MT4 and MT5 platforms, offering advanced trading tools and options.

• A minimum deposit of $500, with the ability to use USD, EUR, GBP, and NGN as the base currency.

• Floating leverage of up to 1:2000, providing traders with the ability to control larger positions with a smaller capital.

• Market execution process with an 80% margin call, ensuring efficient order execution.

• Commission ranges from $0.40 to $2, based on trading volume.

This account is well-suited for traders who want to trade with lower commissions and high leverage while benefiting from access to both major platforms (MT4 and MT5).

Advantage Plus Account

The FXTM Advantage Plus Account is designed for advanced traders seeking a premium trading experience. It offers a range of features and benefits that cater to those looking for greater flexibility and enhanced support.

Key features of the Advantage Plus Account include:

• Leverage of up to 1:2000, providing significant trading power.

• Negative balance protection, ensuring that you cannot lose more than your account balance, offering peace of mind.

• Access to a dedicated account manager, providing personalized support to help with trading strategies and account management.

• Ability to place unlimited orders and manage up to 300 pending orders, offering greater flexibility in managing multiple positions.

• Access to a customized login page through MyFXTM, streamlining account management and access.

While similar to the Advantage Account, the Advantage Plus Account offers additional perks, making it an excellent choice for traders who require more advanced features and greater control over their trades.

FXTM Broker Tools

FXTM offers numerous broker tools to its clients. These tools include an economic calendar, daily market analysis, pip calculator, profit calculator, forex VPS hosting, a currency converter, and more.

Economic Calendar

The economic calendar provided by FXTM offers traders a comprehensive breakdown of important economic events scheduled for the upcoming week. This valuable tool allows traders to stay informed about key events that could influence the market, such as economic data releases, central bank meetings, and other significant market-moving events.

By utilizing the economic calendar, traders can strategically plan their trades around these events, ensuring they are prepared for potential market volatility or opportunities. This feature is essential for traders who incorporate fundamental analysis into their trading strategies.

Daily Market Analysis

The market analysis provided by FXTM offers traders in-depth insights into the latest market trends, helping them stay informed about the current conditions. This analysis is designed to identify both opportunities and risks in the market, allowing traders to make more informed decisions.

By utilizing these insights, traders can better anticipate market movements, adjust their strategies accordingly, and capitalize on potential opportunities while managing risks effectively. Whether you’re using technical analysis or fundamental analysis, the market analysis is a valuable tool for any trader looking to stay ahead in the forex market.

Pip Calculator

A pip (percentage in point) is a unit of measurement used to represent the change in the exchange rate between two currencies. It helps traders track price movements in the forex market. However, calculating pips can be complex and time-consuming, especially when determining the value of each pip based on the size of the position and the currency pair.

This is where the FXTM pip calculator tool becomes incredibly useful. It simplifies the process by automatically calculating the pip value, saving traders time and reducing the risk of errors. The pip value will vary depending on factors such as the position size and the currency pair being traded, so the calculator helps ensure accurate calculations for every trade.

Profit Calculator

The FXTM profit calculator is a valuable tool that helps traders estimate the potential profit from a trade. It takes into account several factors, including the trade size, current market conditions, and the trader’s desired profit.

By inputting these values, the calculator provides a projected profit amount, giving traders a clearer picture of the potential outcome before executing a trade. This tool is particularly useful for decision-making, allowing traders to assess potential risks and rewards, helping them plan their strategies effectively and manage their positions with confidence.

VPS Hosting

VPS (Virtual Private Server) hosting is a unique service offered by FXTM that enables traders to run their trading software on a remote server, ensuring smoother and more reliable performance. Trading software can be resource-intensive, and running it on a personal computer may lead to slower performance or even system crashes during critical moments.

With FXTM’s VPS hosting, traders can avoid these issues and trade in a stable environment, ensuring that their trading software runs efficiently 24/7 without interruptions. This service is especially beneficial for those using automated trading strategies or expert advisors (EAs), as it provides constant uptime and faster execution speeds.

Currency Converter

The currency converter is a useful tool for traders, allowing them to see how a particular currency is performing against other currencies in real time. This information helps traders make informed decisions about which currency pairs to trade, based on their current performance in the market.

For beginners, the currency converter is an excellent learning tool, offering insights into market trends and how different currencies interact with each other. By utilizing this tool, new traders can better plan their strategies and enhance their understanding of forex market dynamics.

FXTM Copy Trading

FXTM Copy Trading allows traders to replicate the strategies of successful traders without needing to risk their own money directly. The process is simple and easy to follow:

1. Select a Trader: Start by choosing a trader whose strategy you’d like to follow. You can filter traders based on factors such as their country of origin, investment amount, and trading style.

2. Review Trading History: Once you’ve identified a trader, you can review their trading history and performance, including profits over various time frames, such as months or years.

3. Copy the Trader: If you’re satisfied with their performance, you can start copying that trader’s trades.

FXTM Copy Trading offers a straightforward way for beginners and experienced traders alike to benefit from the success of others while learning and observing professional strategies.

Research and Education

FXTM offers a comprehensive Forex education platform accessible through its website. The platform includes a wide variety of resources that can be filtered based on experience level, topic, and asset class, making it easy for traders to find the content that suits their needs.

Key features of the education section include:

• A library of educational videos, articles, webinars, and podcasts, offering a diverse range of learning formats.

• Well-organized and user-friendly structure, ensuring that traders can quickly access the resources they need.

• Comprehensive coverage of essential topics, from basic concepts to advanced strategies.

This education section is an excellent tool for traders looking to enhance their knowledge and improve their trading skills, regardless of their experience level.

Customer Support

FXTM offers 24/7 customer support, ensuring that traders can reach out whenever they need assistance. You can contact their support team via phone, email, or live chat, making it easy to get help in real time.

With an excellent reputation for customer service, FXTM is known for its responsiveness and support. Based on its consistent reliability and dedication to helping traders, we highly recommend FXTM to anyone seeking a trustworthy forex broker with top-tier customer service.