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fxtm review

ForexTime, better known as FXTM, is a well-known forex broker famous worldwide, but especially among African traders. FXTM have established themselves as a very well-trusted, and compliant broker across the globe. This is thanks in part to their regulatory oversight which comes from many of the most respected bodies in the industry. Currently, the broker is regulated by multiple top-tier regulators including CySEC in the EU, the FCA in the UK, FSCA in South Africa, and the FSC in British Virgin Islands. This provides them an excellent mix of regulatory environments and a degree of flexibility depending on the entity you are trading under. Trading is the buying and selling securities, such as stocks, bonds, currencies, and commodities, to make a profit.

fxtm review

How long is FXTM withdrawal?

  1. FXTM offers both dealing desk and ECN execution models based on the type of account chosen.
  2. Commissions are only charged on the ECN account and ForexTime (FXTM) Pro Account.
  3. It is also worth noting that CySEC and FCA are highly regarded authorities, meaning FXTM has to demonstrate a high level of financial accountability and fair, transparent and honest trading.
  4. Scalping and hedging are allowed and the commissions start at just $4.
  5. They can then use an automated trading system, such as Expert Advisors, to follow the trading strategy.

The FXTM copy trading platform FXTM Invest is also offered in this category and provides a high quality choice for those who wish to engage in copy trading through the broker. MetaTrader is the universally popular online trading platform that lets you monitor the markets and trade in real-time. When you trade with us, you trade on one of these two powerful platforms, beloved by traders of all experience levels around the world. There is a free demo account you can take advantage of before committing your money to the broker so you can get a feel for how it works.

FXTM Broker Review 2024

This means credit cards, debit cards, and a range of eWallets are available. Deposits are typically accepted in USD, EUR, and GBP through all deposit methods. NGN and INR (Indian Rupee) are also both accepted through Neteller while other currencies may be accepted locally. Deposit by Western Union is also available as are a number of local payment methods depending on your region especially in Asia, Africa, and South America. If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to FXTM. One big downside though, is that this broker does not accept EU retail customers anymore.

Our Most Popular Account: Advantage

This FXTM tool enables you to perform five-point calculations to decide what position to take on a range of financial instruments. FXTM’s minimum deposit for residents of South Africa is only $200. FXTM caters to most international traders, including the UK, India, Malaysia, and the Philippines. They include bank wires and a broad range of domestic banking solutions for countries, which I find excellent. Traders may also use Skrill, GlobePay, Pay Redeem, Perfect Money, Neteller, FasaPay, and M-Pesa. If you have experience trading with FXTM please share your personal review of the broker and what you think are strong and weak points.

FXTM Account Types

fxtm review

It is a copy trading program that relies on cutting-edge technology. This lets you use your forex skills to earn additional capital. That way, you will earn a percentage of their profits, as much as 50 percent.

fxtm review

FXTM is dedicated to full transparency and they keep to this philosophy by publishing numerous stats related to their business on their website. This includes such data as speed of execution, slippage, and re-quote levels. Overall, ForexTime is a very solid company with good regulations, competitive spreads and a well maintained platform.

Trading Instruments

fxtm review

We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Cent AccountThe Cent Account is designed to give new traders a taste of the psychology required to succeed. Used primarily for testing purposes under live conditions, they have an amazingly low minimum deposit level. As the name suggests, your account balance is always displayed in cents. FXTM allows traders to expand their forex trading knowledge thanks to a plethora of educational content.

See how FXTM compares to the leading Forex brokers by reading one of the reviews below. If you are trading with FXTM using MetaTrader 4 or MetaTrader fxtm broker reviews 5, you can also elect to use the MT4 or MT5 suite of apps for mobile trading needs. Another very simple incentive is FXTM’s refer a friend program.

As a dynamic and innovative company, FXTM employs over 800 professionals across more than 10 global offices. Our rapid growth since 2011 is a testament to our culture of innovation and global collaboration. We are continuously seeking talented individuals to join our teams. Signal Centre, powered by Acuity, can be accessed from the client portal.

This goes against both regulation and our corporate ethics.Kindly send us an email to with your MyFXTM number, trading account number and all the information regarding the aforementioned situation. We will be glad to check everything and provide you with a detailed response. I am a certified Trader now I have been trading with many brokers for last 10 years.

For example, the forex market in London is active from 3 AM to 12 noon; in New York it’s 9 AM to 5 PM; in Sydney it’s 5 PM to 2 AM, and the Tokyo market is open from 7 PM to 4 AM (all times GMT). Additional security settings, such as two-factor authentication (2FA) and one-time passwords (OTPs), can be added to FXTM platforms. Response times were quick, with an initial response to a live chat query made via the website followed up within two minutes. Remember to check the terms and conditions of promotions and contests before getting started – challenging minimum thresholds and requirements may be set. Promotions include, among others, a 30% welcome bonus and access to the FXTM loyalty program with fee discounts and other perks for active investors. Occasional bonuses and promotions are available, though these are limited to the global subsidiaries only due to ESMA restrictions on financial incentives introduced in 2018.