Forex Time (FXTM) Broker Review

When choosing the best Forex & Stock CFD broker and charts to trade the markets with, there are some major criteria that you always need in a broker.

A lot of brokers do not meet these standards and most traders don’t know what they should be looking for which sees them land with a broker they really wish they hadn’t.

We have looked through and tested a huge range of brokers all around the world that have a wide variety of offerings, account types, charting platforms and regulations to see what the best offerings are.

What to Look For in a Good Forex and Stock CFD Broker

The crucial elements a broker should have are;

• The best charts for price action and other strategies including EA’s/indicators
• Regulation
• Good pricing including different account types.
• Great support
• Negative balance protection.
• Good charts and mobile platforms are a must
• Fast and convenient deposit and withdraw options.
• Systems and platforms kept up to date – including with security
• Many markets for trading opportunities

FXTM Review: Who are FXTM?

It is hard to find brokers that are fully transparent, have no other sneaky hidden fees and hold client funds (your money) in secure segregated accounts, but that is what FXTM offers traders.

FXTM is a broker that offers both non-dealing desk and dealing desk trading solutions for active day traders and scalpers as well as traders that are new to the Forex market.

They have won a lot of awards including the best ECN broker and the best trading educator provider.

Get Free FXTM Demo Account Here

FXTM offers some of the smallest trading costs around along with the some of fastest trading execution times in the world.

FXTM have a strong emphasis on competitive spreads and commission charges that are provided by their non dealing desk trading platforms.

FXTM also offers the latest MT4 and MT5 charts that you can download and use on desktop, android, iPad and iPhone.

FXTM Regulation

Simply put; many brokers are not regulated so they don’t have to face the strict rules that come from regulators.

This is a real worry for traders and anyone who has a problem with their broker. These brokers are held to far less stringent rules and do not have a watch dog making sure they do the right thing.

In many cases unregulated brokers segregate your funds from the company funds. This means that your funds are mixed with that of the broker and are not audited to make sure they are safe. These are real worries.

FXTM is globally regulated through the Cyprus Securities and Exchange Commission in Cyprus, the Financial Conduct Authority (FCA) in the UK, the Financial Sector Conduct Authority (FSCA) of South Africa and the Financial Services Commission of the Republic of Mauritius

What are the Features of FXTM?

Get Free FXTM Demo Account Here

What Markets Can be Traded With FXTM?

A look at the trading markets available and you can quickly see that almost every market a trader could want to trade is available from;

• Forex – From the major like EURUSD to all the cross and exotics FX pairs.

• Cryptocurrencies – a wide range of cryptomarkets to make trades on including Bitcoin and Ripple.

• Indices – Stock indices ranging from the UK100 through to the ITA40
• Commodities – Such as Gold, Silver, Oil, Platinum Soybean and a lot more.
• Stock CFD’s – Stocks such as Apple, Amazon or Boeing.

FXTM Account Types

FXTM offers multiple account types with fixed and variable spreads.

FXTM offers three different trading accounts.

The first is the Mirco account. This account starts with a small minimum deposit. This is great for new traders wanting to test Forex Time, however there are not as many markets available to trade as the other accounts.

The next is the Advantage Account. This has a wider range of markets you can trade, and no spreads are charged, just commissions per trade.

The last account is the Advantage Plus account. This is for the more serious traders who don’t want to pay commissions. Minimum deposits start at $500, but this account types comes with all markets and benefits.

Check out a comparison of the different accounts below.

FXTM Platforms: MT4 and MT5

The most popular charts by far in the trading world are MT4 and MT5

The simple reason for this is that they are incredibly reliable, can be used for very small to very large trading, can handle all sorts of trading from price action technical analysis, right through to complicated indicator and EA strategies.

Metatrader charts can be used on PC, Mac, iPhone and mobile and can also be synced in so you are using the same charts in your phone that you are using on your computer.

They are incredibly lightweight and easy to use. And they are free!

FXTM offer traders free MT4 and MT5 trading platforms that can be downloaded and used on PC, Mac and also Android / iPad.

FXTM Deposit and Withdrawal Options

FXTM have a wide range of fast and flexible deposit and withdrawal options that they are continually updating and include;

• Debit/Credit Card 
• Wire Transfer 
• SKRILL/Moneybookers 
• NETELLER 
• WebMoney 
• Fasapay 
• VLoad
• Bitcoin
• Neteller

Start Demo / Real Trading

When you signup to FXTM you will gain access to their free demo platform charts as well as be able to open your live account.

You can now start practice trading with virtual money just like you would in the real markets.

When you are ready you can then begin using your real capital to trade yourself.

FXTM FAQs

Is FXTM Regulated?

Yes, FXTM is globally regulated through the Cyprus Securities and Exchange Commission in Cyprus, the Financial Conduct Authority (FCA) in the UK, the financial Sector Conduct Authority (FSCA) of South Africa and the Financial Services Commission of the Republic of Mauritius

What Account Types Does FXTM Offer?

FXTM offer multiple accounts types including the micro account, advantage account and advantage plus account.

What Platforms Does FXTM Offer?

MT4 and MT5 platforms for Desktop, Mac, Android, iPhone & Ipad.

What is the Minimum Deposit?

$10 USD

Does FXTM Offer a Free Demo Account?

Yes, you can try their free demo right here.

Conclusion

Your broker selection is key to becoming successful. You need a broker you can trust and do not have to worry about.

FXTM has now been around since 2011 and has a huge offering for all trader types.

The fast trade execution times, small spreads and trading costs along with their great trader support is why they have so many active traders and are so popular.

Get Free FXTM Demo Account Here