Additionally, FXTM provides a Cent Account, ideal for beginners who want to trade with smaller amounts. For every account type, the minimum deposit is different. The broker has seven accounts, six of which are for retail traders and one for the professionals. The minimum deposit amount for professional traders is much higher and the requirements are stricter than for the rest of the account types. FXTM is a global forex broker offering access to a wide range of markets through the MT4/MT5 platform.
ForexTime Performance Statistics
I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. Our experts tested the customer support options offered by FXTM. We were able to contact the broker via phone, email, post or online chat (WhatsApp; live chat; Viber; Telegram; or Messenger). We were offered a free pip calculator and profit/margin calculator when we traded with FTXM, alongside expert market analysis.
FXTM Pro ECN accounts, for example, only offer super low spread values if a balance of 25,000 USD/EUR/GBP is maintained. The entry threshold is very high, but the customers are also offered maximum opportunities, maximum leverage, no spread and no commissions. All types of trading instruments, except for CFDs on stocks are available to the customers. Special conditions for trading over 300 stocks on the U.S. market is a new trading service ForexTime introduced in 2020. Direct stock trading was not charged with any commissions as of the end of 2020 and the spread was solely market.
- Clients can also find tutorials on a range of subjects, and a periodic table with investment terms.
- You will also find commissions for stock trading via PRO MT5 here.
- Margin calls are at 60 percent and stop outs at 40 percent.
- All cryptocurrency CFDs are traded in currency pairs just like forex markets, against the US Dollar.
The most common analysis video is an overview of the market for the week. According to ForexTime, the company publishes all these statistics to reset the benchmarks and standards of the forex industry. One very useful part of the ForexTime website is a comparison between MetaTrader 4 and MetaTrader 5.
FXTM will send a confirmation PIN to the entered mobile number to complete the process. We were able to complete this within 24 hours which was speedy xcritical official site and satisfactory. A $5 monthly inactivity fee applies after six months of dormancy.
It also provides the ability to deliver those previously mentioned instant trades. At the time of this review, FXTM maintains a refer-a-friend campaign. Traders and their referrals can each get $50 for a referral.
Deposits
Profiles can be tailored to suit individual requirements. FXTM features competitive spreads, starting from 0.0 pips on ECN accounts. However, ECN accounts charge a commission based on trade volume. For traders who prefer not to pay commissions, FXTM offers standard accounts with wider spreads starting from 1.3 pips. DailyForex.com adheres to strict xcriticals to preserve editorial integrity to help you make decisions with confidence.
FXTM Account Types
You can view this information via several sources including podcasts, illustrated economic calendars, Twitter posts and videos. Additionally, clients can make use of MT4 forex trading indicators such as the pivot point indicator, spread indicator and the real-time day bar info indicator. Our 2024 FXTM review has rated them the best forex education broker. The resources that FXTM has put into both education and analysis exceeds anyone else in the entire industry. If you’re a more experienced trader who’s looking to take their trading to the next level, then FXTM’s market analysis is worth checking out. New traders are often overwhelmed with the sheer amount of information required to succeed in the markets.
Market Analysis
I find this reasonable and acceptable, and active traders will never face this cost. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare the markets and instruments offered by FXTM and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
This program gives you withdrawable cash for your loyalty instead of virtual dollars or points with limited usability. There are also forex trading strategies, forex trading videos, general forex educational videos, and educational articles. Clients can also find tutorials on a range of subjects, and a periodic table with investment terms.
ForexTime FXTM: Features
The main section is the week’s events reviews in 60 seconds. Within a minute, a ForexTime expert talks about the key events in the economic world and shares their opinions about how they may impact specific assets. Earlier, the broker also published the same videos on its website, but now, the last published video there was dated April 27, 2020. Now, the videos come out only on the broker’s official YouTube channel.
To become a part of the program, a customer needs to register and get a xcritical rezension referral link. Their schedule is posted on the broker’s official website. FXTM holds both educational and analytical webinars with market reviews. In terms of drawbacks, the events are held only in English or Vietnamese.
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