FXTM Review

Ranking

#3

Minimum Deposit:

$10

Max Leverage:

1:30

Phone : +44 203 734 10 25

Overview

FXTM was founded in 2011 by major shareholder of online broker Alpari Andrei Dashin. They are regulated by a list of financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

Account Types

There are only two platform options available: Meta-Trader 4 and Meta-Trader 5. Both of them are the most popular platforms in the world. Theyhave very intuitive interface and access to custom scripts. MT4 and MT5 are available on desktop, web and mobile.

Trading Platform

There are only two platform options available: Meta-Trader 4 and Meta-Trader 5. Both of them are the most popular platforms in the world. Theyhave very intuitive interface and access to custom scripts. MT4 and MT5 are available on desktop, web and mobile.

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  • Max levarge – 1:30
  • Minimum deposit – $10
  • Spreads From – Spreads From – 0 PIPS

Overview:

FXTM was founded in 2011 by major shareholder of online broker Alpari Andrei Dashin. They are regulated by a list of financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

FXTM provides Meta Trader platform for their clients and in addition to that, they have recently developed their own mobile trading app.

Account Types:

FXTM provides traders with several accounts options, and each of them has its pros and cons, ranging from the size of the margin to the methods of execution, the assortment of markets and transaction value.

‘Standard account’ has minimal deposits of $100, 1:30 leverage and 1.3 PIPs spreads. ‘Cent account’ has $10 (or equivalent) minimal deposit and 1:30 leverage, but the spreads are larger 1.5 PIPs. ‘Shares account’ on the other hand has the lowest spreads 0.1 PIPs, $100 minimal deposits and smaller leverage of 1:3.

There are also another three account options, which can be traded with MT4 platform. ‘ENC account’ with $500 minimal deposits, 0.1 PIPS spread and $2 per lot commission. ‘ENC Zero account’ has $200 of minimal deposits, 1.5 PIPs spread and no commission. And finally, ‘FXTM Pro account’ with $25,000 minimal deposit, no commissions and 0 spread.

Trading Platform:

There are only two platform options available: Meta-Trader 4 and Meta-Trader 5. Both of them are the most popular platforms in the world. They have very intuitive interface and access to custom scripts. MT4 and MT5 are available on desktop, web and mobile.

Recently FXTM has developed their own mobile trading application.

Deposit & Withdraws:

There is large amount of options, how to deposit and withdraw funds. Bank transfer, credit and debit card, E-wallet, WebMoney, Western Union, Neteller, Skrill, Crypto, Western union, Alfa-clik, Yandex.Money, Qiwi.

There are some withdraw fees, which depend on country of residence and withdraw method.

Markets:

FXTM provides access to different markets. The large range of stock indices and commodities CFDs, forex and cryptocurrencies like Bitcoin, Ethereum and other.

Customer Support:

The customers of FXTM can get support via Telegram, Live Chat, Viber, as well as telephone and Email. Support is available 24 hours a day, 5 days a week.

Safety:

The FXTM brand has been licensed to operate in several jurisdictions, including across the EU through its Cypriot subsidiary, registered with CySEC as ForexTime Limited. The company also received a license to work in South Africa from the Financial Services Council (FSB). In addition, the FXTM broker is registered with the Belize International Financial Services Commission (IFSC) as FT Global Limited.

In 2018, FXTM received official UK status by registering with the Financial Supervisory Authority (FCA) as ForexTime UK Limited.

Final Thoughts:

FXTM is one of the market leaders and they quickly expanding all over the world. The company is regulated by large number of respectful jurisdictions.

Their customers have variety of options to deposit and withdraw funds, possibility to open different types of trading accounts to match their needs and 24 hours support team.