FXTM Review 2024: How Good of a Broker is Forex Time?

Every member of our team is expertly trained to assist you so that your trading experience with us is hassle-free and more importantly, enjoyable! We wish you Happy Trading and please do reach out to us if you need any assistance. FXTM does not have their own propriety trading platform, instead choosing to provide MetaTrader 4 & 5 as options.

1. Concluding the FXTM review, we admit that FXTM gives quality trading potential for both beginners and experienced traders or investors and FXTM is one of the leaders in Forex Trading.
2. There are also 2 US mini indices for trading at a lower risk in the form of both the NASDAQ and SPX 500, both mini.
3. For account holders who maintain balances of £250,000 or equivalent or greater, you become eligible to receive institution-level spreads.
4. FXTM (ForexTime) was founded in 2011 by Andrey Dashin, already a key figure in the forex broker community thanks to his involvement with Alpari.

New traders or those simply looking to learn new methodologies are well catered for, with a multitude of tutorials and articles throughout the website. Experienced traders, on the other hand, have access to some of the brightest economic minds in the game. Charts with clear entry and exit points, delivered by proven, funded xcritical scammers traders. If you want to learn how it works start by going through this in-depth guide on forex trading. It requires a minimum initial account deposit of £200 or equivalent. The broker keeps thriving in the world of forex trading and has won the award for the Best Trading Experience at the 2020 World Finance Forex Awards.

What is the FXTM ECN Zero account?

Each account type allows clients to focus on different asset classes, as well as offering different spread and commission price models. You can view the full FXTM standard vs ECN account page or a summary is below. Another popular program is the ongoing Loyalty program, which offers you actual cash, not points or virtual cash. You earn $5 (or equivalent) in real cash that you can withdraw or use for future trades.

Can you make money with forextime?

Clients can download the full PDF without any additional cost. The slippage graph shows that most FXTM clients get to take advantage of positive slippage while enjoying https://xcritical.pro/ reduced negative slippage. In 2018, positive slippage got as high as 85.82 percent in March. Negative slippage got as low as 14.18 percent in the same month.

Can you trade UK Shares with forextime?

Processing times vary based on method and rank from instant to ten business days. Beginner traders have access to one of the most comprehensive educational offerings, consisting of a video library featuring dozens of videos and written content. I find it well-structured and an excellent starting point for new traders. I also recommend first-time traders seek third-party education covering trading psychology while avoiding paid-for courses. I like the regulatory framework at FXTM, ensuring traders have access to competitive trading conditions and superior protection. FXTM is a member of the Honk Kong-based Financial Commission, where the Compensation Fund protects traders up to €20,000 per claim.

Yes, FXTM levies an inactivity fee of $5 monthly after six months of dormancy. Yes, FXTM offers MT4 and upgrades the core version with six plugins. Opening an account at FXTM is fast, and the first step requires only a few seconds. Traders must submit their name, country, a valid mobile phone number, e-mail address, and desired password. FXTM will send a confirmation PIN to the entered mobile number to complete the process.