Beginners can start with introductory guides to forex trading and CFDs, while more experienced traders can delve into advanced resources on specific trading styles like scalping. I particularly appreciated the in-depth guides on particular instruments, such as the Nasdaq-100. Thus, they offer plenty of opportunity for specialization (eg indices only) and diversification (eg all major currency pairs).
The benefit of having the base currency available that you deposit in or withdraw to is that you will not have to pay any currency conversion fees. FXTM invest is also available with this account type if you are using the MT4 trading platform while the spread on trading here starts from 1.5 pips. Top regulation is not the only thing that the broker puts in place to ensure your safety and security as a trader.
- Overall, FXTM provides everything you need to get the most from your trades.
- As pro traders are sufficiently experienced, the FXTM demo account is not available for them.
- The demo account is an extremely powerful educational tool that lets you trade using virtual money to avoid risking any real funds.
- Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.
- Further provided by the broker is ICF insurance which can protect up to €20.000 for EU traders, and £85.000 for UK traders in the event of any serious financial issues.
FXTM Support & Education
Yes, our review of FXTM found that the broker is regulated by several reputable global authorities. The EU arm of the broker is licensed by CySEC, South African traders are protected by the FSCA, and UK clients benefit from FCA regulation. If you are trading with FXTM from elsewhere in the world, you are secured by the FSC of Mauritius. Those interested in social trading or copy trading can do so via FXTM Invest.
These articles expand beyond a glossary and also provide education on how to use indicators, fundamental and technical analysis, and other strategies. There is also a Beginner’s Guide to Forex trading that we strongly suggest new traders take a look at. Our review of FXTM research tools is highly favorable, as the broker offers daily analysis, an economic calendar, and even a free virtual private server (VPS) to help you trade 24/5 with Expert Advisors. There are also multiple calculators including a currency converter and the FXTM Invest profit calculator. Overall, FXTM provides everything you need to get the most from your trades.
FXTM offers clients the opportunity to trade over 250 financial instruments, all from MT4/MT5. FXTM encourages traders to download both the MT4 and MT5 https://traderoom.info/fxtm-what-a-trader-is-in-for/ platforms, then use them in parallel before making their final decision. However, while the broker ensures that they won’t be deactivating MT4 soon, it will happen eventually. FXTM is known as a specialist MetaTrader broker, focusing its CFD trading platform offering exclusively on the MT4 and MT5 platforms. Unfortunately, this means that if you’re looking to use cTrader, then you are unable to with this broker.
- You will also be able to trade real stocks here which is included in the asset total.
- With so many different definitions for traders to learn, FXTM have compiled a vast glossary of terms and definitions that is freely available on their website.
- You can choose from over 250 trading instruments to trade on popular and user-friendly trading platforms from MetaQuotes (MT4 & MT5).
- FXTM also provides demo accounts on MT4, MT5, and the FXTM Trader mobile app.
- These resources are particularly useful for new traders looking to expand their forex knowledge.
FXTM’s affiliate program offers a lucrative opportunity for individuals to earn substantial commissions through a user-friendly platform. FXTM offers a wide range of trading instruments, including forex, commodities, and cryptocurrencies, catering to various trading styles and preferences. Experienced and high-volume traders will appreciate the benefits of tight dealing spreads and access to an electronic communications network (ECN) account option that allows direct access to the market. A small commission is charged in addition to the tight market dealing spreads for the ECN account. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker.
FXTM Customer Support
Yes, FXTM’s educational materials cater to traders at all levels, from beginners to advanced. All accounts provide market execution and leverage options to enhance trading flexibility. FXTM demonstrates a strong commitment to fund safety and security, backed by reputable regulatory oversight and substantial insurance coverage. With robust security measures and a focus on keeping client funds secure, traders can confidently engage with the platform knowing their investments are well-protected. Whether you’re just starting out as a forex trader or have been trading for years, FXTM can fit your needs and provide excellent forex brokerage services regardless of your level of expertise. FXTM’s fee structure is competitive, especially for traders who opt for its commission-free accounts.
What types of educational resources does FXTM offer?
A swap-free account removes any interest-related charges, in accordance with Sharia law, which prohibits usury. Use the calculator below to compare FXTM’s trading costs with competitors such as Pepperstone, Eightcap and CMC Markets, adjusting for trade size, currency pair, and base currency. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. We’re super happy to know that you’re enjoying your Trading Experience with FXTM.
FXTM’s asset variety is competitive too, although brokers like FP Markets provide a broader selection of instruments. The broker’s customer support operates during business hours, which is similar to brokers like HFM, while others, such as IC Markets and Pepperstone, provide 24/7 support. FXTM applies swap fees for positions held open overnight, reflecting the cost of carrying trades across trading sessions. These fees are calculated based on the interest rate differential between the two currencies in the specific asset being traded. Traders who engage in longer-term strategies or frequently hold positions overnight should consider these swap fees as part of their overall trading cost, as they can accumulate over time. However, some traders have raised concerns over differences in protection levels among FXTM’s entities and occasional delays in withdrawals.
I like that they have strict regulation in multiple jurisdictions as this gives me confidence that my account with them is safe so that I can focus on my trading. You can try them out with a minimum deposit of just $10 and a simple account opening process that is completed online within minutes. Overall, I am very impressed with FXTM and what they have to offer traders from all backgrounds. They have strict regulation in multiple jurisdictions and offer a wide range of over 250+ trading instruments across multiple markets and intuitive platforms for desktop, web and mobile devices.
I found the MT4 platform’s backtesting functionality particularly helpful for refining my automated trading strategies. Anthony Gallagher is a financial journalist and forex expert with years of experience in the industry. Anthony’s writing is informed by personal trading experience, which he uses to help other forex traders improve their results. Anthony has tested dozens of forex trading tools and written hundreds of articles for many well-known sites in the industry.
The minimum deposit is $10 for Cent accounts, $100 for Standard or Shares Accounts, $200 for ECN Zero Accounts, $500 for ECN Accounts, and $25,000 for FXTM Pro Accounts. You can also open a demo account free of charge to practice your trading strategies. There are a variety of account types available to meet all trading needs and a truly impressive selection of funding methods.
This is not only something that is widely respected in the industry, but also keeps you very well protected as a trader. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. If you have experience trading with FXTM please share your personal review of the broker and what you think are strong and weak points. Its FXTM Trader App, which I downloaded and used, also helps to simplify the trading process if you’re new to the financial markets. Client funds are also held in segregated accounts, and the UK entity has an impressive compensation scheme with Lloyds of London that protects up to $1 million of a client’s funds.