This information is beneficial to take trading decisions and assessing potential risk. You get to see the real-time live charts and quotes along with different active indicators and analysis tools. Further, it also provides the feature to trade execution from charts, and you can trade multiple assets simultaneously.
The available stock markets are NYSE, NASDAQ and the Hong Kong Stock Exchange. For each account, you have the possibility to convert it into a swap-free account. This is suitable for clients who can’t receive interest due to their religion.
FXTM offers three account types, Micro, Advantage, and Advantage Plus, to its traders and investors. Besides the wealth of informative educational materials on the FXTM site, this platform has a solid customer support service. You can get assistance from agents 24 hours a day over the phone, via live chat, or through third-party platforms like WhatsApp and Telegram. ForexTime, also known as FXTM, is a financial service and automated currency broker. FXTM customers can use their accounts to trade currencies, CFDs, shares, and commodities. In total, there are more than 250 different financial instruments to access through FXTM.
- Clients can also find tutorials on a range of subjects, and a periodic table with investment terms.
- Starting to trade with FXTM, you will first need to open an account and deposit funds.
- As for the payment methods, you can choose between
WebMoney, Skrill, Wire transfer, Credit/debit cards, YooMoney, Neteller, UnionPay, QIWI, Perfect Money, DIXIPAY, FasaPay, Crypto and Google Pay.
- The ECN account offers the most viable solution for professional traders who want to earn money rather than lose their money in the financial market without trading the market themselves.
The FXTM trading toolbox and all the useful tools it contains is available free of charge. They range from risk management tools to technical analysis tools and have been developed to help clients make profitable trades. The multi-level Loyalty Program offers attractive option that may have great benefit for traders. In these types of promotions from this company, traders can develop the profit scheme by different means. Whilst the majority of you would probably get by with the platform tools, it is always nice to have some more at your disposal and helps the broker standout form the competition. If tools are important to you, Markets.com have a great selection.
Account Types 🗃
This is a great way to get a good understanding of how the ForexTime FXTM trading system works. After that, you can finish the account-opening process in your browser or on a mobile device by installing the FXTM Trader app. In total, there are five steps to complete before you can begin trading. You’ll need to add personal and tax information to your profile, upload photos of some ID and, finally, make a deposit. – Leverage is offered based on your country of residence, knowledge and experience.– Bonuses and promotions are offered based on your country of residence while terms and conditions apply.
The degree of transparency is another positive I want to point out. Big Four accountancy PricewaterhouseCoopers Limited (PwC) audits published statistics per International Standard on Assurance Engagements (ISAE) 3000. Alpari migrated me to fxtm over 10 years ago and I have been trading with you to this day. I am still not a rich man having traded with several thousand of USD.
I have used MT4 for many years and never felt the need to switch. I love to experiment with the huge amount of free and paid add-ons available for it. FXTM offer the industry leading forex trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for trading on your desktop (Windows / Mac), web or mobile devices (iPhone / iPad / Android / Tablet). I like the desktop platform as it has the most functionality, including automated trading. The web version is great as it runs directly in your web browser and is always up to date.
This ensures that a secure connection is used for all communications with clients. It also protects customers during any transactions they conduct limefx official site with the company and ensures all customer information remains private. ForexTime also offers regular workshops and seminars for its clients.
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While it may seem that MT4 is lacking behind MT5 they are different platforms and offer unique differences and preferences. Similar to the demo account, the best way to understand each is to take a test drive and find the one that fits you best. The first difference is in order execution as MT5 has 4 different types but MT4 only allows for 3. MT5 allows for partial fills and the fill policy for MT5 is fill, kill immediate or cancel return, compared to MT4 that is fill or kill.
You can place unlimited numbers of orders with an advantage plus account. In addition to that, you can keep as much as 300 pending orders. The best thing about FXTM MT4 is that you will get real-time quotes, a wide range of indicators and analytical tools, streaming news, and an economic calendar.
About FXTM
Of course, not all trading features guarantee a perfect trading environment, but a majority of the broker’s features are certainly more conducive to trading for most trader requirements. It is not a surprise that FXTM has received the accolade of being the fastest growing broker in recent years, and we will evaluate the service further in this https://limefx.group/. FXTM is a brokerage company offering trading services for clients
since
2011 with
offices in
Mauritius, Cyprus, United Kingdom, South Africa, Kenya and Nigeria. Education about the basic concepts of the forex industry is also accessible in this broker. Traders can read all the concepts provided in the form of e-books, video tutorials, articles, webinars, and forex seminars. There are 17 languages provided on the FXTM website to make it easier for traders to learn about forex.
Tight spreads depending on account type and market conditions. With the FXTM Pro Account, spreads start at the tightest possible 0.1 pips. Flexible Leverage, based on country of residence, knowledge and experience. There is a free demo account you can take advantage of before committing your money to the broker so you can get a feel for how it works. The minimum deposit is just $100 when you want to start trading for real money. Overall, FXTM is a solid platform that offers their clients great value for their dollar.
Minimum deposit
The market analysis provides traders with in-depth insights into the latest market trends. This information can help traders identify opportunities and risks in the market. Apart from FCA, FXTM forex broker also has the license from CySEC, which is one of the top regulations in Europe as they are a member of the European Securities and Markets Authority (ESMA). CySEC mainly regulates forex brokers, insurance companies, stock exchange, banks, and other financial institutions operating in Cyprus. The agency also regulates the activities of investment firms, brokerages, and fund management companies. The ForexTime FXTM platform remains one of the best forex trading apps available today.
To read much more details about the broker’s services and features, expand on the sections below. There are webinars, seminars, platform tutorials, trading tools, research tools, a superb glossary, Forex news, Economic Calendar, Market outlooks, and Analyst analysis all remaining at your disposal. In terms of funding methods, FXTM offers numerous payment methods which are a very good plus, yet check according to its regulation whether the method is available or not. FXTM caters to most international traders, including the UK, India, Malaysia, and the Philippines.
Is the quality of customer service satisfactory?
While their UK and Cyprus branches seem to operate honestly, their offshore subsidiary offers the kinds of rebates and bonuses that are typical of unregulated brokers. Furthermore, ForexTime Limited is authorized to provide products within South Africa by the FSCA. Despite offering products and having a second license, this is still the same organization. There is not a separate company handling South African clients. You can read high-quality articles on forex trading, view video tutorials, sign up for webinars, and check out the glossary.
As a regulated broker, account verification at Forextime is a mandatory final step. Most traders will satisfy this by sending a copy of their ID and one proof of residency document. I like that FXTM does not incorporate unnecessary steps or questionnaires. While the excellent trading costs and transparency stand out at FXTM, I also like the proprietary copy trading platform, FXTM Invest. It allows investors to follow strategy managers, and FXTM provides relevant information on each.
From there, look at the options in the education section and review the variety of products offered. This appears to be a solid platform but only you can make the final decision if Forex Time is right for you. As you can imagine, winning these awards simply doesn’t happen for existing.