Review of FXTM broker, rating and real customer reviews

03.10.2022

Year of foundation

2011

Site

https://www.forextime.com/

Software

MetaTrader 4, MetaTrader 5, mobile platform, FXTM Trade web terminal

Payment systems

Visa, Mastercard, Maestro, Skrill, Neteller, Dotpay, bank transfer

Rating

7.2

  1. General Information
  2. Investment Programs
  3. Affiliate Program
  4. Trading terms
  5. Commissions
  6. Account Types
  7. Bonus Program
  8. Training materials
  9. Security guarantee
  10. Adding and withdrawing funds
  11. Technical support
  12. Personal account overview
  13. Contacts
  14. Reviews of FXTM by the company's clients

FXTM is an international online broker operating in the financial markets since 2011. The company's activity is controlled by such major regulators as CySEC, FSCA, FCA. We have compiled a review about FXTM and studied in detail the trading and financial conditions of the broker. You can read about the features of this company and compare its advantages and disadvantages in order to choose a reliable intermediary for trading on financial markets.

💸 Assets

Stocks, indices, forex, CFD, commodities

⚖️ Leverage

up to 1:2000

➕ Affiliate Program

Yes

💰 Minimum deposit

$10

💳 Account currency

USD, EUR, GBP, NGN

💹 Spreads

From 0 points

📊 Brokerage accounts

Micro, Advantage, Advantage Plus

🎁 Bonuses

Yes

📱 Mobile Platform

Yes 

General Information

FXTM works with investors who prefer both active and passive trading. The company provides tools for independent analysis of financial markets. For adherents of automatic trading the broker offers investment programs with the possibility of passive income.

The company has more than 10 years of experience in financial markets. The client base of the online broker has more than 2 million traders worldwide. Among the clients of the company there are investors with different trading turnovers and level of trading knowledge. For beginners FXTM gives the opportunity to pass training on work in the financial markets.

FXTM Home Page

Broker advantages

  • Processing of orders within 0.1 second.
  • Segregated accounts for storing traders' funds.
  • Small initial deposit.
  • license.

Disadvantages of the broker

  • The technical support service does not work on weekends.
  • When you connect a Micro account, traders are not allowed to trade indices, stocks and CFDs.
  • Withdrawal of funds may take several days.

Investment Programs

For automated trading in financial markets, FXTM offers a service for copy trading. To get the opportunity to copy trades of other investors, register with the broker and go to the platform for social trading. The company regularly updates the rating of active traders, so you can choose users with a large number of profitable trades.

Investors who want to become trading signal providers can also make money on the copy trading platform. If your trades are copied by other users of the platform, you will earn extra income as a percentage of their profits. Rating of investors is based on their trading strategy, risk degree, profitability of transactions and other parameters.

Affiliate Program

FXTM broker gives traders the opportunity to earn extra money for bringing in new clients. Remuneration is paid for each referred referral. Every registered trader with opened trading account at FXTM can become a partner of the online broker. The details of cooperation on the referral program can be obtained from the manager after registration on the company's website.

Trading terms

FXTM trading conditions are suitable for investors with different capital levels. The minimum deposit amount is $10. Traders can trade microlots on all types of trading accounts. Investors can also trade with leverage up to 1:2000. The amount of financial leverage depends on the chosen asset, the trading rate and the level of the trader's skills in trading on financial markets.

From the trading terminals at the online broker is available proprietary development of the company FXTM Trade, and also popular trading platforms MT4 and MT5. For investing from a smartphone, you can download a mobile application. It is suitable for installation on devices with operating system Android or iOS. The mobile application contains all necessary functions for trading. Investors can watch asset quotes, enter into transactions, and use protective orders.

Commissions

There are no hidden commissions at FXTM broker. The company does not charge traders any interest for depositing their accounts. Additional fees may be set by banks or payment systems. The online broker has trading commissions in the form of spreads, which start at zero pips. The official FXTM website provides detailed information on the trading fees. For example, the Advantage MT5 accounts have a fixed fee of $4 per lot.

Account Types

FXTM offers several account types. They differ in terms of trading conditions, the list of available assets and trading fees. You can choose one of the account types:

  1. Micro. Micro account for traders who trade through MT4 terminal. The minimum deposit on this tariff starts at $10.
  2. Advantage. With this account, investors can trade on the MetaTrader 4 and MetaTrader 5 platforms. Advantage plan implies a minimum deposit of $500.
  3. Advantage Plus. To open this account, you must deposit $500 or more to your account. This tariff is suitable for traders trading via MetaTrader 4 and MetaTrader 5 terminals with high trading volumes.

A demo account is available for novice investors. A demo account can also be used to practice new strategies and test the broker's trading conditions. A demo account is available to investors when opening any type of trading account.

Bonus Program

FXTM has a cashback program that allows traders to withdraw up to $5 per trade. This program has several levels of loyalty. At each of them the remuneration increases. The money earned can be used in the process of trading in the financial markets. Other bonuses are not mentioned on the broker's website. About additional rewards for depositing and active trading can be clarified with the manager of the company.

Training materials

FXTM Broker has developed a training system for trading from scratch. The online broker informs that it will provide electronic books, useful articles and a glossary of basic Forex market terms on request. The company's website has a section with answers to popular questions from investors. If you have not found the answer to your question or would like to clarify the details of training, please contact the technical support.

In addition to training materials the online broker offers analytical tools. Profit and pips calculators are available for calculating key figures in trading. You can also use the currency converter. To analyze the data on the charts in the trading terminals, indicators are available for tracking orders, displaying quotes, calculating the spread, etc.

Security guarantee

The company guarantees financial and personal security to its clients. FXTM keeps investor funds in segregated accounts. The broker does not use client money in its operations. Personal information about traders is stored in closed databases and is not disclosed to third parties. Additional guarantee of safety is FCA license.

Adding and withdrawing funds

Investors can use Visa, Mastercard, Maestro bank cards to deposit and withdraw funds. FXTM also offers the use of payment systems for online transactions. Investors can use Skrill, Neteller, Dotpay. Traders may also use wire transfers.

The speed of financial transactions at the online broker depends on the payment method chosen. The processing of transactions may take from several hours to several days. To withdraw funds you must submit an application for withdrawal. Applications are processed on workdays. To withdraw funds you have to verify the bank card, to which the money will be transferred. Funds may be withdrawn only to the card which was used to fund the account.

Technical support

Technical support service FXTM works 24 hours a day, 5 days a week. The company works with traders from all over the world, so the support team provides multi-lingual consultations. To contact a manager you can by phone, by email, on the company's website through the feedback form. After studying the reviews of FXTM, we found that traders lack the ability to contact the support team on weekends.

Personal account overview

To gain access to the trader's personal account, you need to register on the company's website. To do so, fill out a contact form and leave personal information to create an account with the online broker. When registering with FXTM, you only need to provide your real name and a valid cell phone number. All traders must be verified and confirm their identity before investing.

Login to FXTM Personal Cabinet

In myAlpari, investors get full information on financial transactions. You can view the account balance, leave a request to open a demo account, apply for withdrawal. Training materials and analytical tools are also available in the personal account. In your personal cabinet, you can choose a suitable trading terminal and launch the platform online.

Contacts

Phone

+357 25 55 8 777

E-mail

[email protected]

Social media

https://www.facebook.com/ForexTimeEU, https://twitter.com/fxtmglobal, https://www.linkedin.com/showcase/fxtmglobal/, https://www.instagram.com/fxtmglobal/, https://www.youtube.com/channel/UC_LHYywERHCnt_L5pvOen5A

Reviews of FXTM by the company's clients

Traders note that FXTM can be considered a fairly reliable broker, which provides a stable withdrawal of funds. Among the advantages of the company investors refer to the availability of a demo account, the possibility of automatic trading, a small initial deposit. Among the disadvantages of FXTM is the lack of opportunity to trade all categories of assets in a base account.

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