Yes, your funds are securely kept in segregated accounts in top-tier banks, and FXTM is regulated in various jurisdictions, ensuring the safety and security of your money. FXTM is committed to transparency, and there are no hidden fees. All costs, including spreads and commissions, are clearly outlined when opening an account.
Its being 2years my ib payment is stuck…
We will be glad to check everything and provide you with a detailed response. Due to AML/CTF laws, FXTM cannot deposit funds to third-party accounts. As a result, all money withdrawn from your account must go to a bank account in the same name as your FXTM trading account. FXTM does not charge any internal fees for deposits or withdrawals. However, payments to and from overseas banking institutions may attract intermediary transfer fees from either party independent of FXTM.
- FXTM offers competitive fees and spreads with low commissions, making it a cost-effective choice for traders.
- He has also published a book in 2023 on on investing and trading.
- Honestly, the spreads aren’t as tight as I would like and the charges can be high when withdrawing.
- They advertise almost no spread for Advantage account with fees but give you 2pip spread and blame it on external quote.
FXTM Google Reviews & Reputation
- Unfortunately, this means that if you’re looking to use cTrader, then you are unable to with this broker.
- Mr Matthew gave a wonderful breakdown on what it means to trade the financial markets..Mr Lookman also gave a hint on what fundamental analysis means and it was a really good experience.
- Quality assurance on guidance to Newly enrolling Forex traders.
- Apart from offering real stocks, the broker offers over 100 stock CFDs, and you can even trade fractional shares — for example, 0.3 of one Apple share — as CFDs.
- FXTM offers a swap-free Islamic account that adheres to the principles of Sharia law.
MetaTrader 4 (MT4) is the tried and tested trading platform that has catapulted forex trading into the mainstream. Whether you have a PC, Mac, mobile, tablet, then FXTM has an MT4 option for you. The sheer popularity of the MT4 platform has meant that FXTM will never close MT4 accounts and force clients to change to MT5. If you want to stick to MT4 and the massive back-library of custom indicators and EAs that have been developed for it, then you won’t have to worry about being forced to change by FXTM.
There is nothing to lose when you trade with the mobile versions of the MT4 and MT4 since the mobile apps offer the same features and functionalities as the desktop platforms. This means that they have a massive customer support team that is ready to answer your questions, in whatever language you ask them in. Their client focus ensures that they are there to make your trading experience as seamless as possible. FXTM is a global forex broker offering access to a wide range of markets through the MT4/MT5 platform.
Absolute scam
It provides the same functionality as the desktop version, allowing traders to execute trades, analyze charts, and check account balances on the go. FXTM offers 1000+ tradable instruments spanning CFDs and real stocks. Among CFDs, traders can access diverse markets, including forex, indices, commodities, shares, and crypto. I rate the range of instruments as better than average for the industry. With features like real stocks and a dedicated account manager, clients with a ‘hands-off’ or long-term approach to the markets can find a suitable home at FXTM.
The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform. 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 can also try demo versions of the accounts before committing to real funds. FXTM is a fully regulated broker, which means it operates in compliance with various global regulatory authorities. This gives traders peace of mind that their funds are protected and that the broker adheres to strict industry standards. The company’s licenses ensure that it follows legal and ethical practices, which helps prevent fraud or unfair practices fxtm broker reviews in its operations.
Keeps eating your funds in the name of Inactivity Fee
I like that the articles highlight instruments that may see major volatility and, thereby, interesting trading opportunities. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. FXTM does not accept third-party payments, so all funds deposited into your trading account must be under the same name as your FXTM trading account. Payment from joint bank accounts or credit cards is accepted if the trading account holder is one of the beneficiaries. FXTM provides traders with various advanced trading platforms, including the MT4, MT5, and a proprietary trading platform.
They offer competitive spreads that help maximize my profits. FXTM consistently delivers reliable performance across all devices. I can trade confidently, knowing that the platform will meet my needs. FXTM’s commitment to regulatory compliance gives me peace of mind while trading.
We can see from the above comparison that the Advantage account is the cheapest of the three accounts, thanks to its tight spreads and competitive commission fees. FXTM encourages traders to download both the MT4 and MT5 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. The sheer number of CFDs to trade on some of the highest leverage available makes FXTM a clear choice. Our broker reviews are reader supported and we may receive payment when you click on a partner site.
MetaTrader lacks robust research content within the platform itself, which is crucial for staying on top of market news. However, news traders can take advantage of FXTM’s economic calendar, fast execution speeds (sub-50 ms), and robust in-house research materials. FXTM is regulated in multiple jurisdictions, and all client funds are segregated from the firm’s assets and held in top-tier banks. The broker also offers Lloyds of London account insurance for up to $1M, in excess of $20,000. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist.
The broker’s flexibility in account types makes it easier for beginners to start small and scale up as they grow more confident in their trading abilities. FXTM’s account types cater to both new and experienced traders, with a low minimum deposit of $200 and a wide range of options to match various trading styles. The demo account option is a great feature for those looking to practice before trading real money.
To understand the real reviews, traders should focus on the content of the reviews. Typically, fake, paid, or competitor reviews are generic. While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service. Mr Matthew gave a wonderful breakdown on what it means to trade the financial markets..Mr Lookman also gave a hint on what fundamental analysis means and it was a really good experience.
