Silver is paired with only the U.S. dollar and the euro. Finally, we conclude the topic of fees by checking whether clients are charged any incidental fees by FXTM, regardless of whether a trade is made.
We have tested all platforms, customer care teams and the trades so you don’t have to. We would like to have seen more features that break from the industry standard. The loyalty reward scheme is a big plus point but in other areas of the service this creative vision appears to be lacking. If you are looking for a reliable, well-known broker with a solid track record, then you could do much worse than choosing ForexTime . ForexTime also provides a financial calendar facility, which has integrated news headline streaming. This is a great facility that seamlessly builds relevant industry information into your browsing experience. Trading signals covering a range of instruments and scenarios are provided twice daily by ForexTime ; this again being powered by their team of in-house analysts.
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. FXTM shares its performance statistics on its website to deliver transparency and show potential clients what they can expect from the broker. MT5’s mobile application includes real-time quotes, trading history, 24 analytical objects, 30 technical indicators, a full-featured trading system with Market Depth. It also includes hedging and netting functionality, built-in chat, push notifications, up-to-date financial news. As mentioned, ForexTime supports mobile trading for convenience. This includes the MetaTrader 4 and MetaTrader 5 applications for both iOS and Android devices.
Developers can take advantage of cTraders mature infrastructure to construct desktop, mobile and online software. The open API allows developers to interact and interface with any cTrader account. CTrader Automate provides traders the ability to create algorithmic trading forex analytics robots to automate financial trading plans. Dealers can use cTrader’s contemporary C# API to write code within the IDE, the IDE allows developers optimize and test their financial robots. FXTM MetaTrader 5 has many advanced trading tools for the more advanced users.
FXTM is one of the easier sites to navigate, with an incredibly user-friendly and aesthetically pleasing interface that is responsive and easy to use. The intuitive layout makes FXTM a great option for newer users, especially compared to some of the other websites in the peer group that are often guilty of overwhelming users with too much information at once. One trade-off associated with this scaled-back approach is that only the MetaTrader platforms are available, unlike some other competitors that offer proprietary platforms to supplement the MetaTrader service. Popular markets such as crypto are tradable and ForexTime provides markets in Bitcoin, Ethereum, and Litecoin.
According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. There are several types of accounts available in ForexTime that are suitable for both professionals and beginners in the foreign exchange market. Minimum deposit, leverage, trading assets, margin call and stop forex out levels, and the type of order execution differ for the various accounts. The site’s interface allows traders to quickly assess all the broker’s capabilities and its trading conditions are suitable for active trading and investment offers. I was afraid that this was just another bucket shop, but ForexTime surprised me.
Extra convenience is ensured by the chats being offered through a range of mainstream messaging systems. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. After trying severally to get my money back, through a different department from my brokers company I was feeling distraught.
Unfortunately, they only accept SettleGo transfer in EUR currency. Listings that appear on this page and/or on this website are of products / companies / services fxtm forex broker review from which this website may receive compensation. This may impact how, where and which products / companies / services we review and write about.
Most recently, in 2018, the company was named the ‘Best FX Broker in Asia’ by World Finance as well as a broker with ‘The Best Conditions’. It was also named ‘The Most Innovative Broker’ of 2018 and ‘The Best Broker in Russia’.
Withdrawal Options And Fees
We kindly ask you to send us your MyFXTM number and all the information regarding this situation to We will investigate this case and provide you with a detailed response in the shortest time possible. We can assure you that we always act with our clients’ best interests at heart and are continually striving to provide the best possible support. We all suffer from several problems in our accounts, but when you address these problems we are happy and satisfied with our broker and soon we fall into other problems, and so it is normal. I have used this broker for over 6 months with my MT4ECN account.
Besides live chat, you can also chat with FXTM through WhatsApp, Viber, Telegram and Facebook Messenger. In MyFXTM, you can also use some more technical research tools.
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If you use credit/debit cards or electronic wallets, you can only withdraw up to the amount you have deposited via the same method. Therefore, you have to withdraw any profit by using a bank transfer. Both FP Markets and Markets.com offer more base currencies.
- The FXTM Webtrader does offer one-click trading, real-time quotes, and advanced analytics tools.
- The content in this FXTM review does not apply to US users.
- FXTM has been receiving numerous awards from reputed organisations for their dedication towards customer satisfaction and continues to outperform its rivals in all aspects.
- Unlike other brokers that offer their own proprietary trading platforms, FXTM offers only MetaTrader 4 and MetaTrader 5 platforms and their web-based and mobile-based versions.
- FXTM withdrawal fees may apply to some of the payment methods, while others may be provided with 0% commission.
- The available stock markets are NYSE, NASDAQ and the Hong Kong Stock Exchange.
This will not be a problem for most traders as the old yet beloved MetaTrader 4 platform is still widely used. However, traders who dislike MetaTrader for any reason or who want features offered by other platforms may be disappointed. We calculated the commission for an account balance between $0-$2,999 and trading volume of less than $100 million. You can use a lot of educational tools, including a demo account and live webinars.
I requested a withdrawal but they didn’t process my request until I threatened them that I would raise my concern to their regulator. They had no plan of giving me my money, but only made an action when Foreign exchange reserves they were threatened, wow. The company prohibits transfers to third-party electronic wallets and third-party cards. Therefore, the company requests additional documents to verify the payment system.
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Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. All reviews represent only their author’s opinion, which is not necessarily based on the real facts. FXTM have made it quick and easy to complete their registration process.