Founded in 2011, FXTM has become a global leader in online trading, with 2+ Million registered users worldwide. FXTM clients can trade over 250 Forex pairs, CFDs, Stocks and commodities using its range of powerful platforms and trading tools.
FXTM (full name ForexTime Limited), is regulated by the following financial regulating bodies:
CySEC and the FCA
are top-tier regulators. In order to be licensed by these financial
authorities a broker must demonstrate the highest levels of financial
accountability, trust and transparency.
Like all brokers, FXTM makes its money through the “Spread”, which is the difference between the bid price and the ask price for a currency pair and is measured in pips.
The table below shows the minimum spreads for each of the major forex pairs as listed on the FXTM website and compares them against the industry average.
Note: Spreads are variable and can change depending on the time of day and market conditions. For information purposes only
FXTM’s spreads are not the most competitive
and in fact they are wider than the industry average for all of the
currency pairs in our comparison. For example, if you were looking to
trade the EUR/USD you would be paying a spread of 1.5 points, which
is notably higher than the industry average of 0.9 points. So, if low
spreads are a very important deciding factor in choosing your broker,
then you may want to look at alternatives to FXTM. Note, lower
spreads are available if you choose to open one of FXTM’s
“Advantage” accounts, a popular choice amongst more experienced
FXTM offers trading via Metatrader 4 (MT4), the platform which is the “go-to” choice for millions of traders worldwide. MT4 can be downloaded to any PC, Mac or mobile device, or can be accessed via MT4 webtrader.
With its simple layout, intuitive interface and features such as 30 technical indicators, trading signals, expert advisors and copy-trading, this is an ideal platform for traders of any experience level.
As well as offering the MT4 app which is available for download in both iOS and Android, FXTM also offer their own proprietary mobile app, the “FXTM Trader” which allows you to “Trade the markets in the palm of your hand”.
Benefits of the FXTM trader app include:
The FXTM trader app is available in both the App Store and Google Play.
This is where FXTM really excel. The education resources on offer here are amongst the best in the industry and come in a variety of different mediums including downloadable ebooks, bite-size web articles, long-form white papers, videos, webinars and seminars. So, whatever your favoured way of learning, FXTM will have something for you. Trading topics covered include:
The quality of information available is superb and can be of real benefit to both beginner and intermediate traders.
New traders can also open a Demo Account and put into practice what they have learnt from the education courses. This approach is highly recommended and is the best way to give yourself a solid understanding of the trading techniques taught, whilst getting a feel for the FXTM platforms.
FXTM have a section on their website dedicated to Market Analysis. Resources here include an Economic Calendar, Forex News Timeline, Daily and Weekly Market Analysis Videos and the latest episodes from their podcast “Markets Extra”.
Customer Service is another of FXTM’s strengths, with representatives 24/7 support available in the following languages: English, Arabic, Czech, Chinese, Dutch, Farsi, French, German, Greek, Hindi, Italian, Korean, Malaysian, Polish, Russian, Serbian, Slovak, Spanish, Urdu.
You can speak to support via:
If you are looking for super-tight spreads and thousands of markets to trade, then you may want to search our other forex brokers, however, if what you seek is an established trustworthy broker, offering both retail and professional trading accounts, with exceptional education resources and first-class customer support, then look no further than FXTM.
77% of retail investor accounts lose money when trading CFDs with this provider.