FXTM Review

FXTM has managed to prove that it is a reliable broker that offers quality services. With around 60+ currency pairs, commodities, indices, CFDs and other financial assets available, this broker offers options mostly suited to experienced traders.

FXTM, founded in 2011, is an award-winning and regulated online trading platform covering more than 250 instruments in various currencies, spot metals, stocks, commodities and CFDs. In addition, this broker provides its traders with advanced trading technology and a suite of trading resources to enhance their knowledge. Being primarily client oriented, FXTM has endeavored to focus its products and services on meeting the needs of each market it serves, regardless of whether the client is an individual or institutional investor. To satisfy its worldwide clientele, FXTM offers more than 30 different payment types. A team of professional and multilingual support staff is available 24 hours a day, 7 days a week to help if you need help. With FXTM's wide coverage of financial markets, you can trade more than 250 different types of financial instruments. All this led to the fact that today FXTM has over half a million active trading accounts. Impressive!

Reputation

Approved by the Cyprus Securities and Exchange Commission in 2012, FXTM is a proud sponsor of the Sahara Force India Formula 1 team and is regularly in the media, with commentaries in the Guardian, Reuters and the Financial Times. During 2013, the company received several awards from leading Forex analysts and the World Exchange for Foreign Exchange Financial Funds awarded them the award for the best Forex newcomer as well as the fastest growing Forex broker and the most innovative product award. Among other awards that adorn them in 2016, FXTM managed to win different awards from several international auditors of finance. Awards included “2016 Best FX Broker”, “2016. The best sales partner for analysis" and "2016. The best customer service provider”

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Platforms

FXTM uses only reliable and proven trading platforms to provide its traders with professional access to the financial markets. This, of course, applies to MetaTrader4 and MetaTrader5. Both are available for Mac, PC, tablet or phablet devices and are optimized for full download on Android, iOS (iPad and iPhone) smartphones and tablets. Although MT4 by far the most popular platform and everything about it is more or less known, it is worth mentioning its main features such as accessibility, many trading tools, availability in multiple languages, expert advice and, most importantly, security. MT5 is decorated with everything that MT4 is, with an improved navigation interface and numerous technical indicators.

Types of Accounts

FXTM prides itself on the variety of choices it can offer its clients. This primarily refers to the offer of its trading accounts, which can be divided into two main categories: Standard and ECN Accounts. Standard accounts are divided into Standard, Cent and Shares Account while ECN are divided into ECN Zero, ECN Account and FXTM Pro. Each of them corresponds to the way of trading that the individual wants to choose and is maximally adapted to it.

Deposits and Withdrawals

To support its more than half a million users worldwide, FXTM provides support for more than 30 different types of payments, the most famous of which are Visa, Maestro and Mastercard credit cards; eWallets like Skrill, Neteller, PerfectMoney, WebMoney and many others and Inecobank, ExpoBank and ErsteGroup from bank transfer. They also provide many other local options depending on where you are. The same methods are used to withdraw money. In most cases, there are no deposit fees and money transfers are processed instantly. Certain deposit options require 24 hours to process and bank connections can take between 3 and 5 business days.

User support

Traders can contact ForexTime through multiple channels, including social media pages on Instagram, LinkedIn, G+, Twitter and Facebook. The chat option is available by clicking the "Chat with Us" button in the lower right corner of the screen, which provides you with options for communicating via LiveWeb, Wasupp, Viber, Messenger, Telegram and CallBack options. To improve local customer support, local support is available in many countries. Beginners and veterans alike will appreciate FXTM's dedication to trader education. Webinars are added weekly to complement the wealth of learning materials already available on the web. Your ability to assess market conditions will be enhanced by daily commentary from their Market Research Team, News, Signals and Alerts, and dedicated Account Managers can provide additional insights via email or 24/7 hotline access in over 25 languages.

Conclusion

FXTM is one of the fastest growing brokers in the industry and has proven to be a reliable broker that offers quality services. With around 60+ currency pairs, commodities, indices, contracts for difference on stocks and other financial assets available and a wealth of educational trading materials, providing daily analysis and forecasts for its long-term clients as well as those coming into the financial market, the range the services offered by this broker suit both beginners and experienced traders. This management team understands what it takes to satisfy a demanding global clientele. However, at the local level, there are definitely better ones than them because support and availability in your own language really makes a difference, and that's what all the best brokers from our top list have!

Positive

Reputation
Types of Accounts
FXTM Loyalty Program

Negative

MetaTrader Platforms only
no cryptocurrencies
not for beginners