FXTM Reviews Read Customer Service Reviews of forextime com
FXTM’s fee structure is considered competitive, especially when compared with industry standards for commission-based accounts, giving traders cost-effective options across various account types. Therefore, FXTM is attractive for active and high-frequency traders focused on reducing transaction costs. FXTM offers competitive brokerage fees that vary by account type, trading instrument, and market conditions. Advantage Plus and Advantage Stocks accounts are commission-free, with trading costs based solely on the spreads. In the Advantage Account and ECN Account, fees are based on commissions, providing tighter spreads but with additional per-trade charges.
FXTM stands as a reliable and versatile broker, catering to traders of all experience levels. With a wide selection of account types, competitive spreads, flexible leverage options and access to numerous trading instruments, FXTM provides the tools necessary for successful trading in 2025. The broker’s robust educational resources and innovative services, such as Copy Trading and FXTM Invest, are valuable for traders looking to diversify their strategies and improve their skills. While its fees and account availability may not suit every trader, FXTM remains a strong choice for those seeking a well-regulated and user-friendly platform. The comprehensive customer support, coupled with advanced trading platforms such as MetaTrader 4 and MetaTrader 5, further enhances the overall trading experience.
FXTM Review – Best Online Trading Broker
FXTM receives mixed feedback, praised for fast execution, tight spreads, and responsive service, but criticized at times for technical issues and slower dispute resolutions. Most users appreciate the mobile trading experience and varied market access, though occasional withdrawal delays and platform quirks do surface. FXTM gives traders access to more than 1,000 instruments across key global markets. Whether trading Forex, stocks, commodities, or cryptocurrencies, it delivers the speed, competitive pricing, and advanced tools needed to take advantage of market opportunities efficiently. These instruments cater to both short-term traders and long-term investors.
Trading in forex, stocks, cryptocurrencies, CFDs, indices, and commodities carries a risk of financial loss and may not be suitable for all investors. CFDs are complex financial instruments and carry a high risk of losing money quickly due to leverage. You should carefully consider your investment objectives, experience level, and risk tolerance before deciding to trade any financial instruments..
Security of Funds
BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience. Withdrawals can be made using the same methods as deposits, including credit/debit cards, e-wallets, and bank wire transfers. E-wallet withdrawals are usually processed quickly, often within a few hours, while bank transfers may take 1-3 business days. FXTM strives to process withdrawals as quickly as possible to ensure a smooth trading experience.
- Withdrawal fees apply to most payment methods, with costs varying depending on the provider and region, potentially affecting traders who make frequent withdrawals.
- Discover how its AI investments, market cap, and chip leadership are shaping investor sentiment.
- While most webinars are in English, you can also attend webinars in Vietnamese or other languages.
When do FXTM’s dynamic margin requirements apply?
We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. If you are a forex and CFD trader looking for a trusted broker, FXTM can be an ideal choice for your trading journey. However, We always encourage traders to test brokers with a demo account or with a small deposit. Once you are satisfied with the trading conditions of the broker, you may proceed with real trading.
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- You can jump in or out of the market quickly to take advantage of even the smallest price changes.
- BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you.
- FXTM has achieved an average rating of 2.15 out of 5 on Forex Peace Army (FPA).
- I find it well-structured and an excellent starting point for new traders.
- With MT4, you can choose between three order execution types and four pending order types.
For example, you may be charged a €/£/$3 or ₦ $2,500 fee for any deposit under €/£/$30, and withdrawals to a bank card may also incur a €/£/$3 fee. Most impressively, Exinity UK Ltd offers a compensation scheme that protects up to $1 million of a client’s funds if FXTM becomes insolvent. Please note that your profile must be fully verified to request a withdrawal. Your withdrawals must be to the same card, e-wallet, or bank account used for the deposit and must be made in proportion to the deposits. Their commission fee of $7 per round turn compares well to its industry competitors.
For example, for the micro account, the FXTM minimum deposit is $10, while it is $500 for the advantage and advantage plus account. I use it to help inform my forex day trades and you can filter by timeframe and calculation method (e.g. fibonacci). FXTM provides seven day customer support in English, Chinese, Spanish and Arabic, with limited weekend access through live chat, email contact form, WhatsApp, and Telegram.
Spreads
It also offers its own sleek all-in-one mobile app for trading on the go. FXTM’s videos cover a range of topics, with many of them focused on beginners. Here they can learn about the Forex trading basics, technical fxtm broker reviews analysis, trading commodities, or fundamental analysis, among other topics. There are also videos on using trading strategies and trading psychology. Our review of the FXTM Forex broker found that the broker offers live webinars almost daily.
Meet the New FXTM App!
For those looking to engage in various trading strategies, from scalping to swing trading, FXTM provides the necessary tools and conditions. Their video back library from past recorded webinars was once extensive, providing a wealth of knowledge for those new to trading or looking to deepen their understanding of markets and trading tools. Unfortunately, it appears that these resources were discontinued around 2022, leaving a gap in their educational content. FXTM should consider revitalising its approach to content creation to address this shortfall in newly published material.
As a regulated broker, account verification at Forextime is a mandatory final step. Most traders will satisfy this by sending a copy of their ID and one proof of residency document. I like that FXTM does not incorporate unnecessary steps or questionnaires. I highly recommend the commission-based option as trading costs remain among the best industry-wide, while the commission-based account charges relatively expensive fees. Forextime (FXTM) offers a commission-free trading account, Advantage Plus, and a commission-based alternative, Advantage.
Market Analyses
Traders can engage with various CFD assets across currency pairs, commodities, share CFDs, indices, cryptocurrencies, and ETFs. On the plus side, FXTM really boosts the MT5 experience by adding its Pro Trader Tools package. This plugin integrates market research directly into the platform, so traders can stay on top of market developments without leaving their workspace. It also comes with extra analytical tools and more charting options, making it easier to run deeper technical analysis and fine-tune your strategies. The broker offers a diverse selection of trading instruments for longer-term trading, including indices, futures contracts, and ETFs. However, I found that FXTM’s swap fees exceed the industry benchmark, making the broker less ideal for overnight trading.
My test revealed that FXTM’s spreads and swap fees exceed the industry average. On the other hand, the broker does not impose a handling fee on deposits and withdrawals and has a generally low inactivity fee. No, FXTM is not a scam as it is well-regulated and has been in business since 2011. This puts it on par with other top-rated forex brokers and shows that it is not a fly-by-night operator.
Traders can feel confident knowing their investments are supported by a reliable and secure broker. Whether you’re a novice trader or an experienced investor, FXTM provides the necessary safeguards for a secure and transparent trading experience. FXTM operates under a strict regulatory framework to ensure a secure and transparent trading environment for its clients.