This FXTM review will describe the services of the company, its accounts, regulations and more. FXTM is a great broker, as it has taken lots of technology, experiences and people with experience and combined them perfectly. Trading conditions at FXTM are great, you get high leverage and low spreads. After reading this FXTM review you would love to open an account with this forex broker.
Leverage: 1:1000 Licences: CySEC, FCA
Min. Deposit: 1 USD Bonus: N/A
Spreads: from 0 pips US Clients: No
FXTM is questionable now! Sign up with XM!
FXTM Forex Broker at a Glance
ForexTime, or FXTM for short is a new entrant on the Forex broker market. Even if it’s just two years since it appearance, it has established a reputation very quickly, by offering quality services from the start, something that is difficult to do. Maybe this is because of the fact that the founder of Alpari is also the co-founder of this broker and it has put his skills and knowledge to work. This is also a broker that it’s focused on growth and it has a fair chance of accomplishing it with the services it offers.
FXTM Forex Trading Broker Accounts Overview
There are two types of accounts: Standard accounts and ECN accounts. Standard accounts are divided in: Cent account, Fixed Spread account and FXTM Standard account. ECN accounts are divided in: ECN account, ECN MT5 account, ECN Zero account and ECN Amanah account. These accounts don’t have a requirement regarding minimum deposit amount, thus catering to new traders. The minimum deposits are only a condition in order to receive rebates.
The type of trading account that the investor uses determines the spreads. For FXTM Standard accounts, the spread is from 0.1 pips. As for Fixed Spread and Cent accounts, the spreads are fixed and they start from 2.1 pips.
FXTM Reviews of Trading Platforms
For traders who are on the move, there are mobile versions of MetaTrader 4 and MetaTrader 5 available. Even though there are no in-house platforms the choices presented here are enough for most traders. Not many brokers are confident enough to make a platform that rivals MetaTrader and most of them don’t need to. There are also ECN versions of these platforms that have lower spreads, thus making large traders feel that are not neglected.
FXTM Reviews of Extra Features
The learning section doesn’t have a lot to offer; there is a webinar every week and some articles that don’t go into depth and don’t present the knowledge a trader must have at the beginning.
FXTM Forex Broker Customer Support
This is one of the broker’s strong points; both the support staff and the account managers are multi-lingual. This type of services really makes the trader feel special. Customer support can be reached by e-mail, live chat, Skype or the telephone.
FXTM Forex Trading Broker Deposits and Withdrawals
Deposits can be made via credit cards, Neteller, Skrill, OKPay, Payza, Western Union, bank wire and Fasapay. Same systems apply for withdrawals.
FXTM Review Conclusion
The dedication they put into their work makes it easy to explain why this broker needed to be recognized by its rivals even from the start. This type of client service paved the way for its growth and made its strategy sustainable. There are always people bringing something new to the table, with contests added often. In addition to solid services the marketing also works very well for them, letting them win over traders quickly. All in all FXTM is a great choice at it combines both reliability and support.