Registration and verification are fully done on the broker’s website, and there is no need to contact the office or send any documents by mail. ForexTime offers seven types of trading accounts, including four ECN accounts. The minimum deposit requirements on FXTM are very good for the beginners, and the users who do not have a big budget at their disposal to start with.
There are many reasons to start using FXTM’s MT5 platform or make the switch from your current MT4 broker. Stocks, currency and other commodities and instruments will be brought or sold by FXTM even if no buyer or seller is lined up. After extensive research over several years, we have compiled a list of the most effective FXTM alternatives available today.
Platforms and Tools
Since 2011, FXTM has provided traders with a wide range of trading instruments and educational resources, as well as fund protection, free demo accounts and account managers. MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on FXTM offers traders comprehensive features and tools to enhance their trading performance. The FXTM MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the FXTM platform to their needs. One of the standout features of MT4 is its charting functionality, which allows FXTM traders to analyze price movements and make informed trading decisions.
New traders are often overwhelmed with the sheer amount of information required to succeed in the markets. But FXTM’s forex education breaks down the fundamental concepts in an easy to consume manner. The sheer number of CFDs to trade on some of the highest leverage available makes FXTM a clear choice. Andrew has a well-established career in fintech and came up with comparebrokers.co to make
trading on financial markets more transparent and accessible.
Comparison of commissions on different account types of FXTM
We will be glad to check everything and provide you with a detailed response. We are glad you are enjoying your trading experience with us. We do our best to constantly improve our customer service so our clients always get the absolute best! Please do get in touch with us at any time if you need any assistance.
The MyFXTM back office is where traders make all their deposits and withdrawals. Forextime does not levy internal fees, but traders may face third-party processing costs. I recommend checking them to determine the most convenient and cost-effective solution. Processing times also vary based on method and rank from instant to ten business days. The four-member research team at Forextime provides market commentary and analysis in written format, short YouTube videos, and podcasts.
Web trading platform
You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal. Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades. The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment. Let’s explore each of these trading platforms in detail and what options FXTM gives you.
FXTM’s MT4 platform also allows traders to access the multi-terminal feature that is unavailable on MT5. The sheer popularity of the MT4 platform has meant that FXTM will never close MT4 accounts and force clients fxtm review to change to MT5. If you want to stick to MT4 and the massive back-library of custom indicators and EAs that have been developed for it, then you won’t have to worry about being forced to change by FXTM.
Are FXTM safe?
You can view the full FXTM standard vs ECN account page or a summary is below. MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF’s on the FXTM MetaTrader 4 (MT4) trading platform. MT4 is a platform available with FXTM, that facilitates trading financial instruments in the form of CFD contracts or Spread bets.
- You can easily see your profit-loss balance and the commissions you paid.
- While we found the FXTM phone support satisfactory, there is room for improvement in response time.
- To further enhance security, we encourage traders to always look for the lock sign on their browser when using FXTM web trading platforms.
- FXTM offers a full service trading experience no matter whether you just started trading or are a seasoned veteran.
- I want to point out that only verified trading accounts may request a withdrawal and that FXTM enforces a withdrawal hierarchy.
- It’s essential to note that the trading instruments offered under the FXTM brand may vary depending on the customer account holder and country of residence due to regulatory restrictions.