FXTM Review 2022: Is FXTM ForexTime Legit or a Scam ️
Securities.io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Learn more about our affiliate & trading risk disclosure. Fast trading server, but the drawback is on the withdrawal that withdrawal is very difficult. You have to attach a slip or previous transaction page in internet banking or e-bank statement showing the deposit list.
Advantage Account – offers cheaper commission of $0.40 – $2 based on volume and spreads from 0.0. A $5 monthly inactivity fee applies after six months of dormancy. I find this reasonable and acceptable, and active traders will never face this cost. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission based FXTM account using the lowest and highest commission tiers. PricewaterhouseCoopers Limited also audits select performance statistics, and FXTM remains one of the more transparent brokers.
Please be informed that Exinity Limited is an international online Forex trading broker. Using our platform you can trade Forex , Spot Metals (Gold & Silver), Stock CFDs, Spot Commodities, Spot Indices, and real US Stocks. In our company, there is no practice of paying an additional commission to a broker in order to give you the opportunity to withdraw your profit. The company is not responsible for any losses or fraud that may occur if you choose to enter into any agreements with unregistered and unknown third parties. Our official website and contact details are as follows.
- Besides the wealth of informative educational materials on the FXTM site, this platform has a solid customer support service.
- We alsoreached out to customer supportto solve issues that we had faced.
- You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved.
- Some fees may be charged when using certain payment methods.
- From the fast client approval to the general trading process, comprehensive learnings, and available features, FXTM proves its high ranking among the traders’ community with more than 90% of positive feedback.
- Costs are typically built into the spread and further defined by the account type you choose.
I am a certified Trader now I have been trading with many brokers for last 10 years. They always look Your money how to finish your account.Their Company and Their Manage/My Account manger cheated me..I have many proof… Kindly send us an email to with your MyFXTM number, trading account number and all the information regarding the aforementioned situation. We will be glad to check everything and provide you with a detailed response. FXTM offers commission-free real stocks for non-EU clients.The real stock selection lags behind that of XTB, while similar to XM’s.
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FXTM is an award-winning broker with strict regulation in multiple jurisdictions. They have user-friendly trading platforms, various account types and funding methods, along with a vast range of educational materials and trading tools to help you make informed trade decisions. FXTM offer multiple account types and flexible leverage to suit all different types of trader. I found the spreads to be very low, starting from just 0.1 pips with deep interbank liquidity to ensure fast trade execution speeds and No Dealing Desk technology to avoid a conflict of interest. I would always prefer to use a broker without a dealing desk as I like to get my trades executed at the best possible prices and don’t want to be trading against the broker that I am using. If spreads and execution are also important to you, XM Group have raw spreads from zero pips and plenty of liquidity for reliable trade execution speeds.
Also note, every bonus program applies specified terms and conditions on how it should be used or accessed. FXTM minimum deposit requirement is $/€/£ 100 for Account Standard and only 10$ for a Cent Account. Also, all deposit fxtm review fees are covered by the company which is great for your smart money management. Advantage Account – cheapest account type offered by FXTM with average commission of $0.40 – $2 based on volume and spreads from 0.0.
Our FXTM Review
I ask to send my profit to my bank account but they didn’t send my profit. We tested it and collected the options and costs in How to withdraw money on FXTM. Our ultimate guide to the FXTM minimum deposit is updated regularly. You can find them in MyFXTM, under ‘Trading Services,’ and within that the ‘FXTM Trading Signals’ section. Similarly to the web trading platform,FXTM provides only a one-step login.
No issues, have been trading with them since many years. On the plus side,customer support gives fast and relevant answers. Fees, minimum deposit requirements, withdrawal, account opening, research tools and more. We use over 50,000 data points and a consistent, fact-based methodology. A second major area outside the forex market where FXTM performs very well in terms of investment products offered, is in stocks. Through the broker, you can trade in more than 170 stocks in companies from both the NYSE, and NASDAQ.
FXTM makes a wide range of deposit and withdrawal methods available. Options available include credit and debit cards, e-wallets, bank wire transfers, and local payment solutions. If you require more tools along with powerful customisation you are recommended to choose the Desktop version.
Deposit and Withdrawal
FCA has revoked several brokerage regulations due to proof of video capture and screenshot that I and trader friends send to FCA. Yeah recently I invest in FXTM but then they want only to deposit and deposit. Then they want you to deposit more to receive your profit. The deposit is always available but when withdrawal it is subject for review. Please note that the Company does not interfere with Clients’ trading activity, nor does it manipulate the prices received from its Liquidity Provider.
With its accessible trading worldwide, regardless of the trader’s skill level, the broker builds its foundation on reliable trading conditions and substantial education and provides trading worldwide. The Financial Conduct Authority and other authorities have named FXTM or Forex Time, created in 2011 and had its headquarters in Cyprus , one of the world’s fastest-growing and best forex brokers. Just because of its focus on Africa and Asia, the organization has experienced significant growth inside Europe in a short period.
If you encountered any complications while trading with us, please send us a message to , specifying the issue in detail. We will make a detailed check and provide you with a prompt answer. We are sad to here that you think this way about our Company. Please send us an email to In the message kindly specify your trading account number and the order numbers. We will check this information and provide you a detailed answer. We are sorry that you have such an opinion about our Company.
We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors. You should consider whether you understand the risks involved. We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker.
For a tailored recommendation, check out our broker finder tool. Answer a few simple questions and get a list of the most relevant brokers. This trusted regulation, a competitive range of trading costs, and the availability of more than 250 assets to trade, continue to make FXTM a popular choice for all. Comparebrokers.co needs to review the security of your connection before proceeding. There are quite a number of communication channels for this broker.
FXTM Review 2022
Expert traders can become FXTM Strategy Manager only with an ECN or ECN Zero trading account. Please note that the tradersonly need to deposit the minimum https://broker-review.org/ amount the first timethey are funding the account and maintain at least that balance. For consecutive fundings, traders can deposit any amount.
Able to contact via Live chat, WhatsApp, Viber, Telegram, Messenger or even leave a number for support staff to contact back. FXTM’s popularity is moderate in both Social Media and Forex website reviews, with a relatively high rating on Trustpilot. FXTM is a very standard Forex broker, nothing is outstanding, and service is of average level. Details of our withdrawal requests are in the table below. Details of our fund deposits are shown in the below table. Overall, our account opening experience wasquick, smooth,and without any issues.
Traders look to take advantage of the fluctuating prices of oil and other energy products. FXTM offer a wide range of over 250+ trading instruments including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies and CFDs. There are over 60+ minor, major and exotic currency pairs, 180+ share CFDs and major Cryptocurrencies such as Bitcoin and Ethereum. Whilst there should be enough for the casual trader, those of you who are looking to diversify a lot more, may want to consider Swissquote as an alternative as they have thousands of instruments to choose from. The Economic Calendar allows you to keep up to date with economic news releases, delivered in real time and with an impact rating. I think that a news calendar is a vital tool to incorporate within your trading strategy.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. TradingBrokers.com aim to provide unbiased broker reviews to give traders a clear understanding of the different brokers available to them. Traders can use our free service but should do their own due diligence and make their own decisions.
FXTM website has a small feature that has attracted a lot of positive reviews from the users. FXTM receives a lot of positive feedback for caring about the users. The review platforms are filled with short stories of frustrated users, who, despite being dissatisfied with the website, managed to get a refund on their initial investment after contacting FXTM support team. It’s heartwarming to see such honesty on a trading website. Whether you’re just starting out as a forex trader or have been trading for years, FXTM can fit your needs and provide excellent forex brokerage services regardless of your level of expertise. ECG Pte Ltd () is an independent publisher and comparison service, not an investment or financial advisor.