FXTM Review
FXTM is an ECN/CFD broker based in Cyprus. The FXTM group consists of 3 brands and offers a wide variety of trading options and features such as ECN trading, automated trading, scalping, many account types and funding methods. The broker offers the MT4 and MT5 platforms in three different versions (Web, Desktop, and Mobile).
◙ FXTM REVIEW
This is the full FXTM review analysis.
FXTM BASIC FACTS & NOTES |
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FXTM.com review |
FXTM.com TRADING INFO |
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◘ FXTM Asset Index |
■ FXTM offer 50+ Forex Currency pairs, 10 Stock Indices, Shares, Energies, and Precious Metals | The wide asset index is one of the key advantages when trading with FXTM. |
◘ FXTM Typical Spreads / Trading Commissions |
FXTM charge trading commissions $2.0 per lot (ECN Accounts) ■ EURUSD spread is 0.5 pip ■ GBPUSD spread is 0.7 pip ■ USDJPY spread is 0.7 pip |
The lowest spreads are offered in the ECN Pro account. The ECN account offers EURUSD at minimum 0.5 pip and the standard account minimum EURUSD spread at 1.6 pip |
◘ FXTM Maximum Leverage |
■ FXTM offers Leverage up to 30:1 | FXTM offers Flexible Leverage (based on your country of residence and knowledge & experience) |
◘ Lot Size |
■ The minimum lot size is 0.01 | The FXTM Cent Account is very useful for beginners |
◘ Automated Trading / Scalping |
■ Automated Trading is allowed by FXTM, -YES- ■ Scalping is also fully allowed by FXTM |
You can use automated trading, scalping, and hedging when trading with FXTM |
◘ FXTM Platforms |
■ FXTM offers: MetaTrader-4, MetaTrader-4 | There are MT4 and MT5 in three different versions (Web, Desktop, and Mobile) |
◘ FXTM Typical Slippage (EURUSD) |
■ FXTM Slippage is measured under 1.00 pip |
In general, low-slippage on order execution (higher slippage may occur during high market volatility) |
◘ FXTM Mobile Trading |
■ FXTM offers a mobile app for all popular devices. |
MT4 and MT5 mobile traders for Android and Apple iOs. Specially optimized mobile app for iPad devices. |
| The Company |
FXTM.com COMPANY INFO |
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◘ FXTM Foundation |
■ FXTM was founded in 2011 | The FXTM brand belongs to ForexTime Limited |
◘ FXTM Headquarters |
■ FXTM headquarters are in Cyprus | FXTM is based in Cyprus and maintains also offices in the UK and Mauritius. |
◘ FXTM Regulation |
■ FXTM is regulated by CySEC, FSC and FCA (UK) |
FXTM is regulated by three different government bodies: ■ CySEC Cyprus (License 185/12) ■ FCA UK (License 777911) ■ FSC Mauritius (License C113012295) |
| FXTM Accounts |
FXTM.com ACCOUNT INFO |
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◘ FXTM Account Currencies |
EURO | GBP | USD | Open an account in Euro, US Dollar, and British Pound Sterling |
◘ FXTM Deposit Money |
CARDS | BANK WIRE | INTERNET WALETS |
Credit/Debit Cards, Bank Wire, Bitcoin (via Skrill), Skrill, Neteller, Western Union, and other methods are available for funding a new FXTM account (depending on the FXTM entity and on the Clients Country of Residence) |
◘ FXTM Withdraw Money |
CARDS | BANK WIRE | INTERNET WALETS | The same methods to withdraw funds |
◘ US Residents |
■ FXTM forbids US Residents as Clients -NO- |
Traders coming from the US can't trade with FXTM |
◘ FXTM Minimum Deposit |
■ Minimum Deposit at FXTM is 10 USD |
$10 minimum account requirements for the CENT account type, which is ideal for Forex beginners: ■ $10 for Cent Account ■ $100 for Standard Account ■ $500 for ECN Account ■ $25,000 for ECN Pro Account |
◘ FXTM Promotions |
■ FXTM offers a loyalty discount program |
FXTM loyalty program which works with five levels (available only to traders categorized as Professional Clients while T&Cs apply) |
■ FXTM.COM Review
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