However, desktop trading is limited to MetaTrader, and FXTM’s research tools and educational resources are less comprehensive than some competitors. FXTM presents a compelling option for day traders due to its solid FCA regulatory framework, which UK-based traders, in particular, should find reassuring. Another potential addition is TradingView, probably the best web-based charting and analysis platform in my opinion due to its robust community features and user-friendly interface.

It is important to note that to access crypto financial instruments, you will need to sign up for an FXTM subsidiary outside of the UK. The UK’s financial authority, the FCA, recently changed regulation banning retail traders from trading cryptocurrencies. The broker holds a mid-tier position in terms of global popularity among forex brokers. It receives approximately 49,500 Google searches per month, ranking it as the 31st most popular forex broker based on 2024 search data. This aligns closely with Similarweb traffic figures from February 2024, which place FXTM as the 31st most visited broker, with 473,000 global website visits. Cent Account The Cent Account is designed to give new traders a taste of the psychology required to succeed.

This assessment offers a transparent evaluation of FXTM’s conditions, tools, support, regulatory standing, and overall suitability for traders. FXTM is a global forex broker offering access to a wide range of markets through the MT4/MT5 platform. Sometimes referred to as ForexTime, FXTM offers clients low-cost trading, fast execution, and world-class forex education.

• Additionally, VIP or professional accounts may be available for high-volume traders who require personalized support and customized spreads.
• The Help Center includes an extensive FAQ section, covering topics such as account setup, deposits and withdrawals, trading platforms, and technical issues.
• However, the payments we receive can influence the products, companies, or services we highlight and evaluate.
• There are also videos on using trading strategies and trading psychology.

FXTM Customer Service and Support

Forex Time, FXTM for short, is an award-winning brokerage firm that provides traders with all the necessary resources they need to participate in the global financial markets. It allows customers to trade over 1,000 CFDs across different asset classes, including forex, commodities, cryptocurrencies, stocks, indices, metals, and energies. The desktop MT5 platform is an excellent choice for mostly professional traders.

• With FXTM, you can trade silver or gold, doing so against up to three currencies.
• FXTM distinguishes itself with transparent, low-cost trading fees, featuring near-zero spreads and commission-free stock trading.
• To register with FXTM you will need to provide some basic information and the process can be completed from desktop or mobile.
• Moreover, there are other numerous advantages with FXTM, like great global coverage with a good focus on the Africa region with FXTM Nigeria and Kenya trading opportunities.

Desktop Platforms

FXTM is a well-established broker, founded in 2012, with a strong regulatory framework. Client protection is robust, with segregated funds and negative balance protection. FXTM operates as a Straight-through-Processing (STP) broker without a dealing desk. Client orders are routed to the broker’s pool of liquidity providers, where they are filled at the best possible price. The app is also integrated with robust market research and actionable trading signals.

For the second stock trading options, you can open the dedicated Advantage Stocks account and trade with low spreads and zero commissions. You can even trade fractional shares, for example, 0.3 of one Apple share. Shares, even in the form of CFD trading, are not offered to UK traders registered with the FCA-regulated entity of FXTM. FXTM is a well-established broker offering a range of account types including ECN accounts, competitive spreads, and commissions tailored to different trading styles. The broker provides more than 1000 financial assets, making it suitable for diverse trading strategies.

Research and Education

For example, the Zero account with Fusion Markets comes with a $4.50 commission per round turn, which is, at present, considered the most competitive in the industry. Leverage allows traders to control larger positions with a smaller amount of capital, amplifying both potential profits and risks. While the multiplier can enhance profits, it also increases the potential for significant losses, especially in highly volatile markets. Traders should carefully consider their risk tolerance and trading strategy before using high leverage, as excessive leverage can lead to substantial losses.

FXTM is available in 180 countries in the world, and they provide different trading deposit and withdrawal methods for each country. These contracts allow traders to speculate on future price movements without owning the underlying assets. Trading is available on the MetaTrader 5 platform with competitive spreads and flexible leverage. Futures CFDs at FXTM suit both short-term strategies and broader market exposure, with no expiry dates for continuous trading convenience.

Leverage

Commission charges typically range from $3.5 to $35 per round lot, depending on the specific account and asset being traded. FXTM or Forex Time has been named as one of the world’s fastest-growing and best Forex and CFD brokers, with a large number of clients and quality offerings overall. The broker establishes fxtm broker reviews its core on reliable trading conditions and detailed education and brings trading across the world with its accessible trading globe, regardless of the trader’s knowledge.

Based on our expert partner’s experience, the account sign-up process was not immediate. It requires the submission of additional documents for identity verification and proof of address. Traders typically opt for this account type if they trade over 600 cash equities. You can jump in or out of the market quickly to take advantage of even the smallest price changes.

The platform features fundamental and technical analysis tools, copy trading tools, and automated trading EAs, equipping you to trade all the available instruments seamlessly. The trading platform also offers more chart types and timeframes than MT4. It has 44 graphical objects, 9 chart types, 21 timeframes, and an integrated economic calendar and email system. Additionally, FXTM supports popular trading platforms like MetaTrader 4, MetaTrader 5, and mobile apps, ensuring a flexible trading experience across devices. The platforms offer a user-friendly interface, advanced charting capabilities, and automated trading via Expert Advisors. Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst.

FXTM Ratings and Reviews from Forex Peace Army:

There are a total of six account types to choose from, including three standard accounts and three ECN accounts, so you can be certain you’ll find one to suit your needs. Not only is opening an account with FXTM straightforward, but the broker approves clients in an average of 12 minutes. This is much quicker than other brokers, who often take up to 72 hours to verify supporting documents. To register with FXTM you will need to provide some basic information and the process can be completed from desktop or mobile. The minimum deposit of just $10 for the Standard Cent account is also highly accessible for most clients. In addition to that, the broker may charge fees for withdrawals in some cases.

Methodology updates are made so that new broker features and products are taken into consideration. Review updates ensure that all the information we provide is current and correct. You will find major names, such as Apple and Google, as well as others not always offered by competitors, such as Bed, Bath & Beyond.