MetaTrader supports all kinds of devices including PC, and MAC as well as an accessible Multi Terminal that is useful for money managers. Hence you will always have access to your account at your personal convenience. We learned that FXTM fees are mainly built into a spread also defined by the account type you use. In addition, you should always consider other fees like non-trading fees like, and withdrawal fees which we will see in detail further. We found that when you trade with FXTM you are able to operate with fixed or floating leverage.
You can try them out with a minimum deposit of just $10 and a simple account opening process that is completed online within minutes. Overall, I am very impressed with FXTM and what they have to offer traders from all backgrounds. They have strict regulation in multiple jurisdictions and offer a wide range of over 250+ trading instruments across multiple markets and intuitive platforms for desktop, web and mobile devices. The broker puts great emphasis on education whilst offering a flexible selection of trading accounts and convenient funding methods to suit different types of traders. Furthermore, I found them to have very competitive trading conditions including tight spreads, low commission fees and rapid trade execution speeds.
- Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
- FXTM has top-notch regulatory oversight, a wide variety of asset classes and a solid reputation.
- Minor payment processors and even Bitcoin are accepted, significantly relaxing payment verification requirements.
- Changing the leverage is a very useful feature when you want to lower the risk of your trade.
- Opening an account should be easy and with FXTM there are several different options you can choose from.
FXTM does not offer its services to residents from the US, Canada, Japan, Haiti, Mauritius, Noth Korea, Puerto Rico, and a couple of other countries. FXTM does not have any proprietary mobile trading platform, but traders can choose to download the MT4 and MT5 apps for iOS and Android devices. The MetaTrader platform has excellent functionality and usability https://limefx.club/ for both operating systems and is one of the best trading interfaces in the market for smartphones and tablets. Traders are also given various choices for payment methods, including Credit Cards (Visa, Mastercard, Maestro) and E-Wallet (Neteller, Skrill, Western Union). For withdrawing funds, traders are not charged a fee with a length of 2 hours to 2 days.
Is the FXTM Trading Platform Secure?
The FXTM Invest Strategy Manager account is a relatively new offering. FXTM’s copy trading program allows less skilled forex investors to mirror your trades and then you earn a percentage of their profits. You can earn up to 40 percent commission for each trader who profits by following your trading strategies. Available asset classes include minor/major currency pairs and spot metals.
On February 26th, 2021, FXTM ceased its retail operations from its CySEC regulated entity. It cited the uncompetitive regulatory framework introduced by the European Securities and Markets Authority (ESMA) for its reason. We apologize for the unfortunate & unexpected delay for these transactions.
You can find the contact details of the customer service at the FXTM website. Keep in mind that the FXTM customer service is available only on weekdays. You can connect customer support in many ways and they impress you with quick and relevant information.
They can then use an automated trading system, such as Expert Advisors, to follow the trading strategy. The algorithmic trading is automated trading, which provides a great deal of convenience for traders who are busy. Finally, info on sell, buy, consecutive losses, greatest losses, and maximum simultaneous orders.
It also features insights that can help you develop a trading strategy. Of course, it also includes expert forex and commodity technical analysis. Its user-friendly features are cutting-edge, and they will have access to all of the major trading instruments. They will also get automated trading via Expert Advisors, and support for multiple currencies and languages. It also means that there is a wealth of resources and tutorials available, both from Лайм ФХ and other sources. Of course, that also means that traders get all the great features of the MetaTrader platforms.
Nevertheless, FXTM broker offers their brokerage service to both institutional and retail forex traders by offering a wide range of tradable assets. Moreover, the broker’s trading platform is user-friendly and is fully packed with numerous features, making it an excellent choice for traders of all experience levels. A good broker constitutes a good service for traders in terms of many criteria including trading instruments,
deposits and withdrawals, as well as customer support.
Daily market analysis is posted on the FXTM website every weekday by FXTM’s in-house analysts. FXTM is not among the oldest or the largest online brokerages for trading forex, cryptocurrencies or other high-demand asset classes. But – we have to say it – FXTM is definitely one of the classiest. One area that stands out is that the live chat feature is staffed by real people (not chatbots) which makes it possible to use this communication method to answer even more complicated questions.
- Signing in to the MT4 platform and booking a test trade in EURUSD took seconds.
- As mentioned, Лайм ФХ supports mobile trading for convenience.
- The operations of FXTM broker are adequately supported by an efficient customer care department that resolves problems faced by its large number of customers globally at the earliest.
- Arguably one of the most important topics of a broker are the products they offer.
- FXTM also provides live chat on its website or via WhatsApp, Telegram, or Messenger.
- FXTM leverage is determined by various measures and firstly set according to the regulatory requirement in one region or another.
You will find the broker has a good selection of account funding and withdrawal options for simple and quick processing. They offer some online payment processers such as Skrill and Neteller which may be more convenient for some clients whilst they are constantly adding new options in order to improve the process even more. I am fan of the digital wallet payments as I can get quicker access to my fund which is important to me as I may need to react quickly to some unexpected market news. I appreciate how they are multilingual as it shows the broker is catering to the global trading community.
It also includes encryption of data transmission as a way to stop unauthorized third-party access and data theft. The encryption includes server authentication and user identification policies. Thus, ensuring the data gets sent to the proper server and customer terminal. Overall, FT Global Limited always follows regulations strictly. Thus, emphasizing the protection and security of clients and their investments plus client fund safety. There are at least several workshops or seminars every week, so there should be one that appeals to most clients.
There are quite a few additional charges applicable that may make it more expensive to trade on FXTM broker. If your account remains inactive for more than 6 months, you will be charged $5 for every month after the first 6 months. At the prevailing rate, the inactivity fee is quite low and it seems to prompt you to remain active. Earn $50 anytime you refer a friend or relative to register a new FXTM trading account. FXTM rewards loyal customers with cash rebates that can be withdrawn.
This could be considered the original or “classic” FXTM account type. Available for use with MT4 or MT5, it comes with a mirror free demo account and requires just £100 or equivalent to fund the live version. It is worth noting that FXTM permits opening of multiple live accounts.
Markets and products
Spreads go as low as 0.4 on XAG/USD or 5.0 on XAU/USD when you open an ECN account. The broker keeps thriving in the world of forex trading and has won the award for the Best Trading Experience at the 2020 World Finance Forex Awards. The brainchild of founder Andrey Dashin, FXTM is a relatively new addition to Dashin’s global holdings, which also include forex brokerage veteran Лайм ФХ. The VPS hosting is a unique service that allows traders to run their trading software on a remote server. Trading software can be very resource-intensive, and running it on a personal computer can often lead to slow performance or even crashes.
I like the trading environment at Лайм ФХ, as the trading costs in the commission-based trading account remain among the best industry-wide. FXTM is an ideal broker for high-frequency traders and scalpers. It has also established itself as a market leader for traders from emerging and frontier markets. I also like the upgraded MT4/MT5 trading platforms and overall transparency at FXTM, which I confidently rank among the very best Forex brokers. Like the FXTM shares account, some of these give access to specific assets that others don’t.
Knowledge Hub/Build Your Trading Skills
It is not only an online trading platform, but also an online teaching platform. We recommend opening the Demo Account or the Cent Account to get started at Лайм ФХ. Beginner traders also get free access to educational tools such as demo accounts that allow them to experiment with the forex trading platform without making any real money investments. FXTM supports using popular MT4/MT5 trading platforms that offer a sophisticated and familiar user interface for professional traders to start trading immediately. The broker provides traders you with convenient access to trade the markets, including CFDs on forex, stocks, cryptos and commodities.
Is FXTM a Good Broker?
European regulation is indeed a vital component of enhancing customer safety, as all funds are protected by investor compensation schemes and segregation of clients’ funds. Overall, Лайм ФХ is a reliable broker for all Forex and CFD traders, mainly due to their strong regulation and global presence. Besides lots of currency pair,
FXTM also offers some instruments you would like to trade on, such as
Forex and Gold & silver for your best choice. Somehow, remember that different instrument
has different trading conditions. In this case, you have to make sure that your strategy is well
suited for the instrument you chose.
There is no commission on Standard Accounts, Cent Accounts, Shares Accounts, ECN Zero Accounts, or FXTM Pro Accounts. You can view specific information for forex, spot metals, CFD US shares, spot commodities, stock trading, spot indices. You will see information such as minimum or typical spreads, limefx courses scam pip values, swaps, and trading sessions. We should note that Advantage Plus is almost the same, with the difference that spreads start from 1.5 and there are no commission fees on trading. You can easily download the mobile trading app for tablets or smartphones to start trading on the move.
Our FXTM review found out that this company distinguished itself from the other providers by focusing on various local markets and adjusting their services accordingly to suit each one. Although FXTM does offer user-friendliness that might not be often encountered on the market, what truly differentiates it is the motivation to educate its customers. They can also contact customer service representatives via Facebook Messenger, WhatsApp, Viber, Callback, Telegram, and Facebook. The live chat support staffed with real agents is the most responsive support channel, making this communication channel quick and efficient; they are available 24 hours (Mon- Fri). Check the FXTM support page to find email addresses and contact numbers for different locations. FXTM brokers who are committed to keeping their clients up-to-date on the current forex and CFD products, state-of-the-art platforms, accounts, FXTM Invest, and tools.