In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. Algo traders can automate their systems on MetaTrader using Expert Advisors (EAs), with a built-in strategy tester available to fine-tune strategy parameters. The main drawback of FXTM, however, is the lack of Virtual Private Server (VPS) hosting for low-latency trading.
The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform. Our broker reviews are reader supported and we may receive payment when you click on a partner site. EBooks – FXTM offer five downloadable eBooks covering traders’ habits, crypto currency is, Elliot Wave theory, and two on Japanese candlesticks.
FXTM Desktop MetaTrader 4 Platform
Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We verify some of our data for quality control but there are slight variations occasionally. Any and all partnerships with industry regulars are not and should not, be viewed as an endorsement or recommendations by topfxbrokersreview.com, even though we may be sponsored by some of the brokers. We are not liable for losses that resulting from the information provided on our site. It offers a low FXTM minimum deposit, tight spreads, and access to FXTM MT4. Further, FXTM MT4 is available in more than 20 languages for both demo and live FXTM accounts.
- While the broker does not offer MAM and PAMM accounts, this portfolio management strategy allows clients to follow and automatically copy the trades.
- Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice.
- Why pay for expensive supplementary trading courses from a third party you don’t even know if you can trust, when FXTM’s articles, courses, and webinars are all accessible for free.
Deposit and Withdrawal Options
- With access to global markets and flexible trading conditions, FXTM supports both short-term trading and long-term investment goals across a variety of asset classes.
- FXTM is a legit company, operating with four regulatory licenses and acquiring a fifth.
- Our FTXM reviewers were happy to find that the broker provides access to MT 4 on Mac, PC, and both iOS and Android mobile devices and tablets.
With built-in trading tools, educational content, and smooth account management, it helps new traders build confidence from their mobile device. FXTM provides a variety of trading platforms designed for different trader needs. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are favoured by many brokers for their backend server reliability, which contributes to a stable and smooth trading experience.
Currently, FXTM provides a wide range of services, including forex currency pairs, commodities, stocks, indices, and cryptocurrencies, accessible through popular trading platforms like MetaTrader 4 and 5. The broker’s mission revolves around offering transparent conditions, cutting-edge educational materials, and supportive customer service. For many traders, FXTM stands out due to its blend of robust platforms, diverse account types, and an emphasis on accessible educational resources. Established in 2011, the FXTM brand is a global leader in online trading, bringing the opportunities of financial markets to over 1 million customers from 150 countries. Its clients enjoy various competitive trading conditions, including tight spreads, zero deposit fees, lightning-fast execution, commission-free trading, and more.
While some withdrawal options have relatively low fees, others may incur higher charges, which can add up for traders who frequently withdraw funds. The broker also charges a $3 transaction fee for any deposit or withdrawal less than $30 or equivalent. FXTM applies swap fees for positions held open overnight, reflecting the cost of carrying trades across trading sessions. These fees are calculated based on the interest rate differential between the two currencies in the specific asset being traded. Traders who engage in longer-term strategies or frequently hold positions overnight should consider these swap fees as part of their overall trading cost, as they can accumulate over time.
FXTM offers competitive trading conditions designed to cater to a wide range of trading strategies, from beginner to professional levels. As of 2025, the broker provides traders with attractive spreads, fast execution, and flexible leverage across its various account types. FXTM is regarded as a quality execution venue and Broker with fast performance, real ECN account, and a range of trading conditions suitable for traders of all levels and very appealing to beginners. Also, Broker is known for its quality services among the trading community, as has been operated for many years, besides being available for UK Trading.
MetaTrader 5 is a solid choice for fast and straightforward order execution. However, its design feels a bit outdated compared to some of the newer, sleeker platforms. As someone who values flexible, scalable charts, I find MT5’s charting tools a little too rigid and not as intuitive as I’d like. FXTM supports the renowned MetaTrader 4 and MetaTrader 5, available for desktop, web, and mobile trading.
Forextime (FXTM) offers a commission-free trading account, Advantage Plus, and a commission-based alternative, Advantage. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.
What level of customer support does FXTM provide?
FXTM enhances your trading experience by offering a variety of promotions and contests designed to provide additional value and recognition. Yes, FXTM provides Virtual Private Server (VPS) services, enabling traders to maintain uninterrupted trading with minimal latency. Yes, FXTM supports hedging, allowing traders to manage risk by holding offsetting positions on the same asset. Deposits are typically processed instantly, allowing you to fund your account quickly and begin trading without delays. FXTM does not charge deposit fees, making it cost-effective to get started, although international payment methods may incur some intermediary charges.
Hence, its ultimate goal is to ensure that the traders stay safe and protected from unfair or misleading practices. Further, FXTM forex broker also offers different account types to suit different needs, including micro, advantage, and advantage plus and FXTM ECN accounts. The company has received a number of awards, including ‘Best Forex Trading Experience 2021” from World Finance. Beyond videos, FXTM also provides three main guides—What is Forex Trading?
Your Partner In Finding a Suitable Trading Broker
MT4 also supports customizable watchlists, one-click trading, and the ability to trade directly from charts, which boosts efficiency for traders of all levels. With various order types, market, limit, stop-loss, and trailing stop orders, traders can execute strategies precisely while managing risk effectively. Client funds are maintained in segregated accounts at reputable banks, separate from the company’s operational funds.
In addition to that, fxtm broker reviews there are hundreds of other local methods you can use. FXTM keeps traders up to date with daily market breakdowns covering stocks, forex, crypto, and more. These articles, found under the Market Analysis section of the website’s Education hub, typically zoom in on a specific asset or event.
In this comprehensive FXTM Review, we will discuss the platform’s features, benefits, account types, and much more to help you determine if it’s the right choice for your trading needs. To accommodate clients who adhere to Sharia law, FXTM offers accounts that are fully compliant with Islamic finance principles. These swap-free accounts are available across all live trading account types and eliminate interest-based rollover fees on overnight positions.
FXTM offers a modest range of CFDs compared to many brokers we’ve evaluated. Most impressively, Exinity UK Ltd offers a compensation scheme that protects up to $1 million of a client’s funds if FXTM becomes insolvent. FXTM does not charge internal fees, but third-party payment processor costs may apply. FXTM caters to most international traders, including the UK, India, Malaysia, and the Philippines.
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. FXTM’s market analysis delivers updates on key markets, including forex, commodities, indices, and cryptocurrencies. It will help support all trading levels, from beginners to experienced traders. FXTM offers a range of trading platforms tailored to suit all trading styles—whether you’re a beginner using a mobile app or an expert working with MetaTrader.
MT5 App
For the ECN account the minimum is a far more competitive 0.1 pips with typical 0.3 pips, but there is also a $2 per lot commission to factor in as well. With regard to fees from FXTM, there are varying fees dependent on the type of trading account that you decide to open. 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.
