✅Review【FXTM】broker is scam or safe? Fee、App、pros、cons
- Provide multiple execution strategies by account type
- Regulated by several agencies
- Including regulation outside the EU
- Provide crypto currency CFDs
- FXTM Invest supports automated trading
- CopyTrading
- ECN accounts have leverage limit requirements and margin limits
- Certain market areas are divided by account type
- ECN accounts can only add stop loss and limit orders after execution
- The maximum order volume per transaction is 30 standard lots
What is FXTM (Forex Time) ?
The full name of FXTM is Forextime Ltd was founded in 2011 by Andrey Dashin, who is also a major shareholder of online broker Alpari. Since the launch of FXTM, the platform has been expanded to include the MT4 and MT5 platforms developed by Meta Quotes Software, headquarter local at Cyprus 35, Lamprou Konstantara Street, FXTM Tower, Kato Polemidia, CY-4156 Limassol.
FXTM is Safe or a scam?
We have checked that FXTM (Forex Time) is subject to national/regional and government regulations, so it is also suitable for safe transactions and negative balance protection. Therefore, if your loss exceeds your deposit, your loss of funds will not exceed your own capital, if In the event of certain uncontrollable market risks, you will not need to pay additional losses in excess of the principal
CySEC (Europe):Company Registration Number: 185/12
FCA(UK):Company Registration Number:777911
BaFin(DE): Company Registration Number:151031
BDF(FR): Company Registration Number:76205
FSCA(SA)Company Registration Number:46614
FXTM’s Leverage
CySEC (Europe) & FCA(UK):
- x30 for major currency pairs
- x10 for commodities
- x5 for CFD stocks
- x2 for Crypto currencies
Trading fees
No Stock Trading fee
Stock and ETF spread 0.09%
Forex spread is between 1~3 pip
Deposits and Withdrawal
Minimum deposit :3$ fee are 0 %
amount is only 50$ allowing to open either Micro Account or a Standard One, in case you wish to trade with ECN account minimum deposit is competitive also, demanding 500$ as a start. However, the amount varies according to the chosen payment method and trading account validation status. Yet, you can read and find all the necessary info in the Members Area.
list of Major support deposit:
| Deposit/Withdrawal method | Currency | Fee |
|---|---|---|
| Mastercard | USD, EUR | 0% |
| Visa | USD, EUR | 0% |
| Bank transfer | USD, EUR | According to bank charges |
| China Union Pay (CUP) | CNY | 0% |
| NETELLER | USD, EUR, INR, BRL | 0% |
| Skrill | USD, EUR | 0% |
| BTC | USD | 0% |
| USDT | USDT | 0% |
Minimum Withdrawal: 25$ fee is 3$
no matter how much money you withdraw is Free each time, but by wire, transfer bank could be taking up to 20 $ this has taken by the bank
withdrawal is spending 3~8 days by wire transfer
withdrawal is spending 3~5 days by Credit card depend bank working days
Trading Platform
Although MT4 and MT5 are standard versions, on the surface, there is little difference between the broker’s platforms, but in terms of pricing, execution efficiency, and transaction management, there may be significant differences in the way the platforms are configured.
In addition to the types of spreads, tools and account types, the following are the experience differences between FXTM’s MT4 and MT5 platform settings and the default Meta Trader:
Provide WEB version of MT4 and MT5; The MT4 installation file for MAC OS contains the Windows emulator installation package.
Unlike the signal market in Meta Trader, the broker provides additional automated trading through its FXTM Invest platform, with more than 750 strategy providers. But these are only available to people with ECN Zero accounts to use on the MYFXTM portal.
Social Copy Trading provide Automatic following thought other high skill Trader, therefore although some people wasn’t having enough financial acknowledge they still able to make money from Fx or Stock market, depend risk of trader they copy.
Customer Service
FXTM offering fantastic Customer Service you can use popular application which is:
- Live Chat
- Viber
- Telegram
- Facebook Messenger
- Phone Call Back
24/5 customer service language option established centers in the Asia region including Indonesia, Malaysia, Thailand, China, as well as Africa region, Europe and more, so it is true to state FXTM covers the major world language
Education
FXTM provides research on daily technology and basic news analysis from its internal analyst team. They publish blog updates and daily videos as well as quarterly market forecast reports.
The broker provides an economic calendar supported by FXStreet, which also spreads news headlines on its platform and website.
FXTM (ForexTime) is a forex trading platform that offers a range of educational resources to help traders improve their knowledge and skills. These resources include webinars, seminars, e-books, video tutorials, and a forex glossary, covering topics such as market analysis, technical analysis, fundamental analysis, trading psychology, and risk management.
One of the main benefits of the educational resources offered by FXTM is that they are designed to be accessible to traders of all levels of experience. Beginners can learn the basics of forex trading, while more advanced traders can deepen their understanding of more complex topics.
FXTM also offers a demo account that allows traders to practice their skills in a risk-free environment. This can be a valuable tool for new traders who want to test their strategies before committing real funds.
In addition, FXTM offers a range of trading tools to help traders make informed trading decisions. These include real-time market analysis, economic calendars, and trading signals.
FXTM is also committed to providing high-quality customer support, with a team of professionals available 24/5 to answer traders’ questions and provide assistance.
Overall, the educational resources offered by FXTM are a valuable resource for traders who want to improve their skills and knowledge of forex trading. The range of resources and tools available, combined with the accessibility of the platform and the high-quality customer support, make it a popular choice for traders of all levels of experience.
Research Conclusion
FXTM provides research on daily technology and basic news analysis from its internal analyst team. They publish blog updates and daily videos as well as quarterly market forecast reports.
In addition to its core features, FXTM’s platform offers innovative solutions such as social trading and copy trading, allowing users to benefit from the strategies of successful traders. This feature promotes collaboration and knowledge-sharing within the FXTM community.
Summary
FXTM provides multiple account options for traders, each of which has pros and cons, from margin to order execution method, tradable market and different pricing rules. For example, one of the advantages of ECN accounts is more competitive pricing, but compared to standard accounts, stop-loss and take-profit prices can only be added after the order enters the market. This restriction is unreasonable.
In addition, if traders want to trade CFDs on stocks, they need to open separate accounts and cannot share foreign exchange accounts, which is very inconvenient.
All in all, FXTM provides a variety of options for MT4 and MT5, and a wide range of account options allows traders to operate flexibly. In addition to Bitcoin, the addition of more crypto currency CFDs also complements FXTM, although it is still not tradable on weekends.
It is difficult for inexperienced traders to choose among the many account types of FXTM. In an ideal situation, we hope that the broker can simplify this selection process and recommend the appropriate account type for different experience levels. Finally, the broker’s own automated trading strategy and the trading signal service provided by the internal research team have a good yield.
More Trading Broker Platform You Might Interesting
- User-friendly platform: Plus500 offers a simple and intuitive platform that is easy to use even for beginners.
- Wide range of financial instruments: Plus500 provides access to a diverse range of financial instruments, making it easy for traders to diversify their portfolios.
- No commissions: Plus500 does not charge commissions on trades, which can make trading more cost-effective.
- Limited research and educational resources: Plus500 provides minimal research and educational resources for traders, which can make it difficult for beginners to learn about trading strategies and techniques.
- Inactivity fees: Plus500 charges an inactivity fee if you do not log in to your account for a certain period of time, which can be a disadvantage for occasional traders.
- Limited customization options: Plus500 offers limited customization options, which can be a disadvantage for advanced traders who want to tailor the platform to their needs.
Swissquote Swissquote Bank, also known as Swissquote Group Holding SA, is a Swiss bank group specializing in online financial and trading services. The group’s shares have been listed on the Swiss Stock Exchange since May 29, 2000. The stock code is SQN. The group’s headquarters are located in Grande, Switzerland, the company also has offices in Zurich, Bern, London, Dubai, Hong Kong, Malta, Singapore and Luxembourg and has 722 employees.
Provide foreign investors can apply through an online bank account using the bank while the Swiss regulators to ensure the safety of funds, they are different from other trading platforms while providing real stock brokers and CFD, when you need to become a shareholder of a company You can buy real stocks. When you encounter unexpected situations that may occur in the future, you can buy assets quickly and cheaply through CFD and hedge risks.
- Provide bank card
- Real stock
- CFD stock
- ETF trading
- Option
- Multi-currency bank account
- Trusted government regulation
- Higher spreads
- Low leverage
- Account opening procedures cumbersome
overall we talking about VanTage FX it's worth to use ? for first level regulation they getting reducing leverage low as 30 below , but in VanTage FX you can feel free flexible change your regulation between second level regulation up to 500 leverage , Overall VanTage FX are in list
- Various deposits way
- Support Copy Trade
- Fully and Free education
- Free VPS
- Only English education
- less CFD stocks
5 different trading platform to choice , than also consider copy trading make trading more relax to balance your Work and trading multiple languages online Support compare with other trading broker ,avatrade spend more attention on the costumer service , which they give more information and help for newbie Trusted deposit by famous bank from european , and also offer Highly rank regulation which mean you can enjoy your capital safely with government guarantee your money.
- multiple choice copy trading
- Well customer support
- Friendly mobile trading app
- less Stock
- Expensive Trading Stock fee
Pepperstone founded in 2010 offer forex and CFD stock trading service base on Asia-pacific, office and headquarter located in Australia, offer low ping and high quality price quote without slippage. In average Pepperstone is not one of broker which offer fantastic trading app but reliable and fairly trading broker platform, why said like it ? Because most broker usually going price slippage but in pepperstone such report are no usually happened, so for day-trdaer and mass Quantitative Trader are really important even your small trader that's one of crucial priosity.
- Low slippage
- Low ping support VPS
- High speed respown time
- less CFD stock
Reference
Specification: ✅Review【FXTM】broker is scam or safe? Fee、App、pros、cons
|
Never trade because of bad news or good news. Trading successes does not depend on the opinion of one person. It is based on the application of your information, and experience as a trained trader. Fear factor is a function of your inexperience and dependent on other people’s judgement. As a FXTM trader, your confidence level in the trading market is normal and can be managed by you. Every step on the way, you can see what you input.
We teach you how to manage your every up and down trade and maximize your profits from start to finish without fear.
FXTM is here to retrace and help you recover your lost confidence in forex market. It is the only forex trading company that can give you that money, wealth you have craved to have but yet little time spent with no work done.
You may lose all your investment here if you don’t follow instructions and stick with your strategy that you designed for yourself. So we teach you how to design and plan your own strategy for better trading experience.
I believe this is among the most important information for me.
And i am glad reading your article. But wanna remark on few basic issues, The website taste is ideal, the articles is really
nice : D. Just right activity, cheers
Thanks for any other informative blog. The place else
may just I am getting that type of info written in such an ideal way?
I’ve a mission that I am just now running on, and
I’ve been on the look out for such info.
The mobile app pleases with its simplicity and user-friendly interface. The developers did their best, you can see right away. Technical support is fast and competent
Perfect for covering all markets and thousands of instruments just on a mobile app. Thank you !
The simple truth about binary options which many of us do not know is the fact that it is mainly based on predictions. Without proper knowledge of what next can happen to the stock market, you are sure to lose your funds. That is why it is important to be tutored or mentored by a professional trader in binary options. During the few days of being mentored by Mrs Doris Ashley I’ve learnt much and also succeeded in trades and has been doing successful withdrawals and was able to recover all my lost funds. Feel free to contact her on Dorisashley52@gmail. com or [email protected] or WhatsApp her +351 968 942 567for positive results