She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement.
Brokers By Licenses
- Whether you’re the type of trader that learns through visual or text-based mediums, FXTM has an option that caters to you.
- Apart from the positive and high regard from the clients in terms of its good reputation, FXTM also supports a great range of languages, so you always may count on help whenever you needed it.
- The account is not ‘standard’ as such, with the name coming from the fact that traders can trade standard lots.
- The broker utilizes in-depth fundamental and technical analysis to highlight potential market opportunities from Canada, Indonesia, India, Malaysia, Nigeria and beyond.
- FXTM use tiered commissions which mean commission costs will are lower if you hold more equity in your FXTM trading account and the more volume you trade.
- This FXTM tool enables you to perform five-point calculations to decide what position to take on a range of financial instruments.
CFDs are sophisticated instruments that carry a high risk due to leverage, potentially leading to rapid financial losses. It’s essential to understand how CFDs function and to critically assess if you can afford the high risk of losing your investment. FXTM is a good broker well-known and regulated worldwide, there are numerous regulated entities of FXTM. Account opening is easy, FXTM has one of the lowest deposit requirements and trading conditions are good with low spreads and excellent customer service, and Forex education. FXTM provides the industry-leading trading platforms in MetaTrader 4 and MetaTrader 5 for trading on your desktop, online, or mobile devices.
ForexTime FXTM: Features
As one of the good advantages, FXTM covers almost the globe, so traders from various countries can sign in, also with the lowest spreads. You can open and close positions in seconds, access live currency rates, manage your trading accounts, and stay one step ahead of the markets with FXTM’s modern and intuitive forex trading app. FXTM offers traders the MT4/MT5 trading platforms and has developed its proprietary mobile app, FXTM Trader. It upgrades MT4 with six plugins plus its Pivot Points Strategy, featuring live updates and commentary from the FXTM Head of Education, and the mobile app is user-friendly and easy to use. They ensure traders have an edge versus the out-of-the-box versions most brokers offer.
Broker Types
The advantage they have is that they offer over 12,000 financial instruments. FXTM is authorised and regulated by some top-tier regulatory bodies in the UK, Cyprus and South Africa. Over 250 trading instruments are offered on MT4 & MT5 with tight spreads as low as 0.0 pips. You can take advantage of some advanced tools completely free of charge when trading with FXTM. Several account types are offered, and a low minimum deposit and fully digital account opening serve to get started with trading in no time.
I have been using this broker for about five years and I can say so far they have been fantastic. Their customer service is top notch and they are very responsive and ready to help at anytime. The first currency is called the base currency and the second currency is called the quote currency. Trailing Stop is placed on an open position, at a specified distance from the current price of the financial instrument in question. Currency prices change every second, giving investors limitless opportunities to enter trades. And investors try to make money by correctly predicting the price movements of different pairs.
Simply trade all asset classes under a single account on the one trading platform. Cent AccountThe Cent Account is designed to give new traders a taste https://forexhero.info/ of the psychology required to succeed. Used primarily for testing purposes under live conditions, they have an amazingly low minimum deposit level.
FXTM offers 16 payment processors, ensuring many localized options for its core markets. The minimum deposit at FXTM for the Advantage and Advantage Plus accounts is $500 or its currency equivalent. While this figure is high, I rate the trading conditions offered here as more than worth the deposit size.
On the plus side, we found FXTM to have solid global regulation and an impressive number of different account types. However, we were a little disappointed that they do not offer their own trading platform and you are confined to using MT4, plus trading spreads are not particularly competitive. But the education offering is very strong, whilst the research offered is above industry standard.
Newly registered traders will be treated to a $30 bonus when you sign up with FXTM. The only requirements are that you make a minimum deposit within six months to receive the credit. Apart from the welcome offer, traders can also indulge in the Double Loyalty Cashback promotion. This will see you receiving fxtm review cashback in cash rebates as opposed to virtual credit or reward points. The site also offers a risk-free trading environment with their FXTM Titans demo trading contest. Forextime (FXTM) offers a commission-free trading account, Advantage Plus, and a commission-based alternative, Advantage.
New traders are often overwhelmed with the sheer amount of information required to succeed in the markets. But FXTM’s forex education breaks down the fundamental concepts in an easy to consume manner. Rated as the broker offering the best forex education opportunities for CFD trading, the learning material available to FXTM account holders is second to none.
There are also dedicated mobile apps on both Android and iOS devices to trade while on the move. FXTM is an award-winning broker that prioritises customer education while providing a diverse range of trading accounts and financing options to accommodate a variety of clients. Furthermore, the broker offers very competitive trading circumstances, such as narrow spreads, minimal commission rates, and quick transaction execution speeds. FXTM is an Islamic friendly broker with swap free accounts also offered. Apart from offering ten different account types and two of the most popular trading platforms, there’s also plenty of promotions and contests available at FXTM to get excited about.
This comes through the FXTM Trader which is offered as a mobile trading platform that is very well designed, and easy to use. The FXTM copy trading platform FXTM Invest is also offered in this category and provides a high quality choice for those who wish to engage in copy trading through the broker. FXTM has three different account types suited to both beginner and experienced traders alike. Beginner traders are inexperienced traders who have never traded before or have been trading for less than a year. Beginner traders often do not want to risk trading large sums of money and generally will not be able to trade full time during the workweek.
FXTM has compiled a library of instructional articles and tutorials to assist you in expanding your trading knowledge and confidence. They are written in great depth by their in-house specialists and cover a wide variety of topics ideal for both novice and intermediate traders. Educational articles – There are numerous written educational articles on Forex and CFD trading and technical analysis, from the basics up to intermediate-level concepts.