Written by Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. FXTM accepts clients from almost every country in the world, however, there might be some restrictions due to regulations alike implemented for residents of Japan, the USA, etc. Also, the FXTM UK brand is licensed by the Financial Conduct Authority known as sharp regulator, which has principals built by European MiFID and ICF allowing cross-broker activity.
The market analysis and education sections of their website are some of the most in-depth that we’ve come across. There is a free demo account you can take advantage of before committing your money to the broker so you can get a feel for how it works. The minimum deposit is just $100 when you want to start trading for real money. In terms of statistics related to clients and customer service, the average wait time is less than 12 minutes.
This question is indeed the most crucial one, as investor accounts lose money and if you trade with an unregulated entity the high risk to lose funds is dramatically high. FXTM, also known as ForexTime, is a legitimate brokerage with multiple industry awards. Established in 2011 and based in Mauritius, the company has offices in Dubai, London, Hong Kong, Cyprus, Nigeria, Kenya, Mexico, Colombia and Chile, with more than 500 staff. FXTM is is also regulated by tier-one financial bodies, including the FCA in the UK. MetaTrader 5 is the latest iteration, with faster processing, a superior charting package, more risk management tools and an integrated news feed.
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Then, you get your own Manager page to display trading statistics and start sharing your trading results via social media. FXTM also delivers fast execution as transactions are executed immediately. This means that you do not have to worry about delays interfering with your ability to get the best prices. Yes, FXTM offers MT4 and upgrades the core version with six plugins. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our xcriticals.
Assets & Markets
You get your own dedicated page to use to match with investors xcritical cheating and can manage multiple accounts at one time. You can choose to open an ECN or ECN Zero account to get started. FXTM provides access to the popular MetaTrader platforms, including MT4 and MT5. These platforms are available on various devices such as PC, Mac, mobile, and web-based options. MT4 remains the go-to choice for many due to its extensive library of custom indicators, while MT5 offers additional features like market depth and more order types.
Moreover they will take you through several hoops to authorize your withdrawal. Withdrawals via bank cards are processed as refunds of the previous deposits made using the card. Therefore, you cannot withdraw more than you deposited using a card.
Very Good broker
I find it well-structured and an excellent starting point for new traders. I also recommend first-time traders seek third-party education covering trading psychology while avoiding paid-for courses. I highly recommend the commission-based option as trading costs remain among the best industry-wide, while the commission-based account charges relatively expensive fees. The ForexTime FXTM platform remains one of the best forex trading apps available today. Users who are able to meet the deposit minimums required to open an ECN account will receive highly competitive rates and avoid any limits on order volume.
- This type of fee brings you the simplicity of the calculation and is the best suitable option for many traders despite the strategy.
- FXTM allows clients to trade all the major cryptocurrencies, in the form of CFDs.
- And secondly, nothing like reward or awards or something for clients over 10 years or pioneers like us in Nigeria.
The MyFXTM back office is where traders make all their deposits and withdrawals. Forextime does not levy internal deposit fees but charges for withdrawals, which is unfortunate. Traders may also face third-party processing costs and currency conversion fees.
Depending on the deposit method chosen, transfer time ranges from 1 to 24 hours on average. Depending on the deposit method chosen, transfer time ranges from xcritical reviews instant to five business days. Since its launch in 2011, FXTM as a platform and as a brokerage has been uniquely positioned to learn early and well from all of Alpari’s earlier mistakes, and in truth it has.
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