FXTM, also known as Forex Time is one of best forex trading platforms available on the market today. The global forex and CFD broker came into existence in 2011 and since then has catered to thousands of traders across the globe. In this article, learn more about FXTM, their deposit & withdrawal methods, trading platforms, license & regulations as well as copy trading.
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License & Regulations
Regulation and licensing are vital elements that help to determine whether a broker is safe and reliable or not. As far as FXTM is concerned, the broker is duly regulated by a number of reputed financial authorities such as the UK based FCA or Financial Conduct Authority as well as the CySEC or the Cyprus Securities and Exchange Commission. This makes FXTM one of the most widely trusted brokers in the industry.
The trading platforms offered by a broker is yet another aspect that must be taken into consideration when it comes to choosing one. In the case of FXTM, the broker offers different trading platforms such as the MT4 and MT5. Both the platforms are easy to use and make trading quick and convenient.
Traders can download Metatrader 5 on their desktops and laptops, however, the platform isn’t available for mobile phone users. Both, MT4 and MT5 can be easily navigated and support prompt opening and closing of trades. With MT5, traders get many more types of order execution. MT5 also offers an additional edit functionality for trades and higher availability of pending orders. On the other hand, the MT4 is also easy to access and use. The platform can also be downloaded on small screens and comes in two different formats i.e. for iOS and Android devices. In addition to this, MT4 Webtrader can also be downloaded on MAC and PCs.
Markets and Assets
With FXTM, traders get the opportunity of trading a variety of assets and financial instruments such as forex, cryptocurrencies including Litecoin, Ethereum, Bitcoin etc., Spot metals (such as Silver and Gold), CFDs for commodities and indices and Share CFDs (such as Google, BP and Apple).
Deposits & Withdrawals
The broker offers multiple deposits & withdrawal methods to facilitate traders. In order to deposit funds, traders can use their Visa, Maestro, Neteller, Mastercard, Fasapay, Skrill and WebMoney as well as numerous other deposit options. Typically, the time for processing the deposits is 2 hours whereas others are carried out instantly. Also, all the deposit methods are free of commission. Apart from this, FXTM also accepts deposit through bank wire transfer that takes around 3-5 days of processing time.
Withdrawals, on the other hand, can be carried out through Mastercard, Visa and Maestro cards which are processed on the same day. Also, funds can be easily withdrawn in different currencies such as EUR, GBP and USD and the commission is fixed at 2 EUR, 2GBP and 3 USD. In addition to this, withdrawals through Netelller is processed on the same day with no commission charged. However, bank wire transfers take as many as 24 hours for processing and the fee for the same is 5GBP and 10 EUR. Traders must also note that the broker may require additional information in order to authorize a withdrawal.
At FXTM, traders have the option of opening a wide variety of accounts such as the Standard account, Shares account, Cent account, ECN Account, FXTM Pro account and ECN Zero Account. With Standard account, traders get the option to swapping aside to narrow spreads. The account offers fixed leverage and the permission to hedge. On the other hand, Cent account provides fixed leverage along with swap, floating spreads and quick execution.
Traders who opt for the Shares account are not required to pay any commission and they can easily trade in more than 170 US shares in three different currencies including USD, GBP as well as EUR. The FXTM Pro account comes with zero commissions, quick execution and fixed leverage. Apart from this, traders also have the option of creating a demo account for gathering some live or real-time trading experience.
If you are among those traders who lack adequate trading knowledge and experience or even if you cannot manage enough time for trading yourself, then FXTM’s Copy trading or social trading is definitely a great option. As one of the best copy trading brokers, FXTM offers industry leading copy trading service to traders.
As a result, traders can rely on FXTM’s copy trading to follow the actions, activities and ideas of other experienced traders or Strategy Managers. Many of their traders are highly professional with years of experience behind them. Their expertise can be used to understand trading better. Also, traders can follow them to replicate their strategies and earn attractive returns.
FxTm copy trading guide and services also offer an excellent option for new traders who have little to no knowledge about forex trading. In case you are wondering how do I start copy trading, then you can check out the FXTM’s guide on copy trading, its risks and benefits and copy trading terms as well as FXTM invest.
With FXTM Invest or copy trading option, traders also get to allocate their portfolio to multiple providers across varied assets. Thus, by spreading their risks related to individual decisions, they can easily offset the losses in case a trader does not perform as per their expectations. Besides, traders can also earn money in different market environments.
By following FXTM’s Strategy Managers, traders can retain complete control over their funds and they get paid only when they help you place a profitable or successful trade. Also, the broker keeps a track of their Strategy Managers throughout the day as well as rank them on the basis of their performance. In essence, they are ranked on the basis of numerous performance and quality measures such as their risk profile, investment return, years of experience, style of trading and other parameters.
Those interested in using the FXTM Copy trading platform need to first pick their preferred Strategy Manger and then deposit the requisite funds. Once the deposit has been accepted, trades will get automatically copied on their accounts and traders can cash in as and when they earn profits.
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|Regulator||CySEC, FCA, ASIC||FSC||CySEC, IFSC||MSB, MTR, DCE|
|Assets||Forex, Stock, ETF, CFD, Crypto,...||Forex, indices, commodities, shares, crypto,...||Forex, stock, Commodities, Indices,...||Crypto, indices, commodities, forex,...|
|Min deposit||$200||$100||$100||0.0002 BTC|
|Bonus||$100 bonus - 100% deposit||$100 bonus|
|Review||Read review||Read review||Read review||Read review|