FXTM REVIEW

FXTM is a Forex Broker based in Cyprus offering MT4, MT5 and a wide Forex asset index containing 50 currency pairs.

 

FXTM REVIEW SUMMARY

• Broker Type: ECN (GMT+2 server time)

• US Traders: NO

• FXTM Regulation: CySEC (Licence number 185/12), FCA UK (License number 777911), FSC Mauritius (License C113012295)

• FXTM Platforms: MetaTrader-4, MetaTrader-5, and WebTrader (based on both MT4 and MT5)

• Mobile Trading: iPhone, Android, and Windows Mobile

• Automated Trading & Scalping: Yes

• FXTM Assets: 50 Forex Pairs, Precious Metals, Gold Bullion, Energies, Indices, and Shares

• FXTM Minimum Account: $10

• Fund Methods: Cards, Wire, Skrill, Neteller, Western Union, QIWI, and more funding methods (check below)

• FXTM Welcome Bonus: NO

» FXTM Online Trading

FXTM RATING SCORE

This is the Rating Score of FXTM:

FXTM.COM RATING (USING FORMULA)	(100%=max)
(1) Safety of Funds when Trading at FXTM	95.60 %
(2) Cost of Trading	55.40 %
(3) Trading-Options Available at FXTM	74.10 %
(4) Trading Technology	92.20 %
FXTM Total Rating	76.80 %

The full FXTM.com Rating Calculations: » FXTM Full Rating Score

 

FXTM FULL REVIEW

Introduction to FXTM

FXTM is an ECN/STP Forex broker established in Cyprus:

□ FXTM Headquarters: Cyrpus

□ FXTM Regulation: CySEC (Licence number 185/12) and FCA UK (License number 777911), and FSC Mauritius (License C113012295)

□ FXTM Foundation: 2011

□ FXTM Account Segregation: YES {FXTM provides segregated accounts}

□ Compensation in case of insolvency: YES, via the ICF

 

FXTM ASSET INDEX & SPREADS

You may trade Forex, Equities, and Commodities

• 50+ Forex currency pairs – Forex majors, Forex crosses, and exotics
• Trading Precious Metals (Gold and Silver against USD and EUR)
• Gold Bullion
• Trading Energies (Brent, Crude Oil, and Natural Gas)
• Stocks and Indices 

 

 

FXTM TRADING PLATFORMS & TECHNOLOGY

FXTM offers the MetaTrader platform in two versions:

□ FXTM Desktop Trading: MetaTrader-4, MetaTrader-5, and WebTraders for both trade platforms

□ FXTM Mobile Trading: iPhone and Android

□ Automated Trading: YES

□ Hedging/Scalping: YES

□ PAMM/MAM Accounts: NO

□ FIX/API: NO

□ FREE VPS: NO

 

Here is some more information about FXTM trading platforms:

• 50 Technical analysis indicators and charting tools
• Trades Forex Pairs, CFDs, and Futures
• Market Depth
• Functional EAs (Expert Advisors)
• Economic Calendar
• Strategy Tester
• Embedded Chat Service (only MT5)

 

FXTM TRADING ACCOUNTS

Six (6) account types offered by FXTM.com:

• Three (3) ECN account types
• Shares account
• You may trade either with micro or standard lots

□ FXTM Minimum Account: $10

□ All FXTM Fund Methods: Cards, Bank Wire, Skrill, Neteller, Western Union, Bitcoin, QIWI, Yandex

□ FXTM Inactivity Fees: YES ($5/month after 6 months of inactive accounts)

□ Customer Support Methods: Live Chat, Phone, Email

□ Web-Site Languages:

• English, Spanish, Russian, Arabic, Chinese, Hindi, French, Korean, Italian, Czech, Indonesian, Malay, Persian, Thai, Urdu

» FXTM Accounts and Promotions

 

FXTM REVIEW -MAIN PROS & CONS

FXTM.COM REVIEW PROS √	FXTM.COM REVIEW CONS X
(√) Very wide Forex asset index plus other assets (√) Automated Trading & Scalping are allowed (√) Low slippage on order execution (√) A wide selection of trade accounts, plus 3 ECN account types (√) Low Minimum Deposit Requirements / Many Fund Methods (√) Multilingual customer support covering tens of Asian Languages	(x) Lack of trade promotions (bonuses, free VPS, rebates, etc.) (x) Inactivity Fees ($5/month after 6 months of inactive accounts)

 

 

FXTM REVIEW –FINAL THOUGHTS

FXTM is a Cyprus-based ECN Forex broker founded in 2011. FXTM is regulated by the CySEC and FCA UK and provides segregated client bank accounts and compensation in case of insolvency via the ICF.

There are many different account types including:

• Cent
• Standard
• Shares Account
• ECN Zero Spread
• ECN Invest Account
• ECN Pro Account

The maximum trading leverage is up to 30:1. The trading assets include 50+ Forex pairs, Gold, Silver, Oil, Stocks, and Indices. The minimum deposit is just $5 and you can fund your account via Credit/Debit Card, Wire, and almost all important Electronic Wallets (Skrill, Neteller, etc.). FXTM clients can withdraw money using the method of deposit. The trading spreads on standard and cent accounts are a little bit wide (1.8 pip on EURUSD) but you can open an ECN account and trade in considerably tighter spreads (starting as low as 0.1 pip plus trade commissions).

FXTM is a good choice for trading Forex and that includes all types of trading styles and all levels of trading experience (beginners, advanced, and professional traders).

» FXTM Online Trading Services

 

◙ FXTM.com Review

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