FXTM

It was founded in 1999, and it is regulated and sanctioned by the UK’s Financial Conduct Authority (FCA) Cyprus Securities and Exchange Commission (CySEC). The brokerage company offers various CFDs instruments, including forex, cryptocurrency, Shares, Indices, Commodities, etc. In addition, the brokerage firm provides three types of trading accounts as Spread Betting, CFD Trading and Active Trader account. 

The headquarters of the FXTM is located at 20 Gresham Street, 4th Floor, London EC2V 7JE, United Kingdom. FXTM offers commission-free trading in all types of trading accounts except Active Trader accounts. In addition, FXTM offers the best trading tools and indicators that are helpful to predict the future market of assets. 

The deposit and withdrawal option of the FXTM is via Credit Card, Neteller, Skrill, Wire Transfer. In addition, the brokerage giant provides the best customer support service to the investor through Live Chat, Telephone, Email, SMS and WhatsApp, etc. Moreover, the customer support service of the FXTM is offered in multiple languages. 

Pros and Cons to trade with FXTM 

Pros to trade 

• The broker provides the best educational tools. 
• It will be easy to open a trading account with FXTM. 
• It is regulated by the UK’s Financial Conduct Authority (FCA) Cyprus Securities and Exchange Commission (CySEC). 
• The broker also offers a demo account for the investors. 

IS FXTM Scam: Regulations

FXTM is the legit broker in the market because it is Regulated and approved by the UK’s Financial Conduct Authority (FCA) Cyprus Securities and Exchange Commission (CySEC). Furthermore, the trader’s money is completely safe and secure with Etoro because they use the upgraded technology to secure the amount. 

The platform which the FXTM offers is excellent for the newcomers as well as an advanced level of the traders. The broker offers three types of trading accounts and all the accounts have a variety of features and services. The brokerage firm is also a Member of the Financial Services Compensation Scheme (FSCS).

FXTM Trading Account Types

The brokerage company offers three types of trading accounts: Spread Betting, CFD Trading, and Active Trader account. 

Spread Betting Trading Account 

• The minimum deposit is required $/€/£ 50, ₦10,0001.
• The spread starts from 1.53
• In this trading account, the trading instruments is FX, Metals, Commodities, FX Indices, Stock Baskets.
• The broker offers commission-free trading to all the investors. 
• A trader can trade on the MetaTrader 4 platform for trading.
• The base currencies are US Cent / EU Cent / GBP Pence / NGN kobo1.
• Leverage / Margin Requirements is FX – 1:3 to 1:1000 (fixed), Metals – 1:500 (fixed).
• Margin call of 60%. 
• Stop-loss option of 40%.
• Instant Execution  
• The broker doesn’t charge the swap fee from the investors. 
• Limit & Stop Levels is 1 spread.
• Minimum Volume in Lots per Trade is 0.01
• The Maximum Number of Orders is 30.
• The maximum Number of Pending Orders is 100.

 CFD Trading Account

• The minimum deposit is required $/€/£ 500, ₦80,000 
• The spread start from 0.0
• In this trading account, the trading instruments are FXMetals, Commodities, Indices, FX Indices, Stock Baskets, Stock CFDs (only MT5), Stocks (only MT5).
• The broker charges a commission average of $0.40 – $2 based on volume. 
• A trader can trade on the MetaTrader 4 as well as MetaTrader 5 platform for trading.
• The base currencies are USD / EUR / GBP / NGN. 
• Leverage / Margin Requirements is Up to 1:2000 (floating). 
• Margin call of 80%. 
• Stop-loss option of 50%. 
• Market Execution 
• The broker doesn’t charge the swap fee from the investors. 
• Decimal Quotes on FX and Metals is FX: 5 decimals (3 on JPY pairs), Metals: 2 decimals for XAUUSD, 3 decimals for XAGUSD. 
• Minimum Volume in Lots per Trade is 0.01
• The maximum Number of Orders is unlimited.
• The maximum Number of Pending Orders is 300.

 Active Trader accounts

• The minimum deposit is required $/€/£ 500, ₦80,000. 
• The spread starts from 1.5
• In this trading account, the trading instruments are FX, Metals, Commodities, Indices, FX Indices, Stock Baskets, Stock CFDs (only MT5), Stocks (only MT5).
• The broker doesn’t charge a commission on trading. 
• A trader can trade on the MetaTrader 4 as well as MetaTrader 5 platform for trading.
• The base currencies are USD / EUR / GBP / NGN. 
• Leverage / Margin Requirements is Up to 1:2000 (floating). 
• Market Execution 
• Margin call of 80%. 
• Stop-loss option of 50%. 
• The broker doesn’t charge the swap fee from the investors. 
• Decimal Quotes on FX and Metals is FX: 5 decimals (3 on JPY pairs), Metals: 2 decimals for XAUUSD, 3 decimals for XAGUSD. 
• Minimum Volume in Lots per Trade is 0.01
• The maximum Number of Orders is unlimited.
• The maximum Number of Pending Orders is 300.

FXTM Account Opening

FXTM is one of the best financial brokers in the market. But on the other hand, before starting to start trading, a trader has to deposit the minimum amount of money into the trading account that is $10. So a trader needs to follow a few steps to start trading with FXTM. 

• In the first step, a trader has to apply on the official website of the FXTM and in filling the application form, a trader puts in all the personal information such as name, age, address, country, etc. 
• A trader has to answer the questionnaire’s answers, which is asked by the FXTM related to the trading plan and goals. 
• After that, a trader has to verify their trading account with the help of a government ID card. It is one of the essential steps before starting trading with FXTM. 
• In the last, deposit the initial amount of money into the trading account that is $10.

FXTM Trading Platform

The brokerage firm offers two types of trading platforms like MetaTrader 4 and MetaTrader 5. 

MetaTrader 4 platform 

It is the best trading platform that the broker provides for trading. And has all types of trading tools and indicators that are important to predict the market situation in future. 

What are the features of the MetaTrader 4 platform?

• Instant real-time quotes
• Multiple timeframes
• 3 chart types
• Real-time interactive charts
• All trade orders available
• All execution modes available
• Over 30 technical indicators

MetaTrader 5 platform 

It is the professional trading platform that is offered by the FXTM for trading. Generally, this type of trading platform is used by the Advanced level of investors. 

What are the features of the MetaTrader 5 platform?

• A Powerful trading system, including Market Depth. 
• Unlimited number of charts and 21 timeframes
• Built-in technical analysis tools
• Chat with registered MQL5.community members
• Financial news, alerts and push notifications
• Extended version for tablets

FXTM Trading Instruments

FXTM offers various trading instruments, including CFDs instruments, including forex, cryptocurrency, Shares, Indices, Commodities, etc. 

Forex

• Massive market liquidity
• The market is open 24/5 – trade any time that suits you.
• Low minimum deposits

Commodities

• Easier access to popular commodity markets
• An excellent way to diversify your portfolio
• Low margin requirements

Indices

• It can be traded long or short to suit your trading strategy
• Enjoy the flexibility of long trading hours
• Great for portfolio diversification

Metals

• Widely regarded as potential safe havens
• Good for diversifying your trading portfolio
• Popular assets during times of volatility

FXTM Commission & Spreads

• The brokerage giant charges low forex fees from the investors. 
• FXTM has a low financing rate. 
• The broker firms charge the inactivity fee from the investor if the trader is inactive in the market for a particular period of time. 

FXTM Leverage

The brokerage offers the maximum leverage of 1:1000 and minimum leverage of 1:10.

FXTM Deposit and Withdrawal

• The deposit and withdrawal option of the FXTM is via Credit Card, Neteller, Skrill, Wire Transfer. 
• The broker doesn’t charge any commission while depositing the money into the trading account. 
• The broker provides a quick deposit and withdrawal – within 3 days.
• The base currencies are EUR, GBP, USD, NGN.

FXTM Of Educational and Research Support

• The broker provides the best Demo account to the trader for practicing the trading.
• The broker also provided a trading platform tutorial to the investors. 
• A trader has a variety of educational videos. 

FXTM Customer Support

The customer support service of the FXTM is amazing for the investors because it gives the best solution to the traders, which is helpful for the traders. Moreover, the customer support service provides services in multiple languages. 

Email: [email protected]

Phone: +44 (0) 2073984050 / +44 (0) 8001456477 (UK Customer Service) 

Address: UK Head Office: 20 Gresham Street, 4th Floor, EC2V 7JE, London, United Kingdom.

Final Verdict

FXTM is one of the best financial brokers in the market. The brokerage giants offer a variety of trading tools and indicators for trading. The investors of the FXTN give positive feedback towards the market. FXTM is regulated by the UK’s Financial Conduct Authority (FCA) Cyprus Securities and Exchange Commission (CySEC).