FXTM

FXTM stand for Forex Time, which is an online broker, regulated by the leading regulatory agencies CySec, FCA and MiFID. It is a brand belongs to the Trading Point Holding Ltd. This company was situated in Limassol, Cyprus and certified under the reference number 600475. It was introduced in the year 2012, by the Andrey Dashin. It has been rewarded through many awards such as “Fatest Growing Forex Broker” and “Best Newcomer 2013”. The reason behind its huge success is that its commitment towards its traders for offering them first class trading services.

Trading Platform

At FXTM, traders can perform trades on either MetaTrader 5 or MetaTrader 4 platform. They can access to these trading platforms through both the web-based and download version. Those who like to trade through their mobile phones can simply install the mobile mode of both the trading platforms. The team of FXTM has really worked hard to provide their traders the most convenient and user-friendly trading platforms. FXTM gives two more trading platforms for those expert traders who like to have great spreads such as ECN MT5 or ECN MT4.

Types of Trading Accounts

FXTM gives a great flexibility to their traders in terms of choosing the trading account. All the trading accounts are divided into two main categories, one is standard accounts and other is ECN accounts. The standard accounts are further classified into the FXTM Cent, FXTM Standard and FXTM Fixed Spread. Similarly, the ECN accounts are also categorized into FXTM ECN MT5, FXTM ECN ZERO, FXTM ECN and FXTM ECN ZERO Amanah. The best thing about this broker is they have not set any deposit requirement for the traders. Traders can simply start with the amount which they are comfortable with.

Spreads and Commissions

The spreads offered at FXTM relies on the sort of account used by the trader. For the standard FXTM trading accounts, it ranges from 0.1 pips. The spreads are fixed for the FXTM Cent and FXTM Fixed Spread that is 2.1 pips. For ECN accounts, there is no spreads are collectible, however traders are obligatory a compensation for services created. The rate totally relies on the degree of trades occurred.

Withdrawal Limits

Withdrawals are generally processed within 24 hours for credit cards and e-wallets transactions. And Bank cords could assign to five operating days. A minimum withdrawal quantity is not specified, but there will be charges for each transaction made by the traders.

Demo Account

Traders will get access to a $100,000 free and unlimited demo accounts. Plenty of the tutorial content on ForexTime is restricted to temporary tutorials on the web site. So, the traders can start their trading career through free demo accounts before switching to the real money account.

Investment Warning: Trading shares with foreign exchange online is a risky task so read all terms and conditions before investing in any company/share or closing any contracts. There is a possibility that you would have to bear a loss in excess of your deposited amount with your broker, so choose your broker wisely and invest smartly in profitable company/shares.

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