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FXTM Broker Review

January 17, 2023

FXTM highly puts importance on order execution speed. This broker also provides floating spreads with a minimum deposit of only $10 and leverage of up to 1:1000.

Established in 2010, FXTM currently has representative offices in various countries. FXTM became one of the world's leading forex brokers in just a few years.

Being under the auspices of the company ForexTime Limited, FXTM has a license from the Securities and Exchange Commission (CySEC) of Cyprus with license number CIF 185/12, from the Financial Sector Conduct Authority (FSCA) of South Africa with FSP number 46614, and is also registered with the Financial Conduct Authority England with the number 600475.

FXTM strives to provide the best trading experience for its clients. According to Pricewaterhouse Coopers Limited (PwC) verified statistics, new client approval at FXTM takes less than 12 minutes, more than 84 percent of funds are processed in 5 minutes, and 90 percent of clients leave positive reviews.

Therefore, it can be concluded that FXTM values ??the client's time and trust. The speed of order execution from this broker is worth considering, an average of around 200 milliseconds or less. That way, traders don't have to worry about what could prevent them from getting the best price.

FXTM also offers an interesting program, namely Switch to FXTM. The program is intended for new traders transferring from other brokers. Traders who are dissatisfied with their old broker and then join FXTM have the opportunity to receive bonus credits of up to 30 USD.

Moreover, FXTM has developed a comprehensive and comprehensive educational program. This client-focused broker also creates various ways to impart effective trading knowledge to its clients through webinars, videos, articles, workshops, and seminars.

Broker Name FXTM, ForexTime
Broker type ECN/STP
Website Click here to visit FXTM's official page
Company ForexTime Ltd
Founded On 2010
Headquarters FXTM maintains offices in various locations around the world
Customer service live chat and phone (2:00 am-8:30 pm GMT+2 or GMT+3 during DST)
website language More than 18 languages, including Indonesian.
Deposits And Withdrawals Bank Wire, debit/credit card (Visa, Mastercard, Maestro), e-payment (Neteller, Skrill, Crypto, Webmoney, Dixipay, Cash U, Perfect Money, Bitcoin), local bank transfer (via exchanger), Fasapay
Trading platforms Metatrader4 and Metatrader5 for PC and mobile
Trading instruments More than 120 asset types, including major, minor, and exotic currencies; Gold and Silver, CFDs on commodity (oil) futures, also CFDs on ETFs, stock indices, and individual stocks.
Spreads Floating and fixed
Minimum initial deposit From 10 USD/EUR/GBP (cent account)
leverage Available up to 1:1000 (floating)
Minimum Lots 0.01
Swap-free Account ??
FXTM Hedging ??
Scalping ??

 

FXTM Benefits

  • FXTM Titans Trading Contest
    FTXM offers free trading contests on demo accounts. With a total prize pool of 40,000 USD, the contest lasts 4 rounds and awards prizes to 5 winners in each period.

  • FXTM Loyalty Cashback
    FXTM is showing respect for its loyal clients by launching the Loyalty Cashback program. Not only old FXTM clients but also new clients have the opportunity to take part in this program by simply depositing in any FXTM live account. The higher the value of the client's deposit, the rebate you get will automatically upgrade higher too.

  • Switch To FXTM
    Forex Broker FXTM provides credit bonuses of up to 30 USD for new traders transferring from other brokers to trade. The promotion called "Switch To FXTM" is intended for forex traders who are dissatisfied with their current brokerage services to move their trades to FXTM. Even more reasons to sign up with FXTM.

 

FXTM Advantages

  • Licenses, Regulations, and Speed ??of Execution
    FXTM is a licensed and regulated broker in various regions. In addition, clear segregation of client funds is enforced at the top-tier banks. Execution speed (averaging around 200 milliseconds or less), strong attention to the security of funds, and excellent customer service have all been instrumental in FXTM's success.

  • Various Account Types
    Many different types of accounts are specially made to meet the needs of traders, from Cent accounts for beginners, and many others for Pro traders. A swap-free option is also available.

  • Many seminars and workshops
    FXTM's partners have sponsored many seminars and workshops in Indonesia. In addition, there are in-depth fundamental analyses, articles, and videos from the Market Research Team which have been frequently cited by well-known media outlets (including Bloomberg, CNBC, and Reuters).

 

FXTM Achievements

FXTM has repeatedly won international awards thanks to all these advantages. Among them: Best Trading Conditions 2018 (World Finance), Best FX Broker Asia 2018 (World Finance), Best Forex Broker Russia 2018 (FXDailyInfo), Most Innovative Broker 2018 (FXEmpire), Best Sell-Side Analysis Contributor (FXStreet Awards, 2016), Most Trusted Broker (MENA 14th, 2015), Best Broker and Affiliate Program (Forex Report Awards, 2015), and Fastest Order Execution (Forex Traders Award, 2015).

Education

1. What Is Forex? 2. Why Does Forex Market Exist? 3. What Drives the Forex Market? 4. Why is Forex Trading Popular? 5. Can I Get Rich in Forex? 6. Are You Curious? Want to Discover More about Forex Trading? Meet Demo Acount! 7. I'm a Newbie, How to Master Forex Trading? 8. What Forex Knowledge Should I Conquer? What Are the Steps to Go Thorugh the Journey? 9. What are Software and Glossaries in Trading Forex? 10. How to Read the Forex Market? 11. How to Practice Forex Trading? 12. How to Ride on the Forex Wave? 13. How to Prepare Basic Trading Requirement? By the Demo Account? What about the MT4/MT5? 14. What is Bid-Ask Spread? 15. What is Pip? 16. What is Lot Size 17. What is Leverage in Forex Trading? 18. What is Margin? 19. When to Trade Forex? 20. What is the Most Dominant Market in Forex? How is the Characteristic? 21. What is Chart in Forex? 22. What is Candlestick? Why is It the Most Popular Chart in Forex? 23. What is Technical Analysis? 24. What is Fundamental Analysis? 25. What are MT4 Indicators and How to Use Them? 26. What is Risk in Forex? 27. What is the Psychological Effect in Forex Trading? 28. How to Compile a Strategy Template? 29. How Long Should You Practice in a Demo Account? 30. When Do I Need to Start Learning about Brokers? 31. What Exactly Does a Forex Broker Do? 32. Can I Trade Forex without Broker? 33. How Much Money Do You Need to Trade in Forex Brokers? 34. How to Choose a Good Forex Broker? 35. What is Regulation? And Why Should Regulation Exist? 36. Why Should You Choose Forex Brokers with Top-tier Regulations? 37. How to Choose Forex Brokers Based on Your Need and Where You Are From? 38. What Brokers Should You Avoid? 39. Is There Any Broker Scam in History? How Bad Is It? 40. What are the Most Popular Brokers in The World? 41. What are the Best Brokers For Entry-Level Traders? 42. What are the Best Brokers for Traders with Minimum Deposit Capabilities? 43. Which Broker Provides a Demo Account and Easy Setup? 44. Which Broker Provides Easy Registrations? 45. What and How to Deposit on Forex Brokers? 46. What and How to Withdraw from Forex Brokers?
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