FXTM, also known as ForexTime, is a global broker specializing in trading and investing services in the foreign exchange market, commodities, indices, stocks, and more. Since its establishment in 2011, FXTM has grown rapidly, serving retail and institutional clients from over 180 countries worldwide. The company is known for its strong emphasis on education and market research, aiming to empower traders of all experience levels.
Regulation and Safety
FXTM is highly regulated by several financial authorities, showcasing its commitment to high ethical standards and client protection. These authorities include:
- The Cyprus Securities and Exchange Commission (CySEC)
- The Financial Conduct Authority (FCA) in the UK
- The Financial Sector Conduct Authority (FSCA) in South Africa
- Other local regulatory bodies in jurisdictions where they operate
Trading Platforms
FXTM offers a choice between the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, accommodating the needs of both novice and experienced traders. Both platforms are available for desktop, web, and mobile use, ensuring flexibility and convenience for traders on the go.
Account Types
FXTM provides a variety of account types to suit different trading strategies and preferences, including:
- Standard Account: Offers fixed and floating spreads without commissions.
- Cent Account: Designed for small depositors and novice traders.
- ECN Accounts: Includes several ECN options offering tight spreads and a commission-based structure for more experienced traders.
- FXTM Invest: Allows less experienced traders to follow the strategies of more experienced traders through copy trading.
Educational Resources and Support
The broker places a strong emphasis on education and support, offering:
- Comprehensive educational resources, including articles, e-books, webinars, and seminars.
- Daily market analysis to help traders stay informed of the latest market trends and opportunities.
- A dedicated customer support team available in multiple languages through live chat, email, and phone.
Spreads, Leverage, and Commissions
- Spreads at FXTM start from very competitive levels, especially in the ECN accounts.
- Leverage can be as high as 1:2000 for certain account types, though it varies by region due to regulatory restrictions.
- Commissions are charged on some ECN accounts but are generally reasonable and in line with industry standards.
Summary
FXTM stands out for its comprehensive educational resources, wide range of account types, competitive trading conditions, and strong regulatory framework. It caters to traders of all levels across the globe, making it a popular choice among individuals looking to trade in the financial markets. As with any trading platform, potential clients should conduct their own research to ensure it meets their individual trading needs and objectives.
For more info visit their website here