Forex Time or better known as FXTM was formed in 2012. Since then it has been offering world class trading services to its clients based in all over the globe. Although, it’s not been so long since the broker started its operations, however, during this short span of time it managed to win several industry awards due to its unmatchable trading conditions. It was declared as one of the best forex brokers in 2013.
The broker is fully authorized and regulated by the IFSC and FSB, Belize. It is based in Cyprus. It has its sub-offices located in different parts of the world.
The broker offers three types of accounts in two different categories including standard and ECN. Standard accounts include standard, cent, and shares account, whereas ECN category includes an ECN, ECN Zero, and XTM ECN account. The broker doesn’t bound its customers with any requirement concerning the minimum or maximum deposit. The broker offers a generous leverage of up to 1:1000 and 1:500 in standard and shares accounts respectively. On the other hand, the leverage stays same in cent accounts with an exception of 1:25 for spot metals.
Note: Protecting the right of all stakeholders, the broker also offers a swap free account or in other terms an Islamic account for those who practice Islamic Shariah laws.
At FXTM, traders can also open demo accounts. Demo accounts are offered for a reason, the very basic reason is to encourage reluctant traders who are afraid of losing their money in all of a sudden. Such traders are welcomed to open a demo account, learn and practice different trading strategies and build their confidence without risking the real money. Experienced traders can also use demo accounts offered by FXTM to polish their trading skills.
In addition to trading in a wide range of financial assets including but not limited to stocks, forex, metals, CFDs and indices, the broker has several advanced features in place such as one-click trading, trailing stops and special charting tools.
Account management services such as PAMM and MAM are available at FXTM to help money managers earn more profits with a minimum risk exposure. The broker allows trading in Chinese Yuan as well – a unique currency not offered by a majority of forex brokers.
The broker occasionally runs bonus and other promotional campaigns. Recently, a 20% bonus was being offered by the broker on a deposit of $150. Traders switching from other brokers to FXTM are offered $4 as a money back on each traded lot. The broker also holds contests to give away exciting prices to its customers occasionally.
The broker has an educational tab available on its official website where relevant material is posted regularly to enable clients learn and educate themselves concerning different aspects of forex trading. The broker also holds seminars to create awareness amongst people so more people may join the exciting world of forex trading and contribute towards the betterment of the global economy. It also offers free webinars to help people learn forex trading fast. Video tutorials are also available so traders can understand better.
The broker offers a wide range of deposit and withdrawal methods to its clients including but not limited to credit cards, debit cards, Skrill, Neteller, bank transfers, web money and other local payment methods. Withdrawals are usually processed within 24 hours at FXTM.
The company provides excellent customer support to its customers round the clock. A team of professional customer support executives makes sure to provide all the necessary information that customers may seek at FXTM’s platform. The company can be contacted using various channels including telephone, email and live web chat.
After a careful review of FXTM, we hereby conclude that it is a legitimate broker offering commendable trading services to its clients. The website of the broker is well designed and contains each and every piece of information a trader may wish to look for. Availability of demo accounts, a wide range of tradable instruments and several types of accounts altogether with excellent customer support definitely makes it to be good forex broker.
FXTM offers three different platforms: MetaTrader4, MetaTrader5 and Web based trade.
MT4 is the world’s most popular trading platform that provides you all neeeds for online trading at once. On a single platform there is a convenient complex of analytical technologies and great trading tools which lets traders implement their trading strategies as they wish.
MT5 is MT4 new version, which lets traders trade directly with liquidity providers usin ECN tech and STP. It also has new features that help analyzing markets, in addition to all features of MT4.
WebTrader is a web platform with no download required, on desktop and mobiles as one. It also support MT4.
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