Friday , December 15 2017
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FXTM Review

There has been a massive war between the brokers in terms of quality service and dedication. Though there are lots well-repeated brokers in the financial industry but it’s highly imperative that you chose the right broker which tends to meet your requirements to the full. For instance, XYZ broker can be very popular among the long-term traders but it has no place at all among the short-term investors. To be precise you must know your trading style very well and pick such a broker who tends to provide the best possible environment for your style. In today’s world forex time is such a broker who has been proving quality service to the traders among the different parts of the world.

fxtm-logoBack in 2012, this broker started its premium service to the retail traders. From the very begging of their inauguration, they have precisely maintained top quality trading service and professionalism. Though this broker was relatively new compared to other highly established broker but it gained public trust within a very short period of time by their quality service. Many traders consider this broker as one of the best commodity trading brokers due to its top quality trade execution and precise market feed. Trained professionals are constantly working hard to develop their trading service and bring necessary changes in their provided trading environment for better efficiency and trading result. To be precise they value their customer with a great level of importance and they know in order to survive in the dynamic market they must bring positive change before the others. Let’s see the detail review of this broker which will give a clear insight about their professional service in the finance industry.

Basic Information

Establishment date: 2012
Regulations: CySEC, IFSC,CIF license 185/12 (2012).
Bonus: For every lot traded $2 is added to the account
Minimum Deposit: $1
Max leverage: 1000:1 forex
Spread: Variable
Minimum lot size: 0.01
Order type: Market order, limit and stop orders, entry order and once cancel the other orders
Advanced resource: Streaming news feed and place trade over the phone
Currencies: USD, EUR,GBP
Trading Platform: MT4, MT4 Mobile, MT5 (Support Android and IOS)
Countries: Accept all countries except the USA
Customer Support: Languages:Multilingual

Pros:

  • Their customer support is excellent and takes prompt action regarding any issue
  • Traders are allowed to do hedging and scalping
  • Regulated by many different overseas bodies and trusted by millions
  • They always give competitive promotional offers.
  • Premium trade copy service available

Cons:

  • Exotic pairs are restricted to swap free trading account
  • Minimum 25k account balance is required for interbank rate spreads
  • Traders need to open separate share account for CFDs trading
  • Only Metatrader trading platform is provided by them

Binarys Rating:

5 stars

Account opening

Open a live trading account with FXTM is pretty simple. Traders need to fill a simple signup form with the basic details about themselves. Once the signup process is completed, a valid photo id and a utility bill are required for the account verification process. This step is a little bit complex since the FXTM professional is extremely cautious about account verification method. Once the account is verified traders are allowed to start live trading with the minimum deposit of $1. If you think that you are not yet ready to trade the financial instrument then you can always enjoy the demo facility provided by the FXTM experts. The demo trading environment is as good as the live trading platform. There is no expiry date of their demo trading account and you trade with the unlimited virtual dollar and learn the forex trading with a great level of accuracy without even investing any real money.

Opening a Live Account with FXTM

Account types

Choosing the right account is very much important for a successful trading career. Professional traders chose their trading account based on their initial deposit and level of expertise. The FXTM provide a wide range of accounts to the traders. Traders can easily pick the best possible trading account and even migrate to another account with some few simple clicks. The prominent account provided by the FXTM are

  • Standard Account
  • Cent Account
  • Shares Account
  • ECN Account
  • ECN MT5 Account
  • ECN ZERO Account
  • ECN Strategy Account
  • FXTM Pro Account

Education materials

The forex time broker also provides quality training materials for the retail traders. Though the educational stuff is not sufficient but yet they are good enough to give you the clear understanding about the forex market. The also hold a webinar to help the traders to develop the technical and fundamental analysis. The best thing about their educational stuff is their forex trading circle portal. This helps the traders to gather knowledge from professional traders regardless of their trading experience and knowledge.

Customer Service

This is one of the best section of the FXTM. They have been providing quality customers support to their client from the very beginning of their foundation. The have extensive localized chat representatives who can clearly understand your queries and come up with the best solution within the shortest possible time. Along with the live chat support, they also provide quality email and telephone support to their valuable client. Many times they take responsibility to call back to their client when any existing issue gets resolved.

Summary

By now we know most the key parameters of this broker. Considering all the parameters, FXTM is not a bad choice at all. Many professional traders consider this broker as one best service provider in the finance world. Starting from the new traders ending with professional, both the groups are highly satisfied with the quality service provided by this broker. However, they should work with the different trading platform since they are currently stuck with MT4. Advanced charting software like C trader and ninja trader will definitely uphold the value of this broker the professional traders.

FTXM Website

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