For example, the forex market in London is active from 3 AM to 12 noon; in New York it’s 9 AM to 5 PM; in Sydney it’s 5 PM to 2 AM, and the Tokyo market is open from 7 PM to 4 AM (all https://forexarena.net/ times GMT). Response times were quick, with an initial response to a live chat query made via the website followed up within two minutes. The virtual private sever ensures Expert Advisors, for example, will run without technical disruption. The solution also provides optimal connectivity with minimal order delays.
- Thanks to server authentication and user identification processes, FXTM ensures data goes to the proper server and customer terminal.
- I judged that FXTM is transparent in areas of regulation and fees.
- Trading with FXTM via MT4 gives you access to multi-device functionality and easy-to-read interactive charts.
- You follow the FXTM traders, known as strategy managers in this case, with the risk management principles and system that align with your expectations.
- In relation to any transaction, FXTM will either be on the other side of it as a principal or act as an intermediary.
FXTM Broker Review 2024
Each account type allows clients to focus on different asset classes, as well as offering different spread and commission price models. You can view the full comparison of FXTM Standard vs ECN Accounts or read the quick summary below. FXTM allows traders to expand their forex trading knowledge thanks to a plethora of educational content. The market analysis and education sections of their website are some of the most in-depth that we’ve come across. FXTM offers a fxtm broker review wide range of in-depth guides covering practical topics.
FXTM Account Opening Process
I had to withdraw part of my money, and I had difficulties with the procedure. The account manager, Najib Atallah made exceptional efforts to help me out. He understood my situation, articulated to me why there is difficulty from FXTM’s side, and listed to me the various options I have. Then worked with me and the Backoffice relentlessy to get things resolved.
What platforms does FXTM offer?
Whilst the majority of you would probably get by with the platform tools, it is always nice to have some more at your disposal and helps the broker standout form the competition. If tools are important to you, Markets.com have a great selection. FXTM is a good pick for active day traders with fast order executions, ECN accounts, tight spreads, and a VPS to run automated strategies. Clients can also day trade on the popular MT4 platform and mobile apps.
Opening an account with FXTM
Here you will have access to a wide range of video guides, tutorials, ebooks, and blog posts updated regularly to help you along the process of developing your forex trading skills and knowledge. The broker also offers a range of ECN accounts which are available starting from a much lower spread, in some cases from 0 pips, though a commission starting at $2 per lot traded is applied. If you are a more experienced, or high volume trader, then an ECN account type may be the right choice for you.
Is FXTM Good For Day Trading?
The ability to trade on MT4, MT5, and a robust proprietary platform, plus the copy trading feature, further cement our recommendation for FXTM. FXTM has a convenient trading glossary that lists hundreds of terms in alphabetical order. For further education, there are articles that take a closer look at concepts like Forex signals, CFDs, and more.
The Company does not interfere with Clients’ trading activity, nor does it manipulate the prices received from its Liquidity Provider. This goes against both regulation and our corporate ethics.Kindly send us an email to with your MyFXTM number, trading account number and all the information regarding the aforementioned situation. We will be glad to check everything and provide you with a detailed response. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. FXTM has a robust educational offering, with guides, video content, and ebooks to help provide clients with a solid foundation of market knowledge.
I like the desktop platform as it has the most functionality, including automated trading. The web version is great as it runs directly in your web browser and is always up to date. The mobile trading app is perfect if you need to trade on the go from multiple locations. All profiles offer access to fast execution speeds, a minimum order level of 0.01 lots and flexible leverage. Trading successes does not depend on the opinion of one person. It is based on the application of your information, and experience as a trained trader.
We may receive compensation when you click on links to products we review. Customer support responded quickly when we contacted them, and we found the support team to be knowledgeable and ready to answer our questions. If you prefer, you can also browse the broker’s comprehensive FAQ guide before reaching out to an agent. All ECN type accounts allow for unlimited orders and unlimited volume in lots of orders with up to 300 pending orders.
They have strict regulation in multiple jurisdictions and offer a wide range of over 250+ trading instruments across multiple markets and intuitive platforms for desktop, web and mobile devices. The broker puts great emphasis on education whilst offering a flexible selection of trading accounts and convenient funding methods to suit different types of traders. Furthermore, I found them to have very competitive trading conditions including tight spreads, low commission fees and rapid trade execution speeds. I like that you can get access to plenty of tools to enhance your overall trading experience and excellent customer support. FXTM is committed to educating traders, with a thorough and extensive educational centre that includes free eBooks and videos. They cover a wide range of topics for all levels of traders including trading strategies, trading tools, technical analysis and more.
