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Wide Range of Trading Instruments

Unparalleled Trading Conditions

Globally Licensed & Regulated

Protection of Funds

Committed to Forex Education

Regular Contests & Promotions

Account Types

FXTM broker overview

The rating of Forex brokers is regularly changing with the advent of new dealing centres, which thanks to unique offers lure traders to their side. The modern platform providing intermediary services in the currency market is FXTM, which has managed to win the reputation of a reliable dealer. This review offers a closer look at its features and feedback from real users.

 

FXTM broker overview1

 

Year of foundation: 2011

Official website: forextime.com

Address: Cyprus

Minimum deposit: 5$

Minimum rate: 1$

Contacts: Phone: +44-20-3734-1025; E-mail: [email protected]

Regulator: IFSC

Ways of deposit/withdrawal: WebMoney, Qiwi, Yandex.Money, Plastic cards Visa and Mastercard, Bitcoin, Electronic wallet Skrill, electronic payment system Neteller, bank transfers Wire Transfer

Broker type: NDD, ECN

Spreads: 0.4

Maximum leverage: 1: 1000

Asset types of Currency pairs: cryptocurrency, metals, contracts for difference

Account currency EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/RUB, USD/CAD, EUR/CHF, EUR/JPY, EUR/AUD, EUR/CAD, EUR/GBP, EUR/NZD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, USD/MXN, USD/NOK, USD/CLP, USD/TRY

Weekend work: Yes

Mobile application: Yes

Availability of indicators: Yes

Availability of education: Yes

Company history and regulation

ForexTime brokerage company is in demand among beginners and experienced traders; it appeared in 2011. The activity of the dealing centre is licensed and controlled by IFSC. Brokerage services are provided through the official internet portal www.forextime.com/ru. ForexTime online platform offers a vast range of tools for trading, various types of trading accounts, training and analytical material. Investment programs are especially in demand. Also, FXTM is continuously engaged in sponsorship activities and in 2017 was an official partner of the Sahara Force India team on Formula-1.

Conditions for trading on Forex

The brokerage firm, under consideration, is known among professional traders due to favourable trading conditions. At the same time, newcomers have a different opinion, which is tirelessly demonstrated in reviews on thematic forums. Despite this fact, the following features should be noted:

  • Web-terminals: MetaTrader 4, MetaTrader 5.

  • Mobile trading: application for gadgets based on Android and iOS.

  • Minimum deposit: 5 dollars (for Cent accounts), 100 dollars (for other accounts).

  • Minimum bid: 0.01.

  • Types of trading instruments: currency pairs, crypt currency, metals, CFDs.

  • Available demo account.

  • Investment programs: PAMM service.

  • Technical support: 24/7.

 

FXTM broker overview2

Registration on the site: how to open an account

Forex trading account with the help of a broker is impossible without creating an account on its website. That is why the client needs: Visit the web-portal www.forextime.com/ru. Click on the green button "Register" in the top menu of the main page. In new window to fill the form, indicating name, surname, country of residence, mobile phone, e-mail address and invented password. PIN-code will be sent to the phone to confirm data, which should be entered in the appropriate field. To complete the procedure, click on the "Registration" button.

Account types: how to deposit

The main feature of FXTM dealing centre, which is noted by most traders in their reviews, is the presence of 6 trading accounts such as Standart and ECN. Each of them has several unique features, which can be found in the comparative table.

 

Account type

Standard

Cent

Account type for trading equities

ECN

Zero

FXTM Pro

Terminal

MetaTrader 4

MetaTrader 4, MetaTrader 5

Monetary unit of account

American dollar, euro, pound sterling, Nigerian naira

American dollar, euro, pound sterling, Nigerian naira

Minimum deposit

100 USD/100 EUR/100 GBP/20000 NGN

5 USD/5 EUR/5 GBP/1000 NGN

100 USD/100 EUR/100 GBP/20000 NGN

500 USD/500 EUR/500 GBP/20000 NGN

200 USD/200 EUR/200 GBP/20000 NGN

25000 EUR/25000 GBP/25 000 USD

Tools for trading

currency pairs, metals, crypt currencies, CFD

currency pairs, metals

CFD on stocks

currency pairs, metals, CFD

currency pairs, metals, CFD

currency pairs, metals

Minimum rate

0.01

0.01

0.01

0.01

0.01

0.01

Leverage

fixed (1:1000)

fixed (1:1000)

fixed (1:10)

floating (from 1:1000)

floating (from 1:1000)

floating (from 1:200)

Spread

float (from 1.3 points)

float (from 1.5 points)

float (from 0.1 points)

from 0.1 points

from 1.5 points

from 0 points

Margin Call

40%

60%

40%

80%

80%

80%

Stop Out

20%

10%

20%

50%

50%

50%

 

To perform financial operations on the website of the broker, provide its services to a wide range of providers. You can replenish your balance on the FXTM platform by using:

  • Maestro, Mastercard and Visa bank cards;

  • electronic wallets WebMoney, Yandex.Money, Bitcoin, QIWI, PerfectMoney;

  • payment systems FasaPay, Neteller, Crypto, Skrill.

It should be noted that the duration of crediting funds to the account depends on the selected payment service. For example, when using a bank transfer or Bitcoin electronic payment, the transaction period may vary from 1 to 5 business days. Besides, there is an individual percentage of commission costs for each deposit method. These costs can be found on the official website of the broker in the Trading Accounts section. 

Over 2 million people worldwide have chosen a global leader in online financial trading & investment.

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Acquaintance with the trading platform

Trading on the international currency market with the help of the broker is carried out with the use of several trading and information terminals, which work in a browser, desktop and mobile modes. Among them: 

MetaTrader 4. A multifunctional and convenient terminal, which is used by most Forex brokers. It features a wide variety of trading instruments, indicators and analytical options. The platform can be downloaded to a laptop or desktop PC or installed as a mobile application on a tablet with Android or iOS operating system.

MetaTrader 5. An innovative terminal that provides access to liquidity providers using ECN and STP technologies. Like the previous MT5 platform, it can be used for mobile trading and is distinguished by the availability of a more extensive list of instruments for trading and market analysis.

 

FXTM broker overview3

WebTrader. This is a service that operates in real-time. It has certain advantages, in particular adaptation to any computer operating system. At the same time, it has some disadvantages, namely, the absence of some indicators.

For trading on the international currency market, the broker provides a huge choice of financial assets:

  • 56 currency pairs: EUR/CHF, EUR/USD, USD/JPY, EUR/GBP, USD/HKD and USD/NOK;

  • Two spot metals: gold and silver;

  • 45 CFDs on stocks, four crypt currencies: BitCoin, LiteCoin, Ripple, Ethereum;

  • Three energy resources: natural gas, WTI and Brent oil;

  • Eleven stock indices: Japan 225, UK 100, Spain 35, US Tech 100, Europe 50 and others.

Refer a friend to earn 50$ each.

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