<p>Hey there, fellow traders and financial enthusiasts! Today, we're diving into the world of Forex and CFD trading with <a href="https://www.forextime.com/" rel="noopener noreferrer" target="_blank">FXTM</a>, one of the top dogs in the industry. Whether you're a seasoned pro or just dipping your toes into the world of online trading, this ForexTime review is going to be your go-to resource for everything you need to know about FXTM.</p><p><br></p><p><img src="https://cdn.forexoverflow.io/images/1697751974127-cib0tjlkpy4zlu1-fxtm.png"></p><h2><br></h2><h2><strong>About FXTM</strong></h2><p><br></p><p>FXTM, also known as ForexTime, has been around since 2011. Their mission is to bring financial market opportunities to retail investors worldwide. They've expanded their reach, and now they're a global leader in online trading, serving clients in 180 countries.</p><p>They've earned recognition with over 25 industry awards, and their regulatory oversight across all jurisdictions ensures a transparent and accountable operation.</p><p><br></p><h2><strong>Exploring FXTM: </strong></h2><p><br></p><p>Picture this: you're looking for a broker that offers a wide array of trading opportunities, and FXTM doesn't disappoint. With over 1000 instruments spanning across various global markets, they've got you covered. Here's a glimpse of what they bring to the table:</p><p>·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<strong>Indices: </strong>Speculate on 17 of the world's largest stock indices, including the FTSE100, S&amp;P500, and AUS200.</p><p>·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<strong>Commodities: </strong>Trade CFDs on global commodity markets, from natural gas to silver and gold.</p><p>·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<strong>Stocks: </strong>Dabble in CFDs on over 300 US and European company stocks, including big names like Apple and Unilever.</p><p>·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<strong>Forex: </strong>Trade over 60 major, minor, and exotic currency pairs, and invest in 6 FX indices.</p><p>Now, the downside is that they don't offer cryptocurrencies, ETFs, and bonds. Keep in mind that asset access may vary depending on the subsidiary you're trading with.</p><h2><br></h2><h2><strong>Spreads and Fees</strong></h2><p><br></p><p>One thing every trader wants to know is how much it's going to cost them. Well, FXTM has a pricing structure that caters to all trading styles. Here's the lowdown:</p><p>·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<strong>Micro Account: </strong>No brokerage commissions here, and spreads start at 1.5 pips.</p><p>·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<strong>Advantage Account: </strong>Enjoy tight floating spreads from 0.0 pips, with average commission fees ranging from $0.40 to $2 per lot.</p><p>·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<strong>Advantage Plus Account: </strong>This one's commission-free, and spreads start at 1.5 pips.</p><p>Keep in mind that spreads are floating, so they might go up during times of high volatility. Also, FXTM hits you with a $5 per month inactivity charge after six months of account dormancy. Plus, swap fees apply for trades held overnight.</p><h2><br></h2><h2><strong>Leverage: </strong></h2><p><br></p><p>Now, let's talk leverage. When we used FXTM, we noticed that leverage rates varied based on entity and instrument. For EU traders, ESMA margin capping restrictions mean maximum leverage opportunities of 1:30 for forex pairs like EUR/USD, and 1:20 on minor pairs. But for global traders, the maximum leverage available is a whopping 1:2000, which is higher than most competitors.</p><p><br></p><p>Now, don't get too excited. While trading with leverage can amplify your profits, it can also magnify your losses. So, be smart and have your risk management strategies in place. Remember, FXTM might offer you a reduced leverage ratio based on various factors.</p><p><br></p><h2><strong>FXTM Account Types: </strong></h2><p><br></p><p>FXTM offers three account types that cater to day traders, and they all come with fast execution speeds, a minimum order level of 0.01 lots, and flexible leverage. Let's break them down:</p><p><strong>Micro</strong></p><p>This is the most accessible account, with a stop-out at 40% and a margin call at 60%. It's great for beginners and comes with zero commission fees.</p><p><strong>Advantage</strong></p><p>The most popular account, with a stop-out at 50% and a margin call at 80%. You'll have access to all assets and enjoy spreads starting from 0.0 pips.</p><p><strong>Advantage Plus</strong></p><p>This one's for experienced investors, with a stop-out at 50% and a margin call at 80%. Like the Advantage account, there are zero commission fees and spreads from 1.5 pips.</p><p>And for those who prefer a halal, swap-free, Islamic profile, they've got that covered too. Plus, there's a professional account for those who meet the eligibility requirements.</p><h2><br></h2><h2><strong>Signing Up with FXTM: Quick and Easy</strong></h2><p><br></p><p>Now, if you're ready to dive into the world of trading with FXTM, it's a breeze to get started. Just complete the online application form, and they'll send your ForexTime login details to your registered email address. But wait, there's more! To keep things legit, you'll need to upload some identification documents and proof of address for KYC and AML compliance.</p><p><br></p><h2><strong>Deposits and Withdrawals</strong></h2><p><br></p><p>When it comes to deposits, FXTM gives you some flexibility. You can deposit in USD, EUR, GBP, and for global entities, they accept PLN, CZK, and NGN. The good news is that the broker doesn't charge any deposit fees, but watch out for third-party charges and exchange rates if you're depositing in a different currency.</p><p>As for minimum deposit requirements, they vary by account type, with the lowest being $50. You can choose from various deposit methods, including bank wire transfers, e-wallets like Neteller and Skrill, and credit/debit cards.</p><p>Withdrawals can be made via the same methods as deposits, and they're processed during standard business hours. But here's the kicker: some payment methods may come with commissions, so be sure to check the fine print.</p><h2><br></h2><h2><strong>FXTM Platforms: </strong></h2><p><br></p><p>Now, let's talk about trading platforms. FXTM offers the award-winning MetaTrader 4 (MT4). You can use it as a web-based platform or download it to your desktop. For many traders, MT4 is the go-to platform for a reason. It's user-friendly, customizable, and loaded with features, including nine timeframes, customizable charts, and one-click order execution.</p><p><br></p><h2><strong>Making a Trade: </strong></h2><p><br></p><p>Trading with FXTM is a straightforward process:</p><ol><li>Register for an account.</li><li>Verify your account.</li><li>Make an initial deposit (minimum $50).</li><li>Access the MT4 platform.</li><li>Search for your desired asset.</li><li>Select the open order icon.</li><li>Set your trade parameters.</li><li>Review and confirm the trade.</li></ol><h2><br></h2><h2><strong>Mobile Apps</strong></h2><p><br></p><p>If you're always on the move, FXTM's got you covered. They offer a mobile-compatible app for MT4, available for both iOS and Android devices. You can manage your accounts, open and close positions, and keep an eye on live pricing while you're out and about.</p><p>And here's a bonus: FXTM Trader, their proprietary app, is also available for both iOS and Android. With features like one-click trading, advanced charting tools, and access to popular indicators, it's designed to modernize your trading experience.</p><p><br></p><h2><strong>Regulation and Licensing</strong></h2><p><br></p><p>Safety first, right? FXTM takes security seriously and is regulated and authorized by several global financial bodies. They've got your back with negative balance protection and segregated client funds. It's worth noting that CySEC and FCA, two highly regarded authorities, oversee FXTM.</p><h2><br></h2><h2><strong>FXTM Demo Account</strong></h2><p><br></p><p>Before you take the plunge into real trading, FXTM offers a demo account that lets you practice risk-free. It's a smart move, especially if you're new to Forex. You can access unlimited virtual funds with flexible leverage, and it's available on all account types and trading platforms.</p><p><br></p><h2><strong>Deals and Promotions</strong></h2><p><br></p><p>While FXTM does offer bonuses and promotions, they're limited to global subsidiaries due to ESMA restrictions. These promotions include a 30% welcome bonus and access to the FXTM loyalty program, which offers fee discounts and other perks for active traders. Be sure to check the terms and conditions before diving in, as they may have minimum thresholds and requirements.</p><h2><br></h2><h2><strong>Additional Features</strong></h2><p><br></p><p>What sets FXTM apart is their wealth of educational material. They offer webinars, tutorials, articles, a glossary of key terms, and more. Their customer support team is also there to answer your trading queries and provide platform assistance.</p><p><br></p><p>FXTM doesn't stop there. They offer free trading tools like pip and profit/margin calculators, along with expert market analysis. You can also make use of MT4 forex trading indicators to up your game.</p><p><br></p><h2><strong>Copy Trading</strong></h2><p><br></p><p>For those who prefer a hands-off approach, FXTM's got your back with their copy trading app, FXTM Invest. It's a user-friendly program that lets you diversify your portfolio by following experienced Strategy Managers. When we tested it, we found that we could retain full control of our funds, with fees only applicable when we made a profitable trade.</p><h2><br></h2><h2><strong>Daily Analysis</strong></h2><p><br></p><p>When you're part of the FXTM Group, you can benefit from daily market analysis. The broker uses fundamental and technical analysis to highlight potential market opportunities from around the world. You can access this information through various sources, including podcasts, economic calendars, Twitter posts, and videos.</p><p><br></p><h2><strong>VPS for Trading</strong></h2><p><br></p><p>Active day traders will appreciate FXTM's VPS. You can trade over 250 instruments 24/5, including forex pairs, shares, indices, and commodities. The VPS ensures that Expert Advisors run without technical disruption, providing optimal connectivity with minimal order delays.</p><h2><br></h2><h2><strong>Customer Support: </strong></h2><p><br></p><p>We put FXTM's customer support to the test, and they didn't disappoint. You can contact them via phone, email, or online chat, with options like WhatsApp, live chat, Viber, Telegram, and Messenger. Response times are quick, with live chat queries answered within two minutes.</p><p><br></p><p>And here's the kicker: customer service is available in over 30 languages.</p><p><br></p><h2><strong>Safety and Security: </strong></h2><p><br></p><p>Trading at FXTM means you're protected with a suite of IT security measures and customer protections. Their website uses encryption software to ensure your privacy and security. You can also add extra security settings like two-factor authentication and one-time passwords.</p><p><br></p><h2><strong>Trading Hours</strong></h2><p><br></p><p>FXTM's website is open 24/7, but keep in mind that not all markets are open all the time. Trading hours vary based on market locations, so make sure to check when your preferred markets are active.</p><h2><br></h2><h2><strong>Pros and Cons</strong></h2><p><br></p><p><strong>Pros:</strong></p><ul><li>Free educational materials and market insights</li><li>Customer support in 30+ languages</li><li>Negative balance protection</li><li>Regulated by FCA &amp; CySEC</li><li>Multiple industry awards</li><li>1000+ financial assets</li><li>Transparent pricing</li><li>Beginner-friendly</li><li>Copy trading</li><li>Forex VPS</li></ul><p><br></p><p><strong>Cons:</strong></p><ul><li>No ETFs or bonds</li><li>Limited stock selection</li><li>Mediocre spreads on commission-free accounts</li><li>Limited e-wallet payment options</li><li>Withdrawal fees</li></ul><p>And there you have it, folks! FXTM in all its glory. Remember, it's essential to do your homework and consider your trading goals before you dive in. Happy trading!</p><p><br></p><h2><strong>FXTM Broker Details</strong></h2><p><br></p><p><img src="https://cdn.forexoverflow.io/images/1697752367142-pgp4623do0l8qqy-fxtm-broker-details.png"></p><p><br></p><p><strong style="color: black;">Disclaimer</strong><span style="color: black;">: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.</span></p>

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Dive into the world of Forex and CFD trading with our comprehensive FXTM review. Discover account types, fees, leverage, and more. Your go-to resource for trading with FXTM.

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