As such we may earn a commision when you make a purchase after following a link from our website. Platform tutorial videos – There are various tutorial videos on how to use the MT4 trading platform. These include an orders indicator, pip value calculator, pivot points strategy amongst others. There are the usual global stock indices, but only 11 to choose from and for individual stocks, there 173 US and European stock CFDs, which is far from an exhaustive list.

Minimum Deposit and Account Types

FXTM aims to provide instant and more in-depth answers through its various customer support channels. However, Standard and Cent accounts are not designed for scalping since instant execution account types may not be best to carry out this kind of strategy. On the other hand, the ECN and ECN Zero Accounts with the market execution modes are more apt for scalping.

Account Types

We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please be aware of the risks involved with any trading done in any financial market. When in doubt, you should consult a qualified financial advisor before making any investment decisions. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies involves a high level of risk.

FXTM Trading Platforms

BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience.

• For traders who prefer not to pay commissions, FXTM offers standard accounts with wider spreads starting from 1.3 pips​.
• If you plan on diversifying into precious metals, you can trade spot gold and silver against the euro, the U.S. dollar and pound sterling via FXTM.
• Similar to the majority of brokers, you can expect a swap-fee to be charged when trading CFDs based on the interest rates for that particular day.
• To make a deposit, you must use a bank account that is in your name, ensuring security and compliance with regulatory standards.

Social Trading

• FXTM caters well to a range of trader preferences by offering accounts with distinct benefits.
• These swap-free accounts are available across all live trading account types and eliminate interest-based rollover fees on overnight positions.
• On a positive note, they maintain strong community spaces where traders can share their knowledge and experiences.
• The broker’s aggregated Trustpilot score of 3.9/5 is also a factor to take into account whenever evaluating FXTM’s services.
• FXTM understands the importance of mobile trading platforms in making things easier for traders.
• FXTM resorts to a hybrid model of trade execution with both the Advantage and Advantage Plus accounts resorting to a market order execution.

Big Four accountancy PricewaterhouseCoopers Limited (PwC) audits published statistics per International Standard on Assurance Engagements (ISAE) 3000. Tobi Opeyemi Amure has more than seven years of experience as a financial market analyst. Tobi’s main area of expertise is in personal finance and the Forex industry. He has contributed to top platforms such as Investopedia, GoBankingRates, and Investing.com, where his expertise in Forex markets and digital assets is widely recognized.

FXTM Alternative Brokers & Comparisons

Traders at FXTM can also access index CFDs, gaining exposure to the performance of entire equity markets. Popular indices such as the S&P 500, Dow Jones 30, and DAX 30 are available, offering opportunities to trade broader market trends with low transaction costs. Index CFDs are ideal for those seeking to trade economic sentiment or hedge other stock market positions. To ensure client protection, FXTM maintains a policy of holding all client funds in segregated accounts, entirely separate from the company’s operational capital. This separation ensures that client money is never used for business expenses or speculative purposes.

FXTM Trading Settings

These resources include forex trading for beginners, CFD trading for beginners, daily market analysis, and even videos to educate new traders. Finally, there is the FXTM Invest that mainly focuses on copy trading, providing an ultimate guide for traders who might be interested in grasping the fundamentals of this trading style. Furthermore, FXTM offers a wide variety of deposit and withdrawal methods, which include crypto, local payment options, bank wire, debit cards, credit cards, and e-wallets. In terms of minimum and maximum deposit amounts, FXTM makes it clear that the limits for these are set by each payment provider. You can find the FXTM deposit minimum and maximum for each method in MyFXTM. A spread is seen on FXTM as the difference between the ask price and the bid price on each trade you make.

MT4 also supports customizable watchlists, one-click trading, and the ability to trade directly from charts, which boosts efficiency for traders of all levels. With various order types, market, limit, stop-loss, and trailing stop orders, traders can execute strategies precisely while managing risk effectively. The broker’s transparency also extends to the disclosure of its regional entities and the varying levels of regulatory protection they offer.

The availability of these instruments can vary by region, and there might be restrictions on trading certain assets due to local regulations. Client funds are segregated from FXTM’s operational funds, as mandated by these regulatory bodies, to ensure client fund safety. While this does not reach the highest end of what FXTM claims as an average, the speeds for market orders remain very competitive within the industry, indicating efficient order processing. An appropriateness assessment mandated by the FCA was necessary to set the account leverage.

DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.

Index and Commodity CFDs swap charges are typically calculated as a percentage or based on a specific formula for the product. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. Your level of regulatory protection depends on your country of residence when you open an account. There are many reasons to start using FXTM’s MT5 platform or make the switch from your current MT4 broker.

It does not have a beginner-friendly interface and requires some fxtm broker review time and effort to learn, but that is typical of advanced platforms. FXTM provides clients with the full suite of MetaTrader 4 and MetaTrader 5 platforms, along with its proprietary FXTM Trader mobile app and a range of custom MT4 add-ons. Yes, FXTM allows all verified traders who submit a valid withdrawal request to withdraw their funds. FXTM offers 16 payment processors, ensuring many localized options for its core markets.