Looking at the requotes, you see that ForexTime has a competitively low rate that the company is striving to improve. The requote rates in 2018 never averaged above 2.08 percent and got as low as 1.51 percent. This lets you access the markets on a PC or Mac without the need to download any software. There is also a section where the Strategy Manager tells you about the Strategy and any other additional relevant information. Below this, you will find charts and graphs detailing returns and monthly statistics by trades.
FXTM features competitive spreads, starting from 0.0 pips on ECN accounts. However, ECN accounts charge a commission based on trade volume. For traders who prefer not to pay commissions, FXTM offers standard accounts with wider spreads starting from 1.3 pips. FXTM is a major CFD broker that offers both instant execution and market execution depending on the account.
Negative slippage got as low as 14.18 percent in the same month. Those who prefer to trade on the go will also appreciate the support for applications for tablets and mobile devices. Part of the FXTM Invest program is the inclusion of a list of the top-ranking strategy managers. For each Strategy Manager in the program, you can view detailed information to help you decide. Although ForexTime is one of the newer brokers, it has been growing at a fast pace and has earned numerous awards in it’s lifetime. Meanwhile, more advanced users will be able to use the ForexTime FXTM Pivot Points Strategy to enhance their trading style.
- FXTM offers a range of account types to suit different trading styles.
- This includes a range of free, downloadable ebooks as well as access to a number of useful forex seminars, workshops, and webinars.
- There are also forex trading strategies, forex trading videos, general forex educational videos, and educational articles.
What is the minimum deposit at FXTM?
Additionally, FXTM offers a quarterly market outlook so traders can stay ahead of the markets. This market outlook includes the potential movements within the forex and commodity markets in the coming months. It also includes one-click trading for quick market action, real-time updates that include live currency updates, and state-of-the-art charting tools. In addition, a trading dashboard with your balance, profit, and margin as well as the ability to open, close, or modify positions within a matter of seconds.
The NDD technology mentioned lets ForexTime work with various liquidity providers. That gives the clients the best possible prices for both bid and ask. It also provides the ability to deliver those previously mentioned instant trades. Rather than using real cash, you can start practicing trades with a risk-free virtual account. This is a great way to get a good understanding of how the ForexTime xcritical FXTM trading system works. After that, you can finish the account-opening process in your browser or on a mobile device by installing the FXTM Trader app.
EUR can be withdrawn within Europe, while both EUR and USD can be withdrawn outside Europe. Withdrawals can be made through all of the same methods as deposits with the exception of wire transfer which is not available. This means credit cards, debit cards, and a range of eWallets are available. Here is all you need to know when it comes to FXTM withdrawals as a trader. Deposits will typically take a maximum of two hours with the exception of a wire transfer which can take up to 5 business days to complete. Added to that, exotic currencies are not available to be traded with this account.
Leverage
This also works for those who simply do not have the time to make complicated trading strategies. The methods for withdrawal are nearly identical, with a few differences. All clients can also deposit via cryptocurrencies, Dusupay, Alfa-Click, Dixipay, WebMoney, Yandex.Money, QIWI, Perfectmoney, Bitcoin via Skrill, Bitcoin, or Konnexone. You can view the specific floating commission rates under Trading Accounts on the Commissions page. You will also find commissions for stock trading via PRO MT5 here. In the case of certain accounts, there are floating commissions.
The UK’s financial authority, the FCA, recently changed regulation banning retail traders from trading cryptocurrencies. The biggest reason to choose MT4 is to gain access to the endless library of custom indicators and expert advisors that have been developed specifically for the platform. With an inability to seamlessly transfer indicators from MT4 to MT5, many traders prefer to stick to MT4 to continue trading their proven strategy.
FXTM Invest
Besides the wealth of informative educational materials on the FXTM site, this platform has a solid customer support service. You can get assistance from agents 24 hours a day over the phone, via live chat, or through third-party platforms like WhatsApp and Telegram. Newcomers to foreign exchange trading will appreciate ForexTime’s vast library of educational resources. Here, you can explore ebooks, forex trading webinars, and glossaries of common forex trading terms.
The degree of transparency is another scammed by xcritical positive I want to point out. Big Four accountancy PricewaterhouseCoopers Limited (PwC) audits published statistics per International Standard on Assurance Engagements (ISAE) 3000. FXTM does not have their own propriety trading platform, instead choosing to provide MetaTrader 4 & 5 as options.
Find out about one of the best trading apps on the market in our ForexTime FXTM review
Users who are able to meet the deposit minimums required to open an ECN account will receive highly competitive rates and avoid any limits on order volume. Through ForexTime FXTM, you can access numerous currency pairs, commodities, single-stock shares, and contracts for difference (CFDs). If you are trading on a cent account however, the minimum trade size is 0.1 nano lots.
I applaud them for their focus on the trading environment, granting clients a distinct edge. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. FXTM invest is an interesting addition for copy trading ( this isn’t available in the UK though) which not a lot of brokers, apart from eToro, include in their offering.