FXTM caters to most international traders, including the UK, India, Malaysia, and the Philippines. They include bank wires and a broad range of domestic banking solutions for countries, which I find excellent. Traders may also use Skrill, GlobePay, Pay Redeem, Perfect Money, Neteller, FasaPay, and M-Pesa. Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies. Please send us an email at and we will get back to you as soon as possible.

FXTM is an international online broker offering financial services in various financial instruments. The ForexTime FXTM platform remains one of the best forex trading apps available today. 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. FXTM processes most withdrawals within 24 hours, but it may take up to five business days for clients to receive their funds, dependent on the payment processor. Most online payment processors will credit accounts instantly after FXTM has completed the withdrawal.

1. Rather than using real cash, you can start practicing trades with a risk-free virtual account.
2. This is a great way to get a good understanding of how the ForexTime FXTM trading system works.
3. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
4. I applaud them for their focus on the trading environment, granting clients a distinct edge.
5. Trading on MT5 via FXTM gives you even greater access to financial markets including currencies, commodities, precious metals and other CFDs.

I find this reasonable and acceptable, and active traders will never face this cost. Trade on MetaTrader – one of the most popular trading platforms in the world. FXTM brand is authorized and regulated in various jurisdictions.

I want to point out that only verified trading accounts may request a withdrawal and that FXTM enforces a withdrawal hierarchy. FXTM will return funds to the payment processors used for deposits, and it appears that traders must withdraw profits exceeding them via bank wire only, which is expensive. One of the most ignored trading costs is swap rates on leveraged overnight positions.

What is the spread at FXTM?

Opening an account at FXTM is fast, and the first step requires only a few seconds. Traders must submit their name, country, a valid mobile phone number, e-mail address, and desired password. FXTM will send a confirmation PIN to the entered mobile number to complete the process.

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. ForexTime also releases weekly market analysis videos filled with expert advice about new trading strategies. ECN accounts are designed for forex experts and don’t have a maximum number of orders or xcritical courses scam volume of lots in an order.

Our account types

PricewaterhouseCoopers Limited (PwC) also audits select performance statistics, and FXTM remains one of the more transparent brokers. I applaud them for their focus on the trading environment, granting clients a distinct edge. Forextime is also acquiring a regulatory license in Kenya as it expands across the African continent. On February 26th, 2021, FXTM ceased its retail operations from its CySEC regulated entity.

Trading on browser

We were able to complete this within 24 hours which was speedy and satisfactory. We’ve built our business around helping clients to trade and we’re delighted to have won over 25 awards since 2011 in recognition of this. Since we launched in 2011, over 3 million people have joined FXTM and thousands of new traders continue to join us every month. Experienced traders may also use these guides as a refresher. Due to a migration of services, access to your personal client area is temporarily disabled. An alternative Alpari website offers services that are better suited to your location.

Forex demo account is available for MT4 and MT5 and allows traders to select the demo account balance and leverage. While no demo account can simulate live trading conditions, the options available at FXTM come as close as possible to doing so. Besides offering tight spreads for competitive commissions, FXTM also keeps swap rates on leveraged overnight positions low.

We’re regulated in multiple jurisdictions and offer full segregation of funds for retail clients. Wherever you are in the world, we hold your funds with top tier banks, xcritical fully segregated from assets of the firm. As one of the successful brands running within Exinity Group, we’re specialists in giving you the potential to make financial returns on a range of financial markets.

What is the FXTM ECN Zero account?

Before you use these products, please take into consideration your level of experience, financial objectives and seek independent advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the FXTM brand based on the legal requirements in his/her country of residence. FXTM offers traders the MT4/MT5 trading platforms and has developed its proprietary mobile app, FXTM Trader.

I want to stress once again that commission-free does not necessarily equal cheaper trading costs. Spreads are generally higher, often twice as high, than commission-based offers, and FXTM is no exception. I like the regulatory framework at FXTM, ensuring traders have access to competitive trading conditions and superior protection. FXTM is a member of the Honk Kong-based Financial Commission, where the Compensation Fund protects traders up to €20,000 per claim. It is identical to what CySEC offers but does not come with regulatory restrictions.