This translates to spreads as low as 0.6 pips on the EUR/USD pair on the Micro account. On the Advantage account – the only one charging a commission – spreads start from as little as 0.0 pips.The Advantage account has recently replaced FXTM’s old ECN account. 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.
FXTM is known as a specialist MetaTrader broker, focusing its CFD fxtm broker reviews trading platform offering exclusively on the MT4 and MT5 platforms. Unfortunately, this means that if you’re looking to use cTrader, then you are unable to with this broker. FXTM claims an average execution speed of approximately 71 milliseconds, setting a high bar for traders needing quick trade execution.
FXTM also offers free VPS hosting, which facilitates the execution process and provides a more stable trading environment. However, the broker does not offer API access, which would allow developers to bypass traditional trading platforms and use their own apps. FXTM provides a variety of trading platforms designed for different trader needs. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are favoured by many brokers for their backend server reliability, which contributes to a stable and smooth trading experience.
ForexTime FXTM: Features
Other benefits of MT5 include a multi-threaded strategy tester, fund transfer between accounts, and a system of alerts to keep abreast of all the latest market events. Traders can also communicate through the embedded MQL5 community chat to feel more empowered and confident. FXTM offers swap-free trading on all the available live trading account options. The swap-free account is designed for clients of the Muslim faith who cannot receive or pay swaps due to religious beliefs.
- The mobile versions of the MT4 and MT5 trading platforms are designed to suit people who want to monitor the market on the go.
- Most online payment processors will credit accounts instantly after FXTM has completed the withdrawal.
- Verification can help ensure real people are writing the reviews you read on Trustpilot.
- These accounts offer a viable solution for people who want to make money in the forex market but do not want to trade the market themselves.
Broker Overview
In this section, you will also find numerous current affairs articles, which outline they affect the various tradable markets. If you prefer just news, then the Forex News Timeline provides this. You can access this news via the FXTM website or from within MetaTrader. Shares Account holders have access to more than 120 US shares and 40 European shares in this form. By trading shares in the form of CFDs instead of directly, you can open a position in either a bear or bull market. As with most other asset classes, you can trade precious metals on FXTM in the form of spot metal CFDs.
With real-time prices sourced directly from the NYSE and the NASDAQ, trade price movements of some of the largest global companies. FXTM’s MT4 platform also allows traders to access the multi-terminal feature that is unavailable on MT5. The sheer popularity of the MT4 platform has meant that FXTM will never close MT4 accounts and force clients to change to MT5. If you want to stick to MT4 and the massive back-library of custom indicators and EAs that have been developed for it, then you won’t have to worry about being forced to change by FXTM. ECN Zero AccountAn FXTM ECN Zero Account has all the features of the ECN account above but without the commission charges. To compensate for no commissions, you’ll notice that your spreads are slightly wider, but still under the level of Standard Accounts.
Trading fees and other costs
Some standout features of MetaTrader 5 include the fund transfer capability between accounts, alerts, and the multi-threaded strategy tester. MetaTrader 5 has six pending order types and four order execution types. You can use 21 timeframes, 44 graphical objects, and 38 technical indicators to analyze data with MT5.
User feedback, as flawed as it may be as a review metric, is thus one’s best bet to properly assess broker value/quality. In FXTM’s case, this feedback is about as motley and diverse as possible. While some feedback aggregators rank the broker as “excellent”, others barely give it a passing score. • The platforms and websites are straightforward and easily accessible.
Platforms and Tools
They ensure traders have an edge versus the out-of-the-box versions most brokers offer. FXTM offers 1000+ tradable instruments spanning CFDs and real stocks. Among CFDs, traders can access diverse markets, including forex, indices, commodities, shares, and crypto. I rate the range of instruments as better than average for the industry. FXTM features competitive spreads, starting from 0.0 pips on ECN accounts. For traders who prefer not to pay commissions, FXTM offers standard accounts with wider spreads starting from 1.3 pips.
FXTM is a licensed and well regulated broker with an impressive list of awards. FXTM or ForexTime is owned and managed by FT Global Limited and ForexTime Limited and has its headquarters located in Limassol, Cyprus. FXTM was established in 2012 by Andrey Dashin, who is well known as the founder of online broker Alpari. In the relatively few years the firm has been in business, the company has established itself as a global broking contender, using Dashin’s formula quite successfully.
This allows you to take advantage of advanced trading strategies with minimal technical skills and time. To get a stronger idea of FXTM’s reputation, consider that the broker has received over 90% positive feedback from its traders. In addition to positive FXTM forex broker reviews, the broker has earned 30 awards throughout its history including Best Trading Experience at the 2020 World Finance Forex Awards.
- Traders can also communicate through the embedded MQL5 community chat to feel more empowered and confident.
- However, I also found room for improvement in the spreads in the Advantage Plus account.
- The average time to respond is approximately 6 hours and 11 minutes.
- There is a maximum volume of 100 lots per trade for ECN and ECN Zero Accounts and 250 for FXTM Pro Accounts.
FXTM Review 2025
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. MetaTrader 4 (MT4) is the tried and tested trading platform that has catapulted forex trading into the mainstream. Whether you have a PC, Mac, mobile, tablet, then FXTM has an MT4 option for you. Many traders use Cent Accounts alongside a Standard Account to test new EAs under live trading conditions.
When trading on an FXTM Pro Account, you can be assured that you’ll never be re-quoted or charged a commission. Just direct access to deep pools of liquidity with absolutely minimal interference from FXTM. ECN Accounts allow your orders to be matched with the best bid and ask prices, offered by a list of top-tier liquidity providers. Short for an Electronic Communication Network, they are an automated connection to liquidity providers that cut out the No Dealing Desk Brokers middle man at your broker. Client funds are segregated from FXTM’s operational funds, as mandated by these regulatory bodies, to ensure client fund safety.
Am not interested in your new upgrade platform
It allows users to trade directly from any browser and operating system without any additional software. MT4 can be accessed via desktop, web, and Android/iOS mobile devices. It can be used in 39 different languages, from Arabic to Vietnamese. FXTM charges a monthly inactivity fee of 10 EUR/USD/GBP for accounts that are dormant for 3 consecutive calendar months. Swaps represent the fees charged (or credit earned) for holding a position overnight.
Alongside the protection of top regulators, FXTM also provides negative balance protection which means you can never lose more than you deposit. Beginner traders have access to one of the most comprehensive educational offerings, consisting of a video library featuring dozens of videos and written content. I find it well-structured and an excellent starting point for new traders. I also recommend first-time traders seek third-party education covering trading psychology while avoiding paid-for courses. The three-member research team at Forextime provides market commentary and analysis in written format, short YouTube videos,and ebooks for beginners and experts alike and podcasts. They offer a brief overview and an informative take on market events.
