investor accounts lose
trading conditions

FXTM is regulated by several financial authorities, including the UK Financial Conduct Authority and the Cyprus Securities and Exchange Commission . FXTM customer support can be contacted by LiveChat, Telegram, Facebook, phone and email. That selection of messaging systems, particularly the social media ones, is a stand-out feature for FXTM. FXTM brand does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, the Occupied Area of Cyprus).

fxtm broker review offers different Stop Out levels for its various account types. Whereas Advantage and Advantage Plus accounts have a 50% Stop Out level. FXTM is a Cyprus Forex broker offering various accounts types, MT4 and MT5 trading platforms, and various trading tools.

Trade Of The Week: AUDUSD Gearing Up For Bearish Breakout? – FX Empire

Trade Of The Week: AUDUSD Gearing Up For Bearish Breakout?.

Posted: Mon, 27 Feb 2023 08:00:00 GMT [source]

We’ve reviewed FXTM’s trading conditions, fees, deposit and withdrawal options, and available trading instruments for Kenyan traders. The Forex broker provides access to trading 19 Major pairs such as AUD/JPY, AUD/USD, EUR/USD, USD/CAD, USD/JPY, and more. Major currency pairs are backed by strong economies and are more stable compared to exotic currencies.

Trading Videos

Just for signing up and opening a live account, you can receive a $30 trading credit. In order to actually receive the credit, you must finish your registration and make a minimum account deposit in the first six months. If you want to learn how it works start by going through this in-depth guide on forex trading. It requires a minimum initial account deposit of £25,000 or equivalent. Stock trading only available to non-EU traders and only at the professional level .

The website offers its users market news and analysis as well. The broker provides investors with the ability to automatically copy the trades of the strategic manager. Personal Forextime trader , can be selected from the rating. It should be noted that in the broker’s rating there is a fairly large number of traders offering their services to investors. This indicates that the service is actively developing and attracts the attention of both traders and forex investors. MetaTrader 4 – Multifunctional and convenient terminal used by most Forex brokers.

Trading Tools

In other regions, during writing time FXTM will offer a 30% sign up or welcome bonus that’s capped at $300. I have been using this broker for about five years and I can say so far they have been fantastic. Their customer service is top notch and they are very responsive and ready to help at anytime. We found that FXTM’s customer support is excellent compared to other similar brokers with weekend support. Overall, we enjoyed FXTM’s market analysis – it is clear that Forex experts write it.

Both the MT4 and MT5 trading platforms are popular among traders as they come integrated with a wide range of trading tools. In addition, these trading platforms are able to support automated trading. Apart from these dedicated trading platforms, FXTM also offer its clients to join in its cutting edge Copy Trading Programme. will never lose more money than the invested amount. Forex trading is a highly leveraged business that creates possible scenarios for losing more money than is on your trading balance. When you are trading with a broker who does not offer negative balance protection, in case your funds go negative due to high leverage and volatility, you will owe the outstanding money to your broker. This payment method is available to all clients whose bank accepts wire transfer transactions with our banks.

FXTM Trading Accounts Comparison – What’s the Difference?

18+ languages are supported, and more are added to the site and MyFXTM, the trader’s gateway. The regulators governing the CFD broker ensure negative balance protection to retail clients in Europe and the UK. Besides, client capital is secure up to €20,000 and £85,000 under the Investor Compensation Fund and the Financial Services Compensation Scheme , respectively.

At FXTM you can use well over 30 different payment methods, some of which specific to the region you reside in. On our next screenshot you may take a look at the FXTM’s CySEC license. FXTM offers MT4 and MT5, depending on the account type and asset.

The FXTM support system is available in a total of 10 languages to cater for traders worldwide, and also offers an extensive FAQ section to help in answering some of the most frequently asked questions. FXTM have established themselves as a very well-trusted, and compliant broker across the globe. This is thanks in part to their regulatory oversight which comes from many of the most respected bodies in the industry.

It is not a surprise that FXTM has received the accolade of being the fastest growing broker in recent years, and we will evaluate the service further in this ForexTime review. The company generates funds from commissions and spreads that are charged on overnight financing markups and trades. The company offers different methods for withdrawing and depositing funds. Traders can conduct their transactions via skrill, Western Union, Neteller, and FasaPay. Other small channels famous in developing countries can be used.

What is the risk level?

The range of instruments is also quite limited compared to other brokers in the UK. CFD Trading for beginners deals with how to open/close positions and how the contract works. FXTM also went a great deal to explain the brief history of CFD brokers and trading concepts like margin and leverage. Combined with these are the details of FXTM’s CFD trading accounts and fees so you can compare easily. Payment methods supported by FXTM for deposits and withdrawals are bank transfers, e-wallets and cards. Here is the summary of the deposits and withdrawal options on FXTM in Kenya.

However, FXTM has a serious downside when it comes to trading, namely fees. The broker offers higher spreads than most other Forex brokers and charges clients withdrawal and inactivity fees. On the upside, real stocks are available offering company stocks from Hong Kong, the US, and Kenya. Demo trading is essential for beginner traders to master their craft and get used to using trading software. Furthermore, demo trading is very useful for experienced traders in testing and developing their trading strategies. Instead of placing orders using real money, demo traders open and close positions using fake money.

To activate this option, FXTM asks clients to provide an official document that shows their religion. Deposits and withdrawals at FXTM can be made via bank wire transfer, credit/debit card, and digital wallet. Deposits are free, but fees are charged for withdrawals via bank transfer and credit card. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated.

Why Is the Japanese Yen Soaring? – FX Empire

Why Is the Japanese Yen Soaring?.

Posted: Tue, 20 Dec 2022 08:00:00 GMT [source]

They ensure traders have an edge versus the out-of-the-box versions most brokers offer. 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.

FXTM offers an intuitive trading platform based on MetaTrader 4 and 5 and offers a wider range of trading instruments including Forex, Cryptocurrencies, Index and Commodity CFDs, Spot Metals and Stock CFDs. It consists of phone support, including a call-back function, e-mail, and an FAQ section. FXTM also provides live chat on its website or via WhatsApp, Viber, Telegram, or Messenger. Since the product and services portfolio at FXTM remains well-explained, I doubt most traders will require assistance.

In addition to this, FXTM does not charge any forex fees or non-trading fees & trading costs are reasonable. FXTM is an international CFD and forex broker, regulated by the UK FCA, CySEC of Cyprus and the Mauritian FSC. FXTM customer service gives fast and relevant answers. You can use a lot of educational tools, including a demo account and live webinars.

trading platforms

There is no last-look pricing and this account takes advantage of deep liquidity right from ForexTime’s tier-1 providers. The methods for withdrawal are nearly identical, with a few differences. You can withdraw, for example, via China Union Pay and cannot withdraw via Alfa-Click or Cash U. Most withdrawal processing times are 24 hours with the exception of China Online Banking which takes 48 hours. For each of these, you can find the notional value for USD, EUR, GBP, or NGN, as well as the leverage offered and floating margin as a percent.


MetaTrader 4 was released in 2005 and is mostly used for trading currency pairs. MT5 is often referred to as an all-in-one platform due to its ability to offer different asset classes for trading. FXTM gives traders access to two of the most widely used trading software, MetaTrader 4 and MetaTrader 5. Both platforms are developed by MetaQuotes Software corp and have a lot of similarities. Furthermore, trading real stocks are available from the MetaTrader 5 platform and US stocks are taxed in accordance with the US government rules and regulations, which is 30% of the dividend amount.

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