FXTM is a top-ranked CFD and FX broker offering over 400 contracts, including indices, shares, futures and commodities. Their trading platforms are user-friendly and highly intuitive. The company has been around since 2011, and they are regulated by several financial authorities such as the FCA (United Kingdom), CySEC (Cyprus), ASIC (Australia) and the NFA (Japan).
They aim to provide traders with excellent service based on their integrity, honesty, maximization of profit potential, and sensitivity to customer needs. FXTM appreciates that every trader has different goals and needs, so they offer various deposit plans.
FXTM offers the world’s most extensive online catalogue of over 2,400 CFDs on global currencies. All the major global currencies are traded against the US dollar. The platform offers traders a proprietary forex platform that provides speed and convenience with cutting-edge trading tools.
The FXTM website is one of the most advanced and extensive in the online forex market. In addition to a wide range of tools, an essential feature of any responsible broker is a user-friendly trading platform. The MetaTrader web-trading platform provides all these features and much more. It offers exceptional flexibility and ease of use to meet your needs as a trader or investor.
Fees and Commissions
Fees and commissions are determined by the type of account you choose and vary by broker. Most retail forex brokers use a flat per-transaction fee, which means that you pay the same flat rate each time you execute a trade, regardless of how much currency or how many trades you place.
Commissions are higher for active traders and can range anywhere from 0.5%-1%. The less often you trade, the lower these fees will be, as there is generally less activity on low-volume accounts. Commissions can also differ based on the type of deposit method that you choose to use.
They offer two types of accounts: Advantage MT4 and Advantage MT5.
Advantage MT4 – The fee rate is applied at four units of the Base currency and the conversion rate to the trading account currency.
Advantage MT5 – FXTM uses a fixed-rate commission of $4 per standard lot traded, regardless of the trading outcome.
FXTM offers the lowest fees in forex trading. When you deposit $10 or more, there is no charge for withdrawals and wire transfers. You also have access to their mobile app that provides live updates from FXTM’s markets, news stories, tools to track market prices, and more.
Tools and platforms
FXTM provides a comprehensive range of analysis, trading tools, banking capabilities and market information. The latest version of the MT4 program has been developed to offer traders the very best in brokerage and technology. In a nutshell, there is an all-inclusive suite of tools and platforms designed to help you manage your trading activities. From the award-winning desktop platform to the mobile applications, they’ve got you covered from start to finish.