A legal website review mentioned mixed TrustPilot reviews and noted increasing dissatisfaction among traders, particularly about delays in fund withdrawals. Whether you’re after stability or volatility, FXTM provides access to major global asset classes – all in one place. Fund segregation means that FXTM keeps your trading funds in completely separate accounts from the company’s operational finances. This ensures that your money is never used for internal purposes or other investments, providing an extra layer of protection and transparency. I have been with FXTM for about a decade and I can say with all sense of responsibility that I have never had cause to worry or doubt the integrity of this my Broker as a company. Regular update and upgrade always employed to make trading experience beautiful for us clients.
FXTM’s customer support is responsive, and its global footprint ensures traders from different regions have localized assistance. Established in 2011, FXTM or Forextime is a preeminent Forex broker that offers exemplary customer service and cutting-edge trading technology. The company has a global presence with offices in different countries, including Cyprus, Nigeria, London, Limassol, Dubai, Hong Kong, Nairobi and Mauritius. FXTM broker offers their brokerage service to both institutional and retail forex traders by offering a wide range of tradable assets. Moreover, the broker’s trading platform is user-friendly and is fully packed with numerous features, making it an excellent choice for traders of all experience levels. In this comprehensive FXTM Review, we will discuss the platform’s features, benefits, account types, and much more to help you determine if it’s the right choice for your trading needs.
I have personally tried all of these institutions, opened accounts with all of them, traded, deposited and withdrew money. You fxtm broker reviews can review the information provided by selecting the language you want. FXTM is a forex company founded in 2011 and headquartered in Southern Cyprus.
Withdrawal Options at FXTM
Hence, we would definitely recommend FXTM to anyone looking for a reliable forex broker with excellent customer service. FXTM profit calculator tool is used to help traders determine how much profit they will make on a trade. The calculator consider the trade size, the current market conditions, and the user’s desired profit. By inputting these values, the calculator can then provide the trader with a projected profit amount.
How Do You Withdraw Money With FXTM
Tobi’s main area of expertise is in personal finance and the Forex industry. He has contributed to top platforms such as Investopedia, GoBankingRates, and Investing.com, where his expertise in Forex markets and digital assets is widely recognized. Swap-Free Trading Islamic accounts at FXTM are swap-free, avoiding interest charges. This video breaks down the broker’s key features, trading accounts, and global reach – perfect for anyone wanting a fast, informative introduction to FXTM. FXTM’s videos cover a range of topics, with many of them focused on beginners.
Currencies accepted for deposits/withdrawals
This allows investors to benefit from professional trading strategies without needing extensive market knowledge, making it appealing for those looking to enter the markets with expert guidance. Also, the range is different based on entity regulations, alike Cryptos not available in the UK. In addition to standard trading fees, FXTM charges several additional fees that traders should consider. Withdrawal fees apply to most payment methods, with costs varying depending on the provider and region, potentially affecting traders who make frequent withdrawals.
Forex
We’ve observed numerous brokers on FPA, and most brokers tend to have lower ratings. There is a complaint that FPA does not approve all positive reviews and only approves negative ones for the sake of their business. To understand the real reviews, traders should focus on the content of the reviews.
- As a result, all money withdrawn from your account must go to a bank account in the same name as your FXTM trading account.
- With an inability to seamlessly transfer indicators from MT4 to MT5, many traders prefer to stick to MT4 to continue trading their proven strategy.
- Yes, FXTM allows all verified traders who submit a valid withdrawal request to withdraw their funds.
- Traders should carefully consider their risk tolerance and trading strategy before using high leverage, as excessive leverage can lead to substantial losses.
- Finally, we need to examine user feedback to help us assess whether a company we might trade with is reliable.
- Apart from FCA, FXTM forex broker also has the license from CySEC, which is one of the top regulations in Europe as they are a member of the European Securities and Markets Authority (ESMA).
- Over the years, FXTM has expanded its presence worldwide, earning multiple awards in areas such as customer service and platform technology.
- FXTM provides diverse trading accounts designed to suit different trader preferences.
- FXTM’s fee structure is considered competitive, especially when compared with industry standards for commission-based accounts, giving traders cost-effective options across various account types.
You will be charged $5 per month after six months of inactivity and most withdrawal methods also have a fee. There are a number of different types of FXTM accounts to choose from, but generally speaking, these account types fall into two categories, the Standard Accounts and the ECN Accounts. Due to AML/CTF laws, FXTM cannot deposit funds to third-party accounts. As a result, all money withdrawn from your account must go to a bank account in the same name as your FXTM trading account.
All FXTM accounts are available in USD, EUR, GBP, or NGN (only Nigerian clients). Keep in mind that FXTM does not have a maximum deposit amount, but individual payment methods may have their own. All non-UK clients can use FXTM Invest, a social trading service and this is an area where FXTM does provide a strong service. From the investor side, you can start from as little as $200 and follow other successful FXTM traders on a professional and intuitively laid out system.
Is FXTM A Regulated Broker?
Beyond videos, FXTM also provides three main guides—What is Forex Trading? These resources do a solid job of explaining essential terms and trading basics, making them well-suited for newcomers. That said, there’s little content aimed at intermediate or advanced traders. The broker could strengthen its educational offering by digging deeper into topics like fundamental analysis and trading psychology. FXTM takes things to the next level with its wide and diverse portfolio of trading and investing instruments. The broker provides 2,200+ CFDs, futures contracts, and real stocks for value investing.
On one hand, its spreads on the Advantage Plus Account are very high compared to its closest competitors, but on the other hand, it charges a very reasonable commission on the Advantage account. Also, while there are no additional fees on top of overnight financing charges, it charges inactivity fees. Finally, let us compare FXTM Advantage Plus Account average spreads with those other major brokerages offered on the three most actively traded Forex pairs. FXTM offers support in many languages, including English, Spanish, Chinese, Arabic and Italian. Traders who want to open an account with the company or those who have already opened an account can receive support in all these languages.
However, while real-world execution might occasionally be slower, it remains within an efficient range for market orders. This can vary due to factors like server latency and market conditions, but FXTM’s execution is still commendable. FXTM exceeds industry standards in safeguarding trader funds through regulatory protections, segregated accounts, and insurance coverage.
Indian trading forums showed divided opinions – some users report smooth transactions, while others warn that most complaints are related to delayed or denied withdrawals. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
The broker’s aggregated Trustpilot score of 3.5/5 is also a factor to take into account whenever evaluating FXTM’s services. The average rating of the broker is based on 1,042 customer reviews, with 54% of them giving FXTM a score of 5 stars and 19% believing it deserved 1 star. The Trustpilot score of FXTM was last updated by our team on August 29, 2025.
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