To understand whether FXTM is suitable for you or not, I recommend to pay attention to these 3 things: reputation, trading conditions, and regulation.
For how long the company is in the market?
- ForexTime is in the market since 2010.
What are the main advantages here?
- FXTM offers 7 types of accounts (3 standard and 4 ECN) and very flexible conditions. If you search for an ECN broker, ForexTimes is a great option.
Did you find any reasons not to work with this broker?
- We found a lot of negative reviews on various websites. There is no way to check if they are real or not, need to test everything on your own.
Does FXTM have swap-free (Islamic) accounts?
- Yes, FXTM is suitable for Middle-East traders.
What is the minimum deposit amount?
- It is possible to start trading at $100.
Is this broker regulated?
- Yes, FXTM is regulated by CySec (Cyprus Securities and Exchange Commission) and FSB (Financial Services Board).
Anything special about spreads and margin leverage?
- FXTM offers 1:1000 leverage which is the highest option in the market. Keep in mind that these conditions would not be possible under strict European regulation. Overall, the company offers a wide range of trading accounts and flexible conditions.
|Avg rebate per lot||$4.00|
|Trading platform||MT4, MT5|
|Minimum trade size||0.01|
Suspicious reviews that we found
The FIRST and the WORST broker I’ve ever experiences since my first trading. I deposited certain amount to increase the margin levels. My deposit has been delayed on purpose for more than 12 hours, yes more than 12 hours to process a deposit!!! as the result I lost more than US$2000 with 3 positions been stopped out due to margin call. I’ve submitted my request about this problem and the excuse they gave was ridiculous, they said they need time to check my transaction while it was not my first time depositing using my credit card!! the previous time it only took 15 minutes process my deposit, same credit card. At the end they refuse to take responsibility and claim that they did not do anything wrong. I’ve checked the price chart of the pair position got stopped out, if my deposit arrived on time like 15 to 30 mins as usual I wound not have lost my money. In this situation can I sue them or can I directly contact their regulator, I’ve got all evidence from bank statement and deposit history? Please give me some advice, really appreciate.*
*We found this review on Forexpeacearmy.com.
Long passed from the broker to the broker, as a result, while I stayed here, because here I can finally trade normally. Do not take out the foot, do not hang the terminal. Ribeyts I get stably. In terms of withdrawing money, everything is also done very quickly.
A lot of them did not trade, only opened a couple of transactions. At prices, everything is in order, spreads are good, orders work. To withdraw did not try, but the deposit was spent quickly and the account is also quickly opened. So far, everything is in order shorter.
You will not receive money. As soon as the trader has earned more than entered and wants to withdraw this money, problems begin.
Do you want to lose money? That way. Already 3 weeks I can not deduce any profit (have drawn dexterously), nor the enclosed money.
The broker is well suited for serious and experienced traders who no longer need no deposit bonuses and who know how and on what instruments they want to trade. For beginners, of course, everything is there, but experienced here will definitely be comfortable. A large set of trading tools, platforms, additional applications for trading, plus everything is excellent in the quality of execution of orders.
I really needed their program for copying transactions. This of course is also risky and there are no guarantees, but when you start trading odds to get a profit yourself from the very beginning is small. And then you can just copy the traders’ trades, which are already experienced and have achieved good results, so you can immediately get some profit, and then with it either you can trade yourself or simply withdraw.
I like to trade with them. Conditions are some of the best that I’ve seen. The minimum deposits for different accounts are different, you can start with 5 bucks, but it’s better to make a normal deposit and open a normal account. The platform behaves normally. Quotations I checked, meet the market. Transactions are opened and closed quickly.
I’m very glad that I found this broker, because it’s convenient with them – everything is well done and set up, a convenient personal office, you can trade on different platforms, you can use robots. There are a lot of useful tools for traders, analysts and signals, there are PAMM accounts and trading transactions. In general, a serious approach to work.
I have been testing this broker for several months and I have no complaints. Well, they may not have the most interesting bonuses, but they do not really need me, but it can be important for someone who starts. This broker I think is good for those who have long been in forex.