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Software Comparison » FXTM Review

FXTM Broker Review 2024: Your Detailed Overview of FXTM Trading Services

CFD Crypto
ETF
CFD
FXTM
Favicon
4.4/5
Minimum Deposit
50,00€
Deposit Protection
20.000,00€
Amount of Currencies
4
BTC/USD Spread
0,1
Go to FXTM
Bank Transfer
Skrill
Neteller
Visa
Mastercard
T&Cs apply, 18+
FXTM
Favicon
4.4/5
Minimum Deposit
-
Order Fee National
-
Licence
CySEC - Cyprus Securities and Exchange Commission
Saving Plans Available
No
Go to FXTM
Bank Transfer
Skrill
Neteller
Visa
Mastercard
T&Cs apply, 18+
FXTM
Favicon
4.5/5
Minimum Deposit
50,00€
Deposit Protection
20.000,00€
Trading Costs
-
Mini Contracts
No
Go to FXTM
Bank Transfer
Skrill
Neteller
Visa
Mastercard
T&Cs apply, 18+
Details
Payment Methods

In the dynamic world of online trading, FXTM stands as a beacon of innovation and expertise. Founded in 2011, this broker has swiftly climbed the ranks, establishing itself as a formidable presence in the Forex and CFD trading space.

Navigating the complexities of economic markets requires a reliable partner, and this FXTM review digs into how the platform equips traders with a robust suite of tools and services. With a commitment to education and customer support, FXTM creates an environment where both novice and experienced traders can thrive, fostering a community where strategy and skill converge for trading endeavors.

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FXTM: Pros & Cons
  • Generous Bonus Offer
  • Educational Resources
  • Advanced Charting Tools
  • Regulatory Compliance
  • Social Trading Option
  • Complex for Beginners
  • Limited Innovative Features
Payment Methods
Bank Transfer
Skrill
Neteller
+
License
CySEC - Cyprus Securities and Exchange Commission
Company
ForexTime Limited
Founded
2011
Website
forextime.com
Available Languages
EN
Customer Support
Live Chat, Email Support
Phone
00357 25 558 777
Overall Rating
4.4/5
  • Usability, Look & Feel
    4.3/5
  • Payment Methods
    4.3/5
  • Customer Service
    4.3/5
Payment Provider Safety
Bank Transfer very high
Skrill high
Neteller high
Visa high
Mastercard high
Last Updated on April 16, 2024

Trading Usability — Great Modern UX

In my FXTM trading platform tour, I found the overall usability top-notch, with a user experience addressing novice and seasoned traders. Navigating through the platform is a breeze, thanks to its intuitive interface. From the moment I landed on the homepage, I experienced a sense of clarity and ease that made me confident in exploring the various features available.

One aspect that I particularly appreciated was the abundance of educational resources FXTM provides. It is a goldmine of information for new traders that can significantly help flatten the learning curve. The materials range from step-by-step tutorials to in-depth webinars designed to boost trading knowledge and skills. This focus on education is a testament to FXTM’s commitment to empowering traders.

The platform’s sleek and modern design has a layout that allows quick access to essential tools and functions. Everything feels within reach, whether it’s executing trades or analyzing market trends. The platform accommodates users of varying experience levels by offering customizable features. Traders can tailor their dashboards and charts to match their preferences, a handy feature.

FXTM stands out for its user-centric approach. The platform strikes a delicate balance between offering advanced tools for experienced traders and maintaining simplicity for those just starting out. My FXTM review reflects a positive experience concerning the platform’s usability and sets a high standard for what traders should expect from their brokers.

FXTM
4.4/5
FXTM ETF
T&Cs apply, 18+
Go to FXTM
FXTM Highlights
  • Wide ETF Selection
  • Low ETF Fees
  • Transparent ETF Trading

Trading Mobile App — Seamless Trading on the Go

The app’s clean and intuitive design makes it easy for traders to navigate and execute trades efficiently while on the move. I found that the app addresses the needs of traders who require the flexibility to manage their accounts and respond to market changes from anywhere at any time.

The availability of trading tools on FXTM Trader is commendable. The app provides real-time market updates, which I found crucial for making informed decisions in the fast-paced trading environment. Including order management tools, such as stop-loss and take-profit orders, heightens the mobile trading experience by allowing users to implement risk management strategies effectively.

One unique feature that stood out to me is the direct access to the MyFXTM portal through the app. This integration enables traders to perform account management tasks without switching between different applications, which is a significant time-saver. Additionally, the app offers comprehensive market charts and analysis tools, ensuring that traders can access the same level of detail as they would on a desktop platform.

While the FXTM Trader app is robust, the screen size of mobile devices might limit the visibility of detailed charts and extensive data, which is a minor limitation for some users. However, the app’s design addresses this by optimizing the display to fit the smaller screens without compromising on the wealth of information provided.

Overall, I found that FXTM holds its own with a strong emphasis on mobile optimization and user experience. My FXTM review concludes that the FXTM Trader app is a powerful and convenient tool for traders who prioritize mobility without sacrificing the depth and functionality of its trading platform.

Trading Bank Accounts — Simplifying Monetary Transactions

In my scrutiny of FXTM’s bank account integration, I experienced a streamlined process that facilitates a smooth financial experience for traders. Linking a bank account with the FXTM trading platform is straightforward, with clear instructions and support readily available. The accounts supported include major currencies like GBP, USD and EUR, which cover a broad spectrum of traders’ banking preferences.

What I particularly appreciated was the security measures in place. FXTM uses advanced encryption to protect financial transactions, ensuring that my personal and financial details remain secure. The peace of mind this provided cannot be overstated, especially in an online environment where security is paramount.

Transfer times were another highlight of my FXTM review. Deposits are instantly processed so that I can capitalize on trading opportunities without delay. Withdrawals are also processed within an impressive 24-hour timeframe, although the actual funds’ arrival in my bank account took a few business days, which is standard across the industry.

However, it’s important to note that while the integration is efficient, some banks may not allow credit or debit card deposits. In such instances, FXTM provides alternative methods or the option to contact their support for assistance, which I found to be thoughtful.

Compared to my experiences with other brokers such as you can see in the eToro review or the Capital.com review, I noticed that FXTM particularly emphasizes user convenience and security. Integrating bank accounts with FXTM’s trading platform certainly boosts the overall trading experience by simplifying transactions and allowing traders to focus on what they do best — trading.

Bank Transfer
Skrill
Neteller
Visa
Mastercard

Trading Platform Usability

FXTM’s trading platforms offer a seamless trading experience that addresses the varying needs of traders. It provides access to industry-standard platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), renowned for their robust functionality and ease of use. These platforms have various trading tools and features that can improve the trading experience significantly.

One of the standout aspects of FXTM’s platform offering is the availability of advanced charting tools and various technical indicators. It allows traders to conduct thorough market analysis and make informed decisions. The platforms also support automated trading through Expert Advisors (EAs), a boon for implementing algorithmic strategies.

I noticed that  MT4 and MT5 are available on desktop, web and mobile, ensuring that traders can manage their portfolios and trade on the go. The mobile apps, in particular, are intuitive and offer a range of features that mirror the desktop experience, such as one-tap trading, real-time quotes and full account management capabilities.

However, while MT4 and MT5 are powerful, they may have a learning curve for absolute beginners. Despite this, FXTM mitigates the challenge by offering extensive educational resources to help users navigate and make the most of the platforms.

I found that FXTM holds its own with its platform choices, similar to what I reported in the Kraken review. Both MT4 and MT5 are widely respected in the trading community, and FXTM’s implementation of these platforms provides a solid, reliable trading environment. Although the platforms lack some of the social trading features found in the eToro platform, they excel in analytical capabilities, which may appeal more to traders who prioritize technical analysis in their trading strategy.

Trading Regulation & Deposit Insurance — Ensuring Trader Security

The platform has taken substantial measures to ensure the safety and confidence of its traders. Understanding the importance of regulation and deposit protection, FXTM is licensed by reputable economic authorities, including the Financial Services Commission (Mauritius) and the Capital Markets Authority of Kenya. These regulatory bodies enforce strict guidelines that FXTM must adhere to, significantly contributing to the platform’s reliability.

One of the standout features that instilled confidence in my assessment of FXTM was their client insurance fund, which offers protection of up to $1 million. This level of insurance goes above the industry standard of $20,000, showcasing FXTM’s commitment to safeguarding client funds. In the event of insolvency, this insurance ensures that traders’ investments are well-protected, a crucial aspect of any trading platform’s trustworthiness.

Additionally, FXTM employs rigorous safety measures, such as segregating client funds from the company’s operational finances, which are kept in top-tier banks. This separation of funds is a critical safeguard that prevents the misuse of clients’ money. Furthermore, using SSL protocol for secure transactions and a strong focus on privacy protection further improve the security framework of FXTM.

As in the VT Markets review, I noticed that FXTM’s robust regulatory compliance and exceptional deposit insurance are commendable. These factors are vital in building trader confidence and underscore FXTM’s dedication to providing a secure and trustworthy trading environment. In my FXTM review, the platform’s approach to regulation and deposit insurance is a testament to its integrity and responsibility in the economic trading environment.

CySEC - Cyprus Securities and Exchange Commission
FSCA - South African Financial Sector Conduct Authority
FCA - Financial Conduct Authority

Trading Additional Features — Enriching Your Trading Experience

Exploring FXTM’s platform, I was particularly drawn to the additional features that go beyond the standard offerings of a trading platform. These features are not just bells and whistles; they serve practical purposes that cater to the diverse needs of traders.

One standout feature is FXTM’s advanced charting tools. These are incredibly useful for conducting technical analysis. The charts are highly customizable, which means that whether you’re a novice or an experienced trader, you can set them up to suit your trading style and preferences. The range of technical indicators is impressive, and the ability to save chart templates for future use streamlines the trading process.

Another aspect that caught my attention is FXTM’s approach to social trading. Through FXTM Invest, traders can follow and copy the trades of experienced strategy managers. This feature is a boon for beginners who are still learning the ropes, as it allows them to benefit from the expertise of seasoned traders. It also adds a social element to trading, enabling users to join a community and share strategies.

The educational resources provided by FXTM are comprehensive. I noticed a dedication to trader education evident in the quality of their webinars, articles and ebooks. These resources are invaluable for continuous learning and staying updated with market changes and trading strategies.

The additional features enrich the trading experience and provide a supportive environment for growth and development in the trading field. My FXTM review acknowledges these features as significant advantages for any trader leveraging a platform’s full potential.

FAQ: FXTM

🔍 How does FXTM ensure the security of my investments?

I found that FXTM places a high priority on the security of client funds. They are regulated by several financial authorities, including the Financial Services Commission (Mauritius) and the Capital Markets Authority of Kenya, ensuring adherence to strict financial standards. Additionally, FXTM provides a client insurance fund that offers protection of up to $1 million, significantly exceeding the industry standard.

📈 What trading platforms are available with FXTM?

FXTM offers the widely acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for their advanced charting, automated trading through Expert Advisors (EAs) and customizable interfaces. These platforms are designed to address the needs of both novice and professional traders, giving access to a wealth of educational resources and market analysis.

📚 Does FXTM provide educational materials for new traders?

FXTM is committed to empowering traders with a comprehensive suite of educational materials. They offer a wealth of resources, including step-by-step tutorials, in-depth webinars and articles to help traders of all levels boost their knowledge and trading skills. This focus on education is particularly beneficial for new traders looking to understand the markets and develop effective trading strategies.

📱 Can I trade on the go with FXTM?

Absolutely. I found that FXTM offers a mobile trading app called FXTM Trader, which provides a seamless and pleasant experience for trading on the go. The app includes real-time market updates, order management tools and direct access to the MyFXTM portal for efficient account management. The app is available for Android and iOS devices, ensuring you can manage your trades and respond to market changes anytime, anywhere.

🌐 How does FXTM's social trading feature work?

FXTM’s social trading feature, FXTM Invest, allows traders to follow and copy the trades of experienced strategy managers. I experienced this feature as a practical tool for beginners who can learn from the success of seasoned traders. It’s also an excellent way for more experienced traders to diversify their trading strategies by observing and incorporating techniques from their peers within the FXTM community.

My Verdict — FXTM Stands Out as a Top-Tier Broker

n my comprehensive FXTM review, I found that this platform distinguishes itself as a top-tier choice for traders of various experience levels. Throughout the review process, I experienced a platform that perfectly balances advanced functionality and easy-to-use design. My FXTM experience was marked by its robust educational resources, a wide array of trading tools and a strong emphasis on customer security and satisfaction.

FXTM’s commitment to providing a secure trading environment is reflected in its regulatory compliance and exceptional client insurance fund. These aspects build trust and reliability, which is crucial for any trader. Compared to my experiences with other platforms, including eToro, Capital.com, Kraken and VT Markets reviews, FXTM stands out for its dedication to trader empowerment and protection.

The additional features, such as advanced charting tools and the social trading component through FXTM Invest, add significant value to the overall trading experience. These elements allow traders to engage with the markets more effectively and learn from the community. The platform’s usability, both on desktop and mobile, ensures that trading can be conducted seamlessly, regardless of location or device.

My FXTM review has led me to regard this broker as an excellent all-rounder in the online trading scene. It offers a comprehensive trading environment that caters well to the needs of both novice and professional traders. With its competitive offerings, educational support, and robust regulatory framework, FXTM earns its place as a highly recommended platform for anyone navigating the complexities of the financial markets.

FXTM
4.4/5
Rating
Go to FXTM
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Our Team
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