Clients who are EU domiciled can take advantage of the FXTM INVEST copy trading program. Market analysis videos and a selection of forex news is also made available in this area. These include Hussein Al Sayed an expert on the MENA area, Lukman Otununga, a macroeconomic events analysis expert, and Han Tan, a SE and Asia Pacific area expert.
Leverage
This level of support is crucial for beginners, as it helps them navigate any challenges they may encounter during their trading journey. Another popular program is the ongoing Loyalty program, which offers you actual cash, not points or virtual cash. You earn $5 (or equivalent) in real cash that you can withdraw or use for future trades. The provision of webinars relating to the basics of forex trading is beneficial for entry-level traders. Both MetaTrader platforms come packed with powerful software tools that can take a bit of getting used to, and FXTM scores points for supporting its clients in this way.
Education
Additionally, Forex Time offers a demo account feature, which allows beginners to practice trading in a risk-free environment using virtual money. This feature enables them to test different strategies and gain confidence before risking their own capital. The different account types allow you to maximize profitability and minimize fees and commissions.
Companies in the FXTM Group offer regulated trading to clients around the world. The different entities are regulated in three jurisdictions, and individual cover is determined by where someone lives. Both MT4 and MT5 offer a range of tools luno exchange review and indicators that would take a trader a long time to completely understand. The pricing is transparent, with the lead trader keeping a share of the profits made for the following account. The profit split varies, and some that we reviewed during the testing process ranged from 10% to 50% of profits being retained by the lead trader.
The sheer number of CFDs to trade on some of the highest leverage available makes FXTM a clear choice. I had to withdraw part of my money, and I had difficulties with the procedure. The account manager, Najib Atallah made exceptional efforts to help me out. He legacyfx review understood my situation, articulated to me why there is difficulty from FXTM’s side, and listed to me the various options I have. Then worked with me and the Backoffice relentlessy to get things resolved.
I believe he is a great example of account manager that do care about customers and make them happy while at the same time, keep the company’s procedures adhered. Thank you for detailing your experience with our super-awesome Account Manager – Najib Atallah. FXTM always “gives you more” and this is reflected in the world-class support we offer our clients.
By selecting a suitable trader to follow, beginners can replicate their trading strategies and potentially profit from their expertise. This can be particularly valuable for beginners who lack the time or knowledge to conduct their own market analysis. There are no fees for this account type and you do not have to share your trading strategies – just your trades.
Please do not post false/negative reviews if you are not a real customer of FXTM. This review will be considered as a spam review with the aim of negatively affecting our brand reputation. Deposit/withdrawals were processed very fast…..My account Manager Mr Robin Saini is very polite and always ready to help regarding any issues.. If you require more tools along with powerful customization you better choose the Desktop version. MetaTrader supports all kinds of devices including PC, and MAC as well as an accessible Multi Terminal that is useful for money managers.
MetaTrader 4
- FXTM services through their website are available in more than 10 languages.
- It requires a minimum deposit of $25,000 or currency equivalent to open.
- There is some work involved in the selection process, but FXTM does provide a range of standard metrics that fill in some of the gaps.
- If you’re looking to take advantage of movements in an entire country’s stock market, you’re still able to trade index CFDs on MT4 with FXTM.
FXTM does not specifically support social trading, though users of the MetaTrader platforms can share ideas with other members of the MetaTrader community. The MetaTrader platforms, MT4 and MT5, which form the FXTM desktop trading service base, are available for free download to mobile and tablet devices. They come in Android and iOS versions, and the WebTrader service can be used on tablet devices. Having the MetaTrader indicators is one thing but having the host platform provide learning resources to support their use is another. Not all brokers take the trouble that FXTM does to help clients maximise the benefits of the powerful software that is to hand. The information is clearly laid out, and as is often the case with brokers, the most transparent ones tend to be those with the most to shout about.
Can I withdraw from FXTM?
This ensures that FXTM worldwide has some of the very best regulation in the business in place. This is not only something that is widely respected in the industry, but also keeps you very well protected as a trader. One of the great perks is that you have full control here and only pay a fee on profitable trades to the strategy managers. FXTM’s minimum deposit for residents of South Africa is only $200. FXTM caters to most international traders, including the UK, India, Malaysia, and the Philippines. PricewaterhouseCoopers Limited (PwC) also audits select performance statistics, and FXTM remains one of the more transparent brokers.
What is the minimum deposit for FXTM?
Hong Kong equities face additional fees, which also remain very low. You can, however, trade all the major markets offered by FXTM directly from your charts in the MT5 platform and access several exclusive features that we go over below. Concluding the FXTM review, we admit that FXTM gives quality trading potential for both beginners and experienced traders or investors and FXTM is one of the leaders in Forex Trading.
Traders in the FXTM Pro Account have no restrictions on trading strategies, can use the MT4/MT5 trading platforms, while the minimum transaction size remains 0.01 lots. I like that Forextime continues to adjust to market and regulatory changes, ensuring traders maintain a competitive edge. The degree of transparency is another positive I want to point out. Big Four accountancy PricewaterhouseCoopers Limited (PwC) audits published statistics per International Standard on Assurance Engagements (ISAE) 3000. Our 2024 FXTM review has rated them the best forex education broker.