FXTM is an online Forex and CFD broker launched in 2011. It is the International Forex Brand of Andrey Dashin who has previously launched other forex businesses. Its management team have several decades of experience. FTXM is a Metatrader broker only.
FXTM is regulated under several jurisdictions, with the main one through Belize.
FT Global Limited is licensed by the International Financial Services Commission (IFSC).
The objective of the IFSC is, amongst others, the promotion and development of Belize as a center for international financial services, as well as the effective supervision and regulation of international financial services.
FT Global Limited is licensed by IFSC offers the following services:
It is also regulated by CySEC, FSCA, and IFSC.
FXTM has over 1m clients, with more than 200 employees and customer support that is offered in more than 18 languages. You can trade over 250 instruments and you have the option to open demo accounts.
FXTM has very high client approval from service to funds processed to receiving feedback.
FXTM offers two main types of accounts; Standard and ECN, both of which offer sub-accounts that are suited for various forms of traders and investors. Below is a break-down of the various accounts offered.
As can be noted from the above – leverage is available for up to 1:1000 for customers that use the standard account with $100 minimum deposit.
Accounts are only available in USD/GBP/EUR/NGR.
With regards to the ECN Accounts, there are various forms ranging from beginners to VIP (minimum deposit is $25,000).
The Spreads are low on the ECN accounts, and they range between 0 to 0.5pips depending on the account type.
FXTM also provides the FXTM Invest/Strategy Manager which is basically their copy trading module.
Deposit/withdrawal can be made in various forms, such as credit/debit cards such as VISA, MasterCard and Maestro, Bank Wire Transfer and e Wallets such as Neteller, Skrill, fasapay, WebMoney, UnionPay and BitPay. These options are quite exhaustive and compares well to other brokers. Please see below for further information. FXTM does not offer the ability to deposit or withdrawal from Paypal accounts.
FXTM offers various types of products. These include; Forex, Spot Metals, Commodities, Indices, Stocks and Cryptocurrencies. Trading is conducted in CFDs.
FXTM provides negative protection balance, something that is key for a good broker. In addition, FXTM has a very good Order execution speed, Slippage and Requotes.
Customer Support: FXTM offers 24/5 customer support in 18 different languages.
FXTM offers trading platforms for the commonly used Metatrader (MTD4 and MTD5) platforms. It is a user friendly platform that will keep most traders happy.
In addition, FXTM offers mobile version of their trading platforms with apps for both Android and iOS based mobile phones and tables.
FXTM is a decent broker that offers the basic things a trader/investor needs. The broker offers an education center as well with webinars and video tutorials.
FXTM has large library of educational material, offering various forms of educational tools from articles, videos, webinars, glossary to e-tutorials. Webinars are offered on partially frequent basis adjusted to level of trading experiences. Below is a brief examples of what is offered.
The tutorial webinars are easy to understand and led by good educators/experts. These are updated regularly and are helpful explaining various aspects of trading. The Glossary is extensive and useful.
FTXM has a good research site, the Daily Market Analysis. The trader has access to news, tools and calculators, economic calendar and other great features.
FTXM provides an extensive set of trading tools. Below is a sub-sample of which tools are available such as: Trading Signals and Pivot Point Strategy. We give it a big thumbs up.
Trading Signals tools.
The Economic Calendar is easy to navigate and provides relevant information.
FXTM Platform is simple and userfriendly. FXTM uses the most used industry standard, Metatrader Trading Systems. Subsequently, for traders that used other brokers with Metatrader, most functions are recognizable. Please note that the Demo account is only available for the MTD/4/MTD5 platforms.
Basic layout functionality is simple and easy to use. Initially, the trader has the “Market watch” in the top left corner, which is different FX pairs. Subsequently you can use the “Navigator” bar, which allows various forms of analysis/technical indicators to be studied. To the right you have the charts section.
Placing order functions are straight to the point and fairly simple to use. Finally, the bottom of the page shows the “Terminal” Bar, which displays previous trades, outstanding balance, exposure, news and expert features.
The charting functionality of FXTM is simple and clean. This works well for the beginner trader that does not want to have too many signals that affect the trading. For an advanced trader, these features might be lacking.
Placing an order on FXTM platforms is simple, as can be seen below. Putting buy/sell orders both on market and stop-loss orders is done with a click.
Charting analysis can be somewhat simplistic, but these functions work well for the less advanced investor that wants to focus on a few pairs and most important indicators. More advanced traders might prefer more bells and whistles on the charting analysis tool.
FTXMs mobile platform is intuitive and easy to use. It provides the most important features that are available on the online function.
Placing an order works well, and has the same layout as the web version.
Balance and exposure functionality are also easy to follow on the mobile app.
The charting functionality on the mobile version is good and provides relevant tools.
In addition to the MTD4 trading app, FTXM has its own app called ForexTime which can be downloaded for both iOS and Android which provides substantial additional data, and information not available on the MTD4 app.
Beyond offering pricing quotes, ForexTime App also provides latest news, various trading tools, Market Analysis, Economic Calendar and more. The ForexTime App initial dashboard page provides a good summary of what is happening. To summarize; the ForexTime App provides all the tools that are available on the web-trading format. This app is easy to use and provides a great mobile app for the trader on the go.
FXTM offers an Economic Calendar Feature.
FXTM is good price competitive CFD broker. Their web-based and online platforms are user friendly and intuitive. The company offers a wide range of tools for research and learning.
The mobile trading app is simple to use and provides basic tools for most traders. In addition the company has developed its own app that provides all the information, news and tools that are available on the web-based platform.
Being a CFD broker FXTm makes all revenues from the spread it charges. Below is a sample size of various spreads/fees that FXTM offers for its ECN MT4 account. Please visit their website for further details.