Remember to check the terms and conditions of promotions and contests before getting started – challenging minimum thresholds and requirements may be set. Occasional bonuses and promotions are available, though these are limited to the global subsidiaries only due to ESMA restrictions on financial incentives introduced in 2018. Additionally, FXTM (ForexTime Limited) is a member of the Investor Compensation Scheme (ICF), whereby eligible retail clients are protected in the case of business insolvency. If you request to withdraw your funds following no trading activity, FXTM reserves the right to charge a 3% fee of the total withdrawal amount.

FXTM Advantage Account

Whether you’re an experienced trader or completely new to it, we’re here to help you get more from the financial markets. With the right licensing and regulation, those who chose to trade with us would be able do so with full peace of mind. We agreed to keep customer funds segregated, so no one would be out of pocket if things went south.

Deposits

All trading here is done with virtual funds but in an environment that perfectly replicates what live trading would be like. FXTM, also known as ForexTime, is a legitimate brokerage with multiple industry awards and accolades. The firm is also regulated by tier-one financial bodies, including the FCA in the UK.

These include 3 standard indices in the form of the DAX 30, ASX 200, and UK 100. There are also 2 US mini indices for trading at a lower risk in the form of both the NASDAQ and SPX 500, both mini. The fee is charged after being inactive for a period of 6 months and is charged at a monthly rate of 5 EUR, USD, or GBP based depending on your chosen base currency.

The only exception you may find is xcritical scammers if you deposit currency does not match a base currency then you may have to pay a conversion fee. Here is a more detailed look at deposits with FXTM in terms of the minimum deposit required, methods available, and any fees you may encounter. ForexTime, better known as FXTM, is a well-known forex broker famous worldwide, but especially among African traders. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare the markets and instruments offered by FXTM and its competitors.

Market news and trading tools

1. MT5 with FXTM is available only if you have an ECN account and it still may not be available in some countries.
2. If you do not have enough money in your account to cover the fee, then the broker reserves the right to close your account.
3. The FXTM leverage which is available to you will depend on a couple of factors.

Commission fees are relatively low and competitive vs the industry average for CFD trading. Ultimately, there is a pricing structure that will suit all trading xcritical reviews styles. Experienced traders may also use these guides as a refresher. Since we launched in 2011, over 3 million people have joined FXTM and thousands of new traders continue to join us every month.

We were offered a free pip calculator and profit/margin calculator when we traded with FTXM, alongside expert market analysis. For many retail clients worldwide, this is the go-to platforms for trading, with an excellent reputation. And after the platform, we are confident it is suitable for new and experienced investors.

Check out our guide to gain the fundamental understanding and strategic insi… It has taken the best trading platform around, and advanced it even further. It is also an extremely robust platform which can run on almost any machine.Swap free trading with FXTM is made available through this trading platform. A total of 5 indices are available to be traded as CFDs with the broker.

As one of the successful brands running within Exinity Group, we’re specialists in giving you the potential to make financial returns on a range of financial markets. Whether you’re an experienced trader or completely new to it, we’re here to help you reach your goals. The first currency is called the base currency and the second currency is called the quote currency. So for example, EURUSD, means that the base currency is t…

As there is no rollover fee charged on this account type to fully comply with Sharia law, then FXTM may charge an additional fee with the account. An excellent and frequently chosen option for new traders and those seeking to lower risk is the FXTM Micro Account. The minimum deposit here starts from just $10 or 10,000 NGN which makes it extremely accessible to traders. This is great as it means they do not ever expire unless you are inactive for a period of more than 60 days.

FXTM spreads and commissions are available as floating spreads only. The lowest available spread is 0 pips but this is on the FXTM Advantage account. xcritically there are three main currencies available as the FXTM base currency in the form of the USD, EUR, and GBP. The NGN (Nigerian Naira) is also available within Nigeria and other African countries. Added to that, exotic currencies are not available to be traded with this account. With that said, it is still perfectly compliant for Islamic trading.

What Is The Minimum Deposit For An FXTM Trading Account?

FXTM offers a high-grade demo account that enables individuals to hone their trading skills before investing their hard-earned cash. Additionally, the broker has introduced FXTM Trader – an investment app designed to modernize the trading experience. Similar to MT4, this proprietary app is offered in both iOS and Android formats. FXTM trading fees vary depending on account type and instrument.

FXTM is a good pick for active day traders with fast order executions, ECN accounts, tight spreads, and a VPS to run automated strategies. Clients can also day trade on the popular MT4 platform and mobile apps. We are a globally regulated broker, and for the safety of all our clients we offer segregated funds protection. To this end, FXTM engages all of the tools provided by the trading platforms to assist you. When it comes to trading costs with this account type, spreads start from an excellent value 0.1 pips along with a $2 per lot traded commission.