FXTM (ForexTime) is a leading global forex trading platform offering a range of features for both novice and experienced traders. This review examines FXTM’s key offerings, security measures, and how it compares to other brokers.
Key Features of FXTM
- Trading Platforms: Supports MetaTrader 4 and MetaTrader 5
- Account Types: Multiple options including Standard, ECN, and Pro accounts
- Trading Instruments: Forex, commodities, CFDs, indices, and precious metals
- Educational Resources: Webinars, seminars, eBooks, and trading glossaries
- Analytical Tools: FXTM Pivot Points Strategy and Trading Signals
Security and Regulation
FXTM is regulated by several reputable bodies:
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Conduct Authority (FCA) in the UK
- Financial Sector Conduct Authority (FSCA) in South Africa
The broker offers a Negative Balance Protection Policy and uses PCI-compliant service providers for transactions.
Comparison to Other Brokers
Pros:
- Strong regulatory compliance
- Support for both MT4 and MT5 platforms
- Extensive educational resources
- User-friendly interface
Cons:
- Trading fees may be higher than some competitors
- Limited cryptocurrency trading options
User Feedback
Users generally praise FXTM for its:
- User-friendly trading environment
- Advanced technology integration
- Helpful educational materials
- Responsive customer service
Some users note that fees could be improved and crypto offerings expanded.
Conclusion
FXTM offers a comprehensive forex trading solution with strong security measures and diverse account options. While it excels in many areas, traders should consider their specific needs and compare fees before choosing a broker.
FAQs
Who founded FXTM?
Andrey Dashin founded FXTM in 2011.
What platforms does FXTM support?
FXTM supports MetaTrader 4 and MetaTrader 5.
Is FXTM suitable for all traders?
FXTM offers tailored accounts and services for different skill levels, but traders should evaluate if it meets their specific goals and preferences.
Remember to conduct your own research and consider your trading objectives before choosing any forex broker.
