FXTM operates over 3 different companies supervised by different organizations
ForexTime Limited is supervised by 3 organizations. The Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA) and the Financial Conduct Authority (FCA). License numbers 185/12, 46614 and 600475, respectively.
ForexTime UK Limited is regulated by the Financial Conduct Authority (FCA) and serves under license number 777911.
Exinity Limited is supervised by the Financial Services Commission of the Republic of Mauritius (FSC). License number: C113012295.
FXTM has divided its accounts into two separate categories. There are 3 account types in each category. Accounts and options may vary depending on the country where the customer is located.
You can easily register online at FXTM. It should take few minutes. FXTM does not accept customers from USA, Belize, Japan, British Columbia. The minimum amount you need to deposit varies between accounts.
To open an account;
First, enter your name, mobile phone and email address, and verify the code you received by email.
Then enter your date of birth and address.
Then select your account type, account currency, enter the desired leverage and password.
Your identity and address must be verified to validate your account. To verify your identity you can use a photo of your ID, driving license or passport. And for address verification you can use an invoice such as telephone, electricity, natural gas and water. The invoice must state your name and the address should be the same address which you used while registering. Alternatively, government issued address documents are also accepted.
Your documents will be approved within 1-2 business days after you submit them.
No deposit commission is charged by the firm except for the commission charged by your own bank. For electronic withdrawals, you must pay around 1%. For FXTM account funding, you can transfer directly from your bank account or use your credit card. Popular electronic payment methods are also available for account funding. You can review payment methods in the properties section down below.
FXTM offers moderate spreads for its customers. The product range looks slightly less than its competitors. You can see the available products and spreads for the ECN account (in points) in the visual below. Like other reviews, we recorded the spreads at the last hours of the London session to get objective review results.
FXTM customer service has representatives in China, India, Indonesia, Malaysia, Nigeria, South Korea and Thailand. Customer service provides support via email and telephone. International customers can use the callback feature in their own language. In addition, support can be provided through messaging services such as Whatsapp, Viber, Telegram.
FXTM is regulated by a number of trusted authorities, primarily the FCA. It also provides signal service and copy trade services that are not available in most brokers. The disadvantages are that the products offered for trading are less than their competitors, they charge commission for the withdrawal and there is an operating fee for the passive accounts. You always have the chance to experience the conditions by opening a demo account with the firm.
FXTM
Summary
FXTM operates over 3 different companies supervised by different organizations
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Trading Accounts
FXTM has divided its accounts into two separate categories. There are 3 account types in each category. Accounts and options may vary depending on the country where the customer is located.
2. ECN Accounts
3. Demo Account
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Registering an Account
You can easily register online at FXTM. It should take few minutes. FXTM does not accept customers from USA, Belize, Japan, British Columbia. The minimum amount you need to deposit varies between accounts.
To open an account;
First, enter your name, mobile phone and email address, and verify the code you received by email.
Then enter your date of birth and address.
Then select your account type, account currency, enter the desired leverage and password.
Your identity and address must be verified to validate your account. To verify your identity you can use a photo of your ID, driving license or passport. And for address verification you can use an invoice such as telephone, electricity, natural gas and water. The invoice must state your name and the address should be the same address which you used while registering. Alternatively, government issued address documents are also accepted.
Your documents will be approved within 1-2 business days after you submit them.
Register an Account
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Deposit and Withdrawal
No deposit commission is charged by the firm except for the commission charged by your own bank. For electronic withdrawals, you must pay around 1%. For FXTM account funding, you can transfer directly from your bank account or use your credit card. Popular electronic payment methods are also available for account funding. You can review payment methods in the properties section down below.
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Trading Platforms
FXTM supports Metatrader 4 & 5 software and mobile versions. You can also trade directly with webtrader, like most brokers worldwide.
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Products, Spread and Commissions
FXTM offers moderate spreads for its customers. The product range looks slightly less than its competitors. You can see the available products and spreads for the ECN account (in points) in the visual below. Like other reviews, we recorded the spreads at the last hours of the London session to get objective review results.
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Bonuses
There were 2 promotions on the website during the review.
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Customer Support
FXTM customer service has representatives in China, India, Indonesia, Malaysia, Nigeria, South Korea and Thailand. Customer service provides support via email and telephone. International customers can use the callback feature in their own language. In addition, support can be provided through messaging services such as Whatsapp, Viber, Telegram.
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Conclusion
FXTM is regulated by a number of trusted authorities, primarily the FCA. It also provides signal service and copy trade services that are not available in most brokers. The disadvantages are that the products offered for trading are less than their competitors, they charge commission for the withdrawal and there is an operating fee for the passive accounts. You always have the chance to experience the conditions by opening a demo account with the firm.
Open a Demo Account
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Specification: FXTM
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