The various deposit methods include FasaPay, Baokim, Local Exchange House and many others. For a full list of accepted deposit methods take a look at FXTM’s deposit and withdraw page. Other methods include Visa or Mastercard, cryptocurrencies and Skrill/Moneybookers. While the Demo Contests are meant for practice only, the Live Contests give you the opportunity to win cash prizes and prestigious titles. Contests are a great way to hone your trading skills and learn more about trading.
FXTM offers six FX indices trading options, including GBP Index, USD Index, Euro Index, GYP Index, AUD Index, and NZD Index. Traders can start trading forex with FXTM and enjoy competitive leverages, spreads, and convenient trading hours. While trading in a speedy market like Forex and CFD trading, choosing a broker that executes trades efficiently is important.
This information can help traders decide which currencies to trade. A pip is a unit of measurement which is used to show the change in the exchange rate between two currencies. However, the calculation for pips is a bit tricky and time-consuming. Hence, the FXTM pip calculator tool comes in handy, and the pip value will vary depending on the size of the position and the currency pair. Whatever kind of trader you are, you can be confident that FXTM is a safe way to make foreign exchange trades.
Range of Trading Instruments
I always recommend that traders check them before evaluating the total trading costs. Thank you for your honest comments and we’re glad you are having a hassle-free trading experience with FXTM. We always do our best to improve our processes so our clients enjoy their time with us. If you have any suggestions for improvement, please do share it with us and we will do our best to implement them.
One of the innovative tools offered by Лайм ФХ is FXTM Pivot Points Strategy which lets you identify the market sentiment immediately. Those who prefer videos over reading will appreciate the daily market analysis videos. These come from Лайм ФХ’s market research team and include things like the latest market opportunities.
FXTM trading fees
Articles and brief discussions are available to all traders on their social media platforms. There is a huge list of notes under the account specifications, offering some deeper information about their trade. According to the website, only Nigerian clients can have NGN accounts. They also leave the sole limefx company reviews discretion to change the leverage for forex and spot metals before the trading sessions end. Oh, it isn’t all sunbeam and champagne – there are those hefty withdrawal fees, after all. As this FXTM review has already pointed out, customer support and cryptocurrency trading are not available 24/7.
This also gives you the ability to become more acclimated to the usage of the tools before putting your hard earned capital to work. When selecting an appropriate Forex broker, one of the checkboxes that needs to be filled is reliability. The registration and account opening process at FXTM is simple and completely digital, as per our FXTM review. The online registration takes about 25 to 30 minutes to complete, and even a demo account is easy to open. Follow the simple steps mentioned here to open an account with the FXTM platform. Traders can find additional opportunities while trading on CFD commodities with FXTM.
FXTM Pros and Cons
Within each service you can find the amount requirements as well as processing times. Each processing time may vary but you’ll need to understand them, as you’ll want to have the ability to plan accordingly. While most of them are time-bound offers, a few are regular features of the online broker. Furthermore, if you want to trade but not download any of the software there is a web-based trading for MT4 and MT5 called WebTrader. To achieve this, you simply log in to your FXTM account, open the platform and begin trading. This affords you the ability to trader from anywhere with an Internet connection and from any computer, even if the software isn’t installed.
Make getting your money back easier by calling our professional team today to get your chargeback started. The Forex Time broker in the UK operates as a separate company, Лайм ФХ UK Limited. They have a current FCA license, allowing them to offer investment products there. FCA regulations also mandate segregated client funds and client insurance in the event that the broker collapses. The FCA is widely regarded as one of the top financial regulators in the world. The company generates funds from commissions and spreads that are charged on overnight financing markups and trades.
- Let us now learn more about the deposit and withdrawal options offered by FXTM, followed by trading and non-trading fees, FXTM commissions, & more.
- Thus, ensuring the data gets sent to the proper server and customer terminal.
- Apart from the positive and high regard from the clients in terms of its good reputation, FXTM also supports a great range of languages, so you always may count on help whenever you needed it.
- One of the innovative tools offered by Лайм ФХ is FXTM Pivot Points Strategy which lets you identify the market sentiment immediately.
Security is likely linked to whether you’re trading with FXTM Europe or FXTM Mauritius. This FXTM review clearly shows that it can be hard to tell whether your account falls under the authority of a good financial regulator. Anyone choosing the FXTM forex broker will be happy to find some minor and exotic pairs available. There are many CFD options for FXTM stocks, with over 100 different US and European stocks to choose from. At first glance, our FXTM review shows the broker to be very well regulated.
With so many different definitions for traders to learn, FXTM have compiled a vast glossary of terms and definitions that is freely available on their website. FXTM takes regulation and transparency very seriously with internationally-recognised licences held by the brand. Regulations are in place to ensure that the broker operates with the upmost fairness and integrity whilst they must comply to strict regulatory rules. Strict regulation in multiple jurisdictions can help to give clients peace of mind that they are using a trusted and transparent broker. During this review, we found that FXTM is a large Forex broker with a global reach and operations.
What is FXTM?
Лайм ФХ provides technical and trading support as well, exclusive privileges for VIP clients, and makes it easy to open accounts. As mentioned before, more than 90 percent of the feedback from clients regarding Лайм ФХ is positive. This is a very strong indicator that the company has great customer service and client satisfaction. There are also forex trading strategies, forex trading videos, general forex educational videos, and educational articles. Clients can also find tutorials on a range of subjects, and a periodic table with investment terms.
The micro account spread starts from 1.5 with zero commission. The FXTM spreads for the advantage account is 0, while the commission is the average of $0.40 – $2 based on volume. On the other hand, the spread for Advantage Plus account is 1.5, which has zero commission.
Regulation & Company Information
FXTM maintains 60 currency pairs, 8 commodities, 21 index CFDs, 802 equity CFDs, and 639 US-listed stocks. The choice of commodities and index CFDs is limited, but the overall selection of trading instruments is competitive. I also like that Лайм ФХ offers 639 stocks for direct investments, albeit only US-listed ones. Overall, the tradable assets at FXTM will best suit Forex and US equity traders. This FXTM review attempts to cut through some of the corporate complexity of this enormous CFD and forex broker. With multiple branches in multiple countries, traders can have trouble telling which financial regulator their accounts are under.
Min Deposit
You can choose from bank transfer, credit card, and electronic wallets for withdrawal. You can use the same electronic wallets as for depositing, except Alfa-Click, Western Union Quick Pay, and Dotpay. https://limefx.biz/ If you want to open a corporate account, you have to send an email to FXTM. If you are a non-EU client, you can also trade commission-free with real stocks from the NYSE and NASDAQ stock exchanges.
CySEC regulations ensure that traders will be, at least partially, compensated if the broker were to become insolvent. Once you are confident about trading and want to open a live trading account, you can choose from the following types of trading accounts. Overall, the FXTM pro account has lower spreads, more liquidity and faster execution speeds. Out of all the accounts FXTM offer, this would most likely be the preferred choice for professional traders, institutional traders and hedge fund managers.
According to Лайм ФХ, the company publishes all these statistics to reset the benchmarks and standards of the forex industry. FXTM shares its performance statistics on its website to deliver transparency and show potential clients what they can expect from the broker. You can have up to 100 orders or pending orders with this account type. This type of account has a margin call at 40 percent and a stop out at 20 percent.