FXTM Review: The best Broker for South Africans?

With its Headquarters in Cyprus, FXTM or forextime.com has been one of the rapidly growing brokers in the industry. The company boasts a dramatic rise in the number of clients and has more than 1,000,000 registered accounts across the globe. Established in the year 2011, FXTM has gained popularity in very less time and has become a global trademark. FXTM has a long list of awards that it has received in a very less span of time which includes “2016 Best FX Broker” award, “2016 Top Customer Service Provider” award, and “2016 Top Customer Service Provider” award and has risen to become the leader in the industry. The vision FXTM is to provide traders with a unique trading environment with exceptional trading conditions, highly advanced education, and outstanding trading tools in the industry. The mission of FXTM is to make its clients, partners, and professionals invest their time wisely. This review will cover the entire services of the company that include funding methods, trading instruments, and trading platforms among others.

Why should you trade with FXTM?

  • FXTM has more than 250 trading instruments that include forex currency pairs, CFDs, ETFs, Futures, commodities, and precious metals.
  • It provides you with more than 30 payments options with zero deposit fees and minimum deposits as low as $5. (more on fxtm account types)
  • It also has an application for mobile devices (both iOS and Android)
  • FXTM has been regulated in a number of jurisdictions such as CySEC, IFSC, and FCA. More than 18 languages are supported and there is a constant addition of new languages.
  • FXTM provides you with competitive spreads and quick execution.
  • FXTM provides you with a 24*7 customer support via live chat, email, and call and has multi-lingual staff capable of dealing with queries from across all regions.
  • FXTM also offers you with investment programs such as FXTM invest and copy-trading solutions.
  • FXTM also provides you with signal services, a market analysis portal, and a host of trading tools.
  • It provides cryptocurrency trading feature that offers traders the exposure to popular cryptocurrency pairs.
  • FXTM offers two types of promotional programs that include trading contests between traders and efer to a friend’ offer.
  • FXTM has strict rules against accepting traders from US.

FXTM Trading Platforms

FXTM provides you with extremely reliable trading platforms that include MetaTrader 4 (MT4) and MetaTrader 5 (MT5) in the online financial markets. MT4 has been popular for quite some time because of its easy to use platform customizable charting packages. MT4 is one of the safest online trading platforms that use end to end encryption. MT5 is a successor of MT4 and has improved navigation interface particularly for traders using multiple accounts and adaptive MA among others. MT4 and MT5 are also available as application for your mobile device. FXTM Withdrawal and Deposit Options With more than 30 types of payment methods- FXTM makes your transactions a piece of cake. These include credit and debit cards, e-wallets, and bank wires are some of the major methods. FXTM is also working on introducing new payment methods and has already brought few local payment methods to cater the specific payment requirements of particular regions.

FXTM Spreads and Accounts Depending upon the types of accounts held by the traders, the spreads vary and ensures tight trading spreads. FXTM offers you a tight spread of 0 pips for a pro account and has flexible leverage. FXTM has been well known for offering multiple options to their traders and provides its traders to choose from two different types of accounts, namely: Standard Account ECN Account The accounts have no minimum or maximum deposit limits along with zero commission making it one of the best possible options available in the trading sector. FXTM has also added new accounts that allow trade of CFDs in share and trading on cryptocurrencies.

Conclusion Is FXTM a good broker?

Well, the answer is yes! FXTM is a reliable broker that has won multiple awards and has successfully managed to offer clients with superior quality services that are designed to fit perfectly for all types of traders. Their team of professionals are constantly striving to understand the demands of the clients across the globe and trying to best serve them.