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FXTM FOREX BROKER REVIEW 2023

FXTM (ForexTime) Broker General Review

 FXTM (ForexTime) is a well-established and reputable forex broker that offers a range of trading instruments, competitive trading conditions, and excellent customer support. The broker is regulated by several reputable regulatory bodies, including the FCA and CySEC, which ensures that clients' funds are protected and that the broker operates in a transparent and ethical manner.


One of the standout features of FXTM is the variety of trading platforms available, including the popular MetaTrader 4 and MetaTrader 5 platforms, as well as its own proprietary platform. The broker also offers a range of account types, including Standard, Cent, and Shares accounts, to suit different trading styles and needs.


FXTM provides its clients with a range of educational resources, including webinars, e-books, and articles, to help traders improve their trading skills and knowledge. The broker also offers a range of trading tools, including trading signals, VPS hosting, and an economic calendar, to help traders make informed trading decisions.

The customer support team at FXTM is available 24/5 and can be accessed via live chat, phone, or email. The broker also has a comprehensive FAQ section on its website that addresses common queries.

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FXTM Trading Platform & Tools

 FXTM offers a variety of trading platforms and tools to cater to the needs of traders with different levels of experience.  


Trading Platforms:

-MetaTrader 4

-MetaTrader 5

-FXTM Trader Platform

-Copy Trading


Trading Tools:

-VPS (Virtual Private Server)

-Economic Calendars

-Trading Signals

FXTM Forex Trading Conditions

 FXTM offers a range of trading accounts to suit the needs of different types of traders. The account types include Standard, Cent, Shares, ECN, and FXTM Pro accounts. 


 -Account Leverage:  Up to 1 : 2000

-Spreads: as low as 0.1 pips on major currency pairs 

-Stop- Out Level:   50%

- Swap Free Accounts: Yes (Islamic Traders)

-Copy Trading Facilities:  Yes

-Daily Market Analysis:  Yes

-Research Centre: No

-Crypto-based Accounts: Yes 

-VPS Service: Yes

-Trading Education:  Yes

-Trading Bonus: No

-Corporate Accounts Allowed:  Yes

-Trading Signals: Yes

FXTm Funding and Withdrawal Options

 FXTM offers various funding and withdrawal options to its clients. These include:


  1. Bank wire transfer: Clients can fund or withdraw their accounts through bank wire transfer. Deposits made via bank wire transfer are usually processed within 1-3 business days, while withdrawals take 2-5 business days.
  2. Credit/debit cards: FXTM accepts deposits made via Visa, Mastercard, and Maestro cards. Deposits made via credit/debit cards are usually processed instantly, while withdrawals take 2-5 business days.
  3. E-wallets: FXTM accepts deposits and withdrawals made via a variety of e-wallets, including Skrill, Neteller, and WebMoney. Deposits made via e-wallets are usually processed instantly, while withdrawals take 24 hours.
  4. Cryptocurrencies: FXTM accepts deposits made via Bitcoin and Litecoin cryptocurrencies. Deposits made via cryptocurrencies are usually processed instantly, while withdrawals take up to 24 hours.

It is important to note that the availability of funding and withdrawal options may vary depending on the client's country of residence and the currency of the trading account.


 The minimum deposit for FXTM varies depending on the account type and the payment method used. For example, the minimum deposit for a Standard account is $100 for most payment methods, but it is $500 for bank wire transfers. Similarly, the minimum deposit for an ECN account is $500 for most payment methods, but it is $1000 for bank wire transfers. It is important to note that FXTM offers a variety of payment methods, including credit/debit cards, bank wire transfers, e-wallets, and local payment methods, each with its own minimum deposit requirement. 



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FXTm Broker Pros & Perks

 FXTM offers several perks for traders, including:


  1. Copy Trading: FXTM offers a copy trading service called FXTM Invest, which allows traders to copy the trades of successful traders. This service is available on both MT4 and MT5 platforms.
  2. Multiple Account Types: FXTM offers a variety of account types to suit different trading styles and needs, including Standard, Cent, Shares, ECN, and FXTM Pro accounts.
  3. Low Spreads: FXTM offers competitive spreads on a wide range of financial instruments, including forex, commodities, and indices.
  4. High Leverage: FXTM offers high leverage of up to 1:2000, allowing traders to trade with larger positions than their account balance would normally allow.
  5. Negative Balance Protection: FXTM offers negative balance protection, which ensures that clients do not lose more than their account balance.
  6. Trading Tools and Education: FXTM provides its clients with a wide range of trading tools and educational resources, including market analysis, webinars, seminars, and a comprehensive trading glossary.
  7. Regulation: FXTM is regulated by top-tier financial authorities, including the FCA, CySEC, and FSCA, which ensures that the broker adheres to strict regulatory standards and offers a safe trading environment for its clients.

FXTM Recommended Account Type

 For more experienced traders or those who trade larger volumes, the ECN Account is recommended as it offers tighter spreads, faster execution speeds, and access to more advanced trading tools such as VPS hosting. Additionally, the ECN account offers a commission-based pricing structure which can result in lower trading costs overall.


FXTM also offers a range of account types with specific features tailored to different trading needs, such as the FXTM Pro Account for institutional traders and the FXTM Invest Account for copy trading.


-Account Name: ECN Account

-Spreads: from  0.0pips = 

-Swaps: Yes

-Leverage: 1:500

-Stop Out:50%

-Assets:1000+

-Minimum Deposit:  $200

FXTM (Forex-TIme) Broker Regulation

 FXTM is regulated by several top-tier financial authorities such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Commission of Mauritius (FSC), among others. These regulatory bodies are responsible for overseeing FXTM's operations, ensuring that they comply with industry standards and regulations, and protecting the interests of traders. 

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What to consider when choosing FXtmas your Broker

-Not available for UK or USA residents

- No cryptocurrency deposit or withdrawal method

- No ETFs available 

FXTM Broker does not accommodate clients from the following countries

 United Kingdom, member states of the European Union, USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, Brazil, the Occupied Area of Cyprus, Canada, Iraq, Hong Kong, China, Macau, Taiwan, Syria, Iran and Cuba, or such other countries as may be restricted from time to time 

FX Doctors FXTM Broker Review Conclusion

 In conclusion, FXTM is a well-regulated and reputable online forex and CFD broker that offers a wide range of trading instruments, educational resources, and trading tools for traders of all levels. With competitive trading conditions, multiple account types, and various payment methods, FXTM caters to the needs of traders worldwide.


As a global broker, FXTM provides support in multiple languages and has local offices in various countries. Their customer service team is available 24/5 to assist clients with any questions or concerns.


Overall, FXTM is a solid choice for traders who are looking for a reliable and transparent broker that offers a user-friendly trading platform, low fees, and fast execution speeds. Whether you're a beginner or an experienced trader, FXTM has something to offer.

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Copy Trade WIth FXTM and earn passive income

Still LOOKING FOR A GOOD FOREX BROKER?

Adro FX

 AdroFX is a forex and CFD broker that offers trading services to clients from various regions, including Asia, Europe, and Africa.  AdroFX is regulated by the (IFSC), 

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Deriv

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Moneta Markets

Moneta Markets

 Moneta Markets is regulated by the Australian Securities and Investments Commission (ASIC) and prioritizes transparency and security in its operations. 

Read Our Review

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