The big advantage of a shared platform is that it reduces the barrier long-term to switching forex brokers, as there won’t be a need to re-learn the platform. The second option is a propriety forex trading platform that is exclusively created and offered by a single forex broker. The advantage of a propriety platform is that features unique to that FX broker can be integrated into the software. CMC Markets are close behind IG Markets who also have a high market share when it comes to retail foreign exchange in Australia. They have similar forex training features as IG, including videos, demo accounts and videos.

Commission and Spread Fees

FXTM periodically hosts trading contests that are open to traders of all skill and experience levels. The cent account is a variation on the standard in that all deposits are displayed in cents regardless of amount funded. It also comes with free mirror demo account and requires just £10 or equivalent to fund the live version. Trading spot metals with FXTM allows you to trade gold or silver against major currencies 24/5 with varying degrees of leverage based on experience.

Islamic Account

EAs allow traders to program and automate their strategies to run on the Metatrader platform. As mentioned, FXTM provides its own copy trading service in FXTM Invest which you can start with as little as $100. The broker does not though provide for any real social trading features.

FXTM Advantage Plus Account

Contact is via email and phone, plus live chat, alongside other media channels. It would, however, be good to be able to make contact at the weekend too. General educational videos – There are various educational videos on Forex and CFD trading, that would appeal to both beginner and intermediate-level traders. Financial markets and trading education is an area in which FXTM provides a robust and diverse experience for their clients.

How does FXTM make money?

1. There is a maximum volume of 100 lots per trade for ECN and ECN Zero Accounts and 250 for FXTM Pro Accounts.
2. If you want to stick to MT4 and the massive back-library of custom indicators and EAs that have been developed for it, then you won’t have to worry about being forced to change by FXTM.
3. The $5 trillion a day forex market is moving 24 hours a day, 5 days a week, and FXTM is your gateway to all the major currency pairs such as EUR/USD and GBP/USD.
4. MT4 already has one of the very best reputations in the industry.
5. FXTM Pro ECN accounts, for example, only offer super low spread values if a balance of 25,000 USD/EUR/GBP is maintained.

EToro strength as a social trading apps is helped not only by excellent tools but the size of its trading community, which means access to a large knowledge base for social success. The minimum deposit amount with FXTM depends on your account type. Traders based in South Africa can open Live trading account from $50 with FXTM Micro account. The minimum deposit with lower spread Advantage & Advantage Plus accounts is $500.

Regulated and Licensed for Secure Trading

FXTM education section is very well stocked with helpful material to help you continue learning and growing as a trader. This includes a range of free, downloadable ebooks as well as access to a number of useful forex seminars, workshops, and webinars. Moving on to the trading platforms you can expect to see, here is a lowdown on exactly what is available from FXTM in that respect. If you are trading on a cent account however, the minimum trade size is 0.1 nano lots. This allows for positions to be opened for as little as $1 in cash value meaning that the $10 minimum deposit for a cent account has you well-equipped to trade. They are an ECN broker that primarily uses instant execution though this depends on your account type.

This comes as a top trading platform that has been around for many years offering the very best in trading experience and customizability beyond all others. Algorithm trading through the EAs feature of the MT4 and MT5 trading platforms is also permitted, as is the use of VPS. Actually, FXTM provides a free VPS service of its own if you meet certain trading requirements. The FXTM trade size available varies again depending on your account type. This is equal to 0.01 standard lots or a cash value of $1,000 which could be further decreased if you are trading on leverage.

Skrill and Neteller are the only payment options that do not carry a withdrawal fee from the broker. A $3 withdrawal fee is applied to debit/credit cards, and $25 withdrawal fee is applied to wire transfers. The broker performs very well in the area of education and offers a good range of diverse content suitable for many types, and levels of trader. Here you will have access to a wide range of video guides, tutorials, ebooks, and blog posts updated regularly to help you along the process of developing your forex trading skills and knowledge. The broker also offers a range of ECN accounts which are available starting from a much lower spread, in some cases from 0 pips, though a commission starting at $2 per lot traded is applied. If you are a more experienced, or high volume trader, then an ECN account type may be the right choice for you.

You can also get a free VPS from some other brokers including FXTRADING.com. You can open and close positions in seconds, access live currency rates, manage your trading accounts, and stay one step ahead of the markets with FXTM’s modern and intuitive forex trading app. MetaTrader 5, sometimes known as MT5, is MetaQuotes Software’s latest and most powerful online trading platform. Trading on MT5 with FXTM provides you with even more access to financial markets, including foreign exchange, commodities, indices, stocks, and futures.

Here, we evaluate the broker’s longevity in the industry, the company’s size, and its transparency. The broker does not provide any copy trading solutions, so it is not suitable for those who want to participate in copy and social trading. Opening an account at FXTM is fast, and the first step requires only a few seconds. Traders must submit their name, country, a valid mobile phone number, e-mail address, and desired password. FXTM will send a confirmation PIN to the entered mobile number to complete the process.

FXTM is regulated in multiple jurisdictions, and all client funds are segregated from the firm’s assets and held in top-tier banks. The broker also offers Lloyds of London account insurance for up to $1M, in excess of $20,000. FXTM complies with five regulators, is a member of the Hong Kong-based Financial Commission, publishes fxtm broker reviews audited performance reports, and has a clean operational record spanning twelve years. Therefore, traders should consider FXTM among the most-trusted brokers industry-wide. A swift online application onboards new clients, and the process takes less than 20 seconds, as FXTM does not collect unnecessary information.

You can use it to view live currency rates, manage all trading accounts, and open or close positions in a matter of seconds with one-click trading. The trading dashboard also allows you to see details of your trades, https://forexbroker-listing.com/ including profit, margin, and balance. Our review of the FXTM forex broker found multiple reasons to trust this broker, including the fact that it is licensed and regulated by CySEC, FSCA, and the UK’s FCA.