In order to verify your account, FXTM requires two documents from you, proof of residence and proof of ID. You can upload either scanned copies of your documents or digital pictures taken straight from your phone. Just https://traderoom.info/how-to-trade-support-and-resistance/ make sure that the photos are clear, with no light reflections and shadows, and that your details are fully visible. You can use your ID, passport, driving license, or any other document issued by your government.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk. Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

Is this broker good for beginners?

Financial Conduct Authority (FCA) in the UK and Cyprus Securities and Exchange Commission (CySEC) regulates the FXTM broker. In addition to that, FXTM also has a license from the Financial Services Commission of the Republic of Mauritius. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Once all the documents had been received, our account was ready for trading within one day. You can check their website to see more about them and probably chat with support and ask any questions you have to help you decide. FXTM’s best execution factors include price, cost, speed, the likelihood of execution, the likelihood of settlement, etc.

Our team has compiled a series of detailed FXTM comparison articles, pitting the FXTM platform against some of the best-rated FXTM competitors in the market. Dive into our informative FXTM Vs pages below to find out how FXTM stacks up against other leading brokers. However, remember that you won’t be able to make trades on FXTM until you have passed compliance, which may take several days, depending on your circumstances. It’s essential to complete the FXTM KYC compliance process as soon as possible to avoid any delays in accessing the FXTM platform’s features. It’s worth noting that the expiration date of the proof of address document may differ for different entities under FXTM Brand.

FXTM Fees

Moreover, the broker’s trading platform is user-friendly and is fully packed with numerous features, making it an excellent choice for traders of all experience levels. FXTM is one of the few Forex brokers that manages to provide access to trading real stocks. The number is not too impressive if you’re planning to trade stocks, only 1307 in total. There are dedicated stock brokers in the markets that offer better trading platforms and larger pools of instruments, but for trading various asset types simultaneously, FXTM is ideal. A good broker constitutes a good service for traders in terms of many criteria including trading instruments,
deposits and withdrawals, as well as customer support.

It is full of detail and interesting leads for new trading opportunities. Overall, we found that FXTM’s range and depth of trading instruments is extremely limited compared to many other brokers. It is regulated by three national authorities, including the UK’s FCA, ensuring traders are well-protected. Overall, FXTM has many positive features, especially for beginners, but more experienced traders may find FXTM’s limitations difficult to overlook. We’d like to mention that the company takes all reasonable steps to make sure traders get the best possible results.

FXTM withdrawal and funding methods

My experience with them for the moment has been impeccable, I do recommend them. FXTM has various deposit methods, I will mention the popular ones;Bank wire, credit cards, e-wallets like perfect money, WebMoney, and then skrill to mention a few. The above regulatory bodies will make sure brokers like FXTM are not doing anything against the law.Therefore, your money is indeed safe with Forex Time Broker. The currency converter allows traders to see how a particular currency is performing against other currencies. 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.

There are established centers in the Asia region including Indonesia, Malaysia, Thailand, and China, as well as Africa region, Europe, and more, so it is true to state that FXTM covers the global needs of traders. The main entity ForexTime Ltd is regulated by CySEC of Cyprus, authorized by FSCA of South Africa, and by additional offshore authority FSC in Mauritius. Also, the FXTM UK brand is licensed by the Financial Conduct Authority known as sharp regulator, which has principals built by European MiFID and ICF allowing cross-broker activity. Our ultimate guide to the FXTM minimum deposit is updated regularly. There is a tool called FXTM Pivot Points Strategy that helps you to analyze price direction and market sentiment.

FXTM Review 2023: Is This Broker Safe for Trading?

We are on your side, Jac and we have no reason to keep your funds with us. FXTM has various withdrawal methods, I will mention the popular ones;Bank wire, credit cards, e-wallets like perfect money, WebMoney, and then skrill to mention a few. Some local banking methods that are country-specific are also allowed. Most FXTM withdrawal methods get processed between 24hours.only a few of their withdrawal methods extends to 3-4 business days; these methods that take more time include; Konnexone and Latin America Solutions. The VPS hosting is a unique service that allows traders to run their trading software on a remote server. Trading software can be very resource-intensive, and running it on a personal computer can often lead to slow performance or even crashes.

• The first is forex basics which cover concepts that a beginner must be familiar with in detail.
• Additionally, advanced order management tools give FXTM traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 FXTM trading platform.
• Trading instruments include over 55 currency pairs, Bitcoin, Litecoin, Ethereum cryptocurrencies as well as Stock Indexes, Stocks, Gold, Silver, Oil and other commodities.

But we don’t stop there – we also offer valuable insights into other great alternatives to FXTM, so you can make a more informed decision and compare other brokers against FXTM. FXTM offers various educational resources to its clients to enhance their trading skills and knowledge. These resources include webinars, seminars, articles, e-books, educational videos, and more. Trading instruments include over 55 currency pairs, Bitcoin, Litecoin, Ethereum cryptocurrencies as well as Stock Indexes, Stocks, Gold, Silver, Oil and other commodities.

The FXTM broker was founded in 2011 by Andrey Dashin, who also created the Alpari Group. FXTM has since become one of the world’s leading brokers, offering its clients an extensive range of tradable assets and a variety of trading platforms. FXTM is a good all-round broker, but it does have some limitations. Firstly, traders may be disappointed in the relatively small number of financial assets available for trading. FXTM also charges high non-trading fees, including commissions for withdrawals and only offers desktop trading on the MT4 platform. The headquarters of the FXTM is located at 20 Gresham Street, 4th Floor, London EC2V 7JE, United Kingdom.