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Over 1 million people worldwide have chosen FXTM, and thousands of new traders continue to jump on board each month. The pip value calculator will give you the value of a pip in the currency you wish to trade in. This information is critical in deciding whether a trade is worth the risk and managing that risk effectively.
Trade using MT5 with FXTM
However, kindly note that the dividend adjustment takes place before the market opening of the ex-dividend date. If a client is holding buy positions his/her account will be credited with the fixed dividend amount. If a client is holding sell positions, then the dividend amount will be debited from his/her account. Find peace of mind with a regulated, licensed broker where funds are fully segregated and insured.
Many brokers offering cTrader, such as IC Markets and Pepperstone, have successfully attracted active traders prioritizing speed and functionality. The demo accounts are great for testing new strategies because they offer real-time quotes and simulate live market conditions for all available assets. FXTM also provides demo accounts on MT4, MT5, and the FXTM Trader mobile app. Reassuringly, all client funds are held in segregated accounts away from the company’s funds in case of solvency. Negative balance protection also guarantees that you cannot lose more than your account balance, even if the market unexpectedly makes a massive move. Rated as the broker offering the best forex education opportunities for CFD trading, the learning material available to FXTM account holders is second to none.
What is the minimum deposit for FXTM?
This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, M-Pesa, BTC, USDT. Due to AML/CTF laws, FXTM cannot deposit funds to third-party accounts. As a result, all money withdrawn from your account must go to a bank account in the same name as your FXTM trading account. FXTM does not accept third-party payments, so all funds deposited into your trading account must be under the same name as your FXTM trading account. Payment from joint bank accounts or credit cards is accepted if the trading account holder is one of the beneficiaries.
- Forex Time, FXTM for short, is an award-winning brokerage firm that provides traders with all the necessary resources they need to participate in the global financial markets.
- This would allow me to get real-time market updates and expert analysis without leaving my trading platform, similar to tools offered by some leading competitors.
- However, payments to and from overseas banking institutions may attract intermediary transfer fees from either party independent of FXTM.
Your funds are fully segregated from our own assets, meaning you can trade with peace of mind. Explore our range of accounts and discover which account fits you best. 3 – Commission on Advantage MT4 is taken when a position is opened, at double the levels listed in the table above (accounting for both the opening and the closing of the position).
Is online trading safe?
- Forex demo account is available for MT4 and MT5 and allows traders to select the demo account balance and leverage.
- FXTM has picked several must-have MT4 Forex trading indicators to assist your market analysis.
- FXTM does not charge any withdrawal fees on all payment options available.
FXTM provides access to industry-standard platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms can be used directly through a web browser or downloaded for desktop use on Windows, MacOS and Linux devices. For beginners, I’m slightly disappointed with FXTM’s minimum deposit of $200, especially compared to other brokers like Deriv and XM, which have just $5 minimum deposit requirements. FXTM doesn’t support ETFs, mutual funds, bonds, options, or futures, and the range of available assets can vary depending on the regulatory requirements of the subsidiary you are trading with.
More reasons to trade with FXTM
If you are a resident of Nigeria, you also have the option of the NGN. FXTM’s MT4 platform also allows traders to access the multi-terminal feature that is unavailable on MT5. The CompareForexBrokers team created a trading platform selector so you can work out fxtm broker what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform. Many traders use Cent Accounts alongside a Standard Account to test new EAs under live trading conditions.
You can even trade fractional shares — for example, 0.3 of one Apple share. Shares, even in the form of CFD trading, are not offered to UK traders registered with the FCA-regulated entity of FXTM. The broker provides traders with the intuitive MetaTrader 4 trading platform, which was developed by MetaQuotes Software. Trading on MT4 via FXTM provides access to a range of markets and hundreds of different financial instruments, including foreign exchange, commodities, CFDs, and indices. It’s completely free to download and provides you with everything you need to analyze the markets and manage your trades.
FXTM presents a compelling option for day traders due to its solid FCA regulatory framework, which UK-based traders, in particular, should find reassuring. To improve, FXTM could consider expanding its customer service to full 24/7 coverage, making it more competitive and accessible to clients across different time zones. However, I have been disappointed with the lack of a contact phone number in the event of an urgent issue. While this limited availability is adequate for many traders, it can be a drawback for those who might need assistance outside of business hours. I was pleased to see that I can also contact you through social media platforms like Facebook, X, LinkedIn, and YouTube, and that every client is assigned an account manager. FXTM’s detailed articles, introductory videos, and e-books on fundamental trading concepts and market analysis can benefit beginners.
The FAQ Help Center is also comprehensive and easy to navigate, and I usually find answers here without contacting customer support. FXTM even provides a few custom indicators, including an MT4 Pivot Point Indicator, Pip Value Calculator and Spread Indicator. The Pivot Point Indicator is an exceptionally versatile tool that’s a great companion to the FXTM Pivot Points Strategy.
Cent AccountThe Cent Account is designed to give new traders a taste of the psychology required to succeed. Used primarily for testing purposes under live conditions, they have an amazingly low minimum deposit level. As the name suggests, your account balance is always displayed in cents. We may extend these amendments for as long as we deem necessary after the market opening, by providing you with prior written notice. This market is worth over $6 trillion daily, with central and private banks, hedge funds, traders, and travelers worldwide open 24 hours a day, 5.5 days per week exchanging money at different prices.
FXTM is a legitimate, safe, and secure broker, as it is highly regulated, holding licenses in several jurisdictions, including the tier 1 financial center of London. Its UK license may entitle account holders to state compensation in the event of broker bankruptcy of up to £85,000. I like that Forextime continues to adjust to market and regulatory changes, ensuring traders maintain a competitive edge. Big Four accountancy PricewaterhouseCoopers Limited (PwC) audits published statistics per International Standard on Assurance Engagements (ISAE) 3000. The FXTM trading app offers a seamless trading experience in the palm of your hand with real-time signals and trading in one tap.