FXTM Broker Review: How Trustable is This Service? Leave a comment

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• FXTM offers a great selection of 1,600+ assets to trade, including forex, indices, stocks and commodities.
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What can you trade with FXTM?

On the downside, the overall cost of trading with FXTM is quite higher compared with other top brokers, with uncompetitive spreads and withdrawal fees. Also the availability of trading platforms, currently Metatrader 4 and Metatrader 5, could be extended to satisfy more potential customers. FXTM offers multilingual https://forexbroker-listing.com/ customer support which recognizes the individual needs of each customer and strives to be always available, prompt and coming up with the right solution to any problem. Minimum deposit – Opening a trading account with FXTM is fast and can be done online, taking around 10 minutes to complete the required forms.

But there are two clear and independent fee structures, depending if the trading account type is a Standard or an Active Trader. FXCM also allows for social trading, including copy trading, via Myfxbook and ZuluTrade. Data supplied in partnership with CashBackForex – Forex Rebates places FXTM on the top 15 brokers for popularity with traders opening an account in 2020.

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It can take up to 5 business days with bank transfers and 2 hours with bank cards. Forex education – FXCM offers a great range of Forex educational tools to help traders succeed. Very originally, this broker has also created their own FXCM App Store where traders can find custom-made indicators, EAs, scripts and a lot more.

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Customer reviews on FXTM

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On the other hand, the FXCM Active Trader account is more competitive, with lower spreads. For the EUR/USD pair the spread starts at 0.0 pip, with a typical spread of 0.2 pip. To get the benefit of the lower spread, FXCM charges a commission. The standard lot commission for 1 lot is 5.00 USD (2.50 USD per side, per lot), or the equivalent on your account currency. We consider this commission to be slightly lower, when compared with all the other top FX brokers. Plus, traders can earn rebates from their trading with an Active Trader account.

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ForexTime Account types user rating

Nevertheless, it is too early to write anything about the trustability because other important details have not been reviewed yet. Still, FXCM is a popular Forex broker with traders for the great variety of trading platforms on offer. Inactivity fee – FXCM also charges a Trading Inactivity fee.

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For example, the user from the screenshot below states that his money was lost during an attempt to withdraw it. We do not know whether the situation was solved by now. Not many companies can boast of having such a wide variety of choices. FXTM is a clear winner in comparison with many other brokers like Instaforex and others. Data supplied in partnership with CashBackForex – Forex Rebates places FXCM on the top 30 brokers for popularity with traders opening an account in 2020. FXCM’s trading fees are, in general terms, low.

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FXCM holds client’s money separately to the company funds and does not use these funds for any operational expenses or purposes. FXTM customers can take advantage of a diverse range of products, since the company offers trading not only in Forex, but also in precious metals, share CFDs, ETF CFDs and CFDs on Commodity Futures. FXTM offers trading via MetaTrader 4 and 5, Mobile and Tablet Apps and also Social Trading signals on MT 4 and MT 5, tailored to the individual needs of their clients.