FXTM Global Market Forex Broker

FXTM Global Market Forex Broker - Complete Information Guide

1. Broker Overview

　　FXTM, also known as ForexTime, is a global online trading broker established in 2011. The company is headquartered in Limassol, Cyprus, with additional offices in Mauritius, Kenya, and the United Kingdom. FXTM operates as a private company, catering to a diverse clientele across various geographical regions.

　　Since its inception, FXTM has focused on providing accessible trading opportunities to clients worldwide, boasting a client base of over 4 million individuals from more than 180 countries. The broker has made significant strides in the financial market, offering a wide array of trading instruments, including forex, CFDs, commodities, and cryptocurrencies.

　　Over the years, FXTM has achieved several milestones, including the launch of its proprietary trading platforms and the introduction of innovative educational resources. The broker is part of the Exinity Group, which enhances its operational capabilities and global reach. FXTM operates primarily in the retail forex market, providing services to individual traders and investors, as well as institutional clients through tailored solutions.

　　This comprehensive overview highlights the essence of FXTM as a global market broker, emphasizing its commitment to empowering traders with the tools and resources necessary for success.

2. Regulation and Compliance Information

　　FXTM operates under the regulations of several esteemed financial authorities, ensuring a high level of trust and security for its clients. The broker is regulated by:

• Financial Conduct Authority (FCA) in the United Kingdom (License No. 777911)
• Cyprus Securities and Exchange Commission (CySEC) in Cyprus (License No. 185/12)
• Financial Services Commission (FSC) in Mauritius (License No. C113012295)
• Capital Markets Authority (CMA) in Kenya (License No. 135)

　　These regulatory bodies impose strict guidelines that FXTM must adhere to, including the segregation of client funds from the broker's operational funds. This practice ensures that traders' investments remain secure and are not used for the broker's expenses.

　　FXTM also participates in investor compensation schemes, providing additional protection for clients. For instance, clients under the FCA regulation benefit from coverage of up to £85,000, while those with accounts through the FSC in Mauritius receive insurance coverage from Lloyd's of London for up to $1 million (in excess of $20,000).

　　The broker follows robust Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to ensure compliance with international standards. This commitment to regulatory compliance and investor protection reinforces FXTM's reputation as a reputable and trustworthy global market broker.

3. Trading Products and Services

　　FXTM offers a diverse range of trading products, catering to various trading styles and preferences. Traders can access over 60 currency pairs, including major, minor, and exotic forex options. The broker also provides a variety of CFD products, including:

• Indices: Access to major global indices, such as the S&P 500 and DAX 30.
• Commodities: Trading in precious metals like gold and silver, as well as energy products such as crude oil and natural gas.
• Stocks: Over 600 US stocks available for trading, alongside CFDs on numerous shares.
• Cryptocurrencies: Trading options for major cryptocurrencies, including Bitcoin and Ethereum.

　　FXTM is known for its commitment to updating its product offerings regularly, ensuring that traders have access to the latest market trends and opportunities. The broker also provides retail trading services and caters to institutional clients with bespoke solutions, including white label offerings and asset management services.

　　In addition to its extensive product range, FXTM offers a copy trading program through its platform, allowing less experienced traders to follow and replicate the strategies of successful traders. This feature is particularly beneficial for those looking to enter the market with expert guidance.

4. Trading Platforms and Technology

　　FXTM supports two of the most popular trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available on desktop, web, and mobile devices, providing traders with flexibility and convenience.

• 　　MetaTrader 4 (MT4): Known for its user-friendly interface and robust features, MT4 is ideal for forex trading. It offers various technical indicators, charting tools, and automated trading capabilities through Expert Advisors (EAs).

• 　　MetaTrader 5 (MT5): This platform provides additional features, including more technical indicators, timeframes, and an integrated economic calendar. MT5 also supports trading in stocks and commodities, making it suitable for a broader range of trading strategies.

　　FXTM also offers a proprietary mobile trading application, FXTM Trader, designed for casual traders who want to manage their positions on the go. The application supports real-time trading, market analysis, and account management features.

　　The broker employs an ECN (Electronic Communication Network) execution model, ensuring that trades are executed at the best available prices without dealing desk intervention. This model allows for faster order execution and reduced slippage, which is crucial for active traders.

5. Account Types and Trading Conditions

　　FXTM provides several account types to cater to different trading needs and preferences. The main account types include:

• 　　Micro Account: Suitable for beginners, this account requires a minimum deposit of $10 and offers spreads starting from 1.5 pips without any commissions.

• 　　Advantage Account: Designed for intermediate to experienced traders, this account has a minimum deposit requirement of $200 and offers tighter spreads starting from 0.0 pips with a commission ranging from $3.5 per lot.

• 　　Advantage Plus Account: This account type is commission-free, with spreads starting from 1.5 pips and a minimum deposit of $200.

• 　　Islamic Account: Available for Muslim traders, this account type offers swap-free trading in compliance with Islamic finance principles.

• 　　Demo Account: FXTM also provides a demo account option, allowing traders to practice their strategies in a risk-free environment with virtual funds.

　　The leverage offered by FXTM varies depending on the account type and regulatory jurisdiction, with maximum leverage reaching up to 1:2000 for certain accounts. The minimum trade size is 0.01 lots, and overnight fees are applicable based on the assets traded.

6. Fund Management

　　FXTM supports a variety of deposit and withdrawal methods to facilitate smooth fund management for its clients. The available deposit methods include:

• Bank Transfers
• Credit/Debit Cards (Visa, Mastercard)
• E-wallets (Skrill, Neteller, Perfect Money)
• Local Payment Solutions (M-Pesa, etc.)

　　The minimum deposit requirement varies by account type, with the Micro Account starting at $10 and the Advantage Accounts at $200. Deposits are typically processed instantly, while bank transfers may take 3-5 business days.

　　FXTM does not charge fees for deposits, but withdrawal fees may apply depending on the method used. For instance, withdrawals via credit card incur a fee of $3, while bank wire withdrawals may have a fee of $30. Withdrawal processing times generally range from 24 hours to several business days, depending on the selected method.

7. Customer Support and Educational Resources

　　FXTM offers comprehensive customer support through various channels, including:

• Live Chat
• Email Support
• Phone Support
• Social Media Platforms

　　The support team is available 24/5, with limited hours on weekends. FXTM provides assistance in multiple languages, including English, Arabic, Chinese, Spanish, and more.

　　In addition to robust customer support, FXTM offers a wealth of educational resources. Traders can access a variety of materials, including:

• Webinars
• Video Tutorials
• E-books
• Daily Market Analysis

　　These resources are designed to help traders of all experience levels enhance their skills and knowledge of the financial markets.

8. Regional Coverage and Restrictions

　　FXTM serves clients globally, with a strong presence in regions such as Europe, Africa, Asia, and Latin America. The broker has established offices in several countries, including the United Kingdom, Mauritius, and Kenya.

　　However, FXTM does not provide services to residents of certain countries due to regulatory restrictions. These include:

• United States
• Japan
• Canada
• Haiti
• Iran
• North Korea
• Puerto Rico
• Cuba
• Syria

　　In summary, FXTM is a well-regulated and reputable broker that offers a wide range of trading products and services, making it a suitable choice for traders of all levels. With its commitment to client security, competitive trading conditions, and strong educational support, FXTM stands out as a leading global market broker in the online trading industry.