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FXTM Trading Broker Review

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FXTM Trading Review 1

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This so-called FXTM Trading is a clone company and has nothing to do with the real FXTM. Forex traders really need to identify these scam companies when looking for a forex broker.

红苹果
2023-03-02

  

Fxtm Trading 2025 Review: Everything You Need to Know

  

Summary

  The Fxtm Trading review for 2025 reveals a broker that is generally well-regarded among traders for its competitive trading conditions, robust educational resources, and strong regulatory standing. However, it also faces criticism for its withdrawal fees and the complexity of its fee structures. Notably, the broker operates under different regulatory entities, which can influence the level of protection and services available to clients depending on their location.

  Note: It is important to consider the different entities under which Fxtm operates, as regulations and protections can vary significantly. This review aims to provide a balanced and accurate assessment based on multiple reputable sources.

  

Rating Overview

Category Rating (out of 10)
Account Conditions 7.6
Tools and Resources 8.0
Customer Service and Support 4.5
Trading Experience 8.5
Trustworthiness 8.0
User Experience 7.9

  How We Rate Brokers: Our ratings are based on extensive research and user feedback, focusing on key areas such as account conditions, available tools, customer support, and overall trustworthiness.

  

Broker Overview

  Founded in 2011, Fxtm (ForexTime) has established itself as a prominent player in the online trading market. With its headquarters in Mauritius and offices in various regions, including the UK and Kenya, Fxtm is regulated by several reputable authorities, including the FCA (UK), CySEC (Cyprus), and the FSA (South Africa). The broker offers access to popular trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and provides a diverse range of tradable assets, including forex, commodities, indices, and cryptocurrencies.

  

Regulatory Overview

  Fxtm operates under multiple regulatory bodies, which include:

  • FCA (UK) - Tier 1 regulation providing robust investor protection.
  • CySEC (Cyprus) - Also a Tier 1 regulator, ensuring high standards of financial security.
  • FSA (South Africa) - Tier 2 regulation with moderate oversight.
  • FSC (Mauritius) - Tier 3 regulation, which may offer less stringent protections.
  • CMA (Kenya) - Tier 2 regulation focusing on local clients.

  

Deposit and Withdrawal Options

  Fxtm supports a variety of currencies for deposits and withdrawals, including USD, EUR, GBP, and local currencies like NGN for Nigerian clients. The minimum deposit varies by account type, with micro accounts starting at $10 and standard accounts requiring a minimum of $200. Importantly, Fxtm does not charge deposit fees, but withdrawal fees can apply depending on the method chosen.

  

Bonuses and Promotions

  Fxtm offers several promotional opportunities, including a referral program where traders can earn bonuses for bringing in new clients. Additionally, the broker provides a welcome bonus on initial deposits, enhancing the value proposition for new traders.

  

Tradable Asset Classes

  Fxtms extensive asset offerings include:

  • Forex: Over 60 currency pairs.
  • Commodities: Spot trading for key commodities like gold and oil.
  • Indices: Major global indices available for trading.
  • Stocks: Access to CFDs on a wide range of US and European stocks.
  • Cryptocurrencies: Trading options for popular cryptocurrencies, although offerings may be limited in certain jurisdictions.

  

Cost Structure

  Fxtms cost structure features competitive spreads, particularly on its Advantage account, where spreads can start as low as 0.0 pips. However, the Advantage Plus account has higher spread costs, which may be a drawback for some traders. Commission fees apply to certain account types, and swap fees are standard for positions held overnight.

  

Leverage

  Fxtm offers flexible leverage options, with maximum leverage reaching up to 1:3000 for certain accounts, although this varies based on the trader's location and the regulatory environment. Retail clients in the UK are limited to a maximum leverage of 1:30.

  

Trading Platforms

  Fxtm primarily utilizes the MetaTrader platforms, which are renowned for their user-friendly interfaces and comprehensive trading tools. The MT4 platform is particularly favored for its extensive library of custom indicators and automated trading capabilities, while MT5 offers additional features, such as advanced charting tools and market depth analysis.

  

Restricted Regions

  Fxtm does not provide services to residents of several countries, including the USA, Canada, Japan, and certain regions in Africa and the Middle East. This limitation is crucial for potential clients to consider.

  

Available Customer Support Languages

  Fxtm offers customer support in multiple languages, including English, Arabic, Chinese, Spanish, and more, which enhances its accessibility for a global client base.

  

Detailed Breakdown

  

Account Conditions

  Fxtm offers a variety of account types tailored to different trading needs. The micro account is ideal for beginners, while the Advantage and Advantage Plus accounts cater to more experienced traders. The minimum deposit for these accounts is relatively low, making it accessible for many traders.

  

Tools and Resources

  Fxtm provides a wealth of educational materials, including webinars, video tutorials, and articles, which are beneficial for traders at all experience levels. The availability of a demo account allows new traders to practice without financial risk.

  

Customer Service and Support

  Customer support at Fxtm is generally responsive, with multiple channels available, including live chat, email, and phone support. However, the lack of 24/7 availability may be a concern for some traders.

  

Trading Experience

  The overall trading experience at Fxtm is enhanced by fast execution speeds and user-friendly platforms. However, some users have reported issues with withdrawal delays, which is an area for improvement.

  

Trustworthiness

  Fxtm is considered a trustworthy broker due to its regulatory compliance and the segregation of client funds. However, the varying levels of protection across different entities may affect overall confidence.

  

User Experience

  Users generally report a positive experience with Fxtm, particularly appreciating the educational resources and user-friendly platforms. However, some reviews mention issues with customer support and withdrawal processes.

  In conclusion, the Fxtm Trading review for 2025 indicates that while the broker has several strengths, including competitive trading conditions and robust educational resources, potential clients should carefully consider the regulatory implications and fee structures before opening an account.

FXTM Trading review