0 FXTM: Forex Broker

FXTM: Forex Broker
Start: 24.02.2023
Regulated: IFSC | CySEC
Max shoulder: 1:30 - 1:2000
Min deposit: $10
Demo account: yes

Fans of global online trading need a reliable broker capable of providing access to the international market. One of these intermediaries is the ForexTime broker.

What kind of broker is this

A relatively young broker founded in 2011 by businessman and philanthropist A. Dashin. The company positions itself as a financial service and a global automated currency broker. Provides its clients with access to such instruments as CFDs, currencies, commodities, stocks, indices, cryptocurrencies in more than 150 countries around the world. Over the entire period of its activity, Dashina Company has received more than 25 different awards for its services and products.

Key advantages of the FXTM broker

One of the most important conditions for the functioning of any broker is the security of its clients. And in this part, the company declares the regulation of its activities in several countries at once, including in the UK, Cyprus, and the Republic of Mauritius. Other advantages include the following:

  • a large number of educational resources;
  • online support;
  • user-friendly interface;
  • a wide range of trading tools;
  • the possibility of using an account without a swap;
  • the ability to trade with leverage;
  • competitive trading platforms;
  • access to ECN accounts;
  • the ability to trade both real and virtual money;
  • the separation of traders’ money on different accounts as an additional security measure.

Trading conditions and account types

The minimum deposit is set at 10 dollars/pounds sterling/euro. Spreads are narrow from 0.0 pips, the minimum leverage is 1:30, but professional traders can trade with a higher leverage.

The broker offers novice traders to use a secure virtual account. There are 6 types of accounts for professional market participants, the first 3 of which are standard, the rest are ECN accounts designed for forex experts.

Trading platform

At the client’s choice, the broker offers for trading the well-known MT4, as well as an improved version of MetaTrader 5. MT 5 is the most modern online trading platform developed by MetaQuotes Software. This is a platform with advanced functionality that provides for the possibility of technical analysis and automated trading with the best tools.

How to open an account in FXTM

Opening an account with FXCM involves registering in the system and creating a personal account. To do this, go to the broker’s official website, click on the link “open an account”, and then fill in the empty fields in the proposed form. Personal data, country of residence, phone number, e-mail are indicated here. The user will also have to come up with a password. After the system sends the PIN code, you can complete the registration and proceed to the registration of your profile. The whole process takes a little time, after setting up your personal account, you can start trading.

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