Negative slippage got as low as 14.18 percent in the same month. As mentioned, ForexTime works with WebTrader for MT4 and MT5. This lets you access the markets on a PC or Mac without the need to download any software. Those who prefer to trade on the go will also appreciate the support for applications for tablets and mobile devices.
The sheer number of CFDs to trade on some of the highest leverage available makes FXTM a clear choice. I had to withdraw part of my money, and I had difficulties with the procedure. The account manager, Najib Atallah made exceptional efforts to help me out. He understood my situation, articulated to me why there is difficulty from FXTM’s side, and listed to me the various options I have.
These are well establishes pieces of software so you should feel right at home with them. The encryption includes server authentication and user identification policies. Thus, ensuring the data gets sent to the proper server and customer terminal. ForexTime offers a loyalty program in the form of Loyalty Cashback.
FXTM provides access to stock trading, although the choice of stocks is rather limited. FXTM maintains 60 currency pairs, 8 commodities, 21 index CFDs, 802 equity CFDs, and xcritical cheating 639 US-listed stocks. The choice of commodities and index CFDs is limited, but the overall selection of trading instruments is competitive.
ForexTime Market Analysis
The procedure of account opening on FXTM is quite simple and quick. The broker provides easy registration, offers many account types and has quite affordable requirements for the minimum deposit. It essentially involves copying of trades of successful traders. The customers can connect to any trader and after that the traders of that trader will be automatically copied on the trading platform. The website features the rating of the best traders on FXTM.
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. This means that a $10 deposit will be displayed as 1000 cents.
Overall, ForexTime is a very solid company with good regulations, competitive spreads and a well maintained platform. Additionally, it includes keeping data integrity and ensuring all data stays unchanged throughout a transmission. Overall, FT Global Limited always follows regulations strictly. Thus, emphasizing the protection and security of clients and their investments plus client fund safety. There are at least several workshops or seminars every week, so there should be one that appeals to most clients. It lets you combine three popular indicators with five calculations for pivot points to improve your financial strategy.
Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Additional security settings, such as two-factor authentication (2FA) and one-time passwords (OTPs), can be added to FXTM platforms. FXTM investors should feel confident that trading opportunities are not halted while on the move. MetaTrader 4 offer a mobile-compatible app, available for free download to iOS and Android (APK) devices. If you request to withdraw your funds following no trading activity, FXTM reserves the right to charge a 3% fee of the total withdrawal amount. Note, account verification must be completed to process payments.
There is a maximum of 300 pending orders and no limit on orders. With Shares Accounts, the trade volume can be between 0.01 and 10 lots. Margin call is at 40 percent and stop out is at 20 percent. This method lets ForexTime clients create their trading strategy or choose the strategy of someone else. They can then use an automated trading system, such as Expert Advisors, to follow the trading strategy. The algorithmic trading is automated trading, which provides a great deal of convenience for traders who are busy.
Comparison of market availability on FXTM, XM and OctaFX
Response times were quick, with an initial response to a live chat query made via the website followed up within two minutes. The daily commentaries are from the FXTM team of experts. Remember xcritical to check the terms and conditions of promotions and contests before getting started – challenging minimum thresholds and requirements may be set. Promotions include, among others, a 30% welcome bonus and access to the FXTM loyalty program with fee discounts and other perks for active investors.
There are not too many ‘perks’ for the experienced traders on FXTM. The broker does not have professional analytics, advanced trading platforms, investment instruments, etc. ForexTime offers its users a wide choice of deposit and withdrawal methods. The company ensures quick and convenient financial transactions for its customers. I ve just opened a demo account and now studying in this company, working under their affiliate program at the same time.
Customer Reviews
The Daily Market Analysis covers a range of topics with articles of varying lengths from the experts at ForexTime. At the time of writing, each of these graphs displays the statistics for each month of 2018. Order execution speeds are lowest for Pro trades, which get as low as 0.050. As mentioned, ForexTime supports mobile trading for convenience.
- Also, I would like to note the advantages of high-quality training and analytics.
- This service is registered and regulated in the UK, South Africa, and Cyprus but does not serve customers in the USA, Canda, Japan, or a handful of other countries.
- We were offered a free pip calculator and profit/margin calculator when we traded with FTXM, alongside expert market analysis.
- Thanks to the ability to use a protective stop-loss and choose profit levels, you can plan your trades.
One of the innovative tools offered by ForexTime is FXTM Pivot Points Strategy which lets you identify the market sentiment immediately. There is also a specific market analysis related to xcriticalit via a xcriticalit Countdown and guide. Looking at the requotes, you see that ForexTime has a competitively low rate that the company is striving to improve. The requote rates in 2018 never averaged above 2.08 percent and got as low as 1.51 percent. The slippage graph shows that most FXTM clients get to take advantage of positive slippage while enjoying reduced negative slippage. In 2018, positive slippage got as high as 85.82 percent in March.
Residents of which countries cannot trade on FXTM?
They also have a SWAP-free option, and your choice of GBP, USD, EUR, and NGN. FXTM also delivers fast execution as transactions are executed immediately. This means that you do not have to worry about delays interfering with your ability to get the best prices. Yes, FXTM offers MT4 and upgrades the core version with six plugins. FXTM allows scalping and maintains an excellent trading environment for scalpers.