Overview of FXTM Forex Trading Broker

Every now and then there is a new broker emerging on the scene that promises reliable service and best customer care. But only a handful of those is able to deliver the promise and live up to the expectation of the people. One such highly successful and reliable broker is FXTM (ForexTime.com) which is an international brokerage brand by Andrey Dashin who happens to be the creator of well-received Alpari line of Forex brokerage companies.

In the year 1998 and its subsequent years, Andrey focused on developing both US as well as European FX market but his last venture was designed for capturing nearly everything else. Clearly, his secret formula keeps working every since and within a short time period of few years, FXTM has carved a niche for itself and become an industry leader.

FXTM is regarded as one of the fastest growing brokerage firms in the industry. In order to support the growing rise in global clients, the broker has opened a number of different rep offices all around the world. The headquarters of this brokerage firm is located at a 5 storied FXTM tower in Cyprus. This year, a new office is opened in London that will open the business throughout Europe. It feels like a natural move from the broker in order to become successful.

If you pay attention to the different press releases, you will find that it is a story of continual achievements which is entirely based on transparency, innovation, integrity and the drive to provide clients with a world class trading experience. Independent reviewers have given the broker some really good marks and high ratings. It clearly shows that the experienced management team is working round the clock. Security and safety of the funds continue to remain the top priority of FXCM broker.

Introducing FXTM’s Beyond the Track

The overall service and product offered by FXCM broker are all-encompassing. No matter you are an experienced trader or a novice one, you will find everything that you require from the easy to navigate website of the broker. It is interesting to know that support is available in 18 different languages and still counting. STP, as well as ECN set up, is available for the desired traders.

The formats are supported by industry standard MT4 as well as MT5 platform protocols and mobile trading is not the least bit problem for the users. There is a new tool offered by the broker called ForexTime App that is compatible with Android as well as iOS operating system and has been designed for the techno-savvy trader.

In addition to this, there is an FXTM Pro trading account available that is specially designed for the high-end trading professionals and institutions. It comes with several exciting features like lightning fast market execution, spreads starting from 0 pips and deep interbank liquidity.

Since the last time we reviewed the broker, FXTM has introduced thrice as many as Spot Metals, CFDs on commodity futures, ETF CFDs and much more. The Shares trade account-specifically designed for the Share CFDs-is reinforced by a direct connection to NASDAQ and NYSE for the listed pricing on products.

As a modern approach to copy trading and investing, the “FXCM Invest” is an easy to use program that brings both the investors and traders closer to the markets. The company promises its highly transparent feature by regularly publishing important trade statistics on their official website: speed of order execution, slippage and requotes levels. Additional information feeds, continuous commentaries and charting tools make the trading experience really wonderful and the customer support department is in the top of the line. If you like special promotions and contests as well as social trading, the broker does not disappoint you the least bit. 

Additional information feeds, free-flowing commentary and charting tools make the trading experience really wonderful and the customer support department is in the top of the line. If you like special promotions and contests as well as social trading, the broker does not disappoint you the least bit. 

The real truth is there is no area where we feel the FXCM broker is lacking. The broker has shown a tremendous amount of progress in the last 2 years and it is one of the most traded brokers on the Forex market. At the moment, the broker does not accept traders from the USA.

Spreads and Leverage

Tight spreads are the norms no matter whether on ECN or STP setups. With the FXTM Pro Account, spreads start at the tightest possible 0 pips. The leverage ratio is flexible and the broker offers negative balance protection to the traders.

Trading Platform

The main software for FXCM broker relies on the most popular MetaTrader series of trade platforms for both MT4 and MT5. The trade account classifications relate back to both types with 3 different categories offered in STP version and 5 for ECN service. All 8 versions come with a swap free option and a free demo account is available without any expiry period. With the ForexTime App, one can get minute by minute updates and market analysis on their smartphones. The SSL technology encrypts all the data making it difficult for the cyber thugs to hack.

Deposits and Withdrawals

The FXTM broker offers a wide range of different payment options for both deposits as well as withdrawals. Some of the different payment gateways available for the traders include credit/debit cards, electronic wire transfer, e-wallets and different other local payment methods specific to the particular region. From time to time, different payment methods are added by the broker. At the moment, there are 30 payment options available with the broker. Traders are requested to keep their ID data ready in order to avoid last moment glitch on any kind of withdrawal request.

Beginner Support

The broker has its website designed in such a manner that beginners, as well as inexperienced traders, will have no problems whatsoever in doing online trades. Every week, webinars are added with a plethora of different learning aid available for the traders. The daily commentary is available from the “Market Research Team” with streaming news, alerts and signals. There are dedicated account managers available who are available round the clock to provide the desired support to the traders concerned.

Conclusion

FXTM is one of the very few brokers that have entered the Forex market with a lot of flourishes. The management team is very proactive and reliable who are always prompt in their services. The prestigious awards and favourable testimonials speak volumes about this brokerage firm. FXTM has been created to provide a safe haven for the FX traders.

FXTM is really worthy of your time and money. You will have a great trading experiencing doing business with this brokerage firm and it would never prove you wrong.

Summary
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FXTM Forex Broker
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