Alpari

Company Information

FXTM has been a global leader in online trading since 2011. FXTM or ForexTime has its main office in Cyprus, it has also been considered as one of the world’s fastest growing and best forex brokers, taking into account the fact that the company has expanded quickly within Europe and in some Africa and Asia regions. FXTM has also earned numerous awards over the years, named Best Investment Broker from FX Daily Info to Best Trading Experience from the World Finance Awards, both in 2019.

Markets

We were slightly astonished to find out about the broker’s extensive range of asset classes and instruments. Of course, it depends on what type of account you use, still though FXTM provides you with a lot of trading opportunities. All you need is to select the market and to go ahead. So, you can select between the following assets:

Trading accounts

Our team has compared the three types of account the broker offers: Standard, Cent and Shares ones. The main difference is in the amount of the first deposit, commission fee, leverage, spread, number of trading tools, and some other additional benefits.

Open an account

Opening an account with FXTM will take up to one day. All you need is to follow six simple steps:

1. to select Open Account on the top right corner of the website;

2. to enter your full name, country, email address, and phone number, and to choose the password;

3. to click Send PIN and enter either of the PINs you receive, to agree to the terms and conditions, and to click Register Now;

4. to complete the questionnaire, detailing further personal information, trading aims, and trading knowledge;

5. to submit the required documents to verify your account; 6) to make a deposit.

Minimum deposit

Cent accounts can be opened for as little as $10, while Standard and Shares accounts require a bit higher minimum deposit of $100.

Trading Platforms

FXTM has three trading platforms at your service.

FXTM Trader is the broker’s proprietary mobile trading platform. We concluded that app is very convenient to use. You can use indicators and other features on the mobile app, however, you will not be able to use Expert Advisors or trailing stop orders as these are only available through other platforms. You can use it to view live currency rates, manage all trading accounts, and open or close positions in a matter of seconds with one-click trading. The trading dashboard also allows you to see details of your trades, including profit, margin, and balance.

MetaTrader 4 is the most popular forex trading platform in the world. The broker provides access to MT 4 on Mac, PC, and both iOS and Android mobile devices and tablets. The platform is available in over 20 languages too.

MetaTrader 5 gives you more advanced tools. It is available in 30+ languages and is also available via PC, Mac, tablet, and mobile.Some standout features of MetaTrader 5 include the fund transfer capability between accounts, alerts, and the multi-threaded strategy tester. MetaTrader 5 has six pending order types and four order execution types. You can use 21 timeframes, 44 graphical objects, and 38 technical indicators to analyze data with MT5.

Our verdict

Our review of FXTM proves that it is a highly reputable broker with a solid experience and a wide variety of trading opportunities. The broker stands out with an average client approval time of fewer than 12 minutes, 84% of funds processed within five minutes, and a high customer approval rating. It also offers over 250 trading tools to its customers, as well as three trading platforms, and three account types. They tried to meet the basic requirements of different clients around the world. We hope our review has helped you to decide whether to trade with the very broker or nor. We wish you all the success.