FXTM is a regulated broker that specializes in trading and investment services. From what we’ve seen, the trading conditions at FXTM are some of the best in the industry. Ultra-low spreads across most popular currency pairs and fast order execution. And with just a $5 minimum deposit you can see for yourself.
FXTM has amazing customer service and if you are new in online trading you will soon come to appreciate the quick response times and knowledgeable support team that is always on hand to help. Apart from forex trading, the site also offers trading for a range of other financial products such as CFDs on commodity futures, ETF CFDs, share CFDs and spot metals. FXTM is a great choice for those looking for a competitive and regulated ECN broker.
Products and Services
FXTM offers both online trading and investment services and with an FXTM account you get access to more than 100 tradable instruments.
- Spot Metals
- CFDs on Commodity Futures
- CFDs on ETFs and Indices
- Share CFDs
Those who are not interested in trading specifically also have the option to diversify their portfolio by choosing one of the FXTM investment services. For instance, with the PAMM program, investors can fill out a suitability test to determine their financial profile and objectives and then the experts at FXTM can allocate their funds in an investment portfolio that matches their specific requirements. A very effective way to invest in forex and CFDs without any technical knowledge.
Copy trading is also very popular right now due to the fact that it presents the unique opportunity to copy the trades of other more experienced traders in real-time. Likewise, skill traders can set up their own signals and have others copy their trades at an appropriate fee.
Our favorite, however, is the recently released FXTM Investment Program. This is a truly unique program in the industry and thus far no other competitor seems to offer something that can compare. At first sight it may seem similar to copy trading but the FXTM Investment Program is super-easy to use, no installations are necessary and some really innovative risk management features are available to protect your investment. Investors only need to select from FXTM’s top ranking managers who are rated by profit, drawdown and aggression. And the best part is that there are no commissions and hidden management fees. You are only required to pay a fee if your manager generates profit.
Account Types and Promotions
Each FXTM account type has its own unique features but what makes each so attractive is the great trading conditions, low deposit requirements and fast execution times.
FXTM also offers trading on ECN. With little to no commissions - depending on account type - and extremely tight spreads, we highly recommend trying out trading on an FXTM ECN account. Experienced traders prefer this type of account because of the improved entry and exit prices and of course the lack of requotes.
Many brokers use bonuses to attract new clients but FXTM holds regular contests and promotions with meaningful prizes throughout the year. Even the demo contests that you can enter at no cost have real cash prizes that can be withdrawn or transferred to a live account. Live trading contests are a lot more exciting as well, with payouts sometimes reaching up to $100.000!
The spread on the Standard FXTM account starts at 1.3 pips while ECN accounts have even tighter spreads, starting from 0.1 with a $4 commission or 0.5 without commissions on the ECN Zero account. You can read more details in the broker’s Contract Specifications.
Another great thing about FXTM is that the broker has deep liquidity pools so you won’t have to stress about your orders not getting filled on time and we even had a pleasant experience without any hiccups even while trading during news announcements – though be warned that this might not always be the case.
One of FXTM’s strongest points is their exceptional customer service. The support team is knowledgeable and can help you with pretty much everything from platform-related technical problems to billing and payment issues. The support team as well as the personal account manager each client is assigned to – speak more than 15 languages between them, making it easy to get the help you need without any mix-ups. For an established broker, FXTM does a really great job providing clients with the attention they deserve regardless of account size.
In a nutshell, FXTM certainly doesn’t leave much to be desired. A solid broker with a great offering of trading services, promotions and support. It doesn’t hurt to know that your funds are safe either and it’s obvious that FXTM is properly capitalized and abides by all the relevant regulations. If you are looking for a great trading experience then FXTM is probably one of the first places you should start and we highly recommend that you open an account and see for yourself.