Demo accounts are also available on all account types and trading platforms. Even as an Islamic trader you can access this account type through a swap-free account that is fully Shariah law compliant. Overall, if you can stand the higher spreads, it is a great entry-level account for you to start trading easily. In addition to the above features, FXTM also offers users a quality demo account so you can try the platform for yourself before investing any money. It’s important to note that FXTM in Europe only accepts professional clients as of March 2021. As pro traders are sufficiently experienced, the FXTM demo account is not available for them.
Stocks
Spreads and minimum deposits are low with a cent account also available. Real stock trading and copy trading are also offered though the selection of overall assets is limited. To evaluate brokers, we test the accounts, trading tools and services provided.
When trading at FXTM, traders should be assured of the suite of IT security measures and customer protections. The website uses encryption software to ensure users’ privacy and security. FXTM traders are well-protected against theft of funds or data, though always be cautious when it comes to sharing personal information on the internet. Our experts tested the customer support options offered by FXTM. We were able to contact the broker via phone, email, post or online chat (WhatsApp; live chat; Viber; Telegram; or Messenger). Our experts found xcritical cheating you can access unlimited virtual funds with flexible leverage in a simulated environment.
Filippo Ucchino started his trading career in Forex trading in 2005. He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. They are an ECN broker that primarily uses instant execution though this depends on your account type. This fee will only be applied if you have a real money account and not on any demo accounts. Your account base currency is that which you can trade with.
- Whether you’re a trading beginner, a market expert or a long-term investor interested in stocks – you’ll find the trading account that’s right for you.
- One big downside though, is that this broker does not accept EU retail customers anymore.
- Since we launched in 2011, over 3 million people have joined FXTM and thousands of new traders continue to join us every month.
- Investors try to forecast market price movements and profit from buying or selling an asset at a higher or lower price.
- The FXTM Micro Account is a huge point for attraction for many traders with a very accessible chance to start trading.
- The FXTM trade size available varies again depending on your account type.
Platforms and Tools
Using the products offered may not be suitable for everyone. Before you use these products, please take into consideration your level of experience, financial objectives and seek independent advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the FXTM brand based on the legal requirements in his/her country of residence.
Response times were quick, with an initial response to a live chat query made via the website followed up within two minutes. Several other deposit methods are also accepted, including Global Pay, Perfect Money and more. Simply select your chosen finance method via the deposit section in your profile interface. Note, spreads are floating therefore may increase during times of high volatility. Whether you prefer watching videos, reading articles, or engaging in live lessons with peers, we have the tools to help you become a knowledgeable trader. We’ve built our business around helping clients to trade and we’re delighted to have won over 25 awards since 2011 in recognition of this.
Exinity Group
You can invest in these either as CFDs or real stocks, though the real stocks option is not available under every FXTM entity. FXTM is a CFDs broker, every asset listed on the platform is offered in CFDs with the exception of some real stock purchases which are also available. The broker offers more than 250 assets in total in the following areas. If you would like to know more about these types of accounts, then you can always check our other articles on the best swap free brokers.
FXTM Invest is a type of copy trading service provided by the broker. This is available to all traders and you can start to copy successful traders with as little as $100. If you also want to get copied then you can earn a commission for every follower who copies your trades. These are provided by both the MT4 and MT5 trading platforms and come in at a total number of 38 charting indicators, and 44 drawing tools to help you customize your charts and trading experience. Algorithm trading through the EAs feature of the MT4 and MT5 trading platforms is also permitted, as is the use of VPS.
He expands his analysis to stock brokers, crypto exchanges, social and copy trading platforms, Contract For Difference (CFD) brokers, options brokers, futures brokers, and Fintech products. Yes, FXTM offers a demo trading account, a standard feature now offered by established brokers. Users can access unlimited virtual funds with flexible leverage in a simulated environment.
Social Trading – Copy Trading
Real stock trading is available with FXTM in a feature not often available with many brokers. This means you would have actual ownership of the underlying asset not like CFDs trading. This ownership would allow you to earn dividends and with very low commissions.
Here is all you need to know when it comes to FXTM withdrawals as a trader. Deposits are typically accepted in USD, EUR, and GBP through all deposit methods. NGN and INR (Indian Rupee) are also both accepted through Neteller while other currencies may be accepted locally. This ensures that FXTM worldwide has some of the very best regulation in the business in place. This is not only something that is widely respected in the industry, but also keeps you very well protected as a trader. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
MetaTrader is the universally popular online trading platform that lets you monitor the markets and trade in real-time. When you trade with us, you trade on one of these two powerful xcritical scammers platforms, beloved by traders of all experience levels around the world. FXTM is a major CFD broker that offers both instant execution and market execution depending on the account.