Forex Time popularly known as FXTM is a Forex and CFD Broker founded in 2.014 with the vision of offering quality services to all its clients who trade on its platform, its main offices are located in Cyprus and also has other offices in various countries around the world including Spain, France, United Kingdom and other countries.
Forex Time is a very safe Broker and different from the others in some aspects, it should be noted that this financial institution offers its trading and investment services through two companies completely separate from each other and the same are regulated by different laws but in turn meet the same objective that is to preserve the safety of its customers to operate and verify that all transactions are completely legal and transparent.
FXTM is regulated by CySEC of Cyprus with license number 185/12, has regulation in the FSB of South Africa with license number FSP 46614, is also regulated by the FCA with license number 600475 and is also regulated by the IFSC under license IFSC/60/345/APM, as already said this Broker offers its services through two companies that can be considered as subsidiaries as they belong to the same group but each is regulated by a different entity according to its geographical location.
With FXTM you can have access to multiple markets around the world, everything from a single platform to make life more comfortable for their traders, this Broker is of the type ECN / STP and because of this all transactions made on it are executed quickly with extremely low spreads, which vary depending on the amount of money that each Trader mobilizes, thus offering access to the main providers of liquidation of the company.
Traders who trade on its trading platform have access to more than sixty currency pairs in the market, it goes without saying that among those pairs are the most popular in the world. One of the most attractive aspects of this trading platform is that it offers a maximum leverage of 1:1000 and of course for people it is a great incentive to have such a high leverage level.
It should be noted that the leverage levels of this Broker may vary depending on the amount of money being traded and the account to be opened, generally the highest levels are for small amounts of investment and the more money you move the lower the leverage will be, but that is something you will read later in this entry. The minimum size of each transaction is 0.01 lots and spreads although they are variable can also become fixed and start from 0.0 pips depending on the real account that has been created with the platform.
CFD contracts have many financial instruments to be used, it should be noted that this Broker is popular especially in the use of CFDs, so if you intend to invest using these contracts FXTM is your best option.
Now among the underlying instruments there are more than 190 shares of the main companies and stock markets in the world, on the commodities side there are only 7 futures contracts available (although it seems little is more than enough) because among them are included the most popular precise metals in the world to trade, these are gold and silver along with the most popular commodities.
Contenidos del post:
- FXTM Broker Account Types
- Cent Account
- Standard Account
- ECN Zero Account
- ECN MetaTrader 5 Account
- ECN Account
- Share Account
- FXTM Pro Account
- Forex Time Trading Platforms
- MetaTrader 4
- MetaTrader 5
- MT4 Webtrader
- MT5 Webtrader
- Platforms for Smartphones
- Automate your trading with FXTM Forex Time
- Forex Time’s Invest FXTM Copy Trading Platform
- FXTM Trading Tools
- Daily market analysis
- FXTM Signals
- Economic calendar
- Forex News Timeline
- Currency Converter
- Margin Calculator
- Benefits Calculator
- Pip Calculator
- Learn how to trade with FXTM
- Forex Time Bonuses and Promotions
FXTM Broker Account Types
The FX BrokerTM offers a wide variety of accounts for their clients to trade Forex, everyone is free to choose the account that suits them best to open with the platform, however whichever you choose in good as this is an excellent company.
Before continuing remember that by ESMA measures if you are a resident of an EU country the maximum leverage is restricted from 1:2 to 1:30 depending on the asset you use for any type of account in this Broker and any other, now either the accounts offered by this FXTM are:
This account requires a minimum deposit of at least 5 currency units in dollars, euros or pounds sterling, has more than 25 currency pairs with which to trade, the execution of this account is market, spreads are variable and start at 1.5 pips, the maximum leverage is 1:1000, the minimum size of each transaction is 0.01 lots, the required margin is 60% and stop out of 40%.
This is the account that was formerly known as Strategy, it was updated and now the minimum deposit that requires 100 monetary units, the base currencies to trade it are USD, EUR and GBP, has more than 52 currency pairs to trade Forex along with 5 metal prices for CFD contracts. The execution type of this account is market and spreads are variable and start at 1.3 pips.
The minimum lot size for each transaction is 0.01 and the maximum leverage level is 1:1000. The maximum number of orde rs that can be executed at a time is 100 as well as the maximum number of lots per transaction. This account does not charge any commissions for operations. The margin adjustment is 40% and the Stop Out is 20%, the execution of this account is ECN and is immediate.
ECN Zero Account
In order to open the FXTM ECN Zero account you need a minimum deposit of 200 currency units, the base currencies are the same as for the previous account, it has only 48 currency pairs to trade Forex along with 5 precious metals, the maximum leverage is 1:1000 and it can vary between 1:25 to 1:1000 , it all depends on the Trader.
The minimum lot size for each transaction is 0.01, the maximum number of orders is unlimited but the maximum volume of lots per trade is 100. This account does not charge any commissions for trades. Since 2018 this account has been updated and is now also available with FXTM Invest.
ECN MetaTrader 5 Account
In order to open the ECN MT5 account you need a minimum deposit of 500 currency units, the base currencies are the same as for the ENC Zero account, this account has the least amount of currency pairs available since there are only 34 to trade Forex and two spot metals for CFDs, the type of execution of operations is market. Leverage is variable and can range from 1:25 to a maximum of 1:500 depending on the amount invested.
The spread of this account is variable and starts from 0.2 pips, the minimum size of lots of each trade is 0.0, has no maximum number of orders and the maximum number of lots per trade is 100. This account has commissions of 4 dollars for each lot traded in financial transactions. Since mid 2018 this account has been updated and is now also available with FXTM Invest.
This account requires a minimum deposit of 500 currency units, the base currencies of the account are USD, EUR, GBP; you can trade 48 currency pairs and 5 precious metals, the execution is market, spreads are variable and range from 0.1 pips, the minimum transaction size is 0.01 lots, has a variable leverage according to the amounts ranging from 1:25 to a maximum of 1:500, the maximum number of orders has no limits and the maximum volume of lots per trade is 100. This account has a commission charge of 4 dollars for each lot traded in financial transactions. Since mid 2018 this account has been updated and is now also available with the Copy Trading FXTM Invest platform.
This is a new type of account designed for those who want to trade on the stock exchange with Shares, the fixed leverage which is also the maximum is 1:10, the minimum deposit in this account is 100 USD/EUR/GBP or 20,000 NGN, the trading platform available in this account is MT4. The spreads on this account start at 0.1 pip, the margin adjustment is 40% and the stop out is 20%, the available stock CFDs are more than 190 and the minimum volume of each trade is 0.01 lots.
The maximum volume of simultaneously open orders is 100 and the maximum volume of lots per order is 10, prices are reflected with up to 2 decimal places and in addition this account is free of swaps, on the other hand the Shares account does not charge commissions for the transactions that are executed.
FXTM Pro Account
This account requires the highest minimum deposit required by the Broker, as such it is only for traders who handle large amounts of money, such deposit is 25,000 USD/EUR/GBP or equivalent in NGN, has 44 currency pairs to trade Forex along with 2 spot metals for CFD contracts, the execution type is market. Spreads are variable and start from 0.0 pips, the minimum transaction size is 0.01 lots, the maximum number of orders is 300 and the maximum number of lots per trade is 250.
The accounts mentioned above share certain characteristics, but it can be said that they are all related to each other, however each one of them adapts perfectly to the needs of each Trader. The margin adjustment for this account is 80% and the stop out is 50%, the leverage is variable from 1:25 to 1:200. This account does not charge any commissions for operations.
Forex Time Trading Platforms
The FX BrokerTM offers the popular downloadable MT4 platform, with which you can trade the Forex market using all the tools at your disposal to make calculations and estimates based on currency movements. MT4 has multiple trading tools for market analysis and allows traders to connect their accounts to FX Copy TradingTM.
This is the improved version of MT4, although it is newer and brings more features it should be noted that most traders still prefer to use MT4 for trading, however that is not a limitation for you not to use it, on the contrary can be very beneficial for you to familiarize yourself with it and learn to use this platform, since its interface is easy to manage and has good tools to analyze the market.
This is a trading platform which requires no download, is like using MT4 with the difference that it does not need to be downloaded to launch and analyze the market. With MT4 Webtrader you can use all the financial instruments that Forex Time makes available to you and trade from your PC without the need to install a program.
MT5 is a 100% online trading platform just like the one mentioned above, you just have to run it from your browser to start trading Forex, it doesn’t require any download and it has the same functions as the downloadable application.
Platforms for Smartphones
If you are a trader who likes to trade Forex from your mobile, then FXTM offers you platforms for mobile devices which are based on MT4 and MT5, although it is for mobile the functionalities are not limited, on the contrary it is like trading from a PC with the difference that you will see through a smaller screen and you will not be able to see several charts simultaneously.
Automate your trading with FXTM Forex Time
In FXTM you can automate the Trading to trade in Forex, it is not necessary that you are all the time pending of your operations, that is to say, as investor you must be aware of everything that happens with your money but that does not mean that you only have to be pending of the investments, also you must have time to do other things and in the case of this Broker it is allowed to automate the operations defining everything that will execute the algorithm even the stop loss for the orders.
FXTM trading automation is only available to clients who use the downloadable MT4 and MT5 platforms, in short if you use the web versions you will not be able to automate financial transactions. One of the advantages of automating trading is that the Copy Trading system can be left 100% on automatic pilot and copy in real time to other operators who do trading with the Broker.
If you decide to open an account with FXTM you can trade one hundred percent automatically and choose whether to execute your own trades on your own or copy to third parties, as such that decision is already yours. Traders through FXTM Metatrader Trading Signals can choose the best signal providers to copy trades, if you open an account you will know that many of them provide good results so it may be profitable to copy them, but remember that this does not reduce the risk of Forex trading.
Forex Time’s Invest FXTM Copy Trading Platform
This Broker offers a completely online Copy Trading platform in which you can create two types of accounts, the first is the strategy manager account and the second is the investor account. As a strategy manager you would be the one who would trade allowing investors to copy you, on the other hand investors can earn up to 10% of the operations that copy the managers and the latter can earn up to 50% commissions on the profits that investors get by copying them.
The strategy manager account requires a minimum deposit of 200 USD/ EUR/ GBP, this being quite affordable and if your strategies are successful you can have many people copy your trades and earn up to 50% commissions as I said. You define the commissions and these range from 10% to 50%, make sure they are not so low or so high and you can get an average of customers who copy you quite high, I recommend that as a manager you define the commission between 20% to 30%.
On the other hand as an investor you can copy the operations of several strategy managers, to copy each manager requires a minimum deposit of 100 USD / EUR / GBP, I recommend that you choose managers of strategies with medium risks, which have a good return and that the fees charged for successful transactions are not so high, personally I copy up to three managers at once but you can track more; you can choose between 1800 different managers and each of them have unique strategies based on various methods of investing in Forex.
In FXTM Invest as an investor you have a filter to place the characteristics you are looking for from a strategy manager and you also have a top 5 where the five best providers of the Broker appear, remember that the strategies and the managers who make them vary a lot so you must monitor your account all the time. One of the positive things about FXTM’s Copy Trading platform is that it allows you to define a redemption value of up to 90% of the capital invested as an investor so you won’t lose so much money if the strategy you copy isn’t successful.
Apart from the redemption value that can be assigned you can also have another prevention of funds, as I said an investor can copy up to 10% of the operations of a manager this means that if the manager opens a position by a lot the investor opens an automatic way of 0.1 lots, if the manager gains or loses 5% of its capital the investor will also gain or lose, but here the investor can activate the security mode and only copy 5% of the value of all transactions returning to the previous example instead of copying 0.1 lots would copy 0.05 lots.
Copy Trading in 84% of cases is profitable but the risk of capital loss is always present so you must be very careful with regard to investors who copy, in my particular case I analyze their last four weeks and depending on the results they have decided whether or not to copy the operations of the strategy manager. I recommend that you analyze a little their past results and determine whether or not you want to copy to a manager.
FXTM Trading Tools
Daily market analysis
FXTM makes a complete daily market analysis available to all its clients, thus Traders save time to make their estimates, with this information Traders can keep up to date with all market analysis without missing the most important events for a given date. Most of these news are in English, however if you use Google Chrome you can translate everything easily.
FXTM signals are very useful tools that provide complete data and evaluations of market fluctuations for all the financial instruments that are handled in Forex Time, including those destined to CFD contracts, to access the information of FXTM Trading signals you only have to register in the platform.
The economic calendar is essential for any trader as it shows the updated indicators and possible future movements for a given asset, such as an important event that can give a 360-degree turn to a particular currency.
Forex News Timeline
In this chronology you will have the most important and relevant news about the Forex currency market; all the information shown here is live and direct from one of the most reliable sources in the world and all this is available on the MetaTrader platform, you can also find them on the Broker page but for convenience it is better to see them in MT4 or MT5.
With the currency converter you can calculate the exchange rates of the main currency pairs of the Broker Forex Time and the best thing is that it is completely free to do so. You must keep in mind that the conversion price will be the most updated at the moment.
It’s good to know the risk of a trade and it’s best to estimate it before you regret any bad transaction, that’s why FXTM puts a margin calculator to estimate the risk of any investment you intend to make. Like the currency converter the use of this other tool is completely free.
With this calculator it is possible to estimate the liquid benefit that can be obtained if a financial operation is successful, this other one to say that they are only estimated data and until the execution is done the real result cannot be had, simply this is an estimation.
With this other you can estimate the profits or losses before making a trade with a currency pair, as such it can be extremely useful to avoid risking more money than is owed.
Learn how to trade with FXTM
FXTM offers courses and webinars on its website for beginners to learn about the forex market and how to start investing, all this material is completely free, some things can be purchased without having to register with the Broker but others require registration. For FXTM the financial education of all people is fundamental and that is why they have implemented this training and education program so that people can become successful traders in the future.
Any person can have access to the Broker’s educational articles, this material is of first quality since it has been written by professionals senior experts in investments, remember that although you can access certain things it is better that you register to have all the available content and thus to begin as it should be. Remember that you have available web seminars that have been previously recorded with which you can learn basic and advanced aspects of the market.
Forex Time Bonuses and Promotions
Forex Time offers promotions because its staff knows that people like that, in this situation all those who decide to register on its platform are entitled to receive a bonus of $ 30, but to receive it is necessary to make a minimum deposit in any of the accounts opened in the first thirty days after having created it otherwise the client is not entitled to the bonus.
It should be noted that promotions may vary, i.e. they are not kept constant because they have expiration dates, however you should be aware because the Broker every so often takes out some new promo, which may include gifts or refunds of money for loyalty.