FXTM Broker Review: Comprehensive and Neutral Analysis

As part of our commitment to providing traders with reliable, comprehensive, and unbiased information, today we're focusing on FXTM, a well-established brokerage company with a track record spanning over a decade.

Broker Information and Background

FXTM, also known as ForexTime, is a forex brokerage firm that operates under the auspices of several regulatory bodies, including Forextime Ltd, Forextime UK Limited, Exinity Limited, and FT Global Limited. It's not a newcomer to the scene, having been founded in 2011 and conducting its online operations since the same year.

Trustworthiness is a key value proposition for FXTM, having serious regulation and partitioned (segregated) accounts for clients to safeguard their funds.

Unfortunately, the platform is not open to traders based in the United States.

Getting Started

Starting your trading journey with FXTM is incredibly accessible. The minimum initial deposit has been set at only $10, making it a fantastic option for those at the beginning of their trading career or those with a limited budget. The minimum position size is equally inviting at 0.01, a gesture tailored to accommodate different trading strategies and limits.

FXTM Trading Features

Seamlessly combining traditional and innovative features, FXTM makes for an exciting trading experience. Old-school trading by phone is available for those who prefer a more personal touch. At the same time, the company offers free educational resources, aimed at empowering traders with invaluable insights to navigate the markets confidently.

FXTM adds a dash of competitiveness to trading with its trading contests where traders can showcase their strategies and earn rewards. A beneficial feature, especially for novice traders, is the availability of a personal manager to guide you through your trading journey.

On the topic of bonuses, FXTM uses this as an incentive for different trading activities, which could boost your trading power.

Spread and Leverage

A defining trait of a good broker firm is its spread policy, and FXTM does not disappoint. It offers low spreads, which is certainly a favorable condition as lower spreads imply lower trading costs.

On the downside, there seems to be some ambiguity regarding the maximum leverage provided by this broker, necessitating further clarification from their side.

Summing Up

With an average rating of 8.5, FXTM is undoubtedly commendable. It encompasses innovative features and solid traditional practices, catering to a wide spectrum of traders' preferences. While it has several strengths, prospective traders based in the U.S are restricted, and there is uncertainty regarding its leverage offerings.

Traders must always undertake extensive research before choosing their trading partner. In this respect, FXTM showcases a blend of accessibility, customer empowerment, and trustworthiness. Its unique aspects and the serious regulatory oversight it operates under make it a compelling option for traders worldwide. However, it is recommended to seek further information about the maximum leverage.

Stay tuned with DayFunded for more unbiased, expert broker reviews to guide your trading journey.