The first currency is called the base currency and the second currency is called the quote currency. So for example, EURUSD, means that the base currency is t… Put simply, Margin Level indicates how “healthy” your trading account is. It is the ratio of your Equity to the Used Margin of your open positions, indicated as a percentage.
Swap-Free Account Fees
I like the regulatory framework at FXTM, ensuring traders have access to competitive trading conditions and superior protection. FXTM is a member of the Honk Kong-based Financial Commission, where the Compensation Fund protects traders up to €20,000 per claim. It is identical to what CySEC offers but does not come with regulatory restrictions. As you’ll find out in the following ForexTime FXTM review, this app stands out for its quick trades and withdrawals, which are facilitated by the MetaTrader platform.
What is the FXTM ECN Zero account?
- It is not only an online trading platform, but also an online teaching platform.
- FXTM ensures traders have swift access to a representative should the need arise.
- This ensures that you have an amazing and more importantly, a “secure” trading experience with us.FXTM is on your side, Nitin and we wish you Happy Trading!
- If you require any assistance, please feel free to reach out to our Live Support Team through our website/app on the Chat Portal.
- Our 2024 FXTM review has rated them the best forex education broker.
All the company’s traders will earn up to $25 bonus for referring their family and friends. Also, they can earn $10,000 by referring family members and friends and they can withdraw the amount anytime they want. Founded in 2011, ForexTime – FXTM – is authorized and regulated in various jurisdictions to provide online trading services.
The worst broker ever i seen in all my…
The sheer number of CFDs to trade on some of the highest leverage available makes FXTM a clear choice. Verified traders must close all open positions and wait for funds to settle. Once the account shows a cash-only balance, they can withdraw all their money from FXTM. Therefore, traders scammed by xcritical should consider FXTM among the most-trusted brokers industry-wide. Besides offering tight spreads for competitive commissions, FXTM also keeps swap rates on leveraged overnight positions low.
Also fees are, on average, in the low to medium range. The daily commentaries are from the FXTM team of experts. Note, spreads are floating therefore may increase during times of high volatility. 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.
FXTM, also known as ForexTime, is a legitimate brokerage with multiple industry awards. Established in 2011 and based in Mauritius, the company has offices in Dubai, London, Hong Kong, Cyprus, Nigeria, Kenya, Mexico, Colombia and Chile, with more than 500 staff. FXTM is is also regulated by tier-one financial bodies, including the FCA in the UK. Customer service teams are also available in 7+ languages, catering to global traders. FXTM offers industry-favorite platforms – MetaTrader 4 (MT4) and MetaTrader 5 (MT5). They can be used as web-based profiles or downloaded to desktop devices (Windows and Mac xcritical cheating compatible).
This takes you to an online registration form, in which you have to enter your names, country of residence, and email address and create a password. Generally what they do is like, invest $100 and trade 0.8 to max tradable standard lot, really they. And each time they make huge profits and huge losses, only then they come against the broker.. FXTM provides access to the popular MetaTrader platforms, including MT4 and MT5. These platforms are available on various devices such as PC, Mac, mobile, and web-based options.