Launched in 2011, Forex Time (FXTM) is an online broker that is regulated by top financial authorities around the world. FXTM is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and Financial Sector Conduct Authority (FSCA). They offer forex and CFD trading in 250+ tradable instruments, spread across currency pairs, cryptocurrency, stocks, indices, metals, energies, and other commodities, with tight spreads, good execution speeds, and negative balance protection. The broker provides clients with the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), a collection of educational resources, several useful trading tools, and many different account types to suit every trader.
Markets
FXTM has been dealing with a vast range of trading instruments. The trading instruments involve Currency Pairs, Metals, Commodities, and Indices.
FX Market
FXTM provides you with the keys to trade the forex market 24/5 on the most popular major, minor, and exotic currency pairs. Forex is the world’s most liquid market, with over $6.6 trillion traded every day, providing potential profit chances.
Metals
As an alternative investment, trade the price movements of precious metals. On FXTM’s most popular account, you may trade gold against the dollar with spreads as little as 0.0 pips. Metals are popular among traders as possible safe-haven assets when markets are particularly volatile.
Commodities
Diversify your investment by pursuing trading opportunities in some of the world’s largest oil and natural gas markets. Trade on Crude or Brent Oil, and Natural Gas.
Indices
With FXTM, you may gain access to the greatest headline indices from all around the globe, including S&P500 and UK100. Trade market indices as CFDs with FXTM and enjoy the flexibility of lengthy trading hours to suit your investment and trading requirements. Mini indices are available for affordable orders.
Platforms
FXTM provides their clients with the industry-leading MT4 and MT 5 trading platforms, and they are available as installable applications for Windows and Mac computers, non-installable web terminals that work on any modern browser, as well as mobile apps for iOS and Android devices.
MetaTrader 4
MetaTrader 4 is a stand-alone online trading platform created by MetaQuotes Software. Trading on MT4 provides you access to a wide range of markets and hundreds of different financial instruments. MT4 platform provides simple, interactive. You’ll also get over 30 technical indicators that may assist you in identifying market trends and signals for entry and exit locations.
MQL4, or MetaQuotes Language 4, is a useful and fast programming language that is used on the platform to design trading strategies. It enables traders to create their own Expert Advisors, Custom Indicators, and other unique tools for managing trading orders. Other advantages of MT4 include its powerful security system and multi-device functionality, which allow you to trade with total confidence and at your leisure. We now provide Multi Account Manager (MAM) on MT4 for simple management and your optimum convenience for traders with many accounts. Improve your trading now by combining this cutting-edge platform with FXTM’s exceptional goods and services.
MT4 has its own web trader for Mac and PC. Besides this, it also has its own mobile app for Android and iOS. Overall, MT4 has the following prominent features.
- 9 different timeframes
- Instant real-time quotes
- 3 chart types
- Real-time interactive charts
- All trade orders available
- All execution modes available
- Over 30 technical indicators
- Trading history
- Immediate access to the financial markets
- Compatibility with six different browsers
- Advanced analysis tools
- Real-time quotes in MarketWatch
- Dynamic security system
- Availability in 20+ languages
- Expert Advisors
- Trading Signals
- Dynamic security system
- MQL4
FXTM Mobile App
The world of mobile trading is going to grow even broader due to FXTM’s brand-new forex trading app. The demand for investing applications has been expanding in recent years, and FXTM Trader is here to suit traders’ demands and better their online trading experience. The global markets are continually changing, and so are traders. You can enter and exit positions in seconds, check live currency rates, manage your trading accounts, and remain one step ahead of the markets – anytime, anywhere. Download one of the market’s newest and greatest trading applications now. Keep your market activity and all your trading accounts in your pocket, wherever you are. On the FXTM Trader app, you can keep track of your balance, earnings, and current prices on a super-secure and safe app. Never miss a market moment, and leave home knowing your accounts and MyFXTM can be accessed anywhere you are.
Tools
The broker also has a collection of free trading tools that can help traders to do technical/fundamental analysis, manage their risk exposures, and keep up to date with the markets. Some of the tools provided by this broker include Daily Market Analysis, FXTM Trading Signals, FXTM Pivot Point Strategy, Economic Calendar, Forex News Timeline, Currency Converter, and Calculators for pips, profits, and margins.
MT4 Indicators
Gain a broader insight into markets and personalise your trading experience with FXTM’s vast choice of free MetaTrader4 indicators. Data for analysis and the capacity to produce trade signals, the world’s most popular trading platform, includes a wide range of indicators to take your trading to the next level, whatever your degree of expertise. FXTM has picked several must-have MT4 Forex trading indicators to assist your market analysis. You can choose to employ any of these strategies or possibly combine many kinds to develop your own trading strategy. By getting a stronger grasp of the market, MT4 indicators may make you a more dynamic and possibly lucrative trader. Installing them is straightforward and intuitive, enabling you to increase your trading abilities now and discover where MT4 indicators can lead you. Every trader has their chosen personal trading strategies and investment goals. MT4 enables you to pick from hundreds of indicators so you can construct your particular style and define what works best for you.
Forex VPS Trading
FXTM’s eligible clients may host their virtual PCs on cloud servers, utilising PCs and mobile devices with Remote Desktop Protocol (RDP). A Virtual Private Server, more generally known as VPS, is a virtual computer that runs independently, much as a real computer does. A VPS is individually created according to your requirements and is very beneficial to forex traders owing to the security and flexibility it offers. It is constantly linked to the internet, which both speeds the execution process and adds to a safer and more reliable trading environment. Obstacles such as computer viruses, connection failures, and power shortages may be totally damaging to trade, particularly during instances of market volatility. Using a VPS may reduce these issues, making it an excellent technical environment for automated trading.
Pip Calculator
The pip value calculator will give you the value of a pip in the currency you wish to trade in. This information is critical in deciding whether a trade is worth the risk and managing that risk effectively.
Profit Calculator
You should realise that various account types have varying commissions, swaps, and spreads. The calculator should be used as a guide with your other risk management techniques. To assess the possible profit or loss of a trade, just start by picking the currency pair of your choice and choose whether you’re buying or selling. Once you have established the open and closing price, you can next pick the currency in which you’d want to view the results. Before you start a position on a trade, it’s crucial to know precisely how much money you may win or lose based on the result of the trade.
Currency Calculator
You can convert over 20 currencies quickly and effortlessly to know exactly how much your money is worth.
Education
The broker’s website has an education center that contains extensive educational resources, such as free e-books, tutorial videos, and a glossary of trading terminologies. They cover a vast range of topics, including trading strategies, trading tools, technical analysis, and others, which are useful to traders of all experience levels. Additionally, FXCM organizes free webinars in different languages from time to time.
Conclusion
FXTM is a leading retail brokerage brand that is regulated in multiple jurisdictions. With over 250 tradable instruments and quality trading conditions, the broker has a good selection of trading products and services for all types of trading strategy.
FXTM
Pros
- Plenty of currency pairs
- Multiple account types
- A large collection of educational materials
- Free forex VPS
- Free demo accounts
Cons
- Cannot accept USA traders
- Limited non-fx instruments
- No swap-free accounts
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
