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.
FXTM offers forex trading in more than 60 currency pairs. This includes a range of major, minor, and exotic currency pairs. The spreads on these currency pairs can start from 0 pips depending on your choice of trading account.
When it comes to FXTM commodities trading, 2 metals are available. You can trade gold against the USD, EUR, or GBP, and silver which you can trade against the USD, and EUR. Besides that, 3 energies are available to trade. These are Brent Crude, and WTI Crude oil as well as US natural gas.
FXTM offers no trading in agricultural commodities at the moment.
A total of 5 indices are available to be traded as CFDs with the broker. These include 3 standard indices in the form of the DAX 30, ASX 200, and UK 100. There are also 2 US mini indices for trading at a lower risk in the form of both the NASDAQ and SPX 500, both mini.
Stocks form a large part of the FXTM offering with more than 190 available on both the NYSE and NASDAQ exchanges. You can invest in these either as CFDs or real stocks, though the real stocks option is not available under every FXTM entity.
Trading in FXTM crypto is available too. A total of 4 markets are available. These are Bitcoin, Ethereum, Litecoin, and Ripple.
Execution, leverage and position sizing
Here are some of the key trading features you can expect to find once you begin trading at FXTM
FXTM provides for a number of execution styles. They are an ECN broker that primarily uses instant execution though this depends on your account type.
Instant executions are used on non-ECN account types. This kind of execution could lead to a requote if the price is not available, and the broker acts as a counterpart with this type of execution.
If you are an FXTM ECN account holder, then market executions are offered. These results in no requotes and the broker does not act as a counterpart to these trades since you will be trading on the markets directly.
The FXTM leverage which is available to you will depend on a couple of factors. These factors are primarily which regulatory authority you are trading under and also which asset you are trading.
In that case, if you are trading under the Forextime Ltd entity in the EU, the Forextime UK Limited entity in the UK, or the ForexTime Limited entity in South Africa then your maximum leverage will be 30:1.
The only exception here is if you are trading on a professional account within the EU or UK then your leverage can increase to 200:1.
If you are trading under the Exinity Limited global entity of the broker, your maximum available leverage will be 2000:1 although dynamic leverage is applied here depending on your positions size where 2000:1 is available for up to 0.5 lots, 1000:1 for 0.5 to 2 lots, 500:1 from 2-20 lots, 200:1 leverage for trading 20-60 lots, 100:1 on 60-80 lots, and finally 25:1 leverage on more than 80 lots position size.
The FXTM trade size available varies again depending on your account type. The typical minimum trade size available is a micro lot. This is equal to 0.01 standard lots or a cash value of $1,000 which could be further decreased if you are trading on leverage.
If you are trading on a cent account however, the minimum trade size is 0.1 nano lots. This allows for positions to be opened for as little as $1 in cash value meaning that the $10 minimum deposit for a cent account has you well-equipped to trade.
Risk management as a trader is key. To this end, FXTM engages all of the tools provided by the trading platforms to assist you.
Through all of the trading platforms you will have access to the ability to set stop losses, take profits, and trailing stops to manage your open positions, as well as limit orders to control your new entry positions on orders.
The broker also facilitates margin calls to help you maintain and manage your equity.
Forbidden trading techniques
When it comes to trading techniques that are allowed, both scalping and hedging are permitted at FXTM.
Algorithm trading through the EAs feature of the MT4 and MT5 trading platforms is also permitted, as is the use of VPS. Actually, FXTM provides a free VPS service of its own if you meet certain trading requirements.
Platforms & Mobile
Moving on to the trading platforms you can expect to see, here is a lowdown on exactly what is available from FXTM in that respect.
Charting and Trading tools
The first thing to look at in this category is the range of charting tools that are made available at FXTM.
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.
This level of data is great for scalpers in particular, as is the ability to set accurate price alerts and order from charts in just one click.
MT4 already has one of the very best reputations in the industry. This comes as a top trading platform that has been around for many years offering the very best in trading experience and customizability beyond all others.
It is also an extremely robust platform which can run on almost any machine.Swap free trading with FXTM is made available through this trading platform.
MT4 is available with FXTM on both Windows and Mac systems and on mobile through iOS and Android.
MT5 is much like MT4 other than it is slightly more user-friendly and intuitive and caters for even more indicators, an economic calendar, and 6 more pending orders alongside a total market depth that covers 21 timeframes for trading.
It has taken the best trading platform around, and advanced it even further.
MT5 with FXTM is available only if you have an ECN account and it still may not be available in some countries. Again the platform functions through Windows, MAC, iOS, and Android where needed.
FXTM trader is a mobile trading platform offered by the broker on both Android and iOS devices which allows you not only to trade on the move but also manage your account, receive up to the minute notifications on the market, promotions, webinars, and more, and also to engage in the FXTM copy trading service FXTM Invest.
All of this while on the go through your mobile device and a very easy to use platform.
Special features you can find on FXTM
There are a few other key FXTM products that you may come across during your time with the broker.
FXTM Loyalty Program
FXTM has a 5-tier loyalty program in place for traders. The more you trade, the better the benefits.
These range from tier 1 which covers traders holding equity between $0 – $15,000 where you could possibly save up to $300, all the way up to tier 5 which covers those with more than $150,000 and can provide savings up to $10,000.
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.
FXTM Trading Signals
Trading signals are offered by FXTM twice a day. This is before both the EU and US market hours. The information you will receive can include a price target displaying both support and resistance levels as well as 4 identified take profit levels and a stop loss level.
Charts will also show you the most probable scenario alongside some alternatives.
FXTM Trading Contests
FXTM offers both demo and live account trading contests with something to offer traders at all levels from beginners to experienced. Here you will compete with other traders and you have the chance to win real prizes.
Social Trading – Copy Trading
As mentioned, FXTM provides its own copy trading service in FXTM Invest which you can start with as little as $100. The broker does not though provide for any real social trading features.