FXTM offers a plethora of trading platforms for traders to choose from. Users can choose between Metatrader 4 or Metatrader 5 from their desktop or small screens. Even though MT5 has a lot of new and handy features to offer, older counterparts are performing well too.
MT5 offers an increased number of order execution types, an edit option and an increased threshold for pending orders, noticeable improvements on graphical details along a community chat and economic calendar feature.
FXTM review has opportunities for the users to trade in, Forex, Contract for Differences for indices and commodities (DAX, FTSE, Nasdaq, etc), Spot Metals Gold (XAU), or Silver (XAG), Shares (Google, BP, Apple, etc.)
FXTM Spread-betting, Commission, Fees, and Leverage
This is a part no trader should overlook as this fine text could make a massive change in the earnings from trading. Commission percentages are comparatively low when it comes to Forex trading and all over the industry for CFD traders.
With accounts using ECN options, spread-betting rates could come way low to even zero percentage in points. If you are having a standard account the prices could come a bit higher but stay negligibly low. Spreads could get higher over a day considering changing market conditions.
This competitive nature when it comes to keeping the commission rates low makes FXTM an attractive choice.
Even though there are not many fees involved in FXTM Traders Union there are some fees that users should be aware of. If you keep your account inactive without any trade, for a particular period, there is an inactivity fee.
Leverage rates fluctuate based on the trade under consideration. The leverage for the majority of Forex pairs is set at 1:30. This is a regulation set by ESMA and is the same for almost every broker in the market. For minor pairs that are rarely used, it is set to 1:20. This includes AUDCAD, NZDUSD, etc.
Leverage is not automatic but is dependant on the customer experience and loyalty.
FXTM Demo Account
There is a high-grade Demo account functionality that allows users to try their hand in trading and get an idea about their capability in trading before bringing in their hard-earned money into the game.
Forex which is considered a risky form of trading is better to start after trying out your skill level. Standard, Cent, ECN, and ECN Zero accounts allow you to have such accounts.
FXTM deals and Promos
There are countless bonuses and promotions are provided which include a 30% bonus or FXTM Loyalty Program. The loyalty program is only provided by Forextime Limited and Forextime UK Limited to the executive Professional/ Professional clients.
The amount of educational materials provided by FXTM to make the traders equipped to win the market makes it one of the best in this sector. The quality and quantity are extremely competitive compared to the alternatives.
There are additional features included such as free trading tools and FXTM team expert commentaries, etc. The insights provided by FXTM are found to be valuable and are quoted by major mass media.