What is FXTM

FXTM is a global forex and CFD broker that offers trading in a variety of financial instruments including currencies, stocks, cryptocurrencies, indices, and commodities. Here is a detailed analysis of FXTM: 1. **Regulation and Safety**: FXTM is regulated by several financial authorities, including the UK's FCA, CySEC of Cyprus, and the Mauritian FSC. This ensures that the broker operates within legal and ethical boundaries and that client funds are protected. 2. **Trading Fees**: FXTM charges low trading fees for both forex and CFDs. The forex commission is based on the account balance and monthly trading volume, and the spread costs are additional. The broker also charges a withdrawal fee and an inactivity fee. 3. **Trading Platforms**: FXTM offers access to the popular MetaTrader 4 (MT4) platform, which is widely used by retail clients worldwide. The platform is available as a web-based version, a desktop download, and a mobile app, providing flexibility for traders. 4. **Account Types**: FXTM offers several account types tailored to different trading needs, including a standard account, a zero account, and a VIP account. Each account type has different features, fees, and minimum deposit requirements. 5. **Copy Trading Program**: FXTM offers a copy-trading program called FXTM Invest, which allows clients to follow the trades of experienced Strategy Managers. This program is suitable for beginners and experienced traders looking to earn more on their successful trades. 6. **Minimum Deposit**: The minimum deposit required to open an account with FXTM varies depending on the account type, ranging from $50 to $200. 7. **Leverage**: Leverage rates with FXTM vary by entity and instrument. The maximum leverage available is 1:2000, which is higher than most competitors. However, leverage is not automatically agreed, and FXTM may offer a reduced leverage ratio based on individual factors. In conclusion, FXTM is a regulated and reputable broker that offers a wide range of trading options and platforms. Its low fees and flexible account types make it appealing to both novice and experienced traders. However, the broker's fees and charges, including withdrawal fees and inactivity fees, should be considered before opening an account.