FXTM
| Title | Title |
|---|---|
| Year founded | 2011 |
| Location | Cyprus |
| Regulation | FCA (UK), CySEC (Cyprus), and FSC (Mauritius) |
| US Available | No |
| Trading instruments | Currencies, Precious Metals, Crypto, Stocks C.F.D.s, C.F.D. Indices and Commodities Spot |
| Trading platforms | MetaTrader4®, MetaTrader5®, and FXTM Trader |
| Minimum deposit | $10 |
| Deposit methods | Wire Transfer, Credit Cards, E-Wallets, and Local Transfer |
| Base currencies | 4 |
| Inactivity fee | Yes |
| Withdrawal fee amount | 30 Euros for bank transfer |
| Max. Leverage | Up to 1:30 |
| Min. Spread | 0.1 pips (ECN) and 0.5 pips standard |
| Currency pairs | 21 |
| Demo account | Yes |
| Social / Copy trading | Yes |
| Automated trading | Yes |
Founded in 2011, FXTM is one of the leading brokers in currency trading. It is regulated by the Cyprus Securities and Exchange Commission, the UK’s Financial Conduct Authority, and the Financial Services Commission (FSC). You can trade precious metals, stock CFDs, commodities, CFD indices, cryptos, and FX via standard, cent, and ECN accounts. The company offers tight spreads, 1:2000 leverage, and swap-free packages. Their website’s education section is comprehensive to ensure that beginners can learn meaningful market analogies. Daily market analysis and multiple blogs are also at hand, alongside webinars from top market participants.
The broker offers multiple deposit and withdrawal options consisting of Fasa pay, web money, perfect money, Visa/Mastercard, Skrill, Neteller, and bank transfer (only available for Euro accounts). FXTM offers customer support via live chat, which you can access through social media apps.
Pros
- A huge number of instruments are available
- Excellent customer support 24/7
- Regulated by verified regulatory authorities
- Competitive spreads
- Many withdrawal and deposit options
Cons
- Withdrawal fees
- 2000 leverage is risky
About Forex Copier
Forex Copier software can be used to diversify your brokers. The auto trade copier has two different versions to meet all your copy trading needs:
- Forex Copier 3 copies all your trades on the same PC/VPS
- Forex Copier Remote 2 that copies all your executions remote from one PC/VPS to another
The following features can be very useful:
- Adjusting Symbol Name feature (in case you use terminals from different brokers)
- Automatic stop loss adjustments
- Price adjustments
- Lot/risk management
- Emergency stop
- Order filtering
