About the Company
FXTM Review
FXTM or Forex Time, founded in 2012, is still considered a newcomer to the online Forex trading scene. However, within a span of two short years, this broker has managed to carve out a name for itself by wining several industry awards such as “Best Newcomer 2013” and “Fastest Growing Forex Broker.” FXTM is headquartered in Cyprus and is regulated by IFSC of Belize as well as FSB.
Accounts
There are three main Forex trading accounts to choose from at FXTM. There is no minimum or maximum deposit on any of them and no commission is charged. The Standard and Fixed Spread accounts can be used for USD/EUR with a floating leverage of 1:1000 and 1:500 respectively. The Cent account trades USCent / EUCent and offers a fixed leverage starting at 1:1000 and 1:25 for Spot Metals. In addition to these accounts, FXTM offers three ECN accounts: an ECN, an ECN Zero account and an XTM ECN MT5 each one with different spreads or commissions.
The Amanah Account is a swap-free option and is available for those who are Shariah-compliant. When doing this review I was pleased to see that a demo account is provided for beginner traders who want to practice their trading before putting any of their own money at risk.
FXTM has just added a new account to its lineup. As of April, 2016, it is offering an account that specializes in trading CFDs in shares. With the new FXTM Shares Account, traders can select more than 180 US shares with 1:33 leverage on the famous MT4 platform which ensures instant execution. Major corporations such as Apple, Facebook, Alibaba, Twitter and Microsoft are included in the lineup.
