FXTM Review Forex Broker & Trading Markets, Legit or a Scam

Security and Regulations

FXTM is a well-regulated and registered trading platform. The regulations on the platform offer reliability and trust for the clients. It is regulated by CySEC, FSCA, and FCA. These financial bodies ensure the protection of user data and funds.

The platform also offers traders segregated accounts, negative balance protection, and other safety features. These provide a protective wall for clients.

Withdrawals and Deposits

The broker offers traders simple and quick transactions. The broker offers multiple payment methods including cards, e-wallets, wire transfers, and local banking. The deposits take a few hours eliminating delays during trading.

However, the withdrawals might take two to three business days. The withdrawal also involves extra charges depending on the type of payment.

Fees and Commissions

At FXTM, you can get detailed information about the fees and commissions. The platform offers competitive commissions and fees including:

Spread

The platform provides zero spreads on FX pairs. This makes it easier for low-budget traders to invest and grow.

Swap Fees

The platform charges swap fees for overnight holdings. It has Swap long and Swap short for buy and sell positions. The interest rates are kept as low as possible.

Commissions

FXTM charges commissions on trades starting from 2 dollars per lot. However, the Advantage Plus accounts operate commission-free.

Customer Support

FXTM offers traders dedicated customer support for 24/5. The platform has multilingual support for trades. It provides support using different channels, including:

Live Chat

You can get instant support using live chat at the official website.

Phone Support

The platform provides local support with phone numbers. Traders can call +44 20 3734 1025, and connect with a team member.

Physical Offices

There are physical offices at a few locations. This makes it easier for local traders to connect with the support team one-on-one.

Raise Tickets

Users can raise tickets for their trading issues. They can fill out the form for better-detailed responses.

FAQs and Educational Services

Apart from the tickets. the platform also offers traders detailed FAQs and resources. These help find solutions to common problems and make informed decisions.

Is FXTM a Scam?

FXTM is a well-regulated trading platform. It operates under top-tier financial authorities. These authorities ensure that the platform maintains client security. The platform offers fair and clear processes ensuring its credibility. FXTM is committed to providing the best service to its clients. It also has features like stop loss, negative balance protection, and two-factor authorization.

However, the platform does lack detailed information about the transactions. overall, review, and make it strong that the platform is credible and safe for your trading practices.

Conclusion

FXTM is a reputable broker that offers a wide range of trading instruments, competitive fees, and robust customer support. Its regulatory status with CySEC, FSCA, and FSC makes it a trustworthy choice for beginner and experienced traders. With user-friendly platforms like MT4 and MT5, account types, and extensive educational resources, FXTM provides a comprehensive trading experience. While it does charge some fees, such as commissions on certain accounts and inactivity fees, these are standard in the industry and are generally outweighed by the benefits of trading with a well-regulated and reliable broker.