Trading Instruments Trade Global Markets FXTM Global

FXTM also does not offer a welcome bonus, deposit bonus, or the advantage of a no-deposit bonus when traders register a real account for the first time. Currency values can be affected by a number of factors that impact the strength of a nation’s economy, including inflation, interest rates and political stability to name a few. Typically, forex traders see the greatest volatility before and after key economic or political events as they speculate how this could affect the markets. This financial market is now more accessible than ever, as technology allows traders to buy and sell stocks anytime, anywhere. We aim higher than just resetting the standards within the forex industry – we also deliver the highest levels of transparency to all our clients. The statistics below show exactly why we’re so proud of our trading conditions, which include some of the best spreads in the business.

Compare our trading account types

  1. For the EUR/USD pair, FXCM has a spread of 1.3, while FXTM has a slightly higher spread of 1.5.
  2. Spreads offered by both brokers on all financial instruments are floating.
  3. They are highly regulated globally by top-tier Financial regulators in UK, Cyprus.
  4. The ECN accounts feature much lower bid-ask spreads and include a small trading commission.

On the downside, we should point out that FXTM charges a small withdrawal fee. At FXTM, spreads start from 0.1 pips on major currency pairs, and a commission of $4.00 per round turn will be charged for every 1 Standard Lot traded. Yet, terms for MT4 ECN account commissions tend to be flexible and will depend on traders’ equity and trading volume (lower commission for higher equity and larger trading volume).

Available on both MT4 and MT5 platforms

In addition, FxPro offers a selection of video tutorials covering topics such as Trade Habits, Market Players, FxPro Online Security, How to Fund a Trading Account etc. Meanwhile, FXTM offers short Forex trading videos structured in categories such as Forex Basics, Trading Basics, and Technical Analysis, among others. Bear in mind that UK traders will not be able to trade cryptocurrencies from 6th Dec, as per the FCA crypto CFD ban. At the same time, FXTM allows the use of extra trading indicators such as Pip Value Calculator, Pivots SR Levels, Day Bar Info and access to the FXTM Trading Signals tool. In his role, David works with a team of writers to develop content for the site, this includes planning future content and editing and proofing existing works.

FXTM: Superior Accounts And Features

If you’re new to forex, we recommend downloading our free beginners forex trading guide which provides expert tips and insights on the market and ways to trade. If you are currently holding a position and the spread widens dramatically, you may be stopped out of your position or receive a margin call. The only way to protect yourself during times of widening spreads is to limit the amount of leverage used in your account.

While both brokers cater to the Australian market, XM has a more established presence and offers a broader range of services tailored to the needs of Aussies. Moreover, XM, unlike FXTM, was founded overseas but has made significant inroads in the Australian market. For a deeper dive into the best brokers for Australians, you can check out this detailed review of top Australian forex brokers. FXTM’s ECN Account allows customers to trade tight spreads similar to institutional-grade pricing.

The direct comparison between the two brokers shows that FxPro tops FXTM in terms of the best online trading platforms offered. FxPro’s leading charting package delivers the functionality that most forex traders are looking for. Click the button below if you want to test the MetaTrader package or the cTrader platform along with FxPro Edge.

While the forex market is open 24 hours a day, 5 days a week, this doesn’t apply to all financial markets. The average improvement value in pips (price or percentage in point) when your orders are executed at better prices than the best quoted market price. This number only takes into account only orders closed by Take Profit. A higher than normal spread fxtm forex broker review generally indicates one of two things, high volatility in the market or low liquidity due to out-of-hours trading. Before news events, or during big shock (Brexit, US Elections), spreads can widen greatly. Additionally, it’s well known that liquidity can dry up and spreads can widen in the lead up to major news events and in between trading sessions.

An additional spread comparison on the standard account will also be reviewed. FXTM is better for beginner traders due to its intuitive platform and comprehensive educational resources. Although a wide range of funding methods are offered by XM, availability varies depending on your location. The majority of payment options are fee-free, yet if you transfer less than $200 by bank transfer, you will incur a $20 fee. From our analysis, it’s evident that both brokers are committed to educating their traders. However, one broker slightly edges out the other in terms of depth and breadth of resources.

The bottom line is that FXCM and FXTM bear several similarities, more or less being regulated in the same jurisdiction and offering fund protection along with NBP policy. In the end, the decision to open an account with FXCM or FXTM comes down to your personal preference and trading needs. As far as negative balance protection (NBP) policies are concerned, FXCM states that it “will waive the first US $50,000 of a client’s total negative balance …..

If a client is holding buy positions his/her account will be credited with the fixed dividend amount. If a client is holding sell positions, then the dividend amount will be debited from his/her account. Find out what CFDs are, how they work, and why they’re such popular trading instruments. FXTM use a local payment gateway which you can use to deposit funds in ZAR (R20 minimum). You can request withdrawal via bank, but it can take upto 3 days for the withdraw to be processed. Overall, we recommend you to choose FXTM’s MT5 ECN account as the spread is the lowest with this account & the deposit requirements of $500 are also not very high.

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