FXTM Review Online FX & CFD Trading With LimeFX

We learned that the broker also provides tight spreads from 0.1 pips, and low deposit requirements, besides education is one of the best provided. So overall, FXTM is very trustable and quiality choice for Forex traders of any size. In terms of the funding methods, FXTM made it quite a simple and straightforward process with a truly wide range of funding options that will assist you to find a suitable money transfer provider. The number of payment methods to fund the trading account will allow you to transfer funds quickly by the use of bank transfers, credit cards, and some electronic wallets. FXTM or Forex Time has been named as one of the world’s fastest-growing and best Forex and CFD brokers, with a large number of clients and quality offering overall. The broker establishes its core on reliable trading conditions and detailed education and brings trading across the world with its accessible trading globe, regardless of the trader’s knowledge.

We have over 20 years of experience when it comes to trading online so we know what to look for. FXTM offer bite-sized and accessible short educational trading videos to help you learn more about trading and the different concepts involved. I think those who are already well versed in trading probably won’t find anything new here. However, if you are new to trading then there is plenty to get your teeth stuck into. Deposits have no fees, while withdrawals come with various feels depending on the transaction form. However credit card charges are $3, and e-wallets are free of charge.

Withdrawal methods

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• FXTM web trading platform offers new traders an excellent user-friendly experience with enriching educational materials, including live webinars, videos, tutorials, live updates, and local forex trading seminars.
• The prices of energy and oil products keep fluctuating based on a number of factors, such as general confidence prevailing in the world economy and demand & supply for the products.
• It requires a minimum initial account deposit of £25,000 or equivalent.
• You probably also expect to be able to use that money whenever you need it.

As of time of publication, here are the current programs FXTM offers. Trading share CFDs gives you access to 20 major shares with spreads as tight as 0.1 pips and leverage varying based on experience when you open a Standard Shares account. Let me first state that the website of LimeFX provides very detailed information on all possible issues. The website is very well organized and available in numerous languages. The customer support can be reached around the clock via e-mail, phone, live chat and social media (WhatsApp, Telegram, Viber and Facebook). This broker offers a series of deposit and withdrawal options.

FXTM Account Types Comparison

It requires a minimum initial account deposit of £500 or equivalent. To see all available payment methods in your country, register or log in to MyFXTM. Deposits are processed instantly if there is no need for additional verification. FXTM is not liable for any transfer delays you may experience due https://limefx.biz/ to a disruption of service in the system of the payment processor. When an account has been deemed inactive (no trading activity) for a period of 6 months, we will apply an inactivity fee of 5 EUR/ USD/ GBP. This inactivity fee is applied every month, until the balance is completely depleted.

To supplement these performance statistics, LimeFX lets traders connect with a Strategy Manager to copy their trades via FXTM Invest. To assist with the decision, LimeFX displays the live rankings for top performers, with all the data verified by PwC. As mentioned, LimeFX supports mobile trading for convenience. This includes the MetaTrader 4 and MetaTrader 5 applications for both iOS and Android devices. One very useful part of the LimeFX website is a comparison between MetaTrader 4 and MetaTrader 5. That way, clients can choose which platform from MetaQuotes will work best with their FXTM trading experience.

FXTM Review Summary 2023

All the company’s traders will earn up to $25 bonus for referring their family and friends. Also, they can earn $10,000 by referring family members and friends and they can withdraw the amount anytime they want. Unfortunately, FXTM is not available to traders in the USA so these clients will need to find a different broker.

• If you are trading with FXTM using MetaTrader 4 or MetaTrader 5, you can also elect to use the MT4 or MT5 suite of apps for mobile trading needs.
• With the Forex News Timeline you can receive live market news straight into your trading platform or via the brokers website.
• There are over 60+ minor, major and exotic currency pairs, 180+ share CFDs and major Cryptocurrencies such as Bitcoin and Ethereum.
• From the fast client approval to the general trading process, comprehensive learnings, and available features, FXTM proves its high ranking among the traders’ community with more than 90% of positive feedback.
• The broker has indeed set up its offices in different parts of the world, which signifies their intent on increasing the exposure to attractive markets and for reaching traders at a personal level.

I find this reasonable and acceptable, and active traders will never face this cost. PricewaterhouseCoopers Limited (PwC) also audits select performance statistics, and FXTM remains one of the more transparent brokers. I applaud them for their focus on the trading environment, granting clients a distinct edge.

FXTM Spreads, Commission, & Investments

A client has complained FXTM closed his trade without informing him and without any valid reason. He has also complained about other unethical practices of this broker. Apart from the positive and high regard from the clients in terms of its good reputation, FXTM also supports a great range of languages, so you always may count on help whenever you needed it. The broker serves a global audience from over 150 countries, with a global network of offices, spanning Europe, Africa, and Asia.

The MetaTrader4 platform is the more popular among the two, but the MT5 interface offers more advanced features and trading flexibility over the MT4. Although the MT5 misses out on a few key features compared to the MT4 terminal, the MT5 has one of the best trading conditions for ECN accounts. The MetaTrader is indeed the most preferred trading platform for FX & CFD trading, and the platform offers access to all major assets through the MT4 version. The MT5 platform only offers access to Forex currency pairs and Spot Metals. FXTM offers traders the MT4/MT5 trading platforms and has developed its proprietary mobile app, FXTM Trader. It upgrades MT4 with six plugins plus its Pivot Points Strategy, featuring live updates and commentary from the FXTM Head of Education, and the mobile app is user-friendly and easy to use.

What can I do when I don’t get my bank wire deposits and withdrawals?

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FXTM also processes all withdrawals instantly, which ensures that traders can receive their funds without any major delays. Traders are also given various choices for payment methods, including Credit Cards (Visa, Mastercard, Maestro) and E-Wallet (Neteller, Skrill, Western Union). For withdrawing funds, traders are not charged a fee with a length of 2 hours to 2 days. Traders can live chat to ask further questions and contact the admin via email.