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FXTM, operated by Exinity Limited, is fully licensed and regulated to offer real money trading to clients in multiple jurisdictions. It holds regulation with the Financial Services Commission of Mauritius (license number C113012295), and is registered with the Financial Conduct Authority (FCA) in the UK for certain entities, among other regulatory bodies like the Financial Markets Authority and the Securities and Commodities Authority of the UAE
List of tradable instruments at FXTM
FXTM offers a diverse portfolio of financial instruments for traders. This includes:
- Forex: A comprehensive selection of over 60 currency pairs, encompassing FX majors, minors, and exotics.
- Metals: Traders can access various spot metals.
- Commodities: A range of commodity CFDs is available.
- Indices: FXTM provides Contracts for Difference (CFDs) on various global indices.
- Shares: Clients can trade CFDs on stocks (cash equities and stock CFDs).
- Cryptocurrencies: The platform also lists cryptocurrencies among its available markets.
While the spreadsheet does not specify detailed trading hours, minimum contract sizes for individual assets, or specific transaction/storage fees beyond a general minimum lot size of 0.01, it confirms a broad market offering designed to cater to various trading strategies.
Trading platforms at FXTM
FXTM now offers cryptocurrency trading options on its platforms. In addition to this, ForexTime (FXTM) provides world-class trading platforms in MetaTrader 4 and MetaTrader 5. These platforms allow traders to access a wide range of assets, direct to Desktop, Android, iPhone, iPad, Windows Mobile, or Blackberry devices.
Utilizing robust technology, the fully functional MetaTrader platforms support multilingual and multicurrency options, providing access to a diverse range of instruments. MetaTrader 4 and 5 are available for various devices, ensuring convenient trading whether you prefer a desktop or mobile experience.
MetaTrader 5 (MT5) is fully available for trading on a wide range of devices, including Desktop, Android, iPhone, iPad, Windows Mobile, and Blackberry.
ForexTime offers several distinct account types to its traders, allowing them to choose the option best suited for their trading needs. These include the Advantage Account and the Advantage Plus Account. The minimum deposit required to open an account is $200.
Deposit and Withdrawal Options
FXTM provides a comprehensive range of payment solutions for both deposits and withdrawals, ensuring flexibility for its clients. Traders can fund their accounts and withdraw profits using debit and credit cards, e-Wallets, bank wire transfers, cryptocurrency, and various local payment solutions.
Accepted account currencies include USD, EUR, GBP, and NGN. While the spreadsheet confirms the available payment categories, specific processing times or individual fees for each method beyond general banking practices are not detailed in the provided data.
Bottom Line
Overall, FXTM (ForexTime), operated by Exinity Limited, stands as a reputable and well-regulated brokerage. It offers a comprehensive range of financial instruments to traders across numerous jurisdictions, backed by licenses from authorities such as the Financial Services Commission of Mauritius, the Financial Sector Conduct Authority of South Africa, and the Financial Conduct Authority in the UK for relevant entities.
Notably, FXTM provides a wide array of trading options, including forex, commodities, metals, indices, CFDs, stock CFDs, cash equities, and cryptocurrencies. This broad offering, combined with access to MetaTrader 4 and MetaTrader 5 across various devices, positions FXTM as a strong choice for diverse trading needs.
Pros
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Fully licensed and regulated by the FSC, FCA, CMA, and SCA
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Hundreds of Forex, shares, commodities and indices to trade
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MetaTrader 4, MetaTrader 5, and mobile trading options
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Demo account trading available
Cons
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Currently no cryptocurrency trading options available
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Regional restrictions include British Columbia, Saskatchewan, Québec, Japan in the US
