FXTM Forex Broker is a Forex broker/CFD dealer based out of Cyprus. Licensed by the Cyprus Securities and Exchange Commission (or CySec), the site has built up a solid reputation in the Forex trading community since being established in 2012.
Account Tiers
Like many Forex brokers, FXTM Forex Broker offers several account tiers for traders. FXTM Forex Broker offers their clients 3 tiers of service: Standard Account, Cent Account, and Shares Account. Each account tier differs when it comes to margin calls, pip spreads, and maximum leverage, but on each tier trades are executed instantly. All account tiers are available in both live and demo mode.
Cent Account
The Cent Account has the lowest minimum deposit ($5, either in USD, Euros, or GBP). Maximum leverage rates are between 10:1 and 25:1 (depending on the type of currency traded). Pip spreads are 1.5, and there are 25 different currency pairs available to trade.
Standard Account
The minimum deposit for the Standard Account is $100 (USD, Euro, or GBP). There are 57 currency pairs available to trade. Pip spreads are just 1.3 pips, and maximum margin is 25:1.
Shares Account
Shares Accounts have the same minimum deposit requirements as Standard Accounts ($100), but you are given a wider trading selection. Not only are you able to trade currency pairs and spot metals, you are able to trade CFDs on more 180 publicly traded companies, including Apple, Facebook, and Twitter. Pip spreads are as low as 0.1 pips.
Bonus Offers
FXTM Forex Broker offers some of the best bonus offers in the business. Right now you can get a bonus on your account of 20% (bonus amount is capped at $150). FXTM will also give you a $4 rebate for every lot you trade if you are join the site from another Forex broker.
Trader Tutorials
FXTM Forex Broker offers an extensive education center, where you can learn how to master the game of Forex via a series of webinars (available free of charge). Whether you are a novice or an experienced Forex trader, you stand to improve your Forex skills with this feature.
Making Deposits or Withdrawals
FXTM Forex Broker offers traders many options to deposit or withdrawal funds. These options include credit/debit, wire transfer, Skrill, and Neteller.
Customer Service
FXTM Forex Broker offers several options for customer support. Traders can contact customer service either via Skype, IM, or telephone.
FXTM Forex Broker
Bottom Line
FXTM Forex Broker is one of the best Forex sites around. Offering traders the most options, the best bonuses, and a fast trading platform, FXTM Forex Broker is the place to trade Forex!