Trading at ForexTime is available on either MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. These platforms are available as Web based as well as download versions. As for traders wishing mobility, they can install mobile versions of MT4 and MT5 on their mobiles devices. The guys at FXTM have certainly worked hard to make life for their traders as easy as possible. As for professional traders who want the best possible spreads, they also have the choice of ECN MT4 or ECN MT5 platforms to work with.Account TypesApart from diversity in products, FXTM also provide their traders with choices of trading accounts. The trading accounts are categorized into Standard accounts and ECN accounts.Standard AccountsStandard accounts are divided into the following:
FXTM Fixed Spread
FXTM StandardECN Accounts
As for ECN accounts, they are categorized into:
FXTM ECN MT5
FXTM ECN ZERO
FXTM ECN ZERO Amanah (Islamic Trading Account)The good thing about FXTM is that they don’t impose a minimum deposit requirement. Traders can start trading with whatever amount they feel comfortable with. However, to qualify for rebates, you need to meet their minimum initial deposit requirements.Commission & Spreads
The spreads payable at ForexTime (FXTM) depends on the type of trading account that the trader is trading from. For FXTM Standard accounts, the spread starts from 0.1 pips. As for FXTM Fixed Spread and FXTM Cent trading accounts, the spreads are fixed from 2.1 pips. With ECN trading accounts, no spreads are payable but traders are imposed a commission for services rendered. The rate depends on the volume of trades transacted.
One of FXTM’s strong points is their exceptional customer service. Apart from having multi-lingual support staffs to assist traders with their problems, their personal accounts managers are also multi-lingual. Their services make one feel as if you are the only trader that they are attending to. Help is always available on hand through email, live chat, Skype or the telephone.
Based in Cyprus, ForexTime (FXTM) is a regulated broker under the Cyprus Securities Exchange Commission (CYSEC) with the license number: 185/12. As a regulated entity under CYSEC, this mean FXTM is MiFID compliant and is authorized to accept clients from all EEA countries. In addition, FXTM is also a registered entity with the British FCA. by adhering to proper regulatory requirements, FXTM is able to offer their traders the peace of mind when trading.
In summary, FXTM does seem to offer its traders one of the best trading environment that they can hope for. The support team are dedicated and are determined to render in any way possible to assist traders with any problems that they have. In addition, the management team should also be commended for their continued efforts to provide traders with new promotions and attractive prizes. Regardless whether one is a novice or experienced trader, FXTM makes everybody feel special.