68 reviews of FXTM are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
I noticed nothing unusual about this broker, but got completely tired with their widening of spreads when you open trades. Spreads are far not the lowest, but acceptable. But it became trouble for me that spread got to increase most of my trades. I deliberately traded in periods of calm market without any volatility that would affect market, but spreads widenings and small slippages in several pips per trade were taking place. As I like intraday trading, such slippages really make sense for my trading. I am upset with this and I think they just steal some pips per trade.
Trade up to 6 months with FXTM. opened an ECN account . Recomended from my friend. He told me Trading condition in FXTM and I found its great for my EA.
Then i try to deposit with $700, Firstly I tried to trade with myself, but decided to try using EA — it was really good way for me as a newbie.
After trade manualy for 3 months i see the spread low and mt4 is fast.
then i try to open 2 accounts to insure my risks and profit.
for now my account with EA has grow 200% from my deposit. slow but sure.
fxtm really good broker to my suppose and my little practise here, I advise this broker to the newbies. sure ther're many insturments here, but I believe that they will add something else.
I have got an account with this broker for 8 months and I have never experienced requotes or slippages with it.
I don't get profit every month, but the last one was profitable, I earned $156.
I don't like to risk, but in general this half of a year was profitable.
And the most important is that I withdraw my money with no delays.
My main account, saying more precisely, two accounts are with this broker.
One id for intraday trading and another for trading around news.
My account in fxtm is ECN accounts, I have traded only in such a way and I don't interested in disscussing what is better.
A ECN account is better, the speed is everything. I withdraw my profit every month, from $100 to $500.
I don't withdraw less amount and use it for recapitalization. I can praise such a withdrawal.
I read fxtm broker has good of bonuses and contests, but I don't use them.
In general it's OK.
I tested them with 850USD on ECN Acount,
spread 1 pip on Currenex on EURUSD
Sure I was surpirsed about the spread is low and high speed order execution here when started to trade.
My account now has 380% grow up,
I think I'll never change this company.
Good job FXTM.
Just spoke to customer service representative and it looks like very responsive.
Online chart is the fastest way to reach someone from back office.
Right now, I'm setting up my trading account and it goes very smoothly.
An initial paper work was done a couple of days ago. I've sent all docs for confirmation my identity and it was already confirmed.
So I have no doubt to make deposit and start trading with them.
Everyone has an opinion what's the most important in forex trading.
Of course anyone would say that first of a broker should be trustworthy, and I agree here that's essecial.
However there are a couple more points which no one can ignore such as fast execution, no slippage at the time of trading, low spread and time efficient trading conditions.
All that things I found at FXTM. I've about 1,5 year experience of trading with them and never dissapointed.
The broker has many different ways for deposit and withdrawal and the list of payment systems is being extended all the time.
Nice and high quality services for profitable trading.
To begin with, when I trade, the most important thing for me is the trust between a broker and the customer.
Usually I open a cent account to test out a broker's services. From that perspective, FXTM is quite an interesting broker.
In January 2016, I opened cent account. First, I made a deposit of $100 (10000 US cents).
My cent account has floating spread and I have chosen 1:1000 leverage, which is essential for me,
since I prefer scalping, also execution time is quite satisfactory at about 0.5 seconds, and probably my powerful PC processor contributes to this speed as well.
Sometimes due to a high volatility on the market, execution time get requote, which is kind of predictable, but overall it is OK.
Generally speaking:The deposit is instant, and withdrawal to my Neteller took just about 2 or 3 hours on a business day and that is huge for me; nice and friendly customer support,
Here is my conclusion about the broker: it seems to me the broker is trustworthy and I would love to continue my trading here.
Hi here, wanna say some words about this company. fxtm is good company, my friend from China is trader too and he advised me this broker.
I have the trading account in another one broker, which has an european license.
I opened a real account in fxtm and started to trade here, you know I was really amazed that here are all the conditions to get normal trading process.
At least my account here now has profit 12,000 USD) The deposit was 3,000.
I have my own strategy and I am fully satisfied that I allowed to use it here.
The execution is on the higher point.
if you are a news trader, you need to adjust your stoploss with their widening spreads.
depositing money in any brokers are always smooth ,however fxtm withdrawing process is fast. A good forex broker with good attitude so far.
I opened a strategy account (PAMM) with ForexTime. I wanna give notice only about the BIG PROBLEM about GBP on 07/10/2016. My scalper expert advisor open trades (ea have stop-loss 28 pips (280pips 5 digit) and 99 pips ( 990 pips 5 digit). Watch the SCREENSHOT about stoploss and ORDER CLOSED, from 150 to 450 pips (5 digit: to 1500 pips to 4500 pips ) HIGH SLIPPAGE.
I can understand a normal slippage during bad moments or news...but 150 to 450 NO!! (1500 to 4500) Im very very ANGRY.
I wrote to the support, their reply?
FOREX TIME reply:
Further to your email below and the enquiry included therein as regards your order number #6642601, # 6642607, # 6642618, # 6642625 and # 6642631 of your trading account #9026956; our team has carefully investigated your query and concluded with the following:
Please be informed that GBP-based instruments have experienced drastic price movements.
Please note that the disputed positions were executed during abnormal market conditions, which were accompanied with the following:
Significant increase of spreads;
Order execution speed may take longer than usual.
Please also be informed that Forex market is decentralized and each broker may have its own pool of Liquidity Providers and the prices (and spreads) may be different between brokers.
Therefore, the FXTM Server price is considered to be actual price and the prices of other brokers cannot be taken into consideration in disputable situations.
In the event of any dispute, our Server Log File is deemed to provide the most reliable source of information and has absolute priority in any assessment of a particular trade.
We trust that the matter of your email below has been dealt with. If you require additional information please do not hesitate to contact your dedicated Account Service Manager or our Customer Support."""
When I start to trade on forex market,
I liked interesting promotions and contests.
All that is Ok, but now I know that other things are much more important.
For instance, order execution, not in half an hour, not in 5 minutes, but immediately.
I prefer scalping, and it’s important for me. And fxtm is Ok about it, because of ECN account.
It has the best order execution – 0.05 sec. with low commissions
I trade with this broker mostly. I use ECN account and I have got an adviser for this account.
This adviser has been working for 6 months,
I stoped it only once when I was in hospital and twice I made corrections.
Now I have profit 15-30% per month, drawdown was 3%.
I believe that is due to trading conditions which the broker provides.
Forex minute trader is the best EA that I have ever bought,
I think it is even better than MDP now. In one week I am up 32%,
I have installed on FXTM ECN account. My trade fills are good - no slippage and orders are fast.
fxtm are very good forex broker to use with forex minute trader EA.
Very good choice for forex minute trader EA.
FXTM ECN is working well with MDP at the moment.
My account is up 114% since 3 weeks ago.
Have zero stop loss limits helps my EA scalp for small pip movements.
I have done 42 trades so far.
So far very good
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