74 reviews of FXTM are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
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
I have to admit FXTM is the best forex firm.
they are really honest and transparent ,never cheat us，never play tricks，never delay withdrawal ，never lie ！
Traded NFP, the orders was perfectly executed although I entered a second after the release, managed to grab around 80 pips with 0.4 lot on EUR/USD and 0.5 lot on USD/JPY, TP was triggered correctly with 1 pip positive slippage which was also credited to my account. Excellent platform for news, hope next time it will be the same level.
Opened account, deposited $1200, everything is good, made two trades on EUR/USD and USD/JPY last week on Central Banks meeting, order execution was fine, no slippage, good spreads. Made 300$ profit.
Withdrawal were processed in 3 hours.
FXTM Great broker!!
Opened an ECN account with fxtm and deposit small amount to test their executions.
my plan : do news trade with this broker,because they claimed as an ECN Broker.
To be honest, my news trade was executed perfectly. their spreads when news were litlle bit high , around 1.2-2 pips when news, but no problem,. as long as my trade executed fairly.
made some profits and some losses, got 40% profits, and decide to withdraw my profits, and recieved it fast in my skrill account.
Good broker with good services. they are fair and not mess with your account with you made some profits
7 months ago I started to trade with fxtm and I spent about 3 weeks only on their demo account.
That was quite helpful, because I have got how do they work.
now i have ECN account and
For now I have about 15% growth monthly and didnt blow up any month yet.
Thanks to their execution and quick withdrawal I found the broker I can trust.
It may sound unreal, but such brokers truly exist.
My first withdrawal was big enough so I wanted to test them how quickly they will do it.
And suddenly they withdraw immediately.
I have very less issue with FXTM ,Once my stop loss was hit 10 pips more,
so i informed it to customer support live chat and he directed me to contact technical staff so I did and after few days they have returned it to my account!!
I like Fxtm!! its easy not complicated, no investigation to withdraw money!! Support staff very efficient.
Great Broker. Have used them now for over 2 years. No problems withdrawing or depositing.
Both which I have done many times. (thats my main concern when choosing a broker)
Im only using the standard account but suits me fine. I would highly recommend.
Customer service representatives are friendly and professional.
my experience: I had some problem with my mt4 (it was my mistake) so I talked with live chat adam.
After a while I asked her to call me home, and 5 sec later my phone did ring. he was very helpful and professional and she fixed my error.
Great broker for scalping, fill orders with pretty tight spreads on majors, I try to avoid Asian sessions, so don't know how good are spreads in this times.
Had only 3-4 requotes in 200+ orders, what's very impressive for retail brokerage.
Support is fast and qualified though I had only a couple of things to ask them about.
Overall I'm pleased to trade with FXTM
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