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Contents

FXTM Review

Leverage: 1:30 | 1:200

Regulation: CySEC,FCA, FSCA

Min. Deposit: US$200

HQ: Cyprus

Platforms: MT4, MT5

Found in: 2020

FXTM Licenses

  • ForexTime Limited – authorized by CySEC (Cyprus) registration no. 185/12
  • ForexTime Limited – authorized FSCA (South Africa) registration no. 46614
  • ForexTime UK Limited – authorized by FCA (UK) registration no. 600475
  • Exinity Limited – authorized by FSC (Mauritius) registration no. C113012295
  • Our Review
  • FXTM User Reviews
  • FXTM News

What is FXTM?

The FXTM or Forex Time company launched in 2020 with its headquarters in Cyprus (Limassol) also authorized by Financial Conduct Authority and other regulators, been named as one of the world’s fastest growing and best forex brokers. As in a relatively short time the firm showed great and rapid growth within Europe and beyond through its focus on Africa and Asia regions.

The broker establishes its core on reliable trading conditions and detailed education and brings trading across the world with its accessible trading around the globe, regardless of the trader’s knowledge. However, the chain of FXTM offices also established around Europe, located in the UK and maintaining entity in South Africa.

Pros Cons
• Founded in Cyprus and known worldwide as one of the best Forex Brokers

• Regulated by the Cyprus and several Forex authorities

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• Numerous industry awards

• Low Deposit Requirement

• Tight Spreads

• Withdrawal fee

• High Stocks trading Spread

10 Points Summary

1. FXTM is an international brokerage firm established with headquarter in Cyprus and numerous entities around the world. And high focus on Africa, South Africa and Asia regions

2. Trustable company due to its regulations set by world leading regulators FCA, FSCA etc

3. MT4 and MT5 Platforms offered as a trading software available in desktop, Web and mobile versions

4. The broker offers a wide range of Forex and CFD product including Cryptocurrency

5. Some of the best organization in terms of Forex Education with Webinars, Seminars and Advanced Learning Centers available to all

6. Demo Account available with no restriction, also further FXTM offers a great range of account types suitable for various types of investors

7. Trading costs for CFD Stocks are low, yet Forex fees for Standard proposal are average

8. Various base currencies offered and supported at account preference

9. Min deposit starts from 10$ for cent account with no fees. Withdrawals are also free, however, some methods may charge fees

10. Great range of payment methods accepted for money transfers including Bitcoin, e-wallets and Credit Cards

Awards

From the fast client approval to the general trading process, comprehensive learnings and available features, FXTM proves its high ranking among the traders’ community with more than 90% of positive feedbacks.

The numbers are actually confirmed by the large community of traders with about 750,000+ active accounts that growing, numerous attractive opportunities and gained vast awards for excellence in trading.

FXTM also proudly takes an active social role while supporting and sponsoring various world Sports alike Sahara Force India Formula 1 team and regularly reveals in the media.

Is FXTM safe or a scam?

ForexTime Ltd, ForexTime UK Ltd and Exinity Limited are three entities under the FXTM brand that provides trading services to more than 10,000 clients from over 135 countries around the world. And important to note comply with the necessary regulatory guidelines in every region FXTM operates, which gains a high score from us in terms of its trust.

This question is indeed the most crucial one, as investor accounts lose money and if you trade with the unregulated entity the High risk to lose funds is dramatically high.

Pros Cons
• Regulated by several authorities Cyprus CySEC, Financial Conduct Authority FCA and South Africa

• Negative balance protection

• Not listed on Stock Exchange

Is FXTM a legit company?

Yes, FXTM is a legit broker, as each of the entities and brands that it serves is authorized and regulated by various global jurisdictions.

The main entity ForexTime Ltd is regulated by CySEC of Cyprus, authorized by FSCA of South Africa, and additional offshore authority FSC in Mauritius. Also, the FXTM UK brand is licensed by the Financial Conduct Authority known sharp regulator, which has principals built by European MiFID and ICF allowing cross broker activity.

FXTM legal entity Investor Protection FXTM License Number
ForexTime UK Limited Regulated by FCA (UK) registration no. 600475
ForexTime Limited Authorized FSCA (South Africa) registration no. 46614
Authorized by Authorized by Cyprus Securities and Exchange Commission registration no. 185/12
Exinity Limited Authorized by FSC (Mauritius) registration no. C113012295

How are you protected?

Since FXTM license means its compliance with all the strict regulatory requirements, trader’s investment considered to be safe, as the broker completely segregates funds from the operational funds of the FXTM while kept in leading and reputable EU banks.

In addition, FXTM is a member of the Investor Compensation Fund that compensates in case of the company insolvency, as well as protected by the negative balance protection and other requirements that are audited on a regular basis by the authority.

Leverage

When you trading with FXTM you are able to operate with fixed or floating leverage. The leverage indeed a very useful tool, especially for the traders of smaller size, as it may increase your potential gains timely due to its possibility to multiple initial account balance in a particular number of times.

What is the risk level?

Yet, remember that correct leverage should be set to various instruments, as it may increase your risk level and potential loses as well. Therefore, FXTM leverage is determined by various measures and firstly set according to the regulatory requirement in the region or another. And then is also based on the trader experience and knowledge, so always check with customer support team first which one is applicable for you.

So if you would like to operate under higher leverage ratios like 1:400, 1:500 or even 1:1000 you may open an FXTM account under a particular entity that allows such high leverage levels, which is offered by the global brand.

Otherwise, if you are a resident of Europe or UK, as well holding an account under European entity which obliges to ESMA regulation, the maximum current leverage ratio is set to a

  • 1:30 on Forex instruments
  • 1:20 Spot Metals, 1:10 XAG USD
  • 1:20 Minor Currency Pairs
  • 1:5 Shares

Accounts

Despite the majority, the FXTM trading accounts are truly ensuring each client convenience by separate accounts for Forex trading and Invest Accounts. Then there is a further split to your preference of the trading transactions, instrument and the trading size, which all in all offers you 6 Account types.

Making the story short, it means that if you prefer to use ECN execution you have a choice between various FXTM ECN accounts, or an option to be based on Standard Accounts with no commission and all costs built into the spread.

However, always make sure to verify under which entity you will trade as FXTM offering may be slightly different for Forextime Limited, ForexTime UK or Exinity Limited. In this FXTM review we will cover Forextime offering in detail so you would understand conditions better.

Pros Cons
• Fast Account Opening, fully Digital

• 6 Account types with ECN and Standard execution

• Great options for a particular trading style

• Low Minimum deposit

• Free deposit

None

What are the account types?

So now let’s get a closer look at FXTM Standard Accounts which are divided into three options – Standard, Cent Account and Shares Account.

FXTM Standard Account – is a most balanced feature for all with floating spread from 1.3 pips, while FXTM Cent Account is a good choice for beginners with a small deposit to start – 5$, spreads from 1.5 pips and instant execution model or Cent lots.

FXTM Shares Account is specifically designed for traders who prefer trading on stocks over 120 US shared, allowed hedging and as spreads as low as 0.1 pips.

ECN Accounts

The second group of accounts are known as FXTM ECN Accounts that are also split into three features integrated to specific needs.

FXTM ECN Zero Account– is a non-commissionable account with a quite low deposit of 200$ for a start, spreads starting from 1.5 pips with no re-quotes execution and allowed hedging, scalping features.

FXTM ECN – account enclose commission of 2$ per lot, but including unlimited orders and you can enjoy low spreads from 0.1 pips. And the last is FXTM Pro Account – designed for professionals with a deposit of 25,000$, but offering floating leverage, interbank spreads starting at 0 and a great variety of assets.

So as you see there are plenty of flexible choices between the best working model for you, which might be confusing at some moment but generally very well organized with or opinion.

How do I open an FXTM account?

FXTM accepts clients from almost every world country, however there are might be some restrictions due to regulations alike implemented for residents of Japan, USA, etc.

So step by step process of opening requires you to follow the FXTM sign-in link where you will be guided through a quite simple process of opening step by step.

Opening an account step by step

1. Access FXTM Sign In page

2. Enter your personal data First and Last Name, Country of residence, email, phone, etc.

3. Answer online questioner about your trading knowledge and expectations

4. Select the account type

5. Verify your account by upload of your identity confirmation. These may include residential proof, copy of your ID, bank statement etc.

6. Once an account is activated and proved you may follow with the money deposit

Getting to another important question about Fes, which are mainly built into a spread are also defined by the account type you use. In addition, you should always consider other fees like non-trading fees, withdrawal fees which we will see in detail further.

Generally, FXTM offering built through tight floating spreads while Standard MT4 spreads start from 1.6 Pips and from 0.1 pips for ECN accounts available on both platforms MT4 or MT5, but will add on a commission charge per order.

Pros Cons
• Flexible fee conditions defined by the account type

• Availability to trade with interbank variable spread plus commission

• Cent Account trading

• Low Stock and Index fees

• Standard spread is high compared to other brokers

Our find on Forex Fees

Forex fees offered by FXTM based on spread only with no commission in case you use Account based on Standard. This type of fees brings you the simplicity of the calculation and is the best suitable option for many traders despite the strategy.

  • FXTM three Accounts based on Standard offering various fee conditions, so the standard spread starting from 1.3 pips for EUR USD, or EUR GBP
  • Cent account will feature slightly higher spread from 1.5 pips due to its option to trade with very small amounts calculated in cents
  • Shares Account offers fixed leverage 1:5 for US Shares and great spread from 0.1

Shares Fees

If you wish to trade Shares, the spreads leverage will be the only charge, which is a quite competitive and very pleasant offering compared to the industry. Below you may see some comparison between other trading CFDs brokers, yet remember this is the standard proposal that seems to be average and high at FXTM. But, as we see FXTM proposal is very flexible so with account types and depending on the instrument you trade FXTM may bring you almost the best proposal in terms of its fees.

Comparison between FXTM fees and similar brokers

Asset/ Pair FXTM Fees AvaTrade Fees XM Fees
EUR USD 1.5 pips 1.3 pips 1.6 pips
Crude Oil WTI 9 pips 3 pips 5 pips
Gold 9 40 35
BTC USD 20 0.75% 60
Inactivity fee Yes Yes Yes
Deposit fee No No No
Fee ranking Average Low High

What is FXTM commission?

So while you trade with Standard proposal there is no commission charges, as all costs built into a spread. Yet, if you select FXTM ECN account you will trade with interbank lower spread and commission charges applicable. A commission that you will be charged in case you use ECN MT4 account, is defined by the trading volume you operate see snapshot below.

  • New traders or the ones who would like to try the platform can learn to Trade via Demo account, featuring $1,000,000 available to trade, detailed step-by-step tutorials and online webinars, individual support by the account manager in 16 languages.

Moreover, there is an additional feature for FXTM Invest Account, a quite simple profile that including copy trading tool supported by the Top Strategy Managers and suitable for the traders of almost all degrees.

For accurate and updated information please check the official FXTM website, as well as you may compare fees to FXTM peer XM Trading.

An overview of the Non Trading Fees

These fees should be considered also, as FXTM will charge you 5$ per month in case you didn’t show any trading activity for a period of six months or more, this is known as FXTM Inactivity fee.

Despite this, there is no deposit fees or some of the withdrawals are free as well, which we will see in our FXTM review further, so all in all FXTM fee structure is quite transparent and well built.

Deposits and Withdrawals

In terms of the funding methods, FXTM made it quite simple and straight forward process with a truly wide range of funding options that will assist you to find a suitable money transfer provider.

Pros Cons
• Minimum deposit – 10$

• Wide range of deposit option including Credit Card, Bitcoin

• Some withdrawal methods support 0$ fee policy

• Majority of withdrawal methods still add on commission

Deposit options

In order to fund an account or to send money to it you may choose among the following methods, which may also vary according to your country of origin. Also, FXTM is really quick with your deposit processing, as it mentions within 2 hours money will be available at your account so you may start trading instantly.

  • Credit cards
  • Bank wire transfers also with the possibility to perform a local bank transfer. Alike you can choose transfer via Deutsche Handelsbank (accepting deposits in EUR) and Rietumu Banka (using GBP, PLN, USD, EUR, RUR)
  • E-wallets (Neteller, Skrill, Alfa-Click, WebMoney, Western Union, Dotpay, Yandex money, Qiwi wallet, Bitcoin via Skrill, and counting)

What is the minimum deposit on FXTM?

The minimum deposit requirement for you to start trading at FXTM is set to as low as the $/€/£ 100 available for Account Standard and only 10$ for a Cent Account. Also, all deposit fees are covered by the company which is great for your smart money management.

How do I withdraw money from FXTM?

Once you decide to withdraw money from you account you obviously should submit an online request and follow with the required procedure. To make it short you simply should follow the following steps

  1. Login to your account in MyFXTM and go to Withdraw page through My Money
  2. Select the withdrawal method, required amount and click ‘Withdraw’
  3. Complete the withdrawal request along with PIN that will be sent to your email or phone via SMS
  4. Confirm withdrawal and Submit

How long does it take to withdraw from FXTM?

From the moment you submit and confirm the request to withdraw money from your account the accounting department of FXTM typically processed and confirm withdrawal within 2 business days.

Yet, you should always consult with customer service and confirm data, as various jurisdictions may apply slightly different rules. Also, give it some days for the payment provider to process the transaction that also depending on particular international or provider rules.

Withdrawal fee

FXTM withdrawal fee applied to some of the payment methods, while others may be provided with 0% commission.

Since the variety of payment methods truly widely presented, the withdrawal fee varies from one option to another. As an example, Credit Cards withdrawal features 3$ fee, while Bank Transfer will cost 30$, and WebMoney will charge 2% above the requested amount. However, these withdrawal fees still considered to be on a low level comparing to other industry offerings.

Bonus

Another great possibility offered by FXTM is an option to get Bonus through frequent promotions and cashback programs broker offers.

Does FXTM have Bonus?

Yes FXTM offers Bonus programs. However, the Bonus program is strictly available only for the international brand of FXTM and those clients that are trading or holding an account with Exinity Limited, registered under the laws of Mauritius.

How do I claim my FXTM bonus?

So if you open an account with the international entity of FXTM you may claim your bonus according to the recent promotions FXTM runs.

At the time of the FXTM Review writing, you may claim Welcome Bonus and earn 30$ tradeable credit, while you should register for an account then select the 300$ bonus promotion, deposit funds and start trading. Also note, every bonus program applies specified terms and conditions on how it should be used or accessed.

Market Instruments

Generally speaking, FXTM offers good range selection of markets and account features among the industry brokerage offering.

The trading markets include 250+ financial instruments, Forex products with over 50 currency pairs including attractive FXTM CFDs on Cryptocurrencies such as Bitcoin, ETH, Litecoin, Ripple. Also, you may select spot metal CFDs, share CFDs on over 170 major companies, CFDs on Commodities and CFDs on Indices.

FXTM Markets compared to similar Brokers

It is also good to compare FXTM to other industry offerings, so in the table below you may see available assets and instruments.

FXTM XM AvaTrade
Forex 57 57 55
Indices 11 18 18
Commodities 6 15 17
Cryptocurrency 4 5 6
Shares 174 1294 63

FXTM Trading Platforms

FXTM trading technology and toolbar use the industry’s leading software third party providers, which doesn’t require a presentation, as these platforms are MT4 and MT5. However, a progressive technology of the MetaTrader was combined with FXTM’s unparalleled trading services that allowing smooth operation and enhancing your trading capabilities all in all making trading powerful processes.

Web Trading Platform

Since the FXTM platform is MT4 or MT5 software both offers various versions available either as WebTrading platforms or the one that can be installed directly at any device. Web trading software is a great option if you are a beginner or regular size trader, as platform accessible right from the browser, does not require any installation, easy save and navigated.

Look and feel

Desktop Trading Platform

If you require more tools along with powerful customization you better choose Desktop version. MetaTrader supporting all kinds of devices including PC, MAC as well as accessible Multi Terminal that is useful for money managers. Hence you will always have access to your account at personal convenience.

All necessary and useful tools are also included into the package, from risk management to analysis, as well as a unique developed trading tool like – Pivot points strategy and trading signals. Along with converters, calculators that designed to make trading to the trader of any level more professional.

•Customer-friendly design

•The comprehensive range of tools

•Automated trading capabilities

•Clear look and fee report

•Industry leading software that does not require familiarization

•Tons of education material and automated strategies available

• No proprietary platform

Mobile Trading Platform

Of course, FXTM offers applications for mobile or tablet devices, so you will always have access to your account at personal convenience. Design is clear and customizable which is always good, yet app packed with tools and alerts so you always remain updated.

•Good design

•Full control over your trading account

•Good charting •Two step verification not offered

Placing orders

Social Trading

In addition to its powerful feature and clear possibility to monitor markets the FXTM platform also enables automated trading which is the execution of orders automatically according to the implemented strategy.

Or you may use the powerful capability of Social Trading alike becoming an investor, this option allowing you to follow ranked strategy managers which you can choose through numerous criteria or filters to follow. In reverse, professionals may become managers and gain extra income by being copied.

Customer Support

Another good point in its client-oriented philosophy of FXTM operation is a competent customer service that is available through various sources including Online Live Chat, Phone, emails, Messenger applications etc. Apart from the positive and high regard from the clients in terms of its good reputation, FXTM also supports a great range of languages, so you always may count on help whenever you needed it.

There are established centers in Asia region including Indonesia, Malaysia, Thailand, China, as well as Africa region, Europe and more, so it is true to state FXTM covers the global needs of traders.

•Customer oriented handling

•Support of international Phone lines and range of languages

•Fast and appropriate answers • No 24/7 customer service

Education & Research

Overall, the main approach of the FXTM we can characterize as a client oriented broker, mindless the trader’s trading capital, experience or style FXTM have a solution to meet a particular need and provide outstanding service in almost every way.

In terms of education, FXTM hosting regular educational events in various cities around the world while satisfying the demand to start the trading journey and supporting with learning material everyone who would like to engage into trading. There are webinars, seminars, platform tutorials, trading tools, research tools, superb glossary, Forex news, Economic Calendar, Market outlooks and Analyst analysis all remaining at your disposal.

Eventually, FXTM education is one of the best we see in the industry, so this point is definitely well organized and highly recommended for your attention.

•Customer oriented education policy

•Great learning material and research tools

•Well organized Forex News, Market Outlook

•Numerous Trading ideas

•Social Trading benefits

•Demo Contests, Live Forex Contests None

What is more, Forex Contest is established by FXTM competition held regularly and is one of the ways to test strategy, polish skills and grow confidence. A truly challenging experience available in both Demo and Live accounts hence is an ideal for both experienced and “fresh” traders, which is definitely another Pro point for FXTM. For recently available contests check the official FXTM website.

Conclusion

As we can conclude throughout our FXTM Review, while the majority of the brokers concentrating mainly on developed and well-known markets, FXTM placed their focus on other countries like Africa and Asia and gain a great winning there.

These opportunity brings the advantage of trading Forex further and allows well-regulated trading offering worldwide, so now FXTM became one of the best Forex providers in South Africa.

Besides, the main tool and a very powerful one in the FXTM business strategy is – education, which attracts new traders and giving a great opportunity for both parties good. And that is apart its largely established social responsibility and other activities they regularly held.

Though, FXTM gives a quality trading potential for both beginners and experienced traders or investors. Moreover, there are other advantages with ForexTime too, the accounts variety is very impressive that allows any trader best suitable option either with flexible or floating leverage, – leverage which determined based on the trader experience and knowledge, tight spreads from 0.1 pips and low deposit requirements.

Nevertheless, for better understanding, we will be glad to know your own thoughts about FXTM which you may share in the comment area below, as well as see other traders’ opinions.

No review found.

The founder of Alpari and FXTM companies and one of the main figures in the FX industry, Andrey Dashin, has revealed the changes that will refer to the both brands. He announced that the CEO of the FXTM, Olga Rybalkina, will become a minority shareholder of both Alpari and FXTM companies. Ms. Rybalkina has an.

A few days ago an international online forex broker FXTM (ForexTime) has announced the appointment of Marcelo Spina as Global Head of Partnerships. FXTM is an international online forex broker offering financial services in forex, CFDs on spot metals and CFDs on Commodity Futures, Indices and Shares. ForexTime Ltd provides its services to more than.

Forex broker FXTM has recently announced that it got a license from the Financial Services Commission (FSC) in Mauritius. The FXTM brand is also regulated through the FCA, CySEC and the FSCA which are amongst the most stringently regulated financial authorities. FXTM holds the continual offering of excellent trading conditions at the heart of its.

Leading Forex broker FXTM has just announced that it has appointed Tan Chung Han (Han Tan) as a new Market Analyst of the FXTM Market Research team, with a focus on Southeast Asia (SEA). As a new member of the FXTM Market Research team, Han will act as the voice and face for the FXTM.

It is a fact, Forex industry grows daily by bringing tempting opportunities and uniting millions of traders from every corner of the world and making things possible not only for “Trading Sharks” as before but even for a very beginning investors with zero experience. Rising demand for Forex, trading and investments itself, however, attracts numerous.

How to Spot a Forex Scam

The spot forex market trades over $5 trillion a day, including currency options and futures contracts. With this enormous amount of money floating around in an unregulated spot market that trades instantly, over the counter, with no accountability, forex scams offer unscrupulous operators the lure of earning fortunes in limited amounts of time. While many once-popular scams have ceased—thanks to serious enforcement actions by the Commodity Futures Trading Commission (CFTC) and the 1982 formation of the self-regulatory National Futures Association (NFA)—some old scams linger, and new ones keep popping up.

Back in the Day: The Point-Spread Scam

An old point-spread forex scam was based on computer manipulation of bid-ask spreads. The point spread between the bid and ask basically reflects the commission of a back-and-forth transaction processed through a broker. These spreads typically differ between currency pairs. The scam occurs when those point spreads differ widely among brokers.

Key Takeaways

  • Many scams in the forex market are no longer as pervasive due to tighter regulations, but some problems still exist.
  • One shady practice is when forex brokers offer wide bid-ask spreads on certain currency pairs, making it more difficult to earn profits on trades.
  • Be careful of any offshore, unregulated broker.
  • Individuals and companies that market systems—like signal sellers or robot trading—sometimes sell products that are not tested and do not yield profitable results.
  • If the forex broker is commingling funds or limiting customer withdrawals, it could be an indicator that something fishy is going on.

For instance, some brokers do not offer the normal two-point to three-point spread in the EUR/USD but spreads of seven pips or more. (A pip is the smallest price move that a given exchange rate makes based on market convention. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point.) Factor in four or more additional pips on every trade, and any potential gains resulting from a good trade can be eaten away by commissions, depending on how the forex broker structures their fees for trading.

This scam has quieted down over the last 10 years, but be careful of any offshore retail brokers that are not regulated by the CFTC, NFA, or their nation of origin. These tendencies still exist, and it’s quite easy for firms to pack up and disappear with the money when confronted with actions. Many saw a jail cell for these computer manipulations. But the majority of violators have historically been United States-based companies, not the offshore ones.

The Signal-Seller Scam

A popular modern-day scam is the signal seller. Signal sellers are retail firms, pooled asset managers, managed account companies, or individual traders that offer a system—for a daily, weekly, or monthly fee—that claims to identify favorable times to buy or sell a currency pair based on professional recommendations that will make anyone wealthy. They tout their long experience and trading abilities, plus testimonials from people who vouch for how great a trader and friend the person is, and the vast wealth that this person has earned for them. All the unsuspecting trader has to do is hand over X amount of dollars for the privilege of trade recommendations.

Many of signal-seller scammers simply collect money from a certain number of traders and disappear. Some will recommend a good trade now and then, to allow the signal money to perpetuate. This new scam is slowly becoming a wider problem. Although there are signal sellers who are honest and perform trade functions as intended, it pays to be skeptical.

“Robot” Scamming in Today’s Market

A persistent scam, old and new, presents itself in some types of forex-developed trading systems. These scammers tout their system’s ability to generate automatic trades that, even while you sleep, earn vast wealth. Today, the new terminology is “robot” because the process is fully automated with computers. Either way, many of these systems have never been submitted for formal review or tested by an independent source.

Examination of a forex robot must include the testing of a trading system’s parameters and optimization codes. If the parameters and optimization codes are invalid, the system will generate random buy and sell signals. This will cause unsuspecting traders to do nothing more than gamble. Although tested systems exist on the market, potential forex traders should do some research before putting money into one of these approaches.

Other Factors to Consider

Traditionally, many trading systems have been quite costly, up to $5,000 or more. This can be viewed as a scam in itself. No trader should pay more than a few hundred dollars for a proper system today. Be especially careful of system sellers who offer programs at exorbitant prices justified by a guarantee of phenomenal results. Instead, look for legitimate sellers whose systems have been properly tested to potentially earn income.

Another persistent problem is the commingling of funds. Without a record of segregated accounts, individuals cannot track the exact performance of their investments. This makes it easier for retail firms to use an investor’s money to pay exorbitant salaries; buy houses, cars, and planes or just disappear with the funds. Section 4D of the Commodity Futures Modernization Act of 2000 addressed the issue of fund segregation; what occurs in other nations is a separate issue.

An important factor to always consider when choosing a broker or a trading system is to be skeptical of promises or promotional material that guarantees a high level of performance.

Other scams and warning signs exist when brokers won’t allow the withdrawal of monies from investor accounts, or when problems exist within the trading platform. For example, can you enter or exit a trade during volatile market action after an economic announcement? If you can’t withdraw money, warning signs should flash. If the trading platform doesn’t operate to your liquidity expectations, warning signs should flash again.

The Bottom Line

Conduct due diligence on the forex broker you’re considering by going to the Background Affiliation Status Information Center (BASIC), created by the NFA. Many changes have driven out the crooks and the old scams and legitimized the system for the many good firms. However, always be wary of new forex scams; the temptation and allure of huge profits will always bring new and more sophisticated scammers to this market.

Honest XTB Forex Broker Review

Table of Contents

Review: Regulation: Assets: Min. Deposit:
(4.8 / 5) More than 10 3000+ Markets 0$

The choice of a trusted Forex Broker is very difficult nowadays. XTB is currently one of the best-known internationally. Are you looking for experience with the Forex Broker XTB? – Then you are exactly right on this page. With more than 7 years of experience in the financial markets, we tested the broker for real money. You will get an overview and an introduction to trading with X-Trade Brokers. Is it really safe to invest your money there? – Inform yourself in detail.

The official homepage of XTB

What is XTB? – The broker presented

The company was founded in 2002 in Poland and is still a good address for online trading. The company quickly grew in demand and offices were opened throughout Europe. Currently, the broker is represented in over 12 countries. Maybe a branch is also located in your country. XTB is a public company, which is traded on the Polish stock exchange. In 2020, the company dared to take that step and posted a 4% gain on the first day.

With this Forex Broker, you can trade over 3,000 different assets and 6 asset classes on a universal trading platform. In addition, XTB connects its customers with very good customer support through support, webinars and training long term. Extensive training also helps beginners to find their way around the markets.

Personal care and a high deposit guarantee are the broker’s heart. Overall, the company has won many awards, which makes an additional good impression on me. From my experience, the company is one of the top providers.

Facts about the company:

  • European Broker which accepts international clients
  • The company is traded official on the stock exchange
  • There are a lot of XTB branches worldwide
  • Huge variety of markets to trade

XTB regulation and safety of customer funds

The regulation of an official financial regulator is essential for serious online trading. The broker thus gains trust between him and the customer. Among other things, European brokers must have official regulations to offer certain financial products. If such a license is missing, one can start from possible fraud. Before investing, the provider should be checked for regulation.

For your own safety it is recommended to trade only with regulated companies and brokers.

XTB has several international regulated regimes as the company has a large number of branches in different countries. Important and well-known regulations of the broker are for example the FCA (UK), IFSC (Belize), BaFin (Germany) and the KNF (PL). Thus, the company radiates a very high level of security.

Global regulated Forex Broker based in Europe

Certain criteria and requirements must be met for such a license to be awarded. A breach or fraud would mean the immediate loss of this license. Another point for a good provider is the security of customer funds. XTB keeps client money separate from corporate funds in Europe. Speculation with client funds is completely excluded here. There is also a deposit guarantee of up to 20,000€. In summary, XTB makes a very serious and trusting impression on us. Fraud on the customer can be excluded.

Facts about the regulation and safety of customer funds:

  • International branches with regulation
  • Separated customer fund from the broker’s money
  • Regulated payment methods
  • High deposit guarantee

Review the conditions for traders

Before opening an account with an online broker you should be clear about which trading instruments you would like to trade and which offer or terms the broker will give me. From our experience, XTB is a truly broad-based provider of many financial products and asset classes. More than 3,000 markets are currently available and the company is steadily expanding its offering.

Huge range of markets (variety sometimes depends on your country)

Trade Forex, Equities, Commodities (CFDs), ETFs, and Cryptocurrencies (CFDs) from a trading platform. As a beginner, you can quickly find your way around the platform, because the menu navigation is very clearly arranged.

You can trade a huge range of markets:

  • Forex
  • Index and Stocks
  • Commodities
  • ETFs (Exchange Traded Funds)
  • Cryptocurrencies

Add to that a maximum leverage of 1:400, which can be used to make faster and more profit. Furthermore, the trading fees are very low compared to other providers and very competitive (more on this website later). Also, beginners can start trading with a very small amount of money. In summary, the conditions make a very good impression on me. XTB clearly stands out from other suppliers because of its experience and expertise. Further down on this website we will go into more detail on the individual topics.

Facts of the conditions:

  • Maximum leverage 1:400
  • No minimum deposit
  • Low spreads and the best execution

Which Trading Platform is available with XTB?

The trading platform is the most important tool for every trader. It is all the more important that it works correctly and is reliable. Of course, XTB’s trading platform was scrutinized in this review. The world-famous Metatrader 4 and its own developed xStation 5 are offered as software for the trade. From our experience, xStation 5 has a few more advantages in contrast to Metatrader 4, which is why we would like to elaborate on this platform in the following lines.

Professional xStation 5 Platform

The platforms are available for any device:

  • Web Trader
  • Desktop
  • Mobile Trade
  • Smartwatch
  • Table

The platform makes a very professional impression on us. It is very easy to use for beginners. A clean structure helps the trader not to get confused. Prices and charts are clearly visible. There are many options here. In addition, the trading platform displays possible fees openly and transparently.

Compared to other platforms, the xStation 5 is really worth mentioning because not every Forex Broker offers a good and reliable trading platform. Through various tests and ideas from traders, it has turned out that the xStation is very powerful and you have real-time access to the markets.

Professional Charting für beginners and advanced traders

Technical analysis is a tool for long-term market success for most traders. That’s why it’s important to check if an offered trading platform provides the right tools. The first impression of xStation 5 is sensational because the charts are personally customizable.

Use several chart representations:

  • Candlestick Chart
  • Line Chart
  • Heikin-Ashi Chart

For personal analysis, drawing tools and indicators are provided. More than 6 different drawing tools can be actively used on every chart. So the analysis should not be a problem for a trader. For example, use horizontal, vertical or trend lines. Even the familiar Fibonacci levels can be inserted with just a few clicks.

The drawing tools are also independently adjustable in the presentation. Also, indicators make up a significant proportion of the tool in xStation 5. More than 20 different indicators can be inserted in a few clicks.

  • More than 20 different indicators
  • Technical drawing tools
  • Customizable and user-friendly tools

XTB Analysis, News, and Stock Screener

In addition, xStation 5 delivers current market news and a professional stock screener. Get the latest business news and results displayed directly on the trading platform. Market news is provided by XTB every day on current events and can generate additional trading ideas. In any case, the market news should always be checked before a trader in order to increase the probability of winning.

Stock screener and more helpfull tools

Stock traders beware. XTB offers a professional stock screener in its trading platform. This allows you to select the best values ​​for investment. More than 20 different filter settings are possible with the stock screener. This makes it easier for you to find profitable companies from more than 3000 markets. To the large offer, there is also help under the point “training”. Video tutorials are provided to show trading on the platform.

Get more success through:

  • Market News
  • Market Analysis
  • Stock Screener to find the best companies
  • Educations center

How to trade with XTB? – Step by step guide

XTB’s trading platform comes with all the tools you need for a professional trading experience, but how does the Forex Broker Order actually work? We would like to talk about this in this section. Below this text, you will see the live order mask of XTB. There you can see different settings.

In general, the Forex Broker offers you the opportunity to invest in rising or falling markets. Short sales (short) are easily possible by the forex market or if you own the stock and want to hedge. Minimum amounts of a few dollars can already be invested. The biggest advantage of the platform is that all sizes and transaction properties are displayed transparently. So it is easy with a bit of practice to plan an exact risk and start the investment.

  1. First, select the appropriate contract size for your investment. This starts at 0.01. You will see the current value next to it and the margin (security deposit) will also be displayed directly to you. For leveraged products, the margin is much smaller than the contract value (maximum leverage 1:400) So you can move 1$ into your account with a maximum of 400$ on the market.
  2. Another great feature of the order mask is the display of fees. All costs such as spread, commission and daily swaps will be displayed before the position is opened. So you can include the fees in your risk.
  3. Stop-Loss and Take-Profit are price levels in the market that automatically close your position. So the risk is limited and the profit secured.

The execution at XTB is very fast, as the broker sits directly near international trading centers (for example) Frankfurt. In addition, the Forex Broker brings thanks to the current low-interest-rate environment in Europe another advantage of no swap fees in some commodities or indexes.

How to open your account and get started

Open your free account in less than 60 seconds

Free and unlimited XTB Demo Account

The demo account is the best way for beginners to practice trading.

XTB offers a free demo account for 30 days. However, this only applies to new customers without registration of a live account. If you open a live account, you can benefit from unlimited demo accounts. In the dashboard, you can open as many demo accounts as you want. The demo account is filled with 10,000$ and can be recharged at will.

Start Trading with real money

If you have enough experience in the demo account, you can open a real money account and start real investments. For the real money account, the broker needs some documents. Before the first deposit, the account must be fully verified. This is prescribed by the strict regulations.

Verify yourself with a passport and proof of your home address. For this, the documents can be uploaded or photographed via webcam. XTB uses an external service that checks the identities of the traders. Alternatively, the classic route can be chosen by going to a post office. Once the documents have been submitted, the Forex Broker will unlock your account and you can start depositing.

Account opening process:

  • Full verification is required before the first deposit
  • Upload the ID and proof of residence
  • Use upload, webcam or post
  • 0$ minimum deposit

Choose the best XTB Account Type for you

The broker offers 2 different account types. There is a Standard- and a Pro-Account. XTB has created a possibility for small and high-paying traders. The only difference between the types of accounts is that you pay less in the Pro Account, but you need to trade in higher positions starting at 0.10 Lot.

Which account is the best for you?

This can not be answered on a flat-rate basis since one’s own risk and trading strategy play a role. In the standard account, you can start from just 0.01 Lot. This is the smallest position size and the risk is in most cases only a few cents. It also plays a role, which Stop-Loss and Take-Profit range you use. In the Pro-Account, you have to trade at least 0.10 Lot and can only increase this amount in 0.10 Lot. For smaller deposits of 200$, for example, the Pro-Account is in my opinion unsuitable.

You have to give yourself an overview. The lower table will give you the conditions of the account types:

Standard Account Pro Account
Assets: More than 3000 markets More than 3000 markets
Leverage: Maximal 1:400 Maximal 1:400
Spreads: 0.7 Pips 0.1 Pips
Forex Commission: 0$ 3.5$ per 1 traded lot
Min. Positionsize: 0.01 Lots 0.1 Lots
Stocks Commission: 0,10% (min. 3.99%) 0,10% (min. 3.99%)

Review of the deposit and withdrawal of money

In this section, we tested the deposit and withdrawal of XTB. For traders, it is important to be able to carry out quick transactions of funds. Deposits should work without errors and in a few minutes. The payouts should be granted without any problems.

Overall, XTB is very well positioned for client cash transactions. There are several methods available, including PayPal. This is a very big plus for the broker because this method is often in demand by traders, but not every broker can offer it. There are no fees for the deposit. At the payout but you have to look more closely. For payments below 200 €, there is a charge of 10 €. Above that, all payouts are free.

Sometimes the payment methods depending on your country

The broker gains further confidence with me through the fast processing of the transactions. Within a maximum of 3 days, payment will be processed. In most cases, it takes less than a day and the payment is sent. In summary, there is a very good and recommended payment system at XTB.

Payment methods:

  • PayPal
  • Bankwire
  • Credit Cards
  • Electronic Payment Systems
  • Payment within maximum 3 days

Is there negative balance protection on XTB?

The additional funding requirement is feared by every trader. In the past, there were such extreme events in the market that drove some account balance the negative balance. Forex Brokers worked too badly or slowly. Thanks to tightened regulation, there is currently no additional funding requirement, not even with XTB.

The fees for trading on the platform

From our experience, the costs and fees are very low. For example, some brokers charge a direct fee of over 50 € for 90 days of inactivity. With XTB one pays, for example, a maximum of an inactivity fee of 10 € after 365 days.

The fees for an order in the market are also very low compared to other providers. For example, trade the Dax at 0.7 points spread. For most traders, it pays 100% to switch to XTB.

Fees of XTB:

  • 10$ inactivity fee after 365 days
  • Markets spread for opening and closing positions
  • Commission for CFDs
  • Commissions for Stocks
  • 10$ fee by withdrawals below 200$

Another important advantage of XTB is swap-fees (financing fees). Currently, you are not paying any financing fees on stock indices overnight and on some commodities. Currently, it is the only broker to offer this advantage. If interest rates remain low, you will continue to pay no swaps.

Which type of support and service do they offer?

The last point in this review is the test of support. How good is the service for traders? – Since XTB has international branches worldwide, support is one of the best for each client. Professionally trained staff support you 24/5 during the week. The Forex Broker even suggests that traders can make a visit in the branches. In addition, the company is represented at many trade fairs, for example at the World of Trading in Frankfurt (Germany).

Compared to other companies XTB offers the best service for its traders.

Support is available by phone, chat, email 24/5. From my experiences and tests, you always get a very competent answer. In addition, after the opening of the account, a personal contact person will be in charge, who will introduce you to the world of XTB. The service at this broker is really great in comparison.

Professional XTB education and analysis

Market analyzes are issued daily at XTB and sometimes even sent by email. You can read the market analyzes directly on the homepage or in the xStation 5. Interesting trading ideas can be generated in this way or you are informed about important market events. The analyzes of XTB are professionally processed and quite suitable for their own application for trades.

Professional education center for beginners and advanced traders

Another service is the learning materials and training center of the Forex Broker. Videos, e-books or webinars for customers are provided. Especially beginners will help enormously with this knowledge, but even experienced traders can benefit. In summary, XTB offers one of the best services for customers.

Unlike other providers, XTB committed to providing its clients with sustainable and good knowledge. The more successful a trader is, the more the broker earns from the increased trading volume. It’s a winner for both sides.

The best support and service:

  • 1 to 1 support for each client
  • Education, coaching sessions, market analysis, and webinars for free
  • 24/5 support per phone, email or chat
  • Professionally educated service employees

Conclusion of my Review – XTB one of the best Forex Brokers?

Without question, XTB is one of the top Forex Brokers for me. A change of your actual broker will be worthwhile for you because the fees and costs are very low compared to other providers. For example, a special bonus is the abolition of the abolished financing fees overnight.

The variety of over 3000 assets and various financial products is huge for the clients and you will surely find your suitable market. The Forex Broker is trying to expand the offer and adds new markets. Recently, you can trade more than 15 different cryptocurrencies.

It is a regulated and licensed broker from Europe with a high deposit guarantee. In addition, the share of the company is listed on the Poland stock exchange. All this makes a very serious impression on us. A fraud could not be detected here.

Furthermore, every customer gets a good service via support. For every trader, there are webinars and even 1 to 1 training. Expand your knowledge as a beginner and advanced. Try the provider in the free demo account now.

The advantages of XTB:

  • Full regulated and safety Forex Broker
  • More than 3000 different markets
  • Very good trading conditions
  • One of the best platforms (xStation 5)
  • No hidden fees
  • No minimum deposit
  • Professional support and customer service

In conclusion, the Forex Broker XTB offers its traders a huge range of markets and a good service. (4.8 / 5)

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