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There are 3 standard account types and 3 Electronic Communication Network (ECN) account types. MT4 is available on all accounts whilst you will need an ECN account if you wish to use MT5. Demo accounts are also available if you wish to trial FXTM before opening a real account and depositing funds. They give traders access to find new opportunities in the global commodities markets by trading CFDs online with low margin requirements. This is a flexible and convenient way to access the commodities markets rather than purchasing the product outright and to diversify your portfolio. Traders look to take advantage of the fluctuating prices of oil and other energy products.
- In addition to real-time order tracking and profit/loss calculations, traders can close orders, make adjustments, and trade using tick charts, all while on the go.
- Note, spreads are floating therefore may increase during times of high volatility.
- An established trading platform and broker, FXTM offers several advantages over competitors.
- Unfortunately, this means that if you’re looking to use cTrader, then you are unable to with this broker.
- Just direct access to deep pools of liquidity with absolutely minimal interference from FXTM.
Whether you trade spot metals, energy, or soft commodities, FXTM has a CFD market for you. Whether it’s the main part of your trading strategy or simply used for diversification, take advantage of the volatility in commodities markets with FXTM. Many traders use Cent Accounts alongside a Standard Account to test new EAs under live trading conditions. FXTM’s MT4 platform also allows traders to access the multi-terminal feature that is unavailable on MT5.
If you’re a new client to FXTM, it might be worth considering choosing the MetaTrader 5 (MT5) platform from the start. Whether you’re the type of trader that learns through visual or text-based mediums, FXTM has an option that caters to you. The first currency is called the base currency and the second currency is called the quote currency.
Which trading platform is best for cfd trading?
Whether you have a PC, Mac, mobile, tablet, then FXTM has an MT4 option for you. Trade on MetaTrader – one of the most popular trading platforms in the world. Trailing Stop is placed on an open position, at a specified distance from the current price of the financial instrument in question. FXTM is regulated by various global financial bodies across all countries of operation. Our experts are confident that the broker offers adequate protection regardless of your country of residency. It offers investing services across 180 countries, with a worldwide office presence spanning Asia, Europe, and Africa, with an impressive 4+ million registered clients.
FXTM customers can use their accounts to trade currencies, CFDs, shares, and commodities. In total, there are more than 250 different financial instruments to access through FXTM. Daily Market Analysis is FXTM’s very own news portal that offers detailed market analysis and insights to keep you in the loop with the latest market happenings. They analyse price movements based and technical and fundamental analysis across a range of global markets. The Market Analysis team are regularly quoted in major international publications, including BBC, CNN, CNBC, Bloomberg, The Wall Street Journal, Financial Times, Reuters and Forbes.
- Traditional call centers, especially the more cost effective ones, simply won’t be able to provide the depth of service required to properly assist a forex trader with their inquiries.
- FXTM is committed to educating traders, with a thorough and extensive educational centre that includes free eBooks and videos.
- Please do get in touch with us at any time if you need any assistance.
- Meanwhile, the Share accounts allow you to trade in European and US shares and have a reduced minimum spread value of 0.1, compared to 1.3 for Standard accounts and 1.5 for Cent accounts.
When trading with FXTM, you can deposit in USD, EUR and GBP, though global entities also accept PLN, CZK and NGN. The broker charges no deposit fees, but third-party charges may apply. Exchange rates may also apply if you are depositing in a currency other than your base currency. FXTM’s stocks list is average, with 300+ US and European stocks which are traded via CFDs. This means traders can speculate on the price movements of different stocks but cannot buy and own them through this broker. Our forex call center differs in a variety of ways from a traditional, outsourced call center.
Good regulated broker.
If you have more complex trading strategies, then you will probably want to steer more towards MT5. I have used MT4 for many years and never felt the need to switch. I love to experiment with the huge amount of free and paid add-ons available for it. The broker aims to empower traders to increase their trading knowledge so that they can get the best value from their investment. There are no commissions on any of the FXTM standard account types. Standard account types are best for new traders who may be trading on smaller accounts.
Compare FXTM with the top 3 similar brokers that accept traders from your location. The FXTM brand is authorized and regulated across several entities including; ForexTime Ltd, Exinity UK Limited and Exinity Limited. FXTM may offer a reduced leverage ratio based on individual experience, previous trading record, degree of customer loyalty and various other factors. Even if one were to fxtm broker employ an experienced sales team, it will take time for them to understand forex lingo before they can sell properly. For this reason, it makes sense to outsource forex sales to a firm with the necessary industry experience. Please note that the BTC withdrawal can be made only to the BTC wallet with which the funds initially were deposited, and only up to the amount deposited in BTC.
Top 3 Alternatives to FXTM
Thanks to FCA regulation, UK customer account deposits are insured up to £50,000 should FXTM become insolvent. Compliance means that FXTM must collect data from users but also keep it away from prying eyes, safeguard and segregate customer funds, and maintain a high standard of transparency. FXTM allows you to trade the most popular major, minor and exotic forex currency pairs, on MT4 and MT5.
FXTM MT4 and MT5 apps offer 30 indicators, interactive currency charts, and multiple timeframes for trading anywhere. In addition to real-time order tracking and profit/loss calculations, traders can close orders, make adjustments, and trade using tick charts, all while on the go. FXTM MT4 Broker is one of the most popular platforms in the world of the best forex trading broker, the MT4 broker platform. FXTM provides a fantastic MetaTrader 4 (MT4) download for desktop computers, Macs, mobile devices, and tablets. Due to the absence of interest on overnight positions when the swap-free mode is activated, this account complies with Sharia law.
Written by their in-house experts, they go into great detail and cover a wide range of topics suitable for both beginner and advanced traders. FXTM takes regulation and transparency very seriously with internationally-recognised licences held by the brand. Regulations are in place to ensure that the broker operates with the upmost fairness and integrity whilst they must comply to strict regulatory rules. Strict regulation in multiple jurisdictions can help to give clients peace of mind that they are using a trusted and transparent broker.
Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. In terms of online trading, dependability is a critical factor to consider. FXTM’s transparent, fair, and secure trading environment is ensured by regulatory oversight.
The broker has quite a strong customer base in the EU across Germany, Italy, Portugal, and France and an extensive overseas market extending to Australia. In the best online trading platform in a forex market, brokers compete by providing traders with better and highly-advanced technologies on their platforms. According to this ActivTrades review, the platform offers multilingual customer support that is available 24 hours, 5 days a week, from Monday to Friday. ActivTrades offers a free demo account for new traders so that they can familiarize themselves with the platform’s features and functionality. A new client on the ActivTrades website can test his trading skills with virtual money worth £10,000.
- The broker provides an intuitive and user-friendly webpage to its clients.
- To open a live Individual account, all users need to do is visit the official ActivTrades website, click the “Open Account“ button by navigating to the Account section on the platform’s homepage.
- The MetaTrader 4 platform update will be released on Friday, March 24, 2023.
- These materials are free and available to both demo and live account holders.
Its primary goals are to boost transparency and safeguard the interests of investors. Headquarters in LondonActivTrades serves its global clients with offices in Bahamas, United Kingdom, and Luxembourg. The broker is well-regulated by top-tier regulatory bodies, ensuring a secure trading environment. It is a reputable and regulated brokerage firm with years of experience in the industry. The company also adheres to Anti-Money Laundering (AML) regulations designed to prevent money laundering and terrorist financing.
ECS is not a Financial Services firm and does not operate as a financial services firm. In addition, please note that there’s a 0.3% currency conversion fee that is applied when deposits are made in different currencies than the account base currency. Please keep in mind that some intermediary banks might also charge the commission fee. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with ActivTrades please share your personal review of the broker and what you think are strong and weak points.
The Trustpilot Experience
We recommend traders use the live chat function to contact the broker. You can also reach the ActivTrades customer service team via email. We sent the team an email asking whether they allow scalping and hedging strategies and how long they would take to process our withdrawals.
- As well, you get to benefit from ongoing access to forex resources, educational materials, training, and courses.
- The ActivTrader, MT4 and MT5 platforms are all available for mobile trading.
- Furthermore, as already mentioned, ActivTrades is compliant to MiFID directives.
- Traders can also access third-party plugins that support automated trading, unlike with the proprietary ActivTrader platform.
MT4 users can download the software on any desktop device or trade stocks, foreign exchange, indices, and other financial assets through their web browsers. ActivTrades offers low trading and non-trading activtrades review fees that include an inactivity fee of $10 for every month of inactivity after a year of no trading. The fees at ActivTrades are as transparent as possible, which means there are no hidden fees.
One needs to share the unique link and with every link shared, the user gets a chance to earn up to $1000. Note that the referred friend needs to open an account at ActivTrades using the link and meet the platform’s minimum deposit requirement. They operate three branches outside the UK – in Milan, Sofia and the Bahamas. The Milan office was opened in 2011 to better support clients in this area.
I start trading recently with…
Undoubtedly, it’s one of the best investment platforms you can find. A trading platform is a medium offered by forex brokers to their clients or trading. It’s basically a computer or mobile platform as forex trading apps that lets you trade in the FX markets through an internet connection. When it comes to fees, the broker offers low trading fees, as spreads start from as little as 0.5 pips. Spreads can increase in low liquidity environments, however, fees are still very low.
Range of Trading Instruments
ActivTrades offers swap-free Islamic Accounts to Muslim clients only. Such accounts do not attract a swap fee for positions held overnight in line with Sharia Law. For our tests, we traded the most popular instrument in each market. We placed 3 trades for each instrument to arrive at an accurate estimate of the average spread. We tested the MT5 Individual Account, which charges a spread on all instruments. ActivTrades offers almost a thousand tradable instruments in the Forex, indices, stocks and commodities segments.
Example:\r\n\r\nA Pro client with EUR account and leverage 1:400 has Long position for 400 lots EURUSD.\r\n\r\n
We also recommend ActivTrades to all traders, from beginners to advanced traders. To trade Apple Inc CFDs, we had to request the broker to add stock instruments to our account, for which the broker charges a Market Data fee of 1 EUR/month. The broker also hosts educational webinars to discuss advanced trading topics, which are recorded and available on the website. The broker used to host in-person seminars before the coronavirus pandemic struck. Traders can execute most trading strategies as the broker allows high-risk strategies such as hedging and scalping. ActivTrades has a minimum deposit requirement of US$500 on its Islamic accounts.
Users can also head to the FAQ section for answers to common issues. The live chat function is particularly useful with efficient and informative agents to cover most queries. Education here is conducted through one-on-one training sessions that act as an excellent service for the new traders. There is also a video library covering MetaTrader platforms introductory topics as well as manuals covering all the MetaTrader platforms available at ActivTrades.
However, when purchasing trading robots, traders need to be cautious, as some algorithms do not work, and some are outdated. ActivTrades offers some of the most popular Forex and CFD trading platforms such as MetaTrader 4, MetaTrader 5, TradingView, and a custom built ActivTrader. As for the indices, traders are offered Cash indices and index futures.
ActivTrades provides market research via the Smart Tools suite found on the MetaTrader platforms, which provides high-quality trading insights from analysts, pattern recognition indicators and much more. We found the ActivTrader platform to be best suited to manual traders, while traders who use automated strategies might prefer the MetaTrader 4 & 5 platforms, which are a better fit. However, the platform does not support automated trading and is only available as a web trader. The broker’s collection of stock CFDs is quite impressive, placing it among the top brokers who offer a wide variety of tradable instruments. ActivTrades charges low, average and high fees for trading the main assets on offer.
ActivTrades fully complies with all regulations, including the European Securities and Markets Authority (ESMA) regulations, which govern leveraged trading in the European Union. The MetaTrader 4 platform update will be released on Friday, March 24, 2023. This version provides error fixes and platform stability improvements. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. The ActivTrader, MT4 and MT5 mobile apps can be downloaded from the respective app stores.