This is important since not all asset classes can be traded through every account type. In case you want to open an account on the FXTM website, you can choose between seven account types. For account holders who maintain balances of £250,000 or equivalent or greater, you become eligible to receive institution-level spreads.

The top contestants will receive cash prizes from the overall cash prize fund. There are a couple of contests available that you can enter on the website under the Promotions section. And they will make you deposit in cryptocurrencies so that you can’t reverse any of your transactions. The only thing you can do if you get scammed by Global Mining FXTM and company is to go to the police and file an official complaint. As you can see in our picture, users, their faces and stories are always the same, but the name of the company changes every time. In fact, Global Mining FXTM is an anonymous scam that is not registered nor licensed in any country.

Overview Of Trading Platforms

FXTM will send a confirmation PIN to the entered mobile number to complete the process. We were able to complete this within 24 hours which was speedy and satisfactory. Please note that equity alfa-forex review markets open and close each trading and are not operational continuously. If you’d allow us to, we would like to look into your inquiry and give you a full explanation of what happened.

• It is worth noting that when you invest in CFDs on FXTM, you do not own the stocks, the commodities, or cryptocurrencies.
• Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
• If you want to learn how it works start by going through this in-depth guide on forex trading.
• The minimum trade size starts from 0.01 lots for Micro, Advantage and Advantage Plus accounts.

It is a sketchy operation with the sole aim of scamming people out of their money. While the legit FXTM broker is regulated, Global Mining FXTM has nothing in common with the legit broker and is not regulated. By far the biggest problem of Global Mining FXTM is that it is an illegal clone of a legit broker.

Author Of This Review

We kindly ask you to send your FXTM ID and the withdrawal request to We will be glad to investigate your case and provide you with a detailed explanation on the situation. We would like to bring your attention to the fact that every deposit method has specific a specific period for processing. Please send your MyFXTM account number to We will check this information and provide a prompt response. Please read FXTM Reviews below and share live trading experiences with this broker. But if you are eligible, favor an easy-to-navigate interface that integrates with industry-standard software and want to trade with a heavily regulated online broker, you could do much worse than FXTM.

FXTM is a legit company, operating with four regulatory licenses and acquiring a fifth. FXTM caters to most international traders, including the UK, India, Malaysia, and the Philippines. It does not accept traders resident in Canada or the US. A $5 monthly inactivity fee applies after six months of dormancy. I find this reasonable and acceptable, and active traders will never face this cost.

Users are then redirected to the My FXTM client portal area to finish off the application process and provide proof of identity and address documents. The broker does not accept clients from the USA, Canada or Japan, among others. FXTM’s three non-ECN accounts are the Standard, Cent, and Shares accounts. Cent accounts work in a balance of cents rather than dollars and have a tiny minimum deposit amount of $10.

Trading Platforms

The ForexTime FXTM platform remains one of the best forex trading apps available today. Users who are able to meet the deposit minimums required to open an ECN account will receive highly competitive rates and avoid any limits on order volume. Besides the wealth of informative educational materials on the FXTM site, this platform has a solid customer support service. You can get assistance from agents 24 hours a day over the phone, via live chat, or through third-party platforms like WhatsApp and Telegram. The customer support department offers assistance in a wide variety of different languages and access platforms include LiveChat, Messenger, WhatsApp, Viber, Facebook, Callback and Telegram.

When the Westerners go to sleep, it is time for the Easterners to get up and place some trades. The global economy also dances to a dynamic rhythm with the never-ending price movements and currency ups and downs. This Forex Time review focuses on this specific stocks under $1 broker who is rising in popularity with every year since its existence. Let us find out if there is something special about this broker. FXTM social trading platform is designed to be mutually beneficial for both the strategy manager and the investor.

Ben’s contributions as a freelancer to the site since 2013 are highly valued. He has a real talent particularly within short-term speculation, making many successful trades on the directions of the global financial markets. They are a highly visible broker with all the answers to your questions displayed on their website. FXTM offer a loyalty scheme for clients in the Promotions section of their website. This loyalty scheme is designed to save you cash on your future trades.

Desktop Trading Platform

Traders have access to 24/5 multilingual customer support. It consists of phone support, including a call-back function, e-mail, and an FAQ section. FXTM also provides live chat on its website or via WhatsApp, Viber, Telegram, or Messenger. I find it well-structured and an excellent starting point for new traders. Forextime does not levy internal fees, but traders may face third-party processing costs. I recommend checking them to determine the most convenient and cost-effective solution.

Processing times also vary based on method and rank from instant to ten business days. The MyFXTM back office is where traders make all their deposits and withdrawals. Most traders will satisfy this by sending a copy of their ID and one proof of residency document. I found the entire process to be swift and hassle-free.

At FXTM they have multilingual customer support and technical support teams. Furthermore, there are personal account managers which are assigned to the traders and are readily available when they need help. MT4 with FXTM provides traders access to a range of markets and several different financial instruments.

What Is Global Mining Fxtm

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 brokerage firm definition we will cover Forextime offering in detail so you would understand conditions better. Not only do they have a decent mobile and tablet app, but they also have more than one of each. Depending on what you prefer, MT4 or MT5, you can choose your experience.

They give traders increased flexibility by allowing trading virtually anywhere and anytime on mobile devices. The apps come with most of the features found on the desktop MT4&5 applications and an extended version is available for tablets. There’s a lot to offer Famous traders here for casual and first-time traders thanks to a large backlog of trading guides and a fully-featured mobile app that lets you modify your positions on the go. Oh, it isn’t all sunbeam and champagne – there are those hefty withdrawal fees, after all.

Deposit & Withdrawals Options

All account types can be funded using a wide variety of institutions and services. While the majority of deposit options incur no commissions , the same does not hold true for withdrawals, which can be expensive to request. There are no fees for this account type and you do not have to share your trading strategies – just your trades. You get your own dedicated page to use to match with investors and can manage multiple accounts at one time. You can choose to open an ECN or ECN Zero account to get started. FXTM withdrawal options is widely available including bank transfers, e-wallets and cards.

This platform has 44 graphical objects and has an integrated economic calendar. Additionally, MT5 includes a multi-threaded strategy tester, convenient fund transfer between accounts, and system alerts that will surely keep you updated with the markets’ trends. The security of our finances and investments is our top priority as traders. FXTM understands this and that is why the brand all its services offer full segregation of funds for retail clients.

Before trading with any broker, make sure that the broker is regulated. Regulation is a license gained by the broker that passed certain criteria in order to operate legitimately in the trading industry. Without this regulation, the broker is not authorized and is not legit. It is important for us as traders to protect our money and investments. This regulation will serve as your protection from scammers circulating online.

FXTM is obviously a responsible broker with reliability. It has a good reputation and living up to its standards. FXTM offers platforms that are suitable for any type of trader – beginner or Forex Club professional. The brand offers platforms that you can trade anytime and anywhere you want as long as connected to the internet. Also, the FXTM adopted the SSL network security protocol.

I think it is promising and carries great potential for FXTM moving forward. Some time ago, we provided cryptocurrencies for trading. Please be informed that cryptocurrency trading is no longer available in our trading accounts.

Trade stocks at FXTM and you have options available from the New York Stock Exchange as well as Nasdaq. The site gives you completely free access to price data in real time, as well as real-time trade execution, which enables you to make the most of every trading opportunity that comes your way. There’s a very clear pricing policy across the FXTM website, so you won’t have any unpleasant surprises as you trade. Deposits are free, as are withdrawals made via Neteller or Skrill. Other withdrawal methods incur a small charge, and the Advantage account is also subject to commission fees. It’s important to understand that withdrawal methods tend to attract a fee at FXTM, although once again, this will depend on your preferred option.

Plus, ForexTime places great emphasis on the importance of education and enables traders to improve their skills through online FX courses, local seminars and frequent webinars. The software backbone for FXTM relies on the highly popular MetaTrader series of trading platforms, in both MT4 and MT5 varieties. Trading account classifications relate back to both types, with three categories offered in STP versions and five under the ECN service.

With this broker I do not have any problems with money transfer. It is a broker who always shows updated strategies, and any questions can be discussed with employers by phone. If the flow is about investing in the PAMM-account, then FHTM think an excellent choice. I don’t think I’ve ever faced any issue in execution, my orders are executed in no time all the time. I’m planning to be a part of their IB program cos I have a few friends who are interested in them as well. Benzinga is your source for anything Forex, and we’re detialing the best forex books to read when trading in this profitable market.

At the time of writing this review, FXTM did not offer any cryptocurrency trading options on its platforms. Nonetheless, ForexTime offers multiple world-class trading platforms in MetaTrader 4 and MetaTrader 5. These allow traders to enjoy up-to-date trading sessions on hundreds of assets, direct to Mac, personal computer, tablet, or smartphone. Furthermore, during FXTM review we found out that this broker offers flexible leverage on forex trading, depending on country of residence as well as knowledge and experience. The spreads depend on which trading platform is used and range from 1.3 to 0.1 pips on ECN MT4.

FXTM’s copy trading program allows less skilled forex investors to mirror your trades and then you earn a percentage of their profits. You can earn up to 40 percent commission for each trader who profits by following your trading strategies. A swap-free version is available for use with the MT4 platform only. Available asset classes include minor/major currency pairs and spot metals.

Our FXTM review discovered that the broker also offers its own proprietary app, which is available for iOS and Android handheld devices. It includes an easy-to-use interface and state-of-the-art charting tools, with one-click trading for super-fast market action. The broker also offers NGN base currency accounts for Nigerian traders. FXTM fees are built into the spreads but varies with the account types. Spreads on its standard and stock CFDs account types are higher than the average industry benchmark.

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