FXTM is a broker and application that was established in 2011 and which today operates in over 180 countries with over 3 million customers. FXTM offers plenty of forex, CFD, stock and commodity trading options and it offers a very competitive fee structure for forex and CFDs. Moreover, the broker offers some good customer service and demo account resources. The competitive fee structure and the strong educational resources mean that you can make an account that will help you in maximizing your profits. Click the link below to join now and gain access to a plethora of CFDs and forex pairs.
On the other hand, if you are looking for a holistic platform that offers a wide array of assets at the best rates then you should consider Capital.com as it offers a diverse range of stocks, ETFs, bonds, crypto, commodities. With one of the best and most affordable fee structures coupled with the most comprehensive educational resources, Capital.com promises to be a good platform for your trading needs.
|1 - Fees||7||10|
|2 - Signup Process||9||10|
|3 - Minimum Deposit||10||10|
|4 - Ease of Use||5||10|
|5 - Deposit & Withdrawal Options||10||10|
|6 - Customer Support||9||10|
|7 - Asset Classes||5||10|
|8 - Referral Program||0||1|
|9 - Demo Account & Educational Resources||10||10|
|10 - Safety & Regulation||6||10|
Introduction To FXTM
FXTM was founded in 2011 and serves customers in over 180 countries with over 3 million customers. The broker is famous for its diverse product offerings in forex, CFDs, stocks and spot metals. The application has some great account types for different types of users and a competitive fee structure that can make trading profitable and enjoyable. FXTM covers a lot of countries in various countries across the globe. You can open an account with FXTM if you live in any of the following countries.
|Burkina Faso||Cape Verde||Cameroon||UAE||Central African Republic|
|Morocco||St Kitts||Saint Lucia||Oman||Romania|
|Grenadines||San Morino||Sierra Leone||Soloman Islands||Saudi Arabia|
|Serbia||Senegal||Seychelles||South Africa||South Korea|
If you are someone in Africa or Asia and are looking for a good broker, do check out IQ Option and easyMarkets as well apart from FXTM, as these brokers cover a lot of African and Asian nations and offer some decent value for traders across regions. We also recommend you to have a look at CMC Markets as it is also one of the strongest brokers in our database and covers a lot of African and Asian nations. Many of our brokers in Southern African and far east countries like South Africa, Zimbabwe and Indonesia have tried these brokers and given us positive feedback.
Pros & Cons To FXTM
Let’s have a look at the pros and cons for FXTM that can help you in deciding if FXTM is right for you.
FXTM Pros & Cons
|Plenty of account types of different types of users||High spreads for trading of exotic currencies|
|Many forex options||Does not offer asset types such as bonds and ETFs|
|Many CFD options||Lack of regulation from strong regulators|
|Competitive fee structure||Inactivity fees|
|Good customer service via phone and live chat|
FXTM Account Types
There are several types of accounts offered by FXTM depending on your requirements and preferences. Let’s have a quick look at them:
|Account Types||Order Execution||Leverage / Margin Requirements|
|Standard Account||Instant Execution||Floating from 1:2,000|
|Cent||Instant Execution||Fixedfrom 1:1,000 – 1:25 (FX), 1:500 -1:25 (Spot Metals)|
|ECN Account||Market Execution||Floating from 1:2,000|
|ECN Zero Account||Market Execution||Floating from 1:2,000|
|Stock CFDs Account||Instant Execution||Fixed leverage 1:10 for US Shares of and 1:3 for European Shares|
|FXTM Pro Account||Market Execution||Floating from 1:2,000 – 1:25|
The Cent and Standard accounts can be good accounts for starters because you can get started with $10 or $100 respectively. For instance, the stock CFDs account can be used for individuals wanting to trade stock CFDs. Similarly, the FXTM Pro Account has spreads starting from 0 pips so if you are a volume trader who trades in bulk you may want to invest in it.
The leverages offered for different assets vary for different asset types. For instance, the leverage rates for various assets are as below:
|Asset||Avg Starting Leverage|
The leverage positions vary for different assets and provide good value for users who are used to trading on leverage. Leverage allows you to multiply your returns however, it can also magnify your losses. We do not recommend leverage trading for beginners as they can end up losing more than they make. However, if you are an experienced leverage trader then the broker has some good value for you here.
Word of Caution
Dealing with CFD’s is very risky because you are trying to predict the price of an underlying asset. Usually, 70% of consumers lose money when they invest in CFDs with different brokers. Hence, you should try and only invest in CFDs when you have good knowledge of how CFD’s work. Now let’s have a quick look at some pros and cons of using this broker.
#1 FXTM Fees
The forex fee structure is slightly complicated because of the plethora of options that FXTM provides. The rates can change, however, there are a few minimum spreads that they mention that help you determine the range from which you can start trading. The forex pairs are divided into 3 categories namely, major, minor and exotics pairs.
FXTM Fees for Major Forex Pairs
A major pair is any pair that is commonly traded on the platform. An advantage of major forex pairs is that you will find lower spreads and higher liquidity. Some of the major pairs and the spreads associated with them are mentioned in the table below.
Minimum Spreads (pips)
You can see from the sample above that the minimum spreads for the major currencies are quite low. The lower limits for spreads also provide you with a guideline to know when the spreads are fluctuating.
FXTM Fees For Minor Forex Pairs
Minor pairs include currencies that are not in as high demand as major pairs but they can be helpful in building a diversified forex portfolio mix. Since these currencies are not very high in demand they tend to have higher spreads.
Minimum Spreads (pips)
The minimum spreads in the table above are considerably higher than the ones than the major forex table above. However, since these pairs are more unique than the ones in the major forex category they are obviously higher.
FXTM Fees For Exotic Currency Pairs
Exotic currency pairs are pairs that include currencies from the developing world such as the South African Rand or Pakistani Rupees etc. Exotic currencies often have low demand hence, the spreads can be very high when compared to minor or major forex spreads. However, a point to be noted is that currencies of developing nations tend to have more variation than currencies of developed nations hence, it could help you in earning more provided you invest in currencies that are likely to be profitable for you.
Minimum Spreads (pips)
The minimum spreads for exotic currencies are quite high. However, it makes sense too because they are unique and rare, which is part of the reason that they are called exotic currencies in the first place. For instance, the GBP/INR conversion starts from a pip of 400 so it means that per pound there is a spread of 4 pence for trading with the INR.
FXTM Fees on European CFDs & US CFDs
The fees on European CFDs and US CFDs is variable and depends on the CFD security that is being traded. A few of the famous CFDs in Europe and their spreads are mentioned below.
Typical Spreads (pips)
Credit Agricole SA
Air LIQUIDE SA
Some of the spreads for some of the CFDs in USA are:
Typical Spreads (pips)
Bank of America
Bed Bath & Beyond
A common trend visible in some of the American stocks is that famous companies tend to have a wider spread than some of the lesser famous companies. For instance, Amazon.com, one of the largest companies in the world in terms of profit and revenue, has the widest spread of the companies mentioned above compared to a company like Bed Bath & Beyond which has a spread that is fractional to Amazon’s.
FXTM Non Trading Fees
In case you do not have any trading activity on your trading account for a period of 6 months or more, FXTM will charge you an amount of 5 EUR/USD/GBP per account depending on your Trading Account on a monthly basis. There are no deposit and withdrawal fees however, there may be deposit or withdrawal charges if you are transferring money through local transfers.
How We Rank Fees
At Yore Oyster, we rank fees based on both trading and non-trading fees. Non Trading fees consist of deposit, withdrawal and inactivity fees. The commissions and spreads associated with each asset type are also built in the score to determine the overall value.
Final Verdict FXTM Fees
The fee structure does a really good job in being explicit and clear. However, it can do a better job in offering better rates for some currency pairs and exotic pairs in particular due to which the broker scores a 7.
Related: If you’re looking for a great Forex broker, check out our Tickmill review, they offer some great forex rates as well.
FXTM Fees Score: 7/10
#2 Signup Process
The sign-up procedure for FXTM is pretty simple and self-explanatory. Everything is done online and all documents are sent digitally. The procedure will help you in quickly getting signed up, however, the verification of your account tends to take up to 1 business day, due to which this broker loses a point in our scale since some other brokers can get you verified and trading in less than a day, sometimes in as little as 20 minutes. Still, waiting for 1 day is pretty good compared to others that can take 2, 4 or even more days to verify your account.
Let’s have a quick look at the signup procedure to see how you can get signep with Forex Time aka FXTM.
Time needed: 10 minutes.
How To Signup With FXTM
- Enter Basic Information On Your Identification & Residnecy
Upload documents such as your ID Card and a bill containting your home address.
- Click Send Pin To Receive Access Code To Your Account
You will receive an access code to ensure you have entered your details correctly.
- Enter Pin
Insert your pin in the relevant area to proceed
- Click Register Now
You will now be able to open your account
How We Rank The Signup Procedue
We ranked the signup procedure based on how quick and easy it is to open an account and we base our score on the following criteria:
- The speed with which the documents can be uploaded
- Number of documents required
- The time the verification process takes
The easier an account opening process is without unnecessary checks the higher the score is for this dimension.
Final Verdict On FXTM Signup Procedure
The signup procedure is quite simple for FXTM. Verification process is also quick form the broker and helps you get signed up in one day. Quick signup procedure for the broker means that it gets a solid 9. Only reason the score is not a perfect score is because there are other brokers out there that allow for same day opening due to which the broker loses a point rather than a perfect score.
FXTM Signup Process Score: 9/10
#3 Minimum Initial Deposit
The minimum initial deposit depends on the account type and the base currency you are using and are illustrated in the table below:
|Account Type||Minimum Deposit|
|Standard Account||$/€/£ 100 / ₦40,000|
|Cent||$/€/£ 10 / ₦2,000|
|ECN Account||$/€/£ 500 / ₦80,000|
|ECN Zero Account||$/€/£ 200 / ₦80,000|
|Stock CFDs Account||$/€/£ 100 / ₦40,000|
|FXTM Pro Account||$/€/£ 25,000 / ₦5,000,000|
As you can see, if you are a beginner trader you can easily get started with the Cent or the Standard Account with a nominal deposit amount of 10 or 100 units of the base currency. However, if you want lower spreads and you are a professional trader you could get started with the FXTM Pro Account as long as you can handle the initial deposit of 25,000 of the account base currency.
How We Rank Minimum Initial Deposit
The formula here is simple, the lower the minimum initial deposit the higher the score. We at Yore Oyster believe that everyone should be able to try out a broker without having to deposit thousands of dollars to get the opportunity to do so.
The Scoring Threshold For Minimum Initial Deposit
If a broker has a requirement for upto $100, the score here is a perfect 10, as most people can afford to invest. However, if a broker charges upto $500, it still scores a healthy 8 because most of our readers believe they can invest $500 to try out a broker’s services. However, as the minimum initial deposit requirements rise above $500 most of our readers feel a bit hesitant to try out a broker due to which the score decreases.
Final Verdict On Minimum Initial Deposit
The fact that you can get started with a deposit of $10 means that the minimum deposit section gets a 10/10 as it opens up the platform for beginners looking to get started with the platform and into the trading world.
FXTM Minimum Initial Deposit Score: 10/10
#4 Ease of Use
Ease of use is one the most critical decision point for our users when deciding to go for a platform. FXTM does not have its own proprietry platform adn uses the commonly used Meta Trader 4 platform offered for brokers.
Meta Trader 4 Platform
One of the most commonly used trading platforms, Meta Trader 4 is used by hundreds of brokers around the world. The interface of Meta Trader 4 is not very user-friendly in terms of graphics as it has outdated graphics that need to be revamped. However, in terms of having comprehensive charting tools and statistical tools, Meta Trader completely fits the bill. It is the reason perhaps that the platform is home to hundreds of brokers because it covers all the basics and provides you with a solid foundation in trading. As a platform, we think it’s an ideal platform for individuals who are pro traders and have been trading for some time, though it can be a little complicated and daunting for beginners.
MT4 Web & Desktop Trading Platform
The Meta Trader 4 platform provided has a lot of detail in terms of statistical metrics that users can use. A drawback is that the graphics of the applications are a bit outdated and something that the platform can and perhaps should improve upon. The Meta Trader 4 platform can be a bit daunting for beginners to get started with but be a bit easier for professional traders. Professional traders may be used to it because of its pervasiveness in the market and the fact that they may have used it in the past.
MT4 Mobile Trading Platform
Offers a lot of options in terms of customizability. For instance, you can choose your own metrics to evaluate your assets, design your own dashboards. Moreover, you can also set up alerts for prices and different market movements on your mobile.
MT4 Platform Languages
The Meta Trader 4 platform is a global platform that supports hundreds of online brokers. A good feature of the platform is that it has a lot of languages that cover most of the people in the world. The Meta Trader 4 platform is available in:
As you can see, the platform covers many of the commonly spoken languages around the world. This offers some really good value for users across the world who want to trade in their own language.
The charting tools offer decent value in terms of giving a trend of past price fluctuations and the variances associated with an asset. However, the interface for charting does seem like something out of a 1990’s Sega Game and Meta Trader could do much to improve it as it is one of the most widely used trading platforms in the world. They could do a better job of improving and enhancing the user experience and useability of the platform.
Desktop & Web Trading Platform
Meta Trader-4’s asset interface or dashboard interface is quite detailed and gives you plenty of trends and metrics on your asset. For instance, you can see the trend of your asset on the dashboard along with metrics displayed in text on the left side of your dashboard. However, the interface seems a bit outdated and the graphs seem slightly outdated as well.
The search functions seem outdated as well. You do not have the option to type in what you want to search, instead, you have to manually read the different options from dropdown menus, which can be really anoying.
Desktop & Mobile Trading Platform
The interface of the desktop and mobile applications is better than the web platform. However, it still seems like it is outdated. The desktop and mobile applications have the same features as the web application apart from the fact that you can set up import notifications for timely decision making.
The mobile platform has an intuitive interface. This makes it easy to navigate around the mobile application. Moreover, the order execution is quick and fast which is helpful for users looking to make quick trades.
How We Rank Ease Of Use
Ease of use comprises of the overall user experience provided by a platform. We rank this dimension according to the following criteria:
- Intuitive Interface Across All Platforms
- Customizability Options Available To You
- Advanced Research Tools For Analysis
Having an intuitive interface was ranked as the number one factor by most of our users in considering a broker with a good interface. The options available for customizing dashboards and statistical analysis were also very important factors according to our audience.
FXTM Ease of Use Score: 5/10
#5 Deposit & Withdrawal Options
There are plenty of options through which you can deposit or withdraw your funds with FXTM. It is always good for a broker to have multiple deposit and withdrawal options to provide users with the flexibility to deposit and withdraw funds in the manner that best suits their needs.
These are the different options FXTM offers for depositing or withdrawing funds:
- Bank transfer or Wire transfer
- Credit or Debit cards such as Mastercard & Visa
- E-Wallets such as Skrill, Paypal and Neteller
- Cryptocurrency such as Bitcoin
The plethora of popular deposit and withdrawal options holds FXTM in good stead. Most of the deposit and withdrawal options offered by FXTM are popular options used by traders around the world. They also offer cryptocurrencies to deposit and withdraw funds, something that many brokers don’t do.
How We Rank Deposit & Withdrawal Options
Having a lot of Deposit & Withdrawal options gives you the flexibility to deposit and withdraw fudns in the manner that best fits your needs. We rank this dimension according to the following criteria:
- Ways in which you can deposit your funds
- Ways in which you can withdraw your funds
- Number of options within different Deposit and Withdrawal Types
We look at 3 main options that a broker needs to offer for a perfect score as these are the most commonly used by brokers:
- Credit/Debit Cards
- Bank Transfer & Wire Transfer
- E-Wallets such as Paypal, Skrill and WebMoney
Final Verdict On FXTM Deposit & Withdrawal Options
The broker covers most ways in which brokers allow the deposit and withdrawal their funds. Moreover, they also provide the option to use crypto something that most other brokers do not offer, which is something very useful. Score for this section is a perfect score without any doubt because the broker goes above and beyond in providng value for users.
FXTM Deposit & Withdrawal Options Score: 10/10
#6 Customer Support At FXTM
There are plenty of options for customer support that can help you solve any issues that you may face with your account. Some of the customer support options that are available are:
- Live Chat
Ther phone support is available 24/5. The average response time via email is around 1 day. Phone support and live chat often respond quickly to customer queries and questions. Customer service is provided in several languages such as:
The broker does an amazing job of offering different languages for people belonging to different countries. This really helps in reaching out to users all across the world in the languages that they are accustomed to communicating in. Now lets have a look at pros and cons for the customer service.
FXTM Customer Service Pros & Cons
|Quick Live chat||May not get relevant answers via live chat|
|Detailed & Quick Response via Phone||Slightly slow response on emails at times|
|Detailed Response On Email||–|
|Dedicated Account Manager||–|
How We Rank Customer Support
Customer support plays an important role in getting much needed help. Our criteria takes into account the 3 most pivotal factors considered by our viewers which include:
- Availabiltiy of Support via Live Chat, Phone & Email
- Speed & Quality of Response Across Platforms
- Availability of Customised Support Such as a Dedicated Account Mnager
The customer support dimension is a really important dimension for most of our readers. Hence, we not only take into account all the platforms that are used to provide support but the quality of the support provided and the consumer feedback.
Final Verdict FXTM Customer Service
The customer service is generally very good. However, the slightly slow response to emails and the fact that the service isn’t available during the weekends makes this broker get a 9 in this category rather than a perfect 10.
FXTM Customer Support Score: 9/10
#7 Asset Classes
Building a diversified portfolio is helpful in designing profitable portfolios and in managing risk. In this regard, these are some of the assets offered by FXTM:
- Forex with over 50 pairs split into major, minor and exotics categories
- CFDs on cryptocurrencies such as Bitcoin, Ethereum, Litecoin
- CFDs for stock Indices and Commodities
- Spot metals such as gold and silver
- 100’s of Stocks
The broker does a good job covering some fo the commonly traded asset types. however, the choices within each asset type is quite limited and not many options are offered. Now let’s decouple each asset type one by one to see what is on offer for you as a trader and if the broker fits the bill to be your broker of choice.
The broker offer major, minor and exotic currency pairs. Let’s have a quick look at some of the commonly traded pairs with Forex Time aka FXTM.
As you can see the broker offers some really good value with respect to pairs of different types. For instance, you can trade Hong Kong dollars, Singaporean dollars and New Zealand Dollars. The broker does a good job of giving you the option to create diversified forex portfolios that can help you improve your portfolio’s long-term profitability.
The broker offers more than 100 stocks that you can trade-in. Stock offered by the platform includes companies specifically picked by the platform in each ETF. Moreover, the broker offers stocks of all the big names in the book such as:
- Ali Baba
You can see from the list above that you can invest in the stocks of the hottest tech companies on the planet via FXTM. However, they could have also inculcated a wide variety of FMCG or Fast Moving Consumer Goods like Procter & Gamble or Unilever as these are always a good bet to invest in because of the stability that these businesses operate in.
The broker mainly offers 7 types of commodities so far however, the broker is quickly expanding its portfolios and may offer more commodities liek soybean, coffee and wheat in the future. The broker currentl
- Brent Oil
- Natural Gas
- Crude Oil
The broker does a good job in offering the most commonly traded commodities across different trading platforms. For instance, metals and oils are very famous among commodity traders and FXTM does a good job of providing both of them via their platform. However, we recommend that beginners should not invest in commodities without a lot of knowledge as it can be risky. For instance, oil prices are quite volatile. They peaked to more than a $100 per barrell in 2014 and slumped around 2018-2020 to below $50 a barrell. Similarly, with commodities like gold the prices vary every day and investing without knowledge can lead to losses in case of market downswings.
How We Rank Asset Classes
The criteria for ranking asset classes is pretty simple and as follows:
- Number Of Asset Classes Offered, such as crypto, forex, stocks, ETFs and bonds.
- Options Provided within each asset class
The more asset classes a broker provides, the more the chance to diversify your portfolio. Diversified portfolios often help in mitigating risk and long term profitability. This is the reason due to whch we give higher ranking and weightage to brokers who give you the option to hedge your risk.
Final Verdict Asset Classes
FXTM offers slightly more assets than apps that just offer forex and CFDs by providing metals and stocks as well, however, the lack of assets such as bonds & ETFs means that the score here is 5/10.
FXTM Asset Classes Score: 5/10
#8 Referral Program
Referral programs play an important role in making trading fun because you can use the platform with friends and learn more. However, there is no active referral program for FXTM for individual users.This reduces the chance that you have to earn more funds by referring more friends.
How We Rank Referral Programs
The more rewards a broker gives the higher the score for this dimension. Rewards are a good way for encouraging beginners to start trading with friends and family making the experience enjoyable, due to which we encourage brokers to offer more and more rewards. We also take into account how difficult it is to attain these rewards.
Final Verdict On Referral Programs
The fact that the broker does not have an active referral program means that the broker does not score any points for this dimension.
FXTM Referral Program Score: 0/10
#9 Demo Account & Educational Resources
Demo account and educational resources always play a pivotal role in helping novice traders or individuals new to a platform to learn how to trade and how to use the platform to maximize their benefit. FXTM has a good demo account and educational resources, let’s have a look to see the main features of FXTM’s demo account and educational resources.
Demo accounts can be a good way for trading and testing out your trading strategies. FXTM offers a good demo account that you can trade-in. You get paper currency via your FXTM trading account that you can use to test out your strategies. This allows you to enhance your skillsets and improve your ability as a trader by making strategies and portfolios without having to worry about any risk or losses.
Unlike most applications, FXTM has some really good educational resources that can help you out. Some of the educational resources are:
- Tutorial videos on using the platform
- Educational videos on trading different assets
- Educational articles
- Forex Trading Strategies
- Glossaries of Key Terms
- Beginner’s Guides
The tutorial videos regarding the platform can really help you in getting acquainted with the trading platform and how it works. Moreover, training videos on different assets can really help you in expanding your horizons and diversifying your portfolios by learning how to trade different assets.
Webinars are always a good way of understanding how market circumstances may affect different assets. Participating in webinars can help you in enhancing theoretical information from tutorial videos and understanding the practical influence of different events in the world on various assets. Moreover, you can stay up to date by reviewing the educational articles on different market phenomenon and events.
The broker also does a good job in giving a lot of information to beginners with beginner guides, glossaries and trading strategy videos and guides. Thsi can really help someone new to trading get their understanding on how to trade and how the FXTM platform works and the way in which they can make most out of the platform.
How We Rank Demo Account & Educational Resources
The purpose of a demo account and educational resources is to train users to make informed decisions. Our crtiteria marks every broker on the quality of training that they provide beginners with. Our criteria is as follows.
- The demo account should not have a time limit or a paper trading limit to get a perfect score
- Educational Resources should include tutorials, webinars and online courses to ensure that anyone new to trading can quickly learn and trade profitably
Final Verdict On Demo Account & Educational Resources
The broker scores a perfect 10 in this dimension because of the holistic way that it is designed in which can be helpful any type of trader. For instance, you can have access to beginner guides if your a beginner. Moreover, if you are experienced, you can also get access to webinars and seminars that can really help you.
FXTM Demo Account & Educational Resources Score: 10/10
#10 Safety & Regulation
FXTM is regulated by the Financial Services Commission of Mauritius which is not really one the better regulators out there. Regulation can often help in instilling trust in users that the app is monitored by a governmental authority and trading in it is safe. However, the regulator is not a tier-1 broker like UK’s Financial Conduct Authority or the Securities & Exchange Commission of USA.
How We Rank Safety & Regulation
If a broker is regulated by a tier 1 broker like the Financial Conduct Authority of UK (FCA), Securities Exchange Commission (SEC), or Australia Securities & Exchange Commission (ASIC) it scores a perfect score. However, if it is regulated from a tier-2 broker like the Cyprus Securities & Exchange it scores an 8. The score for most tier 3 brokers is a 6 and the score for no regulation is 0. Regulation is an important factor for brokers as non-regulated entities can engage in harmful practices for investors that can be detrimental for them.
Final Verdict Is FXTM Safe
However, FXTM lacks the regulation from a strong regulator like CySEC, FCA or SEC due to which it scores a 6 rather than a higher score.
FXTM Safety & Regulation Score: 6/10
FXTM Loyalty Program
Unlike other brokers, FXTM has a loyalty program aswell that gives benefits to users. This is something unique not offered by most other brokers. Some of the salients of the loyalty program are as follows:
This tier of the loyalty programme is for investors with a balance between $0 and $4,999. You get various discounts and can enjoy savings of $300 on trading forex. The saving is usually $1 on 0-100 lots, $2 on 100+ lots.
This tier of the loyalty programme is for investors with a balance between with a balance of $15,000 to $49,999. You can enjoy a maximum saving of $1,500 (or the equivalent in GBP or Euros).
This tier of the loyalty programme is for investors with a balance between with a balance of $50,000 to $99,999, You can expect to enjoy $3 off 0-100 lot trades and $4 off 100+ lot trades, to a maximum of $3,000.
This tier of the loyalty programme is for investors with a balance between $100,000 to $149,999, the discounts are $4 on 0-100 lots and $5 on 100+ lots, to a maximum of $6,000.
This tier of the loyalty programme is for investors with a balance greater than $150,000. You can benefit from $5 off every trade (both 0-100 lots and 100+ lots) to a maximum of $10,000.
The loyalty program offers some good value to investors in different tiers. This is something really amazing because most brokers do not offer so many tiered benefits for different types of investors. We think a lot of brokers can take ideas from FXTM to offer loyalty programs to all types of users to start using the platform. However, we also recommend that they can start a referral program and tie it to their loyalty program to encourage people to trade in groups and use the platform.
FXTM vs. Capital.com
FXTM has a quick sign up procedure coupled with plenty of deposit and withdrawal options and an excellent demo account, which makeit a great broker. However, there are a few dimensions where Capital.com is much better and a more comprehensive alternative than FXTM for the following reasons:
Ease Of Use
Capital.com has a much more intuitive interface than FXTM. The interface of Capital.com allows you to have some great options to make informed decisions by using algorithms and market information by options such as advanced charting and news feed features.
More Asset Classes
Capital.com also has some great asset classes like plenty of bonds, stocks, ETFs, commodities and forex which provides it with a greater product portfolio than FXTM. Building a diversified portfolio is a great way to make a strong portfolio and Capital.com gives you that option by providing you with a myriad of options.
Comprehensive Educational Resources
Capital.com has a lot of educational resources to train any kind of trader looking to deal in any kind of asset. Often brokers offer a few basic educational resources for traders but Capital.com does a good job in this regard and it is with you in helping you learn to trade savvily and efficiently. Some of the resources offered are as below:
- Tutorial videos on using the platform
- Educational videos on trading different assets
- Educational articles
The resources offered to teach you everything from learning how the platform works to educational videos and webinars. Capital.com also offers asset trading training guides.
- CFD training guides
- Commodities training guides
- Indices trading guides
- Trading psychology guides
- Shares trading guides
- Forex trading guides
Capital.com has you covered if you want to start trading an asset that you have not traded before. They also offer 5 courses that are aimed at training beginners and refreshing the knowledge of experienced traders.
Capital.com Online Courses
- Introduction to financial markets
- ABC of derivatives
- Financial instruments
- Derivatives and risks of trading
- What are leverage and margin
The online courses are designed for beginners but anyone can benefit from them in learning the basics and good practices and knowledge of the industry.
Better Customer Support
Capital.com also has a very good customer support service with a quick email response, a dedicated account manager and an efficient live chat and telephone service. The dedicated account manager is a really good feature of Capital.com as it allows someone to advise you based on your preferences and investment horizon.
Hence, we recommend Capital.com as a much more holistic and comprehensive trading platform compared to FXTM. Click the link below to signup to Capital.com today.
FXTM is a really good platform for CFDs and forex with plenty of options in these domains with a wide range of minor forex pairs, major forex pairs, exotic forex pairs, crypto CFDs & stock CFDs. Similarly, the platform offers plenty of deposit and withdrawal options that can help you in easily using the platform on a daily basis. If you are looking for a good platform for forex and CFDs you should sign up for FXTM today.
FXTM is a good application that allows you to trade a myriad of assets however, Capital.com has many more assets that provide you with more trading options. For instance, Capital.com offers more than 1,700 stocks, 25 commodities and plenty of bonds for you to trade-in. Moreover, Capital.com has great customer support that will help you make the most of the trading platform. The interface of Capital.com is much more intuitive coupled with some great charting tools it can help you in trading profitably. Click the link below to join Capital.com for an educational and comprehensive trading platform.