As a beginner in forex
trading, it is important to know the basics of the market before jumping into
live trading. A good broker offers a demo account, which allows you to practice
trading before committing to live trading. Although studying educational materials
can help, it is not a guarantee of success. Fortunately, FXTM has additional
tools that can improve your trading experience. As a bonus, the company also
has a stellar reputation for helping customers and making sure that all of
their needs are met.
FXTM has a wide range
of trading accounts, which can cater to both novices and experts. MetaTrader is
a popular platform, and offers more technical analysis and timeframes than
other brokers. Besides the standard chart analysis, MetaTrader also has expert
advisors and advanced signals to make your trades more successful. In addition,
it provides an integrated financial calendar. So, if you're a novice in forex
trading, this website may be the right choice for you.
Forextime's community
is large, and its site is open 24 hours a day. Currently, it boasts 750,000+
active traders. Traders can participate in various opportunities and even win
awards for excellence in trading. Moreover, FXTM is active in the community.
They sponsor different sports and reveal their latest innovations to the media.
This is an additional benefit for those who are new to the world of forex.
In terms of security,
FXTM uses cloud servers that are connected to the internet at all times. This
ensures that all client information is secure. The company uses a number of
advanced security measures to protect its users. These include firewalls and
anti-phishing, which protect your account from hackers. Lastly, it has an
Investor Compensation Fund (ICF) fund insurance policy, which means that your
funds will be protected if you lose money.
While FXTM does offer a
great range of tools and features, it also comes with several drawbacks. For
example, it charges an inactivity fee after six months of inactivity. This
charge only applies to real money accounts. If you have an account that is not
active for 6 months, you will be charged. Nonetheless, this inactivity fee is
worth the small price you pay if you want to continue using the platform.
The FXTM website is
available around the clock. The London Forex market is open from three am to
noon, while the New York Forex market is open from 9am to 5pm. In addition, you
can use the trading app and access the markets from anywhere. Additionally,
FXTM is licensed by the Cypriot Securities and Exchange Commission, which gives
you additional protection against fraudulent companies. Its educational
resources are available in a variety of languages and are helpful for both new
and experienced traders.
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