Download MetaTrader 4 MT4 Trading Platform FXTM
MetaTrader 4 (MT4) is the tried and tested trading platform that has catapulted forex trading into the mainstream. Whether you have a PC, Mac, mobile, tablet, then FXTM has an MT4 option for you. FXTM is known as a specialist MetaTrader broker, focusing its CFD trading platform offering exclusively on the MT4 and MT5 platforms. Unfortunately, this means that if you’re looking to use cTrader, then you are unable to with this broker. The sheer number of CFDs to trade on some of the highest leverage available makes FXTM a clear choice. Trailing Stop is placed on an open position, at a specified distance from the current price of the financial instrument in question.
Trade using MT5 with FXTM
Although less comprehensive than IG or Interactive Brokers, FXTM offers a good range of well-written educational resources, supported by an in-house team of analysts to help traders stay better informed. FXTM offers a range of research resources designed to support informed trading, which includes daily market analysis, an economic calendar, and occasional insights from professional analysts. CTrader is particularly favored by algorithmic traders due to its extensive API support and advanced trading functionalities, such as market depth and customizable indicators.
Futures CFDS
Sometimes referred to as ForexTime, FXTM offers clients low-cost trading, fast execution, and world-class forex education. Their range of available financial assets compares fairly to other big brokers, such as OANDA, IC Markets, and Fusion Markets. The broker provides traders with MT4 and MT5 demo account, which they can use to practice their trading strategies before implementing them on the live trading accounts. The demo account often comes preloaded with virtual funds for practice purposes. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
Explore your favourite MetaTrader platform
They cover a vast range of topics, including trading strategies, trading tools, technical analysis, and others, which are useful to traders of all experience levels. Additionally, FXCM organizes free webinars in different languages from time to time. FXTM’s eligible clients may host their virtual PCs on cloud servers, utilising PCs and mobile devices with Remote Desktop Protocol (RDP). A Virtual Private Server, more generally known as VPS, is a virtual computer that runs independently, much as a real computer does. A VPS is individually created according to your requirements and is very beneficial to forex traders owing to the security and flexibility it offers.
- However, kindly note that the dividend adjustment takes place before the market opening of the ex-dividend date.
- Currency prices change every second, giving investors limitless opportunities to enter trades.
- The former ranks among the more expensive ones, but the latter account is one of the best ones available.
- It will help support all trading levels, from beginners to experienced traders.
- No wonder FXTM traders love our Advantage account with zero spreads, ultra-low commissions on stock CFD trading and lightning-fast execution.
- All cryptocurrency CFDs are traded in currency pairs just like forex markets, against the US Dollar.
Switching to FXTM is quick and easy — sign up in minutes to discover better trading with a global award-winning team. The leadership team behind Exinity Group has proven experience in banking, trading and financial technology. And since you can’t profit from what you don’t know, we offer access to a world class, money-can’t-buy education for free. With the right licensing and regulation, those who chose to trade with us would be able do so with full peace of mind. We agreed to keep customer funds segregated, so no one would be out of pocket if things went south. More than 750 global instruments.More trading ideas and insights.And more rewards when you trade with FXTM.
What kind of account do I need to trade forex?
However, CFTC regulation is absent; as a result, FXTM cannot provide its services to citizens or residents of the United States. ForexTime will be launching MT5 in the near future, we will keep our registered clients posted and will also update our website accordingly. Yes, FXTM offers MT4 and upgrades the core version with six plugins. Opening an account at FXTM is fast, and the first step requires only a few seconds. Traders must submit their name, country, a valid mobile phone number, e-mail address, and desired password. FXTM will send a confirmation PIN to the entered mobile number to complete the process.
Accounts & Banking
- FXTM caters to most international traders, including the UK, India, Malaysia, and the Philippines.
- Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.
- Forextime offers excellent spreads in its commission-based account, making it one of the cheapest Forex brokers in the entire retail Forex industry worldwide.
- For automated trading, the platform uses the MQL5 programming language, allowing the development of Expert Advisors, scripts, and indicators.
Its clients enjoy various competitive trading conditions, including tight spreads, zero deposit fees, lightning-fast execution, commission-free trading, and more. The minimum deposit required to start trading with this broker is $10. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
What Is Margin Level?
It is constantly linked to the internet, which both speeds the execution process and adds to a safer and more reliable trading environment. Obstacles such as computer viruses, connection failures, and power shortages may be totally damaging to trade, particularly during instances of market volatility. Using a VPS may reduce these issues, making it an excellent technical environment for automated trading. MetaTrader 4 is a stand-alone online trading platform created by MetaQuotes Software. Trading on MT4 provides you access to a wide range of markets and hundreds of different financial instruments. You’ll also get over 30 technical indicators that may assist you in identifying market trends and signals for entry and exit locations.
FXTM offers clients the opportunity to trade over 250 financial instruments, all from MT4/MT5. Trading on an ECN account ensures that you get the absolute best price in the market at any given time. FXTM use tiered commissions which mean commission costs will are lower if you hold more equity in your FXTM trading account and the more volume you trade.
Common Mistakes New Futures Traders Make
The MyFXTM back office is where traders make all their deposits and withdrawals. Forextime does not levy internal deposit fees but charges for withdrawals, which is unfortunate. Traders may also face third-party processing costs and currency conversion fees. I recommend checking them to determine the most convenient and cost-effective solution.
We agreed to work to keep the cost of trading as low as possible and to offer our services in a spirit of partnership, helping our customers to be profitable traders, not just profitable customers. We’re regulated in multiple jurisdictions and offer full segregation of funds for retail clients. Wherever you are in the world, we hold your funds with top tier banks, fully segregated from assets of the firm.
The three-member research team at Forextime provides market commentary and analysis in written format, short YouTube videos,and ebooks for beginners and experts alike and podcasts. They offer a brief overview and an informative take on market events. FXTM also maintains its FXTM Trading Signals service for traders seeking actionable research. I fxtm broker like the regulatory framework at FXTM, ensuring traders have access to competitive trading conditions and superior protection. FXTM is a member of the Honk Kong-based Financial Commission, where the Compensation Fund protects traders up to €20,000 per claim. It is identical to what CySEC offers but does not come with regulatory restrictions.