FXTM: Reviews and Opinions of scam victims

FXTM 2020 review

The main message from FXTM at the top of their site is: every trader can improve their own trading skills by using the broker's free educational resources. It is also noted that in the process of trading, the user's capital is exposed to risk.

FXTM broker analyzing

WHEN you start analyzing an intermediary company, always try to see a comprehensive picture.

The first is the benefits that will be offered to you. Keep in mind that things may actually turn out to be completely different from what they are supposed to be. For example, possible types of rewards from FXTM can serve a single purpose-to activate user trading. The higher the volume of transactions – the more the intermediary will be able to earn on the premium to the spread. A stockbroker, trying to get extra money, can simply merge his capital, because he will violate the conditions of money management.

The second is obvious and hidden risks, which, for the most part, are concentrated in the rules of internal regulations. Here, the FXTM broker has a clear advantage. You can set your own rules of the game in the market, even if they clearly violate the interests of traders. For example, a firm can completely absolve itself of responsibility for any actions, as well as their absence. But if the stockbroker does not fulfill his obligations to FXTM, then he will have to answer to the fullest extent-both financially and at the legislative level.

How does the broker present itself and what do clients say about it?

It is quite natural that FXTM wants to show its best side on the official website. After all, the more advantages a company has, the more loyal its customers will be. But maybe honesty is about reducing the discrepancy between promises and reality as much as possible?

Many disgruntled users claim that FXTM is a real divorce. Complaints are not original. What is good is that the Network has a huge number of trading comments, where people thank the intermediary for:

• High-quality analytical materials.
• Customer care.
• High-level service support.
• Prompt resolution of issues.
• Timely and full withdrawal of funds from FXTM. It is interesting that this point becomes a reason for complaints from merchants with the opposite point of view. Their experience of cooperation has shown that FXTM is a scam who has his own benefit in the first place.

Information about the intermediary

The company was established in 2011. The brand is subject to the requirements of several regulators and has many licenses-from CySec, FSCA, FCA, the financial services Commission of the Republic of Mauritius and the financial regulation and supervision Authority. One of the group's companies is a member of the Financial Commission. This body deals with the settlement of disputes.
 

Negative reviews written about FXTM are considered, but the regulator requires documentary evidence of what has been said. This can be screenshots of the screen of a market player, a signed cooperation agreement with this particular organization, statistics of trading on a specific account, an archive of quotes, and so on. Of course, you will need to confirm your identity and justify your claims.

FXTM Trading conditions

According to the data on the company's website and reviews written about FXTM, narrow spreads, fast execution, micro and mini lots are offered. Floating leverage, up to 1: 1000. The minimum Deposit amount is not specified specifically, but it is written that the entry threshold is low. Clients ' money is stored separately from the broker's finances.

The trader will be able to benefit from large interbank liquidity, algorithmic trading, and non-interference dealing. You can choose from currency pairs, futures, ETFs, CFDs, precious metals, and commodities. MetaTrader 5 and 4 versions are popular universal terminals with a wide range of built-in functions. Additionally, there are apps for mobile devices.

Using the referral program, you can earn additional money. There are contests and promotions that you can participate in. But read the terms carefully so that you don't waste time, effort, and money."