FXTM's advantages include an extended list of assets that are available in certain accounts. These are currency pairs, commodities, indices, precious metals, stocks and cryptocurrencies.
All these categories of financial instruments are available in the Metatrader trading platform and web terminal. A bonus for Forextime users in Russia and other countries will be access to a mobile application, through which you can open and close transactions 24 hours a day. It is convenient that even on ECN accounts orders are processed 24/7, but with swap charges.
All earned money can be withdrawn through numerous payment systems. No commission is charged for transactions, but it can be withheld by issuing banks.
Confidentiality and Security
The security of trading accounts and user data at FXTM is achieved through account separation, close partnership with leading banks, investor compensation funds and SSL encryption.
So, how does FXTM protect its clients' accounts?
Necessary measures taken by FXTM to protect user information, payment details and customer accounts include the following:
Separation of accounts, which protects customer funds from any unlikely liquidation.
Close partnership with leading European banks.
Registration of clients in various investor compensation funds in different areas of activity.
Adoption of SSL (Secure Sockets Layer) network security protocol to secure all connections for transactions and communications.
Data transfer encryption to prevent data leakage and unauthorized access to user information.
Mobile trading platforms
FXTM offers its own mobile trading application which can be downloaded from Google Play and iOS stores. It is an enhanced version of the mobile apps offered by other retail brokers.
With the FXTM Trader app, you get the following features:
250+ financial instruments.
The ability to modify, open and close positions in seconds.
One-click trading provides faster execution of market operations.
Access for MyFXTM members.
State-of-the-art charting tools.
A standard mobile application for MT4 and MT5 is also available. Therefore, traders can choose between these two versions and the FXTM Trader application.
Advice for beginners in trading
If you feel too emotional, you should stop trading immediately. Excitement and uncertainty, irritation, depression, euphoria, happiness, emotional excitement - all these are insidious enemies of the trader.
After a large profit, just like after a large loss, it is recommended to pause for at least 24 hours.
Try to work as disciplined as possible, and evaluate your own abilities objectively and professionally.
Do not open a trade if you do not know at what profit or loss you should close the contract immediately.
Working on a currency or stock exchange can make a profit, but without thorough practical and theoretical training, it is unlikely to get high and stable income. Risking money from the family budget, credit funds, as well as just the last money that remains at the disposal of categorically not recommended.
To conduct the trading process as correctly and without losses as possible, you should choose the right broker, which is ForexTime Singapore.