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is this a good broker?

Someone please, provide an opinion?!

Ana 2016-02-02

In the course of just a few years, FXTM has firmly established itself as a global broker; basing its entire philosophy around the most precious commodity of all: time.  Constantly upgrading and bettering themselves, in order to provide their clients with one of the best trading experiences in the industry. 

 

Furthermore, FXTM has developed one of the most thorough and comprehensive educational programs in the business. This client-centric broker created an array of ways to provide its clients with effective trading knowledge and education. 

 

No matter the skill level or type of trader, FXTM has developed a trading and even an investing account option perfectly suited to their needs and requirements. Their speed of execution, strict fund security and exceptional customer support play a big role in FXTM’s success and is what drives them to constantly discovering and providing traders and investors with greater opportunities. 

 

For clients who prefer automated trading strategies through Expert Advisors (EAs), FXTM offers a designated forex VPS service, and technical traders can take advantage of the Trading Central technical analysis tool – free of charge.

 

Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, South Africa, UAE CySec, FSCA, FSC MT4, MT5, Web $5 Review Website
Cyprus CySEC MT4, Web $25 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website

Latest Forex News

BaFin orders Prestige FM / Euro Wealth OÜ to cease operations

Jan 15 2019 11:58:26, Jonathan Smith in Market

  The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has ordered Euro Wealth OÜ, operating Prestige Financial Markets brokerage brand, to cease offering illegal cross-border trading services to German investors.   BaFin said that the above-mentioned company offers German clients CFDs on currencies, equities, commodities, indicia and cryptocurrencies thorough its website www.prestige.fm, and it is not authorized to do so. The regulator also noted that Euro Wealth OÜ was formerly known as Allpro Tech OÜ, and Nostro Technology OÜ. Read more

ASIC blacklisted unauthorized forex broker 4XFX

Jan 14 2019 14:27:06, Jonathan Smith in Market

  The Australian Securities and Investment Commission (ASIC) added unregulated forex broker 4XFX to its warning list previous week.  ASIC advised investors not to deal with this broker, also known as FRG Europe OU, as it is not authorized to provide financial services in Australia and could be involved in a scam.   4XFX (operating via www.4xfx.com) claims to provide access to a lot of markets on both the MetaTrader4 and a proprietary web-based platform, but has failed to disclose its trading conditions clearly. The brand is allegedly operated by GRF EUROPE OÜ, a company based in Tallinn, Estonia. Read more

XM applies for a forex dealer license in the US

Jan 11 2019 13:39:14, Jonathan Smith in Brokers

  The US subsidiary of major forex brokerage XM has applied for a membership with the National Futures Association (NFA). This became clear from a filing by the broker’s US entity Trading.com Markets Inc. (previously Trading Point US Inc.) with the NFA dated January 3, 2019.   More specifically, the application is for Forex Dealer Member (FDM), NFA membership and Retail Foreign Exchange Dealer (RFED) status, which is quite an event for the US forex market. Only a few forex brokers have left legally operating there due to the heavily regulated environment and high operating costs - OANDA Corporation, IG and Forex.com parent GAIN Capital. Read more

ESMA calls for common approach on cryptocurrencies

Jan 10 2019 14:47:15, Jonathan Smith in Market

  The European Securities and Markets Authority (ESMA) has identified certain gaps and issues in the existing EU financial regulatory framework for cryptocurrencies and considers that further measures need to be taken in the sector to ensure investor protection. This became clear from ESMA’s Advice to EU Institutions (Commission, Council and Parliament) on initial coin offerings and crypto-assets published on Wednesday. Read more

HotForex acquired DFSA license, commences operations in the UAE

Jan 08 2019 10:45:37, Jonathan Smith in Brokers

  HotForex is now licensed by the Dubai Financial Services Authority (DFSA) and announced it commences operations in the United Arab Emirates (UAE). The Dubai arm of the HF Markets Group, HF Markets (DIFC) Ltd., acquired the DFSA license in December last year.   “This is an important milestone for HF Markets. The UAE and the GCC offer very promising business prospects and we look forward to great success”, commented George Koumantaris, the Chief Executive Officer (CEO) of HF Markets Group.   HotForex now enters a promising market, as the GCC (Gulf Cooperation Council) region strives to diversify their economy away from oil. Read more

FCA added SafeMarkets to its warning list

Jan 04 2019 09:06:03, Jonathan Smith in Market

  The Financial Conduct Authority (FCA) in the UK added SafeMarkets to its long list of companies that illegally target British customers and offer financial services without a license.   “Some firms act without our authorisation and some knowingly run investment scams”, stated the FCA in its warning. That being said, this may be the case with SafeMarkets, which offers trading in forex and various CFDs with a focus on cryptocurrencies. The brand is allegedly operated by Optiumcommerce OU, an Estonian company, which is not licensed by the Financial Conduct Authority, nor by the Estonian financial regulator. Read more

Abshire-Smith winds down UK operations due to the tough EU regulatory regime

Jan 02 2019 14:58:22, Jonathan Smith in Market

  A regulatory filing with the UK’s Companies House revealed that London-based forex and CFD brokerage Abshire-Smith is closing down its operations in the United Kingdom. The reason for the move is Brexit, as well as the restrictions on CFD trades imposed by European Securities and Markets Authority (ESMA) since last year, as reported by online media Finance Magnates.   Abshire-Smith is a London-based broker established back in 2011 and regulated by the Financial Conduct Authority  (FCA) in the UK since 2012. It also operates Nexsus Financial Markets brokerage brand. Read more

CySEC statistics: After some records have been achieved in 2016 and 2017, what’s next?

Dec 31 2018 14:47:19, Jonathan Smith in Market

  According to data published by the Cyprus Securities and Exchange Commission (CySEC), the number of licensed forex brokers in the country peaked in 2017, while the largest trading and net income was reached in 2016.     Looking at the statistics, the total number of Cypriot Investment Firms (CIFs) in 2017 amounted to 235, and their clients were about 1.5 million. Furthermore, Cypriot brokerage companies got about €1.68 billion of revenues last year, and their net income totaled to €222.7 million, which represents a YoY decrease by 32% and 77% respectively, when compared to 2016. Read more

Bank of Russia suspends forex dealer licenses of Alpari, TeleTrade, TrustForex, and Forex Club

Dec 27 2018 14:32:18, Jonathan Smith in Market

  The Central Bank of Russia (CRB) announced it suspends the forex dealer licenses of Alpari, TeleTrade, TrustForex, and Forex Club due to violations of the Russian law. The move comes a couple of days after the CRB granted a forex broker license to Alfa-Forex, which now remains one of the few forex broker operating legally on the Russian forex market.   The Russian financial mega-regulator has backed its decision with detailed information on each company’s incompliances. Read more

BaFin follows suit, restricts CFD trading permanently

Dec 21 2018 14:26:23, Jonathan Smith in Market

  Germany’s financial regulator BaFin plans to apply permanently ESMA’s CFD trading restrictions on a national level. The decision is intended as a protective measure for retail investors which will take effect in 2019.   In its official notice the German financial watchdog clarified that it aims to “permanently match the level of protection in Germany to the temporary product intervention measure issued by ESMA.” This is partly done to prevent attempts to evade these measures by providers from other EU countries. Another reason is that the ESMA can only apply such product intervention measures on a temporary basis. Read more

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