He also boasts highly prestigious certifications and detailed knowledge of the GCC region. FXTM is not among the oldest or the largest online brokerages for trading forex, cryptocurrencies or other high-demand asset classes. Overall this FXTM review reveals the platform offers a well-rounded menu of research, analysis, current news and education to trading customers. FXTM periodically hosts trading contests that are open to traders of all skill and experience levels. Just for signing up and opening a live account, you can receive a $30 (or equivalent) trading credit. In order to actually receive the credit, you must finish your registration and make a minimum account deposit in the first six months.

FXTM offers a well-regulated platform and an excellent overall quality of services. Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing limefx company reviews is not only easy – but also fun. In doing so, we often feature products or services from our partners. However, the opinions and reviews published here are entirely our own.

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With the practice trades, you can tally gains and losses to see how you would perform with real trading. Once investors learn become more experienced, they can begin making real forex trades. FXTM offers 63 currency pairs, 0 cryptocurrency pairings, eight commodities, 17 index CFDs, 1,227 equity CFDs, 420 stocks listed in the United States, and five stock baskets. Although there is a limited selection of commodities and index CFDs, the comprehensive selection of trading instruments is competitive.

Volatility declined by more than 40%, US and most European indices recorded double digit gains, and China became the best performing market with the CSI300 Index rising above 28%. We’d like to share more about how we work and what drives our day-to-day business. Copper declined in Asia, weighed by weak global demand and U.S. debt-ceiling discussions. “With OPEC+ due to meet in early June, and the market still smarting from the surprise production cut announced in April, there is a risk of another surprise cut in output,” said CMC Markets UK. The risk of default “is small but not a zero-percent probability,” as is the prospect of chaos if negotiators come too close to the wire and create a period of confusion in the Treasury market.

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When he’s not working, he writes research and review articles by doing a thorough analysis on the products based on personal experience, user reviews and feedbacks from forums, quora, reddit, trustpilot amongst others. Your bank statement is authorized by the Sector Conduct Authority FSCA to help get an investor compensation fund. FXTM adds six plugins to MT4 and its Pivot Points Strategy, which includes live updates and comments from FXTM’s Head of Education, and the mobile app is simple to use. In that case, web trading software is a terrific alternative because it’s available immediately from your browser, requires no installation, and is simple to save and navigate. Since the FXTM platform utilizes MT4 or MT5 software, both versions are offered as WebTrading platforms or standalone applications that can run on any device. Industry-leading software third-party suppliers power FXTM’s trading technology and toolbar.

FXTM is a well-regulated and respected forex broker with a wide range of market instruments, competitive trading conditions, and user-friendly trading platforms. They offer various account types with reasonable minimum deposits and leverage options. FXTM’s customer support is also responsive and helpful, while their educational resources can be useful for both novice and experienced traders. FXTM is its extensive range of account types, which cater to traders of all experience levels and preferences. The broker offers five different account types, including the Micro, Advantage, and Advantage Plus accounts, as well as demo accounts and Islamic accounts. Each account type comes with its own unique features, including different leverage options, spreads, and minimum deposit requirements.

FXTM Pros and Cons

The second test was an auction of new US Treasury debt as investors were concerned that the $38 billion sale of 10-year notes wouldn’t be met by strong demand. However, the auction had a solid bid-to-cover ratio of 2.38 and priced at 10 basis points below this year’s high at 1.52%. In the hint of this, here are some factors why you should utilize the FXTM Invest service. Aside from its extensive features and apparent ability to monitor markets, the FXTM platform also allows for automated trading, which is the automatic execution of orders based on a plan. FXTM’s lowest account type is the Advantage Account, which has an average cost of $0.40 – $2 dependent on volume and spreads as low as 0.0. FXTM Invest appears to be a win-win situation for investors and strategy managers.

• Daily traders may interpret the breakdown below $1190 support as a signal for further downside with $1170 acting as a magnetic point.
• Wilbert is an avid researcher and is deeply passionate about finance and health.
• Here are some technical index trading techniques you can start implementing as a beginner.
• FXTM also offers a range of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
• “With OPEC+ due to meet in early June, and the market still smarting from the surprise production cut announced in April, there is a risk of another surprise cut in output,” said CMC Markets UK.
• Gold CFDs are commission free, and the platform allows one to short-sell gold investments if prices start climbing.

Key economic data include employment figures, Consumer Price Index (CPI), trade deficits, and consumer confidence, and consumer consumption. Knowing when this news is set for release can help you plan when to trade. We believe everyone should be able to make financial decisions with confidence.

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I was in sell position at Gold, after I was in Profit I then realized to hedge and open buy at the same time, I did upon the news the I was in lost of about 90 pips on my buy position while my SL is only 12 pips https://limefx.club/ just imagine. Due to a migration of services, access to your personal client area is temporarily disabled. Announcements on key decisions of companies in an index may also have repercussions on the index value.

On the data front, investors will be presented with key reports from economies across the world which could fuel concerns over global growth if they disappoint. The latest US retail sales figures among other data could influence expectations around the Fed’s next move, especially after the central bank stressed that incoming data would influence monetary policy decisions. The chorus of Fed speakers throughout the week may also add to dollar volatility, especially if more clues are offered on the Fed’s policy path. There are no fees for this account type and you do not have to share your trading strategies – just your trades.