FXTM is a good all-round broker, but it does have some limitations. Firstly, traders may be disappointed in the relatively small number of financial assets available for trading. FXTM also charges high non-trading fees, including commissions for withdrawals and only offers desktop trading on the MT4 platform. All investments involve risks including possible loss of principal. Forex, binary options and cryptocurrencies are highly speculative assets.
With the MT4 mobile application, you get real-time quotes, 9 timeframes, 24 analytical objects, 30 technical indicators, trading history. You also get real-time interactive charts, all trade orders available, all execution methods available, multiple chart types, and full control of your trading account. Those with xcritical accounts can use MetaTrader 4 and MetaTrader 5. This compatibility with the top forex trading platform eliminates the lxcriticalg curve for those who switch to FXTM from another broker.
The broker offers an extensive range of assets to trade in which includes more than 60 currency pairs, and other markets for trading stocks, ETFs, crypto, and more. AvaTrade users can also avail of a very strong range of educational content with insightful material to fit all level of traders. You will also find both web-based and mobile trading platforms that are very intuitive and user-friendly that, while not being customizable, still provide a positive overall trading experience.
The calculator helps you properly manage your trades and determine the position size and the leverage level that you should not exceed. This is crucial in order to avoid margin calls or stop outs resulting in the closing of your positions. Calculate your exact profit or loss before entering a position and plan your trading plan accordingly. Using the forex profit calculator you can adjust your trade size or take profit and stop loss levels to increase or decrease potential gain or loss to match your trading plan. Our margin calculator automatically calculates the amount (margin) you need to keep in your account as insurance for opening new positions. It’s the perfect way to manage your trades and work out the position size and the leverage level you need to stick to.
How to Withdraw Funds from MyFXTM.
These articles are informative and powered by popular forex trading website FXStreet. The Economic Calendar allows you to keep up to date with economic news releases, delivered in real time and with an impact rating. I think that a news calendar is a vital tool to incorporate within your trading strategy. I am always checking the news to see what is happening across the markets as it can help me with my trading decisions.
- To use the position size calculator, enter the currency pair you are trading, your account size, and the percentage of your account you wish to risk.
- xcritical offers welcome bonuses, deposit bonuses, and cashback bonuses to new as well as existing players.
- The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
- At the time of writing, each of these graphs displays the statistics for each month of 2018.
That way, clients can choose which platform from MetaQuotes will work best with their FXTM trading experience. Its user-friendly features are cutting-edge, and they will have access to all of the major trading instruments. They will also get automated trading via Expert Advisors, and support for multiple currencies and languages. Finally, info on sell, buy, consecutive losses, greatest losses, and maximum simultaneous orders.
FXTM’s Trading Instruments
These apps can be downloaded for free from Google PlayStore or Apple App Store. Through the ECN zero account, FXTM offers ask and bid prices directly from liquidity providers (LPs) although they do add a mark-up to the spread, the account is not charged a commission. This account has market execution with no re-quotes and spreads starting xcritical reviews from 1.5 pips. The FXTM standard account offers a wide range of features and benefits to all levels of traders. The minimum deposit requirement is $100 with a 30-lot maximum volume per trade. There is no commission charged on this account although the floating spreads start from 1.3 pips as they are marked up to cover costs.
Furthermore, the company provides an insurance deposit of £85,000. FXTM invest is an interesting addition for copy trading ( this isn’t available in the UK though) which not a lot of brokers, apart from eToro, include in their offering. This allows you to invest in a trader of your choosing and take a share of any profits they manage to generate.
Aside from forex brokers who “A-Book” or “B-Book”, you might also come across the term “C-Book”. When planning your trade, it is important to understand the potential profit or loss of a trade. Our Forex profit loss calculator can be used as a take profit or stop loss calculator whether you’re actually using sl/tp values or closing the trade manually. If you wish to calculate your profit with a more advanced calculator to include the exact risk you wish to use, head over to our position size calculator. Using these small units to measure price movement can also protect inexperienced traders from big losses. A fractional pip or ‘pipette’ is 1/10th of the value of a standard pip and can give you tighter spreads and a better understanding of a currency’s price movements.
Once all the documents had been received, our account was ready for trading within one day. However, unlike the desktop version of the platform, the design is clean, and it is easy https://xcritical.pro/ to use. Additionally, the search functionality is far superior – you can search for products easily by typing the name of the product or by navigating the category folders.