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Yet, remember that correct leverage should be set to various instruments, as it may increase your risk level and potential losses as well. Therefore, FXTM leverage is determined by various measures and firstly set according to the regulatory requirement in the region or another.

And then is also based on the trader experience and knowledge, so always check with customer support team first which one is applicable for you. So if you would like to operate under higher leverage ratios like , or even you may open an FXTM account under a particular entity that allows such high leverage levels , which is offered by the global brand.

Then there is a further split to your preference of the trading transactions, instrument and the trading size, which all in all offers you 3 Account types — Micro, Advantage and Advantage Plus. See brokers with micro accounts. Advantage Plus Account — partner account with zero commission spread only , and spreads from 1. In this FXTM review we will cover Forextime offering in detail so you would understand conditions better.

FXTM accepts clients from almost every world country, however there are might be some restrictions due to regulations alike implemented for residents of Japan, USA, etc. So step by step process of opening requires you to follow the FXTM sign-in link where you will be guided through a quite simple process of opening step by step.

Answer online questioner about your trading knowledge and expectations Select the account type Verify your account by upload of your identity confirmation. These may include a residential proof, copy of your ID, bank statement etc. The proof of residence must clearly show your names and the address you used to register your FXTM account. From the drop-down, select the person in whose names the proof of residence is in. You can also read our comprehensive guide on how to choose a good forex broker.

Regulation — As a trader, your deposits must be safe. Only regulated brokers can give that assurance. They are required to meet stringent conditions before they are licensed. This protects your money. Withdrawal and deposit methods.

Once you are sure that your money is secure, you want to know how fast and conveniently you can deposit and withdraw your money. Almost all these broker have the standard deposit and withdraw methods — VISA, Wire transfer — but those that go the extra mile to provide local withdrawal methods like Mobile Money win.

For scalpers, you want to trade with a broker who provides the tightest spreads and lowest commissions possible. Platform and trading tools — The weapons of warfare to a trader are their laptop or computer or mobile phone, running the right trading platforms and trading tools. Always trade with a broker who provides the platforms and tools you are most comfortable trading with.

All the above brokers come with Metatrader 4 as the standard.