FXTM Trader is a state-of-the-art app which is gaining popularity in India. This comprehensive system has everything a trader needs, from live quotes to withdrawals. Here is an overview of the app, which is available from the App Store and Google Play.
Key Features of the Platform
The platform is packed with useful tools. No extra downloads are necessary — everything is accessible from one place. Here is what the FXTM Trader app can offer.
Streaming prices let you monitor the market at a glance. Users can assemble diversified portfolios to maximize returns and minimize risk. Over 250 instruments are offered, including:
- Major, Minor and Exotic currency pairs
- Spot metals (gold and silver)
- CFDs on stocks (180 options)
- CFDs on commodities (crude oil benchmarks like Brent, US natural gas, etc.)
- CFDs on market indices (US, European, Australian and Asian markets)
- CFDs on cryptocurrencies (Bitcoin, Ethereum and Litecoin)
The app gives instant access to live quotes, news and indicators. Both fundamental and technical analysts will find it convenient and informative. They can stick to their usual methods of analysis, and place trades quickly. Experienced users can boost their buying power through the broker’s leverage system.
It is easy to open, modify and close positions. One-click trading ensures quick buying and selling. The app accelerates trading action in many ways. Thanks to cross-platform functionality, you can also access the system from different devices. The same trade may be initiated from a laptop and closed via the app or vice versa.
The more advanced features include the ForexTime FXTM Pivot Points Strategy. The tool allows traders to identify the best position on different instruments through complex five-point calculations.
The app gives instant access to account information. Users can make deposits and request withdrawals through the app. It is easy to monitor funds. The Trading Dashboard reflects details like their balance, margin, profit, etc.
Demo and Live
The demo mode is an important feature of the best Forex trading software. Newbies should have an opportunity to practise in a risk-free system that mimics real trades. The app allows them to gain experience before putting deposits at stake.
Clients have access to a rich educational library. They may browse through articles, ebooks, tutorials, webinars, and glossaries of Forex terms. Every week, the broker presents new analytical videos that cover market trends and strategies.
Easy to Begin
The app is intuitive and easy to navigate. New and existing clients need only a few steps to get started. Those who have a live trading account can sign in and start trading immediately. Newbies should register a Demo or Live account with the broker first. Enter your login and password, and let trading action commence!
Read also: Best Forex Copy Trading Service
Access to FXTM Support
Excellent customer service is a must for a reputable Forex brand. This platform allows you to get assistance from ForexTime 24/7. Send your inquiry by email, type it in the Live Chat, or make a phone call. Instant messaging through WhatsApp and Telegram is also supported. Every user can contact the FXTM staff through the most convenient channel.
Applicable Forex Regulation
One of the strengths of this broker is the licensing aspect. FXTM is a group of companies. Each of the entities is authorized and licensed in a certain jurisdiction. The broker’s operations are overseen by the CySEC, the FCA, the FCSA and other financial watchdogs. It does not render services in the USA.
The company complies with industry norms, such as negative balance protection, protection of traders’ deposits, etc. Clients are eligible for compensation if the broker becomes insolvent. They can also be sure their losses will never exceed their balance. Traders in India must be extremely careful when choosing a broker, as Forex scams are widespread.
Types of Accounts
Users can choose from 6 account types: 3 Standard and 3 ECN options. Cent accounts may be opened with just $10. The deposit requirements are the highest on the FXTM Pro Account, where you need $25,000 to begin. Overall, there is an option for every budget.
Conclusion: Using the FXTM App
This app is one of the best products for Forex traders in India. It is responsive and easy to navigate, with live quotes and 1-click trading. Price charts, news alerts and other handy features allow you to make quick and profitable decisions. Thanks to affordable deposit requirements, it is convenient for newbies and experts alike.