FXTM Information

FXTM (Forex Time), established in 2011, is a globally recognized forex and CFD broker regulated by both the Financial Services Commission (FSC) of Mauritius and the Financial Conduct Authority (FCA) in the UK. The company serves over 2 million clients across 150 countries, offering services in 18 languages. FXTM provides a diverse range of trading instruments including forex, metals, commodities, stocks, indices, cryptocurrencies, and various CFD products. The platform is known for its cost-effective trading solutions with competitive variable spreads that can reach as low as 0 pips. Traders can access the market through its user-friendly MT4 and MT5 trading platforms, available on desktop, web, and mobile devices, enabling convenient trading anytime and anywhere.

FXTM Pros and Cons

Is FXTM Legit?

FXTM operates under a strong regulatory frame, and it has several entities that are regulated in different jurisdictions:

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
	FCA	Exinity UK Ltd	Straight Through Processing (STP)	777911	Regulated
	FSC	EXINITY LIMITED	Retail Forex License	C113012295	Offshore regulated

Market Instruments

FXTM offers over varioustradable instruments, covering forex, metals, commodities, stocks, indices, cryptocurrencies, and CFDs. However, this broker does not currently support trading on futures, options, and ETFs.

Account Type

FXTM offers three different types of trading accounts, which are the Advantage account, the Advantage Plus, and the Advantage Stocksaccount. All accounts require a minimum deposit requirement of 200. Each account type has its own unique features and benefits, such as different spreads, commissions, and trading instruments.

Demo Account

FXTM offers demo accounts for all its account types. These demo accounts allow traders to test their trading strategies in a risk-free environment using virtual funds. Demo accounts are also useful for new traders who want to learn how to trade before committing real money to live trading.

How to Open an Account?

• To open an account with FXTM, you first need to visit their website and click on the “OPEN ACCOUNT” button on the top right-hand corner of the page.

• This will take you to the account registration page where you will need to fill out some basic personal information like your name, email address, and phone number.

• Next, you will be asked to choose the type of account you want to open. FXTM offers three main account types - Advantage, Advantage Plus, Advantage Stocks, each with its own features and benefits. You will also need to select the base currency of your account and agree to the terms and conditions of the broker.
• Once you have selected your account type and base currency, you will be prompted to provide some additional personal information like your date of birth, occupation, and address. You will also need to answer a few questions about your trading experience and investment goals.
• After you have completed the registration process, you will need to verify your account by providing some additional documents like a copy of your ID or passport and a proof of address like a utility bill or bank statement.
• Finally, once your account is verified, you can then make your first deposit and start trading.

Leverage

FXTM offers leverage of up to 1:3000. It's recommended to use leverage wisely and only trade with funds you can afford to lose.

Spread and Commission

For the Advantage account, the spreads start from 0.0 pips, and $3.5 per lot traded on FX is charged. For the Advantage Plus account, the spreads start from 1.5 pips, but no commission. For the Advantage Stocks account, the spreads start from 6 cents, but no commission.

The spreads offered by FXTM are typically lower than those offered by many other brokers in the industry, particularly on the Advantage account. The Advantage Plus account, however, has slightly higher spreads, which is to be expected due to no commissions.

Trading Platform

FXTM offers three chocies of trading platforms, including the popular MetaTrader 4 and 5 platforms, as well as their proprietary mobile trading app.

FXTM Copy Trading

FXTM Invest is an advanced copy trading feature offered by FXTM, designed to make trading accessible to investors of all experience levels. With a low entry threshold of just $100, this platform allows users to automatically replicate the trades of experienced Strategy Managers. FXTM Invest stands out for its attractive pricing model, offering zero spreads on major FX pairs and a performance-based fee structure where investors only pay when their chosen Strategy Manager generates profits.

The process of getting started with FXTM Invest is streamlined into five simple steps: signing up or logging in to MyFXTM, selecting a Strategy Manager, opening an Invest account, making a deposit, and then watching as the system automatically copies your chosen manager's trades. This user-friendly approach, combined with the ability to maintain full control over your funds, makes FXTM Invest an appealing option for those looking to tap into the forex market with the guidance of seasoned professionals.

Deposit and Withdrawal

FXTM offers a variety of deposit and withdrawal options for its clients. Traders can deposit funds into their trading account using Kenyan/local transfers (local Indian payment methods: UPI and Netbanking, local Nigerian instant bank transfers, equity bank transfer, Ghanaian local transfer, Africa local solutions, M-Pesa, FasaPay, TC Pay Wallet), credit cards (Visa, MasterCard, Maestro, Google Pay), e-wallets (GlobePay, Skrill PayRedeem, Perfect Money, Neteller), and bank wire transfer.

FXTM charges €/£/$3 or ₦ 2,500 fee for any deposit under €/£/$30 or ₦25,000.

Educational Resources

FXTM offers various free educational resources including glossary, market analysis and guides.

Besides, their educational resoucres are friendly both for beginners and professionals.

For example, trading basics are suitable for beginners who want to learn some basics, while advanced guides are more suitable for traders who are experienced.

Customer Support

FXTM is known for providing excellent customer support to its clients, including live chat, contact form and phone. The customer support team is available 24/5 and is multilingual, which means clients can communicate with them in their preferred language.

Here are their headquarters and other office locations.

FXTM also provides an extensive Help Center section on their website that covers various topics, such as account opening, deposit and withdrawal methods, trading platforms, and more. This section is helpful for clients who prefer to find answers to their questions without contacting the support team.

Conclusion

To sum up, FXTM is a well-regulated and respected forex broker with a wide range of market instruments, competitive trading conditions, and user-friendly trading platforms. FXTM's customer support is also responsive and helpful, and their free educational resources are very useful for both novice and experienced traders.

FAQs

Is FXTM legit?

Yes, FXTM is regulated by FCA and FSC (Offshore).

What trading instruments are available on FXTM?

FXTM offers a range of trading instruments including forex, metals, commodities, stocks, indices, cryptocurrencies, and CFDs.

What is the minimum deposit required to open an account on FXTM?

$/€/£/₦200

What trading platforms are available on FXTM?

FXTM offers three chocies of trading platforms including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as mobile trading.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

PU Prime Information

PU Prime is a forex and CFD broker founded in 2015 and headquartered in Australia. The broker provides global traders with access to a wide range of financial instruments including Forex, Indices, Commodities, Cryptocurrencies, Metals, Shares, Bonds, and ETFs.

PU Prime operates under multiple regulatory frameworks across different jurisdictions. The broker is regulated by the Australian Securities and Investments Commission (ASIC), the Financial Services Authority (FSA) in Seychelles, the Financial Services Commission (FSC) in Mauritius, the Financial Sector Conduct Authority (FSCA) of South Africa (License No. 52218), and also references regulatory oversight from the Capital Markets Authority (CMA).

PU Prime offers several account types including Cent, Standard, Prime, ECN, and Islamic accounts, designed to meet the needs of traders with different experience levels and trading strategies. Each account type features varying spreads, leverage levels, and deposit requirements.

Leverage offered by PU Prime ranges from 1:500 to 1:1000, and the minimum deposit required to open a Cent account starts from $20, making the broker accessible to beginner traders.

Is PU Prime Legit?

PU Prime is regulated across several jurisdictions. The broker holds regulatory oversight from the Australian Securities and Investments Commission (ASIC) under a Market Making (MM) license. It is also regulated by the Financial Services Authority (FSA) in Seychelles with an offshore derivatives trading license and the Financial Services Commission (FSC) in Mauritius with an active securities trading license.

In addition, PU Prime references regulatory coverage from the Financial Sector Conduct Authority (FSCA) of South Africa (License No. 52218) and the Capital Markets Authority (CMA), further strengthening its global regulatory presence.

Pros and Cons

Market Intruments

PU Prime offers some popular instruments, including popular currency pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs.

In addition to forex, PU Prime also provides access to a variety of indices, such as the S&P 500, FTSE 100, and NASDAQ, allowing traders to diversify their portfolios and take advantage of global market movements. Commodity trading is also available with PU Prime, featuring popular options such as gold, silver, crude oil, and natural gas.

Cryptocurrency enthusiasts can trade popular digital assets such as Bitcoin, Ethereum, Litecoin, and Ripple. PU Prime also offers metal trading, allowing clients to trade silver and gold, as well as stock trading, including a variety of shares from top companies such as Amazon, Apple, and Microsoft.

Furthermore, PU Prime provides bond trading and access to exchange-traded funds (ETFs) to offer even more investment opportunities.

Account Types

As for trading accounts, four options are available: Cent, Standard, Prime, and ECN.

All account types offer high leverage (up to 1000x), support MT4/MT5 platforms, and mobile apps, with most available as Islamic accounts. The Standard and Cent accounts are suitable for beginners and low-risk traders, with low minimum deposits and no commission fees. The Prime and ECN accounts cater to high-frequency traders, offering lower spreads and faster execution but requiring higher minimum deposits and charging commissions. The ECN account provides quotes directly from tier-1 liquidity providers and is also available as an Islamic (swap-free) account.

Fees

PU Prime offers different fees based on account types (Standard, Prime, ECN).

For Forex trading, spreads range from 1.6 pips for Standard accounts to 0.2 pips for Prime accounts.

Commission fees are applied for Prime and ECN accounts, while Standard accounts have no commission.

Swaps vary by product, with positive or negative charges depending on the position (long or short).

Example：

• AUDUSD (Australian Dollar vs US Dollar)
• Spread: 1.6 pips (Standard), 0.2 pips (Prime), 1 pip (ECN)
• Commission: None for Standard, commission rates are applied for Prime and ECN accounts.
• Swap (Long/Short): -0.81 (Long), -0.15 (Short)
• Max Leverage: 1000

Trading Platform

PU Prime offers three choices of the most popular trading platforms in the industry: MT4, MT5, PU Web Trader, PU Prime App. Both platforms are available for desktop and mobile devices and come with advanced charting tools, technical indicators, and a wide range of customization options.

Deposit & Withdrawal

PU Prime offers over 10 deposit and withdrawal methods to its clients. The available methods include bank wire transfer, credit/debit cards (Visa and Mastercard), electronic payment systems (Skrill, Neteller, Fasapay, Sticpay, Bitwallet, America Express, VLoad, AstroPay, and more), and local payment methods. PU Prime does not charge any deposit fees, and the minimum deposit amount varies depending on the account type, starting from $10 for the Cent account.

Withdrawals are typically processed within 24 hours, and there are no withdrawal fees for most of the methods. However, some third-party payment providers may charge a fee, which will be deducted from the client's account balance. PU Prime requires clients to withdraw funds using the same payment method that was used for depositing, up to the deposited amount. If the withdrawal amount exceeds the deposited amount, clients can choose a different withdrawal method.

PU Prime Copy Trading

PU Prime's copy trading feature, available through the PU Prime App, enhances the trading experience, especially for those who are new to financial markets.

Through the PU Prime App, users can easily select and follow experienced master traders. By copying the strategies of professional traders, users can automatically replicate trades in their own accounts.

Simply choose a professional trader within the app and start copying their trades to potentially achieve similar trading results.

This feature simplifies the learning curve and allows traders to benefit from the expertise of experienced market participants.

Customer Support

PU Prime provides customer support through multiple channels, including phone, email, and live chat. The customer support team is available 24/7. They are responsive and knowledgeable, and can assist with various account-related inquiries such as account opening, funding, and technical issues with the trading platform. In addition, the broker has a comprehensive FAQ section on its website that covers a wide range of topics, including account types, trading instruments, trading platforms, funding, and more.

Conclusion

PU Prime is a well-regulated Australian broker that offers a wide range of trading instruments, competitive spreads, and multiple account types to satisfy the needs of different traders. The broker's MetaTrader 4 and 5 platforms are user-friendly and customizable, and the availability of Autochartist is a valuable addition to technical analysis.

However, the minimum deposit required to open some account with PU Prime is relatively high, and the broker's non-trading fees can be quite steep.

FAQs

What tradable instruments does PU Prime offer?

PU Prime offers access to popular trading instruments, including forex, indices, commodities, cryptocurrencies, metals, shares, bonds, and ETFs.

What is Autochartist and does PU Prime offer it?

Autochartist is a tool that helps traders analyze market data and identify potential trading opportunities. PU Prime offers Autochartist to its clients.

Is PU Prime good for beginners?

Yes, Pu Prime is a solid choice for beginners, as it is a strictly regulated broker that allows low-budget trading, and it also offers both MT4 and MT5 and solid educational contents.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors.