|Journal status: |
- Full listing profile: FXTM broker profile
Is FXTM safe?
- Investor protection: Financialcommission.org
- Regulation: FSC Mauritius, CySEC Cyprus, FCA UK
- Registration: Financialcommission.org
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is FXTM trusted?
- Information transparency: limited
- Customer service: prompt, helpful
- FXTM website: highly detailed, updated
- FXTM popularity (by visitor count): top visited
How FXTM works
General terms 4.8 In relation to any Transaction, the Company acts as Principal for any duly regulated counterparty...
10.2 The Company shall not be obliged to, but may, at its absolute discretion, execute as Principal and/or as Matched Principal in relation to Stock Trading, the Client’s Requests and Instructions in respect of any Instrument out of normal trading hours specified in the Contract Specifications for that particular Instrument.
2.5. Quotes which the Client receives through the Client Terminal for the Instruments quoted in the Request Execution mode are indicative only. In response to the Request, a Dealer may offer a Quote which differs from these Indicative Quotes.
2.6. The Company at its sole discretion shall specify the current market price.
5.26. If there is enough liquidity to hedge the trade with Liquidity Providers at the Order Level adjusted by the cost of hedging, the Company executes Buy Stop, Sell Stop and Stop Loss Orders at the Order Level.
5.27. If there is not enough liquidity to hedge the trade with Liquidity Providers at the Order Level adjusted by the costs of hedging, the Company executes Buy Stop, Sell Stop and Stop Loss Orders at the price at which the Company has hedged the trade. The Company has the right to adjust this price to reflect the cost of hedging. The Client acknowledges that the execution price may differ from the Order Level.
5.28. Pending Order can be executed partially if there is not enough Liquidity to hedge the trade with Liquidity Providers at the Order Level. In case of insufficient Liquidity from Liquidity Providers for the full execution of an Order at the Order Level, the Order shall be executed partially and new Pending Order shall be issued with the originally specified parameters on unfilled amount. Under Abnormal Market Conditions, the Company reserves the right to reject any Pending Order.
MT4 ECN accounts
The Advantages of an ECN Account:
Full transparency since the broker directly connects your orders to other market participants
NDD (No Dealing Desk) technology ensures that there will be no re-quotes
Very low or even no spreads during times of high market volatility
The high price volatility makes for a great environment for scalping
2.1. The Company will recalculate Quotes for all Instruments in real time, based on market conditions and streaming prices/liquidity received from Liquidity Providers, and will periodically send to the Client some of these Quotes as Market Snapshots.
2.2. Client shall receive quotes through his/her Client Terminal in MyFXTM. All Quotes shall represent the best possible available Bid and Ask price on the market at the time, as this may be provided by the Company's Liquidity Provider(s).
2.6. The Company at its sole discretion will specify the current market price. The execution of the order as per the market execution model will based on the available market depth where all the prices in the market depth have the respective liquidity behind them. Market depth depends on the liquidity of each instrument and may vary based on the period and the market conditions.
2.8. In the circumstances listed below, the Company may decline an Instruction, with the result that the “Off quotes” message appears in the Client Terminal if:
a) the Instruction precedes the first Quote in the Trading Platform on the Market Opening;
b) the Company is not able to hedge the trade with a Liquidity Provider; or
c) the Client’s Free Margin is less than the Initial Margin.
5.27. Pending Order can be executed partially if there is not enough liquidity to hedge the trade with Liquidity Providers at the Order Level.
5.28. In the cases where insufficient liquidity exists at the order level and/or the order level falls within a price gap at market opening and/or during the quote(s) flow, the Company, in its sole and absolute discretion, may execute Buy Limit, Sell Limit and Take Profit orders at the requested price at the moment the order is executed.
The Client acknowledges, agrees and consents herein that in the cases where the Stop Out is executed by the Company, the Stop Out shall be executed at the price at which the Company has hedged the position and the price shall be adjusted by the Company, in its sole and absolute discretion in order to reflect such hedging cost(s).