Top5 Brokers for Cryptocurrency Trading
[TS_Advanced_Tables id=”4″ table_formatting=”metadata” table_scope=”none” show_name=”false” show_info=”false” show_comments=”false” table_shortcodes=”true” preloader_use=”false” header_use=”false” footer_use=”false” columns_widthlimit=”false” responsive_type=”flexflow” responsive_switch=”640″ tablesaw_sortswitch=”true” styling_customize=”true” styling_size_head=”16″ styling_weight_head=”bold” styling_transform_head=”none” styling_size_body=”13″ styling_weight_body=”normal” styling_transform_body=”none” styling_size_foot=”16″ styling_weight_foot=”bold” styling_transform_foot=”none” margin_top=”0″ margin_bottom=”0″]
FXTM Review |Â FXTM Cryptocurrencies Trading Details
FXTM is a global online broker originally launched in 2011 as part of an effort to provide excellent trading conditions and better education to the local trading community.
The broker today has a local presence in many parts of the world, with a focus on European and African cities.
FXTM group includes four companies.
- FXTM UK – located in the United Kindom, regulated by the Financial Conduct Authority (FCA).
- FXTM CY – located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
- FXTM SA – located in South Africa, regulated by the Financial Sector Conduct Authority (FSCA).
- FXTM MU – located in Mauritius, regulated by the Financial Services Commission (FSC).
FXTM Cryptocurrencies Trading conditions
FXTM extended its CFD offering to cover cryptocurrencies following the lead of several other brokers in the industry and following Cyprus Securities and Exchange Commission new set of guidelines for crypto trading.
The cryptocurrency pairs offered by FXTM at the moment is same what limited, FXTM has announced that they will build their cryptocurrency portfolio soon.
BTCUSD & ETHUSD Contract specifications
| BTCUSD | ETHUSD | ||
| Typical Spreads | 200 | Typical Spreads | 200 |
| Lot Size | 1 | Lot Size | 1 |
| Minimum Contract | 0.01 | Minimum Contract | 0.01 |
| Maximum Contract | 10 | Maximum Contract | 10 |
| Price Minimum Increment | 0.1 | Price Minimum Increment | 0.01 |
| Hedged Margin | – | Pip Value per 0.01 lot | – |
| Swap Short, USD per 1 lot | -6 | Swap Short | -0.3 |
| Swap Long, USD per 1 lot | -10 | Swap Long | -0.5 |
| Opening | 0:05:00 | Opening | 0:05:00 |
| Closing, Friday | 23:55:00 | Closing | 23:55:00 |
| Swap Free (Daily Fee), USD per lot | -8.5 | Swap Free (Daily Fee), USD per lot | -0.25 |
| Swap Free days allowance | 2 | Swap Free days allowance | 2 |
LTCUSD & XRPUSD Contract specifications
| LTCUSD | XRPUSD | ||
| Typical Spreads | 400 | Minimum Spreads | – |
| Lot Size | 1 | Typical Spreads | 1000 |
| Minimum Contract | 0.01 | Lot Size | 100 |
| Maximum Contract | 10 | Minimum Contract | 0.01 |
| Price Minimum Increment | 0.001 | Maximum Contract | 10 |
| Price Minimum Increment | 0.0001 | ||
| Swap Short | -0.09 | Swap Short | -0.38 |
| Swap Long | -0.11 | Swap Long | -0.38 |
| Opening | 0:05:00 | Opening | 1:00:00 |
| Closing | 23:55:00 | Closing | 23:45:00 |
| Swap Free (Daily Fee), USD per lot | -0.15 | Swap Free (Daily Fee), USD per lot | -0.65 |
| Swap Free days allowance | 2 | Swap Free days allowance | 2 |
FXTM Trading Platforms
MetaTrader 4 (MT4) Platform
MetaTrader4 is the industry’s favourite trading platform for the last 10m years.
this is because of its amazing features, like
- Automated Trading ( AlgoTrading)/ Expert Advisors: MT4 allows automated trading practises via their expert advisors feature. It allows traders to automate their trading processes as per their requirements.
- User-friendly: Suitable for a novice or a professional trader; this platform has an easy to navigate interface and functionality.
- Access to all major trading instruments: The platform aggregates different instruments in one platform for easy access and quality trading experience.
- Multi-currency/ language support: the platform provides multi-currency transactions and assistance in various localised languages.
- Security: MT4 uses a 128bit encryption key to encrypt all the data that is transmitted between the MT4 client and the server and hence is renowned for its security capabilities within the trading community.
MetaTrader 5 (MT5) Platform
MetaTrader5 was launched in 2012 and never really got started the same way as MetaTrader 4 was. This is now slowly changing as Metaquotes ( developer of these platforms) is pushing this platform to the front.
The MT5 provides excellent functionality and navigation regardless of the device it is accessed from. Be it a browser, desktop or tablet – platform is just outstanding on any device. By choosing the most convenient way from a variety of options, the traders can trade 24 hours a day!
An excellent selection of expert advisors,  Freelance database of strategy developers, Copy Trading and the Virtual Hosting service (Forex VPS) is what MetaTrader 5 provides. In addition to the above, the platform is enhanced with an excellent selection of technical indicators.
FXTM Account Types
The trading accounts can be divided into two main types of accounts – Standard and ECN accounts. There are three types of standard trading accounts and three types of ENC accounts that FXTM provides.
