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The trading takes place with contracts for difference (CFDs) which allow traders to speculate on the price of the currency, without owning or taking physical delivery of it.
Forex is one of the most volatile markets in which to trade, offering traders the potential to make big gains but also exposing them to large losses if they don’t approach trading in a methodical manner.
The first step on your journey towards becoming a successful forex trader is to get some forex trading education via a good forex trading course. A forex trading course will teach you all about how the market works and can provide an opportunity to gain hands-on experience via a practice account before you actually start trading with real money.
If you are looking for a place to start trading forex, and want to trade on a platform designed specifically for traders, FXTM might be your best choice. FXTM Minimum Deposit is 10 USD
FXTM’s forex trading platform can be easily accessed from anywhere in the world and you are not required to open an account before you start trading. Simply click Create FREE Account, enter your details and you will be ready to start trading with $10.
FXTM prides itself on offering traders of all levels a premier online trading experience. Trade Forex, CFDs, Stocks, ETFs, and Cryptocurrencies with award-winning trading platforms from MetaTrader 4 and cTrader to fast execution and state-of-the-art technology.
FXTM is one of the most reliable Forex brokers available on the market today. They enable traders worldwide to trade more than 200 currencies, commodities, and indices. The company offers over 160 instruments for trading, for free and no hidden commissions.
How to Send Money on FXTM
The deposit process on FXTM is very simple and secure. There are a number of payment methods available on the platform, so you can choose one which suits your needs. Withdrawals are also free and quick with FXTM.
The process of depositing money on FXTM is very simple and secure. There are a number of payment methods available on the platform so that you can choose one which suits your needs. Withdrawals are also free and quick with FXTM. Check out FXTM Nigeria
The first thing you need to do is to open an account with FXTM. Once your account is confirmed, you can make a deposit and start trading.
At the moment, FXTM offers 54 different payment methods that you can use to fund your account. These include bank wire transfers, credit/debit cards, e-wallets and many more.
You should bear in mind that certain payment methods are more suitable for deposits while others are better used for withdrawals.
To make a deposit, please log in to your myFXTM account and click on the “Deposit” button in the top right-hand corner.
Choose your preferred deposit method from the drop-down menu and follow the instructions.
Please note that you will be able to make deposits only in the currency of your FXTM trading account.
What is the maximum leverage available?
Leverage is a means to increase the potential of your trades, allowing you to place larger positions with a smaller investment. FXTM offers leverage up to 1:1000 which allows you to take advantage of market volatility and multiply your investments by 1000 times.
For example, if your margin is $500 (1% of the position) and you open a trade with 1:1000 leverage, you will be trading $500,000. This means that even if the price goes up or down just 1 pip you will be making $10 or losing $10.
Note: Leverage can work both for and against you. It magnifies both profits and losses.
Conclusions
FXTM is a good broker to begin your trading journey as you can find a number of advantages. The broker offers 20 markets for trading, advanced charting tools and an abundance of educational material. Above all, FXTM provides trade management services such as margin trading and advanced leverage possibilities, thus giving traders complete control over the entire trading process and maximizing potential profits.
Just like the first time, FXTM remains the best option in terms of functionality and cost. However, with a minimum deposit fee of $10, it also remains the most expensive option in our rankings. That shouldn’t be surprising; after all, it is the most broadly used forex broker on the market and this fact is reflected in many ways.
