Is FXTM documentary trading right for you??
Follow-up trading in FXTM Invest is very simple and safe. Investors can choose the best strategy manager with advanced search filters and start earning income for only $100。
Follow-up trading in FXTM Invest is very simple and safe. Investors can choose the best strategy manager with advanced search filters and start earning income for only $100。
In today's era, the foreign exchange trading industry is developing rapidly based on technology, making foreign exchange the largest financial market in the world.。Millions of people from all backgrounds and ages have decided to join and participate in Forex trading, and as a result, many brokers are racing to win the hearts and minds of their clients with a variety of innovative techniques to drive significant growth momentum around the world.。One of the most popular alternative technologies today is documentary trading。
Forex Time, or better known as FXTM Broker, is one of the world's leading companies, having developed and launched a documentary trading platform in February 2016 that allows both novice and experienced clients to make a profit without sufficient independent trading knowledge.。Read on to learn more about FXTM documentary trading and whether the app is secure and suitable for the platform of your choice。
FXTM Invest Documentary Trading
FXTM is a leading market maker / ECN broker with offices around the world and licensed in the UK and Cyprus。The company offers a satisfying and convenient follow-up trading service called "FXTM Invest" where new users can observe and trade with successful traders and learn their strategies.。
What is FXTM Invest?
FXTM Invest is a program with a flexible documentary trading system for beginners and experienced traders who want to try new things。The system is powerful and can support new users who do not yet have trading expertise and skills。
FXTM Invest allows investors to select strategy managers from a list of top traders。Once the investor has deposited a minimum deposit of $100 / GBP / EUR, the account will be activated with the freedom to choose the trades of the Documentary Strategy Manager。
With FXTM Invest, investors can follow the right strategy in the hope of making a profit, while strategy managers can earn extra income by earning commissions from investors。To date, more than 600 strategy managers have been waiting to be selected.。Arguably, FXTM Invest is a win-win for investors and managers, as each client earns a return based on each trade。
FXTM Invest is available on the MetaTrader 4 platform with flexible leverage of up to 1: 1000 for micro accounts and up to 1: 2000 for market execution accounts。As for the available markets, FXTM Invest supports over 250 instruments in the Forex, Equity and CFD markets。
Fees and spreads
Each manager has a commission, called a "follow-up fee," which is usually 30 to 40 per cent of the profit earned, with an average spread in EUR / USD from 1.Start at 3: 00。However, spreads are likely to widen or tighten depending on volume and market volatility。
deposit and withdrawal
Before enjoying a documentary transaction with FXTM Invest, the user must deposit and the payment must be sent to a separately created account。
Can deposit or withdraw money using wire transfers, debit / credit cards, Neteller, Skrill, FasaPay, WebMoney, Yandex Money, QIWI, Perfect Money, and Bitcoin。As an investor, you can fund your account after Subscription Manager or using the Account Overview menu。
Tips for Finding the Right Forex Trader
As an investor, you can view the strategy manager's profile or choose from a list of current high earners。FXTM Invest will continue to update its list of Strategy Managers based on the ratings reviewed by specific classifications。The investor's task is to choose the best account that matches his strategy, objectives and risk tolerance.。There are several tips for choosing a strategy manager, including:
- Select by Score
FXTM Invest will provide a list of strategy managers starting from the highest ranking, but if you want to see the list of managers without ratings, you can disable the "Top Manager Strategy" option。The statistical indicators that can be seen in the list of managers are yield, daily documentary, risk level, number of account followers, total funds under management, etc.。
Select according to certain filters
Investors can customize filters based on historical returns, open days, risk levels, and funds under management。Criteria can be sorted from "high to low" or "low to high" as needed。
Select according to key indicators
FXTM Invest provides 6 key metrics to select a strategy manager, namely minimum number of followers, minimum return percentage, maximum profit sharing percentage, maximum withdrawal percentage, maximum risk level and minimum account life (by month)。
In addition, investors can select specific Strategy Manager accounts by clicking on "Search."。Once you have found an account you may be interested in, you must view the account you want to follow correctly。By clicking on the name, you will jump to a specific page that displays key statistics and a return chart showing the profit margin of the account in different periods to understand the trading advantages and disadvantages of the strategy manager。
It is worth mentioning that FXTM Invest is not only a documentary trading platform, but also has the function of a social network.。By focusing on the strategy manager, you can understand the changes in the trading market that the strategy manager exposes。
How to start documentary trading at FXTM
Opening an account in the FXTM documentary trading system is very fast, it takes about 10 minutes to perform the following steps:
- Go to the official FXTM page and click on the FXTM Investments tab menu。
You will be guided to open an account with two options, namely become an investor or become a strategy manager, if you want to follow the strategies of other traders, choose the first option。
Select the right strategy provider for documentary。Click on the profile and click on the "Invest" button。
After that, the platform will ask you to confirm the operation。Note the currency used and the cost of the Strategy Manager, click the Open button。
Please complete the investment procedure and inject capital into the investment account。
Is FXTM Documentary Transaction Safe??
Headquartered in Cyprus, FXTM is authorised by several jurisdictions, including the Cyprus Securities and Exchange Commission (CySEC) (licence number 185 / 12), the UK Financial Conduct Authority (FCA) (licence number 600475) and the South African Financial Services Commission (FSC) (licence number 46614).。
EU and UK clients also enjoy additional protection as brokers are members of the Deposit Guarantee Fund。Therefore, FXTM is considered a safe and reliable broker as a documentary trading provider.。
Originally launched in 2011, FXTM's unique vision is to offer unparalleled superior trading conditions.。Opening an account with FXTM also gives you access to advanced education and advanced trading tools in the Forex industry。
FXTM is now registered with the UK Financial Conduct Authority with registration number 600475, the company is also regulated by the Cyprus Securities and Exchange Commission with CIF licence number 185 / 12 and licensed by the South African Financial Conduct Authority (FSCA) with FSP number 46614.。
FXTM has 1 million registered accounts and more traders join every day。The company continues to strive to improve its performance and has won many awards such as the World Finance Award for Best Trading Experience 2019, the International Finance Award for Best Online Forex Trading Company in Nigeria 2018, the Hexun 2018 Reputable Investor Education Forex Broker Award, Fxeye.Com 2018 China Foreign Exchange Brand Award, etc.。
As a responsible broker, FXTM determines leverage (expressed as a ratio of trade size relative to the trader's purchasing power) based on the trader's trading knowledge and experience level, and evaluates it through an appropriateness assessment. It also supports leveraged trades up to 1: 1000。
As for spreads, FXTM offers 0.The low spread from 1 o'clock, so traders can withdraw profits at the beginning of the trade。With headquarters in several countries, the company uses No Trading Desk (NDD) technology and works with reliable liquidity providers to deliver the best bid and ask prices.。
For beginners, there is an automated trading tool called algorithmic trading。Traders can develop their own trading strategies or adopt the strategies of other traders when trading at FXTM。In addition, the strategy is also applied to automated trading systems, such as smart trading systems, so that traders don't have to worry about losing opportunities without observing the market and still make profits。
Three types of ECN accounts using MT4 and MT5 trading platforms。There are also mobile and tablet app trading platforms。In addition to offering multiple account variants, FXTM also makes every effort to ensure that customers receive the excellent support they deserve, so that their trading experience is optimal and user-friendly。
FXTM also offers a variety of products, in addition to more than 50 foreign currencies, gold, silver, commodity futures (oil) CFDs, ETF CFDs and indices.。
The broker also provides education on basic concepts of the forex industry。Traders can read all the concepts offered in the form of e-books, video tutorials, articles, webinars and forex seminars。The FXTM website is available in 17 languages for traders to understand Forex。
Traders can also choose from a variety of payment methods, including credit cards (Visa, Mastercard, Maestro) and e-wallets (Neteller, Skrill, Western Union)。For withdrawal of funds, traders do not have to pay a fee of 2 hours to 2 days。Traders can ask further questions via live chat and contact the administrator via email, FXTM has a question and answer page on Forex trading。
Conclusion
FXTM Documentary Trading or FXTM Invest provides a powerful documentary trading system that is useful for beginner traders who do not yet have the trading expertise and skills to choose from, offering about 600 strategy managers to choose from, and the amount is quite competitive compared to other brokers offering the same documentary trading services.。
In addition, FXTM Invest allows investors to choose a strategy manager from a list of top traders, and traders can enter the trading world for as little as $100.。
Although this feature can be used to increase profits, investors are always advised to make cautious decisions because there is no guarantee that they will always make 100% profits; they should also consider their expenses of around 30% to 40% of profits.。In order to remain profitable, investors should carefully select strategy managers with good odds and reliable risk-return ratios。
FXTM is a leading trading service provider dedicated to supporting forex traders with a three-point focus on trust, access and value.。Over the years, they have gathered more than 4 million clients worldwide and won more than 45 awards, proving their competitive edge in the brokerage industry.。
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