While FXTM proudly wears the badge of a moderate-risk broker, its ranking and innovative approach make it an intriguing choice for traders.
FXTM emerges as a moderate-risk broker, striking a balance between opportunities and potential pitfalls. According to Traders Union experts, the broker earns a respectable overall score of 6.06 out of 10.
While this score doesn’t place it at the very top of the charts, it certainly doesn’t lower it to the bottom either.
One of FXTM’s standout features is its global reach. This broker caters to traders in a staggering 150 countries, a testament to its commitment to inclusivity. Whether you’re a trading novice or a seasoned pro, FXTM aims to provide a platform that suits your needs.
FXTM prides itself on staying ahead of the curve with innovative technologies. This commitment to advancement ensures that traders, regardless of their level of experience, can access competitive trading terms. The inclusion of a cent account allows users to test the waters with minimal risk.
Before diving in headfirst, Kharitonov offers a word of caution. While FXTM has its fair share of satisfied clients, it’s equally important to consider the negative feedback. Not all clients have been content with their experience, particularly when it comes to withdrawal delays.
To gain a deeper insight into the FXTM experience, we turn to FXTM reviews. Victor P., a seasoned financier and trader from Houston, initially had his doubts but was pleasantly surprised by the broker’s execution speed and transparency.
Andy V., a novice trader in Columbus, appreciated the cent account but pointed out the need for improved customer support. It’s clear that FXTM has room for growth in this aspect.
Melany S., a freelance trader hailing from Chicago, encountered initial withdrawal issues but noted that matters improved as her capital increased.
Before opening an account with ForexTime, heed the advice of TU experts: Thoroughly analyze what this broker offers, and take into account the mixed feedback from its clientele.
Now, let’s turn our attention to Scope Markets, our second contender, which wears the status of a higher-than-average risk broker. With a TU Overall Score of 3.46 out of 10, it positions itself as a broker for those willing to tread the riskier path.
Traders Union expert Anton Kharitonov recommends caution and suggests exploring more reliable brokers with better conditions.
Despite its risk factor, Scope Markets offers a few enticing features. The broker ranks 215 among 350 companies in the TU Ranking, showcasing its presence in the market. One standout aspect is Scope Markets’ use of ECN (Electronic Communication Network) technology, promising swift and profitable trading without intermediaries.
Cost-conscious traders will appreciate Scope Markets’ cost-efficient approach. With a minimum spread indicator of 0.9 pips and the absence of trading and withdrawal fees, it can significantly reduce trading costs.
The broker also offers a range of assets, high leverage, and popular trading platforms, providing a diverse and dynamic trading environment.
However, limitations exist. Scope Markets lacks options for passive income, and its technical support operates only 12 hours a day on weekdays. These shortcomings could be significant for traders who value round-the-clock support and additional income streams.
In expert eyes, Scope Markets is a reputable and reliable broker, registered in Belize and regulated by the Financial Services Commission (FSC). While it may not be for the faint of heart, it offers unique advantages worth considering.