Cent accounts work in a balance of cents rather than dollars and have a tiny minimum deposit amount of $10. Meanwhile, the Share accounts allow you to trade in European and US shares and have a reduced minimum spread value of 0.1, compared to 1.3 for Standard accounts and 1.5 for Cent accounts. After that, you can finish the account-opening process in your browser or on a mobile device by installing the FXTM Trader app. In total, there are five steps to complete before you can begin trading.

Users who are able to meet the deposit minimums required to open an ECN account will receive highly competitive rates and avoid any limits on order volume. Manage your risk per trade with our FXTM pip-size calculator. Use our simple yet powerful tool to work out your exact pip risk-to-reward ratio for each trade. Our pip value calculator will tell you the value of a pip in the currency you want to trade in. This information is crucial in determining if a trade is worth the risk, and in managing that risk appropriately.

For pairs without JPY, one pipette is on the 4th decimal place of the Forex pair. Follow these steps to calculate profits using our free online Forex Profit Calculator. Adding to a losing position is considered as a no-no by many traders, but it’s possible to do safely. You can choose between six different types of FXTM trading account.

We’re also a community of traders that support each other on our daily trading journey. When trading forex, “pips” are the most basic unit of measure. Whatever kind of trader you are, you can be confident that FXTM is a safe way to make foreign exchange trades. That’s because ForexTime FXT is registered in countries with strict deposit protection schemes and has built up a solid reputation since opening for business in 2011. There’s a lot to offer here for casual and first-time traders thanks to a large backlog of trading guides and a fully-featured mobile app that lets you modify your positions on the go. ECN accounts are designed for forex experts and don’t have a maximum number of orders or volume of lots in an order.

ForexTime also releases weekly market analysis videos filled with expert advice about new trading strategies. With the FXTM app, available on both Android and iOS devices, you can monitor live rates and adjust your positions wherever you are. The inclusion of demo accounts and a flexible leverage system makes this a good trading platform for beginners and experienced forex traders alike. ForexTime, also known as FXTM, is a financial service and automated currency broker. FXTM customers can use their accounts to trade currencies, CFDs, shares, and commodities.

Low Leverage Allows New Forex Traders To Survive

The actual cash amount this represents depends on the pip value, which is what our Pip Value Calculator can help you with. You might also want to check out our position size calculator. The ForexTime FXTM platform remains one of the best forex trading apps available today.

Determine a trading position’s profits or losses at different market prices. Meanwhile, more advanced users will be able to use the ForexTime FXTM Pivot Points Strategy to enhance their trading style. This FXTM tool enables you to perform five-point calculations to decide what position to take on a range of financial instruments. The ForexFXTM platform is full of handy features to help you manage trades.

ForexTime FXTM: Features

We were especially scammed by xcritical impressed by how easy it was to modify our positions using cross-device trading, which enabled us to open a trading position on one device and close it from another. Rather than using real cash, you can start practicing trades with a risk-free virtual account. This is a great way to get a good understanding of how the ForexTime FXTM trading system works.

1. The ForexFXTM platform is full of handy features to help you manage trades.
2. Pip Calculator will help you calculate the pip value in different account types (standard, mini, micro) based on your trade size.
3. As you’ll find out in the following ForexTime FXTM review, this app stands out for its quick trades and withdrawals, which are facilitated by the MetaTrader platform.
4. Rather than using real cash, you can start practicing trades with a risk-free virtual account.
5. ‘Pip’ stands for ‘point in percentage’ and measures the movement in the exchange rate between the two currencies.

What is a Pip in Forex?

Open an account or try our demo account to get started while you build your skills.

You’ll need to add personal and tax information to your profile, upload photos of some ID and, finally, make a deposit. The Drawdown calculate will simulate the loss of your account over a number of periods with a fixed loss per reach period. The Compounding calculator will provide a simulation of your account compounded over a number of periods with a fixed gain per each period. For pairs without JPY, one pipette is on the 5th decimal place of the Forex pair. Please send us an email at and we will get back to you as soon as possible. For JPY pairs, one pip is on the 2nd decimal place of the Forex pair.

FXTM xcritical official site brand is authorized and regulated in various jurisdictions. This will result in quote currency and respectively will be converted to account currency. You’ve probably heard of the terms “pips,” “pipettes,” and “lots” thrown around, and here we’re going to explain what they are and show you how their values are calculated.

Position Size Calculator

With its superb range of trading resources and convenient mobile application, ForexTime FXTM is an excellent option for anyone who wants an easy entry point into foreign exchange trading. A ‘Pip’, short for ‘point in percentage’, quantifies exchange rate movements between two currencies in Forex trading. Accurately calculate pip values and manage your trade risks with our intuitive FXTM pip calculator. We introduce people to the world of trading currencies, both fiat and crypto, through our non-drowsy educational content and tools.

In this lesson, you will learn how to calculate your position size when your account denomination isn’t one of the currencies in the pair currency pair that you wanna trade. Use our Profit Calculator to calculate your expected profit or loss in money and pips based on your entry and exit prices, lot size and trade direction. Using these small units to measure price movement can also protect inexperienced traders from big losses. A fractional pip or ‘pipette’ is 1/10th of the value of a standard pip and can give you tighter spreads and a better understanding of a currency’s price movements.

Pip Calculator will help you calculate the pip value in different account types (standard, mini, micro) based on your trade size. Below you will find several forex calculators to help you make trading decisions during your forex trading. Values are calculated in real-time with xcritical market prices to provide you with an accurate result. Here are some examples on how to calculate your position size whether your account denomination is the same as the base currency or not. This means that the trader closed a position with a profit of 50 pips.