Forex Time FXTM Review

5 CCYMIN. DEPOSIT
Up to 1000:1
FXTM Cashback
NO DEP. BONUS
0 Users (0 votes)
Odds0
Services0
Support0
Forex Time FXTM
FXTM Cashback
Open an Account

Overview

Company Information The brand of ForexTime or FXTM was initially started in 2011, embracing a one-of-a-kind vision to provide superb trading conditions beyond compare, exclusive education, and ultramodern tools for… more

Read Full Review

Details

BrokerForex Time FXTM
Website URLhttp://www.forextime.com/
Founded2011
HeadquartersNicosia, Cyprus
Support Number+44 203 734 10 25
Support Emailinfo@forextime.com
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Arabic, Chinese, Taiwanese, Czech, French, Hindi, Indonesian, Polish, Italian, Farsi, Korea, Malay, Russian, Thai, Vietnamese, Urdu
Minimum 1st Deposit5 CCY
Minimum Trade Amount0.01-0.1
Maximum Trade Amount100-250
BonusFXTM Cashback
PayoutUp to 1000:1
Free Demo AccountYes
Regulated Yes
RegulationIFSC
Account TypesStandard Account, Cent Account, Shares Account, ECN Account, ECN Zero, FXTM ECN MT5, Strategy Account, FXTM Pro
Deposit MethodsFasaPay, Nigeria Local Bank Wire Transfer, Indonesian Local Transfer, Vietnamese Local Transfers, Local transfer for India and Pakistan, Online Banking Thailand, Visa, MasterCard, Maestro, China Union Pay, Neteller, Skrill, Alfa-Click, PayZa, WebMoney, OkPay, DixiPay, Cash U, Qiwi, Yandex.Money, WeChat, PerfectMoney, Ceska Sporitelna AS (Erste Group), Expobank, Bitcoin
Withdrawal MethodsFasaPay, Nigeria Local Bank Wire Transfer, Indonesian Local Transfer, Vietnamese Local Transfers, Local transfer for India and Pakistan, Online Banking Thailand, Visa, MasterCard, Maestro, China Union Pay, Neteller, Skrill, Alfa-Click, PayZa, WebMoney, OkPay, DixiPay, Cash U, Qiwi, Yandex.Money, PerfectMoney, Ceska Sporitelna AS (Erste Group), Expobank, Bitcoin
Types of AssetsForex, Spot Metals, Share CFDs, CFDs on Commodity Futures, CFDs on ETFs and Indices
Account CurrencyUSD, EUR, GBP, RUB, CZK, PLN, INR, NGN, CNY, VND, THB, IDR,
ECN Broker Yes
Scalping Allowed Yes
Managed Yes
Lowspread Yes
Forex Demo Contests Yes
Forex Live Contests Yes
US Traders Allowed No

Full Review

Company Information

The brand of ForexTime or FXTM was initially started in 2011, embracing a one-of-a-kind vision to provide superb trading conditions beyond compare, exclusive education, and ultramodern tools for trading. FXTM established itself as one of the global trademarks currently owing that to an unremitting focus on concentrating their services and products on serving and suiting each market, in conjunction with a successful partnership with brilliant teams from all across the world.

FXTM’s mission centres itself around time – our most valuable commodity. By appreciating time and by grasping the significance of efficiency in the fluctuating, yet supersonic, financial markets world, each of their decisions is crafted to guarantee its business partners and customers, as well as their professional team of experts, invest their time in a wise manner. While driving on this fluctuating road, the Forex enterprise keeps an ironclad focus on educating its traders. The company stands by the statement that “knowledge is power” and empowers its investors to derive the greatest value for their funds. That is their leading passion.

FXTM boasts more than 60 currency pairs, Indices, CFDs, and Spot metals, as well as more than 180 Share CFDs.

CySEC is responsible for the stern regulation of ForexTime Limited. Other authorities that have registered the company are U.K.’s Financial Conduct Authority, South Africa’s Financial Services Board, and Belize’s International Financial Services Commission.

 

Trading Information

Like other Forex enterprises, FXTM is also offering three (3) standard trading accounts at its website. However, it also provides its keen customers with a choice of five (5) ECN accounts.

The regular accounts include a Standard, a Cent, and a Shares account. The first and the third can be opened in EUR, GBP, USD, and NGN, while the Cent account can be launched in EUR cents, USD cents, GBP pence, and in NGN kobo. All these accounts have micro lots (0.01), mini lots (0.1), and standard lots (1). In addition, the Step lot for them is 0.01. The max number of orders for the Standard and Shares accounts is 100, while for the Cent account, that is 300. The Standard account’s maximum volume per single trade is set to 30, while this volume for the Cent and the Shares accounts is 1 and 10. All accounts benefit from an Instant Execution, no commission, and no max deposit. The minimum deposit for the Standard and the Shares accounts is $100, while for the Cent account, it is only $5. The leverage/margin requirements for the Standard account is floating from 1,000:1 to 25:1; fixed from 1,000:1 to 25:1 for the Cent account; and there is a fixed margin from 3 to 10% (symbol dependent) for the Shares account.

The ECN accounts include an ECN Account, ECN Zero, FXTM ECN MT5, Strategy Account, and an FXTM Pro. The Strategy account uses only EUR, USD, and GBP as currencies while all others also have NGN. The first three accounts benefit from a floating leverage between 1,000:1 and 25:1, while the leverage for the Standard account is up to 1,000:1 and from 200:1 to 25:1 for the FXTM Pro. All ECN accounts have Market Execution and derive benefit from unlimited max number and volume of orders.

For newbies in the competitive Forex niche, the best way to introduce themselves to the currency world is to make use of demo trading accounts.

 

Forex Time FXTM Trading Platforms

The guys at ForexTime love to spoil their clients with choice. For that, they are offering the leading trading platforms in the Forex industry – MT4 and MT5 that can be used directly on PC, MAC, tablet or smartphone so investors can trade at their convenience.

MT4 is cutting-edge and is jam-packed with user-friendly features. Additionally, it provides access to all major trading instruments, has a multicurrency and multilanguage support, and trading is automated through Expert Advisors (EAs).

The newer MT5 is equipped with MQL5 trading signals, Level II data, extensive range of the types of orders, and possesses all execution modes.

Both platforms are accessible via PC, iOS, Android, MAC, and WebTrader.

 

Security and Customer Services

Over 10,000 customers in 135 countries across the globe are happy to use the services provided by ForexTime Ltd. The company rigorously adheres to international regulations, thus emphasising customer funds’ security and safety of private data. Safeguarding the client and their hard-earned investments are FXTM’s key concern and the enterprise is devoted to creating a delightful and reliable trading atmosphere.

For that reason, the company is authorised, strictly regulated, and registered with a number of reputable oversight authorities, such as CySEC, FCA, IFSC, and FSB. Furthermore, the Investor Compensation Fund (an organisation that protects eligible retail customers and compensates them in the unlucky event of company failures) is proud to have FXTM as its member. If you add to all these the fact that FXTM employs segregated accounts with reputable banking authorities, you will end up realising why the company’s clients have a good night sleep.

Customers have at their disposal a brilliant support service provided through fixed telephone lines, e-mail, and live help. It comes in English, Arabic, Taiwanese, Chinese, Czech, French, Hindi, Farsi, Urdu, Thai, Indonesian, Polish, Spanish, Korean, Italian, Malay, Russian, and Vietnamese.

 

Deposits and Withdrawals of Forex Time FXTM

To withdraw and deposit at FXTM is straightforward and simple. Deposits are executed via VISA, Maestro, China UnionPay, MasterCard, NETELLER, Alfa-Click, WebMoney, Skrill, Payza, Dotpay, Yandex.Money, Western Union Quick Pay, Qiwi, and Bank Wire. No commissions are associated with any of the deposit methods.

Withdrawals are processed through VISA, Maestro, China UnionPay, MasterCard, an FXTM Virtual MasterCard, NETELLER, Skrill, Qiwi, Yandex.Money, Payza, WebMoney, and Bank Wires.

The supported currencies at FXTM include EUR, CNY, USD, NGN, GBP, PLN, RUR, CZK, and INR.

 

Deposit Bonus and Loyalty Programmes

FXTM loves to bestow its loyal customers with bonuses and promotions.

There is the FXTM Loyalty Cashback which provides users with real, withdrawable money – not virtual cash or points. By going up the 5 rebate levels, customers are constantly being rewarded on the condition that they keep trading – and this goes for up to six entire months.

At FXTM, you will obtain $4 back for each and every lot you trade and that is promised. Referring a friend also yields a bonus as long as he/she starts trading.

And lastly, FXTM is brimming with Forex contests that are a stupendous way to acquire more cash.

Open an Account
What people say... Leave your rating
Sort by:

Be the first to leave a review.

User Avatar
{{{review.rating_comment | nl2br}}}

Show more
{{ pageNumber+1 }}
Leave your rating