https://www.forextime.com?utm_source=fxeye.com&utm_medium=display&utm_content=fxeye_propage_en_hp&utm_campaign=hp&utm_term=na&utm_blocka=mediabuy
Website
Benchmark
AAA
Average transaction speed (ms)
MT4/5
Full License
ForexTime-ECN-Zero-demo
Influence
AA
Influence index NO.1
Speed:A
Slippage:AAA
Cost:AA
Disconnected:AAA
Rollover:C
MT4/5 Identification
Full License
Influence
AA
Influence index NO.1
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Danger
Danger
+44 20 3734 1025
+62 7 803 321 8183
+234 1 460 1586
+254 207 640 415
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Forextime Ltd
FXTM
United Kingdom
Pyramid scheme complaint
Expose
Benchmark | AAA |
---|---|
Maximum Leverage | 1:3000 |
Minimum Deposit | $200 |
Minimum Spread | From 1.5 |
Products | FX Metals Commodities Indices FX indices Stock baskets Stock CFDs (only MT5) Stocks (only MT5) |
Currency | -- |
---|---|
Minimum Position | 0.01 |
Supported EA | |
Depositing Method | (18+) MASTER Neteller PerfectMoney VISA |
Withdrawal Method | (18+) Neteller Skrill VISA MASTER |
Commission | -- |
Benchmark | AAA |
---|---|
Maximum Leverage | 1:3000 |
Minimum Deposit | $200 |
Minimum Spread | From 0.0 |
Products | FX Metals Commodities Indices FX indices Stock baskets Stock CFDs (only MT5) Stocks (only MT5) |
Currency | -- |
---|---|
Minimum Position | 0.01 |
Supported EA | |
Depositing Method | (18+) Neteller PerfectMoney VISA Skrill |
Withdrawal Method | (18+) VISA MASTER PerfectMoney Neteller |
Commission | Average of $0.4-$2 based on volume |
Capital
$(USD)
Stop Out
0.76%
Stop Out Symbol Distribution
6 months
FXTM | Basic Infromation |
Founded | 2011 |
Registered Country | United Kingdom |
Headquarters | Cyprus, UK, Belize |
Regulation | FCA, FSC (Offshore) |
Trading Instruments | Forex, metals, commodities, stocks, indices, cryptocurrencies |
Demo Account | ✅ |
Leverage | Up to 1:3000 |
Spread | Close to zero on major FX pairs |
Trading Platform | MT4, MT5, mobile trading |
Minimum Deposit | $/€/£200 |
Payment Method | Kenyan/local transfers (local Indian payment methods: UPI and Netbanking, local Nigerian instant bank transfers, equity bank transfer, Ghanaian local transfer, Africa local solutions, M-Pesa, FasaPay, TC Pay Wallet), credit cards (Visa, MasterCard, Maestro, Google Pay), e-wallets (GlobePay, Skrill PayRedeem, Perfect Money, Neteller), bank wire transfer |
Customer Support | 24/5 - live chat, contact form, Telegram, WhatsApp, phone, Help Center |
Regional Restrictions | USA, Mauritius, Japan, Canada, Haiti, Iran, Suriname, the Democratic People's Republic of Korea, Puerto Rico, the Occupied Area of Cyprus, Quebec, Iraq, Syria, Cuba, Belarus, Myanmar, Russia and India |
FXTM, or Forex Time, is a global forex and CFD broker founded in 2011. The company is headquartered in Cyprus and is regulated by the Financial Conduct Authority (FCA) in the UK and the Financial Services Commission (FSC) in Mauritius. FXTM offers a variety of trading instruments, including forex, metals, commodities, stocks, indices, cryptocurrencies. In terms of trading fees, FXTM offers variable spreads on most of its instruments, with spreads close to 0 pips.
FXTM also offers multiple choices of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are available in desktop, web, and mobile versions, which allows traders to trade on the go and from anywhere in the world.
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FXTM operates under a strong regulatory frame, and it has several entities that are regulated in different jurisdictions:
Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
FCA | Exinity UK Ltd | Straight Through Processing (STP) | 777911 | Regulated | |
FSC | EXINITY LIMITED | Retail Forex License | C113012295 | Offshore regulated |
FXTM offers over varioustradable instruments, covering forex, metals, commodities, stocks, indices, cryptocurrencies. However, this broker does not currently support trading on futures, options, and ETFs.
Tradable Assets | Supported |
Forex | ✔ |
Stocks | ✔ |
Indices | ✔ |
Precious Metals | ✔ |
Commodities | ✔ |
Cryptocurrencies | ✔ |
Futures | ❌ |
Options | ❌ |
ETFs | ❌ |
FXTM offers three different types of trading accounts, which are the Advantage account, the Advantage Plus, and the Advantage Stocksaccount. All accounts require a minimum deposit requirement of 200. Each account type has its own unique features and benefits, such as different spreads, commissions, and trading instruments.
FXTM offers demo accounts for all its account types. These demo accounts allow traders to test their trading strategies in a risk-free environment using virtual funds. Demo accounts are also useful for new traders who want to learn how to trade before committing real money to live trading.
FXTM offers leverage of up to 1:3000. It's recommended to use leverage wisely and only trade with funds you can afford to lose.
For the Advantage account, the spreads start from 0.0 pips, and $3.5 per lot traded on FX is charged. For the Advantage Plus account, the spreads start from 1.5 pips, but no commission. For the Advantage Stocks account, the spreads start from 6 cents, but no commission.
The spreads offered by FXTM are typically lower than those offered by many other brokers in the industry, particularly on the Advantage account. The Advantage Plus account, however, has slightly higher spreads, which is to be expected due to no commissions.
Account Type | Spread | Commission |
Advantage | From 0.0 pips | $3.5 per lot traded on FX |
Advantage Plus | From 1.5 pips | ❌ |
Advantage Stocks | From 6 cents | ❌ |
FXTM offers three chocies of trading platforms, including the popular MetaTrader 4 and 5 platforms, as well as their proprietary mobile trading app.
FXTM Invest is an advanced copy trading feature offered by FXTM, designed to make trading accessible to investors of all experience levels. With a low entry threshold of just $100, this platform allows users to automatically replicate the trades of experienced Strategy Managers. FXTM Invest stands out for its attractive pricing model, offering zero spreads on major FX pairs and a performance-based fee structure where investors only pay when their chosen Strategy Manager generates profits.
The process of getting started with FXTM Invest is streamlined into five simple steps: signing up or logging in to MyFXTM, selecting a Strategy Manager, opening an Invest account, making a deposit, and then watching as the system automatically copies your chosen manager's trades. This user-friendly approach, combined with the ability to maintain full control over your funds, makes FXTM Invest an appealing option for those looking to tap into the forex market with the guidance of seasoned professionals.
FXTM offers a variety of deposit and withdrawal options for its clients. Traders can deposit funds into their trading account using Kenyan/local transfers (local Indian payment methods: UPI and Netbanking, local Nigerian instant bank transfers, equity bank transfer, Ghanaian local transfer, Africa local solutions, M-Pesa, FasaPay, TC Pay Wallet), credit cards (Visa, MasterCard, Maestro, Google Pay), e-wallets (GlobePay, Skrill PayRedeem, Perfect Money, Neteller), and bank wire transfer.
FXTM charges a flat $3 transaction fee for any deposit or withdrawal less than $30 or equivalent, but no fees applied to deposits or withdrawals equal to $30 (or equivalent) or more.
FXTM is known for providing excellent customer support to its clients, including live chat, contact form, Telegram, WhatsApp, and phone. The customer support team is available 24/5 and is multilingual, which means clients can communicate with them in their preferred language.
FXTM also provides an extensive Help Center section on their website that covers various topics, such as account opening, deposit and withdrawal methods, trading platforms, and more. This section is helpful for clients who prefer to find answers to their questions without contacting the support team.
FXTM offers various educational resources including glossary, market analysis and guides. Besides, their educational resoucres are friendly both for beginners and professionals. For example, trading basics are suitable for beginners who want to learn some basics, while advanced guides are more suitable for traders who are experienced.
To sum up, FXTM is a well-regulated and respected forex broker with a wide range of market instruments, competitive trading conditions, and user-friendly trading platforms. They offer various account types without minimum deposit requirement and high leverage. FXTM's customer support is also responsive and helpful, and their educational resources are very useful for both novice and experienced traders.
Is FXTM legit?
Yes, FXTM is regulated by FCA and FSC (Offshore).
What trading instruments are available on FXTM?
FXTM offers a range of trading instruments including forex, metals, commodities, stocks, indices, cryptocurrencies.
What is the minimum deposit required to open an account on FXTM?
$/€/£200.
What trading platforms are available on FXTM?
FXTM offers three chocies of trading platforms including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as mobile trading.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.
NBI Philippines rescues 84 Filipinos in Pampanga, from a scam hub posing as a BPO allegedly involved in FXTM USDT Forex Trading. Authorities target cybercrime violations in the Philippines.
FXTM Launches the First Olympic Trading Competition: Battle for the Trading Throne!
CySEC withdraws FXTM's CIF license following the company's voluntary renunciation, marking a significant exit from the EU market for the trading firm.
"FXTM is providing services to clients in India against an RBI warning." a user from India filed a complaint against FXTM dated January 6, 2024 On Wikfx,.
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