FXTM Overview
Telephone: +44 203 734 22 25
Regulation: CySEC, FCA, IFSC
Pairs offered: 50+ pairs offered Including EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, USDCHF, AUDJPY, GBPAUD, CHFJPY, GBPCHF, GBPJP, NZDJPY, GBPCAD, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, AUDCAD, AUDCHF, AUDSGD
Minimum Deposit: $5
Spreads From: 0.1 PIPs
Max Leverage: Flexible
*Depending on country of residence, knowledge and experience
Deposit Options

ForexTime Broker Review

ForexTime is owned and operated by the FXTM brand of companies. It was established in 2011. Forextime Limited is regulated by CySEC (Cyprus Securities and Exchange Commission) with the following license #185/12. It is also licensed by the FSCA as the FSB (Financial Sector Conduct Authority) of South Africa with FSP number 46614. Forextime UK Limited is authorized by FCA (Financial Conduct Authority) with license number 777911. FT Global Limited is regulated by the IFSC (International Financial Services Commission of Belize) with License numbers IFSC/60/345/TS and IFSC/60/345/APM. ForexTime offers a full suite of FX trading options with demo accounts and live accounts. There are some 60+ currency pairs, commodities, indices, contracts for difference shares and other financial assets available for traders.

Overview/ Background

 

FXTM a.k.a. ForexTime was born in 2011. It received its Cyprus Securities and Exchange Commission licensing and regulation in 2012, its IFSC licence in 2014 and its FCA licence in 2018. In 2013, the company received multiple awards from leading Forex authorities. The World Finance Foreign Exchange awarded ForexTime the 2013 Best Forex Newcomer. Other awards include the MENA 13 for fastest-growing Forex broker and most innovative product award. Multiple additional awards were received in 2014, 2015, 2016 and 2017. FXTM is also the official sponsor of Lewis Pugh, the UN Patron of the Oceans to help protect the world’s blue waters.

 

 Account Types

 

There are several different types of accounts available to traders at FXTM. These include the following options: Standard Account, Cent Account and Shares Account. Each of these accounts is available in a live trading account, demo account, and other options. Different account currencies are available on each of these options. There are also ECN accounts available including ECN Account, ECN Zero, FXTM ECN MT5, and FXTM Pro. The inclusion of demo trading accounts and live trading accounts makes it easy for Forex traders to practice online for free before they trade for real.

 

Trading Platform/ software

 

Multiple trading platforms are available to traders at ForexTime. These include MetaTrader 4 and MetaTrader 5. Both of them are available for Mac, PC, tablet or phablet devices. The trading platforms have been optimized for full download on Android, iOS (iPad & iPhone) smartphones and tablets. MetaTrader 4 and MetaTrader 5 offer innovative trading platforms with full access to a myriad of financial trading instruments. Multilingual and currency support is available, and multiple execution modes can be accessed. The trading platforms include MT4 WebTrader, MT5 WebtTrader and MT4 MultiTerminal. The trading tools are a useful adjunct to the trading software and include things like signals, indicators, signal providers, and fully optimized mobile trading resources.

 

Deposit options

 

Deposit options include the following: FasaPay, Nigeria local bank wire transfer, Indonesian local transfer, Vietnamese local transfer, online banking Thailand, Iranian local transfers, Afghani local transfer, Egypt local transfer, Visa, China UnionPay, Maestro, MasterCard, Neteller, Skrill, WebMoney, CashU, Qiwi, WeChat, PerfectMoney, Baidu, Expobank and others. All the above options depend on the Cleint’s country of residence and the FXTM entity that Client is registered with. For the most part, there are no commissions charged on deposits and money transfers are processed instantly. Certain deposit options require 24 hours to process, while bank wires can take between 3 and 5 business days.

 

Markets

 

The range of trading products is extensive and includes 60 currency pairs, multiple spot metals such as silver, gold and platinum, 180 stocks that can be traded on your MetaTrader 4 shares account, and a range of CFD commodity futures such as Brent crude oil, S&P 500 index, DAX 30, CAC40, WTI crude oil and the like. Other options include CFDs (contracts for difference) on indices.

 

Bonuses

 

Several enticing bonuses and promotional offers are available at FT Global Limited. Traders are rewarded with $30 in welcome bonus cash* when a minimum deposit is made with the registration. There are also loyalty cashback* offers available to traders with things like cash rebates for all lots that are traded, valid for six months.

*Terms and Conditions apply.

Forextime Limited and Forextime UK Limited only offer the Loyalty Program (T&Cs apply) which is applicable only to Elective Professional/Professional Clients or Eligible Counterparty.

 

Customer Support

 

Traders can contact ForexTime through multiple channels including social media pages on Instagram, Facebook, Telegram, Viber and WhatsApp. Full chat functionality is available by clicking on the ‘Chat with Us’ button on the bottom right of the screen. Additionally, there are telephone hotlines in the United Kingdom (+44-203-734-1025), and customer support agents are available between Monday and Friday from 2 AM through 8:30 PM GMT +2.

A telephone hotline is available for closing your positions. The number to call is +44-203-734-1063. This number is reachable between Monday and Friday 24 hours a day. There are also multiple contact options available for traders in China, India, Malaysia, Indonesia, Nigeria, South Korea and Thailand. Customer support is available in Vietnamese, Thai, Russian, Malay, Chinese, Arabic, Italian, Spanish, Polish, Indonesian, French, English and others.

 

 

Safety

 

Safety and security of client accounts and funds is assured at all times. All client funds are maintained in segregated accounts at respected banks. FXTM has partnered with leading banks and complies with all international regulations as set out by its regulators. The highest encryption protocols are in place, to ensure that maximum encryption and data integrity is guaranteed at all times.

 

Ease of Use

 

The MetaTrader 4 and MetaTrader 5 trading platforms are easy to use. CFD trading on Forex pairs, commodities, indices and stocks is equally user-friendly. Clients will have no problem switching between the demo account and the real money trading account, and making deposits/withdrawals is a breeze.

 

Final Thoughts

 

ForexTime is an internationally acclaimed Forex trading broker. It offers a full range of services on 60+ currency pairs (major pairs, minor pairs, and exotic currency pairs), in addition to a wide range of CFD products. This is an A-grade broker with full licensing and regulation from multiple authorities and jurisdictions.

Pros
  • Full licensing and regulation by multiple authorities
  • Generous bonuses and promotional offers *applicable for FT Global Limited
  • Demo trading account
  • World-class MetaTrader 4 and MetaTrader 5 on Mac, PC, iOS and Android
Cons
  • Do not accept US clients
FXTM Overview
Telephone: +44 203 734 22 25
Regulation: CySEC, FCA, IFSC
Pairs offered: 50+ pairs offered Including EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, USDCHF, AUDJPY, GBPAUD, CHFJPY, GBPCHF, GBPJP, NZDJPY, GBPCAD, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, AUDCAD, AUDCHF, AUDSGD
Minimum Deposit: $5
Spreads From: 0.1 PIPs
Max Leverage: Flexible
*Depending on country of residence, knowledge and experience
Deposit Options
Pros
  • Full licensing and regulation by multiple authorities
  • Generous bonuses and promotional offers *applicable for FT Global Limited
  • Demo trading account
  • World-class MetaTrader 4 and MetaTrader 5 on Mac, PC, iOS and Android
Cons
  • Do not accept US clients