ForexTime Broker Review

ForexTime at a glance:

Regulation : Yes (CySEC, FCA)
Minimum Deposit : $5 (Cent Account)

Demo Account : Yes
USA : No
Mobile : Yes

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”

 

FXTM logo

ForexTime

 

General Overview

ForexTime (FXTM) was first launched in 2011 to provide superior trading conditions, advanced education, and state-of-the-art trading tools. FXTM brand was trademarked globally in a short period of time as they continuously worked on their products and services to suit each market. They also worked with experienced groups all over the world achieve this in a short period of a time.

FXTM offers a large variety of different account types, you can select from three different standard accounts or six ECN accounts. Each of them is planned for different traders to fit their needs, I’m sure you would find one to fit your needs.

The educational center of FXTM provides you with a wide variety of knowledge about trading. They have seminars, webinars, ebooks, videos, articles and term explanations to select from, so if you are looking for expanding your knowledge about the trading industry, this could be the place for you.

Assets Coverage

FXTM allows you to trade over 50 currency pairs with floating leverage and low spreads. Currency pairs are divided into major, minor, and exotic pairs. They also offer you the possibility to trade gold and silver and to different types of CFDs. Those include share CFDs, CFDs on commodity futures and CFDs on ETFs and indices. In total, they offer over 250 trading instruments.

Types of Platforms

FXTM offers MetaTrader4 and 5 platforms to a lot of different devices. The downloadable version of the MT4 platform can be used with Windows, Mac, iOS and Android devices. If you don’t want to download the software, you can use the WebTrader platform instead. MT5 can be used with the same devices and on the web as well, so it really gives you the freedom how you would like to use their services.

Bonus & Promotions

ForexTime offers a loyalty program for ECN zero and standard accounts. The loyalty program isn’t rewarding you with any points or virtual credits or dollars, but it reduces the costs of each trade. It is a unique and flexible program.

Deposits & Withdrawals

FXTM supports the most common credit cards, Visa, Mastercard, and Maestro, in deposits and withdrawals as well as bank wire. They also support a wide variety of e-wallets like Neteller, Skrill, WebMoney, Qiwi etc. Not all e-wallet options that are available for deposits are available for withdrawals.

Customer Service

FXTM offers live support through their own live chat, WhatsApp, Viber, Telegram, Messenger or you can just request a callback. Their customer service is helpful, polite and they respond quickly. They also have an FAQ on the FXTM website that includes a lot of answers to common questions and problems. FXTM customer service has also been awarded globally in 2017 for being simply the best.

Safety & Security

The safety and security of your funds are taken seriously at FXTM as they are regulated by CySEC and registered with the FCA. Investor funds are deposited in top-tier EU banks in separate accounts from the company’s own funds. They are also a member of the Investor Compensation Fund.

Awards

FXTM has been awarded a lot of different awards. From the list below, you can find the most recent awards (2017-2018). The whole list of awards can be found on their website.

  • Most Innovative Broker 2018
  • Best Forex Broker Russia 2018
  • Forex Broker of The Year 2017
  • Forex Broker Firm of The Year Europe 2017
  • Best Customer Service Global 2017
  • Best FX Broker Asia 2017
  • Best Online Forex Trading Company of The Year Nigeria 2017

Verdict

FXTM is a trusted broker with a good reputation. Their services are well managed, they follow regulations and do their best in securing client’s funds. They have created a very well working trading environment which is reliable and safe to use. If the services FXTM provides are what you are looking for, you can’t go wrong picking them as your broker.

 

Start Trading with ForexTime

 

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”