ForexTime (FXTM) Review
Overview
ForexTime (FXTM) company information ForexTime is still a young broker as it’s only founded in december 2012. However, it has already won two prizes ‘’Best Newcomer 2013’’ and ‘’Fastest Growing… more
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| Broker | ForexTime (FXTM) |
|---|---|
| Website URL | www.forextime.com |
| Founded | 2012 |
| Headquarters | FXTM Tower 35 Lamprou Konstantara Kato Polemidia, 4156 Limassol, Cyprus |
| Support Number | +357 25 558777 fax: +357 25 558778 |
| Support Types | phone, fax, live chat, email: [email protected] |
| Languages | English, Spanish, Chinese (Simplified), Indonesian, French, Hindi, Chinese (Traditional), Arabic |
| Trading Platform | FXTM Standard, FXTM Fixed Spread, FXTM Cent, FXTM ECN, FXTM ECN MT5, FXTM ECN ZERO, FXTM ECN ZERO Amanah |
| Minimum 1st Deposit | $1 |
| Minimum Account Size | $1 |
| Minimum Trade Amount | $1 |
| Maximum Trade Amount | $100,000 |
| Bonus | $2 cashback per lot or $4 for *broker move overs |
| Payout | within 48 hours |
| Leverage | 1:1, 10:1, 50:1, 100:1, 200:1, 500:1, 1000:1 |
| Spread | 0 pips* |
| Free Demo Account | Open Demo |
| Regulated |  |
| Regulation | Regulated by CySEC, FSA and MiFid |
| Commissions | |
| Commission Info | FXTM ECN Account: from $20-$4 per 1 mln, FXTM ECN Zero Account: no commission, FXTM Amanah Account: profit sharing from 7%-2%, All other accounts: no commission |
| Account Types | FXTM ECN Account, FXTM ECN Zero Account, FXTM Amanah Account |
| Deposit Methods | Skrill, Credit Card, Neteller, Unionpay, Wire Transfer, Debit Card, Others |
| Withdrawal Methods | Skrill, Credit Card, Neteller, Unionpay, Wire Transfer, Debit Card, Others |
| Trading Methods | Trading from charts, EA Compatibility, PAMM, Swap free accounts (Sharia Law), Scalping, Hedging Facilities, 24 Hour Trading |
| Number of Assets | 5000+ |
| Types of Assets | forex, spot metals, commodities, ETFs, indices, CFDs, shares |
| Account Currency | EUR, USD and RUB |
| US Traders Allowed |  |
| Mobile Trading | |
| Tablet Trading | |
| Overall Score | 8.9 |
Full Review
ForexTime (FXTM) company information
ForexTime is still a young broker as it’s only founded in december 2012. However, it has already won two prizes ‘’Best Newcomer 2013’’ and ‘’Fastest Growing Forex Broker’’. On ForexTime or FXTM traders can not only trade forex but also CFDs on commodity futures, ETF’s, shares and spot metals.
ForexTime (FXTM) trading platforms
Traders can trade on ForexTime on several different platforms including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). It’s also possible to download the latest MetaTrader on your smartphone and.or tablet so you can trade anytime, anywhere yo want using ForexTime. ForexTime also offers ECN MT4 and ECN MT5 accounts for professional traders who want to have the tightest spreads and commissions whilst share and forex trading.
ForexTime account types
ForexTime (FXTM) offers seven types of accounts including standard accounts and ECN accounts.
– FXTM Cent
– FXTM Fixed Spread
– FXTM Standard
– FXTM ECN
– FXTM ECN MT5
– FXTM ECN ZERO
– FXTM ZERO Amana (Islamic Trading Account)
None of these accounts require a minimum deposit. Traders can literally open a trading account at ForexTime (FXTM) from just $1.
ForexTime commissions and spreads
ForexTime (FXTM) charges different spreads and commissions depending on type of trading account. Where FXTM Fixed Spread and FXTM Cent trading accounts spreads from 2.1 pips, FXTM Standard accounts only charge 0.1 pips and ECN trading accounts have no spreads at all but a commission payable per amount of round traded lots. The commission paid to ForexTime (FXTM) depends on the amount of trades executed.
ForexTime customer support
The ForexTime (FXTM) customer support is available in English, Spanish, Chinese (Simplified), Indonesian, French, Hindi, Chinese (Traditional), and Arabic by phone, fax, email and live chat using the ForexTime website. The multi-lingual support can assist anyone with questions regarding trading, opening/closing accounts and deposits/withdrawals. Recently ForexTime (FXTM) added the possibility to contact customer support by Skype as well.
ForexTime reliability
ForexTime or FXTM is regulated by three different regulatory organizations: the Cyprus Exchange Commission (CySEC) under license number: 185/12, by the British FCA and by MiFID. ForexTime or FXTM can take customers from anywhere in the world except the United States. Clients funds are backed up by a compensation scheme up to $20,000.
ForexTime review conclusion
With super tight spreads and no minimum required deposit ForexTime (FXTM) is one of the best forex, spot metals and CFD brokers available worldwide except the United States. Being regulated and licensed by three different regulatory organizations make ForexTime (FXTM) both a reliable forex and spread betting broker. The huge amount of educational material offered on the FXTM website is perfect for both new and seasoned forex traders. The availability to trade the markets using the latest MetaTrader on PC, smartphone and tablet in addition to the FXTM web based trading platform makes trading with the lowest spreads possible, hence very attractive for experienced (day) traders. Nothing to complain about ForexTime (FXTM), it’s simply an excellent broker.
✓ No minimum deposit requirement
✓ Tight spreads (starting from 0 pips)
✓ Loads of educational and tutorial material available
✓ Reliable and regulated forex and ECN broker
✓ Available on smartphone and tablet
Pros
- No minimum deposit requirement
- Tight spreads (starting from 0 pips)
- Loads of educational and tutorial material available
- Reliable and regulated forex and ECN broker
- Available on smartphone and tablet
Reviews
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