ForexTime Review FXTM Global

Details

BrokerForexTime (FXTM) Global
Website URLhttps://www.forextime.com/eu/
Founded✅ 2011
HeadquartersExinity Limited, 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius
Support Number+44 20 3734 1025 Mon - Fri 24 hours *GMT+3 during Daylight Saving Time, India Toll Free: 000800-100-4352. Indonesia Toll Free: 007 803 321 8183, Malaysia +60-3-9212 5856, Nigeria, Abuja +234 803 153 4373, Nigeria, Lagos +234 1 460 1586, +234 908 735 2313, +234 803 457 3593, South Korea South Korea, Thailand +66 60 003 5095
Support TypesViber, Telegram, Live Chat, Phone
LanguagesUSA, English, Spanish, Arabic, Chinese, Thai, Vietnamese, Malay, Portuguese, Indonesian, Hindi, French, Italian, Korean, German, Turkish, Urdu, German, Norwegian Dedicated customer support teams are available in over 30 languages over a huge range of contact options (including Viber, Telegram and Live Chat).
Trading PlatformMetaTrader 4 & MetaTrader 5, WebTrader, PC, iOS, Android, Mac
Minimum 1st Deposit$/€/£ 100
Minimum Account SizeStandard Accounts, Shares Accounts, ECN Accounts, and ECN Zero Accounts have a minimum deposit of $/€/£ 100 or ₦20,000.
Minimum Trade AmountFXTM Pro Account lets you use MT4 or MT5. It features tight spreads from 0 pips
Maximum Trade AmountCent Accounts have minimum deposits of $/€/£ 5 or ₦1,000, with no maximum deposit. FXTM Pro accounts have a minimum deposit of $/€/£ 25,000 and no maximum.
Bonus$100.000 Free Demo Unlimited
Payout30:1 Retail & Up to 1000:1 Professional
Leverage30:1 Retail Traders, 1000:1 Professional Traders
SpreadTight spreads from 0.1 pips*
Free Demo Account Open Demo
Regulated Yes
RegulationThe FXTM brand is regulated and licensed under CySEC in Cyprus and by South Africa’s FSCA, the UK’s FCA, and the FSC of the Republic of Mauritius, among Exinity Limited is regulated by the Financial Services Commission (FSC) of Mauritius, with an Investment Dealer License number C113012295. The foremost aim of the FSC is to position Mauritius as a jurisdiction of integrity with a fair balance of regulation and business development. Exinity Limited has been granted an Investment Dealer (Full Service Dealer, excluding Underwriting) Licence pursuant to Section 29 of the Securities Act 2005, Rule 4 of the Securities (Licencing) Rules 2007 and the Financial Services (Consolidated Licencing and Fees) Rules 2008. Exinity Limited is licensed to offer trading with Forex and CFD products, among other instruments and securities.others.
Fees Yes
Fee InfoCommission is applied only on our ECN Account (MT4) and the FXTM ECN MT5 Account. ECN Account (MT4): Commission is charged at 4 units of the Base currency and the conversion rate to the trading account’s currency (if applicable).
Commissions Yes
Commission Info0.0001 or 0.01 x notional value (depends on the currency – 4th decimal for 5 decimal currencies and 2nd for 3 decimal currencies) Example: 1 lot of EUR/USD 0.0001 x 100,000 (1 lot= 100,000) = 10 USD. Commission on ECN MT4 is taken only when a position is opened, at double the levels listed in the table above (accounting for both the opening and the closing of the position). Since a client's total trading volume is calculated on a monthly basis, at the beginning of each month table-accordion commissions will be charged at the highest level and should the trading volumes increase during the month it will automatically be reduced to reflect the volumes traded. Please note that the calculation formula for Commission on ECN MT4 is: (Volume * Contract Size * Open Price) / 1,000,000 * Commission * 2. Assume you have a USD account with Equity between 0$ - 2,999$ and trading volume below 100 million. Commission for 1 lot per each symbol would be: EURUSD: (1 * 100,000 * 1.21892) / 1,000,000 * 20 * 2 = 4.88 USD AUDCAD: (1 * 100,000 * 0.97969) / 1,000,000 * 20 * 2 = 3.92 CAD / 1.30231 = 3.01 USD XAUUSD: (1 * 100 * 1,323.25) / 1,000,000 * 20 * 2 = 5.29 USD WSt30m: (1 * 10 * 24,182) / 1,000,000 * 20 * 2 = 9.67 USD STOX50: (1 * 10 * 3,443.4) / 1,000,000 * 20 * 2 = 1.38 EUR * 1.15786 = 1.60 USD
Account TypesLive Trading Account, Demo Trading Accounts, Standard Account, Cent Account, Shares Account ECN Accounts: ECN MT4 Account, ECN MT5 Account, ECN ZERO Account, ECN Strategy Account, FXTM Pro, FXTM Pro MT5 , ECN Zero MT5, ECN Zero Strategy Account
Deposit MethodsMaestro, Visa Electron, credit cards Visa, Master Card, Skrill, WebMoney, Cash U, Neteller, Moneybookers, Neteller, Bank Transfer
Withdrawal MethodsMaestro, Visa Electron, credit cards Visa, Master Card, Skrill, WebMoney, Cash U, Neteller, Moneybookers, Bank Transfer
Trading MethodsDay Trading, Scalping, Momentum Trading, Swing Trading, Position Trading
Number of AssetsOver 160
Expiry Times1 day, 1 month, 1 minute, 5 minutes, 15 minutes, Year
Types of AssetsTrade major, minor and exotic currency pairs with a trusted, award-winning broker. With FXTM, you will have access to direct liquidity pricing with real-time data straight from the two largest stock exchanges in the world, NYSE and NASDAQ. Trading CFDs on commodities is a more convenient way to access the commodities markets than purchasing the product outright. When you trade indices with an industry-leading broker, you can expect to choose from an industry-leading selection of indices. FXTM offer index trading on some of the world’s most active securities, meaning that traders can choose to trade and buy the selection of stocks which suits their trading strategy. Trade Gold and Silver with FXTM. Industry-leading precious metals that give you a competitive edge in the markets. Trading in share CFDs provides you with access to the stock market of some of the larger, well-known companies such as Amazon. Trade cryptocurrency CFDs (Bitcoin, Ethereum, Litecoin, Ripple) against the US dollar.
Option TypesOrder Types: Multiplier orders, Stop loss orders, Take profit orders, Trailing stop orders
Trading Currency EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/RUB, AUD/USD, EUR/RUB, USD/CAD, EUR/CHF, EUR/JPY, AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, CAD/CHF, CAD/JPY, СHF/JPY, EUR/AUD, EUR/CAD, EUR/GBP, EUR/NZD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, NZD/CAD, NZD/CHF
Account Currency USD, EURO, BRL, GBP, Yuan, MYR, IDR, RUB.
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score97/100

Screenshots

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Pros

  • Provides multiple execution methods by account type
  • Regulated in several jurisdictions, including outside the EU
  • Offers Cryptocurrency CFDs
  • FXTM Invest for auto trading

Cons

  • Low max order size of 30 standard lots per trade
  • Certain range of markets segmented across account types
  • No US Traders

ForexTime (FXTM Global), a forex broker in the EU is a broker that we like for several reasons, not the least of which is the tight spreads that are seen in the various pairs. The owner, Andrey Dashin was one of the driving factors behind his first company, Alpari. Because of this, you know that the leadership with this brokerage is well-versed, and knows exactly how to treat customers.

The brokers also offers CFD, which means that not only trading currencies are offered, but so are spot metals, commodities, ETFs and shares of stock. In other words, the world is offered at this broker, and with this it allows you to trade as some of the largest hedge funds in the world do – ignoring international borders.

ForexTime FXTM Brand Global Awards

Named one of many world’s quickest rising foreign exchange brokers, ForexTime (FXTM) has made revolutionary progress in a really quick period of time. As we develop, our mission solely turns into clearer and our dedication to our shoppers and companions stronger. We think about each award we obtain a a lot esteemed recognition of this dedication and are extraordinarily honored to have been counseled by the business‘s most prestigious award our bodies.

Trading Platform ForexTime (FXTM Global)

The trading platforms offered are the MetaTrader 4 and MetaTrader 5 platforms for PC, Mac, and mobile devices. The platforms are global in their appeal, and as a result there are without a doubt the most add-ons and EAs for these platforms.

Copy Trading With FXTM Invest

You know that trading financial markets has the potential to be profitable. But you also know it takes a lot of skill and experience, and time spent following the markets. It’s okay! If you’re not feeling up to it yourself, we have the perfect solution.

ForexTime (FXTM Global) Invest is an innovative way you can access the opportunities of trading without any technical skills, and the minimum of time. You simply choose to copy FXTM traders (also known as Strategy Managers) who are right for you and make their trading strategies available to follow. We’ll do the rest!

Copy trading with FXTM Invest lets you retain full control of your money, and you’ll only pay a fee to your Strategy Manager when they make a profitable trade.

Forex Educational Video Series

What is FXTM Invest?

  • FXTM Make investments is a state-of-the-artwork, versatile and consumerpleasant copy-buying and selling program from FXTM. It affords purchasers the chance to observe the trades of appropriate Technique Managers.
  • A consumer who follows the trades of a Technique Supervisor is known as an Investor. Any commerce opened by the Technique Supervisor is robotically copied into the Investor’s account on the identical time and value. Traders might select to withdraw cash or shut their Funding Account any time they need.
  • Technique Managers are normally skilled and expert merchants, they usually obtain a pre-outlined proportion price for each Investor who follows them. This charge known asRevenue Share”, it’s a share of the earnings that’s rewarded to the Technique Supervisor for his or her optimistic efficiency for the final 30 days. That is how Technique Managers earn extra cash on their worthwhile trades. If the commerce isn’t worthwhile, Revenue Share doesn’t apply.
  • FXTM Make investments is appropriate for rookies, intermediates and superior merchants. Individuals who wouldn’t have superior information of buying and selling, or don’t have the time to commerce themselves, are best candidates for Traders. Those that want to enhance buying and selling consequence or wrestle with buying and selling programs, guidelines and self-discipline are additionally completely suited. On the flipside, should you’re an skilled dealer seeking to earn extra in your profitable trades.

 

Main Features

The broker offers various bonuses, webinars for education, and free market analysis. The broker also offers seven different types of accounts, so that those of you that cannot gain interest due to religious reasons can trade here as well.

The spreads are very tight, and there are over 100 trading instruments. The leverage varies depending on equity position, but the one thing in common is that the leverage is large. The ability to compound gains through this is of course one of the biggest advantages of Forex and CFD trading – so with the massive leverage here – it is even better!

Customer Support

Customer support is available in various languages and at offices around the world. Because of this, you will find answers to any questions you have at almost any time of day or night in a relatively local number.

ForexTime presents dwell assist at any time from inside your account space, merely hit the chat icon and you may select a stay chat possibility together with choices for Telegram, Fb Messenger, Whatsapp or request them to name you.

Ultimate Overview

ForexTime is without a doubt a very interesting place to trade at. The massive variety of instruments offered makes this a great international broker, and is a great place to diversify your trading and investments. The spreads are very tight, and there are almost always bonuses available, (check the site) and as a result there is plenty of value to be found at this highly-regulated broker.

The ability to take advantage of the various markets allows the trader to utilize cross-market correlations, and the process of hedging in some other markets. Also, if you are trading CFDs, you can control leverage in a much more efficient manner than you can in the futures market or stock market. With this, you get the best of all worlds.

 

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