FXTM (ForexTime)

Details

Broker FXTM (ForexTime)
Website URL forextime.com
Founded 2010
Headquarters London, UK
Support Number 357 25 55 87 77
Support Types Live Chat, Phone and Email
Trading Platform MetaTrader4, MetaTrader5, WebTrader
Minimum 1st Deposit $5
Minimum Account Size $5
Bonus Loyalty Cashback, $4 for Every Lot
Leverage 1000:1
Spread from 0.0 pips
Free Demo Account Open Demo
Regulated Yes
Regulation CySEC , IFSC
Account Types Standard Account, Cent Account, Shares Account, ECN Account, ECN MT5 Account, ECN ZERO Account, ECN Strategy Account, FXTM Pro Account
Deposit Methods China UnionPay , Credit/Debit Card , Neteller , Skrill , Webmoney , Yandex.Money , Maestro , Payza, Dotpay, Alipay, Alfa-Click, Western Union Quick Pay, Bank Wire
Withdrawal Methods China UnionPay , Credit/Debit Card, Neteller , Skrill , Webmoney , Yandex.Money , Payza, Bank Wire
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 4.65/5

Pros

  • Extensive Localized Customer Support
  • Hedging and Scalping permitted
  • Multi Jurisdictional Regulatory Oversight
  • Regular Promotional offers
  • Support Copy Trading

Cons

  • Only MetaTrader series of platforms provided

Review

The FXTM brand was initially launched in 2011 with a unique vision to provide unparalleled superior trading conditions, advanced education and state-of-the-arttrading tools in the forex industry. As a result of a continuous focus on localizing FXTM products and services to suit each market, together with FXTM successful collaboration with talented and experienced teams from all over the world, FXTM was quickly established as the global trademark it is today.

FXTM core mission is centered on the most precious commodity of all – time. By valuing time and understanding the importance of efficiency in the fluctuating, lighting-fast world of financial markets, every decision they make is designed to ensure that FXTM clients and business partners, as well as their team of professionals, invest their time wisely. This road is paved by an ironclad focus on educating FXTM customers.

Trading Conditions

  • Leverage: Floating up to 1000:1
  • Scalping: Allowed.
  • Expert Advisors: Allowed.
  • Hedging: Allowed.
  • Trailing Stop: Yes.
  • Spreads: From 0.5 pips with a standard account, from 0 pips with an ECN account.
  • Commission: $0.50-2 per lot with ECN accounts.

ForexTime offer an impressive amount of leverage with floating leverage up to 1000:1.While this is an impressive degree of leverage, traders need to be aware that leverage can increase both the magnitude of their profits and losses. Both the use of Expert Advisors and scalping strategies are permitted which will be a positive to many traders who want to either scalp or automate their trading. The most impressive thing about the offering from ForexTime is the spreads offered to its clientele. Even those who don’t have an ECN account can take advantage of very competitive spreads. When it comes to the rates of commission charged ForexTime’s ECN accounts are particularly impressive charging very competitive rates of commission. Rather innovatively ForexTime offer a ECN account where traders can share their profits with the brokerage rather than pay commission which is certainly very interesting. Overall, the trading conditions on offer at ForexTime are very favourable.

Instruments

  • Number of Currency Pairings: 60 pairings; major, minor and exotic.
  • Other Instruments: Spot Metals, Commodities, Shares and ETF’s through Contracts-for-difference.

ForexTime as the name suggests is focused on Foreign exchange trading, with the brokerage offering a comprehensive range of currency pairings. Clients of ForexTime should be able to trade all the currency pairings they desire with the brokerage offering a comprehensive range of major, minor and exotic currency pairings. In addition to offering spot Forex, the brokerage also offers a range of CFD’s allowing traders to trade commodities, spot metals, shares and ETF’s. This is quite an impressive range of financial instruments and will surely be attractive to those who want to trade a range of different instruments.

Customer Support

Customer support services at FXTM are provided on a 24/7 basis and are multi-lingual. Traders can access the support services through email, live chat or the telephone. For telephone support, traders also have access to localized support service for the following countries:

  • China
  • Cyprus
  • Czech Republic
  • France
  • India
  • Indonesia
  • Malaysia
  • Nigeria
  • Poland
  • South Korea
  • Spain
  • Thailand
  • United Kingdom

The support provided by FXTM also extends to providing their traders with ancillary trading tools such as:

  • Currency Converter
  • Economic Calendar
  • Forex News Timeline
  • Margin Calculator
  • Market Analysis from Forex Circles

Account Types

* Spread may increase depending on market conditions.

** The Leverage / Margin requirements may be subject to change as a result of applicable regulations in your country of residence. For residents of Poland, the maximum leverage is 1:100.

ECN accounts

** The Leverage / Margin requirements may be subject to change as a result of applicable regulations in your country of residence. For residents of Poland, the maximum leverage is 1:100.

Visit Broker

Social reviews ebrokers.cc
Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. All information on ebrokers.cc is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.
Copyright © 2017. All Rights Reserved. eBrokers.cc