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FXTM Review
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Overview
Company

ForexTime Limited

Broker Type

Forex

Regulated By

International Financial Services Commission of Belize with License numbers IFSC/60/345/TS and IFSC/60/345/APM.

Headquarters

Cyprus

Foundation Year

2010

Number Of Employees

100

Website

www.forextime.com

Phone Number

357 25 55 87 77

Email Address

[email protected]

Min. Deposit

$5

Deposit Options

China UnionPay, Credit Card, Maestro, Neteller, Payza, Skrill, Webmoney, Yandex.Money

Withdrawal Options

China UnionPay, Credit Card, Moneybookers, Neteller, Payza, Skrill, Webmoney, Yandex.Money

24 Hours Support

Yes

Support During Weekends

No

Account Types

Standard Account
Cent Account
Shares Account
ECN Account
ECN MT5 Account
ECN ZERO Account
ECN Strategy Account
FXTM Pro Account

Trading Platforms

MT4 / MT5 for PC
MT4 / MT5 for MAC
MT4 / MT5 for Android
MT4 / MT5 for iPhone/iPad
Web Trader

Company Intro

Established in 2012, ForexTime or FXTM was the brainchild of Andrey Dashin, the founder of the well known Alpari brand. The FXTM brand is owned and managed by the holding company FT Global Services Ltd and its subsidiary company FT Global Services Ltd. Based in Belize and Cyprus, FXTM is regulated by the Cyprus Securities Exchange Commission (CySEC), the Belize’s International Financial Services Commission (IFSC) and South Africa’s FInancial Service Board (FSB).

Apart from offering online trading services for forex, FXTM also offers their clients trading instruments such as spot metals and contracts for difference (CFDs) for stocks, indices, commodities and ETFs.

FXTM Review

Trading Platforms

The backbone of FXTM trading platforms are the popular and proven MetaTrader series of platforms. The versions include both the MetaTrader 4 (MT4) and the MetaTrader 5 (MT5) platforms. The various versions provided by FXTM include:

  • MT4 / MT5 for PC
  • MT4 / MT5 for MAC
  • MT4 / MT5 for Android
  • MT4 / MT5 for iPhone/iPad
  • Web Trader

With the MT4 platform, FXTM’s traders get to:

  • Utilize cutting edge trading tools
  • Trade with all the major financial instruments
  • Enjoy automated trading with Expert Advisors
  •  As for the MT5 platform, the main features include:
  • MQL5 trading signals
  • A wide selection of trading orders
  • Level II Data

FXTM Review

 

FX Empire’s Awards:

Following the evolution of online forex trading, FXTM now also provide their clients with the facilities to conduct copy trading on their series of MetaTrader trading platforms. With the ForexTime copy trading service, FXTM’s traders can gain access to a wide range of trading signals which they can subscribe to. Once they have subscribed to the service, every trade made by the signal provider will be automatically copied. With this service, even beginner traders can now start trading like a pro.

Commission & Spreads

As with all STP and ECN brokers, the main attraction about these brokers has always been their low spreads. The same is also true of FXTM. The spreads here are priced up to 5 decimal places and start from as low as 0.1 pips for the standard accounts and 0.0 pips for the ECN based trading accounts. In addition, ECN accounts are charged a commission of $4 per lot each way.

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

 

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Pros

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

Cons

Can’t trade exotic pairs with swap free accounts
Minimum account balance of 25,000 EUR/GBP/USD required at all times to enjoy interbank rate spreads
Need separate Shares account to trade shares CFDs
Only MetaTrader series of platforms provided
Share CFDs are not traded based on real time

Rating
Our Rating
User Rating
Rate Here
Reliability
98%
87%
Customer Support
97%
92%
Friendly Trading Platforms
95%
95%
Conclusion

There are very few brokerage firms which have joined the industry with such an illustrious management team as FXTM. Hence, it is easy to understand why FXTM has what it takes to meet the expectations of a global clientele. Their numerous awards are all testimonies of FXTM’s efforts to live up to their corporate philosophy.

100%
Our Rating
91%
User Rating
2 ratings
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