✅FXTM (Forex Time)Broker Review | Scam Status : ✅Safety
- Provide multiple execution strategies by account type
- Regulated by several agencies
- Including regulation outside the EU
- Provide crypto currency CFDs
- FXTM Invest supports automated trading
- CopyTrading
- ECN accounts have leverage limit requirements and margin limits
- Certain market areas are divided by account type
- ECN accounts can only add stop loss and limit orders after execution
- The maximum order volume per transaction is 30 standard lots
What is FXTM (Forex Time) ?
The full name of FXTM is Forextime Ltd was founded in 2011 by Andrey Dashin, who is also a major shareholder of online broker Alpari. Since the launch of FXTM, the platform has been expanded to include the MT4 and MT5 platforms developed by MetaQuotes Software, headquarter local at Cyprus 35, Lamprou Konstantara Street, FXTM Tower, Kato Polemidia, CY-4156 Limassol.
FXTM is Safe or a scam?
We have check FXTM has regulation by a list of Country & and government it’s safe to trading
CySEC (Europe):Company Registration Number: 185/12
FCA(UK):Company Registration Number:777911
BaFin(DE): Company Registration Number:151031
BDF(FR): Company Registration Number:76205
FSCA(SA)Company Registration Number:46614
FXTM’sLeverage
CySEC (Europe) & FCA(UK):
- x30 for major currency pairs
- x10 for commodities
- x5 for CFD stocks
- x2 for Cryptocurrencies
Trading fees
No Stock Trading fee
Stock and ETF spread 0.09%
Forex spread is between 1~3 pip
Deposits and Withdrawal
Minimum deposit :3$ fee are 0 %
amount is only 50$ allowing to open either Micro Account or a Standard One, in case you wish to trade with ECN account minimum deposit is competitive also, demanding 500$ as a start. However, the amount varies according to the chosen payment method and trading account validation status. Yet, you can read and find all the necessary info in the Members Area.
list of Major support deposit:
| Transfer method | Transfer currencies | Commission | |
|---|---|---|---|
 |
Mastercard | USD, EUR | 0% |
 |
Visa | USD, EUR | 0% |
 |
Bank transfer | USD, EUR | Your bank’s commission |
 |
China Union Pay (CUP) | CNY | 0% |
 |
NETELLER | USD, EUR, INR, BRL | 0% |
 |
Skrill | USD, EUR | 0% |
 |
PayPal | USD | 0% |
Minimum Withdrawal: 25$ fee is 3$
no matter how much money you withdraw is Free each time, but by wire, transfer bank could be take up to 20 $ this has taken by the bank
withdrawal are spend 3~8 days by wire tradsfer
withdrawal are spend 3~5 days by Credit card depend bank working days
Trading Platform
Although MT4 and MT5 are standard versions, on the surface, there is little difference between the broker’s platforms, but in terms of pricing, execution efficiency, and transaction management, there may be significant differences in the way the platforms are configured.
In addition to the types of spreads, tools and account types, the following are the experience differences between FXTM’s MT4 and MT5 platform settings and the default MetaTrader:
Provide WEB version of MT4 and MT5;The MT4 installation file for MAC OS contains the Windows emulator installation package.
Unlike the signal market in MetaTrader, the broker provides additional automated trading through its FXTM Invest platform, with more than 750 strategy providers. But these are only available to people with ECN Zero accounts to use on the MYFXTM portal.
Social Copy Trading provide Automatic following thought other high skill Trader , therefore although some people wasn’t have enough financial acknowledge they still able to make money from Fx or Stock market , depend risk of trader they copy .
Customer Service
FXTM offering fantastic Customer Service you can use popular application which is :
-
- Live Chat
- Viber
- Telegram
- Facebook Messenger
- Phone Call Back
24/5 customer service language option established centers in the Asia region including Indonesia, Malaysia, Thailand, China, as well as Africa region, Europe and more, so it is true to state FXTM covers the major world language
Education
FXTM provides research on daily technology and basic news analysis from its internal analyst team. They publish blog updates and daily videos as well as quarterly market forecast reports.
The broker provides an economic calendar supported by FXStreet, which also spreads news headlines on its platform and website.
Research Conclusion
FXTM provides research on daily technology and basic news analysis from its internal analyst team. They publish blog updates and daily videos as well as quarterly market forecast reports.
Summary
FXTM provides multiple account options for traders, each of which has pros and cons, from margin to order execution method, tradable market and different pricing rules. For example, one of the advantages of ECN accounts is more competitive pricing, but compared to standard accounts, stop-loss and take-profit prices can only be added after the order enters the market. This restriction is unreasonable.
In addition, if traders want to trade CFDs on stocks, they need to open separate accounts and cannot share foreign exchange accounts, which is very inconvenient.
All in all, FXTM provides a variety of options for MT4 and MT5, and a wide range of account options allows traders to operate flexibly. In addition to Bitcoin, the addition of more cryptocurrency CFDs also complements FXTM, although it is still not tradable on weekends.
It is difficult for inexperienced traders to choose among the many account types of FXTM. In an ideal situation, we hope that the broker can simplify this selection process and recommend the appropriate account type for different experience levels. Finally, the broker’s own automated trading strategy and the trading signal service provided by the internal research team have a good yield.
Specification: ✅FXTM (Forex Time)Broker Review | Scam Status : ✅Safety
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5 reviews for ✅FXTM (Forex Time)Broker Review | Scam Status : ✅Safety
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Godspower Dinee Laago –
Never trade because of bad news or good news. Trading successes does not depend on the opinion of one person. It is based on the application of your information, and experience as a trained trader. Fear factor is a function of your inexperience and dependent on other people’s judgement. As a FXTM trader, your confidence level in the trading market is normal and can be managed by you. Every step on the way, you can see what you input.
We teach you how to manage your every up and down trade and maximize your profits from start to finish without fear.
FXTM is here to retrace and help you recover your lost confidence in forex market. It is the only forex trading company that can give you that money, wealth you have craved to have but yet little time spent with no work done.
You may lose all your investment here if you don’t follow instructions and stick with your strategy that you designed for yourself. So we teach you how to design and plan your own strategy for better trading experience.
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Nike Sun –
The mobile app pleases with its simplicity and user-friendly interface. The developers did their best, you can see right away. Technical support is fast and competent
JnhArini –
Perfect for covering all markets and thousands of instruments just on a mobile app. Thank you !