✅FXTM (Forex Time)Broker Review | Scam Status : ✅Safety
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✅FXTM (Forex Time)Broker Review | Scam Status : ✅Safety

(5 customer reviews)
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7/10 (Expert Score)
Product is rated as #9 in category Broker
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.
Trading Conditions
10
Trading Fee
10
Trust Rating
10
Deposits and Withdrawal
9
Customer Service
10
APP
9
User friendly
8.5
PROS:
  • 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
CONS:
  • 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
Master Mastercard USD, EUR 0%
Visa Visa USD, EUR 0%
Bank transfer Bank transfer USD, EUR Your bank’s commission
China Union Pay (CUP) China Union Pay (CUP) CNY 0%
NETELLER NETELLER USD, EUR, INR, BRL 0%
Skrill Skrill USD, EUR 0%
PayPal 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
    • WhatsApp
    • 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

Minimum deposit

200$

Withdrawal fee

5$

Trading platform

cTrader, MT4, MT5

Forex Leverage

400

Stock Leverage

10

CopyTrading

yes

Forex pair

50+

Stock

1000~2000

ETF

100~200

5 reviews for ✅FXTM (Forex Time)Broker Review | Scam Status : ✅Safety

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  1. 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.

    Helpful(0) Unhelpful(0)You have already voted this
  2. Tammi

    I believe this is among the most important information for me.
    And i am glad reading your article. But wanna remark on few basic issues, The website taste is ideal, the articles is really
    nice : D. Just right activity, cheers

    + PROS: I believe this is among the most important information for me. And i am glad reading your article. But wanna remark on few basic issues, The website taste is ideal, the articles is really nice : D. Just right activity, cheers
    - CONS: I believe this is among the most important information for me. And i am glad reading your article. But wanna remark on few basic issues, The website taste is ideal, the articles is really nice : D. Just right activity, cheers
    Helpful(0) Unhelpful(0)You have already voted this
  3. Claudia

    Thanks for any other informative blog. The place else
    may just I am getting that type of info written in such an ideal way?
    I’ve a mission that I am just now running on, and
    I’ve been on the look out for such info.

    + PROS: Thanks for any other informative blog. The place else may just I am getting that type of info written in such an ideal way? I've a mission that I am just now running on, and I've been on the look out for such info.
    - CONS: Thanks for any other informative blog. The place else may just I am getting that type of info written in such an ideal way? I've a mission that I am just now running on, and I've been on the look out for such info.
    Helpful(0) Unhelpful(0)You have already voted this
  4. 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

    Helpful(0) Unhelpful(0)You have already voted this
  5. JnhArini

    Perfect for covering all markets and thousands of instruments just on a mobile app. Thank you !

    Helpful(0) Unhelpful(0)You have already voted this

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    ✅FXTM (Forex Time)Broker Review | Scam Status : ✅Safety
    ✅FXTM (Forex Time)Broker Review | Scam Status : ✅Safety
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