✅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 #11 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
7
Trust Rating
10
Deposits and Withdrawal
10
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
FXTM Forex Time offical website
FXTM Forex Time offical website

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 checked that FXTM (Forex Time) is subject to national/regional and government regulations, so it is also suitable for safe transactions and negative balance protection. Therefore, if your loss exceeds your deposit, your loss of funds will not exceed your own capital, if In the event of certain uncontrollable market risks, you will not need to pay additional losses in excess of the principal

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’s Leverage

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

FXTM Forex Time Deposits and Withdrawal
FXTM Forex Time 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:

Deposit/Withdrawal methodCurrencyFee
MastercardMastercardUSD, EUR0%
Visa-CardVisaUSD, EUR0%
Swift國際電匯Bank transferUSD, EURAccording to bank charges
銀聯卡China Union Pay (CUP)CNY0%
NETELLERNETELLERUSD, EUR, INR, BRL0%
SkrillSkrillUSD, EUR0%
✅FXTM (Forex Time)Broker Review | Scam Status : ✅Safety world leading stock & Fx broker views platform Get access to the most complete set of independent reviews of Forex brokersBTCUSD 0%
✅FXTM (Forex Time)Broker Review | Scam Status : ✅Safety world leading stock & Fx broker views platform Get access to the most complete set of independent reviews of Forex brokersUSDTUSDT 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 taking up to 20 $ this has taken by the bank

withdrawal is spending 3~8 days by wire transfer
withdrawal is spending 3~5 days by Credit card depend bank working days

Trading Platform

FXTM Forex Time Mobile APP
FXTM Forex Time Mobile APP

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 Meta Trader:
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 Meta Trader, 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 having enough financial acknowledge they still able to make money from Fx or Stock market, depend risk of trader they copy.

FXTM Forex Time Copy Trading
FXTM Forex Time Copy Trading

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 Forex Time Research Conclusion
FXTM Forex Time 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.

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Trading Conditions
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Trading Fee
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Trust Rating
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Deposits and Withdrawal
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Customer Service
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APP
7
User friendly
7
PROS:
  • low trading fee
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  • over150,000+ financial products
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CONS:
  • only support bank transfer
  • not support Friendly UI or lite platfrom
  • high withdrawal fee
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Trading Conditions
8.5
Trading Fee
8
Trust Rating
3
Deposits and Withdrawal
10
Customer Service
8
APP
8
User friendly
10
PROS:
  • Real-time news
  • Above average product offering
  • Transparent pricing
CONS:
  • Relatively high fees
  • No anonymous demo account
  • Weak educational platform
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Trading Conditions
8
Trading Fee
10
Trust Rating
5
Deposits and Withdrawal
10
Customer Service
5
APP
7
User friendly
7.5
PROS:
  • Free online course
  • Create multiple sub account
  • Low withdraw fee
  • Availability of Live Chat
  • Customer-friendly layout
  • Supporting Android and iOS
  • Copytrading
CONS:
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Swissquote Swissquote Bank, also known as Swissquote Group Holding SA, is a Swiss bank group specializing in online financial and trading services. The group’s shares have been listed on the Swiss Stock Exchange since May 29, 2000. The stock code is SQN. The group’s headquarters are located in Grande, Switzerland, the company also has offices in Zurich, Bern, London, Dubai, Hong Kong, Malta, Singapore and Luxembourg and has 722 employees.

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Trading Conditions
10
Trust Rating
10
Trading fee
7
Deposits and Withdrawal
3
Customer Service
10
APP
10
User friendly
10
PROS:
  • Provide bank card
  • Real stock
  • CFD stock
  • ETF trading
  • Option
  • Multi-currency bank account
  • Trusted government regulation
CONS:
  • Higher spreads
  • Low leverage
  • Account opening procedures cumbersome

Reference

FXTM (Forex Time) wiki

FXTM (Forex Time) Cysec

MT4 and MT5 Trading platform introduce

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

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