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Forex Time (FXTM) Review

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Basic Info

Company Name: Forextime Ltd
Founded: 2011
Country: Cyprus
Phone: +44 20 3734 2255, +357 25 55 8 777
Regulators: FCA, CySEC, FSB, IFSC
Network: forextime, FXM
Support Options: Email, Live Chat, Phone
Platforms: MetaTrader 4, MetaTrader 5
Minimum Deposit: $5

Screenshot

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Funding Methods

Deposit Options: credit card, Debit card, Local Bank transfer, Moneybookers Skrill, Neteller, WebMoney, Wire Bank Transfer
Withdrawal Options: Local Bank transfer, Moneybookers Skrill, Neteller, WebMoney, Wire Bank Transfer

Hits and Misses

  • Fully licensed
  • easy withdrawals
  • popular software
  • Delay in withdrawals & deposits

FXM

Forex Time – Fast Growing And Continuous Success

Forex Time (FXTM) started its operations in 2011 and is the financial trading section of FT Global Services Ltd, which offers financial services for investors worldwide. The company has it’s headquarters in Cyprus and also a branch in Belize. It provides a trading platform that offers over 250 instruments for currencies, metals, commodities, shares, and cryptocurrencies.

It quickly established a substantial presence in the markets and achieved success in a very short period of time. FXTM has a focus on its services meeting the specific needs of each individual market that they offer. Over the years following its launch, FXTM received quality awards every year for customer service, and as the fastest growing Forex broker across Europe, Asia, the Middle East, and Africa. Some of the most important are:

  • 2013 – most innovative product
  • 2014 – most educational broker
  • 2016 – best FX broker
  • 2017 – best global customer service

Forex Time Has Customer Focus

FXTM makes customer satisfaction a top priority, and it shows, as they continually win international awards for innovative products and services. The company is backed by strong management teams and analysts who are extremely experienced and focused on the total quality concept. It also provides social trading, which allows novice traders to copy and learn from the transactions of professional experts.

This broker offers an intensive collection of educational tools, including e-books, tutorials, videos, and webinars. FXTM also provide trader subscriptions for signal services, trading tools, a market analysis portal, an economic calendar, and currency converter. It has a huge range of premium services available on its platform, along with a variety of promotional offers and competitions for both its demo and real account customers.

Proven And Reliable Trading Platforms

Forex Time provides both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, developed by leading trading solution provider, MetaQuotes Software Ltd. These platforms are both fast and easy when executing transactions and execute minimal technical errors. The MT4 platform is the most popular within the industry, as it has a host of benefits for traders:

  • User-friendly – perfect for all levels of trading experience
  • Multiple languages – meaning traders can customize the platform
  • Advanced charting – allowing traders to analyze detail in the markets
  • Expert advisors – lets traders automate the process
  • Security – uses 128-bit encryption for data safety

MetaTrader 5 is built on the continuing success of the original MT4 platform. It comes with some advanced features and technology improvements, including improved navigation. It is ideally suited to traders that handle multiple accounts, as they can switch windows effortlessly for a better trading focus. It also has more technical indicators added for greater flexibility and market evaluation.

Over 250 Financial Instruments To Trade

This broker offers traders more than 250 financial instruments including:

  • Forex – customers can trade in over 60 currency pairs, with floating leverage up to 1000:1 and low spreads
  • Metals (silver & gold) – with floating leverage up to 20:1
  • Share CFDs – more than 180 stocks with floating leverage up to 33:1
  • CFD’s on commodities and Indices such as CAC, DAX, and S&P
  • Cryptocurrency CFDs including Bitcoin, Ethereum, Litecoin and Ripple

Ease Of Withdrawal And Deposit

FXTM offers a wide selection of accounts to suit different traders, from professional experts to Forex beginners. There are 6 different types of accounts in two different main groups. The Standard Accounts are particularly suitable for small deposit holders, offering 3 different options for Standard, Cent and Share. ECN accounts are more suitable for larger deposit holders. Within each group, you can find multiple terms for leverage, deposit and withdrawal amounts, pricing quotes and the instruments available.

This broker also has more than 30 different deposit and withdrawals options for clients worldwide. There are the standard options of Visa, Mastercard, and Maestro, along with a large selection of e-Wallets such as Neteller and Skrill. Customers can also opt to use Bitcoin and Bitcoin via Skrill, together with over 20 local country options, such as China Online Banking.

All these methods are free of charge for deposits as the broker charges no commission. Deposits are carried out immediately, while withdrawal times will depend on the chosen method. Forex Time continually strives to make the process easier and faster, and it accepts small deposits from a minimum of C$5.

High-Quality Customer Support

Forex Time makes great efforts in maintaining existing customer satisfaction and to win new clients. Their support services are available 24/7 in eight languages, and the website is translated to more than 17. There are a variety of methods of communication including live chat, phone, and Skype. Also, the site is organized, easy to navigate, and there is an informative FAQ section provided to answer any basic questions.

FXTM supports traders, especially beginners, with a full range of specialized services, general guidance, articles, and teaching aids. There are also many advanced risk management services provided by them, which include trading signals and daily market analysis. A whole section dedicated to education provides every level of traders with information and tools, from beginners seminars to advanced Forex trading strategies.

Mobile Trading For Traders On The Move

The FXTM platform is available for smartphones and tablets, allowing traders to view the latest financial developments and control their trading accounts wherever they are. Both MT4 and MT5 are available for download as mobile trading apps for all traders on Mac, Windows, Android, and iOS. Also, clients can trade via the web, without any need to install an app.

The company also has its own trading app, Forex Time App, which is continuously being developed to suit the evolving needs of traders. With this app, traders can securely log in to their account, deposit, withdraw and monitor their funds. They can also keep track of all the latest signals and subscribe to sophisticated trader strategies with FXTM Invest.

Whatever option traders choose, they are always able to open either a live or demo account and experience the utmost in flexibility for executing transactions.

Secure, Regulated And Licensed

Forex Time is a fully licensed and regulated broker that has a solid reputation for reliability and transparency. It has won multiple global awards every single year since its launch and is subject to the control and supervision of a large number of financial institutions in different countries, including:

  • Cyprus Securities & Exchange Commission (CySEC) – license number 185/12
  • Financial Services Board (FSB) in South Africa – FSP No 46614
  • Financial Conduct Authority in UK – 600475
  • International Financial Services Commission in Belize – license numbers IFSC / 60/345 / TS and IFSC / 60/345 / APM.

Premium Services From FXTM

This broker promotes a “unique trading experience” with core values of trust and respect, which they endeavor to tailor to clients individual needs. As well as a Forex news portal, traders receive a full toolbox of free, useful risk management and technical analysis tools.

  • Daily Market Analysis – extensive market analysis and insights on the currency markets
  • FXTM Trading Signals – technical analysis across a wide range of financial instruments
  • FXTM Pivot Point Strategy – a choice of pivot point calculations and technical indicators
  • Economic Calendar – live major economic indicators, news and alerts
  • Forex News Timeline – live market news directly on the MetaTrader platform
  • Currency Converter – calculates foreign exchange rates for major currency pairs
  • Margin Calculator – risk management by calculating your risk
  • Pip Calculator – estimates potential profits or losses before starting to trade
  • Profit Calculator – determines gains or losses at different market prices

Regular traders also receive a host of premium extras including multilingual personal account managers and exclusive VIP privileges. FXTM also provide numerous deposit bonuses and varied, exciting offers and promotions for all traders. The loyalty rewards scheme, for instance, awards withdrawable cashback rebates to loyal traders. They can progress through 5 levels of reimbursement and are continuously rewarded for up to 6 months. All they need to do is stay in the promotion and continue to trade!

Transparent Reliability And Safety

FXTM works hard to create a secure and reliable trading environment for all its clients and has quickly become a respected industry leader. The company provides services to over 10,000 customers across 99 countries worldwide and remains wholly committed to providing complete transparency in all matters.

It abides strictly by the regulations relating to the safety of clients money, which are segregated from the companies operational funds, and kept in top-tier European Union banks. This company has the very latest technology, including SSL encryption to ensure network security and protect the data of clients and their transactions. All credit card transactions are also processed via FT Global Services Ltd, Registration No. HE 335426.

Forex Time has developed a proven record of outstanding customer satisfaction and innovation. This has been achieved by listening and responding to suggestions and developing products and services to meet their needs directly. If you want to try out this high-quality trading service, then take a tour of the website, open a demo account, and try out the advanced trading technology for yourself.

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