Broker Details
| Minimum Trade Size: | 0.01 |
|---|
| Maximum Leverage: | 2000:1 |
|---|
| Minimum to Open Live: | $10 |
|---|
| Established: | 2011 |
| Address: | Exinity Limited, 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Ebene 72201, Mauritius |
| Contact: | support@fxtm.com, +44 20 3734 1025 |
| Regional offices: | |
| Regulators: | CySEC # 185/12, FSC Mauritius #C113012295, FSCA #FSP No.46614, FCA #777911 / 600475 |
| Prohibited countries: |
| Trading platforms: | MT4, MT5, WebTrader |
| Web Trading: | Yes |
| Mobile Trading: | Yes |
| ECN: | Yes |
| Currencies: | (55+) |
| Cryptocurrencies: | (4) Bitcoin, Litecoin, Ethereum |
| CFD: | (190+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities |
| EAs/Robots: | Yes |
| News Spike Trading: | Yes |
| Scalping: | Yes |
| MAM: | Yes |
| Deposit Methods: | Bank Wire, VISA, MasterCard, Alfa-Click, Bitcoin, CASHU, Dash, DixiPay, DusuPay, Ether/Ethereum, FasaPay, Globe Pay, Konnexone, Litecoin, Local Bank Transfers, Maestro, Neteller, Ngan Luong, PerfectMoney, Qiwi, Skrill, VLoad, Yandex Money |
| Withdrawal Methods: | VISA, MasterCard, Bitcoin, Dash, DixiPay, DusuPay, Ether/Ethereum, FasaPay, Globe Pay, Konnexone, Litecoin, Local Bank Transfers, Maestro, Neteller, PerfectMoney, Qiwi, Skrill, UnionPay, VLoad, WebMoney, Yandex Money |
ForexTime.com profile provided by ForexTime (FXTM), May 15, 2018
ForexTime Ltd (FXTM) is an international online forex broker and is authorized and regulated in various jurisdictions. Our mission is to maximize the value our clients derive from their most precious commodity, "Time"! By offering advanced and innovative services, optimal customer care and perpetual devotion to our clients, we ensure that individual needs are always met as markets continue to evolve over time.
Clients benefit from segregated accounts at top-tier banks, secure deposits & withdrawals, powerful leverage, tight spreads starting from 0.1 pips, the ability to trade 250+ instruments, a variety of optimised account types on the Metatrader 5 & 4 platforms, exciting new promotions & contests. Plus, ForexTime places great emphasis on the importance of education and enables traders to improve their skills through online FX courses, local seminars and frequent webinars.
Check out the all new education section filled with videos, articles and other tools to help elevate trading skills: https://www.forextimeid.com/education/learn-forex-trading
ForexTime Ltd:
FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia 4156, Cyprus
Tel: +357 25558777
FXTM Nigeria, Abuja
1st floor, Suite 109, Obum Place, Plot 1140, No. 16, Adetokunbo Ademola Crescent, Wuse 2, Abuja, Nigeria
Tel: +234 803 153 4373
nigeria@fxtm.com
ForexTime Ltd (FXTM) Nigeria, Lagos
3rd Floor, 5, Allen Avenue, Ikeja, Lagos, Nigeria
+234 14 6015 86 / +234 908 7352 313 / +234 803 4573 593
nigeria@fxtm.com
Customer Support:
Tel: +44 203 734 10 25
Mon - Fri 02:00 - 20:30 GMT+2*
*GMT+3 during Daylight Saving Time
FXTM Live Chat link: http://fxtm.co/startchat
Whatsapp: +447593612469
Viber: +447593612469
Telegram: https://t.me/FXTMftg_bot
Facebook Messenger: http://m.me/ForexTime
Languages:
- English
- Arabic
- Chinese (simplified & traditional)
- Czech
- French
- Hindi
- Indonesian
- Polish
- Spanish
- Italian
- Farsi
- Korean
- Malay
- Russian
- Thai
- Urdu
- Vietnamese
Our Trading Instruments
- FX Majors, Minors, Exotics
- Spot Metals
- CFDs on Commodities
- ETF CFDs
- Share CFDs
-Cryptocurrency CFDs
Our Trading Platforms
- FXTM WebTrader
- MetaTrader 4
- MetaTrader 5
Account Types Offered:
- Standard Account (MT4)
- Cent Account (MT4)
- Shares Account (MT4)
- ECN Zero Account (MT4)
- ECN Account (MT4 / MT5)
- FXTM Pro Account (MT4 / MT5)
FXTM Invest: THE ULTIMATE COPY TRADING PROGRAMME
https://www.forextimeid.com/investments/fxtm-invest/copy-trading
FXTM brand is authorized and regulated in various jurisdictions.
ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, licensed by the Financial Services Board (FSB) of South Africa, with FSP No. 46614. The company is also registered with the Financial Conduct Authority of the UK with number 600475 and has an established branch in the UK.
FT Global Limited (www.forextime.com) is regulated by the International Financial Services Commission of Belize with License numbers IFSC/60/345/TS and IFSC/60/345/APM.
Card transactions are processed via FT Global Services Ltd, Reg No. HE 335426 and registered address at Tassou Papadopoulou 6, Flat /office 22, Ag. Dometios, 2373, Nicosia, Cyprus, a wholly owned subsidiary of FT Global Ltd. Address for cardholder correspondence: backoffice@fxtm.com.
Risk Warning: Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the FXTM brand based on the legal requirements in his/her country of residence. Please read FXTM’s full Risk Disclosure.
Regional restrictions: FXTM brand does not provide services to residents of the USA, Belize, Japan, British Columbia, Quebec and Saskatchewan and some other regions. Find out more in the Regulations section of our FAQs.
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Traders Reviews
Withdrawal through dusupay is very horrible.
Service use: Live
Length of use: 6-12 Months
Please traders beware of fxtm. they refuse to payout.
Service use: Live
Length of use: 6-12 Months
Transaction id number : 5757819. And it has been 3 weeks now still no money received and they keep telling me i rather should contact payment processor that they can't be held responsible if they send to processor and the payment processor fails to send to me. if they even sent it in the first place
They are manipulated prices!!! And their ECN account is fake!!!
Service use: Live
Length of use: 0-3 Months
Please be aware of this scam broker!!!!
Forextime are manipulated prices!!!
I have an ecn account and I opened sell positions on crude oil on 22/5 and they closed them on 26/5 as stop out on 34.89 while the highest price of crude oil on this day on platform of more than 3 others broker in addition to trading view was 34.78!!!
When i sent to them to compalints they replied with saved reply already. In addition to their account manager who i reached him to facilitate things between back office and writer but unfortunately he was the least professional of account manager i found accusing other brokers and name them as market maker!!
Im sorry but you are the truly market maker and you are assuming having ECN accounts while to mislead traders while you are manipulating prices!!!!
Please avoid this broker....forextime are untrustworthy broker!!!!
Withdrawal
Service use: Live
Length of use: 0-3 Months
Terrible experience
Service use: Live
Length of use: over 1 Year
The worst Broker out there
Service use: Live
Length of use: 0-3 Months
1. Fxtm is the worst broker I have ever come across.
2. Fxtm's spreads are very high, they are too greedy.
3. Their withdrawal process is horrible; they will keep holding your money until you'll start crying.
4. Deposit process takes a lot of time. It took me almost a week for them to fund my account.
5. Their customer service is nice, but their main intention is to lure you and steal your money through their dangerous spreads.
My advice for anyone about to use FXTM: DON'T EVER TRADE WITH FXTM IF YOU LOVE YOUR MONEY.
FXTM pays websites to give them good review.
For new traders intl the forex world, dont ever near fxtm cause they will make you regret it; They will discourage you with their horrible spreads, comission, withdrawal and deposits.
RUN AWAY FROM FXTM!!!
Kindly note that the processing time for each payment method is different and can be found on our Deposits and Withdrawals page: https://www.forextime.com/trading-accounts/deposit-withdrawals#tab-deposit?utm_blocka=social&utm_source=facebook&utm_medium=social&utm_campaign=pm
The processing time might be longer if we need to request and verify additional information. Please also note that we reimburse 100% of any charged on all deposits.
If you still have any quesion regarding payment process we kindly ask you to send us your MyFXTM number and the request number to social@fxtm.com. We will be glad to see into your case and provide you with a detailed response in the shortest time possible.
Forex time is a scam and it's not reliable
Service use: Live
Length of use: 3-6 Months
Surprisingly yesterday I was allowed to withdraw only 500 us cent and immediately I withdrew it my withdrawal account was blocked.
The sent me a mail giving me so many protocols to withdraw who does that? Is it not a scam tell me their support office doesn't even want to reply my mails.
To helm with your protocols its my money all I want is to withdraw it and leave this wicked company I would never recommend here I would make sure I Would drive all ur potential customers till I can withdraw
Update to my previous review
Service use: Live
Length of use: 0-3 Months
Given the fact that they owned up to their mistake and took action to provide a full refund, I am quite happy to upgrade them to a 4 star rating. It would have been 5 stars but the technical fault did happen and I could have done without the stress.
Final word is that they are ok to use.
May 13, 2020 - 2 Stars I have been trading FX for many years now. I have traded with most companies out there and only occasionally do I resort to leaving a review.
First the good. They deposit and withdrawal procedure is quick and easy via Neteller(I can't comment on other methods). They have an account manager who is generally quite responsive.
Now the bad. I had a short oil trade going for about a week. I traded with FXTM specifically because the short swaps were good. It means you can hold on to the position as long as you like waiting for profit, unlike when you have to pay swaps. This morning I woke up and found that they had zeroed all my swaps(about 1200 euro) and had further levied an overnight finance charge on all my positions.
To add insult to injury, they even stole the swaps on a EURUSD position that I hold long term to hedge my trading funds(funds are in euro but I live in USD, so I don't want my trading capital to be affected by EURUSD).
In short, I would recommend staying away from this broker but won't label them as a scam.
FXTM - CRIMINAL BEHAVIOUR
Service use: Live
Length of use: over 1 Year
If we need to request and verify additional information, the processing time might be longer. Please note that we reimburse 100% of any charged on all deposits. We kindly ask you to send us your MyFXTM number and the request number to social@fxtm.com. We will see into your case and provide you with a detailed response.
Frequently Asked Questions
Is ForexTime a good broker?
Unbiased traders reviews on ForexPeaceArmy is the best way to answer if XXX is a good broker. https://www.forexpeacearmy.com/forex-reviews/9209/forextime-forex-brokers
Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
Additionally, we'd recommend to check recent ForexTime community discussions: https://www.forexpeacearmy.com/community/tags/forextime/
What is the minimum deposit for FXTM?
The minimum deposit for FXTM is variable depending on the type of the account.
- Standard Account: minimum deposit is $100
- Cent Account: minimum deposit is $10
- Shares Account: minimum deposit is $100
- ECN Account: minimum deposit is $500
- ECN Zero Account: minimum deposit is $200
- FXTM Pro Account: minimum deposit is $25,000
Is FXTM a legit company?
FXTM is a brand name of ForexTime Group. ForexTime Group is authorized and regulated in various jurisdictions.
ForexTime Limited (EU):
- is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12,
- is licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614.
ForexTime UK Limited:
- is authorised and regulated by the Financial Conduct Authority of UK with license number 777911.
Exinity Limited:
- is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number C113012295.
What is FXTM standard account?
FXTM standard account, the name self explains, offers traders the ability to trade standard lots. It boasts below features:
- Trading Platforms: MT4 / MT5
- Account Currency: USD / EUR / GBP / NGN
- Leverage / Margin: Floating from 1:2000
- Minimum deposit: $100
- Commission: No
- Spread: From 1.3
- Margin Call: 40%
- Micro Lot (0.01): Yes
- Mini Lot (0.1): Yes
- Standard Lot (1): Yes
- Minimum Volume in Lots per Trade: 0.01
- Maximum Volume in Lots per Trade: 30
- Maximum Number of Orders: 100
- Maximum Number of Pending Orders: 100
Service use: Live
Length of use: 3-6 Months
FXTM BROKER IS SCAM BROKER... LET'S START A CAMPAIGN TO REVOKE THEIR LICENSE JUST LIKE JPMARKETS SUFFERED.
SHAME ON FXTM PRETENDING TO BE PROFESSIONAL...FAKE ECN ACCOUNT TOO...
I am currently trying to file complaints at the licensing authorities too to see if it helps. Forexpeacearmy please help us fight for my funds...