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FOREX TIME Overview
The ForexTIme is also known as FXTM, one of the big industry leader, the company was established by Andrey Dashin in 2011, who is moreover a vital investor of the online broker Alpari. ForexTime is a well-regulated broker in the Forex industry, they regulated by the UK, Cyprus, FCA, and also CySec. Its de facto headquarters in Limassol, Cyprus. Forex-Time is a MetaTrader based and STP ECN model broker. ForexTIme offers a lot of trading instruments such as Forex, CFDs for Indices & Commodities, Cryptocurrencies, Spot Metals, and Shares, and CFDs.
ForexTime Licence & Regulations
In the forex market, traders always want to join with a well regulated broker. ForexTime registered brand name is Exinity Limited and they got regulation and licensed from all top financial authority. It is regulated by the Financial Services Commission (FSC) of Mauritius which licence number is C113012295. They got the licence as an investment dealer in November 2013. ForexTime also regulated by the CySEC and FCA under license numbers are following 185/12 and 466614.
Broker Overview
| Website | Visit Website |
|---|---|
| Broker Type | STP/ECN Forex Broker |
| Demo Link | Open Demo Account |
| Founded | 2011 |
| Company | ForexTime Limited |
| Country | Cyprus |
| Headquarter | FXTM Tower, 35 Lamprou Konstantara Kato Polemidia, 4156, Limassol, Cyprus. |
| Regulation | CySEC licence no. 185/12, FCA licence no. 777911, FSB (South Africa) 46614, IFSC (Belize), SC/60/345/TS and IFSC/60/345/APM |
| Int Offices | Cyprus |
| Phone | +357 25 558777 |
| Fax | +357 25 558778 |
| [email protected] | |
| Website Lang | 18 Language |
| Accept Us Clients | no |
| Account Currencies | USD, EUR, GBP |
| Trading Platforms | MT5 for PC, MT4 for PC, MT4 Web Trader, MT4 for Multi Terminal, MT5 for Android, MT5 for iPhone, MT4 for Android, MT4 for iPhone. MT5 for Android, MT5 for iPad, MT4 for Android, MT4 for iPad |
| Promotions | 30% Forex Welcome Deposit Bonus up to 300 Dollar |
| No Deposit Bonus | No |
| Welcome Bonus | 30% Forex Welcome Deposit Bonus |
| Commission | Yes |
| Withdraw Options | Bank wire, Debit/Credit Card, Skrill, Neteller, OKPay, Payza, Western Union Quick Pay , FasaPay, China Union Pay (All options Depend on the Clients Country of Residence and the FXTM Entity that Client is registered with) |
| Account Funding Methods | Bank wire, Debit/Credit Card, Skrill, Neteller, OKPay, Payza, Western Union Quick Pay , FasaPay, China Union Pay (All options Depend on the Clients Country of Residence and the FXTM Entity that Client is registered with) |
| Other Trading Instruments | Yes |
| Min Deposit | $/£/€ 10 |
| Max Leverage | 1000:1 |
| Mobile Trading | Yes |
| Web Trading | Yes |
| News Trading | Yes |
| Type Of Spread | Fixed and even Negative |
| Minimum Spreads | 0.0 pips |
| Lowest Spread On Eur Usd | 0.2 pips |
| Precision Pricing | 4 and 5 digits |
| Free Demo Account | Yes |
| Mini Accounts | Yes |
| Islamic Accounts | Yes |
| VIP Accounts | Yes |
| Ecn Account | Yes |
| Swap Free Accounts | Yes |
| Segregated Accounts | Yes |
| Managed Account | Yes |
| Interest On Margin | Yes |
| Trading Contests | Yes |
| Hedging | Yes |
| Expert Advisors | Yes |
| One Click Execution | Yes |
| Oco Orders | Yes |
| Gold Silver | Yes |
| CFDs | Yes |
FXTM Trading Platforms
People who have FXTM accounts may utilize MT 4 and MT5 those platforms. This consistency with all the best forex trading platform removes the learning curve for people who change to FXTM from a different broker. Additionally, it suggests there is plenty of tutorials and resources available, both by FXTM along with other resources. That also means that traders receive all the fantastic features of their MetaTrader platforms.
Individuals who prefer to exchange on the move will also enjoy the aid of software for tablet computers and cellular devices.
In conditions of MetaTrader 5, customers get access to Level II information and all implementation modes. FXTM clients also get a wide array of order types and trading signs with MQL5.
Clients may utilize MetaTrader 4. Its user-friendly attributes are cutting-edge, and they’ll have access to each significant trading tools. ForexTime is also providing his clients with automatic trading and Skilled Advisors, which support multiple languages and currencies. Simply MT4, MT5 is open for virtually every device you can consider.
FXTM Mobile Trading
FXTM has standard MT4 & MT5 mobile apps for those IOS and Android-based devices. You can get all of the functionalities from the downloadable version of MT4 & MT5. These apps support 30 technical indicators, 24 analytical objects and 9 timeframes and so many other opportunities.
ForexTime Account Types
ForexTime brings user-friendly accounts for everybody. FXTM offers following these types of accounts CENT Account (with micro heaps) Shares Account, and Standard Account. Additionally, FXTM Pro MT5, FXTM Guru, the ECN Manager Account, and ECN Zero MT5.
Standard accounts are operating with (Meta Trader 4) MT4. In standard account include floating leverage from 1:1000, floating spreads, instant execution, a SWAP-free option, hedging, and no hidden commissions. A standard account can be in GBP, USD, EUR, or NGN.
ForexTime Cent Accounts also have instantaneous execution, and operating with (Meta Trader 4) MT4. Cent accounts also include floating leverage from 1:1000, floating spreads, instant execution, a SWAP-free option. The cent account is available in USD pennies, EUR cents, NGN kobo, or GB pence. They comprise Cent Lots and possess a minimum deposit of just 5 USD/EUR/GBP.
ForexTime’s Shares Accounts also utilise MT4. FXTM set leverage 1:10 for shares accounts and provides access to over 180 US shares. A shares account also can be in EUR, NGN GBP, or USD.
ForexTime Margin & Leverage
It is possible to view each one of the margin and leverage elements for ForexTime trades onto the right page on the broker’s website. All of the information is under the primary section of Trading Accounts.
The margin and leverage requirements are listed for ECN, ECN Zero and Standard accounts. Everyone can see the requirements in the sections of BTCUSD, ETHUSD, LTCUSD, RPLUSD, and FX exotics, spot metals, FX majors. Anyone can find the national value for GBP, EUR, USD, or NGN in addition to the leverage offered and drifting margin as a percentage.
Minimum and maximum deposit
It is depending on your choice. If you choose ECN, ECN Zero, or Standard account then you have to deposit minimum $/€/£ 100 or equivalent amount, Standard and Shares accounts have a minimum deposit of ₦20,000. FXTM didn’t set any restriction on any accounts types to the maximum deposit amount. A client can deposit any amount after the minimum amounts. ForexTime Cent accounts minimum deposit set to $/€/£ 5 and FXTM pro account minimum deposit set to $/€/£ 25000.
Commission & fees
ForexTime keeps full free the Standard trading accounts, and there is no charge or commissions on this account. FXTM is making money through the spread of the Standard accounts. And the range varies from 0.1 pips to 1.5.
FXTM charges only the ECN accounts. On ECN accounts the commission is $2 per lot. The ECN and Pro accounts feature spreads are starting from 0.1 and 0.0 pips.
ForexTime Deposits & Withdrawals
ForexTime offers a lot of deposit and withdrawal methods for the transaction with traders & partners. Deposit methods include FasaPay, Ghana, Nigeria, Indonesian, Kenyan, local Algerian transfers. Also for Pakistan, India, Afghanistan, Laos, Egypt, Iraq, Bangladeshi, Palestinian, Tanzanian Local Transfers (BRK).
FXTM also accepts online banking Indonesia, Baokim, GlobePay, Finally, local transfer, Thailand, Vietnam, China Moreover, Nganluong (e-wallet and banking channel).
Clients can also deposit with Maestro cards, Mastercard, or Visa. FXTM provide an extra opprtuinitis to VIP’s they can deposit via Neteller or Skrill/Moneybookers. There are also other ways to collect via WebMoney, Perfectmoney, and Yandex. Money, Alfa-Click, cryptocurrencies, Dusupay, Dixipay, QIWI, and Bitcoin via Bitcoin, or Skrill.
Customer Service
ForexTime offers the best customer support to its clients. They offers telephone support Monday to Friday. FXTM’s E-mail support is available 24 hours / 7 day. Also, there is another way; they have a hotline and a live chat feature with more restricted business hours of Monday through Friday.
The company has a several offices in different countries: China, India, Indonesia, Malaysia, Nigeria, South Korea and Thailand.
You can reach them on their offices and following this methods:
Call +44 203 734 10 25
Email [email protected]
Account issue [email protected]
And via social media
