FXTM (Forex Time)
3.8

FXTM (Forex Time)

Min deposit: $10

Risk warning: Online Forex/CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading Online Forex/CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXTM has firmly established itself as a global broker; basing its entire philosophy around the most precious commodity of all: time. By valuing the time of its clients, business partners, and team of dedicated professionals, FXTM ensures that its trading and investment products and services are efficient, effective, and reliable.

Pros
  • A variety of trading accounts
  • Proprietary copy trading platform, and mobile trading app
  • Responsive customer support.
  • Regulated by major financial regulators in four major jurisdictions
  • Ultra-low spreads starting from 0.0 pips
Cons
  • Only copy trading is available for investment
  • No cryptocurrency
  • Only open on weekdays
  • Limited number of assets available compared to competitiors

FXTM Review Summary

FXTM is built by traders who thought trading was too exciting to be kept for the few. The founders saw how the emerging web could bring opportunity to anyone who was ready to take on a little risk and put in the time to learn. So, they set out three rules to guide our mission to take opportunity to the world.

FXTM has firmly established itself as a global broker; basing its entire philosophy around the most precious commodity of all: time.

FXTM, or ForexTime, has made a significant mark in the world of online trading since its inception in 2011. With a global presence and a range of services, this review aims to provide a thorough analysis of FXTM, evaluating its offerings, strengths, and potential considerations for traders.

Company Overview


FXTM is operated by Exinity Limited and is regulated by various financial authorities, including the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK, and the Financial Services Commission (FSC) in Mauritius. This multi-regulatory approach reflects the broker’s commitment to transparency, security, and regulatory compliance.

FXTM’s global reach is evident through its client base, spanning over 180 countries. The broker’s reputation is further solidified by numerous industry awards, underlining its status as a trustworthy provider of trading services.

Trading Platforms and Tools


FXTM offers a variety of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are known for their advanced charting tools, technical indicators, and support for algorithmic trading through Expert Advisors (EAs).

Additionally, FXTM provides its proprietary platform, FXTM Trader, designed for mobile trading, and FXTM Invest, which allows traders to follow and copy the trades of experienced investors.

FXTM’s lineup of tools extends to the Trading Central, a third-party research and analysis provider, and MyFXTM, a personalized client portal offering a range of trading resources.

Account Types and Minimum Deposits


FXTM caters to a diverse clientele with a range of account types, including:

Standard Account: Designed for beginners, it offers competitive spreads and requires a minimum deposit.
Cent Account: Suited for traders with limited capital, it provides an opportunity to trade smaller lot sizes.
ECN Account: Geared toward experienced traders, it offers lower spreads but with a commission per lot traded.
Pro Account: Offering interbank spreads and ideal for professional traders.
The minimum deposit requirement varies depending on the chosen account type, ensuring accessibility to traders with diverse financial resources.

Spreads, Commissions, and Fees


FXTM offers competitive spreads, which vary based on the account type and market conditions. The ECN and Pro accounts incorporate a commission per lot, providing cost-effective trading options.

While FXTM aims for transparency in fees, traders should be aware of potential financing costs and swap fees, particularly when holding positions overnight.

Assets Available for Trading


FXTM provides a wide range of tradable instruments, including:

Currency Pairs: Covering major, minor, and exotic pairs.
Commodities: Including precious metals, energies, and soft commodities.
Indices: A selection of global indices.
Shares: Offering exposure to shares from various global markets.
Cryptocurrencies: Such as Bitcoin, Ethereum, and Litecoin.
This diversified asset portfolio caters to traders with varying strategies and preferences.

Regulation and Security


FXTM’s commitment to regulatory compliance is evident through its affiliation with multiple regulatory authorities. Client funds are held in segregated accounts, providing an extra layer of security. The broker employs advanced encryption technology to safeguard personal and financial information, creating a secure trading environment.

Customer Support


FXTM maintains a professional approach to customer support, with multilingual assistance available 24/5 through various channels, including email, live chat, and phone. The broker’s commitment to responsive support reflects its focus on client satisfaction.

Educational Resources and Analysis Tools


FXTM offers a comprehensive range of educational materials, including webinars, video tutorials, and an extensive Forex knowledge center. Additionally, traders have access to market analysis and research tools, such as daily market commentary and economic calendars, aiding well-informed decision-making.


Conclusion


FXTM is a reputable and versatile Forex and CFD broker with a clear commitment to regulatory compliance and a wide range of services. Its choice of trading platforms, comprehensive educational resources, and diversified asset offerings make it an appealing choice for traders of all levels.

As a professional trader, I find FXTM to be a reliable platform and a valuable resource in navigating the complexities of the financial markets. While traders should be aware of trading costs, the broker’s focus on regulatory compliance, security, and a comprehensive set of resources positions FXTM as a strong contender for those seeking a reliable brokerage partner.

However, as with any broker, thorough research is vital, and traders should ensure that FXTM’s services align with their specific trading needs and objectives. The dynamic nature of the financial markets necessitates staying informed and adaptable to market changes.

FXTM is a CySEC, FCA, IFSC regulated forex broker offering for trading Bitcoin, Forex, CFDs, CFDs on Bitcoin, CFDS on Spot metals, Cryptocurrencies and standard and ECN accounts. FXTM works from 2011 and has firmly established itself as a global broker.

FXTM (Forex Time) Details

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