ForexTime Review

MetaTradForex Time offers traders a host of interesting features but the one I found really outstanding is its ultra- clear website that uses large fonts and colorful graphics. Navigation throughout the site is responsive and the information is presented in a manner that even beginner traders can understand without any difficulty. The different accounts and choice of trading platforms adds to the enjoyment of opening an FTXM account while the promotions are always interesting and timely.r 4, MetaTrader 5, Sirix
ForexTime Review
Website: ForexTime.com
Telephone: +44 203 734 22 25
Regulation: CySEC, IFSC
Pairs offered: 100+ Assets including, EUR/USD, GBP/USD, Oil , Gold ,Indices
Minimum Deposit: 100
Max Leverage: 1:1000
Markets: ETFs ,CFDs , Commodities ,Metals ,Oil, Gold , Indices & Crypto

 

ForexTime Or FXTM Broker Review

 

ForexTime is owned and operated by the FXTM brand of companies. It was established in 2011 and is fully regulated by CySEC (Cyprus Securities and Exchange Commission) with the following license #185/12. It is also registered with the FCA (Financial Conduct Authority) of the United Kingdom, as well as the FSB (Financial Services Board) of South Africa. ForexTime offers a full suite of FX trading options with demo accounts and live accounts. There are some 60+ currency pairs, commodities, indices, contracts for difference shares and other financial assets available for traders.

Overview/ Background

FXTM a.k.a. ForexTime was born in 2011. It received its Cyprus Securities and Exchange Commission licensing and regulation in 2012. In 2013, the company received multiple awards from leading Forex authorities. The World Finance Foreign Exchange awarded ForexTime the 2013 Best Forex Newcomer. Other awards include the MENA 13 for fastest-growing Forex broker and most innovative product award. Multiple additional awards were received in 2014, 2015, 2016 and 2017. FXTM is also the official FX partner of Sahara Force India Formula One™ team, and the sponsor for Rookie of the Year, Ed Jones in the Indianapolis 500, among others.

ForexTime Account Types

There are several different types of accounts available to traders at FXTM. These include the following options: Standard Account, Cent Account and Shares Account. Each of these accounts is available in a live trading account, demo account, and other options. Different account currencies are available on each of these options. There are also ECN accounts available including ECN Account, ECN Zero, FXTM ECN MT5, and FXTM Pro. The inclusion of demo trading accounts and live trading accounts makes it easy for Forex traders to practice online for free before they trade for real.

ForexTime Trading Platform/ software

Multiple trading platforms are available to traders at ForexTime. These include MetaTrader 4 and MetaTrader 5. Both of them are available for Mac, PC, tablet or phablet devices. The trading platforms have been optimized for full download on Android, iOS (iPad & iPhone) smartphones and tablets. MetaTrader 4 and MetaTrader 5 offer innovative trading platforms with full access to a myriad of financial trading instruments. Multilingual and currency support is available, and multiple execution modes can be accessed. The trading platforms include MT4 WebTrader, MT5 WebtTrader and MT4 MultiTerminal. The trading tools are a useful adjunct to the trading software and include things like signals, indicators, signal providers, and fully optimized mobile trading resources.

ForexTime Deposit options

Deposit options include the following: FasaPay, Nigeria local bank wire transfer, Indonesian local transfer, Vietnamese local transfer, online banking Thailand, Iranian local transfers, Afghani local transfer, Egypt local transfer, Visa, China UnionPay, Maestro, MasterCard, Neteller, Skrill, WebMoney, CashU, Qiwi, WeChat, PerfectMoney, Baidu, Expobank and others. For the most part, there are no commissions charged on deposits and money transfers are processed instantly. Certain deposit options require 24 hours to process, while bank wires can take between 3 and 5 business days.

ForexTime Markets

The range of trading products is extensive and includes 60 currency pairs, multiple spot metals such as silver, gold and platinum, 180 stocks that can be traded on your MetaTrader 4 shares account, and a range of CFD commodity futures such as Brent crude oil, S&P 500 index, DAX 30, CAC40, WTI crude oil and the like. Other options include CFDs (contracts for difference) on indices, and exchange traded funds (ETFs).

ForexTime Bonuses and Promotions

Several enticing bonuses and promotional offers are available at ForexTime. Traders are rewarded with $30 in welcome bonus cash when a minimum deposit is made with the registration. There are also loyalty cashback offers available to traders with things like cash rebates for all lots that are traded, valid for six months.

Customer Support

Traders can contact ForexTime through multiple channels including social media pages on Instagram, LinkedIn, G +, Twitter and Facebook. Full chat functionality is available by clicking on the ‘Chat with Us’ button on the bottom right of the screen. Additionally, there are telephone hotlines in the United Kingdom (+44-203-734-1025), and customer support agents are available between Monday and Friday from 2 AM through 8:30 PM GMT +2.
A telephone hotline is available for closing or modifying your FX positions. The number to call is +44-203-734-1063. This number is reachable between Monday and Friday 24 hours a day. There are also multiple contact options available for traders in China, India, Malaysia, Indonesia, Nigeria, South Korea and Thailand. Customer support is available in Vietnamese, Thai, Russian, Malay, Chinese, Arabic, Italian, Spanish, Polish, Indonesian, French, English and others.

Safety

Safety and security of client accounts and funds is assured at all times. Client funds are protected by FT Global Limited. All client funds are maintained in segregated accounts at respected European banks. FT Global has partnered with leading banks and complies with all international regulations as set out by the International Financial Services Commission. The highest encryption protocols are in place, to ensure that maximum encryption and data integrity is guaranteed at all times. This FX brokerage is fully licensed and regulated by CySEC, the FCA and the FSA. FT Global Limited – ForexTime.com – complies with all aspects of International Financial Services Commission of Belize licensing.

Ease of Use

The MetaTrader 4 and MetaTrader 5 trading platforms are easy to use. CFD trading on Forex pairs, commodities, indices and stocks is equally user-friendly. Clients will have no problem switching between the demo account and the real money trading account, and making deposits/withdrawals is a breeze.

Bottom Line

ForexTime is an internationally acclaimed Forex trading broker. It offers a full range of services on 60+ currency pairs (major pairs, minor pairs, and exotic currency pairs), in addition to a wide range of CFD products. This is an A-grade broker with full licensing and regulation from multiple authorities and jurisdictions.