FXTM (ForexTime) – forex trading platform overview

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Contents

Beginner’s Guide to ForexTime FXTM: Complete Review

ForexTime is a forex broker geared to a range of skill levels which was founded back in 2020 by Andrey Dashin.

ForexTime (FXTM) offers an solid trading platform based on MetaTrader 4 and 5 and offers a wide range of trading instruments including Cryptocurrencies, Forex, CFDs for Indices & Commodities, Spot Metals and Shares CFDs.

ForexTime is well regarded in the industry with competitive spreads and is regulated in the UK by the FCA and Cyprus by CySec.

Although ForexTime is one of the newer brokers, it has been growing at a fast pace and has earned numerous awards in it’s lifetime. Read on, for our honest review of the ForexTime broker.

ForexTime at a Glance

Broker ForexTime
Regulation FSCA (South Africa), FCA (UK) & CySec (Cyprus)
Minium Initial Deposit
$/€/£ 10
Demo Account
Yes
Asset Coverage CFD markets: Forex, Indices, Commodities, Spot Metals, Shares & Cryptocurrencies
Leverage 30:1 Retail & Up to 1000:1 Professional
Trading Platforms MetaTrader 4 & MetaTrader 5

Licenses & Regulations

  • 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 Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614.
  • The company is also registered with the Financial Conduct Authority of the UK with number 600475.
  • Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number C113012295.
  • Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority, firm reference number 777911.

ForexTime Trading Instruments

With FXTM, traders are able to trade a nice range of instruments.

  • There are more than 50 currency pairs.
  • Those who prefer to diversify their investments can also trade CFDs, spot metals, share CFDs, and CFDs on Commodity Futures.
  • Additionally, they can trade CFDs on Indices and ETFs, and CFDs on cryptocurrencies.
  • This includes more than 180 US shares.
  • You can trade up to 59 exotic currency pairs, 5 spot metals, 14 spot CFDs, 3 CFDs on commodities, and 4 cryptocurrencies.

Many traders appreciate the ability to engage in both stock trading and stock CFD trading with ForexTime.

Trading stocks with FXTM is a good way to diversify your portfolio and introduce risk. It also helps not have to deal with the time limits associated with stock CFDs.

To trade stocks with FXTM, you need an FXTM Pro MT5 Account. This will give you spreads from 0 pips, the fastest execution, and your choice of mini, macro, or standard lots.

ForexTime Trading Terms

ForexTime prides itself on offering excellent trading terms. There is fast execution and the availability of micro and mini lots.

The minimum deposit is conveniently low and the platform uses No Dealing Desk (NDD) technology. FXTM also has deep interbank liquidity and allows for Expert Advisors as well as Logarithmic Trading.

Floating leverage can be as high as 1:1,000. Spreads can be as tight as 0.1 pips depending on the market conditions and account type.

The leverage of up to 1:1,000 is part of the FXTM floating leverage system. With that high leverage, traders are able to increase their potential profits via trading larger volumes. This does, however, come with a higher risk.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

The tight spreads from ForexTime help to ensure that traders can take advantage of low initial trading costs.

FXTM also delivers fast execution as transactions are executed immediately. This means that you do not have to worry about delays interfering with your ability to get the best prices.

The NDD technology mentioned lets ForexTime work with various liquidity providers. That gives the clients the best possible prices for both bid and ask. This tech provides deep interbank liquidity. It also provides the ability to deliver those previously mentioned instant trades.

To view the full contract specifications for all trading instruments, go to the Trading Instruments portion of the ForexTime website. Then, visit Contract Specifications.

You can view specific information for forex, spot metals, CFD US shares, spot commodities, stock trading, spot indices, and cryptocurrencies. You will see information such as minimum or typical spreads, pip values, swaps, and trading sessions.

ForexTime Margin & Leverage

You can view every single one of the margin and leverage requirements for ForexTime trades on the appropriate page on the broker’s website. All the info is under the main category of Trading Accounts.

The margin requirements and leverage requirements are listed for Standard, ECN, and ECN Zero Trading Accounts. View the requirements in the categories of FX majors, FX minors, FX exotics, spot metals, BTCUSD, ETHUSD, LTCUSD, and RPLUSD.

For each of these, you can find the notional value for USD, EUR, GBP, or NGN, as well as the leverage offered and floating margin as a percent.

The same information is displayed below this with the information for FXTM Pro MT4 Trading Accounts. Then, for FXTM Pro MT5 Trading Accounts as well.

FXTM Comissions

The commissions charged by FXTM vary based on account type. There is no commission on Standard Accounts, Cent Accounts, Shares Accounts, ECN Zero Accounts, or FXTM Pro Accounts. ECN Accounts have commissions of $2 per lot.

In the case of certain accounts, there are floating commissions. For ECN MT4, for example, the commission depends on the trading volume and equity, with lower commissions corresponding to higher trading volumes and equities.

You can view the specific floating commission rates under Trading Accounts on the Commissions page. You will also find commissions for stock trading via PRO MT5 here.

Example Commissions on ECN MT4

Equity (USD) Trading Volume (million USD)
Less Than 100 100 – 150 150 – 250 Over 250
0 – 2,999 20 19 18 15
3,000 – 4,999 19 18 17 14
5,000 – 19,999 18 17 16 13
20,000 – 49,999 17 15 13 11
50,000 – 199,999 16 13 11 9
200,000 – 499,999 14 12 10 8
500,000 – 999,999 13 10 8 6
1,000,000 – 4,999,999 12 9 6 4
Over 5,000,000 Determined on an individual basis

ForexTime Deposits & Withdrawals

ForexTime offers dozens of deposit and withdrawal methods as a way to appeal to a wide range of clients. Deposit methods include FasaPay, Ghana local transfers, Nigeria local bank transfers, Algerian local transfers, Kenyan local transfers, Indonesian local transfers.

Also, local transfers for Pakistan and India, online banking Indonesia, online banking Malaysia, Local Exchange House, Afghani local transfers.

Moreover, Laos local transfers, Nganluong (e-wallet and banking channel), Baokim, GlobePay, Egypt local transfer, Iraqi local transfer, Bangladeshi local transfer.

Finally, Palestinian local transfer, online banking Thailand, online banking Vietnam, China Online Banking, and Tanzanian Local Transfers (BRK).

Clients can also make a deposit with Visa, Mastercard, or Maestro cards. VIPs can deposit via Neteller or Skrill/Moneybookers.

All clients can also deposit via cryptocurrencies, Dusupay, Alfa-Click, Dixipay, WebMoney, Yandex.Money, QIWI, Perfectmoney, Bitcoin via Skrill, Bitcoin, or Konnexone. Finally, there is the option of a bank wire transfer.

None of those deposit methods charge commissions. Processing times range from instant to 24 hours/up to a business day for most methods. The exception to this is a bank wire which takes three to five business days.

The methods for withdrawal are nearly identical, with a few differences. You can withdraw, for example, via China Union Pay and cannot withdraw via Alfa-Click or Cash U. Most withdrawal processing times are 24 hours with the exception of China Online Banking which takes 48 hours.

Other exceptions: Konnexone which is up to a business day, and crypto, Bitcoin, or Bitcoin via Skrill which take 24 to 48 hours. There are commissions for some of the withdrawal methods as well. These can be either a low set fee or a low percentage of the transaction. Many withdrawal methods are commission-free still.

You should always look at the fees and time frames associated with your chosen withdrawal or deposit method on ForexTime.

Minimum & Maximum Deposits

ForexTime’s minimum and maximum deposits depend on the type of account that you choose.

  • Standard Accounts, Shares Accounts, ECN Accounts, and ECN Zero Accounts have a minimum deposit of $/€/£ 100 or ₦20,000. They do not have a maximum deposit.
  • Cent Accounts have minimum deposits of $/€/£ 10 or ₦1,000, with no maximum deposit.
  • FXTM Pro accounts have a minimum deposit of $/€/£ 25,000 and no maximum.

ForexTime Account Types

Standard Accounts include a Standard Account, CENT Account (with micro lots), and Shares Account.

ECN Accounts include the ECN MT4 Account, the ECN MT5 Account, the ECN ZERO Account.

Also, the ECN Manager Account, FXTM Pro, FXTM Pro MT5, and ECN Zero MT5.

  • Standard Accounts work with MetaTrader 4. They include tight floating spreads, floating leverage from 1:1,000, instant execution, hedging, a SWAP-free option, and no hidden commissions. These accounts can be in USD, EUR, GBP, or NGN.
  • Cent Accounts also have instant execution, tight floating spreads, and a SWAP-free option and work with MT4. They are available in EUR cents, GB pence, USD cents, or NGN kobo. They feature Cent Lots and have a minimum deposit of just 5 EUR/USD/GBP.
  • Shares Accounts also use MT4 and have a SWAP-free option and instant execution. Hedging is allowed and there are no commissions. Leverage is fixed at 1:10 and this account gives access to more than 180 US shares. The account is available in USD, EUR, GBP, or NGN.

Additional Trading Accounts

ECN Zero Accounts use MT4 or MT5 and can include FXTM Invest. ECN Zero Accounts have tight floating spreads, no commissions, market execution without requotes, and floating leverage of up to 1:1,000.

They also have a SWAP-free option, and your choice of GBP, USD, EUR, and NGN. Both scalping and hedging are allowed.

An ECN Account also uses either MT4 or MT5, with market execution and no requotes, floating leverage of up to 1:1,000.

It has spreads from 0.1, a SWAP-free option, and the same currency options as well. Scalping and hedging are allowed and the commissions start at just $4. This type of account is also available with FXTM Invest.

Finally, an FXTM Pro Account lets you use MT4 or MT5. It features tight spreads from 0 pips, no commissions, floating leverage of up to 1:100, and ultra-fast market execution without requotes.

There is no last-look pricing and this account takes advantage of deep liquidity right from ForexTime’s tier-1 providers.

Regardless of the type of account, NGN accounts are only offered for clients in Nigeria.

FXTM Invest ( Copy Trading )

FXTM Invest is a relatively new offering from ForexTime that lets clients become FXTM Invest Strategy Managers.

It is a copy trading program that relies on cutting-edge technology. This lets you use your forex skills to earn additional capital. With this program, other investors can copy your trades. That way, you will earn a percentage of their profits, as much as 50 percent.

To become a Strategy Manager, you register for an ECN Zero Account and verify your profile. Then, you get your own Manager page to display trading statistics and start sharing your trading results via social media.

FXTM Invest lets people who are starting out trading copy the trades of those who have a proven record of success. This also works for those who simply do not have the time to make complicated trading strategies.

At the same time, it lets successful traders make money from their success by letting others copy their trades.

Part of the FXTM Invest program is the inclusion of a list of the top-ranking strategy managers. This information has been verified by an audit. For each Strategy Manager in the program, you can view detailed information to help you decide.

This includes a profitability chart, the Strategy Manager, the return, the week’s return, and the max drawdown. It also includes the risk level, the days open, and the profit share in percentage.

Each Strategy also has a rating out of five stars to help you make your decision. You can view the Strategies by only looking at those that are top ranked or all of them.

Clicking on any of the Strategy Accounts will show you its rank, the number of investors, the days open, the risk level, the return. It will also show you specific figures for the day and month.

There is also a section where the Strategy Manager tells you about the Strategy and any other additional relevant information. Below this, you will find charts and graphs detailing returns and monthly statistics by trades.

Below this are general statistics, including total trades, profitable (and unprofitable) trades by percent, average trade length, consecutive wins. Additionally, there are statistics on the greatest win in pips, average daily trades, deals with stop loss, deals with take profits.

Finally, info on sell, buy, consecutive losses, greatest losses, and maximum simultaneous orders. Underneath this, you can find additional information such as statistics per instruments like profitability, pip, average pip, SL/TP, average SL/TP, duration, and type. Also, the trades by hour and trades for specific days of the week. The last two of these figures include profitable and unprofitable trades separately.

Overall, FXTM Invest gives those looking to engage in copy trading all the information they need to decide which Strategy Manager or Strategy Account to copy.

Automated Trading

FXTM allows for Logarithmic Trading and Expert Advisors. The algorithmic trading is automated trading, which provides a great deal of convenience for traders who are busy.

This method lets ForexTime clients create their trading strategy or choose the strategy of someone else. They can then use an automated trading system, such as Expert Advisors, to follow the trading strategy.

The system will automatically trade for clients based on the strategy you implement.

Many traders appreciate the fact that automated trading ensures you do not miss any opportunities if you cannot watch the markets 24/7.

FXTM offers this since it makes it possible to make a profit even when asleep. Of course, automated trading can lead to losses as well as profits, as everything depends on your strategy and the market.

Trading Restrictions

With a Standard Account from ForexTime, there is a minimum volume of 0.01 lots per trade. It supports standard, mini, and micro lots and a maximum of 30 lots per trade.

You can have up to 100 orders or pending orders with this account type. This type of account has a margin call at 40 percent and a stop out at 20 percent.

Cent Accounts have the same minimum lot volume per trade but a maximum of 1 lot per trade. There is a maximum of 100 pending orders and 300 orders with this account type. Margin calls are at 60 percent and stop outs at 40 percent.

With Shares Accounts, the trade volume can be between 0.01 and 10 lots. There is a maximum of 100 orders and 100 pending orders. Margin call is at 40 percent and stop out is at 20 percent.

ECN Zero Accounts and ECN Accounts have trade volumes between 0.01 and 100 lots. There is a maximum of 300 pending orders and no limit on orders. Margin call is at 80 percent and stop out is at 50 percent.

FXTM Pro Accounts allow for trade volumes of 0.01 to 250 lots, with 300 pending orders and unlimited orders. Margin call is at 80 percent and stop out is at 50 percent.

FXTM Trading Platforms

Those with ForexTime accounts can use MetaTrader 4 and MetaTrader 5. This compatibility with the top forex trading platform eliminates the learning curve for those who switch to FXTM from another broker.

It also means that there is a wealth of resources and tutorials available, both from ForexTime and other sources. Of course, that also means that traders get all the great features of the MetaTrader platforms.

Those who prefer to trade on the go will also appreciate the support for applications for tablets and mobile devices.

In terms of MetaTrader 5, clients get access to Level II data and all execution modes. They also get an extensive range of order types and trading signals with MQL5.

You can use MT5 for FXTM on PC, MAC, mobile, and tablets. There are versions for desktop, iPhone/iPad, Android, Mac, and WebTrader. You can read more about any of these specific versions of MT5 or download them via ForexTime’s website.

Clients can use MetaTrader 4. Its user-friendly features are cutting-edge, and they will have access to all of the major trading instruments. They will also get automated trading via Expert Advisors, and support for multiple currencies and languages.

Like MT5, MT4 is available for nearly every device you can think of. You can learn more about or download the versions for PC, iOS, Android, Mac, WebTrader, or Multi Terminal via the ForexTime website.

One very useful part of the ForexTime website is a comparison between MetaTrader 4 and MetaTrader 5. That way, clients can choose which platform from MetaQuotes will work best with their FXTM trading experience.

The comparison includes the key differences, including order execution types, partial order filling policies, order filling policies, pending order types, and hedging.

It also includes netting, market depth, technical indicators, timeframes, graphical objects, email systems, economic calendars, strategy testers, and the embedded MQL5.community chat.

ForexTime Web Trader

As mentioned, ForexTime works with WebTrader for MT4 and MT5. This lets you access the markets on a PC or Mac without the need to download any software.

The MT4 version includes support for 18 languages, one-click trading, an intuitive user interface, 9 timeframes, real-time quotes, comprehensive account history. It also includes advanced analysis tools, real-time quotes in MarketWatch, and reliable data protection.

The MT5 WebTrader includes hedging options, built-in technical and fundamental analysis tools, an advanced strategy tester, real-time market depth.

It also includes detailed trading history, 21 timeframes, 3 chart types, support for 18 languages, over 300 tools, real-time quotes, reliable data protection, and one-click trading.

ForexTime Mobile Trading

As mentioned, ForexTime supports mobile trading for convenience. This includes the MetaTrader 4 and MetaTrader 5 applications for both iOS and Android devices.

With the MT4 mobile application, you get real-time quotes, 9 timeframes, 24 analytical objects, 30 technical indicators, trading history. You also get real-time interactive charts, all trade orders available, all execution methods available, multiple chart types, and full control of your trading account.

MT5’s mobile application includes real-time quotes, trading history, 24 analytical objects, 30 technical indicators, a full-featured trading system with Market Depth. It also includes hedging and netting functionality, built-in chat, push notifications, up-to-date financial news.

Additionally, it includes availability of all trade types and execution methods, complete trading account control, and optimization for iPads.

Additionally, there is an FXTM Trader Application that lets you trade more than 250 instruments while on the go. This is a new trading application and it delivers lightning-fast mobile trading for iOS or Android.

That mobile application includes unlimited access to MyFXTM as well as cross-platform trading, 250+ financial instruments, no need for extra downloads.

It also includes one-click trading for quick market action, real-time updates that include live currency updates, and state-of-the-art charting tools. In addition, a trading dashboard with your balance, profit, and margin as well as the ability to open, close, or modify positions within a matter of seconds.

ForexTime Performance Statistics

FXTM shares its performance statistics on its website to deliver transparency and show potential clients what they can expect from the broker.

FXTM verifies all of its performance statistics before publishing them. That verification is done with PricewaterhouseCoopers Limited (PwC). This is in accordance with the International Standard on Assurance Engagements (ISAE) 3000.

According to ForexTime, the company publishes all these statistics to reset the benchmarks and standards of the forex industry. Also, to improve transparency and to enhance awareness.

In terms of statistics related to clients and customer service, the average wait time is less than 12 minutes. More than 84 percent of client funds are processed within just five minutes. FXTM receives feedback that is more than 90 percent positive.

You can also view graphs on the FXTM Performance Statistics webpage that display the order execution speed, slippage, and requotes.

At the time of writing, each of these graphs displays the statistics for each month of 2020. Order execution speeds are lowest for Pro trades, which get as low as 0.050.

The slippage graph shows that most FXTM clients get to take advantage of positive slippage while enjoying reduced negative slippage. In 2020, positive slippage got as high as 85.82 percent in March. Negative slippage got as low as 14.18 percent in the same month.

Looking at the requotes, you see that ForexTime has a competitively low rate that the company is striving to improve. The requote rates in 2020 never averaged above 2.08 percent and got as low as 1.51 percent.

To supplement these performance statistics, ForexTime lets traders connect with a Strategy Manager to copy their trades via FXTM Invest. To assist with the decision, ForexTime displays the live rankings for top performers, with all the data verified by PwC.

ForexTime Market News

ForexTime has a streaming news Feeder that comes from FX Street, the Forex News Timeline. This is to give traders all of the information they need to make educated trades.

Additionally, there is an Economic Calendar from FX Street. Clients also have the option of setting up SMS alerts for major market news. That way, they can take action immediately and never miss out on an opportunity.

ForexTime Market Analysis

FXTM delivers an analysis of the market that includes FXTM Trading Signals. There are both weekly and daily reports. The Daily Market Analysis covers a range of topics with articles of varying lengths from the experts at ForexTime.

There is also a specific market analysis related to Brexit via a Brexit Countdown and guide.

Those who prefer videos over reading will appreciate the daily market analysis videos. These come from ForexTime’s market research team and include things like the latest market opportunities. The most common analysis video is an overview of the market for the week.

Additionally, FXTM offers a quarterly market outlook so traders can stay ahead of the markets. This market outlook includes the potential movements within the forex and commodity markets in the coming months.

It also features insights that can help you develop a trading strategy. Of course, it also includes expert forex and commodity technical analysis.

There is a free sample of this quarterly market outlook available for non-clients. Clients can download the full PDF without any additional cost.

ForexTime Trading Signals

You can utilize trading signals on ForexTime. This feature is available with both MT4 and MT5. There are actually FXTM Trading Signals, which are all created to interpret fluctuations in key financial instruments based on price.

These trading signals rely on price-movement scenarios that have been designed thoroughly and carefully. FXTM Trading Signals were developed by the ForexTime Head of Education.

These FXTM Trading Signals include 8 currency pairs, 3 market indices, and 3 commodities plus 3 popular technical indicators, and 2 scenarios. They also include 4 take-profit levels, 2 daily updates before the opening of the US and EU trading sessions, and protective stop-loss to protect your capital and minimize risk.

When you use FXTM Trading Signals, you can choose a strategy based on your trading style and risk profile. Thanks to the ability to use a protective stop-loss and choose profit levels, you can plan your trades. There is also the option to buy or sell as a way to boost profit potential.

Other Trading Tools

One of the innovative tools offered by ForexTime is FXTM Pivot Points Strategy which lets you identify the market sentiment immediately.

It lets you combine three popular indicators with five calculations for pivot points to improve your financial strategy.

There are 8 timeframes, real-time updates with commentary, a user-friendly interface, and downloadable pivot point indicators. Also, over 250 financial instruments, and MACD, moving averages, and momentum.

You can also find several useful trader’s calculators on ForexTime. These include a currency converter that lets you view the exchange rates at the moment for major FX pairs. It also lets you calculate foreign exchange rates of various currencies.

Another calculator is the FXTM Invest Profit calculator. This calculator has you input your investment amount, your expected profit, your profit share, and your gross withdrawal amount. This will give you the amount paid to the manager based on the profit share and the net withdrawal.

When trading with ForexTime on MT4, you can also take advantage of various trading indicators. These include an Orders Indicator, Pip Value Calculator, Pivots SR Levels, Spread Indicator, Market Data to CSV, and Day Bar Info Indicator.

Finally, ForexTime offers VPS hosting to allow for an enhanced trading experience. By using a Virtual Private Server, FXTM clients can enjoy a 99.9 percent operational connection time, an optimal connection speed.

They can also enjoy the ability to be unaffected by system errors, power outages, and connection cuts. Orders can run with minimal delay, lost data is quickly recovered, and the VPS works smoothly with a range of operating systems.

It is particularly useful for traders using Expert Advisors since it ensures the EAs can run all the time without interruption.

Educational Resources

ForexTime has a vast amount of educational resources on hand, including a section all about learning how to trade forex. This section explains the fundamental concepts within the forex trading industry.

There are free FXTM eBooks, including options for all skill levels from advanced traders to beginners. These are free for clients of FXTM.

They include Cryptocurrencies: Bitcoin, Bearish Japanese Candlesticks & Strategies, Bullish Japanese Candlesticks & Strategies, and The Road to Success: 50 Successful Traders’ Habits.

ForexTime also offers regular workshops and seminars for its clients. These take place around the world, with each telling you the language, location, and topic of the seminar or workshop.

There are at least several workshops or seminars every week, so there should be one that appeals to most clients.

For those who cannot attend any of the workshops or seminars, ForexTime also offers free trading webinars to its clients. These take place nearly every single day and are in a range of languages with a variety of topics. You can sort webinars by language if you want.

Other educational resources from ForexTime include the forex glossary, an introduction to forex trading, forex trading for beginners, a demo account.

There are also forex trading strategies, forex trading videos, general forex educational videos, and educational articles. Clients can also find tutorials on a range of subjects, and a periodic table with investment terms.

ForexTime Loyalty Program

ForexTime offers a loyalty program in the form of Loyalty Cashback. This program gives you withdrawable cash for your loyalty instead of virtual dollars or points with limited usability.

Throughout the Loyalty Cashback program, you work your way through five different rebate levels. As long as you remain in the promotion and continue trading, you receive continuous rewards for as long as six months. The five levels depend on the amount that you deposit.

To participate in the program, register your account with ForexTime. Then, go to MyFXTM where you will find the option to join the promotion.

After reading and accepting the Terms and Conditions, make a deposit and start receiving your weekly cashback for your trades.

For a limited time, as of the time of writing, FXTM offers Double Cashback for orders made via the FXTM Trader App. This offer is only valid for orders placed via the application and lasts until March 31, 2020.

ForexTime Customer Service

As mentioned before, more than 90 percent of the feedback from clients regarding ForexTime is positive. This is a very strong indicator that the company has great customer service and client satisfaction.

The customer support team delivers multilingual service, as do the Personal Account Managers. This lets FXTM appeal to native speakers of a range of languages.

ForexTime provides technical and trading support as well, exclusive privileges for VIP clients, and makes it easy to open accounts.

ForexTime offers live help at any time from within your account area, simply hit the chat icon and you can choose a live chat option including options for Telegram, Facebook Messenger, Whatsapp or request them to call you.

Is ForexTime Safe?

Overall, FT Global Limited always follows regulations strictly. Thus, emphasizing the protection and security of clients and their investments plus client fund safety.

In addition to the company’s international regulation, it practices segregation of client funds. This ensures the safety of client funds on the off chance that something should happen to FXTM.

All of the client funds are kept in EU banks of the top tier. FT Global never uses customer funds in any investment, including operations, to ensure the protection of fund at all times. FT Global also has multiple bank partnerships to add a level of security to client funds.

In terms of security, FT Global utilizes the SSL (Secure Sockets Layer) protocol for network security. This ensures that a secure connection is used for all communications with clients. It also protects customers during any transactions they conduct with the company and ensures all customer information remains private.

The encryption includes server authentication and user identification policies. Thus, ensuring the data gets sent to the proper server and customer terminal.

It also includes encryption of data transmission as a way to stop unauthorized third-party access and data theft.

Additionally, it includes keeping data integrity and ensuring all data stays unchanged throughout a transmission.

FT Global also prides itself on delivering full transparency. The company must periodically report to its regulators and always meets strict financial standards.

Competitors

FXTM is in competition with similar brokers which have covered before, as follows:

ForexTime Awards

Over the years, ForexTime has earned a long list of honors and awards from a range of sources.

  • These include Best Online Forex Trading Company in Nigeria from the International Finance Awards and the award of Reputable Investor in Education Forex Broker from HEXUN.com.
  • Best Forex Education Provider Africa from International Business Magazine and Forex Brand of the Year 2020 China from FXEye.com.
  • Best Trading Conditions from World Finance and Best FX Broker Asia from World Finance too.
  • Best Forex Broker Russia from FXDailyInfo and Most Innovative Broker from FXEmpire.

Conclusion

ForexTime is an online broker offering a vast assortment of account types. It has competitive spreads, leverage of up to 1:1,000, and a wide range of instruments.

FXTM clients can trade via MetaTrader 4, MetaTrader 5, or the FXTM Trader application for mobile devices.

FXTM offers a range of different account options to suit most types of traders from beginners to pro, each has different pros and cons so make sure you take time to look at what each offers.

There is a free demo account you can take advantage of before committing your money to the broker so you can get a feel for how it works. The minimum deposit is just $100 when you want to start trading for real money.

There is a good range of instruments to trade including cryptocurrency CFDs and the usual Forex and shares option.

FXTM invest is an interesting addition for copy trading ( this isn’t available in the UK though) which not a lot of brokers, apart from eToro, include in their offering. This allows you to invest in a trader of your choosing and take a share of any profits they manage to generate.

FXTM does not have their own propriety trading platform, instead choosing to provide MetaTrader 4 & 5 as options. These are well establishes pieces of software so you should feel right at home with them.

Unfortunately, FXTM is not available to traders in the USA so these clients will need to find a different broker.

Overall, ForexTime is a very solid company with good regulations, competitive spreads and a well maintained platform. We can happily recommend them to you.

FXTM Review

Review

FXTM, also known as “ForexTime”, is a well-established Forex / CFD brokerage house which has been in business ever since 2020. FXTM has grown rapidly in recent years and has a corporate structure composed of three entities which match its three bases of operations: the U.K., Cyprus, and Mauritius. FXTM allows its clients to trade Forex currency pairs and crosses, including some exotics, the precious metals gold and silver, crude oil and natural gas. Traders can also trade major equity indices, cryptocurrencies*, and CFDs** on major American stocks and shares. FXTM also enables direct trading in stocks, not wrapped in CFDs, where the trader takes direct legal ownership of the shares when buying them, just like a traditional stockbroker.

Regulation and Security

This should not constitute as advertisement in the territory of Belgium, France and Netherlands

FXTM enjoys an extremely high and very strong level of regulation in several jurisdictions. It is based in three different countries, with three different corporate branches to match.

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 Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614. The company is also registered with the Financial Conduct Authority of the UK with number 600475. Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission (FSC) of the Republic of Mauritius with an Investment Dealer License bearing license number C113012295. Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority, firm reference number 777911.

This multi-jurisdictional setup allows FXTM to differentiate its offering depending upon where its traders are located. It is worth mentioning that acquiring regulation is not an easy feat for any Forex broker, so the mere fact that ForexTime has acquired regulation in several jurisdictions is extremely admirable.

FXTM is formally regulated in the United Kingdom, Cyprus, South Africa, and Mauritius. In the United Kingdom, ForexTime UK Limited is authorized by the Financial Conduct Authority to provide regulated products and services under license number 777911.

In Cyprus, ForexTime Limited is licensed by the Cyprus Securities and Exchange Commission under license number 185/12.

In South Africa, ForexTime Limited is licensed by the Financial Sector Conduct Authority of South Africa under FSP number 46614.

In Mauritius, Exinity Limited is licensed by the Financial Services Commission with a category 1 global business license and as an SEC-2.1B investment dealer (full service excluding underwriting) under license number C113012295. Exinity Limited is also a member of the Financial Commission, an international dispute resolution body serving the financial services industry.

FXTM’s regulation in both the United Kingdom and Cyprus provides its clients depositing in FXTM’s branch in either jurisdiction with a degree of investor protection. The U.K.’s Financial Conduct Authority has a Financial Services Compensation Scheme which can protect deposits of up to £85,000. Cyprus’ CySEC maintains an Investor Compensation Fund which is empowered to award depositors who lose their account deposit due to the failure of a regulated firm an amount up to €20,000.

FXTM has been in operation as a dedicated Forex / CFD brokerage house since 2020, giving it a reasonably long track record. Applying the “lindy effect” rule, the longer time a broker has successfully been in business, the better the reputation that broker can be assumed to have. This means that FXTM has a meaningful track record and an established reputation of safety as a brand which it needs and wants to protect, to ensure it remains in good standing in such advanced and highly regulated financial services centers such as the U.K.

FXTM’s story of steady expansion adds to their level of credibility. After its initial establishment in Cyprus in 2020, FXTM grew and acquired its South African license in 2020, and its U.K. license in 2020. FXTM’s client base globally has grown quite steadily.

As with all Forex / CFD brokerages regulated in member states of the European Union like Cyprus or the United Kingdom, clients of FXTM operating through FXTM in the U.K. or Cyprus are automatically granted negative balance protection, but this is NOT offered to all clients globally. This means that it is impossible for any client not using the Mauritius branch to lose more than the amount they have deposited with FXTM. The “tail risk” of an unusual, extreme market movement, which can be exponentially raised by excessive leverage, is borne fully and voluntarily by FXTM in other cases.

The total fees charged by any brokerage should always be one of the very top considerations of someone looking for the most suitable Forex / CFD broker. It ranks right up there with security / safety of funds deposited. Each cost should be examined rigorously. It can be helpful to divide all fees and costs into two categories: trading fees, such as spreads, commissions, and overnight financing; and miscellaneous fees, such as periodic charges for account inactivity, or fees or commissions charged by the brokerage itself against account deposits or withdrawals. The trading fee element is the much more important side, so it makes sense to begin a fee analysis here.

Looking at trading fees first, we will start with spreads and commissions, which are worth taking together as a comprehensive “round trip” cost of opening and closing one trade. As FXTM offer a few different account types which charge slightly different fees, we will judge the trading fees of its most common account type, the Standard Account.

The average round trip cost of trading the benchmark EUR/USD Forex currency pair is 2 pips with the company’s Standard Account. This is slightly on the high side for the industry. The Cent Account, FXTM’s account with the lowest minimum deposit (only $10) averages slightly higher at 2.2 pips. However, this falls to only 0.8 pips with one of the ECN-style accounts, which represents a very competitive rate considering the minimum deposit is only $500 for this account type.

The average round trip fees and costs for other CFD instruments offered such as commodities, individual stocks and equity indices are average for the industry.

Finally, FXTM’s offering of real share trading through its accounts based outside the European Union is not only a relatively unique service, its trading costs in this area are competitive and slightly lower than its direct competitors.

These levels of spreads and commissions are broadly competitive on the ECN side, especially for clients with relatively low deposit amounts. The minimum deposit required to open a “true” ECN account is only $500, so for traders depositing anything close to this sum, these fees are competitive. However, traders with considerably larger sums to deposit such as a few thousand dollars would find the trading fees average, but nothing special, at least for trading Forex and CFD products.

An often-overlooked element of the trading fee structure is overnight financing, which is typically a net charge applied to any trade open at 5 p.m. New York time. These fees are, at least hypothetically, calculated from intrabank tom/next intrabank fees, but retail brokerages usually give considerably less favorable rates. This can make swing or position trading expensive, particularly when a trader wants to be long of a currency with a relatively high interest rate and short of another currency with a relatively low (or even negative) interest rate. FXTM are totally transparent regarding their overnight financing rates, which is a sign of trustworthiness: frequently, brokers don’t publicize their existing rates, but they can always be found within the relevant trading platforms if you know where to look for them.

FXTM makes no claims about how their overnight financing / swap rates are derived. Many brokers claim they are based upon interbank tom/next rates, yet the rates offered always seem to be considerably less favorable to the client than the prevailing tom/next rates. Therefore, we are inclined to applaud FXTM for not making any such claims. A comparison of FXTM’s rates to the industry average at the time this FXTM review was written shows that FXTM’s rates are very competitive and slightly better than the average. Now here’s something truly unique about FXTM and their overnight financing / swap rates: some of their account types charge no swaps at all! The Cent Account and the Shares Account are completely swap-free, while swap is not paid in any other account that uses the MetaTrader 4 platform. While many brokers offer a swap-free Islamic Account option, it is usually offered only to Muslims, so this global swap-free option is both very rare and very appreciated. Overall, this means that FXTM is likely to be a good choice for traders planning to keep positions open longer than one or two days at a time.

A listing of FXTM’s overnight financing / swap rates applicable to Forex grabbed from their site at the time this review was written is shown below:

Another factor which makes us believe that FXTM has a commendable sensitivity towards the problem of traders being “bled” quietly by certain retail Forex CFD brokerages charging relatively high overnight financing rates, is that in 2020, they ran a limited period promotion where overnight financing would only be charged or paid over weekends, and not on weekday rollovers. This is impressive, and we never heard of another brokerage offering a similar promotion of this type.

Finally, we conclude the topic of fees by checking whether clients are charged any incidental fees by FXTM, regardless of whether a trade is made.

FXTM imposes a dormant account / account inactivity fee of $5 per month but an account must have initiated no trading activity for a period of at least six months before this fee will be imposed. This is good by the standards of the industry. FXTM also charges additional withdrawal fees against withdrawals made by credit cards or bank wire transfer. The exact charge depends upon the country of residence of the client making the withdrawal but is typically approximately $2 for a withdrawal by credit card and approximately €20 for a wire transfer. These fees are justifiable, but many retail Forex / CFD brokerages do not charge them, so it is not a competitive practice.

Our bottom line on fees: FXTM’s fees are competitive for traders making any amount of deposit to an ECN-style account type, but is especially good value at amounts close to the $500 minimum deposit.

What Can I Trade

Following safety of funds and regulatory oversight, plus fees of course, the major priority to think about when choosing a new Forex / CFD brokerage is what assets you can trade. Many newer traders will be looking to trade only one single asset class, such as Forex, or CFDs on individual stocks and shares, but more experienced traders will probably be looking for diversification, meaning a wide offering across Forex, commodities, stocks, etc.

FXTM offers the following instruments for trading:

Forex – more than 57 currency pairs and crosses, including exotic currencies, as listed below.

Metals – a category somewhere between Forex and commodities that deserves to stand on its own, in the opinion of many traders, so let’s treat it that way. FXTM offers trading in spot gold and spot silver. Gold is paired with the U.S. Dollar, the euro, and the British pound. Silver is paired with only the U.S. dollar and the euro.

Commodities – a narrow selection of commodities, with only energies offered: both types of crude oil and natural gas:

Equity Indices – a selection of 11 major equity indices, offered from approximately 10 developed nations (no emerging markets are included within the selection):

Cryptocurrencies –4 major cryptos are offered paired with the USD. At the time of this FXTM review, the only cryptocurrency not offered from the top 5 largest cryptocurrencies is Bitcoin Cash:

U.S. Shares as CFDs – a wide selection of 120 major U.S. shares may be traded as certificates for deposit:

U.S. Shares (direct ownership) – a selection of 10 major U.S. shares which may be bought and sold with full legal ownership and no CFD wrapping.

Our conclusion regarding FXTM’s offering of tradable assets is quite favorable, with a range of asset classes offered that should satisfy traders looking to trade Forex, major equity CFDs, and individual leading U.S. equities. We think that the offering is sufficient for traders who are not particularly interested in diversification across a wide range of commodities or emerging market equity indices.

Account Types

A choice of six different account types is offered.

Accounts are divided into two types: Standard Accounts and ECN Accounts, which operate an ECN-execution model. The difference is essentially between execution costs restricted to variable spreads subject to a minimum amount, and variable spreads subject to no minimum plus commission (ECN). Both execution models have pros and cons, and each may better suit a different type of trader.

The Standard Account with the lowest minimum deposit is the Cent Account, which requires a deposit of only $10 to open. The account may be denominated in USD, EUR, GBP, or Nigerian Naira for customers residing in Nigeria. Variable spreads are charged and are subject to the highest minimums imposed by FXTM, making a typical “round trip” spread on the benchmark EUR/USD currency pair as high as 2.2 pips. However, overnight swaps are not charged or paid in this account type. This account offers 25 major and minor Forex currency pairs and 2 metals for trading. The maximum position size per trade is 1 lot (typically equivalent to $100,000 in nominal value) although of course where account size is low, maximum leverage (more on leverage later) will play a big role in defining a lower practical maximum. The only trading platform which may be used with this account type is the MetaTrader 4 platform.

The next Standard Account is, a little confusingly, called the Standard Account. It is available in the same base currencies as the Cent Account, but a minimum deposit of $100 is required. Variable spreads are charged and are subject to somewhat lower minimums, making a typical round trip spread on the benchmark EUR/USD currency pair approximately 2 pips. Customers have a choice whether to use the MetaTrader 4 or MetaTrader 5 trading platform with this account type. If MetaTrader 4 is used, overnight swaps are not charged, but they are charged if MetaTrader 5 is used. This account offers the full range of Forex, metals, commodities, equity indices and equities as CFDs described earlier as FXTM’s offering – everything except U.S. shares not wrapped as CFDs. The maximum position size per trade is 30 lots (typically equivalent to $3 million in nominal value).

The last of the Standard Accounts offered is the Shares Account. It is available in the same base currencies as the other two Standard Account types and requires a minimum deposit of $100 to open. Only the MetaTrader 4 platform may be used with this account type. Over 120 U.S. shares can be traded wrapped as CFDs. A fixed leverage of 10 to 1 is offered. A maximum position size per trade of 10 lots is offered.

Now we will move on to the range of ECN Accounts offered by FXTM, which all offer (obviously) an ECN execution model. This execution model means that you will tend to pay a lower cost to execute trades, but that prices may gap wildly under extreme market conditions, especially when trading currency crosses with generally low liquidity. All ECN type accounts are available in the same base currencies which we already listed for the Standard Accounts. All the accounts are swap-free with no overnight swap charged if the MetaTrader 4 platform is used. Customers have a choice between using MetaTrader 4 and MetaTrader 5 in all account types.

The ECN Account with the lowest minimum deposit required is the ECN Zero Account, at only $200. No commission is charged, and the minimum floating spread is 1.5 pips, so it is very difficult to see here what qualifies this to be considered as an ECN account. Traders using the MetaTrader 4 platform can trade 48 Forex currency pairs and crosses, 3 metals, and 14 CFDs. Traders using the MetaTrader 5 platform have a smaller range of assets they can trade: 33 Forex currency pairs and crosses are offered here, as well as 2 metals.

The next account we’ll look at is the ECN Account. A minimum deposit of $500 is required. There is a variable floating spread which is always at a minimum of 0.1 pips, unlike some ECN style accounts at other Forex / CFD brokerages which offer no minimum spread and sometimes even quote inverted spreads. The commission charged is $2 per lot for a round trip trade, which translates to 0.02% of the nominal value of the trade position size. Traders using the MetaTrader 4 platform can trade 48 Forex currency pairs and crosses, 3 metals, and 14 CFDs. Traders using the MetaTrader 5 platform have a smaller range of assets they can trade: 33 Forex currency pairs and crosses are offered here, as well as 2 metals.

The final account of the six offered is the FXTM Pro Account. As its title suggests, this account type is intended for advanced and well-capitalized traders, requiring a minimum deposit of $25,000. Despite it being an ECN account, no commissions are charged, and the variable spread which FXCM describes as “institutional level” may fall as low as zero. If the MetaTrader 4 trading platform is used to trade this account, 43 Forex currency pairs and 2 metals may be traded. If the MetaTrader 5 trading platform is used instead, 33 Forex currency pairs and 2 metals may be traded, as well as 10 major stocks.

Bottom line: our verdict is that a suitably wide range of alternative account types are offered, but some of the account types seem to be better value and more meaningful than others. We see the best all-round account offered by FXTM as the ECN Account which requires a minimum deposit of $500. The Cent Account can be opened with a deposit as small as $10 and at this level of capitalization, even with the relatively high average spread on EUR/USD of 2.2 pips, at such a low deposit level it is certainly competitive.

Leverage is an important topic to consider when evaluating a Forex / CFD brokerage. FXTM’s position on leverage is a little complicated as it offers accounts based in several different countries, all of which have different laws and regulations governing the maximum amount of leverage which may be offered. This means that we must consider where the trader is based more than the type of account which the trader wants to open to determine available leverage.

FXTM in the United Kingdom and Cyprus offer a maximum leverage of 25:1 on Forex, 20:1 on precious metals and indices, 5:1 for individual stocks and shares, and 2:1 on cryptocurrencies.

FXTM in South Africa and Mauritius are not subject to any restrictions on leverage, therefore the maximum amounts offered by them to these accounts are a decision for FXTM alone. Here FXTM’s leverage offering is quite complex, because the maximum leverage offered is determined by a combination of factors:

  • Account Type (the Pro Account offers a lower maximum leverage than the other account types, presumably to mitigate risk to FXTM from large wins by successful traders who have deposited the $25,000+ minimum deposit)
  • Instrument Traded – major Forex pairs offer the highest leverage, minors and metals less, followed by Forex exotics and then cryptocurrencies, which are offered with the lowest leverage of any asset class.
  • Notional Value of a Trade – the maximum leverage is only offered on the first $200k or $300k of the notional value traded, decreasing by higher tranches of value. For example,

Despite this, we can set out the absolute maximum leverage offered by FXTM outside the E.U. and the U.K. by asset class as follows:

Forex- 1000:1

Indices- 1000:1

Metals- 500:1

Cryptocurrency- 100:1

Shares- 10:1

Every type of account offered by FXTM allows hedging, scalping, and automated trading via Expert Advisers. As FXTM only uses the MetaTrader 4 and MetaTrader 5 trading platforms, there is a wide range of automated tools available which work with these platforms, and FXTM does not block or disable them.

FXTM (ForexTime)

User Review

Summary

ForexTime is an online forex broker that stands for transparency, simplicity, and clarity. Besides offering an online platform for trading, FXTM serves as a forex educator so that traders can learn effective trading strategies and make profitable trades.

Pros

• Registration takes just one minute
• Leverage of up to 1:1000
• Low spreads that start from $0.1 on ECN trading accounts
• High-speed execution of trade orders
• Certified Islamic accounts and swap free accounts

Cons

• Does not accept traders from some countries

ForexTime is an online forex broker that stands for transparency, simplicity, and clarity. Besides offering an online platform for trading, FXTM serves as a forex educator so that traders can learn effective trading strategies and make profitable trades.

Here are some of the biggest advantages of signing up at FXTM:

    Excellent Trading Conditions – The online forex broker offers fast execution of trade orders, tight spreads that begin from 0.1 pips, mini and micro lots, leverage of up to 1:1000, low minimum deposits, interbank liquidity, logarithmic trading, expert advisors, and No Dealing Desk (NDD) technology. Wide Range of Accounts – You can choose from three types of standard accounts and seven types of ECN accounts. Wide Range of Products – FXTM offers a wide range of trading instruments, trading platforms, and trading signals. Excellent Customer Support – The customer support at ForexTime is available in multiple languages. Market News and Analysis – You can avail of technical & fundamental analysis from top providers including economic calendar, weekly & daily reports, SMS alerts, trader calculators, and streaming news feeds. Winner of Multiple Industry Awards – The company has won a number of industry awards, such as the International Finance Awards Best Online Forex Trading Company Nigeria (2020), Hexun.com’s Reputable Investor Education Forex Broker Award (2020), Fxeye.com’s Forex Brand of the Year China (2020), International Business Magazine’s Best Forex Education Provider Africa (2020), and FXEmpire’s Most Innovative Broker (2020), to mention just a few.

How Reliable is ForexTime?

FXTM is licensed and well-regulated. FT Global Limited, its parent company, operates under a license granted by the International Financial Services Commission (IFSC). The IFSC aims at promoting and developing Belize as a global center for financial services.

The broker offers customer support for 24 hours per day from Monday to Friday. You can call the number +44-20-3734-1025 whenever you need assistance.

ForexTime is very serious about transparency and regulation. It is a licensed online broker that segregates client funds and never mixes it up with operational funds. Its industry reputation is quite strong owing to its excellent trading conditions, experienced management team, commitment to customer satisfaction, and excellent trading conditions.

The parent company of FXTM, Exinity Limited, is licensed and regulated by the Financial Services Commission (FSC) of Mauritius. You can view details of this license on the FXTM website.

Moreover, FXTM offers excellent customer support through the following methods:

  • FAQ: You will find answers to commonly asked questions on the FAQ page.
  • Email: Send an email to [email protected] and get a quick response.
  • Live Support: Top-rated live support is available through Live Chat, Telegram, Call Back, Viber, and Messenger.
  • Telephonic Service: Support numbers, including toll-free numbers for several countries, are available on the contacts page of the online broker’s website.
  • Snail Mail: You can send a snail mail to ForexTime’s parent company Exinity Limited at 5th Floor, 355 NEX Tower, Rue du Savior, Cybercity, Ebene 72201, Mauritius.

Register & Open a Demo Account

ForexTime gives new traders the option of opening a live account or try demo trading with balance of $1,000,000 in virtual funds. To open a demo account, you have to click on the Open Demo Account link. This takes you to an online registration form, in which you have to enter your names, country of residence, and email address and create a password.

Once you are confident about trading and want to open a live trading account, you can choose from the following types of trading accounts.

Types of Trading Accounts

ForexTime has designed several types of accounts to suit different trading styles. The two main types of accounts at the broker are Standards Accounts and ECN Accounts.

Standard Accounts

You can choose from the following three types of standard accounts:

    Standard Account – This type of account features tight floating spreads, leverage starting from 1:1000, instant trade execution, SWAP-free option, and no hidden commission. Standard accounts permit hedging and are available in GBP, EUR, NGN, and USD. Cent Account – Meant for low risk traders, it comes with a minimum deposit of $5. It features SWAP-free option, cent lots, fixed leverage of 1:1000, instant execution of trade orders, and tight floating spreads. Shares Account – Meant for those who prefer trading shares, this account gives access to over 180 US shares. It comes with no commissions, instant execution of trade orders, SWAP-free option, and fixed leverage of 1:10.

ECN Accounts

You can choose from three types of ECN accounts, as follows:

    Zero Account – This type of account comes with tight floating spreads, leverage of up to 1:1000, no requotes, and tight floating spreads. It permits scalping and hedging. ECN Account – The spreads start from 0.1 and leverage of up to 1:1000 is available. The commission is low, starting from $4. It permits scalping and hedging. FXTM Pro Account – Meant for professional traders, it features high-speed execution of trade orders, no requotes, no last-look pricing, SWAP-free option, no commission, and floating leverage of up to 1:200.

Trading Platforms

ForexTime offers a wide range of trading platforms, including the immensely popular MT4 and MT5 platforms. You can download these platforms of their Mac computers or PCs or mobile devices.

    MetaTrader 4 Platform – The MT4 platform is available for PC, Android, iOS, and Mac. In addition, clients can choose from the MT4 WebTrader and the MT4 MultiTerminal. MetaTrader 5 Platform – The MT5 platform is available for desktop, Android, iOS, and Mac. Those who would like to trade on their browsers can choose the MT5 WebTrader.

Trading Instruments

ForexTime offers trading on a wide range of trading instruments, as follows:

    Forex – ForexTime users can access the forex market 24 hours per day and five times per week. They can trade 50+ pairs of currencies and enjoy floating leverage of up to 1:1000, low spreads that start from 0.5, and five decimal pricing. Spot Metals – Customers who wish to diversify their portfolio can trade precious metals such as gold and silver directly on FXTM. Share CFDs – Gain access to 180+ stocks by just opening the Shares Account. Commodity Futures CFDs – Trade CFDs on oil products such as Brent Crude and West Texas Intermediate or indices such as S&P, DAX, and CAC. CFDs on Indices and ETFs – FXTM allows its clients to trade ETFs through their authorized participant and gain access to funds invested on stock exchanges. CFDs on Cryptocurrencies – Trade cryptocurrencies such as Ethereum, Litecoin, and Bitcoin paired with fiat currencies such as USD, EUR, and GBP.

FXTM Bonus & Promotions

ForexTime offers welcome bonuses, deposit bonuses, and cashback bonuses to new as well as existing players. However, these offers are time bound and must be grabbed before they expire.

The company also runs a variety of forex contests to give clients a chance to showcase their skills and prove their expertise. They can compete with traders from different parts of the world and win titles and prizes if they win.

If a trader registered with FXTM refers a friend or a family member, he/she will get a bonus of $25. They can use a customized referral link to promote the online broker. Traders can earn up to $10,000 just by referring friends and family members, and they can withdraw these funds any time they wish.

ForexTime is also home to a five-level loyalty program, which rewards loyal traders with bonus offers, cash back, and many other benefits. To unlock the rewards, you have to achieve the higher levels. You can do this by simply trading on your favorite instrument.

Get a Forex Education

You can easily get a forex education at FXTM. You can read high-quality articles on forex trading, view video tutorials, sign up for webinars, and check out the glossary.

Here is a list of educational and informative resources at ForexTime:

    Free eBooks – FXTM has free eBooks for beginners as well as advanced traders. These eBooks are written by Andreas Thalassinos, a certified technical analyst and FX educator. Forex Trading Seminars & Workshops – New customers can register for free for upcoming trading workshops and seminars. Forex Trading Webinars – Signing up for a webinar at FXTM is absolutely free of charge.

In addition, there are forex trading strategies, forex glossaries, education articles and videos, periodic tables, beginner guides, and short forex educational videos, all designed to help traders improve their skills and knowledge of strategies.

Trading Toolbox

The FXTM trading toolbox and all the useful tools it contains is available free of charge. They range from risk management tools to technical analysis tools and have been developed to help clients make profitable trades.

Here is a brief overview of the tools’ traders can expect at FXTM:

    Daily market analysis FXTM trading signals FXTM pivot point strategy Forex news timeline Economic calendar Currency converter Calculators such as margin calculator, pip calculator, invest profit calculator, and profit calculator

Guide to Making Deposits

Depositing funds into trading accounts and withdrawing profits is an easy process, which hardly takes any time. FXTM offers a wide range of local and international banking methods, many of which can be used for deposits as well as withdrawals.

To make a deposit instantly without fees or commission, you can use the following methods:

    Maestro MasterCard Visa Neteller Skrill 1-Tap WebMoney Qiwi Wallet Yandex Money Perfect Money

You can also use Bitcoin to make deposits in 24 hours without paying any commission. The traditional method of Bank Wire Transfer is also available, but the deposits will take up to five days to hit the account.

How to Withdrawing Profits?

You can withdraw your winnings with zero commission using the following methods:

    China Union Pay Neteller Skrill

You can make withdrawals on low commissions in the range of 1% to 1.5% using the following methods:

    Cryptocurrencies Yandex Money Qiwi Wallet Bitcoin

Bank Wire Transfer is also available as a withdrawal option, but it carries a commission of €30.

You can also use Visa, MasterCard, and Maestro by paying a commission of $3. Usually, the profits hit traders’ personal accounts in just 24 hours.

Our Take on FXTM

The online brokering service at FXTM is nothing short of exceptional. It is not only an online trading platform, but also an online teaching platform. Since the broker knows exactly what clients need, it features excellent customer support, wide range of account types and trading platforms, plenty of high-quality educational resources, and a wide range of bonus offers, which include refer-a-friend bonuses, cashback for loyalty, and welcome offers. We recommend opening the Demo Account or the Cent Account to get started at ForexTime.

FXTM (ForexTime)

ForexTime is an online forex broker that stands for transparency, simplicity, and clarity. Besides offering an online platform for trading, FXTM serves as a forex educator so that traders can learn effective trading strategies and make profitable trades.

Get more by trading from your comfort zone

Every trader’s needs are unique which means flexibility is of paramount importance. That’s why we offer the industry’s leading trading platforms MetaTrader 4 and MetaTrader 5 on your PC, Mac, mobile or tablet to suit you. Prefer to trade directly from your browser? Download MT4 or MT5 WebTrader versions for PC and Mac to trade in comfort. For traders with multiple accounts, we also offer Multi Account Manager (MAM) on MT4 for easy management and your ultimate convenience.

Need to trade on the move? Download our innovative mobile app FXTM Trader and keep the markets with you wherever you go. Packed with helpful features including live currency rates, state-of-the-art charting tools and more, it’s the perfect trading companion.

What is a Forex Trading Platform?

A forex trading platform is an online software which enables investors to access the foreign exchange market. It can be used to open, close and manage trades from the device of their choice and contains a variety of tools, indicators and timeframes designed to allow you to monitor and analyse the markets in real-time.

Trading platforms such as MetaTrader don’t just limit you to foreign exchange — you can trade a variety of other financial instruments including commodities, precious metals, CFDs and more.

A client-centric broker like FXTM makes these cutting-edge platforms available to download for free, and offers you any technical or practical support you may need.

MetaTrader

MetaQuotes Software initially released MetaTrader 4 in 2005 and it rapidly grew in popularity due to its wide variety of third party scripts and advisors. Within just a few short years, brokerages began to offer the platform in addition to their own trading software and it soon became the go-to industry favourite.

In 2020, MetaQuotes launched MetaTrader 5, which provides an even broader range of analytical tools, indicators and other trading resources.

These cutting-edge platforms, combined with FXTM’s range of products and services, make for a truly exceptional trading experience.

What’s the difference between the MT4 and MT5 trading platforms?

MetaQuotes Software created MT4 and MT5 with great trading in mind. Both platforms offer pioneering automated trading systems, a host of tools and expert advisors and an intuitive user interface. They also both offer customisable features, meaning each user’s trading experience is tailored to their requirements.

However, there are significant differences between the two — and it is vital to understand the unique features of each platform to identify the right fit for you.

MetaTrader 4, also known as MT4, is a stand-alone online trading platform developed by MetaQuotes Software. Trading on MT4 with FXTM provides access to a range of markets and hundreds of different financial instruments, including foreign exchange, commodities, CFDs and indices.

It provides you with all the tools you need to both manage your trades and analyse the markets, whilst also being completely free to download.

Discover better trading today when you combine this innovative platform with FXTM’s investment solutions.

What the MetaTrader 4 platform offers:

  • Easy-to-read, interactive charts
  • Monitor and analyse the markets in real-time
  • Access to more than 30 technical indicators
  • Nine different timeframes to choose from
  • Identify market trends and signals for entry and exit points
  • A powerful security system and multi-device functionality
  • Trade with complete confidence at a time that suits you

Read more on MT4

MetaTrader 5, or MT5, is the newest and most advanced online trading platform offering from MetaQuotes. Trading on MT5 via FXTM gives you even greater access to financial markets including currencies, commodities, precious metals and other CFDs.

Its diverse functionality, fundamental and technical analysis tools, copy trading and automated trading equip you with the best tools and instruments available. MetaTrader 5 is also completely free to download.

What the MetaTrader 5 platform offers:

  • More balance transaction types compared to MT4
  • A total of 44 analytical objects and unlimited number of charts
  • An integrated economic calendar and email system
  • Multi-threaded strategy tester
  • Fund transfer process between accounts
  • A system of alerts to keep up to date with all the latest market events
  • Embedded MQL5 community for traders to chat and network with peers and share tips and strategies

Read more on MT5

For more information on the key differences between the MT4 and MT5 platforms, take a look at our handy infographic.

FXTM Trader App

FXTM Trader is our customised app that enables you to access the markets from the palm of your hand, on-the-go. The financial markets are always moving, and this app helps you to keep up with the action. Download today to manage your trades in seconds, view your trading accounts and access live currency rates.

FXTM Trader is available to download for free on both iOS and Android devices, and offers the following features:

  • Open, close and modify positions on all 250+ forex and CFD instruments on both live and demo accounts
  • Live currency rates 24/5
  • User-friendly trading dashboard
  • State-of-the-art charting tools
  • Unlimited access to MyFXTM, meaning you can withdraw, deposits and monitor your funds in mere seconds
  • 1-click trading for even faster market action, and much more!

Choose a trading platform for your device

One of MT4 and MT5’s biggest advantages is that they are both available on a wide variety of devices. Whether you’d prefer to trade from your mobile, tablet or PC, the choice is yours!

Windows Operating System

Prefer to trade from the comfort of your desk? Download MetaTrader to your PC to receive the full technical analysis toolkit. Available for both MT4 and MT5.

Your Mac Operating System

Are you a Mac user? Explore the financial markets on your laptop or computer. Learn how to download MT4 and MT5 for free today.

WebTrader

Looking for complete simplicity? MT4 and MT5 with WebTrader – no download required! All you need is an internet connection.

Android – Mobile and Tablet

If you’re an Android user, you can keep on top of every market movement by downloading MT4 and MT5 on to your mobile or tablet as you prefer.

IOS – iPhone and iPad

Prefer to trade from your iPhone or iPad? Download MT4 or MT5 for iOS straight from the Apple App Store. It’s completely free.

MetaTrader indicators & add-ons

MetaTrader indicators and add-ons enable you to tailor your trading experience to your individual needs. These tools can give you key insights into a variety of factors including price movements, market trends and more.

What are MetaTrader indicators?

MetaTrader indicators are sophisticated technical analysis tools that, when used effectively, can boost both your success and your profitability. You will automatically have access to some of the most superior indicators available when you download MetaTrader with FXTM.

Each MetaTrader indicator has a unique function, so several can be combined according to your trading strategy. It is important to explore and practice each indicator thoroughly to achieve potentially positive results.

What are MetaTrader add-ons?

MetaTrader add-ons are additional features designed to enhance your trading experience even further. These add-ons also have a specific purpose and can be used in tandem to complement your trading.

Download MetaTrader with FXTM today to add these powerful tools to your trading tool kit.

Get more from the markets with FXTM on MetaTrader

If you’ve chosen your preferred platform, log in or register to download it right now – it should only take you a few minutes.

Feeling a little unsure about which version is right for you and your trading? Contact our friendly Customer Support Team who will be more than happy to help.

Already using MetaTrader 4 or MetaTrader 5 with another broker? No problem! Switching to FXTM is quick and easy — sign up in minutes to discover better trading with a global award-winning team.

More about FXTM
FXTM Promotions & Contest
Media Corner
Policies & Regulation
FXTM Sponsorships

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 Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614. The company is also registered with the Financial Conduct Authority of the UK with number 600475.

ForexTime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911.

Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number C113012295.

Risk Warning: 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 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.

Regional restrictions: FXTM brand does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, the Occupied Area of Cyprus. Find out more in the Regulations section of our FAQs.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Brokers, Signals and Strategies
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: