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ForexTime (FXTM) broker review

Financial markets are a place where a lot of money spins. Today, funds can move through new communication channels with high speed. This opens vast opportunities for financiers. Sitting at home, you can make deals in the currency markets of Japan, England, the United States, Australia, and so on. To do this, you need to find a reliable broker. This time we will talk about a company like Forex Time (FXTM). This is a "dark horse" in the Forex market, which has long remained in the shadows and only in recent years began to attract investors from different countries actively.

General information about Forex Time1

General information about Forex Time (FXTM) 

Broker FXTM started working in 2011. The following year, the organization obtained a license from the Cyprus regulator CySEC, which entitles it to provide services within the European Union. During the first years of operation, the broker practically did not attract clients, but only improved the technical and operational work of the company.

Forex Time started to develop actively in 2013. Users are offered more than 70 instruments for trading, the number of payment systems is increasing, new account types are added, the number of language versions is increasing, and so on. In 2014 Forex Time continues the chosen course, focusing on expanding markets and increasing the number of trading instruments. In many respects, the company's policy is to increase the loyalty of regular traders. FXTM staff conducted a survey in 2015, which showed that more than 80% of customers trust the company. In the same year, a system of copying transactions appeared, due to which the broker's services became attractive to investors.

The year 2016 was no less successful for the company. Thus, according to the company's data, the number of registrations exceeded the mark of 480 thousand. The number of payment systems increased to 30. The company has developed several exciting partner programs with the help of which it plans to attract even more clients. Official website of FXTM broker The company is interested in clients from different countries. This is evidenced not only by the availability of licenses from various regulators but also by a large number of language versions. The information on the official website of the FXTM broker is provided in the following languages:

  • English;

  • Russian;

  • French;

  • Czech;

  • Polish;

  • Spanish;

  • Italian;

  • Arabic, and so on.

Trading accounts Forex Time 

Broker FXTM provides an opportunity to open several different accounts. Their main parameters can be found below.

 

Account type

Standard

Cent

Equities

Currency

USD/EUR/GBP

Minimum deposit 

100$

100$

100$

Maximum deposit

– 

– 

– 

Commission

– 

– 

– 

Stop out

20%

40%

20%

Spread

From 1.3

From 1.5

From 0.1

Margin Call 

40%

60%

40%

SWAP

– 

– 

– 

Maximum number of orders

100

300

100

Micro lot (0.1)

Is present

Mini lot (0.1)

Is present

Standard lot (1)

Is present

 

Users have the option to open a demo account. With its help, you can trade on virtual funds without financial risks. Such accounts are often used during training to gain practical trading experience. 

General information about Forex Time2

 

Gold as collateral in Forex Time 

The company offers its clients a unique service. Each registered user can purchase any amount of gold weighing from 1 gram. Purchased precious metal can be used to save personal funds or as collateral when trading from a personal account.

Such a service has the following advantages:

  • the minimum weight of gold available for purchase is 1 gram;

  • when buying gold from 100 grams, it is possible to order delivery;

  • buying and selling gold takes several minutes;

  • distribution of gold takes less than six weeks;

  • the purchased gold can be used in trading as collateral.

FXTM Training

Before you start trading in Forex on your own, you need to gain the necessary knowledge and experience. On the official website of FXTM broker, you can find the "Training" section. With its help, beginners can quickly get acquainted with the currency market and become on the path of a real trader.

Training consists of several parts:

  • what Forex is;

  • training videos;

  • articles;

  • glossary of terms;

  • webinars;

  • seminars;

  • e-book.

Each user of the network will be able to feel confident in the quality of a trader on the currency market and move to trade real currency. During the training, use only a demo account to protect yourself from financial risks.

Investing in Forex Time

Forex Time Broker offers to take advantage of all the benefits of the foreign exchange market without the necessary knowledge and experience. Each user can take advantage of the services of experienced managers, transferring funds to them in trust management. In return, a trader charges a commission of up to 50% of the net profit. Thus, the investor and the manager can cooperate on mutually beneficial terms.

To choose a manager, the company provides a rating. It contains data on account profitability, maximum drawdown, risk level, trading period and commission amount. You can go to the personal page of the manager to get more detailed statistics on individual trading periods. All you need to do to invest is register in the system and fund your account. PAMM Broker offers to use the PAMM program. This service allows diversifying the risks associated with trust management. It is much safer to divide the capital between several managers at once. If one of them goes down, the investment portfolio will still show a positive return due to the trade of other traders.

The peculiarity of the PAMM program in FXTM company is that the specialists independently make up the investment portfolio for the investor. The user only needs to specify the risk data and the necessary profitability to select a suitable offer. The minimum investment amount is EUR 50.

Over 2 million people worldwide have chosen a global leader in online financial trading & investment.

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Deposit and withdrawal to FXTM

FXTM supports a large number of payment systems. Among the most popular payment systems is worth noting:

  • VISA/MasterCard/Maestro;

  • WebMoney;

  • Neteller;

  • Skrill;

  • Money;

  • QIWI and others.

Depositing of the account is carried out without commissions, but at withdrawal Forex Time broker can withdraw 1-2% or 1-2$. More details about deposit and withdrawal conditions can be found on the official website of the company.

General information about Forex Time3

 

Opinion and reviews of FXTM from ProfitGid

Forex Time broker is noticeably inferior to well-known companies in the CIS market, including TeleTrade, Alpari, Forex Club, PrivateFX and others. First of all, it is connected to an advertising campaign. FXTM only in recent years began to promote its brand in post-Soviet countries actively. Because of this in a network, not so many responses about this broker. Already had experience with FXTM? Tell us about your impressions in comments. Your feedback will help to make an objective rating of brokers and help other readers of ProfitGid to find a reliable partner for trading on the foreign exchange market.

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