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ForexTime.com Review – Is FXTM a Safe Brokerage for 2019?

FXTM (ForexTime.com) is an online investment brokerage that supports cryptocurrencies, forex and contracts-for-difference investments.

Supporting over a reported million registered users, ForexTime has greatly cultivated their platform since their inception back in 2011.

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During the time of writing this review, FXTM supported licensing and regulation approval from 3 different regulatory agencies while opening their doors to a wide selection of global demographics.

To learn more regarding the FXTM investment brokerage AND whether this trading brokerage is recommended amongst the investment community, we invite you to read our unbiased review!

What is FXTM?

ForexTime_Reviews

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Forex Time, commonly referred to as FXTM, is an online forex and CFD investment brokerage.

Among the type of investment assets available for day trading at ForexTime.com would be currency pairs, commodities, indices, stocks, pair options and cryptocurrency pairs.

As of 2019, FXTM supports 3 separate trading platforms which are as followed:

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  • MetaTrader4 (MT4)
  • MetaTrader5 (MT5)
  • WebTrader

Due to supported trading platforms of FXTM, day traders are able to invest on any device that is capable of sustaining an active Internet connection.

To add, FXTM has recently launched both their FXTM Trader and MetaTrader Mobile Trading Apps which are available for both Android and iOS devices.

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Leverage depends upon which asset and volume of capital you plan to invest with but leverage varies between 1:1000 to 1:10.

Trading Accounts

ForexTime supports 3 standard investment account options and 3 ECN investment account options.

Standard Accounts

Standard Account

Spread: From 1.3

Trading Platform:Mt4/MT5

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Minimum Deposit: $100

Margin Call/Stop Out: 40%, 20%

Max Number of Orders: 100

Cent Account

Spread: From 1.5

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Trading Platform: MT4

Minimum Deposit: $1,000

Margin Call/Stop Out: 60%, 40%

Max Number of Orders: 300

Shares Account

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Spread: From 0.1

Trading Platform: MT4

Minimum Deposit: $100

Margin Call/Stop Out: 40%, 20%

Max Number of Orders: 100

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FXTM_Standard_Accounts_2019

ECN Accounts

ECN Account

Leverage: 1:1000 – 1:25

Trading Platform: MT4/MT5

Minimum Deposit: $500

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Margin Call/Stop Out: 80%, 50%

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Max Number of Orders: Unlimited

ECN Zero Account

Leverage: 1:1000 – 1:25

Trading Platform: MT4/MT5

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Minimum Deposit: $200

Margin Call/Stop Out: 80%,50%

Max Number of Orders: Unlimited

FXTM Pro Account

Leverage: 1:200 – 1:25

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Trading Platform: MT4/MT5

Minimum Deposit: $25,000

Margin Call/Stop Out: 80%, 50%

Max Number of Orders: Unlimited

FXTM_ECN_Accounts_2019

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Payment Methods

ForexTime is relied upon by investors from all around the globe, due to FXTM being located in 3 different jurisdictions it would make sense that they would support a wide variety of payment methods.

During the time of writing this review, FXTM currently supported 40 payment methods some of which are included in the list below:

  • Visa
  • MasterCard
  • Maestro
  • Neteller
  • Skrill
  • Bitcoin
  • PerfectMoney
  • CashU
  • WebMoney
  • FasaPay
  • Konnexone
  • Bank wire transfer

Deposits into the platform can range from instantaneously to up to 3 to 5 business days.

Withdrawal requests are accompanied with a 24 to 48 hour processing time while flat range fees or commission fees ranging between 0.5% to 2% are imposed.

Bank wire transfers are accompanied with the biggest fee of 30 euros.

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Important: When an account has been deem inactive (no trading activity) for a period of 6 months, FXTM will apply an inactivity fee of 5 EUR/USD/GBP.

Licensing & Regulation

The FXTM Brand is authorized and regulated in various jurisdictions.

ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission (CySec) with CIF license number 185/12 and licensed by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP No. 46614.

To add, ForexTime Limited (www.forextime.com/uk) is also registered with the Financial Conduct Authority with license number 77791.

FT Global Limited (www.forextime.com) is authorized and regulated by the International Financial Services Commission of Belize with License numbers IFSC/60/345/TS and IFSC/60/345/APM.

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It should be noted that all card transactions are processed via FT Global Services Ltd, which has a registration number of HE 335426 along with the following registered address:

Tassou Papadopoulou 6, Flat /office 22, Ag. Dometios, 2373, Nicosia, Cyprus, a wholly owned subsidiary of FT Global Ltd

Important: FXTM brand does not provide services to residents of the USA, Belize, Japan, British Columbia, Quebec and Saskatchewan and some other regions.

ForexTime_Ltd_Regulation

Additional Features

ForexTime also offers some platform features that are kind of run-of-mill amongst online brokerages.

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These platform features include an education center where day traders can browse various eBooks, seminars, webinars and trading approaches to add to their investment arsenal.

FXTM also includes typical market analysis tools such as an economic calendar, Brexit countdown, quarterly reports along with market analysis videos.

Trading Tools

  • FXTM Trading App
  • FXTM Pivot Points Strategy
  • FXTM Trading Signals
  • Currency Converter
  • MT4 Indicators
  • Forex VPS Trading
  • FXTM Invest Profit Calculator

Trading Instruments

  • Currency Pairs (Forex Trading)
  • CFDs on Commodities
  • CFDs on Indices
  • Spot Metals
  • Share CFDs
  • Cryptocurrency CFDs
  • Stock Trading
  • Contract Specification

There is a Copy Trading feature also available at ForexTime.com.

Contacting FXTM

ForexTime offers a wide range of contact methods to reach out to their operators.

Perhaps the easiest way would be to contact them via live chat at ForexTime.com.

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China

Email: [email protected]

India

Email: [email protected]

Telephone: 000800-100-4352

Indonesia

Email: [email protected]

Telephone: 007 803 321 8183

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Malaysia

Email: [email protected]

Telephone: +60-3-9212 5856

Nigeria, Abuja

Email: [email protected]

Telephone: +234 803 153 4373

Location: 1st Floor, Suite 109, Obum Place, Plot 1140, No. 16, Adetokunbo Ademola Crescent, Wuse 2 Abuja, Nigeria

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Nigeria, Lagos

Email: [email protected]

Telephone: +234 1 460 1586

Telephone: +234 908 735 2313

Telephone: +234 803 457 3593

Location: 3rd Floor, 5, Allen Avenue, Ikeja Lagos, Nigeria

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South Korea

Email: [email protected]m.com

Telephone: 003-0813-2643

Thailand

Email: [email protected]

Telephone: +66 60 003 5095

FXTM Reviews

During the time of writing this review, most of the reviews regarding ForexTime.com were outdated.

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Mostly ranging from 2015 to 2018, nothing really in regards to relevancy as of 2019.

The general consensus amongst most online review portals though would be that FXTM is a legitimate investment brokerage.

A popular consumer review portal known as TrustPilot has a FXTM review rating of 4 out of 5 star out of 200 reviews.

Share below are a few of the most relevant reviews we found:

“FXTM is wonderful . There trade execution is very fast just like the speed of light”

“it’s the best forex broker, which I have ever seen before”

“Why I Gave 3 Star Was Because I Haven’t Withdraw Yet, But With My Experience So Far With FXTM Is A Great Company! Their Customer Support Is Superb, But You Guys Need To Lower Ur Spreads Is To High Great Company I Hope To Plqce Withdrawal Soon….”

Popularity

According to SimilarWeb, ForexTime.com reflected a global rank of 49,167 with a Nigeria rank of 344 as of February 27th, 2019.

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FXTM supports over an average of a million site visitors per month while over 20% of the sites traffic stems from referral, email and social media based outlets.

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ForexTime.com Complaints

While the majority of the community feedback regarding FXTM is positive, we did find a particular nasty thread regarding FXTM (ForexTime.com) which can be found at Forex Peace Army.

Amongst the complaints would be how FXTM conducts ‘price manipulation,’ ‘are not recommended’ along with the assertion of being ‘big scammers.’

FXTM has taken the time to reply to each of the complaints found at ForexPeaceArmy while the overall review rating out of 91 reviews at that thread sits at 2.712 out of 5 stars.

FXTM Review Ruling

ForexTime has come a long way since they first emerged into the online investment industry.

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Supporting over 250 investment assets while providing effective investment tools makes FXTM a perfect destination for first-time and veteran day traders.

Reflecting multiple regulation and licensing approvals has enabled FXTM to expand their operation to multiple regions across the globe.

If you reside within a region where FXTM can support you and if you have been seeking a trustworthy investment brokerage with a good track record, then FXTM could be worth looking into.

Verdict: FXTM is a Legitimate and Regulated Investment Brokerage.

Official Platform: ForexTime.com

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We invite you to share any insight, experiences or feedback you may have below!

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4 Comments

    • Tim

      Yes, that is correct.

      I made this well aware when I published my review in the Licensing & Regulation section.

      Important: FXTM brand does not provide services to residents of the USA, Belize, Japan, British Columbia, Quebec and Saskatchewan and some other regions.”

      To learn about top-rated investment options that may be available where you reside, visit the Table above.

      Thank you for your insight and feedback.

      Tim

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