Regulation CySEC , IFSC
Accepts US Clients: No
Min. Deposit: $5
Leverage: 1000:1
Platforms: MT4 , MT5

Broker Overview

Company Information

Broker’s Name ForexTime
Website www.forextime.com
Headquartered in Cyprus
Founded in 2013
Regulating Authority CySEC, IFSC
US Clients Accepted  ForexTradingTime.com_ Forex Brokers List & Reviews
Telephone Number 357 25 55 87 77
Fax Number 00357 25558778
E-mail Address info@forextime.com

Account Options

Type of Broker ECN , STP
Commission No
Mini Account  ForexTradingTime.com_ Forex Brokers List & Reviews
VIP Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Segregated Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Islamic Account (Swap Free)  ForexTradingTime.com_ Forex Brokers List & Reviews
Demo Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Institutional Accounts  ForexTradingTime.com_ Forex Brokers List & Reviews
Managed Accounts  ForexTradingTime.com_ Forex Brokers List & Reviews
Maximum Leverage 1000:1
Minimum Deposit $5
Deposit Options Bank Wire Transfer , Credit Card , Debit Card , FasaPay , Moneybookers , Neteller , Skrill , Webmoney , Western Union , Payza
Withdrawal Options Bank Wire Transfer , FasaPay , Indonesia Local Banks , Moneybookers , Neteller , OKPay , Skrill , Union Pay , Payza

Bonus & Rewards

No Deposit Bonus ForexTradingTime.com_ Forex Brokers List & Reviews
Bonus for First Deposit  Yes
Is the Bonus Based on the Volume of the Transaction? ForexTradingTime.com_ Forex Brokers List & Reviews
Other Bonuses Yes

Trading Platform

Platform Type MT4, MT5
Platform Languages Multi-lingual
OS Compatibility Mac OS , iOS , Windows , Android
Streaming News Feed Yes
Trading Signals Yes
Automated Trading Yes
Trade From Charts ForexTradingTime.com_ Forex Brokers List & Reviews
Market Commentary ForexTradingTime.com_ Forex Brokers List & Reviews
E-mail Alerts ForexTradingTime.com_ Forex Brokers List & Reviews
Mobile Alerts ForexTradingTime.com_ Forex Brokers List & Reviews
Scalping ForexTradingTime.com_ Forex Brokers List & Reviews
Hedging ForexTradingTime.com_ Forex Brokers List & Reviews
Trailing Stops  Yes
Guaranteed Stop Loss No
Guaranteed Limit Orders No
Guaranteed Fills No
Interest on Margin No
One-Click Execution Yes
OCO Orders Yes

Customer Service

Customer Support Languages Multi-lingual
Customer Service Hours 24h
Place Trades Over the Phone?  Yes

ForexTime - Review

ForexTime Review


Founded by Andrey Dashin in December 2012, ForexTime is considered a newcomer to the online forex trading scene. Nevertheless within a span of two short years, this broker has managed to carve out a name for itself by wining several awards such as “Best Newcomer 2013” and “Fastest Growing Forex Broker” from the industry.

The success of ForexTime (FXTM) can be said to be largely due to its founder Andrey Dashin who happened to be also the co-founder of the leading forex online broker Alpari. Another key reason for the success of FXTM is the commitment of the company in delivering first class service to their clients. Apart from forex, FXTM also offer trading for a range of other financial products such as:

  • CFDs on Commodity Futures
  • ETF CFDs
  • Share CFDs
  • Spot Metals
FXTT

Trading Platforms


Trading at ForexTime is available on either MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. These platforms are available as Web based as well as download versions. As for traders wishing mobility, they can install mobile versions of MT4 and MT5 on their mobiles devices.

The guys at FXTM have certainly worked hard to make life for their traders as easy as possible. As for professional traders who want the best possible spreads, they also have the choice of ECN MT4 or ECN MT5 platforms to work with.

FXTT2

Account Types


Apart from diversity in products, FXTM also provide their traders with choices of trading accounts. The trading accounts are categorized into Standard accounts and ECN accounts.

 

Standard Accounts

Standard accounts are divided into the following:

  • FXTM Cent
  • FXTM Fixed Spread
  • FXTM Standard

ECN Accounts

As for ECN accounts, they are categorized into:

  • FXTM ECN
  • FXTM ECN MT5
  • FXTM ECN ZERO
  • FXTM ECN ZERO Amanah (Islamic Trading Account)

The good thing about FXTM is that they don’t impose a minimum deposit requirement. Traders can start trading with whatever amount they feel comfortable with. However, to qualify for rebates, you need to meet their minimum initial deposit requirements.

 

Commission & Spreads

The spreads payable at FXTM depends on the type of trading account that the trader is trading from. For FXTM Standard accounts, the spread starts from 0.1 pips. As for FXTM Fixed Spread and FXTM Cent trading accounts, the spreads are fixed from 2.1 pips. With ECN trading accounts, no spreads are payable but traders are imposed a commission for services rendered. The rate depends on the volume of trades transacted. 

 

Customer Support

One of FXTM’s strong points is their exceptional customer service. Apart from having multi-lingual support staffs to assist traders with their problems, their personal accounts managers are also multi-lingual. Their services make one feel as if you are the only trader that they are attending to. Help is always available on hand through email, live chat, Skype or the telephone.

 

Reliability

Based in Cyprus, FXTM is a regulated broker under the Cyprus Securities Exchange Commission (CYSEC) with the license number: 185/12. As a regulated entity under CYSEC, this mean FXTM is MiFID compliant and is authorized to accept clients from all EEA countries. In addition, FXTM is also a registered entity with the British FCA. by adhering to proper regulatory requirements, FXTM is able to offer their traders the peace of mind when trading.

 

Pros

  • Attractive prizes for completion
  • Choices of Fixed or variable spread
  • ECN account available
  • Exceptional Customer support
  • Fast and efficient trade executions
  • Multiple choices of platforms
  • No minimum deposit requirement
  • Offer very tight spreads (starting from 0 pips)

 

Conclusion

In summary, FXTM does seem to offer its traders one of the best trading environment that they can hope for. The support team are dedicated and are determined to render in any way possible to assist traders with any problems that they have.

In addition, the management team should also be commended for their continued efforts to provide traders with new promotions and attractive prizes. Regardless whether one is a novice or experienced trader, FXTM makes everybody feel special.

 

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