ForexTime (FXTM) is an international online Forex broker. The company was founded in December 2012 and is headquartered in Cyprus. It has been one of the fastest growing brokers since its foundation. It was awarded the Fastest Growing Forex Broker during Mena Forex Show 2013 and the Best Forex Newcomer 2013 from World Finance Foreign Exchange Awards.
It is noteworthy that the company’s rapid growth does no harm to quality of its services and the range offered. ForexTime is developing comprehensively, following a well-planned and detailed program.
Regarding FXTM’s quick success, it is worth mentioning that the company is a brainchild of Andrey Dashin, who has recently become one of the founders of Alpari being among the largest global Forex brokerage companies.
FXTM offers a wide variety of trading tools to its customers, including:
- 64 currency pairs (20 of which are exotic),
- CFD and ETF contracts,
- futures and options,
- precious metals.
The fast growing customer base of the company (over 80 000 customers from 28 countries) includes private traders and large investment funds.
Deposits and Withdrawals
FXTM customers can make deposits and withdrawals using the following financial instruments:
- Bank transfer;
- Visa, Mastercard, Western Union, Union Pay Credit Cards;
- Neteller, Moneybookers (Skrill), Quick Pay, Payza, OKPAY E-Wallets.
All payments are processed in due time:
- Bank transfers are made within 1-3 banking days;
- Payments by credit cards and E-wallets are processed within 1 banking day.
FXTM’s trading activity is regulated by the following regulatory bodies:
- FSA (Financial Services Authority of the UK);
- CySEC (Cyprus Securities and Exchange Commission).
As every self-respecting and customer-oriented broker, FXTM is choosing its partners thoroughly. A number of the world’s leading banks provide liquidity to the company. Their close cooperation is a clear proof of the broker’s reliability and high liquidity.
In cooperation with specialists of the above banks, the company employees created a number of unique software programs to ensure high level of security and safety.
To protect customers’ trading funds, FXTM is using popular and time-proved segregated accounts.
Bonuses and Promotions
Following an aggressive marketing policy, FXTM forex broker is offering a wide choice of different promotions and bonus programs to its current and potential clients. They are aimed at both attracting new clients and creating best trading conditions for current customers.
You can look through detailed information about all bonuses and promotions on the company’s official website.
All these programs best suit the needs of modern exchange traders.
Trading Accounts Types
Customers of FXTM can use the following types of trading accounts:
|Type||Min deposit (USD)||Min transaction size (standard lot)||Spread||Min spread (points)|
You can open a real account in two currencies: US Dollar and Euro.
All types of accounts allow customers to trade all instruments.
Apart from real trading accounts, traders can open unlimited demo accounts.
Trading Platforms Types
FXTM is offering МТ 4 and МТ 5 trading platforms to its clients. Traders have an access to all the existing versions of the above platforms, i.e. the company’s customers can trade from any device.
One of the company’s strengths is its highly professional customer service team responding to individual needs of every trader. Accuracy, efficiency and particular attention to every client are the main features of FXTM customer service.
Apart from a standard range of information analysis products available for each trader for free, FXTM is also offering SMS notification of different news from financial markets. FXTM is always ready to serve its customers through live chat, by phone or email, which can help both beginners and skilled traders improve their trading experience. Traders can communicate with customer service professionals in the following languages:
Pros of Trading with Forextime (FXTM)
FXTM has the following advantages:
- Extensive range of trading instruments;
- Wide choice of trading platforms;
- No minimum deposit;
- Low spreads;
- Possibility to choose type of spread;
- Qualified customer service.
The company’s cons are traditional for all rapidly developing companies and result from inefficiency, or rather inconsistency in adjustment of some procedures.
Besides, there is no Webmoney option for deposits and withdrawals, which can also be considered as a disadvantage.
OliverST: It’s a good broker. I’ve been trading with Forextime just for three months and already made withdrawals. No problems happened (which is uncommon nowadays). Order execution is quick and accurate. In one word, I highly recommend.
SergeyCat: Reliable broker. I’ve been trading on it since its foundation. No initial deposit attracted at first. It’s pleasant to deal with. All orders are executed accurately. Withdrawals are made in due time. Convenient trading platform, you can operate your account from anywhere. Customer service deserves a special mention. Many thanks for it.
It is very difficult to briefly summarize mixed impressions from this broker. But they are mostly positive. The company aims to create comfortable trading environment for all traders. At the same time, it puts focus on beginner traders. Strong customer support service, no minimum deposit requirements and large number of training programs prove that. Bonus programs are also worth mentioning. They are developed in such a way that beginner traders have a real opportunity to earn money from online trading not spending a penny.