Forex Time Broker Review

FXTM Forex Time Broker Review

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2020-04-30 08:25:00

fxtime forex time broker review

Bright, attractive site. Well-designed interface, not overloaded with a mass of information. The site has been translated into 17 languages. ForexTime Limited has currently reached the level of a global player in the retail financial services market. According to the data for 2018, more than 1 million registered customers use the services. For his activities, the broker was awarded many awards; only in 2018, 8 prestigious international prizes were won.

Registration

The registration procedure is standard, we enter personal data, email and a mobile phone number. After confirming the email, you can download the trading platform. Additionally indicate the date of birth, address of residence, confirm the mobile phone number and provide copies of documents confirming the identity and place of residence.

 

Deposit and withdrawal

You can replenish your account using bank cards Visa, MasterCard, Maestro, electronic payment systems etc. The funds are deposited instantly and without commission. The withdrawal of funds takes up to 24 hours to the user account from which the deposit was replenished.

 

Trading conditions

The broker offers a welcome bonus of $ 30 to all new users. The minimum amount to open a trading account is $ 5. For trading, the broker offers six types of accounts: Standard, Cent and Shares, for trading stocks, as well as ECN, ECN Pro and FXTM Pro accounts. Users can access more than 250 financial instruments, including currency, metals, CFDs on shares. Leverage 1: 1000. Spreads are floating, from 0.1 points. The company offers a social trading platform FXTM Invest, with which you can copy the trading of successful traders. More than 600 strategic managers are at your choice. An interesting offer, a loyalty program that allows you to receive cashback for trade.

 

Trading interface

For users, the broker offers two trading platforms: MT4, MT5, as well as FXTM WebTrader (MT4). All platforms are adapted for mobile devices. To test the operation of the trading platform, we opened a demo account “Standard Demo MT4”. Deposit amount 1mn. cu We liked the platform, good order execution speed, about 0.6 seconds.

 

Safety and scam protection

Group of companies ForexTime Ltd. regulated in several jurisdictions. The activities of FT Global Limited are controlled by the Belize International Financial Services Commission (IFSC), license numbers: IFSC / 60/345 / TS and IFSC / 60/345 / APM. ForexTime Limited is regulated by the Cyprus Securities and Exchange Commission (CySec), license number: 185/12, and also has a license from the Financial Services Council of South Africa (FSCA), license number of the financial services provider (FSP): 46614, license of the Financial Services Authority UK Regulatory and Supervisory Authority (FCA) under number 600475. ForexTime UK Limited is regulated by the UK Financial Regulatory and Supervisory Authority, license number 777911. Customer accounts are completely separated from the company’s funds and are stored in segregated accounts of the highest class European banks. Unfortunately, the broker did not provide two-factor authentication when entering his account. Responsibility for the safety of personal data and funds lies with the user.

 

Tech support

You can contact support via phone, online chat, email, and Telegram. To check the technical support, we opened a ticket in Telegram. Promptly, within an hour, we received a response.

fxtime forex time broker review

Conclusion

Acquaintance with the Forex Time broker left a good impression. A regulated broker with good licenses, observing the necessary safety standards for clients' funds and protecting their investments. Beginning traders will be interested in a low threshold for entering the market, only $ 5 and excellent training materials. A good affiliate program, providing a reward of up to $ 25, for each partner you invite.

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Damian

Damian

Author

I have been trading Forex for more than 5 years, mostly with manual and automatic trading. I set up advisors for round-the-clock automated trading. I'm sure I can help to establish your trading skills....

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