The Forex and CFD Broker Forex Time / FXTM was founded in 2012 and claims for itself not only to understand the needs of traders, but to fulfill them. The broker has its headquarters in the EU, in Cyprus. There it is, in accordance with the Directive for European Markets in Financial Instruments (MiFID), authorized and regulated by the Financial Services Authority CySEC (Cyprus Securities and Exchange Commission) under the license number 185/12.
The regulation provides a proper and and secure course of business by the broker. It also commits to membership in the Investor Compensation Fund, which secures customer deposits in case of bankruptcy of a financial service up to an amount of 20,000 euros. In addition to the authorization and regulation in Cyprus, FXTM is also registered by the FCA (Financial Conduct Authority) in the United Kingdom under reference number 600 475.
FXTM financial instruments and trading environment
Forex Time is a Forex and CFD Broker, what allows a very wide range of tradable financial instruments. With ForexTime, there are more than 60 currency pairs, precious metals gold and silver, a range of CFDs on over 50 international equities, as well as numerous indices and ETFs. All instruments can be traded with the same trading platform. Unusual is the maximum leverage for currency trading offered by FXTM. With 1:1000 it is much higher than at the most other forex brokers.
The Website and servics at FXTM are available in 15 different languages, including English, French, Spanish, Russian and Arabic. In these languages there is at FXTM a wide range of information about entry into the trading in general, the use of trading platforms, as well as the use of fundamental or technical analysis and forex strategies. Also market news and an aconomic calendar are available on the FXTM website.
FXTM Trading Platforms
Regarding the trading platforms FXTM relies entirely on the worldwide most used platforms MetaTrader4 and MetaTrader5. The MetaTrader4 is offered as a download version for PC and Mac, as well as MT4 app for iOS on iPhone and iPad and on devices running Android OS. In addition, the MT4 WebTrader for trading is offered directly in the browser. The MetaTrader5 is offered for the same devices as MT4, however, exists for this date no WebTrader version that can be used directly in the browser.
FXTM Customer Support
As the entire offering, also the FXTM customer service is available in 15 languages. This can be achieved via the live chat on the website, or via one of the many international phone numbers. An inexpensive alternative is the possibility to contact the customer service over a Skype call, which can be started directly via the Contact Us page (Skype installation required).
Screenshot FXTM website
FXTM / ForexTime overview
Cyprus: Licensed and regulated by the CySEC under license no. 185/12
United Kingdom: Registered with the FCA under the registration no. 600 475
FXTM Trading Accounts:
FXTM Cent Account: Min Deposit = $5, max. Leverage = 1: 1000, min. Trading volume = 0.01 Lot, Standard Lot = 1,000 units, tradable instruments = 25 currency pairs, 2 precious metals
FXTM Standard Account: Min Deposit = $100, max. Leverage = 1: 1000, min. Trading volume = 0.01 Lot, Standard Lot = 100,000 units, tradable instruments = 57 currency pairs, 5 metals, 45 CFDs on stocks, 2 ETF CFDs, 7 CFDs on commodity futures, 6 CFDs on Index Fund Futures
FXTM ECN Accounts:
FXTM ECN Zero Account: Min Deposit $200, max. Leverage = 1: 1000, min. Trading volume = 0.01 Lot, Standard Lot = 100,000 units, tradable instruments = 48 currency 5 pairs, metals, Commission = -,--
FXTM ECN Account: Min Deposit = $500, max. Leverage = 1: 500, min. Trading volume = 0.01 Lot, Standard Lot = 100,000 units, tradable instruments = 48 currency pairs, 5metals, Commission = from $4
FXTM ECN MT5 Account: Min Deposit = $500, max. Leverage = 1: 500, min. Trading volume = 0.01 Lot, Standard Lot = 100,000 units, tradable instruments = 34 currency pairs, 2 metals, Commission = $ 2 per Lot
FXTM Pro Account: Min Deposit = $25,000, max. Leverage = 1: 200, min. Trading volume = 0.01 Lot, Standard Lot = 100,000 units, tradable instruments = 44 currency pairs, 2 metals, Commission = -,--
FXTM Deposit and Withdrawal Payment Methods
Bank Transfer, Visa, MasterCard, Maestro, Neteller, Skrill, WebMoney, Payza, Dotpay
Switch to FXTM: Every trader opened his first account with the FXTM and replaced by another broker to FXTM, receives a guaranteed cashback of $ 4 per traded lot. The promotion is valid until 31.12.2015