ForexTime is a broker for forex designed to meet a range of levels of expertise that was established in the year the year 2011 by Andrey Dashin.
ForexTime (FXTM) provides a solid platform for trading based upon MetaTrader 4 and 5 and provides a variety of trading instruments such as Forex CFDs for Indices and commodities, Spot Metals and Shares CFDs.
ForexTime is well-respected as a reputable broker with low spreads and is licensed by the UK by the FCA and in Cyprus via CySec.
While ForexTime is among the more recent brokers, it’s grown at a rapid rate and has won numerous awards over the course of its existence. Check out our honest assessment on ForexTime. ForexTime broker.
Licenses & Regulations
- ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12
- authorized to operate by The Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614.
- The company is licensed with the Financial Conduct Authority of the UK under the number 600475.
- Exinity Limited (www.forextime.com) is controlled through the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number C113012295.
- Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority, firm reference number 777911.
With FXTM traders can use FXTM to trade an extensive variety of instruments.
- Over 50 currencies.
- People who want diversifying their portfolios can also invest in CFDs, spot-metals, CFDs on shares, as well as CFDs that are traded on Commodity Futures.
- They can also exchange CFDs for Indices and ETFs
- It includes over 180 US shares.
- You can trade as many as 60 exotic currency pairs 5, 5 spot metals 14 spot CFDs and 3 CFDs on commodities
Many traders appreciate the possibility to participate on both the stock market as well as trading in stocks CFD trading through ForexTime.
Trading stocks using FXTM is a great way for diversifying your investment portfolio and also introduce risk. It is also a great way to not have to contend with the limitations on time that come with stocks CFDs.
For trading stocks using fxtm review it is necessary to have the FXTM ProMT5 Account. It will provide spreads that start at 0 pip as well as the fastest execution and the option of macro, mini, or normal lots.
ForexTime trading Terms
ForexTime is known for its high-quality trading terms. The execution speed is quick and the possibility of mini and micro lots.
The minimum deposit requirement is low, and the platform utilizes No Dealing Desk (NDD) technology. FXTM also offers a large interbank liquidity, and permits Expert Advisors and Logarithmic trading.
Leverage that is floating could be up to 1:1,000. Spreads could be as tight as 0.1 pip, based on conditions of the market and the type of account.
The leverage of as high as 1:1,000 is part and parcel of the FXTM floating leverage system. Due to the leverage that is high traders can maximize their profits by trading in larger quantities. However, it does have a higher risk.
The tight spreads of ForexTime helps ensure that traders get the benefit of lower initial costs for trading.
FXTM is also able to provide quick execution since transactions are completed immediately. This means you do not need to worry about delays affecting your ability to find the most competitive prices.
The NDD technology is what permits ForexTime cooperate with different liquidity suppliers. The result is that clients get the most competitive prices possible for both bid and asking. This technology provides extensive interbank liquidity. It also has the capability to provide earlier mentioned instant transactions.
To see the complete details of all contract requirements for instruments of trading visit the Trading Instruments part on the ForexTime website. After that, go to Contract Specifications.
You can access specific information on spot metals, forex, CFD US shares, spot commodities stocks and spot indices. There are details like minimum or standard spreads as well as swaps, pip values trade sessions, and swaps.
ForexTime Margin & Leverage
You can look up every one of the leverage and margin specifications for ForexTime trades by visiting the appropriate page of the site of the broker. The information is all in the main section of trading Accounts.
The margin requirements and the leverage requirements are provided in the table below for Standard, ECN, and ECN Zero Trading Accounts. Check out the requirements for the categories of FX majors FX majors, exotics spots metals and BTCUSD the ETHUSD, LTCUSD, and RPLUSD.
For each one of them there is a actual value of USD, EUR, GBP NGN or USD and the leverage provided and floating margin as a percentage.
The exact information is shown below with the details on FXTM Pro Trading accounts. Also, for the FXTM Pro Trading accounts as well.
COMITATIONS OF FXTM
The commissions paid by FXTM depend on the account type. There is no charge for Standard Accounts, Cent Accounts or shares Accounts, ECN Zero Accounts as well as FXTM PRO Accounts. ECN accounts have charges of 2 dollars per lot.
For certain accounts that have floating commissions, they are available. For ECN MT4 For instance the commission is based on the volume of trading and equity as well as the commission, which is lower due to higher volumes of trading and equity.
You can find the exact floating commission rates on Trading Accounts on the Commissions page. There are also commissions for trading in stocks via PROMT5 here.
ForexTime Deposits and Withdrawals
ForexTime provides a variety of withdrawal and deposit methods to attract a broad spectrum of customers. Deposit methods include FasaPay, Ghana local transfers, Nigeria local bank transfers, Algerian local transfers, Kenyan local transfers, Indonesian local transfers.
Additionally, local transfer in Pakistan and India online banking Indonesia online banks Malaysia, Local Exchange House, Afghani local transfers.
Additionally, Laos local transfers, Nganluong (e-wallet and banking channel), Baokim, GlobePay, Egypt local transfer, Iraqi local transfer, Bangladeshi local transfer.
In the end, Palestinian local transfer, online banking Thailand and online banks Vietnam, China Online Banking as well as Tanzanian Local Transfers (BRK).
Clients are also able to deposit money using Visa, Mastercard, or Maestro cards. VIPs can also deposit funds via Neteller as well as Skrill/Moneybookers.
The clients are able to deposit through cryptocurrency, Dusupay, Alfa-Click, Dixipay, WebMoney, Yandex.Money, QIWI, Perfectmoney, Bitcoin through Skrill, Bitcoin, or Konnexone. There is also the option of making a bank wire transfer.
None of these deposit methods have commissions. The processing times vary from instant to 24-hours/up up to a business day for all methods. One exception is the bank wire that takes between three and five days.
The methods to withdraw are almost identical however there are some differences. It is possible to withdraw as an example via China Union Pay and cannot withdraw through Alfa-Click or cash U. The majority of withdrawal processing times are 24 hours, with the only exception being China Online Banking which takes 48 hours.
Other options include Konnexone that can be used available until one business day and cryptocurrency, Bitcoin, or Bitcoin through Skrill that can take anywhere from 24 to 48 hours. There are commissions on certain withdrawal methods, too. It could be an unintentional set-fee or a tiny percent of the amount. A lot of withdrawal methods are not commission-based.
Minimum & Maximum Deposits
The minimum and maximum deposit limits for ForexTime will depend upon the account type you select.
- Standard accounts, Shares Accounts ECN Accounts as well as ECN Zero Accounts require an initial amount of $/EUR/PS100 or N20,000. They don’t have a maximum amount of deposit.
- Cent Accounts require minimum deposits of either N1,000 or $/EUR/PS 10 without a maximum limit.
- FXTM Pro accounts have a minimum deposit of $/EUR/PS 25,000 , and there is no limit.
Types of ForexTime Accounts
ForexTime is a real account that is suitable for anyone.
Standard Accounts comprise the Standard Account, CENT Account (with micro lots) the Shares account.
ECN Accounts comprise ECN MT4 Account, the ECN MT4 Account and The ECN MT5 Account, and the ECN ZERO Account.
Additionally you can use you can also use the ECN Manager Account, FXTM Pro, FXTM Pro MT5 the ECN ZeroMT5.
- Standard accounts are compatible together with MetaTrader 4. They feature high floating spreads with floating leverage of 1:1,000 and instant execution Hedging, the option of a SWAP-free account and no hidden fees. The accounts are available either in USD, EUR, GBP or NGN.
- Cent Accounts come with immediate execution as well as tight floating spreads as well as a SWAP-free option. They are compatible with the MT4. They are offered in EUR cents or GB pence. They also accept USD cents, and NGN Kobo. They have Cent Lots and have a minimum deposit of 5 EUR/USD/GBP.
- Shares accounts are also MT4-based and come with a SWAP-free choice and immediate execution. The ability to hedge is available as are commission-free. The leverage is set at 1:10, and this account is able to access over 180 US shares. The account is accessible to customers in USD, EUR, GBP or NGN.
Extra trading accounts
ECN Zero Accounts utilize MT4 or the MT5 platform and are able to be complemented by FXTM Invest. ECN Zero Accounts come with low floating spreads that are tight, with no commissions, no market execution and no Requotes and floating leverage as high as 1:1,000.
They also offer an option to use SWAP without a fee, as well as you can choose between GBP EUR, USD, and NGN. Both scalping and hedging is permitted.
A ECN Account also uses either the MT4 or the MT5 platform, with market execution but no requotes and floating leverage of 1:1,000 or more.
It comes with spreads as low as 0.1 and a non-swap option, and the exact options for currency. Hedging and scaling are both permitted and commissions start as low as $4. This kind of account can also be found through FXTM Invest.
In addition, an FXTM Professional Account allows you to use either MT4 or MT5. It features extremely tight spreads that start at zero pips, with no commissions and a floating leverage up 1:100, and super-fast execution of markets without quotes that are requotes.
There’s no last-look pricing and this account makes use of the liquidity that is deep right from ForexTime’s tier-1 service providers.
Whatever the kind of account, NGN accounts are only available to customers in Nigeria.
FXTM Investment ( Copies of Trading )
FXTM Invest is a relatively new product by ForexTime which allows customers to turn into FXTM Invest Strategy Managers.
It’s a copy trading program that is based on the latest technology. It lets you utilize your knowledge of forex to earn extra capital. Through this program, other investors are able to duplicate your trading strategies. This way, you’ll receive a portion of their profits, up to as up to 50.
To become a Strategist Manager, you must sign up to open an ECN Zero Account and then verify your account. You then get an individual Manager page that you can use to display your trading stats and begin posting your trading results on social media.
FXTM Invest lets people who just starting trading duplicate the strategies of traders with a proven track performance record. It also helps those who do not have the time to develop complex trading strategies.
In the same way it allows traders who are successful earn money from their success , by permitting others to copy their trading strategies.