FXTM Review (ForexTime) 2024
Minimum
deposit:
  • $10

Trading platform:

  • MetaTrader4
  • MetaTrader5
  • FXTM Trader
Regulation:
  • FCA
  • CySEC
  • FSCA
  • FSC
Bonus for deposit:
  • 0%

FXTM Review (ForexTime) 2024

Updated: October 06, 2023
Updated: October 06, 2023
Your capital is at risk. 80% of retail investor

6.22

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • $10

Trading platform:

  • MetaTrader4
  • MetaTrader5
  • FXTM Trader
Regulation:
  • FCA
  • CySEC
  • FSCA
  • FSC
Bonus for deposit:
  • 0%

Note!

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Summary of FXTM Trading Company

FXTM is a moderate-risk broker with the TU Overall Score of 6.22 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FXTM clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews. FXTM ranks 60 among 396 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

ForexTime is a progressive broker that actively uses innovative technologies to provide the best trading terms for traders, regardless of their trading experience. ForexTime fits both novice and experienced traders. The company provides its services in 150 countries and ensures full safety and security of its clients' funds because they are kept in segregated accounts.

Broker FXTM (pronounced "ForexTime") started in 2011. It provides an opportunity to make a profit through active trading or investment programs. The company is regulated by CySEC (Cyprus Securities and Exchange Commission, 185/12), South African FSCA (Financial Sector Supervision Authority, 46614), UK FCA (Financial Conduct Authority, 777911), and FSC (Mauritius Financial Supervisory Commission, C113012295). The broker has received many awards, including "Best Trading Conditions" (2018, 2019) and "Most Innovative Broker" (2018).

Over 2 million traders worldwide cooperate with ForexTime (FXTM). The minimum deposit on the Micro account is $10, which allows novice traders to master the basics of trading and study the operational principles of the Forex market with comfort and without large investments.

💰 Account currency: USD, EUR, GBP, NGN
🚀 Minimum deposit: $10
⚖️ Leverage: Up to 1:2000
💱 Spread: From 0.0 pips
🔧 Instruments: Currency pairs, precious metals, CFD contracts on stocks, commodities, and indices
💹 Margin Call / Stop Out: 40-60%; 50/80%

👍 Advantages of trading with FXTM:

  • a wide range of trading accounts;
  • a large number of training materials;
  • the ability to use automated programs in trading.
  • the minimum deposit is $10;
  • the most popular trading platforms are MT4 and MT5;
  • proprietary application for mobile trading is the FXTM Trader;
  • the ultra-low spreads are from 0.0 pips;
  • a huge choice of trading instruments is present;
  • supervision of the broker’s activities is by major financial regulators in four jurisdictions;
  • professional support.

👎 Disadvantages of FXTM:

  • for investment, only copy trading is offered;
  • the broker is closed on Saturday and Sunday.

Evaluation of the most influential parameters of FXTM

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

5.85

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

8.94

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

7.14

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

7.02

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

8.00

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

8.91

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

8.98

/10

Geographic Distribution of FXTM Traders

Popularity in

9.62%
NG
Nigeria
8.33%
AF
Afghanistan
7.41%
VN
Vietnam
4.08%
DZ
Algeria
3.65%
IN
India
3.4%
ZA
South Africa
3.24%
US
United States
3.14%
EG
Egypt
3.03%
TH
Thailand
2.92%
MY
Malaysia
51.18%
Others
Others

Video Review of FXTM i

FXTM Latest Comments for 2024 i

75 comments
Total score:
6.2 /10
  • Best
  • Last
  • Oldest
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ChandraFX

I noticed a great difference between trading on a demo account and a live one with FXTM. There were no requotes or significant slippages on the demo account, which created the illusion of simple trading. However, when switching to a live account on the FXTM platform, some technical problems arose that made successful trading difficult. Apparently, real conditions require a more attentive and cautious approach to trading.

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fxcapitalcity

One day I decided to try my hand at trading with FXTM. However, they don't seem to be very interested in new traders. Managers from FXTM did not even want to help me complete the verification procedure to withdraw funds. In the end, I earned some money, provided them with the necessary documents, but they still blocked my user account when I submitted a withdrawal request. They refused to even discuss it and treated me rudely. FXTM managers are simply disrespectful.

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gaybar

I decided not to trade with FXTM. I won’t deny it, I limited myself to only testing a demo account with this company. It turned out that the order execution speed is very low, so orders are opened at unprofitable prices, and it is impossible to conduct a normal market analysis. I think I'm not the only one who encountered such problems at FXTM.

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waila

FXTM is creating problems when traders execute successful trades. At first glance, they give traders the opportunity to work and even withdraw small amounts of profit. However, as soon as profitable operations begin, difficulties occur. Withdrawing funds becomes problematic as support begins to suspect its clients of “dubious trades”. I don't recommend FXTM.

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amine22

FXTM is a dishonest broker! I don’t even want to recall how I was deceived here! The support assured that everything was transparent and there was no manipulation. Then why does the price always, before closing an order, suddenly go against me? And it would be okay if it were on several trades! But this happens all the time! FXTM just completely took my deposit!

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Nafis

I am currently taking steps to withdraw all my funds from FXTM and forget about this company. I'm tired of fighting with customer support and constantly demanding improvements to the trading terminal. This terminal needs to be restarted all the time because it only works for an hour. And FXTM's customer support always claims that everything is fine with them. I do not recommend dealing with this company!

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PremPr4m

There is no justice on FXTM. I filed complaints but to no avail. My user account with funds on the trading account and open trades was blocked. I pushed for an answer and unblocking for several months. Ultimately, I was given access to my user account, but of course there were losses already. I don't recommend FXTM.

Expert Review of FXTM

The Traders Union has cooperated with FXTM for several years and during this time the broker has shown itself to be a partner who faithfully fulfills its obligations and Trading conditions in the company are optimal. Clients are presented with various trading accounts designed for both novice and professional traders. For investors, the broker rates its managers based on various factors including their risk levels.

ForexTime claims to cooperate with both newcomers to the foreign exchange market and professionals who create their own trading strategies. So far there have been no serious complaints about the company's work. All traders' questions are promptly answered by the FXTM support team.

The site’s interface allows traders to quickly assess all the broker's capabilities and its trading conditions are suitable for active trading and investment offers. The company has several advantages that make it competitive, however, some nuisances like delayed withdrawals and too few investment programs do not allow the broker to take a leading position in the Traders Union rating.

ForexTime is a reliable and proven broker and is popular among Traders Union clients. The broker provides transparent trading terms, qualified support to its clients and allows them to start working in Forex with minimal investments. Moreover, FXTM offers the copying trades service, FXTM Invest. With the help of this service, both novice and professional investors can get passive income by investing money in the trading strategies of experienced traders.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of FXTM’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets and Products of the Broker

The broker is focused on cooperation with users who are engaged in both active and passive trading. For the latter, the company provides a service for copying transactions, which allows you to receive income without being a trading guru. The broker rates its managers based on their profitability, risk profile, and trading strategy.

FXTM (Forex Time) Invest

To get started and make profits investors need only to register, choose a trader, and copy his transactions. The user can make decisions based on the profitability of trading with a specific manager and, if necessary, select another manager. Investors pay a commission to managers only for successful transactions.

Features of the FXTM Invest trade copy service:

  • the ability to choose a trader based on your goals, trading style, desired profitability, and risk level; there is a special filter included in the rating system;

  • copying transactions of several managers to minimize risk and select an effective strategy;

  • the managers' ratings are automatically updated and show statistics on several parameters.

The service enables passive earnings not only for investors but also for professional traders. In ForexTime, a trader can become a manager, whose trades can then be copied by investors, and thereby receive additional income for his work.

With FXTM Invest, investors have access to over 5,000 trading strategies to copy trades. You can start investing with $100. Moreover, the broker allows investors to pay a commission only for profitable trades.

Important!

If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

FXTM affiliate program

  • Refer a friend. For each new invited client, the partner receives $50.

Any trader who has an account with FXTM can become a broker's partner. In the personal account of each user, there is an individual referral link, with the help of which you can attract new clients to the broker. If all conditions are met, the FXTM partner will receive a financial reward for the trading activity of each attracted client.

Trading Conditions for FXTM Users

ForexTime is actively working to create favorable trading conditions for traders. The company has $10 minimum deposit for novices on a cent account. All types of accounts can trade in micro lots, and the leverage varies from 1:3 to 1:2000, depending on the type of account and trading assets. Stop-outs start at 20% and ends at 50%.

The spread on the Advantage account starts at 0.0 pips. Micro and Advantage Plus accounts have spreads starting from 1.5 pips. Traders have Forex instruments and metals available on each type of account. The MT4 and MT5 trading terminals as well as the broker's proprietary software for mobile trading, FXTM Trader, are available for traders. Executions of transactions on the Micro account are instant, and on other account types, the transactions are subject to market execution.

$10

Minimum
deposit

1:2000

Leverage

24/5

Support

💻 Trading platform: MetaTrader 4, MetaTrader 5, FXTM Trader
📊 Accounts: Micro, Advantage, Advantage Plus
💰 Account currency: USD, EUR, GBP, NGN
💵 Replenishment / Withdrawal: Visa and MasterCard, electronic payment systems, bank transfers
🚀 Minimum deposit: $10
⚖️ Leverage: Up to 1:2000
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 Spread: From 0.0 pips
🔧 Instruments: Currency pairs, precious metals, CFD contracts on stocks, commodities, and indices
💹 Margin Call / Stop Out: 40-60%; 50/80%
🏛 Liquidity provider: -
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: Instant execution, Market execution
⭐ Trading features: Stock trading; VPS server; Income and pips calculators; Currency converter; MT4 indicators.
🎁 Contests and bonuses: Yes
Your capital is at risk. 
80% of retail investor accounts lose money when trading CFDs with this provider.

Comparison of FXTM with other Brokers

FXTM RoboForex Exness FxPro Eightcap 4XC
Trading
platform
MetaTrader4, MetaTrader5, FXTM Trader MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading, MT5, cTrader, FxPro Edge MT4, MT5 MT5, MT4, WebTrader
Min deposit $10 $10 $10 $100 $100 $50
Leverage From 1:1
to 1:2000
From 1:1
to 1:2000
From 1:1
to 1:2000
From 1:1
to 1:500
From 1:30
to 1:500
From 1:1
to 1:500
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0 points From 0 points From 1 point From 0 points From 0 points From 0 points
Level of margin call
/ stop out
50%  /  80% 60%  /  40% No  /  60% 25%  /  20% 80%  /  50% 100%  /  50%
Execution of orders Market Execution, Instant Execution Market Execution, Instant Execution Market Execution, Instant Execution Market Execution Market Execution Market Execution
No deposit bonus No No No No No $50
Cent accounts Yes Yes No No No No

Broker comparison table of trading instruments

FXTM RoboForex Exness FxPro Eightcap 4XC
Forex Yes Yes Yes Yes Yes Yes
Metalls No Yes Yes Yes Yes Yes
Crypto No No Yes Yes Yes Yes
CFD Yes Yes Yes Yes Yes Yes
Indexes Yes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF No Yes No No No No
Options No No No No No No

FXTM Commissions & Fees

Information
The trading conditions of ForexTime were analyzed by Traders Union specialists for the presence of trading and non-trading commissions. There are no hidden fees in the company, no fee is charged for replenishing a trading account, and the commission for withdrawal is set by payment systems and ranges from 0.5% of the withdrawal amount to €30. On the Advantage account, spreads start from 0.0 pips, but the trader is charged a commission of $0.4 to $2 per lot.
Account type Spread (minimum value) Withdrawal commission
Micro From $15 Depends on the payment system
Advantage From $0,4 Depends on the payment system
Advantage Plus From $15 Depends on the payment system

There is a fixed swap commission for transferring orders to the next day. We have compared FXTM's trading commissions to those of competing companies and brokers were assigned low, medium, or high commission levels.

Broker Average commission Level
FXTM $10 High
RoboForex $1 Low
Pocket Option $8.5 Medium
Logo FXTM
$10
$1
$8.5

Detailed Review of FXTM (Forex Time)

ForexTime provides services in 150 countries. The use of innovative technologies that allow increasing the speed of order execution is among the broker's priorities. Here, you can trade currency pairs, precious metals, as well as CFDs on indices, and global and European stocks. It has operated more than 10 years in the Forex markets.

A few figures about FXTM that will be of interest to traders choosing a broker:

  • more than 10 years of active work in the Forex market;

  • provision of services in 150 countries of the world;

  • has over 2 million customers;

  • minimum deposit starting from $10;

  • more than 25 international awards.

  • 84% of withdrawal requests are processed within 5 minutes.

FXTM is a broker for traders with different trading strategies and investors

ForexTime is striving to provide its clients with optimal trading terms and quality support. The company offers several types of accounts: Micro (for novice traders); Advantage, and Advantage Plus for professionals. Micro accounts offer instant execution and Advantage Plus accounts offer market execution speeds. The company's average execution speed is 0.1 seconds.

The broker offers classic MetaTrader 4 and MetaTrader 5 as trading terminals. Both platforms are available for mobile devices, which allows traders to trade using their most convenient device. The FXTM Trader app is available for mobile trading.

FXTM useful services:

  • pip value calculator;

  • income calculator;

  • currency converter;

  • MT4 indicators;

  • Trading on Forex market with VPS.

Advantages:

1

optimal leverage;

2

auto trading is allowed;

3

clients’ funds are stored in segregated accounts;

4

multi-lingual personal managers;

5

the ability to use MT4 indicators;

6

the ability to trade using a VPS;

7

is licensed by a financial regulator.

The FXTM broker does not restrict traders in choosing a trading strategy, but standard account types have restrictions on the maximum number of open and pending transactions.

How to Start Making Profits — Guide for Traders

ForexTime offers three account types, each suitable for both professionals and novice traders in the foreign exchange market. However, each account also differs in terms of minimum deposit, leverage, trading assets, margin call, stop-out levels, and order execution.

Account types:

Account Type
Description
Micro
The Micro account is most suitable for novice traders as well as professionals who wish to test a new trading strategy. The minimum deposit amount is $10, leverage is fixed at 1:30. The spread level starts from 1.5 pips with instant execution, and an MT4 trading platform.
Advantage
The advantage is the classic account, which is suitable for more experienced traders and is the most popular account type among the company's clients. The minimum deposit is $500, leverage is fixed up to 1:30, spreads start from 0.0 pips, but there is a commission for each transaction, which varies from 0.4 to $2, depending on the instrument and the trading turnover of the client. There is market execution of orders on this type of account. Trading platforms available are MT4 and MT5. Swap-Free service for the MT4 trading platform is available on this type of account.
Advantage Plus
Advantage Plus is a trading account for professional traders. The minimum deposit amount on this type of account is $500, and the currencies for deposits are USD/EUR/GBP. Forex instruments, metals, stocks, and indices are available on the account. The market entry is available through the MT4 and MT5 trading platforms, the spread starts from 1.5 pips, with the market execution of orders. Also, the Swap-Free service is available. The margin call level is 80% and stop-outs are 50%. There are no extra trading commissions.

ForexTime also offers a demo account. The company's clients can use it to test the broker's terms and trading strategies. The broker offers a proprietary FXTM Trader terminal for mobile trading.

ForexTime is a company focused on cooperation with different traders, regardless of their experience in currency trading and preferred trading strategies.

Bonuses Paid by the Broker

FXTM Loyalty program

The FXTM Loyalty program gives traders with any type of account the opportunity to receive a cashback of up to $5 for completed transactions. The program assumes 5 levels of loyalty and at each level the financial reward increases. The earned funds are credited to the client's account every week, and they can be used for trading or be withdrawn.

FXTM (Forex Time) Review - Loyalty Program
FXTM (Forex Time) Review - Loyalty Program

Investment Education Online

Information

This broker provides its clients with educational materials that will help novice traders to better understand foreign exchange trading and help professionals to improve their skills.

Information available in the Analysis and Education section
Unavailable information at FXTM site
Digital books
Educational podcasts
Forex seminars
 
Forex webinars
 
Glossary of terms
 
Beginner's guide
 
Video tutorials
 
Tutorial articles
 

To combine the theories with practice, we recommend using a demo account.

Security (Protection for Investors)

Information

ForexTime is registered with the UK Financial Conduct Authority (FCA) under the number 600475 and is regulated by the CySEC of Cyprus (under number 185/12) and the South African FSCA (number 46614). The broker is also regulated by the Financial Services Commission of the Republic of Mauritius, FSC (number C113012295).

A broker that is licensed demonstrates that it is reliable since the regulatory authorities closely monitor the broker’s conduct. Non-compliance with their requirements leads to the cancellation of their license(s). The safety of traders' capital is ensured thanks to mandatorily segregated accounts, and the international Financial Commission is in charge of protecting the rights of clients.

👍 Advantages

  • Client funds are held in segregated accounts
  • The presence of four bodies regulating the activities of the broker
  • All documents are publicly available on the broker's website

👎 Disadvantages

  • The regulator does not consider small claims by private traders

Withdrawal Options and Fees

  • To withdraw funds, you must submit an application, which is processed by the financial department from 6 to 20 hours (GMT + 2, during the summer - GMT + 3). Withdrawal fees are charged depending on the payment system the trader uses.

  • Bank cards (Maestro, Visa, MasterCard), e-systems (Skrill, Neteller, Dotpay), and bank transfer (Hellenic Bank) are available to withdraw money.

  • Withdrawals are made within 24 hours with bank transfers and within several working days by cards and e-payment systems.

  • The EUR, INR, USD, GBP, PLN, NGN, and CZK are among the currencies available for deposit and withdrawal.

  • To withdraw earnings, a trader needs to verify his account, which may take a while and involve presenting various documents.

Customer Support Service

Information

Contact the multi-lingual support service, which operates twenty-four/seven if you have any questions.

👍 Advantages

  • Providing customer support in various languages
  • A large variety of communication methods
  • Opportunity to request a callback

👎 Disadvantages

  • Customer support does not work on weekends

Communication with the support service is by:

  • online-chat on the broker’s website;

  • writing an email;

  • calling to a phone number;

  • message via Telegram, Messenger Facebook, WhatsApp;

  • requesting a callback.

You can also contact the broker directly from your Personal account.

Contacts

Foundation date
Registration address FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus
Regulation
Official site
Contacts
Your capital is at risk. 
80% of retail investor accounts lose money when trading CFDs with this provider.

Review of the Personal Cabinet of FXTM (Forex Time)

To start trading with FXTM and receive a spread rebate from Traders Union for completed trades, follow these steps:

1

Log in or create a personal account on the Traders Union website. Use the referral link and go to the main page of the broker's website and click on the "Open an account" button.

FXTM (Forex Time) Review - Official Website
FXTM (Forex Time) Review - Official Website
FXTM (Forex Time) Review - Official Website
FXTM (Forex Time) Review - Official Website
2

To sign up, provide your personal data in the appropriate fields, and enter a password. After filling out the questionnaire, a PIN code will be sent to your phone and/or email, which must be inserted to complete the registration.

FXTM (Forex Time) Review - Registration
FXTM (Forex Time) Review - Registration
FXTM (Forex Time) Review - Registration
FXTM (Forex Time) Review - Registration
3

Now you need to fill in the profile with your personal data including the source of the funds.

FXTM (Forex Time) Review - Open Account
FXTM (Forex Time) Review - Open Account
FXTM (Forex Time) Review - Open Account
FXTM (Forex Time) Review - Open Account

Upon completion of registration, you will be taken to your Personal account, where you can use the following functions:

4

1. Open a trading account and customize it to fit your needs. FXTM (Forex Time) Review - Account Types

FXTM (Forex Time) Review - Account Types

2. Conduct financial transactions (deposit, withdrawal, and transfer of funds between accounts). FXTM (Forex Time) Review - Deposits & Withdrawal

FXTM (Forex Time) Review - Deposits & Withdrawal

1. Open a trading account and customize it to fit your needs. FXTM (Forex Time) Review - Account Types

FXTM (Forex Time) Review - Account Types

2. Conduct financial transactions (deposit, withdrawal, and transfer of funds between accounts). FXTM (Forex Time) Review - Deposits & Withdrawal

FXTM (Forex Time) Review - Deposits & Withdrawal

Also in the Personal account there are other useful sections:

  • Platforms. MT4, MT5, and FXTM Trader terminals are available for download as well as a link to the web terminal;

  • FXTM Invest. Opening a trading account which offers manager statistics and investment management;

  • My documents. This section is for downloading documents required for account verification and payment details;

  • My profile. Contains profile management, manager subscriptions (transactions copying service), and passwords;

  • Trade services. Access to trading signals, MT4 indicators, and strategy building based on FXTM pivot points;

  • StocksTrading section. In this section, you can open an Advantage Plus account in 4 steps to access the world-famous stock exchanges such as Nasdaq, NYSE, and HKEX. Access to the global stock market is provided through the MT5 trading platform.

  • Promotions and contests. Promotions, bonus programs, current contests, and coupons are available here.

  • Education. Access to webinars, seminars, and e-books;

  • Customer support. Contains information on how to contact support for various issues.

Disclaimer:

Your capital is at risk.  80% of retail investor accounts lose money when trading CFDs with this provider.  CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

User Reviews of FXTM i

Register on the website and sign in to submit a review about your experience of working with a broker. Everyone is welcome to post a review.

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aarif91

FXTM works on the MetaTrader 4 and MetaTrader 5 platforms, so you don't need to spend hours figuring out the functionality of proprietary terminals as is the case with some other brokers. Both platforms are publicly available for download and are stable on Windows, iOS, and Android. There are several account options: standard, cent, and stock trading. Each has its own minimum amount for opening. For example, a cent account starts as low as $10. You can test your strengths on a demo account and trade in micro-lots. Algorithmic trading is allowed. Commissions are high. For example, on an ECN MT4 account with a trading volume of less than US$100 million, the commission is charged twice for opening and closing a lot. On average, according to my calculations, it comes out to $4-5 per lot, with a deposit of $2,000 or more.

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petrupalade123

I moved here because the conditions here are really cool! And the broker is reliable, I'm not afraid for my funds and the conditions are good. There are no questions about the terminal at all.

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brookejj11

Forex is more like a hobby for me, but nevertheless it also brings income. I’ve been trading with ForexTime recently, I’ve been repurchased from another broker, so far I’m satisfied!

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Stephengero

Hi all! Opening trades in FXTM is very problematic. The terminal where traders trade works very poorly. During a trading session, I restart the terminal ten times because the flow of quotes stops. I wrote and called FXTM support many times, but nothing changes. Feedback on the broker is negative so far.

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CronosEn

According to the trading conditions, the ForexTime broker is not very acceptable. This is especially true for the trading platform itself. I open a trade and the platform displays the message "new price". And requotes on almost every trade. This is quite inconvenient for trading, the number of losing trades is growing. So I can not leave a positive review of ForexTime.

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qsoseram51

I would not advise anyone to transfer their money to ForexTime. All you can get here is a strong disappointment and problems with your psychological condition, because it is very hard to watch how all your trades are closed by stop loss. I think that ForexTime manipulates price charts and deliberately knocks down the stop loss of traders.

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arnoldhi69

Unfortunately, FXTM’s platform freezes constantly. This not only applies to news, but also to ordinary intraday trading. Freezes do not disappear by themselves, you need to restart the platform. Therefore, I came to the conclusion that it is better to look for another platform for trading. FXTM barely withdrew my money.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
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FAQs

Do reviews by traders influence the FXTM rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about FXTM you need to go to the broker's profile.

How to leave a review about FXTM on the Traders Union website?

To leave a review about FXTM, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about FXTM on a non-Traders Union client?

Anyone can leave feedback about FXTM on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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