FXTM (Forex Time) Review

ECN / STP Forex Broker Review: FXTM (Forex Time)

FXTM Forex

FXTM (Forex Time) REVIEW

FXTM General Info

Company Name: FXTM is the Brand of Exinity Limited, ForexTime Limited, and ForexTime UK

 

 

FXTM Offices: FXTM maintains offices in Cyprus, Mauritiusand the United Kingdom

◘ FXTM Regulation: CySEC (License 185/12), FCA UK (License 777911), FSC (Licence C113012295)

FXTM Foundation: FXTM was found in 2011

Online since FXTM is online since 2011

US Clients: FXTM doesn't allow US Traders (NO)

Islamic Accounts: FXTM offers provides SWAP-Free Accounts (YES)

FXTM Execution Type: ECN / STP

FXTM Customer SupportFXTM 24/5 Customer ServiceFXTM PHONE SUPPORTFXTM LIVE CHAT

 

» The FXTM Website 

FXTM Trading Info

FXTM Server Time Zone: GMT+2

FXTM Typical Spread: 0.5 pip on EUR/USD, plus $2/lot trade commissions

FXTM Leverage: FXTM maximum leverage is Flexible -Leverage is offered based on your country of residence and knowledge & experience

FXTM lot: 0.01

FXTM Scalping: (YES) it is allowed by FXTM

FXTM Hedging: (YES) it is allowed by FXTM

Automated Trading: (YES) it is provided by FXTM

FXTM Minimum Account: Minimum account at FXTM is just 10 USD (Cent Account)

FXTM Account Currencies: FXTM provides accounts in the three main currencies EUR, GBP, and USD

FXTM Deposit MethodsFXTM Bank WireFXTM Credit CardsFXTM Offer DEBIT CARDSFXTM Offer MoneyBookersFXTM Offer Web MoneyNettellerWESTERN UNION

FXTM Withdrawal MethodsFXTM Bank WireFXTM Credit CardsFXTM Offer DEBIT CARDSFXTM Offer MoneyBookersFXTM Offer Web MoneyNettellerWESTERN UNION

Please note that the list of the methods above depend on the FXTM entity and on the Clients Country of Residence.

» Visit FXTM

FXTM Currency Pairs

FXTM on the Standard Account offers:

  • 59 Forex pairs:
  • 14 Spot CFDs
  • 5 Spot Metals

 

FXTM Platforms

FXTM provides MT4 and MT5 in three versions (Desktop. WebTrader, and Mobile App). Also fully supports automated trading and scalping. Mobile trading is provided for iPhone and Android devices. FXTM offers also copy-trading via the Strategy-Manager.Desktop Platforms: FXTM offers MetaTrader4 and MetaTrader5 desktop platforms

◘ WebTrader: MT4 WebTrader

  • 18 languages
  • One-click trading
  • 9 timeframes & Advanced analysis tools
  • Real-time quotes in MarketWatch 

FXTM Mobile Trading: FXTM offers MT4 and MT5 apps for iPhone and Android

FXTM ANDROIDFXTM Offers App for iPhone

  • Real-time interactive charts & 9 timeframes
  • 30 technical indicators and 24 analytical objects
  • All trade orders and execution methods available

FXTM Web-Site LanguagesEnglish, Arabic, Chinese, Spanish, Russian, French, Korean, Indonesian,  Italian, Malay, Persian, Polish,  Urdu, Thai, Czech, Vietnamese

 

FXTM Pros and Cons

FXTM PROS

FXTM PROS

FXTM CONS

FXTM CONS

√ Regulated Forex broker X All currency pairs are NOT available for all account types
√ Tight spreads for the three ECN account types
X A $5 fee for 6-month inactive accounts
√ Automated Trading and Scalping allowed  
√ MT4 and MT5 in 3 versions (Desktop, WebTrader, Mobile)
 
√ 58 currency pairs (Standard Account)
 
√ Multilingual customer service (Supports Many Asian Countries too)  
√ Cent Account ($10 minimum deposit) which is ideal for Forex beginners  
√ Strategy-Manager (copy trading feature)  

 

 

FXTM Review -Final Conclusions

Founded in 2011, FXTM is an ECN / STP broker headquartered in Cyprus, with additional offices in the United Kingdom and Mauritius. The broker is regulated by CySEC (License 185/12), FCA UK (License 777911), and FSC (Licence C113012295).

The FXTM website offers multilingual support via Live Chat and email and operates 24/5. As concerns trade platforms, FXTM provides MT4 and MT5 in three versions (Desktop. WebTrader, and Mobile App). Also fully supports automated trading and scalping. Mobile trading is provided for iPhone and Android devices. FXTM offers also copy-trading via the Strategy-Manager.

There are many account types and the minimum deposit is just $10 (cent account). The ECN Zero account requires a minimum deposit of $200. More specifically these are all the account types and deposit requirements, at the time of this FXTM review:

    • (1)  Cent Account {$10 minimum deposit}
    • (2)  Standard Account {$100 minimum deposit}
    • (3)  Shares Account {$100 minimum deposit}
    • (4)  ECN Zero {$200 minimum deposit, plus MT5}
    • (5)  ECN {$500 minimum deposit, plus MT5}
    • (6)  ECN Pro {$25,000 minimum deposit, plus MT5}

The best account types seem to be the ECN and the ECN Pro account types. The ECN Pro requires a deposit of $25K and obviously focuses on advanced and professional Forex traders. On the other hand, the ECN account requires as little as $500 by providing ECN execution and tight spreads for all the majors. In addition, the standard account includes a considerably wider asset index than other account types containing 59 Forex currencies, 5 metals, and 14 CFD products.

Finally, the account currencies include Euro, US Dollar, and British Pound Sterling, while there are many fund methods available (Debit/Credit Cards, Bank Wire, WebMoney, Skrill, Western Union, etc. (Depending on the FXTM entity and on the Clients Country of Residence). For European traders, the maximum leverage can be up to 30:1. Overall, FXTM is a good choice for Forex Trading especially as concerns the ECN account types which offer tighter trading spreads and MetaTrader5.

 

» Visit FXTM Website

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ECN Forex Broker Review: FXTM (Forex Time)

FxPros.net

Company Name: FXTM is the Brand of Exinity Limited, ForexTime Limited, and ForexTime UK

FXTM Offices: FXTM maintains offices in Cyprus, Mauritiusand the United Kingdom

FXTM RegulationCySEC (License 185/12), FCA UK (License 777911), FSC (Licence C113012295) 

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