FXTM Review

Forex Time (FXTM) 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, Mauritius, and the United Kingdom
• FXTM Regulation: CySEC (License 185/12), FCA UK (License 777911), FSC (Licence C113012295)
• FXTM Foundation: FXTM was founded in 2011
• Online since FXTM has been 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 Support: 24/5 via Phone and 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: The 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 Methods: BANK WIRE | DEBIT/CREDIT CARDS | WEB WALLETS
• FXTM Withdrawal Methods: BANK WIRE | DEBIT/CREDIT CARDS | WEB WALLETS

Please note that the list of the methods above depends on the FXTM entity and the client's Country of Residence.

FXTM Currency Pairs

FXTM on the Standard Account offers:

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

FXTM Platforms

• 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

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

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

FXTM.com Pros and Cons

FXTM.com 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 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 the 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 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

■ Forex Broker Review: FXTM

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