FXTM (ForexTime) is a popular Forex and Stock broker offering CFD trading. For complaints and withdrawal problems, read this.
Owned and operated by ForexTime Limited, they are officially located at: FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia 4156 Limassol, Cyprus. Contact phone number is +442037341025, and their email address is: [email protected].
Official website is: https://www.forextime.com/.
FXTM Broker Review
Investors at FXTM have a variety of trading platforms to choose from including the latest MetaTrader5, MT5 Pro, MetaTrader4, MT5 Web Trader, VPS, and the iOS & Android MT4 mobile apps. Available for trading is more than 250 assets in all categories of Currency pairs, Commodities (Gold, Oil, Silver), Shares, Market Indexes and CFD’s.
In July 2020, the broker began offering commission free trading, on over 300 listed US Stocks. Many Crypto Currency pairs including; Bitcoin, Ethereum, or Litecoin are available for trading at FXTM Global Limited.
The different types of FXTM UK accounts, including Micro Account come with a minimum deposit of just $50. ECN Advantage account and ECN Advantage Plus account both come with minimum deposit of $500. ECN Advantage account comes with ultra-tight spreads but also does come with commission which ranges from $0.40 to $2 per $100K notional value. ECN Advantage Plus account offers near-identical trading conditions as the ECN Advantage account, the biggest difference being that it comes with zero commission with wider spreads.
Copy trading is available via their FXTM Invest, and they have strategy managers from around the world. Naturally you can test out this broker with a free demo trading account, register here.
FXTM Copy Trading
One of the most popular features that this broker offers is their copy trading. They offer Strategy Managers who allow other investors to copy their portfolio, and make money from their success.
Looking at the filtering / screener abilities, you can find forex traders based on investment returns, risk profile, length of experience or trading style.
Is FXTM a Good Forex Broker?
FXTM is a large and popular international Forex broker, with offices and local support in many countries including Nigeria, China, Malaysia and more.
There are many Forex brokers to compare and choose from online. The reason smart investors will always choose a licensed broker instead of a scam broker, is because you want to trade and not worry about the financial stability of you broker.
ForexTime is licensed and regulated by CySEC in Europe, with license number 185/12, see here.
- In South Africa they are licensed by the Financial Sector Conduct Authority, with FSP No. 46614.
- In the United Kingdom they are licensed by the Financial Conduct Authority (FCA), license number 777911.
- Outside the European Union, FXTM is owned by Exinity Limited and regulated by the Financial Services Commission of Mauritius. Their FSC license number is C113012295.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Regional restrictions: FXTM brand does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, Brazil, the Occupied Area of Cyprus and Hong Kong. Find out more in the Regulations section on the brokers website.
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You can try their MT5 or cTrader platform, with a Free Demo Account, signup here.