FXTM (ForexTime)

ForexTime is an online forex broker that stands for transparency, simplicity, and clarity. Besides offering an online platform for trading, FXTM serves as a forex educator so that traders can learn effective trading strategies and make profitable trades.

Here are some of the biggest advantages of signing up at FXTM:

FXTM Factsheet 2024

The FXTM support desk is available throughout on regular weekdays and its available 24 hours a day. All traders can communicate with a representative at several departments in different international places through email or telephone. Additionally, you can live chat with the representatives. Furthermore, the company has several support centers in up to 7 countries.

The company is regulated in the E.U and U.K and the promotions and bonuses are also permitted away from the places. In other regions, during writing time FXTM will offer a 30% sign up or welcome bonus that’s capped at $300.

All the company’s traders will earn up to $25 bonus for referring their family and friends. Also, they can earn $10,000 by referring family members and friends and they can withdraw the amount anytime they want.

The company permits you to withdraw all your winnings and zero commission using skrill, Neteller, and China Union pay. Additionally, you can perform withdrawals on reduced commissions in a 1% to 1.5% range.

How Reliable is ForexTime?

FXTM is licensed and well-regulated. FT Global Limited, its parent company, operates under a license granted by the International Financial Services Commission (IFSC). The IFSC aims at promoting and developing Belize as a global center for financial services.

The broker offers customer support for 24 hours per day from Monday to Friday. You can call the number +44-20-3734-1025 whenever you need assistance.

ForexTime is very serious about transparency and regulation. It is a licensed online broker that segregates client funds and never mixes it up with operational funds. Its industry reputation is quite strong owing to its excellent trading conditions, experienced management team, commitment to customer satisfaction, and excellent trading conditions.

The parent company of FXTM, Exinity Limited, is licensed and regulated by the Financial Services Commission (FSC) of Mauritius. You can view details of this license on the FXTM website.

Moreover, FXTM offers excellent customer support through the following methods:

• FAQ: You will find answers to commonly asked questions on the FAQ page.
• Email: Send an email to [email protected] and get a quick response.
• Live Support: Top-rated live support is available through Live Chat, Telegram, Call Back, Viber, and Messenger.
• Telephonic Service: Support numbers, including toll-free numbers for several countries, are available on the contacts page of the online broker’s website.
• Snail Mail: You can send a snail mail to ForexTime’s parent company Exinity Limited at 5th Floor, 355 NEX Tower, Rue du Savior, Cybercity, Ebene 72201, Mauritius.

Register & Open a Demo Account

ForexTime gives new traders the option of opening a live account or try demo trading with balance of $1,000,000 in virtual funds. To open a demo account, you have to click on the Open Demo Account link. This takes you to an online registration form, in which you have to enter your names, country of residence, and email address and create a password.

Once you are confident about trading and want to open a live trading account, you can choose from the following types of trading accounts.

Types of Trading Accounts

ForexTime has designed several types of accounts to suit different trading styles. The two main types of accounts at the broker are Standards Accounts and ECN Accounts.

Standard Accounts

You can choose from the following three types of standard accounts:

ECN Accounts

You can choose from three types of ECN accounts, as follows:

Trading Platforms

ForexTime offers a wide range of trading platforms, including the immensely popular MT4 and MT5 platforms. You can download these platforms of their Mac computers or PCs or mobile devices.

Trading Instruments

ForexTime offers trading on a wide range of trading instruments, as follows:

FXTM Bonus & Promotions

ForexTime offers welcome bonuses, deposit bonuses, and cashback bonuses to new as well as existing players. However, these offers are time bound and must be grabbed before they expire.

The company also runs a variety of forex contests to give clients a chance to showcase their skills and prove their expertise. They can compete with traders from different parts of the world and win titles and prizes if they win.

If a trader registered with FXTM refers a friend or a family member, he/she will get a bonus of $25. They can use a customized referral link to promote the online broker. Traders can earn up to $10,000 just by referring friends and family members, and they can withdraw these funds any time they wish.

ForexTime is also home to a five-level loyalty program, which rewards loyal traders with bonus offers, cash back, and many other benefits. To unlock the rewards, you have to achieve the higher levels. You can do this by simply trading on your favorite instrument.

Get a Forex Education

You can easily get a forex education at FXTM. You can read high-quality articles on forex trading, view video tutorials, sign up for webinars, and check out the glossary.

Here is a list of educational and informative resources at ForexTime:

In addition, there are forex trading strategies, forex glossaries, education articles and videos, periodic tables, beginner guides, and short forex educational videos, all designed to help traders improve their skills and knowledge of strategies.

Trading Toolbox

The FXTM trading toolbox and all the useful tools it contains is available free of charge. They range from risk management tools to technical analysis tools and have been developed to help clients make profitable trades.

Here is a brief overview of the tools’ traders can expect at FXTM:

Guide to Making Deposits

Depositing funds into trading accounts and withdrawing profits is an easy process, which hardly takes any time. FXTM offers a wide range of local and international banking methods, many of which can be used for deposits as well as withdrawals.

To make a deposit instantly without fees or commission, you can use the following methods:

You can also use Bitcoin to make deposits in 24 hours without paying any commission. The traditional method of Bank Wire Transfer is also available, but the deposits will take up to five days to hit the account.

How to Withdrawing Profits?

You can withdraw your winnings with zero commission using the following methods:

You can make withdrawals on low commissions in the range of 1% to 1.5% using the following methods:

Bank Wire Transfer is also available as a withdrawal option, but it carries a commission of €30.

You can also use Visa, MasterCard, and Maestro by paying a commission of $3. Usually, the profits hit traders’ personal accounts in just 24 hours.

FXTM FAQ’s

Where is FXTM based?

South Africa, Cyprus, the U.K, and Mauritius.

Is ForexTime reliable?

The company is well-regulated and licensed. Its parent company FT Global Limited functions under the license issued by the International Financial Services that aims at developing and promoting Belize as an international area for financial services. Furthermore, the company provides an insurance deposit of £85,000.

How long has Forex Time been operating?

It was launched back in 2011 and the Exinity limited secured the FSC license in 2013.

How can I open an FXTM account?

The simplest way to create an account with FXTM is through clicking the Open Account buttons on their page then fill the registration form available. The process takes a few minutes then you’ll begin trading.

How can a trader deposit funds on the FXTM account?

The company offers different methods for withdrawing and depositing funds. Traders can conduct their transactions via skrill, Western Union, Neteller, and FasaPay. Bank wire transfers and wire transfers can also be used. Other small channels famous in developing countries can be used. • Move to the deposits page on My Money part on MyFXTM. • Select the preferred deposit method then click ‘Deposit’. • Tap on the wallet or FXTM account that you desire to add funds to then fills in the necessary fields. • After that, confirm the deposit made on the following page.

How does FXTM make funds?

The company generates funds from commissions and spreads that are charged on overnight financing markups and trades.

How can a trader withdraw the rebates or commissions earned through Forex Time?

Commissions’ withdrawal isn’t a difficult task. You can follow the following steps to carry out the process. • Navigate to the ‘Fund Withdrawal’ on the IB/Affiliate panel. • Then select a withdrawal procedure then fill in the information needed. • After that, submit the request through clicking ‘Confirm’. For a quick withdrawal, traders must ensure that their IB/Affiliate profile undergoes a full verification procedure.

What are FXTM wallets?

Wallets are automatically created immediately a trader opens the FXTM account and they can be used to make internal transfers, withdrawals, and deposits to and from the trading accounts in several currencies and all registered FXTM clients can use the wallets.

After how long will my deposit be processed?

All information based on the processing time for all payment methods can be accessed on the withdrawals and deposit page. When the company wants to verify or request more information concerning the deposit then it might take longer to process the deposit. Note that the company isn’t liable for any unnecessary delays that arise from a third party payment processor.

What can I do when I don’t get my bank wire deposits and withdrawals?

When you don’t get your funds in up to 5 days, make sure you communicate with the Back Office Department through an email. Do this by requesting a swift copy. After that, your bank will track all your withdrawals.

Our Take on FXTM

The online brokering service at FXTM is nothing short of exceptional. It is not only an online trading platform, but also an online teaching platform. Since the broker knows exactly what clients need, it features excellent customer support, wide range of account types and trading platforms, plenty of high-quality educational resources, and a wide range of bonus offers, which include refer-a-friend bonuses, cashback for loyalty, and welcome offers. We recommend opening the Demo Account or the Cent Account to get started at ForexTime.