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FXTM Reviews and Comments – Page 2

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Friends, please do not deposit with FXTM. These people will allow deposits only without any documentation or verification, and when you want to withdraw they will ask you for documentation and even if you submit they will keep rejecting it even if it's genuine. Also when you are trading and if you understand that funds are not going to be enough, and you make deposit, FXTM waits for the opportunity for you to make a loss and still will not reflect it until all is lost. I deposited 3 hours back and my fund was not reflected after submitting all evidence of payment via mail, there customer live chats. Friends it's a big scam that's being run in Nigeria and the umbrella of genuinty.
  10 Jun 2021  

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Hello Subin! Please be informed withdraw funds your MyFXTM account needs to be fully verified. This is necessary in order to ensure the safty of your funds, we ask you to provide us with 2 documents: 1) an identity document (ID slip, driving license, etc.); and 2) a proof of residence document showing your current residential address. Your Proof of Residence document must be either an utility bill issued on you/your parents/your landlord, or a bank statement written on your name. No matter what option you choose, your PoR document should be issued no later than within recent 3 months. Please also note that depending from the trasfer type you choosed additional documents can be requested. The processing time, for every transfer method is provided on our website in the transfer funds section. If you will have additional questions, please contact us via email or Live chat. We will be more than happy to help you.
FXTM   17 Jun 2021
I dont understand why brokers always mention lowest spread or 0 pip spread but in reality when you look at the chart theres a 30 pip spread and can go as high as a hundred pip.
  30 May 2021  

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Hello Kramnik! We mention the lowest spread on our website in the contract specification section. Kindly be reminded that we offer a floating spread which means it's not of a static value and changes depending on the market conditions. Please note that spreads may increase significantly from their average level during periods of low liquidity. If you have any other questions, please feel free to contact us via Live chat.
FXTM   3 Jun 2021
I don't understand them to be honest. If i deposit dollars, I should be able to withdraw dollars. Why accept all payment options and and limit withdrawals to just local bank transfer which happens to be in only the Naira currency and at a lower rate than the current exchange rate.
  24 May 2021  

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Dear Ade, please notice that our Company provides a wide variety of fund transfer methods. You can see them on our website page - https://www.forextime.com/trading-accounts/deposit-withdrawals/. We are asking you to send your FXTM ID number and a detailed description of your query to our email address support@fxtm.com or contact us via Live chat. Our Customer support team will be more than happy to help you.
FXTM   27 May 2021
I have had an account with FXTM for almost 3 years now and maybe what some people are saying is true, emphasis on the maybe. 1. Talking about spread. First question you should ask yourself is, what account type are you using? Standard or ECN, also what time of the day are you trading? Is there a major economic news coming up? I've noticed that these questions when properly asked with truthfulness can eliminate the disparity or wrong idea you have about FXTM. 2. Withdrawal issue. Currently, I just resumed back to trading after opening my account I didn't go back to it for years, there was no vibe and mission to be a successful trader like I desire to be now. But I can't say I know of any withdrawal issue since I'm in Nigeria and withdrawal to local accounts is easier for things like this, bank wire I can't say anything for sure about it but what I can say is this. If you run a company, wouldn't you want to be sure it's the right person receiving the money so you don't get scammed of the rightful owners money? All those documentations for withdrawal I feel is necessary. Do your research accordingly, don't follow what I've said blindly but do your research first and get back on track with them, also ask questions from the customer service representatives so be sure of what you're doing. we can always think something is in a specific way until we ask the right questions from the right person. I hope you all allow this sink in just so you can get a better knowledge about this broker, I'm not in amy way related to them other than being a client, there's no relationship that exists with them.
  6 May 2021  

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Dear Emmanuel, we really appreciate that you provided us with feedback! Your opinion is very important to us. We look forward to working with you for a long time. If you have any questions or ideas, please feel free to contact us via Online chat (http://fxtm.co/start-chat-now) we would be very happy to know, as we are always trying to improve the service for our Clients.
FXTM   13 May 2021
FXTM doesn't want to do withdrawals with the same method I used to deposit. my advice to you guys is to not deposit. it should've been ranked on the top 3 scam!
  4 May 2021  

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Hello Neo! We are sorry to hear about your frustration. Please be informed that withdrawals should be made in proportion to the deposits according to the payment method used. Your withdrawals should be transferred to the same card, e-wallet, bank account used for deposit. Kindly ask you to send your FXTM ID to our email address support@fxtm.com or contact us via live chat (http://fxtm.co/start-chat-now) and describe the issue in details. Our support team will be happy to check the information and provide you with detailed responses to all your questions.

FXTM   6 May 2021
I am sad that I will not be able to withdraw my funds when I need them. I might as well close the account then, otherwise what's the use of trading when you can't withdraw your profits?
Bella   5 Jun 2021
Just bad and unreliable broker. All the critical reviews are true 100%. I won't recommend anyone to use fxtm, you gonna end up digging your pit and falling in it real hard using this fxtm.
  27 Apr 2021  

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Hello! We are sorry to hear that you have such an opinion about our Company. We can affirm that we always act with our clients' best interests. Please email all the details on the current situation to us at support@fxtm.com. We will definitely make a thorough check and provide you with a detailed answer.
FXTM   29 Apr 2021
Thank you all for your comments, was about registering when I stumbled on this thread. You just saved a life. Love you all.
  21 Apr 2021  

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There's something I Don understand, when I go to the withdraw funds, under the card options, I'm told that I can only withdraw to the amount that I deposited. So if I made a $100 deposit the max I can withdraw is $100. If I were to make any profits, I wouldn't be able to withdraw my profits at all. Does that sound right?
  15 Apr 2021  

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Hello! Please be informed that the initial deposit amount must be sent back to the same source, from which we received your funds. Profits can then be withdrawn via Bank Wire and E-wallet. For example, if you deposit $100 via Card, and raise the money to $150, you will have to withdraw the same $100 back to your card and withdraw the remaining$50, which is your profit, via Bank wire or E-wallet. Shall you need any further explanation, please feel free to contact us Live chat (https://fxtm.co/start-chat-now).
FXTM   22 Apr 2021
They will not let you withdraw funds and they will obstruct your every honest effort. This company may be regulated, but they are not honest. I have been trading on FXTM for about 3 years now and have made about 300% profit. And finally when I want to make a withdrawal, they obstruct and decline. Then they ask for a bank statement proving that you made a deposit. Once you send that, they still don't accept that. They then ask for proof of a deposit from a bank account number that does not even belong to you. How can anyone do that? After that they simply don't respond. They are a huge scam.
  14 Apr 2021  

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I use FXTM and I made withdrawal without any probs, I was told to provide a bank statement which I did and yes, I was told it would take up to 24hrs but within 3 hrs I got my withdrawal into my bank account.
Forexxxer   17 Apr 2021
Hello! We are sorry to hear you about your frustration. We'd like to point out that we do not have any issues with withdrawals. We kindly ask you to send your FXTM ID and the withdrawal request to support@fxtm.com. We will be glad to investigate your case and provide you with a detailed explanation on the situation in the shortest time possible.
FXTM   22 Apr 2021
I want to sincerely thank you all for your comments, was about registering when I stumbled on this thread. You just saved a life. Love you all.
  7 Apr 2021  

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Hello! Should you have any questions regarding our Company services, please feel free to send them to our email address support@fxtm.com. We will be more than happy to help you!
FXTM   8 Apr 2021
This company run fake account and it look real. They take your money on your deposit day your account will look real. They will make you lose but in real you already lost your money on the day when you deposit your money. After sometime they will mail you for closing of your account. when they realise that you not gona deposit more money. Maybe like company has changed the policy to work only with professionals. Company will not work with retail accounts. They will not allow you to withdraw money easily. They will ask you for so many idz profz. Even you been work with them for years. My recommendation is don't work with them.
  28 Feb 2021  

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Hello! Please clarify what do you mean by a "fake account"? The official website of the company is https://www.forextime.com/. You can work with our company only using this website. The company does not send emails asking to close your account. The account is closed only at the client's request. Our company provides services to all clients, regardless of their deposit level. The Company does not interfere with Clients' trading activity, nor does it manipulate the prices received from its Liquidity Provider. This goes against both regulation and our corporate ethics. To make a withdrawal of funds, the payment department may request the relevant documents required for a money transfer. The list of required documents is indicated on our website. Kindly ask you to send your FXTM Account number to our email address support@fxtm.com with a detailed description of the situation. Our agents will check the information and provide you with a detailed response to all your questions.
FXTM   4 Mar 2021
I got same issue, they said they will not accept on third party deposit but when i deposited thru it the company accepted it and my mt4 account appeared on that amount. It supposed rejected and no deduction from my bank account or the company shall return it back to my bank account. The hard story is when i wanna withdraw the money that i deposited, they asking a lot of question and documentation such bank statement. But when i submitted those document my withdraw still pending until fed-up of waiting.
frust trader   16 Jun 2021
Why don't you provide us a historical chart of your spread with time? That would be more clear for everybody and just.
  17 Feb 2021  

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Hello! Kindly send us an email to tradeenquiry@fxtm.com. We will provide you with the information you need.
FXTM   18 Feb 2021
Guys, this broker is a big no no, firstly I made a deposit with the third party card and I was told that I can't make a withdrawal because of that, now I made another deposit with my own debit card but they keep rejecting my withdrawals, so I wouldn't recommend this broker to anyone.
  28 Jan 2021  

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Hello, Madisha! We are sorry to hear about your frustration. We kindly ask you to send us your FXTM ID and all the information regarding this case to social@fxtm.com. We will be glad to take a closer look into this situation and provide you with a detailed response.
FXTM   4 Feb 2021
They did the same to me, so I changed the broker, the new broker also scammed me, so I called the quits on trading. These people are in a business to make money, not to giveaway money. I'm out of trading world.
Kay   24 Mar 2021
Hello Kay! We are deeply sorry for the negative experience you had. We can convince you that we always act with our clients' best interests and are continually striving to provide the best possible support. Kindly ask you to send your FXTM Account number to our email address support@fxtm.com with a detailed description of the situation. Our agents will check the information and provide you with a detailed response to all your questions.
FXTM   1 Apr 2021
I had just joined FXTM and traded for a week or seven working days after that nothing is going on every time I try to withdraw they keep on asking for fees I don't really understand now I have received nothing after investing my hard earned money it is frustrating.
  15 Jan 2021  

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Hello! We do not have any issues with withdrawals in our Company. Please send us your MyFXTM number and the request number to social@fxtm.com. We will be glad to see into your case and provide you with a detailed response.
FXTM   21 Jan 2021
Be very careful with FXTM! They delete your accounts, also your live accounts after some time and you cannot log in anymore. I had live accounts there since 2016 and I cannot even access to my data anymore, because they deleted my login account. This is an absolute mess and I have problems now with my tax departments, because normally FXTM has to keep this information. I am happy that I am not trading there anymore. I can only warn you of this "company"! They make no business, this is only a joke!
  5 Dec 2020  

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Hello! We kindly ask you to send us your MyFXTM number and all the information regarding this situation to social@fxtm.com. We will investigate this case and provide you with a detailed response in the shortest time possible.
FXTM   10 Dec 2020
Truthfully speaking, I have only been with fxtm for a short period of time, but with what i saw tonight, FXTM does also manipulate it's trades and that is seriously unfair. After collecting charges and spreads, they still manipulate trades on ECN accounts. Really truthfully unfair. I have engaged them with my proof. Really wish i could sue them.
  3 Dec 2020  

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Hello! We are very sorry to hear that you have such an impression working with our Company. We can affirm that we always act with our clients' best interests. The Company does not interfere with Clients' trading activity, nor does it manipulate the prices received from its Liquidity Provider. This goes against both regulation and our corporate ethics. We would like to investigate your situation and give you a detailed explanation of what happened. Please send all the details of the case to social@fxtm.com. We will see into it and provide you with a detailed answer.
FXTM   10 Dec 2020
This broker also hunts your stop loss by manipulating price a lot. Not just a just broker.
  27 Nov 2020  

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Hello, we are sorry to hear that. We can convince you that we always act with our clients' best interests and are continually striving to provide the best possible support. The Company does not interfere with Clients' trading activity, nor does it manipulate the prices received from its Liquidity Provider. This goes against both regulation and our corporate ethics. If you'd allow us to, we would like to look into your inquiry and give you a full explanation of what happened. Simply login to your MyFXTM account and submit your query, providing your account and a detailed explanation of your issue. Our dedicated team will look into the issue and reply to you within five business days. In the meantime, please don't hesitate to contact our official Customer Support team or your personal Account Service manager.
FXTM   3 Dec 2020
This broker won't let you make money by presenting to you a very large spread. Largest spread ever in the forex market. I advise you run away from them. 0 rating
  27 Nov 2020  

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Hello. FXTM provides a variety of live account types with unique trading characteristics & different spreads. Designed for traders of all experience levels and deposit size, our live accounts give our clients the opportunity to choose the one that suits their requirements and investment objectives. Moreover, please be reminded that spreads on all our instruments are floating and not fixed, so they may change as they reflect the market conditions. This means that spreads can either be lower or higher than the typical values stated in the contract specifications page on our website. Kindly also note that during periods of low liquidity such as rollover or market opening/closing or during important news announcements where increased volatility is expected, spreads may increase significantly from their average level. If you would require any help in choosing the right live account type for you, please do not hesitate to contact our Customer Support team or get in touch with your personal Account Service Manager.
FXTM   3 Dec 2020
Please why was "African local solutions" deposit option disabled?
  23 Nov 2020  

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Hello! Kindly send your myFXTM number to social@fxtm.com. We will check the information and provide you with a response.
FXTM   26 Nov 2020
I can't quite put my finger on it but what David had mentioned regarding their spread is true, even on their cent account. Like its ridiculous. An this is just a hunch but Trading with FXTM seems to be a mission. You could follow all the right rules, using technical, fundamental and sentiment but still will lose the trade. If the trend/trade goes in your favor the spread increases to make sure you either make a tiny profit, break even or even lose cause of it. Today i was trading and something told me to check out the charts on Trading view an other platforms an it seems as there could be some manipulating their charts as well, especially on Gold. Whats even weirder and I'll make an example.. Lets say you enter a trade with EURUSD and the current spread is 25 (which is freaking high already) The moment the trade starts moving in your favor you will see the spread increase to 35 or even 40 which is down right madness. You will even miss trades you've place as pending orders just because of it. I even have a hunch that they trade against us. An reading all the comments i don't think I'm wrong or alone in this. They should be looked into and given the same fate as *** if they don't come right.
  16 Oct 2020  

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Hello! We can affirm that we always act with our clients' best interests. The Company does not interfere with Clients' trading activity, nor does it manipulate the prices received from its Liquidity Provider. This goes against both regulation and our corporate ethics. Spreads on all our instruments are floating, so they change as they reflect the market conditions. If have questions regarding any order execution we would like to look into your case and give a full explanation of what happened. Simply login to your MyFXTM account and submit your query, providing your account and a detailed explanation of your issue. Our dedicated team will look into the issue and reply to you within five business days.
FXTM   22 Oct 2020
I suspected that too. they proof that all the knowledge and strategy I have is fake combined with their spread, am tired of fxtm
Johnson   5 Dec 2020
All brokers do that. I'm done with online trading. You will never win against them. The chats always go against you, in all trades. Few seconds after placing a trade, chats start going against you?
Kay   24 Mar 2021
Fxtm is a terrible broker, their spread charge as most traders have said of this world. It very very very high and abnormal. Their spread charges alone can make you loose your trade, people have been complaining about their spread charges for years now and their have refused to reduce it. Fxtm is your enemy, the company doesn't want your progress in trading. Do not open an account with them, currently now their GBP/NZD spread is over 25pips, imagine that, their spread charges are always X3 or X2 of other brokers. Don't trade with them, save yourself the headache. If there is a rating less than zero, I'll give them that over and over again. If you want to try them out after reading my post, good luck to you, cus you'll be needing it.
  20 Sep 2020  

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Hello David! We always act with our clients' best interests at heart. Please be reminded that spreads on all our instruments are floating, so they may change as they reflect the market conditions. This means that spreads can either be lower or higher than the typical values stated in the contract specifications page on our website. Kindly also note that during periods of low liquidity such as rollover or market opening/closing or during important news announcements where increased volatility is expected, spreads may increase significantly from their average level. It is incorrect to compare prices of different broker as each one has its own set of liquidity providers, hence the prices will not be the same. Since we only transmit the quotes we receive from our liquidity providers, we cannot influence the values of spreads on the trading instruments. Kindly note that FXTM provides a variety of live account types with unique trading characteristics & different spreads. Designed for traders of all experience levels and deposit size, our live accounts give our clients the opportunity to choose the one that suits their requirements and investment objectives.
FXTM   24 Sep 2020
I also lost the same on on spread alone. ok these guys can close your account in seconds.
Ephraim Kiplagat Kandie   1 Oct 2020
Hello Ephraim Kiplagat Kandie! Please be reminded that we only transmit the quotes we receive from our liquidity providers and cannot influence the values of spreads on the trading instruments. Since spreads are floating they change their values as they reflect the market conditions. If you have faced a situation that requires explaining from our side, simply login to your MyFXTM account and submit your query, providing your account and a detailed explanation of your issue. Our dedicated team will look into the issue and reply to you within five business days.
FXTM   15 Oct 2020
Conflict of interest. Brokers make money through all of us depositing funds and losing them. So they want us on board but will never want us to have money in the account.
Bruce   1 Nov 2020
Hello Bruce! Please note that Clients' financial results do not in any way affect the profits of the Company. There simply can not be a conflict of interest between the Company and the Client, since the Company's profit is generated from the spread and commission on trading accounts.
FXTM   12 Nov 2020
This is ridiculous! I opened the account and had my ID and address verified. After that I tried to deposit $100 but then they asked me for my employment information, which was never mentioned when opening account or on their website. I said I preferred not to give out my employer information. Now they said they can't let me withdraw. What a robbery! You allow people to put in money but not withdraw. What the hack in the first place you allow people deposit if account is verified.
  19 Sep 2020  

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Hello! We kindly ask you to send us your MyFXTM number to social@fxtm.com.We will be glad to investigate your case and provide you with a detailed answer in the shortest time possible.
FXTM   24 Sep 2020
It sounds true what Timon said! Thet shouldn't allow people to deposit money before verifying an account or profile. I'm having problems to verify my profile due to unnecessary complications. I have sent the bank statement of last month( September) and many other official documents but they kept asking me the same documents. And my money($100) is still pending. Since September 23, I could have used my money for something else. The stapes used here are not really helpful.
Alan   8 Oct 2020
Hello Alan! We kindly ask you to send us your MyFXTM number and the request number to social@fxtm.com. We will be glad to investigate this case and provide you with a detailed response in the shortest time possible.
FXTM   15 Oct 2020
I am also working with FXTM since 2 years. There is no issue in services either deposit or withdrawal. you have to send a just confirmation mail about your employer history, it is so easy.
Megh raj lama   1 Nov 2020
FXTM is good and reliable. Execution time, withdrawal and deposit time is quite good. But spreads are too high and deposit through Africa local solution (mtn mobile money in particular) is disabled. Will be great if it is put back.

  18 Sep 2020  

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Hello Dillan! Thank you for the review. Kindly be reminded that we offer floating spreads, meaning they change as they reflect the market conditions. Spreads can either be lower or higher than the typical values stated in the contract specifications page on our website.
FXTM   24 Sep 2020
Fmtx's spread is the largest I've ever seen. Not beginner friendly and very risky. fxtm's spread should be illegal really.
  11 Sep 2020  

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Hello! Please be reminded that spreads on all our instruments are floating and not fixed, so they may change as they reflect the market conditions. Moreover FXTM provides a variety of live account types with unique trading characteristics and different spreads designed for traders of all experience levels and deposit size.

FXTM   17 Sep 2020
Thanks guys for these update. l would have made a big mistake investing with FXTM.
  29 Aug 2020  

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Hello Wale! We kindly ask you to consdier the fact that not every comment one sees on the Internet shall be trusted unconditionally. If you have any doubts or questions regarding our Company, please feel free to contact us via email social@fxtm.com. We will be glad to provide you with all the necessary information!
FXTM   3 Sep 2020
Did anyone get his money back?
  27 Aug 2020  

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Do not trade on FXTM, Nigeria. They manipulate the spread and all about the trading. No matter how good you are in trading, you will lose all your money.
  26 Aug 2020  

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Hello Christine! We can affirm that we always act with our clients' best interests. The Company does not interfere with Clients' trading activity, nor does it manipulate the prices received from its Liquidity Provider. This goes against both regulation and our corporate ethics. We kindly ask you to send us your MyFXTM number, trading account and the order number to social@fxtm.com for investigation. We will see into your case and provide you with a detailed response.
FXTM   3 Sep 2020
So correct, they manipulate everything, ranging from spread to price actions, I used fxtm account as a beginner and every time I place bet I lose, so I device a tactics of placing double trade I.e, a buy and sell at thesame time and before you knew it the market will automatically start consolidating thru out the day. Scam and chief manipulators
ASI   29 Dec 2020
FXTM are not reliable. Have been trying to withdraw since May 2020, up till I haven't been able to withdraw my money. what's happening?
  5 Aug 2020  

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Hello! We do not have any issues with withdrawals in our Company. We kindly ask you to send us your MyFXTM number and the request number to social@fxtm.com.We will be glad to investigate this case and provide you with a detailed response.
FXTM   20 Aug 2020
FXTM is not a reliable broker. Still waiting for my withdrawal money.
  19 Jun 2020  

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Hello! We kindly ask you to send us your MyFXTM number and the request number to social@fxtm.com. We will be glad to investigate this case and provide you with a detailed response.
FXTM   25 Jun 2020
can any one tell about the FXTM cent account. are they real? can they manipulate?
  6 Jun 2020  

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Hello! We can affirm that we always act with our clients' best interests and are continually striving to provide the best possible support. The Company does not interfere with Clients' trading activity, nor does it manipulate the prices received from its Liquidity Provider. This goes against both regulation and our corporate ethics. Please find all the necessary information regarding Cent Account on our website here https://www.forextime.com/trading-accounts/cent-account
FXTM   11 Jun 2020
FXTM Information and Review
FXTM

FXTM, a distinguished forex broker, was established in 2011 with a commitment to revolutionize the trading experience through exceptional service. As a regulated entity, FXTM operates under the strict guidelines of multiple financial authorities: the Cyprus Securities and Exchange Commission...

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