FXTM — Forex Broker Rating and Review 2020

FXTMFXTM website
Status
Regulation CySEC, FCA, IFSC
Trading software MetaTrader4/5, MT4 MultiTerminal, WebTrader
Headquartered FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus

The FXTM brand was launched in 2011, with a unique vision to provide unparalleled trading conditions and all-encompassing educational tools for clients in the forex industry.

In the course of just a few years, FXTM has firmly established itself as a global broker; basing its entire philosophy around the most precious commodity of all: time. By valuing the time of its clients, business partners, and team of dedicated professionals, FXTM ensures that its trading and investment products and services are efficient, effective, and reliable.

Boasting one of the most expansive and detailed educational centers in the business, this client-centric broker is passionate about empowering its clients with trading knowledge so that they get the most out of their trading experience. With multiple industry awards under its belt already, including a total of seven just in 2015, FXTM continues to grow and build respect as a major leader in the industry.


Disclaimer

ForexTime Limited, ForexTime UK and FT Global Limited share the same brand name, FXTM. ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614.  Forextime UK Limited is regulated by FCA with license number 777911. FT Global Limited (www.forextime.com) is regulated by the International Financial Services Commission of Belize with License numbers IFSC/60/345/TS and IFSC/60/345/APM.

Leverage is offered based on your country of residence, knowledge and experience.

Bonuses and promotions are offered based on your country of residence while terms and conditions apply.

FXTM trading information

WWW http://www.forextime.com/
Address FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus
Headquarters Limassol
Free phone +44 203 734 22 55
24 hour support
Partnership programs
Trust management
Expert advisors
Free education
Bonuses, Promotions
Sponsorship contests, competitions
Trading by phone
Mobile trading
Automated trading
Daily analysis
Demo account
Swaps
24 hour trading
Scalping
Hedging
Digits after the dot in quotes 5
Minimum position size 0.01
Pip spread on majors 0.4-2.4
Spread Type floating
Maximum Leverage 1000
ECN, $ 500
STP, $
Standard account, $ 100
Mini account, $ 10
Popular payment methods Credit Cards, Wire Transfer, PayPal, Bitcoin
Account currencies EUR, USD, GBP, NGN
Available assets Bitcoin, Forex, CFDs, CFDs on Bitcoin, CFDS on Spot metals, *Cryptocurrencies are only available in FT Global Limited; *NGN are only available to Nigerian clients
Languages English, Russian, over 18 languages supported
Platforms MetaTrader4/5, MT4 MultiTerminal, WebTrader
Broker type Broker, ECN
Regulation CySEC, FCA, IFSC
Foundation 2011
Copy Trading Brokers
Bitcoin Forex Brokers

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.

David   20 September, 2020  

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 September, 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.

Timon   19 September, 2020  

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 September, 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.

Dillan   18 September, 2020  

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 September, 2020

Fmtx's spread is the largest I've ever seen. Not beginner friendly and very risky. fxtm's spread should be illegal really.

Michael Archer   11 September, 2020  

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 September, 2020

Thanks guys for these update. l would have made a big mistake investing with FXTM.

Wale   29 August, 2020  

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 September, 2020

Did anyone get his money back?

AHR   27 August, 2020  

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.

Christine   26 August, 2020  

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 September, 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?

guest   5 August, 2020  

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 August, 2020

FXTM is not a reliable broker. Still waiting for my withdrawal money.

Ahmad isa   19 June, 2020  

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 June, 2020

can any one tell about the FXTM cent account. are they real? can they manipulate?

Justin saji Abraham   6 June, 2020  

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 June, 2020

All Reviews & Comments
FXTM Rating and Review

FXTM Rating

92 %   8 %


FXTM Reviews Rating

Reviews Rating FXTM - 5

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