In 2011, ForexTime (FXTM) was launched to offer a new and superior forex trading product on the global forex market. The idea was to launch a user-friendly and professional platform that was as easy to use for beginners as it was for experienced traders, and there is no doubt that the brains behind FXTM have succeeded.
In fact, today FXTM is one of the top forex brokers in the world, and since they’ve added commodities, indices, and stocks to their selection, they have managed to make a name for themselves as one of the best CFD-brokers. Period. If you don’t believe us we suggest you check out the many awards they’ve won over the years.
Is FXTM a Scam?
We only recommend the absolute best brokers in the world, whether it’s for forex trading, stocks, or a mix of underlying assets. That means that we would never recommend FXTM if we weren’t 100% certain that FXTM was not a scam but rather a broker that you could trust.
Moreover, we would never recommend a broker that wasn’t licensed and regulated in the areas that we target. FXTM is regulated by Cyprus Securities and Exchange Commission (CySEC) in Cyprus, registered by the Financial Conduct Authority (FCA) in the UK, and licensed by the Financial Service Board (FSB) in South Africa. In this case “more is more” and licenses from three leading regulatory bodies is enough for us to confirm that FXTM is not a scam.
FXTMs Asset Classes
As mentioned, FXTM was created to offer a superior forex trading environment which the founders have succeeded at. However, since launching, FXTM has grown and implemented other CFDs on the platform. Today, you can, for example, also trade three commodities (crude, brent, and natural gas), spot metals, all of the leading stock indices, as well as over 180 of the most popular stocks. The result is that FXTM is not only the best forex trader on the market but also one of the best CFD-traders out there.
As an extra bonus, FXTM also provides the opportunity to speculate on the price of gold bullions. Additionally, FXTM offers a great copy trading function where you can copy other successful traders and use trading signals for automatic forex trading.
What Platforms Does FXTM Offer?
We are always delighted when we come across a broker that offers the MetaTrader products. There are a few cases where brokers have managed to develop their own trading software but generally speaking, MetaTrader’s products are preferred.
Luckily, FXMT has decided not to develop their own software but instead provide traders access to the full collection of MetaTrader trading tools. That means you can sign up for
FXTM and trade using MetaTrader 4, MetaTrader 5, as well as the MetaTrader Webtrader version of MT4 and MT5, and the associated mobile versions. With FXTM you can conveniently trade anywhere on any platform at any time.
A Trading Account for Every Trading Style
ForexTime provides a few different account types depending on what you’re looking to trade, and we’ll give you a quick rundown of what they are and which platform they’re connected to.
- The Standard Account is the most basic forex trading account with floating leverage and access to MetaTrader 4.
- The Cent Account is similar to the Standard Account with a few perks and fixed leverage. It also provides access to MT4.
- The Shares Account can be used to trade more than 180 of the biggest American stocks with a 3% margin and other sweet perks on the MetaTrader 4 platform.
- ECN Zero is commission free with tight spreads and no re-quotes on MT4. This is perfectly suited for traders with average experience
- ECN Account gives you access to MT4 and MT5 and provides traders with many features that make the trading experience as easy as possible.
- ECN Pro is FXTM’s pro account that has been specifically designed to offer all the functions professional forex traders need, it offers access to MT4 and MT5.
There is an FXTM demo account that you can use to trade on the available platforms in a risk-free environment. It’s a great way to get some free experience and take the FXTM platform for a test drive.
FXTM Payment Options
FXTM provides an impressive list of payment options for withdrawals and deposits with most payments being processed the same day as they’re initiated. Note that some options are location-based and not available to everyone.
- Credit and debit cards – Visa, Mastercard, and Maestro
- Internet Payments – Neteller, Skrill, WebMoney, Yandex, DotPay, Qiwi, etc.
- Cryptocurrencies – Bitcoin through Skrill
- Domestic Bank transfers
- FXTM Virtual Mastercard – FXTM’s own credit card available for withdrawals
In accordance with applied regulations, trading accounts have to be verified before withdrawals can be completed and generally withdrawals need to be done to the account used for the original deposit.
World Leading Customer Service
The two main offices that FXTM operates form are located in Cyprus and England, but they have several smaller offices that can be contacted as well, see a full list on ForexTime.com.
If you would run into a problem with the FXTM trading platforms or if you have any questions you have four options. You either go to the FXTM FAQ where many of the most common questions are answered. If you don’t find a solution there, you can either contact FXTM via email ([email protected]), live chat, or by calling one of their local hotlines.
It’s obvious that we aren’t the only ones that truly like ForexTime considering they have been rewarded with several of the industries finest awards such as Forex Broker of the Year (2017), Best FX Broker Asia (2017), and Best Customer Service Global (2017).
On top of the award-winning forex platform, FXTM provides practical stock and commodity trading features, and we consider them to be one of the best CFD brokers in the world.