FXTM, ForexTime Review 2021: Security, Fees & Special Features

The webs most detailed FXTM review: Forex Time is a well-known operator based in Cyprus dedicated to educating new traders that visit the platform. With a track record of over 10 years, this CFD broker has earned a good reputation over the years. Our expert decided to find out why.

4.27/5
Excellent
Regulated by
CySEC, FCA, FSCA, FSC
Cyprus flag
FXTM
Founded July 2011
Owner ForexTime Limited
Type CFD Broker
Fees 4.88$
account minimum 10$
Best for Day Traders

Why FXTM

In this section of our FXTM review we highlight 6 special features that deserves extra attention.

Use advanced tools only to control the risk when you are trading. This is a great tool for active day traders.
Risk Management
Use advanced tools only to control the risk when you are trading. This is a great tool for active day traders.
Make money by copying profitable traders and follow their strategies automatically.
Copy Trading
Make money by copying profitable traders and follow their strategies automatically.
When trading with a casback system you earn real cash when your trades are executed in the market.
Cashback
When trading with a casback system you earn real cash when your trades are executed in the market.
This platform has extra security features such as segregated bank accounts and investor insurance funds.
Security Of Funds
This platform has extra security features such as segregated bank accounts and investor insurance funds.
An Electronic Communications Network account will give you pure order execution with other traders.
ECN Account
An Electronic Communications Network account will give you pure order execution with other traders.
Use powerful market analysis tools that will help you scan the market and find new opportunities every day.
Market Analysis
Use powerful market analysis tools that will help you scan the market and find new opportunities every day.

About FXTM

This is a veteran CFD broker with over 10 years in the game. FXTM or ForexTime is located in Cyprus at this registered address: FXTM Tower, 35 Lamprou Konstantara,
Kato Polemidia, 4156, Limassol. This broker is regulated in several regions of the world which increases its trustworthiness.

FXTM is using segregated accounts at top-tier banks to keep customer funds safe and thanks to the CySEC regulation, all clients in Europe are protected by the Investor Compensation Fund which covers all potential losses up to €20,000 in the worst-case scenario. This broker has won several awards such as Forex Broker of the Year 2017, Best FX Broker Asia 2017, and Best Online Forex Trading Company Nigeria 2017.

Why use FXTM

This broker is for both beginners and advanced traders. Choose between different account levels depending on your experienced and how deep your pockets are. FXTM is very good for new traders thanks to the extensive education section where you can find guides written and published by already profitable traders.

Safety is a priority at Forex Time and if you want a trustworthy broker that is fully regulated you should give it a try. Start with the demo account and see how you like it. I would recommend traders who are looking for direct market access (ECN account) and low slippage to use this platform.

Trading on FXTM

Both MetaTrader 4 and 5 are available as well as the in-house FXTM trader platform. There is also a well-developed ForexTime trading app that lets you take the markets with you where ever you go. You can open a trade on your desktop in the morning and close out the position on your smartphone by lunchtime. You are able to track all opened and closed positions very easily.

One-click trading is an option for traders who are looking to enter the market in seconds. This is a great tool for all day traders and scalpers who are very active. Due to the low slippage, the VPS routing, and great order execution ForexTime makes for great trading and it’s definitely worth your time if you are looking for a new place to trade.

Payment methods and limits

Most of the standard payment methods are available, including Visa, Mastercard, Maestro, Skrill, Neteller, PayPal, WebMoney, and Bank Transfers. The minimum deposit is $10, the minimum withdrawal is $0.01, and the maximum withdrawal has no limit.

Things we don’t like

There are not many negative aspects to this CFD broker. It is delivering a very solid trading environment for both new and experienced traders. It has a good number of special features which is always good for traders who like a lot of variety and utility.

However, FXTM doesn’t stand out amongst the crowd with any groundbreaking design nor platforms to trade on. It’s a very decent broker and if you are looking for a safe place to trade you should give it a go. We recommend things broker for all our traders!

Trading Fees

Products
Maker fee
Taker fee
Forex
$4.88
$4.88
Commodities
$9.67
$9.67
Stocks
$1.60
$1.60
Indices
$1.60
$1.60
Metals
$5.29
$5.29

Products

Forex
Forex
Commodities
Commodities
Stocks
Stocks
Indices
Indices
Metals
Metals

Trading Platforms

MT4
MT4
MT5
MT5
Webtrader
Webtrader
Mobile App Android + Mac
Mobile App Android + Mac
Own trading platform Windows + Mac
Own trading platform Windows + Mac

Order Types

LO - Limit Order
MO - Market Order
SO - Stop Order
SL - Stop Loss
TP - Take Profit
TSL - Trailing Stop Loss
FOK - Fill or Kill
IOC - Immidiate or Cancel

Devices

Web
Web
Desktop
Desktop
Smartphone
Smartphone
Tablet
Tablet

Special Features

Education
Fast Execution Speed
Demo Account
Paper Trading
Professional Trading Account
Advanced Charting
Fast Account Verification
Professional Support
Currency Converter
Leverage Trading
Trading Signals
High Security
Micro Account
Trading App
Advanced Trading Tools
Advanced Trading Platform
Market Trading Hours
Experienced Trader Account
Margin Trading
Technical Indicators
Performance Analytics
Quick Registration
Instant Deposits
Micro Lots
One Click Trading
Low Slippage
High Limits
Several Account Types
Short Selling
KYC
Real Stop Loss
Veteran Trading Platform
Institutional Trading
Trade Alerts
Video Guides
Profit Calculator
Webinars
Seminars
Investing
Market News
Economic Calander
Trading Ideas
Trading Strategies
Fundamental Analysis
Trading Calculator
Trading Course
Hot Keys
Negative Balance Protection
Customisable Interface
Social Trading
Automated Trading

About the special features on FXTM

This CFD broker has a decent amount of special features, many of which you need to be logged in to see. They have focused their energy on a selected base of features that are really good. For example, customer support is insanely good. I always get instant replies from the live chat and I absolutely love to see this, good job! All funds on FXTM are insured by the Investor Compensation Fund in Cyprus. Thanks to this regulation you can trade safely knowing that your funds are backed up by a government to an amount of €20,000 or 90% of your current capital.

Trading signals

The trading signals on FXTM have been designed by their own professionals. With this tool, you have the potential to unlock higher profit potential and explore new scenarios that you haven’t seen before. Stop losses and all popular technical indicators are of course included.

Free Education

FXTM is a big believer in education and all new traders are welcome to use all free education tools right off the start. There is a deep forex education section on FXTM that I recommend all new traders visit to learn some of the basic do’s and dont’s.

ECN Account

If you are an experienced trader who is looking for an extra edge while day trading then an ECN account is exactly what you need. You benefit from better spreads, direct market execution, and no requotes. Basically, you will get better prices and cheaper trading with an ECN account.

Protection of funds

FXTM has your funds segregated in a group of selected top banks that are not connected to the company itself. Your funds are never touched by FXTM and will never be used for any business activities other than your own trades.

Lightning-fast order execution

FXTM offers very fast order execution and has its own performance scoreboard on the platform where you can see how well they have done when it comes to order execution and slippage over the year. Take a look at the statistics to see how well they have done over the year.

Funding

Visa
Visa
Mastercard
Mastercard
Maestro
Maestro
Skrill
Skrill
Neteller
Neteller
PayPal
PayPal
Webmoney
Webmoney
Bank transfer
Bank transfer

Accepted Currencies

USD ($)
EUR (€)
GBP (£)

Limits

Max Withdrawal Limits
No limit
Min Withdrawal Limits
$0.01
Min Deposit Limits
$10

Languages

United Kingdom
English

Restricted Countries

United States
United States Minor Outlying Islands
Mauritius
Japan
Canada
Haiti
Suriname
Korea, Democratic People"s Republic of
Puerto Rico
Brazil
Cyprus
Hong Kong

Security

Is FXTM safe?

Yes, ForexTime is a safe CFD broker to use. They keep all your funds in segregated top-tier banks outside of the company business.

Is FXGM regulated?

Yes, FXTM is regulated in Cyprus by the CySEC, in the UK by the FCA, in South Africa by the FSCA, and in Mauritius by FSC.

Support

Phone Number
Phone Number
+357 25 55 8 777
Live Chat
Live Chat

Frequently asked questions

Read the most frequently asked questions about FXTM. Find answers without searching the web.

Yes, ForexTime Limited is a licensed company with government regulation.

You can deposit as little as $10 if you want to start out small.

When I asked the live chat about the withdrawal procedure they said that they process all withdrawals the same day, which is good. Bank Transfers take around 3-5 business days, Credit or Debit cards take between 3-5 business days, and E-wallets take 1 business day to go through.

Yes, ForexTime is regulated by the FCA in the UK, by CySEC in Cyprus, by FSC in Mauritius, and by the FSCA in South Africa.

The ECN account on ForexTime is an Electronic Communication Network system that gives traders the option to access other market participants through an interbank. With this system, you will trade with other traders and the market maker itself. There is also no extra premium on the spread in the market, therefore calling it a raw spread.

This is a CFD broker.