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ForexTime Broker

ForexTime Broker
Broker type Dealing Desk, Non-Dealing Desk, ECN
Foundation Year 2012
Regulation CySEC, MiFID, FCA
Minimum Deposit $1
Spread EUR/USD:0.1, GBP/USD:0.1, USD/JPY:0.1
Minimum lot size 0.01 Lot
Maximum Leverage -
Platforms Desktop software, Smart Phone, Mobile Phone, Metatrader 4
Account currency USD, EUR
OS Compatibility Windows for Mobile, Windows XP, Windows Vista, Mac for MT4/MT5 and Linux for MT4/MT5
Scalping Yes
Hedging Yes
Swap free accounts Yes
Demo Account Yes
Funding/Withdrawal methods Visa, Mastercard, Maestro, China Union Pay, E-WALLETS, Withdrawal Method, Neteller, Moneybookers (Skrill), Payza, OKPay, BANKWIRE, Barclays Bank, Rietumu Banka, Promsvyazbank, RUB) 24 hours, PPF Banka,Nigerian Local Bank Wire Transfer, Indonesian Local Transfer, FasaPay
Supported Language English, Spanish, French, Italian, Greek, Polish, Czech, Arabic, Turkish, Chinese
Availability Callback, Email, Live chat, Phone, Web form
Accepts US Clients No
Headquartered in Kanika International Business Centre 4 Profiti Ilias, 4046, Germasogia, Limassol, Cyprus
International offices -
Website Visit ForexTime
Submit reviewView reviews (1)

Average Rating

View ratings
Total average

93.2/100

Ease of Access ( 92 )
Platform Performance ( 94 )
Reliability ( 94 )
Customer Support ( 92 )
Payouts Percentage ( 94 )

Review

ForexTime Broker Review
The company is the brainchild of Andrey Dashin, a man whose business insight and entrepreneurial mind were the driving factors behind the success of his first company, Alpari. ForexTime (FXTM) is regulated by the Cyprus Securities and Exchange Commission (CySEC) and in accordance with Law 144(I)/2007 is also a member of the Investor Compensation Fund (ICF).  Our mission is to maximize the value our clients derive from their most precious commodity, “Time”! By offering advanced and innovative services, optimal customer care and perpetual devotion to our clients.
Trading Platforms
Trading at ForexTime is available on either MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. These platforms are available as Web based as well as download versions. As for traders wishing mobility, they can install mobile versions of MT4 and MT5 on their mobiles devices. The guys at FXTM have certainly worked hard to make life for their traders as easy as possible. As for professional traders who want the best possible spreads, they also have the choice of ECN MT4 or ECN MT5 platforms to work with.Account TypesApart from diversity in products, FXTM also provide their traders with choices of trading accounts. The trading accounts are categorized into Standard accounts and ECN accounts.Standard AccountsStandard accounts are divided into the following:
FXTM Cent
FXTM Fixed Spread
FXTM StandardECN Accounts
As for ECN accounts, they are categorized into:
FXTM ECN
FXTM ECN MT5
FXTM ECN ZERO
FXTM ECN ZERO Amanah (Islamic Trading Account)The good thing about FXTM is that they don’t impose a minimum deposit requirement. Traders can start trading with whatever amount they feel comfortable with. However, to qualify for rebates, you need to meet their minimum initial deposit requirements.Commission & Spreads
The spreads payable at ForexTime (FXTM) depends on the type of trading account that the trader is trading from. For FXTM Standard accounts, the spread starts from 0.1 pips. As for FXTM Fixed Spread and FXTM Cent trading accounts, the spreads are fixed from 2.1 pips. With ECN trading accounts, no spreads are payable but traders are imposed a commission for services rendered. The rate depends on the volume of trades transacted.

Customer Support
One of FXTM’s strong points is their exceptional customer service. Apart from having multi-lingual support staffs to assist traders with their problems, their personal accounts managers are also multi-lingual. Their services make one feel as if you are the only trader that they are attending to. Help is always available on hand through email, live chat, Skype or the telephone.

Reliability
Based in Cyprus, ForexTime (FXTM) is a regulated broker under the Cyprus Securities Exchange Commission (CYSEC) with the license number: 185/12. As a regulated entity under CYSEC, this mean FXTM is MiFID compliant and is authorized to accept clients from all EEA countries. In addition, FXTM is also a registered entity with the British FCA. by adhering to proper regulatory requirements, FXTM is able to offer their traders the peace of mind when trading.

Conclusion
In summary, FXTM does seem to offer its traders one of the best trading environment that they can hope for. The support team are dedicated and are determined to render in any way possible to assist traders with any problems that they have. In addition, the management team should also be commended for their continued efforts to provide traders with new promotions and attractive prizes. Regardless whether one is a novice or experienced trader, FXTM makes everybody feel special.

 

Visit ForexTime

 

Dr.Trader

Review comments (1)

Fuad
ForexTime Broker 93.2

I’m working with this broker as an IB-partner. i always get my commissions in time, and if there are any questions from me or from my clients, they reply via Live-chat professionally. if there is a problem on their side they compensate it… I have never waited for an answer more than 2 minutes from their support!

Plusses
  • chat support very good.
  • timely payments.
Minors
  • Low spreads only applicable for certain majors.
Posted on September 11, 2014 5:59 pm

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