ForexTime (FXTM) Broker Review | UPDATED 2017



Broker ForexTime Ltd (FXTM)
Founded 2011 and Licensed by the Cyprus Securities and Exchange Commission (CySec) in 2012
Company Leadership Andrey Dashin, Founder & Shareholder • Olga Rybalkina, CEO • Sergey Chumarov, CTO • Nicholas Defteras, Deputy CEO
Official Website http://www.forextime.com
Social Profiles LinkedinFacebookTwitterGoogle+InstagramYouTube
Mobile Apps Android DevicesApple Devices
Main Location FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia Limassol, Limassol 4156 Cyprus • Phone: +357 25 55 87 77 • Email: info@forextime.com
UK Office 3rd floor, 5 Lloyds Avenue, London EC3N 3AE • Phone: +44 203 734 2255 • Email: info@forextime.com
Nigeria, Abuja Office 1st floor, Suite 109, Obum Place, Plot 1140, No. 16, Adetokunbo Ademola Crescent, Wuse 2 Abuja, Nigeria • Phone: +234 803 153 4373 • Email: nigeria@forextime.com
Nigeria, Lagos Office 4th floor, 11A Allen Avenue (right beside Mama Cass), Ikeja Lagos, Nigeria • Phone: +234 803 457 3593 • Email: nigeria@forextime.com
Regulated & Licensed by The Cyprus Securities and Exchange Commission (CySec) (license number: 185/12) • ForexTime UK - Financial Conduct Authority (FCA) (registration number: 600475) • The Financial Services Board (FSB) of South Africa (license number: 46614) • Federal Financial Supervisory Authority (BaFiN) of Germany (registration number: 141282) • Commissione Nazionale per le Società e la Borsa (CONSOB) of Italy (registration number: 3674) • Autorité des marchés financiers (AMF/ACPR) of France (registration number: 74495) • Comisión Nacional del Mercado de Valores (CNMV) of Spain (registration number: 3429) • Financial Supervisory Authority of Norway (FSAN) of Norway (registration number: 4485)
Trading Overview FX Majors, Minors, Exotics, Spot Metals (Gold & Silver), CFDs on Commodity Futures & Shares, ETF CFDs, PAMM Program, MT4 / MT5 for PC & Mac, MT4 for Smartphones & Tablets, Live Accounts, Demo Accounts, VPS Hosting, Web Trader, Copy Trading service, Video & Written Tutorials, Webinars, Seminars, Leverage up to 1:1000, Low Spreads from 0.1
Deposit Methods Visa, Mastercard, Maestro, China Union Pay, Skrill, Moneybookers, Alfa-Click, WebMoney, Western Union, Payza, Dotpay, Yandex.Money, QIWI, MyPay, Bank Wire
Minimum Deposit 5 EUR/USD/GBP • 20 PLN • 400 INR • 1000 NGN
Withdrawal Methods Visa, Mastercard, Maestro, FXTM Virtual Mastercard, China Union Pay, Skrill, Moneybookers, WebMoney, Payza, Yandex.Money, QIWI, Bank Wire
Trader Restrictions Residents in the following areas may not register for an account: USA, Japan, British Columbia, Quebec, Saskatchewan and Belgium. More details on their website
Company History ForexTime (FXTM) was founded more than five years ago by Andrey Dashin, who is renowned as an industry innovator having also been the founder of one of the world's most successful brokers, Alpari. ForexTime was established to set a new benchmark in the forex industry by providing the most innovative and revolutionary products and services, and ensuring that clients derive the maximum from their most precious commodity, time. The company is run by an executive team made up of experts who share decades of experience in finance and, specifically, the forex sector. ForexTime has taken a fresh and dynamic approach to forex trading and, as a result, they have seen the company go from strength to strength since their operations launched. "We set out to challenge the market and set a new benchmark for excellence and we are now seeing this dream turning into reality." says Olga Rybalkina, CEO of ForexTime (FXTM)
Mission Statement ForexTime (FXTM) is an award winning international online forex broker headquartered in Limassol, Cyprus, which is a major investment hub located at the crossroads of Europe, Africa and the Middle East. The company founded by Andrey Dashin, a man whose business insight and entrepreneurial mind have established the company as a leader in the industry.
Official Corporate Video
Main Corporate Headquarters (Cyprus)


Review The Broker - ForexTime (FXTM)
by Michael Shealey, Senior Member of ForexWatchDog.us
Here, we will be taking a look at one of the industries leaders in the world of forex trading, ForexTime. ForexTime (or FXTM) offers an easy, efficient, and effective way for clients to learn about, trade, and experience foreign exchange, trading and investing.

What is ForexTime (FXTM)?

ForexTime is a forex trading brand that launched back in 2011 and has since thrived to offer trading conditions unmatched by other forex trading brands. They do this with the use of innovative tools and education techniques designed to give the trader the upper hand. With connections and team members all around the world, ForexTime has grown into a global trademark within a short period of time.

ForexTime claims to center their mission around time, as this is the most valuable thing we have. Investing your time into something useful is the greatest investment you can make. A strong understanding of the fluctuation of the market and a strong desire for business partners, clients, and team members to grow is what leads FXTM to help you invest your time wisely. With a strong understanding of the importance of education, FXTM leads their clients to get the most out of their investment.

What are the values of ForexTime?

Dedication
FXTM is strongly dedicated to the success of every one of their clients, partners, and affiliates. FXTM respects your goals and wants to see you achieve them. Intensive training programs, transparency, and innovative trading platforms show just how dedicated FXTM is to their clients.

Admiration
FXTM has a strong commitment to their clients, employees, and partners that lead them to show respect and admiration for all the hard work that they are putting in. A motivational thinking space is an important value to ForexTime that allows them to motivate and enhance their partners' performance.

Respect
On the deepest level, ForexTime understands that respect is everything. It is one of the core principles of all life events and relationships. ForexTime offers the greatest respect for themselves, their clients, and the community, making them a great partner to work with. Trust, honesty, and constant improvement is all found within the ForexTime community.

Responsibility
ForexTime takes responsibility in protecting the environment, improving the health of millions, attempting to provide better education worldwide, and overall, making the world a better place to live in.

ForexTime Achievements

Over the past 5 years, FXTM has made a surprisingly large impact on the world through worldwide expansion and connections. FXTM has joined forces with the base jumping legend, two-time world champion, and RedBull athlete Valery Rozov due to the mutual value of self-improvement and removal of boundaries.

Through this connection, FXTM hopes to inspire users to raise themselves to new heights. In addition to working with ideological athletes, FXTM has expanded to countries all over the world. Recently, in 2016, ForexTime has expanded to South Africa, United Kingdom, and Pakistan. Another way that FXTM helps their users succeed and expand is with their innovative mobile application. This application leads the industry into a new trading experience to keep up with current technology and trends.

Transparency is always a subject of interest when it comes to investing and foreign exchange. ForexTime offers complete transparency on trading execution, account funding and opening, and statistics in order to give you an honest, empowering experience. All statistics and information offered by Forex Time are checked for validity by PwC before hand.

Interesting Facts and Products from ForexTime

💡 The new and improved MT5 offers an easier way to understand the method of trading, as well as the long-awaited hedging option that users have been asking for.

💡 FXTM shares data and account information with the New York Stock Exchange and Nasdaq Stock Market for the most recent and accurate statistics.

💡 FXTM has recently achieved 400,000 registrations from around the world and offers a variety of different methods of payment for potential investors anywhere on the planet.

💡 FXTM recently partnered with MyPay, adding a new deposit method for clients residing in Thailand.

💡 FXTM-backed BASE jumper Valery Rozov recently broke the world record for the Highest Exit Spot for a BASE jump - 7700 meters!

💡 Recently, the FXTM website received a makeover that provides users with an easier navigation and the ability to access the site in over 17 languages.

Benefits of working with ForexTime

There are numerous benefits you can reap by choosing to trade with ForexTime. If you are a corporate or retail client they have perfectly tailored solutions built just for you. Because ForexTime is a global broker, FXTM takes great pride in their multi-lingual, highly-educated, and supportive team members who are ready to help you in any language. With a great range of powerful trading tools and instruments, you can trade in any market you want to.

There are over 60 pairs of currency and 180 shared CFD's to give you a wide variety of opportunities. Clearly, no matter what kind of trader you are, FXTM has the perfect account for you. The ability to trade from nearly any device in the most competitive trading environments sets you on a path to success. Investment programs are designed to be straightforward for people with any amount of experience and lead to powerful partnerships for all.

If you are someone with minimal or no experience trading on trading, FXTM offers extensive and thorough training programs to give you the greatest experience possible and destroy any barriers that may be in your way.

Education Opportunities

As you are likely aware, ForexTime offers plenty of ways for clients to learn about forex trading including articles, tutorials, glossaries, and webinars. A large majority of these resources are free and easy to find and use online. The free live webinars are conducted by industry leaders who have well earned their place in the industry and know what they are teaching. Furthermore, the helpful glossary is perfect for newbies who have no idea what common forex trading abbreviations and terms stand for. Clearly, ForexTime offers all the education tools required for anyone to get started in trading.

Trading Account Types

To ensure the perfect fitting account for a large variety of users, ForexTime offers 3 different types of standard accounts and 5 different types of ECN accounts. The standard accounts offer different margins, US shares, hedging, and commission options. The ECN accounts offer more advanced trading options for more experienced users.

Trading Platforms

ForexTime offers a variety of trading platforms for desktop computers and mobile devices to offer the easiest and most effective trading experience. Platforms offered include MetaTrader5 and MetaTrader4 which are both available on various mobile devices. MT5 is more tailored for an experienced trader while MT4 offers a more simplistic interface and easy to understand options. Either way, no matter what platform you choose to trade with, ForexTime makes it easy for you to trade from any device.

Investment Opportunities

In addition to trading opportunities, ForexTime offers you the ability to invest with an investment strategy managers at different risk levels. They also offer resources that allow you to learn more about investing. There is an investment terminology bank designed to get investors started as quickly and easily as possible. ForexTime also has an investing program called PAMM investing.

This program is designed for investors who want to grow their portfolio but lack the knowledge, technical skills, or time to do it themselves. All investments will be managed by an FXTM portfolio manager from a licensed department of experts who have the experience and expertise to help you achieve your goals. When entering this program you can decide what your goals are and how much risk you are willing to take. You will then be set up with a portfolio to invest in.

Partner Programs

ForexTime is now proud to announce their partnership and affiliate programs. These programs offer users the resources they need to be placed at an advantage in the forex partnership world. Every program can offer users with new connections and educators to reach mutual goals. There are both affiliate and introducer programs, with the introducer program creating a more personal relationship with the client, designed to help you succeed with the help of others.

What it's like to trade with ForexTime

Overall, trading with ForexTime is a positive and fun experience due to their great customer service, account types, and trading platforms. The FXTM support is easy to contact, supportive and offers great training programs for new users. Even more, the large variety of account types provides the perfect fit for any trader with any amount of experience. The brand is very friendly to inexperienced traders because of their training and account options, so if you are a more experienced trader, that is something to consider. The trading platforms are very efficient and easy to use but also offer more advanced options if you need them.

One feature that we see putting FXTM above the competition is the worldwide expansion and the ability to communicate in over 17 languages. Other than that, ForexTime is a beginner-friendly trading brand that provides transparency, education, and devotion to its users, clients, and partners.


Accounts Overview: (3) Standard • (5) ECN • PAMM


Three Types of Standard Accounts
Standard Account The Standard Account at ForexTime (FXTM) offers traders a wide range of features and perks suitable for all traders, from the most amateur to the most experienced. This account type was the first to offer traders the ability to trade standard lots (hence the name of the account type) and is the longest standing account type in the forex market.

Account Specifications:

• Tight floating spreads
• Floating leverage up to 1:1000
• Instant execution Hedging allowed
• Available in EUR, GBP and USD
• No hidden commissions
• SWAP-free option available
Cent Account As implied by the title, a Cent Account deals with cents. Deposit 5 dollars and your account will have a balance of 500 cents, deposit 10 dollars and they will be reflected as 1000 cents. There are no major differences in the structure of traditional accounts and cent accounts; the main element which distinguishes the two is that regardless of how much money you deposit, your balance will always appear in cents. The Cent Account is available on Standard MT4 accounts and for those wishing to test it out first, a demo version of this account is available.

Account Specifications:

• Tight floating spreads
• Fixed leverage from 1:1000
• Instant execution
• Available in EUR cents, GB pence and USD cents
• Min deposit 5 EUR/USD/GBP
• Cent Lots
• SWAP-free option available
Shares Account Trade Share CFDs exclusively on FXTM's Shares Account. With over 180 shares to choose from, boost your portfolio by taking advantage of their optimal trading conditions, including extremely competitive 1:33 leverage, zero commissions and real-time data straight from the heart of the two largest stock exchanges in the world. FXTM has secured direct liquidity from the renowned NYSE and NASDAQ exchanges. The direct connection from the exchanges means that you will trade with super-fast execution speed and exceptional liquidity, giving you a superior trading experience.

Account Specifications:

• 180+ US shares
• Margin from 3%
• Instant execution
• Hedging allowed
• Available in EUR, GBP and USD
• No commissions
• SWAP-free option available


Five Types of ECN Accounts
ECN Zero Account ForexTime (FXTM) has introduced the ECN Zero Account, an account through which traders can take full advantage of the traditional account type trading minus the commission charges that are usually charged.

Account Specifications:

• No commission
• Tight floating spreads
• Floating leverage up to 1:1000
• Market execution - no re-quotes
• Hedging and Scalping allowed
• Available in EUR, GBP and USD
• SWAP-free option available
ECN Account ECN trading has been a milestone in the modern forex industry due to the transparency, ease and advantages that it entails. With direct access to liquidity providers and automatic matching and execution of orders, it has become the way forward for a vast majority of forex traders around the world.

Account Specifications:

• Spreads from 0.1
• Floating leverage from 1:1000
• Market execution – no re-quotes
• Hedging and Scalping allowed
• Available in EUR, GBP and USD
• Low commission starting from $4
• SWAP-free option available
Strategy Account The Strategy Account gives you access to the powerful opportunities of FXTM Invest. As a Strategy Manager you can showcase your skills and get Investors to subscribe to your strategy. You can charge your subscribers at a rate of your choosing.

Account Specifications:

• Dedicated account page
• Performance-based fees
• No commission
• Fixed leverage 1:200
• Min deposit 100 EUR/USD/GBP
• Tight floating spreads
• Market execution – no re-quotes
FXTM ECN MT5 Account ForexTime (FXTM) has created an array of ECN account types for traders to choose from, one of which is their exclusive ECN MT5 account. You can trade 34 currency pairs and 2 precious metals (gold and silver) on the ECN MT5, using key advanced features such as Level II Data, trading signals and over 79 analytical tools.

Account Specifications:

• Tight floating spreads
• Floating leverage up to 1:1000
• Trading Signals
• Market execution – no re-quotes
• Level II Data
• Available in EUR, GBP and USD
• SWAP-free option available
FXTM Pro Account Ideal for trading professionals, institutional traders and hedge fund managers alike, the FXTM Pro account is designed to satisfy the needs of the most demanding trader. Get the most out of your strategy with the ultimate trading conditions. No commissions, no requotes and no compromises.

Account Specifications:

• Tight spreads from 0 pips
• No commissions
• Ultra-fast Market execution – no requotes
• Floating leverage up to 1:200
• Deep liquidity directly from our tier-1 providers
• No last-look pricing
• SWAP-free option available


ForexTime (FXTM) PAMM Investor Program
About The ForexTime (FXTM) PAMM Program
(Portfolio Asset Management Mechanism)

PAMM Investments are suitable for clients that don't have the time, knowledge or experience to trade the forex markets by themselves. The ForexTime (FXTM) Portfolio Management Department (PMD) will find the most suitable portfolio for you to invest in, taking into consideration your financial goals and needs and allocating your funds to the right portfolio according to your risk profile. You only have to choose your financial goals and the risk you are willing to take and their Portfolio Management Department will arrange a suitable portfolio for you to invest in.

Steps to Becoming a PAMM Investor:

1. Register with FXTM and go to the PAMM Investors section in MyFXTM
2. Take the suitability test to discover your investment profile
3. Wait for approval
4. Fund your Portfolio Management Cash wallet in EUR, USD or GBP
5. The PMD will then invest your money in the appropriate portfolio or create a custom one according to your needs


How Do I Open A ForexTime (FXTM) Account? (click below)




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