https://www.forextime.com?utm_source=fxeye.com&utm_medium=display&utm_content=fxeye_propage_en_hp&utm_campaign=hp&utm_term=na&utm_blocka=mediabuy
Website
Benchmark
AAA
Average transaction speed (ms)
MT4/5
Full License
ForexTime-ECN-Zero-demo
Influence
AA
Influence index NO.1
Speed:AAA
Slippage:AAA
Cost:AA
Disconnected:C
Rollover:B
MT4/5 Identification
Full License
Influence
AA
Influence index NO.1
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
VPS Region | User | Products | Closing time |
---|---|---|---|
Dubai | 826*** | EURUSD | 12-24 05:00:00 |
Seoul | 238*** | EURUSD | 12-24 05:00:00 |
Taipei | 398*** | EURUSD | 12-24 03:00:00 |
Stop Out
0.70%
Stop Out Symbol Distribution
6 months
Most visited countries/areas
fx-futuo.info
Server Location
Hong Kong
Website Domain Name
fx-futuo.info
Server IP
47.75.96.75
futuo-market.site
Server Location
Hong Kong
Website Domain Name
futuo-market.site
Server IP
47.75.96.75
futuo-finance.link
Server Location
Hong Kong
Website Domain Name
futuo-finance.link
Server IP
47.75.96.75
FXTM | Basic Infromation |
Founded | 2011 |
Registered Country | United Kingdom |
Headquarters | Cyprus, UK, Belize |
Regulation | FCA, FSC (Offshore) |
Trading Instruments | Forex, metals, commodities, stocks, indices, cryptocurrencies |
Demo Account | ✅ |
Leverage | Up to 1:3000 |
Spread | Close to zero on major FX pairs |
Trading Platform | MT4, MT5, mobile trading |
Minimum Deposit | $/€/£200 |
Payment Method | Kenyan/local transfers (local Indian payment methods: UPI and Netbanking, local Nigerian instant bank transfers, equity bank transfer, Ghanaian local transfer, Africa local solutions, M-Pesa, FasaPay, TC Pay Wallet), credit cards (Visa, MasterCard, Maestro, Google Pay), e-wallets (GlobePay, Skrill PayRedeem, Perfect Money, Neteller), bank wire transfer |
Customer Support | 24/5 - live chat, contact form, Telegram, WhatsApp, phone, Help Center |
Regional Restrictions | USA, Mauritius, Japan, Canada, Haiti, Iran, Suriname, the Democratic People's Republic of Korea, Puerto Rico, the Occupied Area of Cyprus, Quebec, Iraq, Syria, Cuba, Belarus, Myanmar, Russia and India |
FXTM, or Forex Time, is a global forex and CFD broker founded in 2011. The company is headquartered in Cyprus and is regulated by the Financial Conduct Authority (FCA) in the UK and the Financial Services Commission (FSC) in Mauritius. FXTM offers a variety of trading instruments, including forex, metals, commodities, stocks, indices, cryptocurrencies. In terms of trading fees, FXTM offers variable spreads on most of its instruments, with spreads close to 0 pips.
FXTM also offers multiple choices of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are available in desktop, web, and mobile versions, which allows traders to trade on the go and from anywhere in the world.
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FXTM operates under a strong regulatory frame, and it has several entities that are regulated in different jurisdictions:
Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
FCA | Exinity UK Ltd | Straight Through Processing (STP) | 777911 | Regulated | |
FSC | EXINITY LIMITED | Retail Forex License | C113012295 | Offshore regulated |
FXTM offers over varioustradable instruments, covering forex, metals, commodities, stocks, indices, cryptocurrencies. However, this broker does not currently support trading on futures, options, and ETFs.
Tradable Assets | Supported |
Forex | ✔ |
Stocks | ✔ |
Indices | ✔ |
Precious Metals | ✔ |
Commodities | ✔ |
Cryptocurrencies | ✔ |
Futures | ❌ |
Options | ❌ |
ETFs | ❌ |
FXTM offers three different types of trading accounts, which are the Advantage account, the Advantage Plus, and the Advantage Stocksaccount. All accounts require a minimum deposit requirement of 200. Each account type has its own unique features and benefits, such as different spreads, commissions, and trading instruments.
FXTM offers demo accounts for all its account types. These demo accounts allow traders to test their trading strategies in a risk-free environment using virtual funds. Demo accounts are also useful for new traders who want to learn how to trade before committing real money to live trading.
FXTM offers leverage of up to 1:3000. It's recommended to use leverage wisely and only trade with funds you can afford to lose.
For the Advantage account, the spreads start from 0.0 pips, and $3.5 per lot traded on FX is charged. For the Advantage Plus account, the spreads start from 1.5 pips, but no commission. For the Advantage Stocks account, the spreads start from 6 cents, but no commission.
The spreads offered by FXTM are typically lower than those offered by many other brokers in the industry, particularly on the Advantage account. The Advantage Plus account, however, has slightly higher spreads, which is to be expected due to no commissions.
Account Type | Spread | Commission |
Advantage | From 0.0 pips | $3.5 per lot traded on FX |
Advantage Plus | From 1.5 pips | ❌ |
Advantage Stocks | From 6 cents | ❌ |
FXTM offers three chocies of trading platforms, including the popular MetaTrader 4 and 5 platforms, as well as their proprietary mobile trading app.
FXTM Invest is an advanced copy trading feature offered by FXTM, designed to make trading accessible to investors of all experience levels. With a low entry threshold of just $100, this platform allows users to automatically replicate the trades of experienced Strategy Managers. FXTM Invest stands out for its attractive pricing model, offering zero spreads on major FX pairs and a performance-based fee structure where investors only pay when their chosen Strategy Manager generates profits.
The process of getting started with FXTM Invest is streamlined into five simple steps: signing up or logging in to MyFXTM, selecting a Strategy Manager, opening an Invest account, making a deposit, and then watching as the system automatically copies your chosen manager's trades. This user-friendly approach, combined with the ability to maintain full control over your funds, makes FXTM Invest an appealing option for those looking to tap into the forex market with the guidance of seasoned professionals.
FXTM offers a variety of deposit and withdrawal options for its clients. Traders can deposit funds into their trading account using Kenyan/local transfers (local Indian payment methods: UPI and Netbanking, local Nigerian instant bank transfers, equity bank transfer, Ghanaian local transfer, Africa local solutions, M-Pesa, FasaPay, TC Pay Wallet), credit cards (Visa, MasterCard, Maestro, Google Pay), e-wallets (GlobePay, Skrill PayRedeem, Perfect Money, Neteller), and bank wire transfer.
FXTM charges a flat $3 transaction fee for any deposit or withdrawal less than $30 or equivalent, but no fees applied to deposits or withdrawals equal to $30 (or equivalent) or more.
FXTM is known for providing excellent customer support to its clients, including live chat, contact form, Telegram, WhatsApp, and phone. The customer support team is available 24/5 and is multilingual, which means clients can communicate with them in their preferred language.
FXTM also provides an extensive Help Center section on their website that covers various topics, such as account opening, deposit and withdrawal methods, trading platforms, and more. This section is helpful for clients who prefer to find answers to their questions without contacting the support team.
FXTM offers various educational resources including glossary, market analysis and guides. Besides, their educational resoucres are friendly both for beginners and professionals. For example, trading basics are suitable for beginners who want to learn some basics, while advanced guides are more suitable for traders who are experienced.
To sum up, FXTM is a well-regulated and respected forex broker with a wide range of market instruments, competitive trading conditions, and user-friendly trading platforms. They offer various account types without minimum deposit requirement and high leverage. FXTM's customer support is also responsive and helpful, and their educational resources are very useful for both novice and experienced traders.
Is FXTM legit?
Yes, FXTM is regulated by FCA and FSC (Offshore).
What trading instruments are available on FXTM?
FXTM offers a range of trading instruments including forex, metals, commodities, stocks, indices, cryptocurrencies.
What is the minimum deposit required to open an account on FXTM?
$/€/£200.
What trading platforms are available on FXTM?
FXTM offers three chocies of trading platforms including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as mobile trading.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.
Review 【今日汇市】12月18日交易策略
技术策略:美元/加元 (USD/CAD) –惨遭利空重重围困,加元刷新疫后低点日线图看,因遭特朗普关税,通胀汇率助长降息预期,以及政Z动荡等因素重重围困,加元创出疫情来的4年多新低。走势看,美加加速上破11月来宽幅震荡升势上轨,呈现超强攻势。后续阻力需追溯到2020年3月31日反弹高点1.4350,随后料1.4400整数关预计也有一定抛压。下一中短期目标瞄准2022-23年跌势的1.618倍映射位
2024-12-18 11:40
News Broker Review: What is FXTM exactly? Is FXTM a Scam?
FXTM is a global forex broker founded in 2011. In today’s article, we are going to show you what FXTM looks like in 2024.
2024-11-22 15:41
Exposure NBI PH Rescues 84 Filipinos from Alleged Forex Trading Scam in Pampanga
NBI Philippines rescues 84 Filipinos in Pampanga, from a scam hub posing as a BPO allegedly involved in FXTM USDT Forex Trading. Authorities target cybercrime violations in the Philippines.
2024-09-25 17:03
News FXTM launched the first Olympic Trading Competition
FXTM Launches the First Olympic Trading Competition: Battle for the Trading Throne!
2024-08-21 17:34
Exposure CySEC Revokes FXTM's CIF License After Voluntary Renunciation
CySEC withdraws FXTM's CIF license following the company's voluntary renunciation, marking a significant exit from the EU market for the trading firm.
2024-05-27 13:43
Exposure This Broker is Providing Services in India against RBI Warning
"FXTM is providing services to clients in India against an RBI warning." a user from India filed a complaint against FXTM dated January 6, 2024 On Wikfx,.
2024-01-09 18:07
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FX3495737278
United States
I deposited through cryptocurrency but did not receive the funds in my account, and customer service did not respond.
Exposure
12-07
FX3221069426
Malaysia
MyFXTM ID: 64662843A total of USD13400 was stolen & fee USD402 inactive fee was charged from my FXTM account on 27.06.2024.The withdrawal was processed under very suspicious activity for the reasons below,1. The password was changed on 27 June, 7:54 pm MYT and a withdrawn was processed 3 minutes after without confirmation.2. The withdrawal was requested to a different address and method from previous deposit/withdrawal (TRX as suppose to USDT).3. The hefty inactive fee could have been easily avoided by trading in small volumes (0.01 lots)I have contact FXTM right after the incident, they have just replied refusing to bear responsibility,QUOTEUpon investigation, we have determined that these breaches were not the result of any internal breach within our company. It appears that compromised client credentials, potentially through sharing login details with third parties or insufficient safeguarding of credentials, have contributed to these incidents and unauthorized withdrawals.According to section 32 of the Client Agreement, clients are obligated to notify us immediately if they know or suspect that their Access Data has or may have been disclosed to any third person, clients agree to co-operate with any investigation FXTM may conduct into any misuse of their Access Data.As such, we want to emphasize the following points regarding your account security and our response to this incident:Liability Clarification: The company does not bear responsibility for losses resulting from unauthorized access due to compromised credentials. Clients are solely accountable for the security and confidentiality of their login detailsEND QUOTEFirstly, I would like to point out that FXTM's ticket has been directed to my old email despite having changed my email address - FXTM's security system is far from satisfactory.Furthermore, FXTM claims that the breach was due to my compromised credential without proof that it is not a security breach or inside job from FXTM's side. I have never shared my FXTM/email credentials with anyone nor is it accessible to anyone but myself.In all of FXTM's online review responses, "Always remember that FXTM is on your side" is mentioned. I expect to be fully compensated and that FXTM does not push the blame to the client's side.I will be escalating the issue to the Financial Services Commission - Mauritius.This money is life changing to me, I did not expect such a large brokerage to have such poor security measure and refuse to take responsibility for it. I advise anyone who cares about their funds to not deposit funds under such terrible security measures.
Exposure
07-10
FX2865592884
Malaysia
After investing, I was threatened and I couldn't withdraw. And they even said that they wouldn't pay commissions after I made money. Then the Liar so-called "Cheng" gave us a push a Secretary "Lisa" to solve our withdrawal problem and a lot of nonsense. Be careful not to be fooled by him.
Exposure
04-03
john775
United States
On the afternoon of March 5, 2023, I suddenly received 5 text message reminders that the withdrawal was successful. I thought it was a joke, so I went to the toilet with a smile. Thinking that something was wrong, I quickly logged in to the account. All the funds in the account were suddenly transferred to Fu. I opened my USD wallet and was withdrawing money like crazy. I quickly changed my password and I was still withdrawing money during the modification process. Since I didn’t leave the account manager’s phone number at that time, all the previous manual customer pages of FXTO turned into robots, turning me into a robot. I was so anxious that I could only send an email to the official to stop my withdrawal. My total account balance was about 53,000USD. 1,700USD was transferred out to 1,500 USD from the first account, and 46,000USD was transferred out from the second account, which was about 52,000USD. I held a position margin. It was not enough to close the position. I took 15,000USD from the virtual currency channel of the wallet, leaving more than 30,000 USD. The withdrawal was completed very quickly in more than ten minutes. My wallet address was bound and verified, but the 15,000USD withdrew did not arrive in my account. Wallet, I quickly took out the remaining amount through the bound bank card. Futuo is too unsafe. The platform even withdraws funds without personal verification and cannot guarantee the safety of funds. The final reply from customer service said that my email information was leaked to ensure that third parties cannot access my email. The key problem is that Futuo did not make any The verification code will not be sent to the email address, so what is the use of accessing my email address. This led to my debt crisis, with a total loss of over 20,000USD
Exposure
03-18
Lovecpm
United States
It has been impossible to withdraw funds since December, and the handling fees deducted when withdrawing funds will not be returned. The reasons used include incomplete information, wrong bank information, unaccounted handling fees, in short, various reasons for not withdrawing funds. To put it bluntly, I just want to keep delaying until all the idle and withdrawal fees are deducted! This is a scam platform! Don't be fooled!
Exposure
01-24
Sancho Roy
India
ForexTime's blatant disregard for Indian legalities is appalling. Despite being deemed illegal in India, they persist in servicing Indian clients, jeopardizing their safety. I've lodged a complaint with the Ombudsman of Mauritius, urging swift action to suspend their FSC Mauritius license unless they cease Indian operations immediately. This unethical conduct must not go unnoticed; I urge everyone to think twice before engaging with Forextime. Is offering services in a banned country ethical or unethical? It's unequivocally unethical. Explicitly stating non-compliance with Indian laws on their reply to my email while profiting from Indian residents is audacious . Anyone can check the official website of the Reserve Bank of India to verify it's illegal status. My account closure is a result of my complaint against Forextime to the Financial Services Commission, Mauritius. They engage in illicit practices by accepting deposits through local Indian banks, a clear violation amounting to money laundering. Registering with them poses a significant risk, as they might shut down at any time, leading to the loss of your funds. It's highly requested to not sign up and fall for a dubious platform.
Exposure
01-06
12584612
United Arab Emirates
This is a very sinister boss. This broker has fallen by more than 100 points, and they deducted IB's rebate. I brought them 4 big clients, don’t work with them, don’t trade with this broker, don’t bring them clients, they are a bunch of scammers, this is my account manager, I want to expose everything about them
Exposure
2023-11-13
Erkek5036
Turkey
I have deposited money into my account. They have NOT ENTERED a BONUS. And when I want to withdraw my money without trading, they suggest that my account has not been approved. Even though I have sent all my documents for 15 days, there has still been no approval.
Exposure
2023-09-06
12584612
United Arab Emirates
This is a scammer company, their trading account has slipped by more than 100 points and they do not give IB rebates. I brought four clients who closed my IB account and wiped out all commissions. My loss is $10000. Don't trade with them, you will suffer heavy losses and cannot make a profit.
Exposure
2023-08-14
ahmad6034
Palestine
I withdrew balance to cryptocurrencies and the scheduled time is one hour from 00:55 pm, but until now no balance has arrived.
Exposure
2023-07-15
Pretty 726
South Africa
Can’t trade, withdraw or transfer within Accs
Exposure
2023-07-11
FX1638126166
Malaysia
There is no such situation on other platforms. The shutdown situation began to appear last week, and it is still the same after two weeks?
Exposure
2023-07-05
Wajahat.qd
Pakistan
send now i los my everything for this orgnization pliz someone help me i want my this withdrwal
Exposure
2023-04-01
ELBAHI
Libya
A fraud occurred with me from an fxtm trading company. I was induced to pay $6,300, and we started trading for more than a month, until the amount reached 36,893. When I asked to withdraw $5,000, I started The problems. The so-called Dr. Ali Saleh withdrew the full amount and changed the username and password....
Exposure
2022-10-15
Michael -大道至减
Kenya
After the loss of 4,683 US dollars, the platform deleted the RMB deposit link, resulting in the inability to deposit funds through online banking. The amount of loss in transaction record data is changed to withdrawal. Background management lacks realistic results, resulting in inability to correctly count the specific circumstances of losses.
Exposure
2022-07-07
Kinoko
Japan
Deny the withdrawal for various reasons before. The attitude of customer service is extremely perfunctory. The withdrawal request suddenly passed in 26th, but cannot receive the fund for a long time
Exposure
2022-04-28
Kinoko
Japan
I was induced to deposit money step by step before. Now 75% of the account balance is my principal, but it said that I need to pay 50% of the account balance as personal income tax to resume the withdrawal business. I consulted professionals in Japan and told me such a requirement is unreasonable. I really have no money. I have borrowed 940,000 yen from a friend for the platform anniversary event and illegal payment. Now my friend has no money to lend me any more to pay taxes. I hope the platform can help me get an explanation.
Exposure
2022-04-24
Kinoko
Japan
Picture[1] On April 9th, a friend told me that the business had an anniversary event and asked me to contact customer service to see if I had the right to participate, so I was confused and passively participated. Figure [2] On April 10th, the first application for withdrawal of funds failed. The customer service refused to withdraw funds on the grounds that the anniversary activities were not completed, and said that the activities that were not completed within the specified time would be handed over to the judicial department and reported for levy letter. Figure [3] On April 11th, I borrowed money from a friend. Due to the transfer limit, I made a deposit of 320,000 yen and completed 50% of the progress of the activity. Figure [4] The platform could not be accessed on April 12th and 13th, the official statement is system maintenance and upgrade; on April 14th, the deposit of 331,000 yen was completed to complete the anniversary event. Figure [5] On April 14th, the second withdrawal failed. The customer service asked me to pay 20% of the account balance as the violation fee on the grounds that my account maliciously attacked the platform system data and caused a high profit violation, otherwise the account will be frozen. On April 15th, deposit 342,500 yen as a deposit. Figure [6] On April 17th, the deposit arrived. Figure [7] From April 18th to 22nd, I contacted customer service about the withdrawal of funds, and I have been inquiring all the time, but there is no result; I later informed that the profit part needs to pay 50% of the account balance as personal income tax before the withdrawal can be resumed. business. Figure [8] On April 24th, the illegal payment was refunded to the account. Figure [9] On April 24, it was found that the account main body of the old version was inconsistent with the account main body of the new version. I asked customer service, the customer service explained it, and sent an email to Exness's official mailbox for verification, but no reply was received.
Exposure
2022-04-24
PR3M4N
Indonesia
Be Aware ! especially for asian people. you cannot depo using bank transfer and fxtm force you to use visa/master debit/credit card. When you try to wd, your payment option will not available, and they ask for bank statement that include your car with transaction to fxtm which will not available if you use visa debit. STAY AWAY FROM THIS BROKER !!
Exposure
2021-12-24
FX3417794782
Singapore
Do not trust this platform http://www.fxtmvip.com/. You cannot withdraw from them
Exposure
2021-12-08