Home Uncategorized FXTM Review 2021: Is Forextime legit or scam broker( Minimum Deposit)

FXTM Review 2021: Is Forextime legit or scam broker( Minimum Deposit)

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forextime

Welcome back guys, This is going to be an awesome 2021 review about Forextime also known as FXTM.

A lot will be covered in this review. Maybe they are legit brokers, if they are, how to sign up, and all you need to know about FXTM

But before starting, let talk about FXTM itself

About FXTM

FXTM or ForexTime Ltd is a global CFD and FX broker founded in 2011

Exinity Limited obtained its FSC Licence in November 2013.

‘Forextime Ltd, Forextime UK Ltd, and Exinity Limited are the three entities under the FXTM brand. All entities are licensed and regulated in multiple jurisdictions around the world and offer corresponding products and services.’ FXTM.COM

They have headquarters in Cyprus

Over 10 years later FXTM has grown to offer retail investors Forex trading, Cryptocurrency trading, Indices trading, Stocks trading, Commodities trading, ETFs trading, and CFD trading.

Forex trading, in general, is not just all about trading but also knowing the best, reliable and capable broker platform.

Knowing that your broker is reliable and not fake is also a key feature in trading not to lose your investment.

Also working with a profitable and helpful broker is something to watch before you go deep into forex trading.

You need to read this full debt review about forex time (FXTM) if you want to invest in forex trading

Let quickly talk about forextime regulation, licensing to know how safe your fund is with them

FXTM Regulation, Licensing in more detail Safety of Funds

Forextime is well regulated, licensed, and safe

FXTM is regulated in all the 3 tiers which means they are fully regulated

Forextime is regulated: ‘FXTM is a registered brand name of Exinity Limited, regulated by the Financial Services Commission of Mauritius with license number C113012295.’ – forextime.com

They are regulated by CySEC, FCA and FSCA

ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF with license number 185/12

ForexTime UK Limited (www.forextime.com/uk) is authorized and regulated by the Financial Conduct Authority license number 777911

Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius with license number C113012295

From fxtm.com ”

FXTM brand is authorized and regulated in various jurisdictions.

ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614. The company is also registered with the Financial Conduct Authority of the UK with number 600475.

ForexTime (www.forextime.com/uk) is authorized and regulated by the Financial Conduct Authority with license number 777911.

Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number C113012295.

Card transactions are processed via FT Global Services Ltd, Reg No. HE 335426 and registered address at Ioannis Stylianou, 6, Floor 2, Flat 202 2003, Nicosia, Cyprus, and via Exinity Services Ltd, Reg No. HE 400404 and registered address at Agiou Georgiou Makri, 64, Anna Maria Lena Court, Flat 201, 6037, Larnaca, Cyprus. Address for cardholder correspondence: [email protected] Business location address: FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus.

Exinity Limited is a member of the Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market. ”


Financial Sector Conduct Authority (FSCA) of South Africa FSP No. 46614

They segregated client funds

‘Clients’ funds are segregated completely from the operational funds of the company and kept in various banking institutions. Exinity Limited will not use Customers’ funds in its operation or any other investment, ensuring their protection at all times.’ -fxtm.com

With all these regulations, licensing, and protection of funds they also collected several awards.

Let look into the awards

FXTM Awards

Forextime won a lot of awards and a lot of positive feedback of over 90% from millions of active users

They are the most mentioned and noticeable over 10 years of operating in the forex trading

Not to talk of 4 worlds best in just 2020

Best Trading Experience 2020 World Finance
Best ECN Broker 2020
Best Forex Broker in Nigeria 2020
Best Education Provider 2020

but with this hype does forextime really educate their traders?

let talk about Trading Instruments, education, and Copy Trading

Trading Instruments, education and Copy Trading in FXTM

Trading instrument

  • With Forextime you can trade over 250 financial instruments
  • You can trade forext(Major, minor and exotic pairs such as USD/NOK), CFDs on spot metals (including gold and silver)
  • Share CFDs( including Apple, Amazon, Microsoft, and Alibaba)
  • CFDs on commodity futures( including UK Brent, US Crude and US Natural Gas)
  • as well as CFDs on cryptocurrencies though now on hold as at moment 2021 (such as Bitcoin, Ethereum, Litecoin, and Ripple) all from MT4/MT5.

Eduucation

They already won the award on the best education provider in forex trading 2020.

From your dashboard, you already have seminar, ebook, and webinars options in the education section

As a forex trader you need to know what you are doing so you will not lose your investment

From new or starter trader to professional trader forext have the most structured and helpful education when it comes to forex trading

They host free educational events in various cities in the world on a regular basis

They support traders with materials and researches on how to get started and how to keep growing

They have lots and lots of webinars, trading tools, platform tutorials, seminars, research tools, superb glossary, Forex News, Economic Calendar, Market outlooks, and Analyst analysis all always available.

They keep sending you educational and analyses emails regarding the market and tutorials

Lot in your dashboard.

To test traders’ ability they organize Forex Trading Contest. This will boost the mura of traders to learn more and do more.

Copy Trading or invest in FXTM

Should in case you don’t want to learn or face the hassle of learning FXTM lunch invest by FXTM’s Research & Development Department

according to FXTM this is lunched

‘- For Investors to follow suitable strategies and receive a portion of the profits.

 – For Strategy Managers to earn extra by generating profits for their Investors and receiving a profit share (%).’

You can either choose a high-risk system or a scalping system base on your level of risk and execute it in 5 simple steps

You first choose a Strategy Manager then make a deposit, Automatically copy the strategy, then when profit pup in you Cash in and Share a percentage with the Strategy Manager very simple

Before even thinking of opening an account let look into FXTM Bonus & Promos

FXTM Bonus/referral program & Promos

FXTM is even more interesting with their Bonus on referral program of free $50 if you register with a referral link.

If you share your referral link to a friend and he or she use it to register your friend get $50 and you also get $50

With this only you can earn over $10,000

How to get your referral link

It is very easy to get your referral link in 6 steps

1-Login to your MYFXTM area
2- Select promotions and contests from the left-hand side menu
3- Select refer a friend program
4- you will see different windows like download a free e-book or Join invest program, Download MT4, etc…
5- Click on the blue Share button within one of these windows and your link will appear
6- Send it to your friend to be registered through that link

Sign up with our referral link here and get free $ 50

What who you refer need to do for both of you to get the $50

The only attached condition for both of you to get access to the $50 are

from forextime.com

In order to qualify in the promotion and get awarded with a bonus your friend

(Referral) should:
make a minimum deposit requirement (depending on trading account type);

trade 10 standard lots or 1000 lots on Micro account (only closed positions, which have been open for a minimum of 5 minutes shall be considered)

You and your friend will receive a reward amounting USD50 the next Monday.
Please refer to T&Cs for full details about the conditions of this program.

Promotions

They offer a lot and a lot of promotions for existing users.

And also a lot of cashback.

You just need to be visiting the promotion page often

now let talk about how to open an FXTM account

How to open account

Signing up a forextime account is very easy with easy verification steps

You can sign up with a referral link and get free $ 50 or just sign up without the referral link.

But if you need to sign up and get $ 50 just click here to start your sign up for moneymakinkingcrew referral link in 5 steps

Step 1 Click here to sign up

Step two It will take you to the registration page

Step 3 Fill in full details like ( First Name, Last Name, Country, Email, Password)

Step 4 Then click send pin- You will receive pin

Step 5 Input the pin sent, click accept terms and conditions (read it) and click Reister now

Boom! You have registered Now over to the verification part

This is the awesome part! At this point, FXTM customer service will start calling just to help you finish your registration

But you can do it very simply.

Just login your dashboard and over to documents and click a profile

Upload your Identity Card and you are good to go. You can also upload proof of address like utility bill/receipt

Your account will be fully approved in no time then you are good to go to open a trading account type you want and all info already available for education on forex trading and you will also be awarded an account manager

What next to do after successful registration?

Then you need to just open trading account types in just 1 click and funding …

FXTM Account Types and Minimum deposit

There are three account types in FOREXTIME right now Micro, Advantage, and Advantage Plus with a different minimum deposit

Micro account type with minimum deposit

Micro account type with instant execution and a minimum deposit of $10

Platform: MT4
Pricing: Zero commission & tight spreads

What you can trade:

  • FX
  • FX Indices
  • Metals
  • Commodities
  • Indices
  • Stock Baskets
  • Stock (MT5 only)
  • Stock CFDs (MT5 only)

Advantage Account Type with minimum deposit

Advantage account type with market execution and $200 minimum deposit on MTK5 but no minimum deposit on MTK4 platform

Platform: MT4 and MT5
Pricing: Commission from $0.40 to $2 based on volume and equity & ultra-tight spreads as low as 0

What you can trade:

  • Metals
  • Stocks (only on MT5)
  • Stocks CFDs (only on MT5)
  • Stock Baskets
  • Indices
  • FX
  • FX Indices
  • Commodities

Advantage Plus Account Type with minimum deposit

Advantage Plus account type with market execution and $200 minimum deposit on both the MTK4 or MTK5 platform

Platform: MT4 and MT5
Pricing: Zero commission & tight spreads

What you can trade:

  • Metals
  • Stocks (only on MT5)
  • Stocks CFDs (only on MT5)
  • Stock Baskets
  • Indices
  • FX
  • FX Indices
  • Commodities
  • Choose your trading platform

You might be wondering what is mtk4 or mtk5 will discuss in the next subheading after discussing how to fund and withdraw from FXTM

How to fund or pay and withdraw from your FXTM account to Bank Account and interner transfers

It is best to able to fund your wallet at the right time when you want to trade and also be able to withdraw your profit or all your money as at when needed and processed as fast enough

FXTM really work on this … Their payment is first as well as funding

Let start with funding methods

How to fund your FXTM account

There are different funding methods to use in funding on Forextime

Log in to your dashboard and over to ‘My Money’

Then click deposit fund

There are a lot of ways and methods to fund your account here ..

  • Like through your local bank
  • using your debit/credit card (VISA, MATERCARD OR Google Pay)
  • bank transfer also( They will give you their cooperate account to transfer to and will confirm and you will receive fund in no time)
  • e-wallets (like skrill, netteller,vload, perfect money, and webmone)
  • using FXTM Pay

Just same way funding so seamless same withdrawing so easy

How to Withdraw Fund from FXTM to your Local Bank Account

Same way login to your dashboard and over to ‘My Money’ Click withdraw funds

Local bank transfer wins it all for me here. They introduce the local bank transfer withdrawal method which is so easy and fast.

these are the ways to withdraw your money from FXTM

  • You can withdraw through local bank
  • You can withdraw through local bank transfer
  • Through Debit or credit card
  • You can also withdraw to your e-wallets (like skrill, netteller,vload, perfect money, and webmone)
  • And throygh FXTM pay

There is internal transfer too. Here you can transfer from one trading account to another

How to perfurm internal transfer on FXTM

Just over to the dashboard and click MY Money then choose internal transfers

Just 3 boxes

Fill where you are transferring from the input amount and also input the account you are transferring to.

And just click confirm and it works instantly

Let quickly talk about trading platforms and spreads

FXTM Trading Platforms

FXTM makes use of popular trading platforms like MetaTrader 4 and MetaTrader 5 and web trading

If you login into your FXTM dashboard and click Myplatforms you will see the option either to download the platform on your smartphone or just use the web trade method on PC

You will see download links to MTK4 and MTK 5 on both iPhone or Andriod on the download page while if you click on the webtrade page you can easily select your trading account type and login and start trading already

let talk of commission and fee charged by FXTM

Trading Fees, commisions and Inactivity Fees

On withdraw and funding your wallet it’s free but on trading spread fee

Low Spread with Advantage Account: FXTM offers a spread of 1.9 pips on average for EUR/USD with the Micro account. But their spread is as low as 0 pips + USD 4.88 commission if you sign up for the Advantage account.

The average spread of 2.1 pips for GBP/USD with a Micro account.

You can check the comparison of account types here on the official website

Inactivity Fees charged on registered brokerage client if the trading account did not buy or sell for a long time you will receive mail on some significant amount charged on your account but if there is a fund in your account you can just opt-in and out when you receive mail.

Frequently Asked Questions you might want to ask FXTM

Is FXTM A Good Legit Broker?

They are good and very legit brokers you need to register an account today.

Can i trade before buy just for testing?

Sure most trading accounts have demo trading same FXTM


Are FXTM safe?

FXTM is safe and good to go your funds are safe and your security is guaranteed


Is FXTM Global?

No, FXTM operates in a lot and a lot of countries.

According to Forextime.com

‘Where is FXTM Services available?

FXTM does not offer its services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, Brazil, New Zealand, and the Occupied Area of Cyprus and Hong Kong.’

If your country is not among the above you can over to forextime.com and register to look maybe you can.

How to contact FXTM


Forexttime has the best Customer Support.

You can contact through LiveChat, email, WhatsApp, Telegram, Facebook, Viber, call and also account manager

This could be helpful here

[email protected]

+44 20 3734 1025

Mon – Fri 24 hours
*GMT+3 during Daylight Saving Time

Exinity Limited, 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius

Conclusion

We have come to the end of the FOrextime(FXTM) REVIEW.

In conclusion, if you are looking into trading forex you need to first look maybe forex time available by trying to register, and if your country phone number is on the list or you successfully register then you are good to go or use the support

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