The Company
FXTM is a broker that truly suits the needs of traders of all skill levels and preferences. Its offering covers more than 240 tradeable instruments, including a number of currency pairs, various CFDs, as well as ctyptocurrencies. Keep in mind that trading CFDs on cryptocurrencies is only available under FT Global Limited. Furthermore, clients of this broker may choose from market and instant execution, MetaTrader 4 and MetaTrader 5 trading platforms, and a wide range of trading accounts. Besides, this client-centric broker created an array of ways to provide its clients with effective trading knowledge and education.
Forex Time (FXTM) was established in 2011 when one of the co-founders of Alpari separated from the Russia-based broker and launched one of his own under the FXTM brand. Since then, the company has opened a number of offices around the world, and is believed to be one of the fastest growing brokers in the industry. The latest of them is FXTM London office which opened its doors in April this year in order to better serve clients in the UK and Europe. ForexTime Limited, doing business as FXTM, is licensed and regulated by some of the most reliable financial watchdogs worldwide - the Cyprus Commodities and Exchange Commission (CySEC) and UK's Financial Conduct Authority (FCA). Bothe governmental agencies require licensed companies to hold at least €730 000 as a proof of financial stability and to keep client funds must be held in segregated accounts and regulated entities are required to report to the Commission on a regular basis.
Furthermore, CySEC and UK’s FCA apply compensation schemes as an additional guarantee to clients’ funds. All CySEC-regulated companies are members of the Investor Compensation Fund, able to provide compensations to a maximum of 20,000 EUR per person in the event of broker insolvency. Clients of FCA-regulated brokers, on the other hand, are insured up to 50 000 GBP each. As both Cyprus and UK are (still) part of the EU, MiFID regulations apply, allowing companies licensed in those countries to operate in all EU Member States. In spite of this, FXTM is officially registered with a number of other EU regulators: Germany’s BaFin, Italy’s CONSOB, France’s AMF, Spain’s CNMV and Norway’s FSAN.
What is more, FXTM (ForexTime Limited) is licensed by the Financial Services Board (FSB) of South Africa as a Financial Services Provider. The broker holds a category 1 license to act as an Intermediary in Securities and Instruments (Shares, Money market instruments, Bonds, Derivative instruments). In line with CySEC proposiotions and ESMA guidelines introduced in 2016, FXTM announced it ensures that losses will never exceed the total available funds in client accounts. Actually, this means that the broker’s clients cannot lose more than they have deposited - a policy also known as negative balance protection.
Company Overview
Company Name
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ForexTime Limited
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Headquarters
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Tassou Papadopoulou 6, Flat / Office 22, Ag. Dometios, 2373, Nicosia, Cyprus
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Website
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Regulation
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IFSC , Cysec , FSB
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Trading Instruments
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Forex , Spot Metal , CFDs , Cryptocurrencies
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Trading Platform
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MT4 , MT5
(desktop , mobile & webtrader)
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Deposit /
Withdrawal
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Visa/Mastercard , Neteller , Skrill , WebMoney , Perfect Money ,
fasaPay , Wire Transfer , Local Transfer
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Bonus
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30% Deposit Bonus , Switch To FXTM , The FXTM Loyalty
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Services
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CashBack , FXTM Trading Signal , Forex VPS Trading
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Customer Service
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Live Chat
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Trading Accounts
Account type
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Minimum deposit
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Minimum trade size
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Maximum leverage
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Spreads (& Commission)
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Execution type
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Cent
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$5
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0.01
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1:500
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from 1.5 pips
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Instant
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Standard
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$100
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0.01
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1:500
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from 1.3 pips
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Instant
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ECN Zero.mt4
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$200
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0.01
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1:500
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from 1.5 pips
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Market
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ECN MT5
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$500
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0.01
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1:500
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from 0.2 pips + $2 / lot*
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Market
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ECN
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$500
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0.01
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1:500
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from 0.1 pips + $2 / lot*
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Market
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PRO
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$25 000
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0.01
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1:500
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from 0 pips
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Market
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* Commission is calculated per standard lot of 100 000 currency base units (per side).
** Leverage depends on the country of residence & knowledge of each Client
** Leverage depends on the country of residence & knowledge of each Client
FXTM offers a wide range of trading accounts, which may be categorized in two groups: Standard (Standard, CENT, and Shares accounts) and ECN (ECN MT4, ECN MT5, ECN ZERO and Pro).
In addition to the ones shown in the table above, there is a special account for trading in CFDs on shares, called Shares account, which is directly connected to NYSE and NASDAQ’s product price listings.
Furthermore, FXTM offers swap-free (Islamic) trading, available on all account types (except the MT5 one) and involve a fee of $ 1.7 per lot. Micro, mini and standard lots are available on all account types.
*Risk Warning: Forex and CFD trading involves significant risk to your invested capital.
