ForexTime Limited or FXTM is a famous forex broker brand in the world, owned by ForexTime Group, established in 2011. The founder and largest shareholder of FXTM is Mr. Andrey Dashin, a warrior in the foreign exchange industry.

General information

FXTM (abbreviation for ForexTime) is a forex broker and a social trading platform launched in 2011. It was founded by Russian businessman Mr. Andrey Dashin, who is also the founder of financial brand Alpari, with the aim aims to bring the most innovative products and services to the foreign exchange market. FXTM is licensed and regulated by CySEC (Cyprus), FCA (UK), FSCA (South Africa) and IFSC (Belize).

Name	ForexTime
Founded year	2011
Headquarters location	Lamprou Konstantara 35, Kato Polemidia, Cyprus
Official website	https://forextime.com
Contacting methods	– Live Chat – Call phone number +44 203 734 10 25 – Email support@fxtm.com
Trading products	Forex, metals, commodities, crypto stocks
Trading tools	CFD, Forex
Minimum deposit	10$
Leverage	1:2000
Trading platforms	MetaTrader4, MetaTrader 5
Fees	Depends on account type

Pros and cons

Pros

Cons

• Licensed by many of the world's leading financial institutions. • Compensation through the Compensation Fund of the Finance Commission. • Multiple trading instruments including CFDs on stocks, indices and commodities as well as cryptocurrencies. • Their customer support is very diverse, supporting more than 30 languages. • Low commission fees. • Various deposit and withdrawal methods. • Apply many attractive promotions for investors • Fast order matching time, no re-quotes • Free overnight fees for all account types

• There are fees when the account is inactive • Spreads expand strongly when the market fluctuates

Licenses

FXTM is licensed by the following organizations:

• CySEC – Cyprus Securities and Exchange Commission, with CIF license number 185/12.
• FSCA – Financial Sector Conduct Authority in Southern Africa, FSP license number 46614.
• FCA – UK Financial Conduct Authority, license number 600475.
• FSC – Financial Services Commission of the Republic of Mauritius, license number C113012295.
• ForexTime is authorized and regulated by the UK Financial Conduct Authority with license number 777911.
• Card transactions are processed through FT Global Services Ltd with Registration Number HE 335426.

Types of trading accounts

Standard Account

• Standard Account (MT4/MT5) trades 59 FXTM major and minor currency pairs, spot metals and cryptocurrencies, floating leverage from 1:1,000. Tight floating spreads start at 1.3 pips, require a minimum deposit of $100, instant execution, hedging. No commission and SWAP.
• Cent Account (MT4) offers tight floating spreads, instant execution and is available in EUR cents, GB pence, USD cents and NGN kobo. Spreads are wider, starting from 1.5 pips. Minimum deposit only 10 EUR, USD or GBP and cents Lot and no SWAP.
• Shares Accounts also uses MT4, no SWAP and instant execution. Hedging is allowed and commission-free, requiring a minimum deposit of 100 USD. Spreads start at 0.1 pips. Leverage is fixed at 1:10 and this account gives access to over 180 US stocks.

ECN Account

• ECN Zero: limited forex, metals and CFD trading possible. Has higher spreads than standard accounts and can be used to copy trades. Maximum leverage at 1:1000. The minimum deposit is $200 and there is a $2 commission per transaction.
• ECN Account: forex, metals and CFDs, 1:1000 leverage, low commissions from 4 USD and access to copy trading. The minimum deposit is 500 USD. Spreads in the ECN account start at 1.5 pips.
• FXTM Pro: for professional traders, offers high spreads from 0 pips. No commissions on trades, ultra-fast market execution, floating leverage up to 1:200. The minimum deposit is 25,000 USD.

Leverage

FXTM leverage varies depending on each account type and trading product, specifically as follows:

• With a Micro account, the maximum leverage is 1:1000.
• With Advantage and Advantage Plus accounts, the maximum floating leverage is up to 1:2000.
• Spot metal products are 1:500.

Trading platforms

MetaTrader 4/MetaTrader 5

Trading on FXTM's MetaTrader 4/MetaTrader 5, you can access hundreds of assets across different financial markets, including forex, commodities, CFDs, stock indices, etc. This platform is developed by MetaQuotes Software and is loved by the trading community around the world.

Trading product types

• Forex: Includes 60 currency pairs, including major, minor, and exotic currencies. Investors can access the forex market 24/5.
• Metal: Gold and silver are two rare metals being traded by FXTM.
• Stock codes: Provides +125 stock codes from major companies in the world such as: Facebook, Apple, Alibaba, Tencent, etc.
• Goods: Trade with 3 types of commodities: UK Brent Oil, US Crude Oil, US Natural Gas. 
• FX Indicator: With 6 different FX indices, created from the most popular currencies in the world, you can freely choose to invest. Indices you can invest in include AUSTRALIAN dollar index, EUR, GBP, JYP. NZD, USD
• Stocks: Supports CFD trading with spot indices from vibrant stock markets around the world. Some indices such as: GDAX, AUS200, ND100m, UK100, SP500m...
• Stock CFDs: Trade CFDs from US stocks, European stocks
• Stock Baskets: 5 types of Stock Baskets include: Social Media Index, Green Index, Mobile Index, Space War Index, Vegan Index.

Fees

Spread fees

FXTM's current spread fees range from 0.0 to 1.5 depending on the account type. In which, the spread of Micro and Advantage Plus accounts is from 1.5 pips. Particularly for Advantage accounts, it is from 0.0 pip. In addition, this spread also depends on each trading product.

Commission fees

Currently, FXTM only applies commission fees to Advantage accounts. The remaining accounts will be commission free. This is considered an outstanding advantage of FXTM when compared to other forex trading floors in the foreign exchange market today.

• Advantage accounts on MT5 apply a fixed commission of $4 per lot, which does not change based on trading volume, balance and the market you are trading.
• Advantage account on MT4, commission depends on your equity and trading volume. The higher your equity and the larger your trading volume, the lower the commission you pay.

Deposit and withdrawal methods

FXTM offers many deposit and withdrawal options to make the payment process here simple and easy. 

• Bank transfer
• NganLuong
• Visa/ Mastercard/ Maestro card
• E-wallets: Neteller, Skrill, WebMoney, Perfect Money
• Bitcoin….

Customer support

ForexTime supports customer service in 17 different languages, including Vietnamese, so it is extremely convenient for Vietnamese traders. In addition, ForexTime trading platform also supports customers via livechat 24/5 with a team of professional and enthusiastic staff.

Conclusions

FXTM has grown rapidly over the years in the industry thanks to the fact that they provide a transparent, secure trading environment, work to prioritize security for traders, and offer very competitive trading costs. FXTM is also a highly rated ECN broker with a strong focus on educating new traders, customer support and innovation. With a wide selection of account types to satisfy traders of all experience levels, industry-standard trading platforms, multiple international regulators and widespread industry recognition, ForexTime is suitable for both new and experienced traders.