Review of ForexTime Broker

ForexTime Broker Review

ForexTime (FXTM) is a Forex and CFD broker from Europe which allows trading with Forex, precious metals and Contracts For Difference based on indices, stocks and commodities. This company offers a variety of services, including ECN execution, access to many markets, modern trading platforms, solutions of Forex automated trading and more.

It was founded in 2014 and has its headquarters located in Cyprus and customer service centers in several countries, including France, Spain and the United Kingdom among others. It is currently regulated and registered with several financial services regulators such as CySEC, for example.


Type of broker

FXTM is a ECN/STP Forex&CFD broker. This means that the transactions of its clients are executed quickly and with low and variable spreads through the ECN network to which the company belongs (it offers access to the main liquidity providers of the company). This also means that there are no conflicts of interest between the broker and the clients in their trades.


Regulation

Currently, ForexTime broker offers its services through two companies that have a different location and are under different regulations:

  • FT Global Limited is regulated by the IFSC of Belize, with license numbers IFSC/60/345/TS and IFSC/60/345/APM.
  • ForexTime Limited is regulated by CySEC of Cyprus (license number 181/12), and is also registered with the FCA with the registration number 600475.

Country of origin

The headquarters of this company are located in Cyprus.


Trading Instruments

FXTM clients have the possibility to operate with the following instruments:

  • Forex Market: More than 60 currency pairs in the Forex spot market, including the main pairs such as the EUR/USD, GBP/USD, USD /JPY and USD/CHF and other more exotic and lesser-known pairs such as the USD/ZAR, USD/HKD and USD/NOK among others. Regarding the trading conditions for the Forex market, FXTM offers a maximum leverage of 1:1000, a minimum transaction size of 0.01 lots and fixed and variable spreads quite low from 0.1 pips onwards for the main pairs (depending on the account type selected by the trader).
  • Precious metals: Gold and silver in the spot market (against the US dollar), two of the most important commodities in the market.
  • Contracts for Difference: CFDs based on the following underlying instruments:
    • Stocks: More than 180 shares of the main stock markets worldwide, including the US, European and Asian markets.
    • Commodities: 7 commodities futures contracts, including precious metals (gold and silver), energy commodities (WTI and Brent oil) and agricultural commodities (corn, wheat and soybeans).
    • Stock indices: 7 of the main market indexes futures, including the S&P 500, FTSE 100 and DAX 30 among others.
    • Exchange Traded Funds (ETF): Standard & Poor’s Depositary Receipts and iShares FTSE / Xinhua China Index 25, two of the most popular and traded ETFs currently.

-Note: Trading conditions for the CFDs depend on the underlying asset and the market conditions at the time of trading.


Trading Accounts​

FXTM offers its clients several types of trading accounts with different characteristics, designed for clients with different profiles. These characteristics are detailed in the following table:

ECN Trading accounts

Account typeECN AccountECN Zero AccountECN MT5 AccountStrategy AccountFXTM Pro Account
Minimum deposit (USD)50020050010025000
Account currenciesEUR/USD/GBPEUR/USD/GBPEUR/USD/GBPEUR/USD/GBPEUR/USD/GBP
Trading instruments-48 Forex currency pairs.

-5 spot metals.

-48 Forex currency pairs.

-5 spot metals.

-34 Forex currency pairs.

-2 spot metals.

-52 Forex currency pairs.

-5 spot metals.

-44 Forex currency pairs.

-2 spot metals.

Execution typeMarket executionMarket executionMarket executionMarket executionMarket execution
Spreads (Forex)Variable spreads from 0.1 pips.Variable spreads from 0.5 pips.Variable spreads from 0.2 pips.Variable spreads from 0.3 pips.Variable spreads from 0.0 pips.
Leverage1:25-1:5001:25-1:10001:25-1:5001:200 (fijo)1:25-1:200
Price quotes (FX and metals)-5 decimals in Forex (3 in the pairs of the jpy)

-2 decimals in precious metals

-5 decimals in Forex (3 in the pairs of the jpy)

-2 decimals in precious metals

-5 decimals in Forex (3 in the pairs of the jpy)

-2 decimals in precious metals

-5 decimals in Forex (3 in the pairs of the jpy)

-2 decimals in precious metals

-5 decimals in Forex (3 in the pairs of the jpy)

-2 decimals in precious metals

Minimum lot size0.01 lots0.01 lots0.01 lots0.01 lots0.01 lots
Maximum number of ordersNo limitsNo limitsNo limits100No limits
Maximum volume per trade (lots)100100100100100
Commissions$2 for traded lotNo$2 for traded lotNoNo

-FXTM Pro trading accounts offer institutional-level spreads from 0.0 pips onwards for the main pairs. In these accounts the trader has direct access to the broker’s liquidity providers.

-In these accounts are allowed scalping operations.

Standard trading accounts (Market Maker execution)

Account typeStandard AccountCent AccountShares Account
Minimum deposit (USD)1005100
Account currenciesEUR/USD/GBPEUR/USD/GBPEUR/USD/GBP
Trading instruments-57 Forex currency pairs.

-5 spot metals.

-CFD on stocks

-CFD on ETF

-CFD on commodity futures

-CFD on stock index futures

-25 Forex currency pairs.

-2 spot metals.

-CFD of shares (+ of 180 shares)
Execution typeInstant executionInstant executionInstant execution
Spreads (Forex)From 1.3 pipsDesde 1.5 pips From 0.1 pips (for stock CFDs)
Leverage1:25-1:1000Forex – 1:25 to 1:1000

Metals – 1:25 to 1:500

Required margin from 3% to 10% (depending on the stock)
Price quotes (FX and metals)-5 decimals in Forex (3 in the pairs of the jpy)

-2 decimals in precious metals

-5 decimals in Forex (3 in the pairs of the jpy)

-2 decimals in precious metals

-2 decimals for stock CFDs
Minimum lot size0.01 lots0.0001 lots0.01 lots
Maximum number of orders100300100
Maximum volume per trade (lots)301 (or 100 lots in cents)10
CommissionsNoNoNo

-In the Share Account, clients can only trade CFDs.

-These accounts do not allow scalping trades.

-In the Cent Accounts the transaction volumes are measured in lots, mini lots and micro lots of cents (1 lot of cents = 1 standard micro lot).

-No commissions are charged in these trading accounts, the profits of the broker come from the spread.


Demo Accounts

It offers a demo account with no limit of time.


Trading Platforms

The trading platforms of Forextime broker are the following:

  • Metatrader 4: This downloadable application is one of the most complete and used trading platforms in the Forex market for retail traders. Metatrader 4 includes many trading features like updated quotes, advanced prices charts with multiple time frames (1 minute to 1 month), dozens of technical indicators, updated news, various types of orders and many other. One of its main advantages is that it allows the creation, evaluation and implementation of automated trading systems called Expert Advisors which are based on technical analysis. FXTM offers two versions of this platform:
    • ECN MT4: A platform for ECN operations that offers market execution and low and variable spreads from 0.1 pips onwards. Operates based on NDD / STP technology.
    • Standard MT4: It is the standard version of MT4, which offers instantaneous execution (market maker execution type) with spreads from 1.2 pips onwards.
  • MT4 Webtrader: It is an online platform (web-based) that requires no download or installation. Through this application, the trader can access the markets from anywhere with an Internet connection, which gives the trader more flexibility in their trades. Webtrader is fully integrated with MT4 and is designed with a variety of trading tools such as updated quotes, features for positions management, price charts of various types, and technical indicators among others.
  • Metatrader 5: This platform is the new version of the Metatrader trading terminal. It offers the same tools and advantages as Metatrader 4, but includes a number of additional functions, including 79 built-in technical indicators, additional time frames (customizable time frames), Level II quotes, NDD/STP execution, more types of trading orders (including “Fill or Kill” and “Immediate or Cancel“) and access to a wider variety of markets. It is designed based on the MQL5 programming language (an improved version of MQL4) and allows to trade directly with the broker’s liquidity providers through ECN and STP technology.
  • MT4 and MT5 for Mac: FXTM also offers versions of the Metatrader 4 and Metatrader 5 platforms for Mac computers.
  • Platforms for mobile devices: The clients of this broker can access several applications based on MT4 and MT5 which are designed to access the trader’s account and trade in any market offered by FXTM from mobile devices such as smartphones (Android & iOS) and tablets. These platforms have updated quotes, price charts, trade management functions, news and even technical indicators.

ForexTime automated trading solutions

Traders interested in automated trading have access to the following automated trading solutions.

-Metatrader Trading Signals: Through the trading accounts of FXTM and the Metatrader 4 and Metatrader 5 platforms, clients of this broker can access the Metatrader 4 Trading Signals and Metatrader 5 Trading Signals services of MetaQuotes. Through these services, traders can follow and copy in real time the transactions of other traders (signal providers) that operate in the market with these platforms. All copied transactions are executed in the customer’s account using their own capital and through the Metatrader platforms. The MetaQuotes network has thousands of signal providers, many of which are quite profitable.

-PAMM Managed Accounts: It is a service of Forex managed accounts, in which an experienced manager (trader) is responsible for trading in the market (opening and managing transactions) using their own money and that of the investors who placed their funds in these accounts with the goal of obtaining profits. The PAMM accounts of FXTM are an excellent option for those investors who wish to invest in the markets but do not have the experience and/or the time to analyze and trade on their own.

The manager begins by opening the account with his own money and making transactions in the market. He then makes a proposal to attract investors. On the other hand, the investor places his money in the PAMM account in order to obtain profits as time passes and the manager obtains a positive return on his trades. Managers with higher profits attract an increasing number of investors, who have the possibility of obtaining benefits in the markets without performing a single trade on their own.

PAMM accounts offer opportunities for both investors and professional traders. As for trading conditions, they are quite similar to those offered by FXTM’s regular trading accounts, but with certain limitations, in aspects such as trading instruments, leverage and transaction volumes among others.

Minimum Investment: The minimum investment in PAMM managed accounts depends on each account and can be as low as $1.

-FXTM Invest: It is an innovative FXTM solution that allows investors to access the Forex market. Like PAMM accounts, it is a good option for investors who do not have deep knowledge on financial markets. With FXTM Invest, customers of this broker can place their funds with skilled managers to obtain a positive long-term performance. The managers, for their part, get a commission of 20% to 40% of the profits of their investors.

The FXTM Invest system is designed for the investor to place their funds easily and can track their investments easily. It also has advanced tools for risk control and monitor the managers.

Investors have access to managers with different risk levels: aggressive, moderate and conservative.

Minimum Investment: The minimum investment in FXTM Invest is only $200.


Payment Options

The client of this broker has the possibility to deposit and withdraw funds through Bank Wire Transfer and Credit Cards (the most important like VISA and Mastercard), Skrill, Neteller, Payza, OKPay, Webmoney and CashU.

The client can add funds in USD, EUR and GBP.

Main Advantages of ForexTime

  • FXTM is a European broker that is duly regulated by financial services regulators such as the CySEC of Cyprus.
  • On a regular basis, FXTM offers promotions for new and existing customers, including welcome deposit bonuses, trading contests or offers of cashback rebates.
  • It is an ECN/STP broker that offers quick execution of operations and low and variable spreads from 0.1 pips onwards.
  • It offers access to the copy-trading service of MetaQuotes.
  • This broker has a PAMM managed accounts service that offers another way to invest in the markets.
  • Updated news on the markets.
  • Analysis of the markets carried out by experts.
  • Access to a trading signals service and analysis of the markets provided by Trading Central.
  • An economic calendar updated daily.
  • The clients of this broker have access to educational resources about Forex and general trading, including:
    • Webinars and free seminars on the financial markets and trading.
    • Articles and tutorials on the FXTM website.
    • Forex educational videos.
    • An educational center on the markets for all customers.
    • A free glossary of the Forex market.
  • A blog about the markets that includes regular analyzes of the markets carried out by expert analysts of the company.
  • This broker offers the possibility of obtaining additional income through the promotion of its services through the affiliate program FXTMPartners.

Main Offers of FXTM

The main promotions of Forextime broker are:

  • A credit bonus of $30 USD for new clients who open an account with this broker and deposit funds.
  • A cashback promotion which offers $2 for each lot traded in the market. The money obtained through this offer can be withdrawn without restrictions.
  • A bonus of $25 for referring other traders who open an account and deposit funds with FXTM.
  • On a regular basis, this broker offers trading contests for demo or real accounts with prizes for the winners.

Other Categories of this broker

  • Gold Broker.
  • Silver Broker.
  • Oil Broker.
  • Metatrader 4 Broker.
  • CFD Broker.​
CompaniesFT Global Limited  and ForexTime Limited
Minimum account size$5
Minimum lot size0.01 lot.
Maximum Leverage*Up to 1:1000 for Forex.
SpreadsForexTime offers low spreads from 0.1 pips for major currency pairs like the EUR/USD.
Link to the website

FXTM  Website

Open an accountForexTime Forex broker analysis