FXTM (ForexTime) Review
Launched in 2011, ForexTime or else FXTM is an ECN Forex broker headquartered in Cyprus (EU). ForexTime Limited is regulated by CySEC (License 185/12), ForexTime UK is regulated by FCA UK (License 777911), and Exinity Limited is regulated by FSC (Licence C113012295).
FXTM GENERAL INFORMATION
■ Founded: FXTM was founded in 2011
■ Headquarters: FXTM has offices in Cyprus, UK, and Mauritius
■ US Residents: FXTM does not accept US traders –No-
■ Islamic Accounts: FXTM provide Islamic Accounts (SWAP-Free) –Yes-
■ Regulated: Forextime Limited is regulated by CySEC (No 185/12). Forextime UK Limited is regulated by FCA (License No. 777911). Exinity Limited is regulated by FSC (License No. C113012295) - Check below for more FXTM corporate information
■ Web-Site Languages: FXTM website supports many languages (English, Arabic, Spanish, Russian, Chinese, French, Italian, Korean, Czech, Indonesian, Malay, Persian, Polish, Thai, Urdu, and Vietnamese)
FXTM TRADING INFO SUMMARY
■ Broker Type: ECN (DD/NDD)
■ CFD Trading: -Yes-
■ Platforms: FXTM offer desktop and web platforms based on MetaTrader4 (MT4) and a MetaTrader-5 (MT5)
■ Trading Time Zone: GMT+2
■ Demo Account: FXTM is providing a Demo Account –Yes-
■ Minimum Spread EUR/USD:
- 1.6 pip (Standard account, no commissions)
- 0.1 pip (ECN account, $2/lot commissions)
■ Leverage: Flexible. Leverage is offered by FXTM, based on your country of residence and knowledge & experience.
For Europeans, the leverage 30:1 when trading Forex majors, 20:1 when trading other asset classes, and 5:1 when trading shares
■ Scalping/Hedging: are both allowed at FXTM –Yes-
■ Bonus: FXTM offer bonuses only under Exinity Limited (Not for European traders, due to regulation)
■ Minimum Account: $10 (Cent Account) | $100 (Standard Account) | $500 (ECN Account)