FXTM is a good broker well-known and regulated worldwide, there are numerous regulated entities of FXTM. Account opening is easy, FXTM has on of lowest deposit requirements and trading conditions are good with low spreads and excellent customer service and Forex education.
- Well regulated
- Good customer service support
- Well-developed platforms
- Innovative
- Not available in some countries
- No social and copy trading
FXTM Review
What is FXTM?
The FXTM or Forex Time company launched in 2011 with its headquarters in Cyprus (Limassol) also authorized by Financial Conduct Authority and other regulators, been named as one of the world’s fastest growing and best forex brokers. As in a relatively short time the firm showed great and rapid growth within Europe and beyond through its focus on Africa and Asia regions.
The broker establishes its core on reliable trading conditions and detailed education and brings trading across the world with its accessible trading around the globe, regardless of the trader’s knowledge. However, the chain of FXTM offices also established around Europe, located in the UK and maintaining entity in South Africa.
FXTM Pros and Cons
FXTM is a good broker well-known and regulated worldwide, there are numerous regulated entities of FXTM. Account opening is easy, FXTM has on of lowest deposit requirements and trading conditions are good with low spreads and excellent customer service and Forex education.
From the negative points there is withdrawal fee and Stocks spreads are rather higher.
Awards
From the fast client approval to the general trading process, comprehensive learnings and available features, FXTM proves its high ranking among the traders’ community with more than 90% of positive feedbacks.
The numbers are actually confirmed by the large community of traders with about 750,000+ active accounts that growing, numerous attractive opportunities and gained vast awards for excellence in trading.
FXTM also proudly takes an active social role while supporting and sponsoring various world Sports alike Sahara Force India Formula 1 team and regularly reveals in the media.
Is FXTM safe or a scam?
No, FXTM is not a scam, it is well regulated broker operation ForexTime Ltd, ForexTime UK Ltd and Exinity Limited three entities under the FXTM brand that provides trading services to more than 10,000 clients from over 135 countries around the world. And important to note comply with the necessary regulatory guidelines in every region FXTM operates, which gains a high score from us in terms of its trust.
This question is indeed the most crucial one, as investor accounts lose money and if you trade with the unregulated entity the high risk to lose funds is dramatically high.
Is FXTM a legit company?
Yes, FXTM is a legit broker, as each of the entities and brands that it serves is authorized and regulated by various global jurisdictions.
The main entity ForexTime Ltd is regulated by CySEC of Cyprus, authorized by FSCA of South Africa, and additional offshore authority FSC in Mauritius. Also, the FXTM UK brand is licensed by the Financial Conduct Authority known sharp regulator, which has principals built by European MiFID and ICF allowing cross broker activity.
