ForexTime Broker Review
ForexTime, commonly known as FXTM, was established in 2011. It got its CySEC regulation and licensing in the year 2012. The top Forex Authorities awarded the organization with numerous awards in 2013. It was also awarded as the best Newcomer of Forex by the WFFE (World Finance Foreign Trade). The company was honoured with different awards including the MENA 13 for quickest developing Forex broker and most creative product. Additionally, it received various other awards from year 2014 to 2017. ForexTime sponsors Rookie of the Year, Ed Jones in the Indianapolis 500 and is also the authorized FX accomplice of Sahara Force India Formula One™ group.
At FXTM, traders can access various kinds of accounts. Such as; Shares Account, Standard Account and Cent Account. These accounts are accessible through demo and live trading accounts and other alternatives. There is a choice of numerous currencies that you can select from. There are likewise ECN accounts accessible including FXTM Pro, ECN Zero, FXTM ECN MT5 and ECN Account. The demo account enables the new traders at Forex to have a practice session before shifting to the real account.
ForexTime traders have access to numerous trading platforms, such as; MetaTrader 4 & 5. These two are available for phablet, tablet, PC or MAC devices. The trading platforms are available for full download on iOS, android, tablets and cell-phones. Full access to a bundle of financial trading tools and creative trading platforms are offered by MetaTrader 4 and MetaTrader 5. It also provides you with currency support, option to choose the language of your choice and various execution modes. The trading platforms incorporate MT4 MultiTerminal and MT5 & MT4 WebtTrader. The trading tools incorporate things such as; completely optimized cell-phone trading resources, signal providers, indicators and signals. They are also a helpful subordinate to the trading software.
Following are the available deposit options: Expobank, Baidu, FasaPay, PerfectMoney, WeChat, Qiwi, CashU, WebMoney, Skrill, Neteller, MasterCard, Maestro, China UnionPay, Visa, Egypt local transfer, Afghani local transfer, Iranian local transfers, online banking Thailand, Vietnamese local transfer, Indonesian local transfer and Nigeria local bank wire transfer, etc. Generally, no commissions are charged on deposits and the money is also processed instantly. There are a few deposit alternatives that require processing time of one day, whereas bank wires may take 3-5 working days.
There is broad scope of trading items which incorporate; 60 currency sets, 180 stocks that you can trade on your MetaTrader 4 shares account, various spot metals like platinum, silver and gold, a variety of CFD commodity futures such as WTI crude oil, DAX 30, CAC40, Brent crude oil, S&P 500 index. Various other alternatives are ETF’s (Trade Traded Funds) and Contracts for Difference (CFDs) on indices
At ForexTime you can access promotional offers and a few appealing rewards. As welcome bonus, traders are remunerated with $30 when they register and pay a minimum deposit. Loyalty cashback offers are also accessible to traders with things like money refunds for everything that is traded, which can be availed for a period of 6 months.
ForexTime can be contacted through different channels like; web-based social networking pages on Facebook, Twitter, G+, LinkedIn and Instagram. You can contact them on their website by tapping on the ‘Talk with Us’ button at the right side on the screen. Moreover, there are customer specialists that are accessible from Monday and Friday from 2 AM through 8:30 PM (Greenwich Mean Time) as well as phone hotlines in the United Kingdom (0044-203-734-1025).
To modify or close your FX positions, you can use the number 0044-203-734-1063. This number is available 24/7 from Monday till Friday. There are likewise various contact choices accessible for traders in Thailand, South Korea, Nigeria, Indonesia, Malaysia, India and China. Customer support is available in many languages including; English, French, Indonesian, Polish, Spanish, Italian, Arabic, Chinese, Malay, Russian, Thai and Vietnamese.
Security and safety of customer funds and accounts is 100% guaranteed. FT Global Limited secures customer funds. All customer funds are kept up in different accounts at renowned European banks. All the worldwide policies set out by the International Financial Services Commission FT Global are followed by the top banks. To guarantee the greatest encryption and information protection, the most noteworthy encryption methods are set up. The FSA, CySEC, and the FCA authorizes and manages this business. FT Global Limited – ForexTime.com – agrees to all parts of International Financial Services Commission of Belize authorizing
Is it easy to use?
The trading platforms, MetaTrader 4 and MetaTrader 5 are user friendly. CFD trading on Forex stocks, indices, commodities and pairs is also easy to use. Clients can easily shift from demo account to the real money trading account and to make withdrawals and deposits is exceptionally simple.
To sum up
The globally acclaimed, Forex trading intermediary – Forextime, offers an extensive variety of CFD items and a full scope of services on over 60 currency sets (exotic, minor and major sets). It has complete regulation from various jurisdictions and authorities and is classified as a Class-A broker.