FXTM ForexTime

FXTM (ForexTime) is an international broker that has offered a wide range of trading services and financial products since it was founded in 2011. The company specialises in trading currencies (forex), shares, commodities, indices and other financial instruments, and offers various account types and trading platforms to both retail and institutional investors. FXTM is headquartered in Cyprus, has 10 offices worldwide and is regulated in several countries. The company strives to give its clients the best possible trading experience through innovative technology and first-class customer service, wherever they are and whatever their trading ambitions. The broker now has more than 4 million clients in 180 countries. The company has also won more than 25 industry awards since 2011.

Is FXTM a reputable broker?

FXTM is considered a reputable broker. The company is regulated by several renowned financial supervisory authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) in South Africa. This regulatory status guarantees that FXTM complies with strict standards of transparency, security and client protection.

• CySEC – licence number 185/12
• FSCA – FSP number 46614
• FCA – number 600475

All client funds are held in segregated accounts with top-tier banks and kept strictly separate from the company’s operating funds. FXTM is a member of the Investor Compensation Fund to maximise the safety of client funds. However, it is important to know that no regulation can guarantee absolute security. It is always advisable to do your own research before choosing a broker.

What is the minimum deposit at FXTM?

FXTM offers two account types: the Advantage account and the Advantage Plus account. The minimum deposit for both options is $200. This minimum deposit is not too high for beginners. However, you can start with a free demo account instead. Demo accounts are available for both account types.

Withdrawing money from FXTM

Deposits and withdrawals at FXTM are simple and straightforward. To withdraw money from FXTM, you need to log in to your trading account, go to the “Cashier” or “Withdrawals” section, select your preferred withdrawal method and follow the instructions. Supported withdrawal methods include bank transfers, credit and debit cards and a range of e-wallets such as Skrill and Neteller. How long it takes to receive a withdrawal from FXTM depends on the method chosen. E-wallet withdrawals are usually processed within 24 hours, while bank transfers can take between 3 and 5 working days and credit/debit card withdrawals between 3 and 10 working days.

Advantages of FXTM

• Extremely tight spreads
• Ultra-fast and reliable execution: 99.81% of trades are executed in less than a second
• Better market prices are passed on automatically if an order can be executed at a better price
• Flexible leverage of up to 1:2000
• Wide choice of tradable instruments: shares, commodities, currencies, indices
• Free demo accounts
• Various trading platforms: FXTM (ForexTime) supports MetaTrader 4 and MetaTrader 5 on all devices
• Many free indicators for MetaTrader
• Lots of free training and background knowledge from FXTM experts
• VPS hosting

Summary

FXTM is well suited to beginners, as the minimum deposits are relatively low and all account types can be tested in demo mode. The company offers extensive free training resources. Its fair trading conditions and fast trade execution deserve special mention.