FXTM (ForexTime) is a forex broker established in 2011, headquartered in Limassol, Cyprus. It is a global online forex trader specializing in providing online trading and related services in financial markets such as gold, stocks, indices, commodities, and foreign exchange.
Company Background
FXTM is a broker offering forex trading services. Its domain was registered on April 6, 2003. The company entity is Forextime Ltd, headquartered at 35, Lamprou Konstantara Street, FXTM Tower, Kato Polemidia, CY-4156 Limassol, Cyprus. To date, FXTM has become a trusted choice for over 4 million investors, with business coverage in more than 180 countries.
Regulatory Information
FXTM is regulated and overseen by financial regulatory authorities from various countries and regions, including the UK's Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the South African Financial Sector Conduct Authority (FSCA), and the Financial Services Commission of the Republic of Mauritius (FSC). These regulatory measures protect investors' funds and trading activities, enhancing the company's credibility and reputation.
ForexTime Ltd is registered with the number HE 310361, with the registered address at 35 Lamprou Konstantara, Kato Polemidia, Limassol, Cyprus. It is regulated by the CySEC under the Securities Investment Company License No. 185/12.
Exinity UK Limited is registered under No. 10599136 with a registered address at 1 St. Katharine's Way, London, E1W 1UN, UK, regulated by the FCA with License No. 777911.
Trading Products
FXTM offers a variety of trading products, including forex, precious metals, stocks, stock CFDs, indices, commodities, and cryptocurrencies.
Forex: The world's largest financial market, where participants can buy and sell currency pairs like USD/EUR. It is crucial for international trade and investments, determines currency exchange rates, and is available for trading 24 hours a day.
Precious Metals: High-value metals such as gold, silver, platinum, and palladium used as investment hedges can be traded through physical purchases, futures contracts, or ETFs.
Stocks: Represent investor ownership in companies, allowing for profit sharing and appreciation, listed on national stock exchanges.
Stock CFDs: Derivatives allowing investors to speculate on stock price movements without owning the stock, enabling long or short positions.
Indices: Represent stock bundles from specific market segments, like the Dow Jones Industrial Average or S&P 500, investable through index funds or related derivatives.
Commodities: Include natural resources and agricultural products such as crude oil, natural gas, gold, wheat, and corn, tradeable in spot or futures markets.
Cryptocurrencies: Digital currencies based on blockchain technology, such as Bitcoin and Ethereum, facilitate decentralized trading without traditional financial intermediaries.
Trading Software
FXTM provides several trading platforms, including MT4 and MT5, to meet the needs of different investors.
MT4 was released in 2005 by MetaQuotes as the first-generation trading platform, mainly for forex trading. It offers a wide range of technical analysis tools, high customizability, and supports quick trading functions but only supports netting.
MT5, released in 2010, is the upgraded version of MT4, supporting not only forex but also stocks, futures, and cryptocurrencies. It provides more technical analysis tools and chart objects, introduces more order types, and supports multiple trading modes.
Overall, MT5 is more powerful than MT4, covering a wider market range. MT5 is suitable for traders who demand more trading features and market diversity, while MT4 is ideal for those focused on forex trading. The choice of trading software depends on individual trading needs and preferences.
Account Registration
The FXTM website provides a link for opening a live account, with registration steps as follows:
First, open the FXTM website and click "Open account" on the homepage.
Then, fill in the required information (such as email, password, etc.) to complete account registration.
Account Types
FXTM offers two different types of trading accounts: ADVANTAGE and ADVANTAGE PLUS to suit various traders' needs.
Both accounts require a minimum deposit of $/€/ 500, with a maximum leverage of 1:2000.
However, the ADVANTAGE account offers spreads starting at 0.0, while ADVANTAGE PLUS offers spreads at 1.5.
ADVANTAGE commission: $25 per million of nominal value for forex, precious metals, and CFDs, and 0.07% of the nominal trade value for cryptocurrencies. ADVANTAGE PLUS has no commission.
Deposit and Withdrawal Methods
FXTM supports multiple deposit methods, including bank transfers, e-wallets, credit cards, etc. Client funds are safely stored in top-tier banks and are strictly segregated from the platform's own funds. The platform is regulated by different jurisdictions to ensure compliance and reliability of trading activities. Additionally, FXTM offers various payment options, including local banking services, to meet diverse investor needs.
Customer Support
FXTM provides support in multiple languages, including English, Arabic, Armenian, Bahasa, Bengali, Cantonese, Chinese, Czech, Farsi, French, German, Hindi, among others. Several contact channels are offered; investors can reach the customer support team via phone at +44 20 3734 1025 for direct and immediate assistance. Investors can also send inquiries or requests to support@fxtm.com.
Moreover, FXTM dedicates substantial efforts to investor education, offering numerous educational courses and providing appropriate financial tools to aid client trading. The platform also offers FXTM Invest, a unique copy trading program allowing clients to replicate their favorite strategy managers' trades.
Summary
Since its establishment in 2011, FXTM has stood out as a forex broker with a strong global presence due to its solid reputation and strict regulation. Offering a wide range of financial instruments and outstanding educational resources, its focus on customer support and diverse trading platforms make it a formidable competitor in the online trading industry.
