Is ForexTime a scam?

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Is ForexTime involved in scams?

In the previous article, Mytour introduced ForexTime to you, providing an overview of the ForexTime trading platform. If you're wondering whether ForexTime is involved in fraud, continue reading this article from Mytour for more insights.

Both the ForexTime forex trading platform and Crypto Currency CFD Dealer are under the ownership of the parent company ForexTime Limited, headquartered at FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus.

Explore information about the ForexTime trading platform.

The official trading platform website is https://www.forextime.com/. Clients can reach ForexTime at the phone number +44 203 734 1025 or via email at [email protected] for assistance.

To investigate whether ForexTime is involved in any deceptive practices, refer to the following sections in the article below.

Is ForexTime involved in scams?

ForexTime Review

FXTM (ForexTime) provides a variety of trading platforms, including MetaTrader5, MT5 Pro, MetaTrader4, MT5 Web Trader, VPS, and the latest MT4 mobile apps for iOS and Android.

Trading assets cover up to 250 different types, including all currency pairs, commodities (gold, oil, silver), stocks, market indices, and CFDs.

Cryptocurrency pairs for trading include Bitcoin, Ethereum, or Litecoin, listed for trading since late 2017. Copy trading is also available through FXTM Invest with strategy managers worldwide.

Traders can test the broker with a free demo trading account or open a new trading account with a small deposit, around 100 USD.

Demo Account Trading Competition: Brokers consistently offer their clients exciting trading experiences by organizing risk-free trading competitions. The Demo Account Trading Competition kicks off on April 30, 2018, with a prize pool of up to $40,000 USD.

Currently, numerous trading platforms emerge in the market, such as Busstrade, ForexTime, Huobi, XM.... To choose a reputable platform, you need to explore multiple sources. Among them, information about the Busstrade scam is gaining attention as the platform disappeared within a few days. Therefore, it's crucial to thoroughly research and verify information.

Learn more: Is Busstrade a scam?

Operating License

In today's market, there is a proliferation of online forex brokers, indicating that traders need to be more cautious in selecting a broker. Reliable brokers are typically granted a legitimate operating license.

ForexTime holds a license and is regulated by CySEC in Europe, with license number 185/12.

Additionally:

- In South Africa, FXTM is licensed by the Financial Services Board, license number 46614.
- In the United Kingdom, the trading platform is licensed by the Financial Conduct Authority, license number 60047.
- Furthermore, FXTM is owned and supervised by FT Global Limited, licensed by IFSC, license numbers IFSC/60/345/TS & IFSC/60/345/APM.

Comparing Forex Brokers

ForTrade stands as the premier forex broker in the United Kingdom, delivering an excellent trading platform for clients. The broker is licensed and supervised by the FCA.

FXMasterBot is the most popular forex trading robot, integrated into licensed forex brokers in Europe.

Conclusion

To address the question of whether ForexTime is a scam, fundamentally, ForexTime is a reliable forex broker, with offices situated in various countries worldwide, including Nigeria, China, Malaysia, and many others, and an expansive customer network.

This Mytour article provides answers to your inquiry about whether ForexTime is a scam. Additionally, you can explore information about the Binary - is it a scam platform, potential fraud, or understand what FBS platform is. If you have any queries or need clarification, feel free to leave your comments below the article.

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