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If you're wondering whether ForexTime is a scam or not, or if it's worth trading with ForexTime, continue reading this article by Mytour for insights.
Should You Opt for Trading with ForexTime?
An Overview of ForexTime Trading Platform
ForexTime (FXTM) has garnered numerous prestigious awards in the Forex industry. The trading platform supports major trading assets including CFD Spot Metals, stocks, profit shares, and futures commodities, along with an Investment Program allowing clients to invest in Forex without requiring trading experience.
FXTM's Investment Program enables clients to monitor and copy the trades of strategy managers. Clients simply sit back and await profitable trades executed by strategy managers.
All FXTM clients, both institutional and retail, benefit from top-notch security measures. Specifically, FXTM is under the auspices of three major companies: ForexTime Limited (regulated and supervised by Cyprus, license number 185/12, and authorized to operate in South Africa by FSCA, license number 46614); Forextime UK Limited (regulated and supervised by the Financial Conduct Authority (FCA) of the UK, license number 777911); and FT Global Limited (supervised and licensed by IFSC, license numbers IFSC/60/345/TS and IFSC/60/345/APM).
All FXTM client funds are deposited into separate accounts at leading global banks.
The trading platform offers powerful leverage, varying depending on their clients' country of residence, knowledge, and trading experience, with spreads starting from 0.1 pip and the ability to trade over 100 different instruments. It provides various types of optimized accounts, MT4/MT5 trading platforms on desktop and mobile devices, as well as regularly hosting exciting demo trading competitions.
Additionally, the trading platform provides instructional materials, trading tutorial videos for novice traders as well as experienced ones, assisting traders in improving their trading skills through online forex trading courses, and organizing webinars.
Important Note:
ForexTime does not offer services to traders residing in the US.
Should You Trade with ForexTime?
Here are some reasons why you should consider trading with ForexTime:
- Flexible leverage.
- Supports a variety of trading assets including Forex, CFDs on metals, futures commodities, and stocks.
- Licensed by FSCA in South Africa, license number FSP 46614.
- No deposit fees and instant withdrawal order execution.
- Tight spreads, fast order execution, and deep liquidity.
- Offers Swap-free accounts.
- Provides a range of MT4 and MT5 trading platforms on desktop and mobile devices.
- Free Demo accounts.
- Low minimum deposit, $5.
- Free trading tools including margin calculation and pip value.
- Supports various Standard and ECN accounts.
- Risk insurance support.
- Organizes trading competitions on demo and live accounts.
- Free FX trading guides.
- Managed, supervised, and licensed by multiple legitimate regulatory authorities.
Supporting Platforms
FXTM provides full support for various trading platforms to ensure traders can access and execute trades anytime.
- Desktop.
- Mobile platforms (iOS/ Android).
- MetaTrader 4 (MT4).
- MetaTrader 5 (MT5).
Additionally, FXTM WebTrader is also available for the MT4 platform.
All trading activities and customer personal information are securely encrypted and protected using the latest SSL technology.
Deposit and Withdrawal
FXTM offers customers various deposit/withdrawal options, including:
- Credit/debit cards.
- Bank Wire.
- E-wallets (such as Neteller, Skrill, ...) and many other local payment methods.
- New payment options are regularly added.
Customer Support
FXTM stands out as a reliable forex broker in the forex market. This is clearly reflected in their multilingual customer support service. Upon registering an account on ForexTime.com, dedicated account managers will promptly contact and guide customers through the account creation process.
In addition, the forex broker supports customers through live chat, email, or via social media channels (Facebook, Telegram, Viber, WhatsApp), and phone calls.
FXTM ensures to provide its customers with the most professional and superior trading experience, ensuring they can meet all the needs customers desire, from trading tools, trading platforms to news, and market analysis articles from experienced industry experts.
This article from Mytour has just provided you with some useful information about the FXTM or ForexTime trading platform. Hopefully, after reading this article, you will have more information to make a decision on whether to trade with ForexTime or not. You can also refer to the article Does withdrawing from ForexTime incur fees? here.
