Buzz
In recent years, ForexTime has consistently made a name for itself in the forex trading market, earning significant awards such as Best New Broker in 2013 and the Fastest Growing Forex Broker.
The trading platform is regulated and supervised by legal entities in Cyprus, the UK, and Belize. Specifically, Forextime Limited is regulated and supervised by CySEC, Forextime UK Limited is authorized by the FCA, and FT Global Limited is regulated by IFSC.
Check out Mytour's article below for more insights into ForexTime - What is it? An overview of the ForexTime trading platform.
Accounts
FXTM offers two main types of forex trading accounts: Standard and ECN. Different account types require varying minimum deposits. The Standard account is further divided into Standard, Cent, and Shares accounts, each with different trading features and minimum deposit amounts. Similarly, the ECN account is divided into ECN, ECN Zero, and FXTMPro, each with different spreads or commissions.
Additionally, the trading platform provides a demo account for new traders to practice before making real investments and introduces a new account named FXTM Shares.
In April 2016, the company expanded its offerings by adding and supporting CFD trading accounts with stocks. With FXTM Shares accounts, traders can choose from over 180 different stocks in the U.S. with a leverage of 1:33 on the MT4 platform, ensuring instant order matching. As of January this year, FXTM has extended CFD trading to cryptocurrencies within FT Global Limited, with leverage of up to 1:10.
Features
In addition to forex pairs, FXTM also supports a range of other trading assets, including CFDs on futures contracts and CFDs on metals. Recently, the trading platform has expanded its range of trading assets, supporting new currency pairs, including the Chinese yuan (Renminbi), as well as metal trades combining major currency pairs.
Through the FXTM Invest program, FXTM provides investors with the ability to maximize their time value while optimizing their portfolio by applying suitable portfolio manager strategies. Investors can choose from a variety of portfolio manager strategies, depending on the desired level of profit and risk.
The Multi Account Manager (MAM) feature offers a unique solution for professional traders needing to efficiently manage multiple accounts simultaneously.
Bonuses / Promotional Programs
FT Global Limited provides limited bonuses and promotional programs, often applying cash bonuses as well as a 30% deposit bonus.
Additionally, when traders transfer from other trading platforms to FTXM, they receive 4 USD per lot for each trade.
FT Global Limited also organizes Forex trading competitions such as the Lucky Spin Lottery (for live accounts) and the FXTM Titan competition (for demo accounts).
Forextime Limited and Forextime UK Limited currently offer a Loyalty Program exclusively for professional clients.
Below are the reward conditions for different branches of FXTM:
- Forextime Limited (regulated by CySEC) serves clients residing in the EEA and South Africa.
- Forextime UK Limited (regulated by FCA) serves clients residing in the United Kingdom.
- FT Global Limited serves clients residing in all countries except the U.S., Belize, Japan, Quebec, Saskatchewan, British Columbia, EEA countries, Haiti, and Suriname
Customer Education
In terms of education and customer guidance, FXTM offers a range of materials, instructional videos, and webinars available to all account holders. These tutorials cater to both experienced traders and beginners getting acquainted with forex trading, covering basic concepts of Forex (foreign exchange) as well as more advanced topics like risk management and technical analysis.
Webinars conducted by industry experts cover various topics such as Japanese Candlesticks, Alligator indicator, and more.
Additionally, the trading platform supports third-party seminars, allowing customers the opportunity to access Forex information globally. These seminars and events are organized throughout the year.
Connectivity and Rewards
FT Global Limited, FXTMPartners, and traders have the opportunity to connect with other Forex enthusiasts in the trader's home country, providing trading bonuses and other gifts.
Deposit / Withdrawal
Customers can fund their FXTM accounts through bank transfers, credit cards, debit cards, Neteller, Skrill, CashU, and other electronic wallets.
To withdraw funds from the FXTM account, traders contact the back office team during business hours, from 07:00 - 20:00 (GMT + 2) (GMT + 3 during daylight saving time).
Customer Support
FXTM provides customer support through online chat, Skype, social media (Facebook, Telegram, WhatsApp, Viber), and phone calls. The website supports 18 different languages, including English, Arabic, Chinese, French, Indonesian, Spanish, Polish, and Malay.
The FXTM support website interface presents clear tabs, allowing traders to easily provide their feedback with just a single click.
This article on Mytour introduces ForexTime and provides an overview of the ForexTime trading platform. If you're interested in platforms like XM or Binomo, feel free to explore additional articles available on Mytour.
