FXTM ForexTime is a popular licensed Forex broker and CFD Dealer owned by ForexTime Limited. They are located at FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus.
Forextime was created in 2012 by Andrey Dashin, the co-founder of another successful brokerage firm Alpari. It’s a fully regulated forex broker that offers a wide range of currencies, commodities and CFDs to trade, and it’s overall rated good by actual traders. They accept credit cards, bank wire transfer, Neteller, Skrill and other methods, for funding new accounts.
ForexTime (FXTM) provides three standard or instant execution accounts on the Metatrader platform. Maximum leverage can be up to 1:1000 with no minimum deposit and the option to opt-in for Trading central. Spreads start 0.5 pips on Standard accounts and 2.1 pips on cent and fixed spread accounts. They are available with EUR or USD as base currency and are mostly popular with traders that wish avoid increasing spreads that come with high market volatility and commission charges.
Investors at FXTM have a variety of trading platforms to choose from including the latest MetaTrader5, MetaTrader4, MT4 Web Trader, and the iOS & Android MT4 mobile apps.
Available for trading is more than 250 assets in all categories of Currency pairs, Commodities (Gold, Oil, Silver), Shares, Market Indexes and CFD’s.
FXTM is stable broker with good condition for forex or stock trading including:
-Tight spreads from 0 pips
-Micro and mini lots
-Floating leverage up to 1:1000
-Low minimum deposit
Pros of Trading with Forextime (FXTM)
FXTM has the following advantages:
Extensive range of trading instruments;
Wide choice of trading platforms;
No minimum deposit;
Possibility to choose type of spread;
Qualified customer service.
The company’s cons are traditional for all rapidly developing companies and result from inefficiency, or rather inconsistency in adjustment of some procedures.
Besides, there is no Webmoney option for deposits and withdrawals, which can also be considered as a disadvantage.