FXTM can be summarized as a credible and trusted broker that is very competitive in terms of its trading fees (against major currency pairs) and offers daily trading webinars. Their spread is also very low, and they are considered a low-risk trading environment. FXTM is considered safe as the FCA regulates it.
?️Regulated and trusted by the FCA, FSCA, FSC
?️2534 New Traders chose this broker in the last 90 days.
?️Available for South African Traders ??
FXTM Review Revealed – Quick Overview
- ?️FXTM Spider Chart
- ?FXTM at a Glance
- ?Overview
- ✨Features Offered
- ⭐️FXTM Customer Reviews and Ratings
- ?Safe or Scam?
- ?FXTM Account Types
- ?How to Open an FXTM Trading Account
- ?FXTM Minimum Deposit
- ?FXTM Deposit and Withdrawal
- ?How to make a FXTM Minimum Deposit
- ?FXTM Trading Platforms and Tools
- ?Mobile Use of FXTM
- ?FXTM AI Integration
- ?FXTM Trading Instruments
- ⚖️Compare Forex Brokers
- ?Fees and Spreads
- ?Leverage
- ?Education
- ?Forex Trading Guides
- ?Research
- ?Awards
- ⭐Customer Reviews
- ?Customer Support
- ✅Pros and Cons
- ?Conclusion
- ⚠️Disclaimer
- ❓Frequently Asked Questions
- ?References
FXTM Spider Chart
Criteria
Regulatory Standing – 4
Financial Stability – 3.5
Trading Platform Quality – 4.5
Customer Support – 4
Educational Resources – 4.5
Trading Conditions – 4
Withdrawal Speed – 3.5
FXTM At a Glance
Overview
According to research in South Africa, ForexTime Limited (FXTM) was established in 2011 and is a global leader in online trading.
It has become a well-known brand that brings opportunities to financial markets to international audiences, wherever they are, notwithstanding their economic ambitions.
FXTM has a global network of offices and regulations in Europe, the Middle East, Africa, Asia, and Latin America, and more than two million clients in 150 countries have already started using its services.
FXTM is dynamic and offers exceptional online trading services and products to an institutional and retail clientele that benefit from segregated accounts at top-tier banks, secure deposits and withdrawals, competitive leverage, and tight spreads.
The company also provides the ability to trade 250+ instruments, various optimized account types and platforms, exciting forex contests, and trade-enhancing forex bonuses.
The FXTM brand is also authorized and regulated in multiple jurisdictions.
Features Offered
FXTM is one of those online trading brokers with several features that can accommodate all sorts of traders.
It’s a broker that has all trading instruments, such as forex, commodities, indices, stocks, and cryptocurrencies, in perfect cash flow.
FXTM is another broker that allows you to trade top trading platforms such as MetaTrader 4 and MetaTrader 5 with their sophisticated tools for analysis and execution of trades and their regulations, which also make
FXTM is secure, credible, and trustworthy.
In addition, there is a wide range of different account types that can suit various trading behaviors, minimum deposit requirements, spreads, and leverage options that are more competitive.
FXTM probably shines the most when it comes to education and research, offering their traders everything from webinars to tutorials, and market insight analysis.
These qualities make FXTM one of the best brokers in the world in terms of customer support for all traders.
FXTM Customer Reviews
ForexTime has an overall attractive presence, which is proven by the feedback and rating given by many customer traders who applauded the business for having market-relevant spreads, speedy execution, and abundant educational resources.
What many users find interesting about FXTM is that it offers various types of accounts that cater to different kinds of trades-or even beginners, as illustrated in user-friendly programs and demo account availability.
However, issues have been raised by other traders, not least among them, excessive withdrawal fees and delays in processing funds at times.
Nevertheless, the company is highly spoken of concerning customer support, which can be accessed in an inspiring range of languages, has ease of transparency, and always has regulatory-guaranteed trading within
FXTM globally.
In general, it continues to be a good move to go for FXTM among traders.
Customers Ratings
Safe or Scam?
ForexTime is regulated by the Cyprus Securities and Exchange Commission and licensed by the Financial Services Board (FSB) of South Africa.
ForexTime UK Limited is registered with the UK Financial Conduct Authority.
The broker offers full segregation of funds for retail clients across all these services.
Wherever you are in the world, the company holds funds with top-tier banks, fully segregated from the firm’s assets.
FXTM brand does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, or the Occupied Area of Cyprus.
FXTM Account Types
ADVANTAGE STOCKS
FXTM Advantage Stocks is an offering created just for traders wanting to get direct access to the stock market trading, as it permits trading leading global stocks with very competitive prices, extremely tight spreads,
and for particular accounts, commission-free trading.
This feature is handy for diversifying one’s portfolio and earning from the stock market’s opportunities.
FXTM’s outstanding stock trading experience is achieved through combining state-of-the-art trading platforms with up-to-the-minute market data and comprehensive educational resources.
With flexible leverage with a secure trading environment, this marks FXTM Advantage Stocks as an all-in-one phenomenon for stock lovers.
ADVANTAGE
FXTM Advantage offers traders a premium trading experience with lower costs, advanced tools, and better execution.
Tight spreads from 0.0 pips, no commissions hidden on Advantage accounts, and ultra-fast execution make it suitable for all traders-from novices to those who earn ridiculous amounts per month.
FXTM Advantage also allows scalping and high-frequency trading, which helps traders have flexibility and efficiency.
In addition to the wide variety of trading instruments offered and reliable customer support, FXTM Advantage provides the highest standard of trading environment.
ADVANTAGE PLUS
The FXTM Advantage Plus account is a perfect fit for traders who want to keep it simple and economical.
This account no longer features commissions on trades but has competitive spreads that are suitable for those who do not require commissions for transparent pricing.
A variety of instruments in forex, commodities, and indices are accessed with different leverages.
Moreover, FXTM Advantage Plus offers an industry-leading platform like MetaTrader 4 and MetaTrader 5 to its account holders to achieve seamless trading.
Therefore, this account is a good option for both new and old traders for enhanced customer experience through easy features and personalized support.
Demo Account
The Demo Account is designed for those new to trading who want to learn to trade without any personal financial risk.
A Demo Account allows traders to practice trading in a simulated trading environment of the real markets, with virtual funds.
Traders can familiarise themselves with the trading platform and learn to execute trades efficiently, without the risk of financial loss.
Islamic Account
FXTM offers a swap-free Islamic account that adheres to the principles of Sharia law.
How to Open a FXTM Account step by step
Step 1: Click on “Open Account.”
Look for the “Open Account” button in the top right corner of the page and click on it.
Step 2: Fill in the registration form:
Provide your Country.
Step 3: Fill in the registration form:
Provide your email, create your own password, and create an account.
FXTM Minimum Deposit
FXTM charges a minimum deposit amount of $200
This minimum deposit requirement applies when traders register for the Cent account.
The minimum deposit is equal to 3631 ZAR at the current exchange rate between the US Dollar and the South African Rand, at the time of writing.
Traders can expect various minimum deposit requirements spread across the various account types that FXTM offers, These are as follows:
Traders must acknowledge that accounts in NGN can only be opened by traders residing in Nigeria.
One of the advantages that FXTM has, as a well-regulated broker, is that the regulatory entities overseeing the broker’s activities require client funds to be kept separate from the broker account.
These funds are not allowed to be used for operational purposes and can only be used for trading activities.
FXTM Deposit and Withdrawal
FXTM allows a wide variety of deposit and withdrawal methods and promises to develop as many methods as possible to help its clients.
The company strives to make the process as fast and uncomplicated as possible so as not to miss trading opportunities or experience delays in getting your money back.
Making deposits and withdrawals is simple and takes little time. Deposits are processed instantly if additional verification is not needed.
FXTM is not liable for any transfer delays due to a disruption of service in the payment processor’s system.
Deposit fees and deposit methods
FXTM offers traders a wide range of payment methods that can be used to make deposits into the trading account. These include:
? Bank Wire Transfer
? Local Transfers
? Credit/Debit Cards
? Neteller
? Skrill, and more
FXTM does not waive any deposit fees, and traders also have a variety of deposit currencies that they can choose from, including:
However, traders must note that even though there is a variety of deposit currencies, these are tied to certain payment methods.
How to make a FXTM Minimum Deposit
To make the minimum deposit, traders can follow these steps:
Step 1: Log in to the FXTM homepage.
Once registered, log in to your FXTM trading account.
Step 2: Make a Deposit
Traders can then click on ‘Deposit’ and select the trading account into which they wish to pay the minimum deposit amount and complete the necessary fields.
Traders can open the Deposit page once they are logged into ‘MyFXTM’ by navigating to the ‘My Money’.
Step 3: Complete the Account Application
Traders can confirm the deposit details by filling out the Account Application form with their personal and banking information for depositing the minimum amount.
FXTM Trading Platforms and Tools
To fulfill all traders’ unique needs, FXTM offers the industry’s leading trading platforms:
MetaTrader 4 and MetaTrader 5 on PC, Mac, mobile, or tablet.
Metatrader4 and Metatrader5
Traders can download the MT4 or MT5 WebTrader versions for PC and Mac to trade comfortably, and traders with multiple accounts can also use the Multi-Account Manager (MAM) on MT4.
Trader App
FXTM Trader is the company’s customized app that enables traders to access the markets from their fingertips.
Traders can get the innovative mobile app to keep the markets available wherever they go.
It sports helpful features like live currency rates, state-of-the-art charting tools, and more.
With the app, clients can manage their trades in seconds, view trading accounts, and access live currency rates.
FXTM Trader is available for free download on iOS and Android devices.
Mobile Use of FXTM
FXTM has made available an excellent mobile trading experience with an application solely for iOS and Android-based investment experts.
This app allows all-day access to trading accounts, real-time information about the markets, and up-to-date technical analysis tools, thereby allowing traders to make informed decisions on the go.
Given the wide range of languages it supports, traders are also able to easily manage their entire trading account, which includes simple depositing and withdrawal on a real-time basis.
The app has sparked positive feedback on its user-friendly interface, as well as on its high-speed performance, with occasional problems during extreme knockdowns of market crashes, users say.
The critics have grown fast to ensure that the application of mobile apps of FXtM is really not lacking in quality for convenience and functions.
FXTM AI Integration
FXTM incorporates AI technology into its trading platform, thus making it available to its users as a more advanced tool in trading.
Its AI-based market analysis helps its traders with up-to-date insight and predictive analytics in an unpredictable market, providing them with a competitive advantage.
AI-based trading solutions facilitate the execution of strategies without flaws or human errors by executing them directly through algorithms Meanwhile, AI-based risk management can minimize loss as well as
Portfolio performance optimization.
FXTM is also introducing AI-powered customer support; this can get back to the trader within minutes.
It is part of this drive toward innovation in its quest for delivering smart, faster, and more personalized trading options to its clients.
FXTM Markets Instruments
The Broker offers various instruments, from currency trading to speculating on the price movements of favorite stocks.
FXTM gives access to the forex market 24 hours a day, 5 days a week, allowing trade in the most popular major, minor, and exotic currency pairs.
With approximately $5 trillion exchanged daily, the forex market is the most liquid in the world.
It allows clients to trade precious metals (gold and silver) directly with them as an alternative investment option for diversifying a portfolio.
Precious metals are popular amongst traders during times of uncertainty and volatility in the markets.
Due to a real-time feed straight from NASDAQ and NYSE, two of the biggest stock exchanges in the world, it offers access to the stock market and the shares of some major companies.
Traders also get quick access to CFDs on commodities to diversify a portfolio, with the option to trade on the price movements of popular gas and oil products.
FXTM gives an overview of the entire market sector for trading CFDs on indices and offers a choice of popular indices from all over the world, including Germany, Australia, the UK, and the US.
With FXTM, a trader can start trading Bitcoin, Litecoin, Ethereum, and Ripple CFDs against the US dollar or enter stock trading to profit from the increases or decreases in a company’s value over time.
This is only available for FXTM Pro Account holders.
Compare Forex Brokers
Fees and Spreads
FXTM’s trading fees are low for stock index CFD fees, average or low for forex, but their stock CFD fees are high.
The different account types have different fees. The ECN account, for example, has low spreads but charges a commission.
The commission is lower if you have a higher account balance or trade more.
FXTM forex fees differ based on your chosen account type. Standard accounts’ spreads are higher, but there is no commission. ECN accounts charge a commission, but the spreads are lower.
FXTM has high non-trading fees; you will be charged $5/ 80 ZAR per month after six months of inactivity, and most withdrawal methods also charge a fee based on your country of residence, the method you use, and the currency the withdrawal was made in.
Here’s a table for FXTM’s Fee Structure, Spread Types, and Commission Rates:
Leverage and Margin
Leverage is a facility that enables you to get a much larger exposure to the market you’re trading than the amount you deposited to open the trade.
Leveraged products, such as forex trading, magnify your potential profit and increase your potential loss. FXTM offers flexible leverage from 1:1 to 1000:1 and trade sizes from $0.1.
NOK and SEK pairs are provided with a maximum leverage of 1:50 for volumes with a notional value of up to 5,000,000 USD, 4,000,000 EUR, 3,300,000 GBP, and 1,575,000,000 NGN.
For the volumes above, the leverage for NOK and SEK pairs is fixed at 1:25.
HKD pairs are provided with a maximum leverage of 1:25 for volumes with those values and a fixed leverage of 1:10 for volumes above.
TRY, CZK, and ZAR pairs have fixed leverage of 1:3, 1:5, and 1:25, respectively.
Education
Potential traders can build their skills with free educational resources that include educational videos, seminars, or webinars with experts, taking online trading courses, downloading eBooks, and market outlooks.
The available eBooks cover several topics, and clients can gain world-class trading knowledge from FXTM’s team of experts at the seminars.
Short educational videos teach traders about essential forex trading and technical analysis concepts.
Forex Trading Guides
FXTM is the very best in the services of forex trading guides from which a trader usually obtains enough knowledge to climb to success in those very dynamic forex markets.
FXTM would cover pretty much everything – from currency pairs and how to analyze the market to very intricate trading strategy guides that will cater to novices and highly experienced traders alike.
FXTM could even help demystify the most complex of ideas with user-friendly articles, eBooks, video tutorials, and live webinars into which traders can flow and learn.
They could easily learn the technical and fundamental analyses, risk management, and trading psychology from these guides, rather than spend time figuring out which are effective at FXTM.
Additionally, from practical, real-world applications, these guides seek to arm a trader with tools and useful tips for effectiveness in navigating FXTM’s platforms and becoming successful in using the tools themselves.
In this way, FXTM’s forex trading guides provide a full complement of actionable insights for traders to enable informed and successful long-term trading.
Research
ForexTime offers several research tools, from news flow to technical analysis-based trading ideas.
These tools are available in several locations: the MetaTrader trading platforms, the ‘Market Analysis’ section on the website, and the ‘Trading Services’ section in MyFXTM.
The ‘Market Analysis’ section provides market updates and various research tools, such as a Forex News Timeline, market analysis videos, and an economic calendar with a filter function for countries, data types, and
volatility.
Trading ideas based on technical tools can be found on MyFXTM under ‘Trading Services’ and the ‘FXTM Trading Signals’ section.
FXTM also offers some charting tools in the MetaTrader trading platforms.
Awards
FXTM prides itself on more than 25 industry awards since 2011; these also include:
Best Investment Broker, Best European Forex Affiliate Broker Program, Best Investment Broker, Best Trading Experience in 2019.
Reputable Investor Education Forex Broker Award, Forex Brand of the Year (China), Best Forex Education Provider (Africa), Best Trading Conditions, Most Innovative Broker award, Best FX Broker (Asia), Best Forex Broker (Russia) and Most Innovative Broker for 2018.
Forex Broker of the Year, Best FX Broker (Asia), Best Customer Service Global, Forex Broker Firm of the Year (Europe), and Best Online Forex Trading Company (Nigeria) for 2017.
Customer Reviews
?Excellent Educational Resources
FXTM’s platform is user-friendly, and its educational resources are excellent. Their spreads are competitive, especially for those with larger account balances. However, their customer support could be more proactive. Reviewed: John Doe
?Happy Customer
FXTM offers a wide range of assets with competitive spreads, from forex to cryptocurrencies. Their support is responsive, and the education materials are helpful. Reviewed: Maria Ramirez
?Great Choice
FXTM is a well-regulated broker with a diverse range of assets. Their spreads are competitive, and their educational materials are comprehensive. Reviewed: Lee Kim
Pros and Cons
Customer Support
ForexTime (FXTM) promises to recognize its clients’ individual needs and vows to respond to them best.
Clients can contact them via a live chat option on the webpage, phone, or email.
They offer multilingual customer support via Arabic, Czech, Chinese, English, Farsi, French, German, Hindi, Indonesian, Italian, Korean, Malaysian, Polish, Russian, Spanish, Urdu, and Vietnamese.
Their trading and technical support includes analyzing trading mistakes to improve your strategy and avoid such mistakes in the future.
The team also makes sure that any problem you may experience with any product is explained and dealt with promptly.
Conclusion
FXTM is one of the most popular and reliable brokers, which provides a wide list of offers and acceptable trading parameters.
The website offers a rich number of educational materials and provides its clients with professional help in case of any issues.
Alterations proposed by some clients include increasing the quickness of the customer service, reducing the withdrawal charges, and thus increasing the site’s quality rating and trust level.
This is an award-winning broker offering a great range of trading instruments, platforms, and accounts for those traders who are looking for a dependable and regulated brokerage firm.
Here, they have a large number of resources designed to simplify trading processes for different levels of traders.
Authorised by the world’s most prominent regulating bodies, including the FCA, FXTM guarantees a safe trading platform.
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Disclaimer
Prospective clients should study the company’s risk warnings carefully since all the risks involved when dealing with financial instruments are not explained separately.
ForexTime will not provide clients with any investment advice, possible transactions in investments, or financial instruments, nor will it make any investment recommendations.
FXTM warns that Contracts for Difference (‘CFDs’) are complex financial products unsuitable for all investors.
As leveraged products, they involve a high level of risk and can result in the loss of all invested capital.
Only clients who realize the risks involved in each financial instrument should engage in any trading activity and not risk more than they are prepared to lose.
Before trading, traders should consider their level of experience and investment objectives and seek independent financial advice if necessary.
According to research in South Africa, it is the client’s responsibility to ascertain whether he or she is able and permitted to use the services of the FXTM brand based on the legal requirements in his or her country of residence.
Frequently Asked Questions
Is FXTM regulated in South Africa based on the information currently available?
Yes, FXTM is regulated by the Financial Services Conduct Authority in South Africa.
How long is the withdrawal process from ForexTime?
Withdrawal request is cleared at the most 24 hours. Afterward, the amount is deposited into your credit/debit card after a time duration of one business week by the broker.
Is ForexTime a good and legit broker?
Our Forextime review reveals that this broker is regulated by 3 top-tier and other foreign regulators. It is considered a good and legitimate broker.
Is it possible to trade and invest in equities with Forex time (FXTM)?
With ForexTime, you are able to trade, buy, or hold shares of global companies without having to pay commissions.
Which instruments can I trade with FXTM?
With FXTM, you can trade Forex, Metals, Stocks, Commodities, Forex indices, Indices, Stock CFDs, and Stock Baskets.
References
FXTM Global – FSCA
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