FXTM ForexTime Review

fxtm-logo sign-up-green1
$100
Minimum Deposit
500:1
Maximum Leverage
0.1
Minimum Spread
8 TradeForexSA
Pros
  • FSB Regulated
  • Technical analysis with signals
  • Fast withdrawals
  • Quality management team
Cons
  • No South African Rand
  • Can’t trade exotic pairs with swap free accounts
  • Need share account to trade shares & CFDs
Summary
FXTM (Forextme) is licensed by the FSB in SA and gives you access to highly skilled & multi-lingual support.  A good brokerage for those who want to trade with the MT4 & MT5 platforms, and get free continual access to good technical analysis.
Account Types8
Free Services9
Support7
Deposit & Withdrawal8

ForexTime (FXTM) has a strong reputation in the industry and allows traders a lot of flexibility.  Trading is executed on the MT4 and MT5 platforms, with a mobile application available for those who wish to trade away from your desktop PC.

Hedging, EAs, and scalping strategies are permitted, with low spreads and flexible leverage up to 1:500 (depending on the client’s knowledge of forex trading and experience).  For the beginner, free education and webinars are available.  Technical analysis and signals are free and part of your business relationship with FXTM.  Once you sign up you will be contacted by an account manager to see how they can assist you in getting started.

 

As a member trader on FXTM, will have access to 250+ trading instruments including metals and contracts for different stocks, indices, commodities, and ETFs.

FXTM was established in 2011 by Andrey Dashin and is regulated in a number of jurisdictions.

ForexTime Limited (EU) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, licensed by the Financial Services Board (FSB) of South Africa, with FSP No. 46614.

The company is also registered with the Financial Conduct Authority of the UK with number 600475 and has an established branch in the UK. FT Global Limited is regulated by the International Financial Services Commission of Belize with License numbers IFSC/60/345/TS and IFSC/60/345/APM.

Promotions & Contents

FXTM could offer various promotions and contests at any point in time.  Please refer to the FXTM website for the most up-to-date information.

Account types

Standard account

  • Tight floating spreads
  • Floating leverage up to 1:500
  • Instant execution
  • Hedging allowed
  • Available in EUR, GBP and USD
  • No hidden commissions
  • SWAP-free option available

Cent account

  • Tight floating spreads
  • Fixed leverage from 1:500
  • Instant execution
  • Available in EUR cents, GB pence and USD cents
  • Min deposit only 5 EUR/USD/GBP
  • Cent Lots
  • SWAP-free option available

Shares account

  • 180+ US shares
  • Margin from 3%
  • Instant execution
  • Hedging allowed
  • Available in EUR, GBP and USD
  • No commissions
  • SWAP-free option available

Unique selling points

  • FSB licensed with FSP number 46614
  • 250+ trading instruments
  • Cent lots