This ForexTime review was conducted by the team of Miniforex.com for those who want to know about the ForexTime broker. The Forex Time or FXTM, founded in 2012, is quiet considered a novice to the online currency trading part. Though, within a period of 2 short years, this broker has accomplished to carve out a name for itself by wining numerous industry awards for example the Fastest Growing Forex Broker and Best Newcomer 2013. FXTM is regulated by IFSC of Belize as well as FSB and is headquartered in Cyprus.
ForexTime Review By MiniForex.com
Account Types
There are 3 leading Forex trading accounts to select from at FXTM. There is no maximum or minimum deposit on any of them and no fee or commission is charged. The Fixed and Standard Spread accounts can be used for USD/EUR with a fluctuating leverage of 1:500 and 1:1000 respectively. The Cent account trades EUCent/ USCent and provides a fixed leverage starting at 1:1000 and for Spot Metals 1:25. Along with these accounts, FXTM provides 3 ECN accounts: an ECN Zero account, an ECN and an XTM ECN MT5 every one with different commissions or spreads.
The Amanah Account is a swap-free choice and is accessible for those who are Shariah-compliant. While doing this review I was happy to see that a demo account is provided for novice traders who need to practice their trading beforehand putting any of their personal money at risk.
FXTM has recently added a new account to its line-up. As of April 2016, it is providing an account that specifies in trading CFDs in shares. Through the new FXTM Shares Account, traders can choice more than 180 US shares with the leverage 1:33 on the famous MT4 platform which make sure immediate execution. Main corporations for example Facebook, Apple, Alibaba, Microsoft and Twitter are comprised in the line-up.
Features
Besides standard Forex pairs, FXTM also provides trading for a range of other monetary products such as ETFs, CFDs on Commodity Futures and spot metals. FXTM just extended its product line to currency pairs, comprising the Chinese Yuan, as well as extra chances to trade spot metals paired with main currencies.
PAMM
Through the PAMM program, FXTM provides depositors the ability to maximize the value of their time whereas optimizing their selection. The funds are managed by means of the FXTM Portfolio Management Department where specialists with the essential experience and knowledge are available to aid traders maximize their returns. Assortments are selected through a selection of carefully assessed traders with consistently successful trading stratagems. For latest information about FXTM PAMM account visit “ForexSQ” ForexTime review page.
Promotions/ Bonuses
FXTM loves promotions and provides them munificently. At the time of this writing, there were 2 continuing bonuses. Anybody signing up for a new account for the duration of the promotion period has the chance to receive a maximum of 20 percent bonus up to $150 during the thirty days from the time of their deposit.
Moreover, anyone switches to FTXM from another broker will accept $4 back for each lot traded.
Numerous promotions at FTXM have just expired at the period of this FTXM review, but there was one new contest being provided. The Forex Trading Demo Contest permits brokers to contest neck and neck for the chance to gain $3,000 credit in a live FXTM account. No other brokers I’ve reviewed provided a promotion to traders using a demo account so this promotion is actually unique.
An exciting promotion launched in recent times and enduring till October, 4th, 2015 at FXTM Nigeria is the Kia Promotion wherever a minimum of 500 dollars and trades of as a minimum 50 lots allows traders to enter a prize draw to success a brand-new Kia Rio. You can get more information about the broker bonus on “Topforexbrokers.com“.
Education
In the part of education, FXTM offers a host of webinars and tutorials which are accessible for all account owners. The tutorials are geared to both skilled traders and to those just moistening their feet in Forex trading and cover the essentials of Forex as well as more progressive topics such as risk management and technical study. These videos can even be get into on mobile devices by scanning the QR code.
By industry experts live webinars are presented and cover a variety of subjects. FXTM moreover supports seminars and workshops by 3rd-parties that facilitate simple access to the Forex chances in countries across the world. These seminar events and sessions are alleged through the year. Trading bonuses and extra gifts are provided and traders have the chance to connect with other Forex enthusiasts in the broker’s home country.
FXTM has collected a wide and detailed list with explanations of important definitions in the simplest terms probable.
Their economic calendar is detailed and informed and traders can obtain live market news from one of the world’s most trustworthy sources straight on their Metatrader trading platform and throughout their website.
There are moreover numerous useful calculators— margin, currency, profit and pip. FXTM partners are provided skilfully designed widgets that can be comprised in their website completely free of charge. These can be modified and intended at the companion’s request.
Deposits/Withdrawals
FXTM deposits can be made through credit cards, wire transfers, Neteller, debit cards, CashU, Skrill and other e-wallets.
FXTM Withdrawals are started by contacting the back office for the period of standard business hours: 07:00 – 20:00 (GMT+2) (during Daylight Saving Time GMT+3).
Customer Support
FXTM Customer service is through telephone, Skype and Chat to a UK number. The website can be viewed in Arabic, English, French, Chinese, Spanish, Indonesian, Malaysian and Polish.
FXTM Review Conclusion
The website of FXTM is a pleasure to read. The large text and the graphics are attractive. The tabs are evidently marked and respond simply with a click. FTXM looks to cover all the required areas of a Forex broker in the easiest and simplest way. If you like this ForexTime review conducted by Miniforex then please share it on social media networks.