FXTM (ForexTime) is a forex brokerage founded in 2011, headquartered in Limassol, Cyprus. This broker is a global online forex trader, focusing on providing online trading and related services for financial markets including gold, stocks, indices, commodities, and forex.
Company Background
FXTM is a forex trading service provider whose domain was registered on April 6, 2003. The company, Forextime Ltd, is based in Limassol, Cyprus, at 35, Lamprou Konstantara Street, FXTM Tower, Kato Polemidia, CY-4156 Limassol. To date, FXTM has become the choice of over 4 million investors, with operations spanning over 180 countries.
Regulatory Information
FXTM is regulated and supervised by financial regulatory authorities in several countries and regions, including the UK's Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), South Africa's Financial Sector Conduct Authority (FSCA), and the Financial Services Commission of the Republic of Mauritius (FSC). These regulatory measures ensure the safety of investors' funds and trading activities, boosting the company's credibility and reputation.
ForexTime Ltd's registration number is HE 310361, with a registered address at Lamprou Konstantara 35, Kato Polemidia, Limassol, Cyprus, regulated by the Cyprus Securities and Exchange Commission, with a Securities Investment Company License number of 185/12.
Exinity UK Limited's registration number is 10599136, with a registered address at 1 st. Katharine's Way, London E1W 1UN, UK, regulated by the Financial Conduct Authority, with a license number of 777911.
Trading Products
FXTM offers a variety of trading products, including forex, precious metals, stocks, stock CFDs, indices, commodities, and cryptocurrencies.
Forex: The world's largest financial market, where participants can buy and sell currency pairs, such as USD/EUR. Essential for international trade and investment, determining currency exchange rates, available for trading 24 hours a day.
Precious Metals: High-value metals, such as gold, silver, platinum, and palladium, used as investment hedge tools, available through physical purchase, futures contracts, or ETFs.
Stocks: Represent ownership in a company, allowing investors to share in profits and appreciation, listed on stock exchanges worldwide.
Stock CFDs: Derivatives that allow investors to speculate on stock price movements without actually owning the stocks, available for long or short trades.
Indices: Represent a specific section of the stock market, such as the Dow Jones Industrial Average or the S&P 500, available for investment through index funds or related derivatives.
Commodities: Include natural resources and agricultural products such as oil, natural gas, gold, wheat, and corn, available for spot market or futures contracts trading.
Cryptocurrencies: Digital currencies based on blockchain technology, such as Bitcoin and Ethereum, allowing for decentralized transactions without traditional financial intermediaries.
Trading Software
FXTM provides several trading platforms, including MT4 and MT5, to meet the needs of different investors.
MT4, released in 2005 by MetaQuotes, is the first-generation trading platform primarily for forex trading, offering a wide range of technical analysis tools, highly customizable, supporting fast trading functions, but only supports net position trading.
MT5, released in 2010, is an upgraded version of MT4. Besides forex, it also supports trading in stocks, futures, and cryptocurrencies, offering more technical analysis tools and chart objects, introducing more trade order types, and supporting multiple trading modes.
Overall, MT5 has more powerful functions and covers a wider market than MT4. MT5 is suitable for traders with higher requirements for trading functions and market diversity, while MT4 is more suitable for users focused on forex trading. The choice of trading software depends on personal trading needs and preferences.
Account Registration
FXTM's official website provides a link for live account registration, with the following specific methods:
First, open the FXTM official website and click "Open account."
Then, complete account registration by following the steps to fill in information (such as email, password, etc.).
Account Types
FXTM offers two different types of trading accounts: ADVANTAGE and ADVANTAGE PLUS to meet the needs of different traders.
Both account types have a minimum deposit of $/€/ 500 and a maximum leverage of 1:2000.
However, ADVANTAGE has a spread of 0.0, while ADVANTAGE PLUS has a spread of 1.5;
ADVANTAGE's commission: $25 per million nominal value for forex, precious metals, and CFDs (CFDs). 0.07% of the nominal transaction value for cryptocurrency trading; ADVANTAGE PLUS has no commission.
Deposit and Withdrawal Methods
FXTM supports various deposit methods including bank transfer, e-wallets, credit cards, etc. The platform keeps client funds in top-tier banks and securely separates them from the company's own funds. It is regulated by different jurisdictions to ensure compliant and reliable trading activities. Additionally, FXTM offers various payment methods including local bank services to meet the diverse needs of investors.
Customer Support
FXTM provides support in multiple languages, including English, Arabic, Armenian, Bahasa, Bengali, Cantonese, Chinese, Czech, Farsi, French, German, Hindi, and more. Multiple contact channels are available, and investors can contact the customer support team by phone at +44 20 3734 1025 for direct and immediate assistance. Investors can also send questions or requests to support@tmgm.com.au.
Additionally, FXTM invests significant efforts in investor education, offering numerous educational courses and financial tools to help clients trade. The platform also provides FXTM Invest, a unique copy-trading program that allows clients to copy the trade orders of their favorite strategy managers.
Summary
As a forex broker, FXTM has stood out since its establishment in 2011 for its good reputation and stringent regulation, having a global influence, offering a wide range of financial instruments and excellent educational resources. Its focus on customer support and provision of diverse trading platforms make it a strong competitor in the online trading industry.
Currently, FXTM is marked as "Normal Operations" on TraderKnows.
