Forextime alias FXTM is a well-known forex and CFD brokerage. This FXTM review goes over their account kinds, trading app, sample account, trading platform, which includes MT4 among others.
FXTM provides a number of different trading platforms. Metatrader 4 or Metatrader 5 are the two options for desktop and laptop users.
FXTM Trading markets
In this FXTM review, FXTM provides trading possibilities in the following markets:
CFDs on Indices and Commodities (Spot Metals Shares CFDs) are available on the Forex market.
FXTM review on leverage
For Forex traders, commission percentages are minimal, while for CFD transactions, they are near the industry average. Spreads as low as zero pips and fees as low as $0.2 per lot are possible with ECN account choices. The Standard Account has somewhat greater spreads at first, but they stay able to compete effectively.
Is FXTM real or fake? Scam or legit
As part of its expansion throughout Africa, Forextime is obtaining a regulatory license in Kenya. FXTM’s commercial activities from its CySEC-regulated business stopped on February 26th, 2021.
It referenced the European Securities and Markets Authority’s (ESMA) anti-competitive regulatory framework as the cause for its decision. Customers from the European Economic Area (EEA) can deal with any of the other subsidiaries.
FXTM’s regulatory system appeals to me since it ensures that traders have access to an attractive economic outlook as well as exceptional protection.
FXTM is a member of the Financial Commission of Hong Kong, which has a Compensation Fund that safeguards investors up to €20,000 per complaint. It is comparable to what CySEC provides but without regulatory constraints.
ForexTime Limited is highly regulated worldwide.
FXTM Deposits and Withdrawals
Minimum deposits differ depending on the individual account:
- Advantage Plus
FXTM review on Withdrawals
Withdrawals can be made on; Visa, Maestro, and Mastercard. Transactions are often completed the same day. The funds can be withdrawn in US dollars, British pounds, or Euros. The commission is 2EUR/3USD/2GBP.