FOREX TIME Forex Broker

Forex Time Broker - Complete Information Guide

1. Broker Overview

　　ForexTime, commonly known as FXTM, was established in 2011 and is a prominent player in the online trading industry. The company is headquartered in Mauritius, with additional offices in various regions, including Cyprus and South Africa. FXTM is privately held and has rapidly grown to serve a diverse clientele, including retail and institutional traders.

　　Since its inception, ForexTime has achieved significant milestones, including expanding its service offerings and establishing a strong global presence. The broker has received numerous awards for its commitment to customer service and innovative trading solutions. FXTM operates under the umbrella of FT Global Services Ltd, which manages its various regional entities.

　　The broker primarily focuses on retail forex trading, providing a range of services that cater to both novice and experienced traders. ForexTimes business model is built on offering competitive spreads, a variety of trading instruments, and robust educational resources to support its clients in their trading endeavors.

2. Regulation and Compliance Information

　　ForexTime is regulated by several esteemed authorities, ensuring a high level of oversight and client protection. The main regulatory bodies overseeing FXTM include:

• Cyprus Securities and Exchange Commission (CySEC) - License number 185/12
• Financial Conduct Authority (FCA) in the UK - License number 777911
• Financial Sector Conduct Authority (FSCA) in South Africa - License number 46614
• Financial Services Commission (FSC) in Mauritius - License number C113012295

　　These licenses allow ForexTime to operate across multiple jurisdictions, providing services to clients globally while adhering to strict regulatory requirements. Client funds are held in segregated accounts, ensuring that they are protected in the event of financial difficulties faced by the broker. Additionally, FXTM participates in investor compensation schemes, offering further security to its clients.

　　ForexTime implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to mitigate risks and ensure compliance with international standards.

3. Trading Products and Services

　　ForexTime offers an extensive range of trading products, catering to the diverse needs of its clients. Traders can access over 55 currency pairs, including major, minor, and exotic pairs. The broker also provides a variety of Contracts for Difference (CFDs), encompassing:

• Indices: Major global indices such as the S&P 500 and DAX 30
• Commodities: Precious metals like gold and silver, as well as energy products such as oil
• Stocks: CFDs on shares of leading companies
• Cryptocurrencies: Trading options for popular cryptocurrencies including Bitcoin, Ethereum, and Litecoin

　　FXTM continually updates its product offerings to meet market demands and introduce new trading opportunities. The broker emphasizes retail trading services, while also catering to institutional clients through tailored solutions.

4. Trading Platforms and Technology

　　ForexTime supports the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are known for their reliability and user-friendly interfaces. These platforms provide traders with advanced charting tools, automated trading capabilities, and a comprehensive suite of technical indicators.

　　In addition to the desktop versions, FXTM offers a web-based trading platform that allows clients to trade without needing to download software. The broker also has a proprietary mobile trading application available for both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.

　　ForexTime operates on a No Dealing Desk (NDD) model, which ensures that trades are executed directly in the market without any interference. This execution model, combined with the broker's robust technological infrastructure, provides clients with fast and reliable trade execution.

5. Account Types and Trading Conditions

　　ForexTime offers several account types to accommodate various trading preferences:

• Standard Account: Minimum deposit of $100 with spreads starting from 1.3 pips and no commission.
• Cent Account: Designed for beginners, with a minimum deposit of $10 and micro lot trading.
• ECN Account: Minimum deposit of $500, offering tighter spreads starting from 0.1 pips with a commission of $2 per lot.
• Pro Account: Requires a minimum deposit of $25,000, providing access to the best spreads and execution speeds.

　　All accounts support both MT4 and MT5 platforms, and FXTM also offers swap-free accounts for clients adhering to Islamic finance principles. The leverage ratios vary depending on the account type and regulatory jurisdiction, reaching up to 1:2000 for certain accounts.

6. Fund Management

　　ForexTime supports a wide range of deposit methods, including:

• Bank Wire Transfers
• Credit/Debit Cards (Visa, MasterCard)
• E-Wallets (Skrill, Neteller, Perfect Money)

　　The minimum deposit requirements differ by account type, with the standard account requiring $100 and the cent account only $10. Deposits are typically processed quickly, often within a few hours.

　　Withdrawal options mirror the deposit methods, with specific fees associated with each method. For instance, withdrawals via credit card incur a fee of $3, while bank wire transfers may have higher fees. Processing times for withdrawals can vary, with e-wallet withdrawals being the fastest, often completed within 24 hours.

7. Customer Support and Educational Resources

　　ForexTime provides robust customer support through multiple channels, including:

• Live Chat
• Email Support
• Phone Support

　　The support team is available 24/5, ensuring that traders can receive assistance when needed. FXTM offers multilingual support, catering to a diverse client base.

　　In terms of educational resources, ForexTime provides a wealth of materials, including webinars, tutorials, and e-books. The broker also offers market analysis services, delivering daily insights and research reports to help traders make informed decisions.

8. Regional Coverage and Restrictions

　　ForexTime operates in numerous regions worldwide, with a strong presence in Europe, Africa, and Asia. The broker has regional offices to support its diverse clientele. However, FXTM does not accept clients from certain countries, including the USA, Japan, and several others due to regulatory restrictions.

　　In summary, ForexTime is a well-regulated broker offering a comprehensive range of trading services and products. With a focus on client education and support, FXTM is well-positioned to meet the needs of both novice and experienced traders in the dynamic forex market.

　　This guide provides a thorough overview of ForexTime, highlighting its offerings and operational details. The information presented is based on the latest available data, ensuring accuracy and relevance for potential traders considering ForexTime as their broker of choice.