|Company Name||ForexTime Ltd (FXTM)
|Type of Service||International Financial Broker|
|Founded||2011 and Licensed by the Cyprus Securities and Exchange Commission (CySec) in 2012|
|Company Leadership||Andrey Dashin, Founder & Shareholder • Olga Rybalkina, Managing Partner & Minority Shareholder • Nicholas Defteras, CEO • Sergey Chumarov, CTO|
|Official Website||VISIT SITE HERE – Any Available Cashback Rewards Will Be Listed On Site|
|Social Profiles||Facebook • Twitter • Google+ • Instagram • YouTube • Telegram|
|Mobile Apps||Android Devices • Apple Devices|
|Main Location||FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia Limassol, Limassol 4156 Cyprus • Phone: +357 25 55 87 77 • Email: firstname.lastname@example.org|
|UK Office||3rd floor, 5 Lloyds Avenue, London EC3N 3AE • Phone: +44 203 734 2255 • Email: email@example.com|
|Nigeria, Abuja Office||1st floor, Suite 109, Obum Place, Plot 1140, No. 16, Adetokunbo Ademola Crescent, Wuse 2 Abuja, Nigeria • Phone: +234 803 153 4373 • Email: firstname.lastname@example.org|
|Nigeria, Lagos Office||4th floor, 11A Allen Avenue (right beside Mama Cass), Ikeja Lagos, Nigeria • Phone: +234 803 457 3593 • Email: email@example.com|
|Regulated & Licensed by||The Cyprus Securities and Exchange Commission (CySec) (license number: 185/12) • ForexTime UK – Financial Conduct Authority (FCA) (registration number: 600475) • The Financial Services Board (FSB) of South Africa (license number: 46614) • Federal Financial Supervisory Authority (BaFiN) of Germany (registration number: 141282) • Commissione Nazionale per le Società e la Borsa (CONSOB) of Italy (registration number: 3674) • Autorité des marchés financiers (AMF/ACPR) of France (registration number: 74495) • Comisión Nacional del Mercado de Valores (CNMV) of Spain (registration number: 3429) • Financial Supervisory Authority of Norway (FSAN) of Norway (registration number: 4485)|
|Trading Overview||FX Majors, Minors, Exotics, Spot Metals (Gold & Silver), CFDs on Commodity Futures & Shares, ETF CFDs, PAMM Program, MT4 / MT5 for PC & Mac, MT4 for Smartphones & Tablets, Live Accounts, Demo Accounts, VPS Hosting, Web Trader, Copy Trading Service, Video & Written Tutorials, Webinars, Seminars, Leverage up to 1:1000, Low Spreads from 0.1|
|Deposit Methods||Visa, Mastercard, Maestro, China Union Pay, Skrill, Moneybookers, Alfa-Click, WebMoney, Western Union, Payza, Dotpay, Yandex.Money, QIWI, MyPay, Bank Wire|
|Minimum Deposit||5 EUR/USD/GBP • 1,000 NGN|
|Withdrawal Methods||Visa, Mastercard, Maestro, FXTM Virtual Mastercard, China Union Pay, Skrill, Moneybookers, WebMoney, Payza, Yandex.Money, QIWI, Bank Wire|
|Trader Restrictions||Residents in the following areas may not register for an account: USA, Japan, British Columbia, Quebec, Saskatchewan and Belgium. More details on their website|
|Company History||ForexTime (FXTM) was founded more than seven years ago by Andrey Dashin, who is renowned as an industry innovator having also been the founder of one of the world’s most successful brokers, Alpari. ForexTime was established to set a new benchmark in the forex industry by providing the most innovative and revolutionary products and services, and ensuring that clients derive the maximum from their most precious commodity, time.
The company is run by an executive team made up of experts who share decades of experience in finance and, specifically, the forex sector. ForexTime has taken a fresh and dynamic approach to forex trading and, as a result, they have seen the company go from strength to strength since their operations launched. “We set out to challenge the market and set a new benchmark for excellence and we are now seeing this dream turning into reality.” says Olga Rybalkina, CEO of ForexTime (FXTM)
|Mission Statement||ForexTime (FXTM) is an award winning international online Forex broker headquartered in Limassol, Cyprus, which is a major investment hub located at the crossroads of Europe, Africa and the Middle East. The company founded by Andrey Dashin, a man whose business insight and entrepreneurial mind have established the company as a leader in the industry.|
|Official Corporate Video|
|ForexTime Broker Review||Here, we will be taking a look at one of the industries leaders in the world of Forex trading, ForexTime. ForexTime (or FXTM) offers an easy, efficient, and effective way for clients to learn about, trade, and experience foreign exchange, trading and investing.
What is ForexTime (FXTM)?
ForexTime is a Forex trading brand that launched back in 2011 and has since thrived to offer trading conditions unmatched by other Forex trading brands. They do this with the use of innovative tools and education techniques designed to give the trader the upper hand. With connections and team members all around the world, ForexTime has grown into a global trademark within a short period of time.
ForexTime claims to center their mission around time, as this is the most valuable thing we have. Investing your time into something useful is the greatest investment you can make. A strong understanding of the fluctuation of the market and a strong desire for business partners, clients, and team members to grow is what leads FXTM to help you invest your time wisely. With a strong understanding of the importance of education, FXTM leads their clients to get the most out of their investment.
What Are The Values of ForexTime?
Over the past seven years, FXTM has made a surprisingly large impact on the world through worldwide expansion and connections. FXTM has joined forces with the base jumping legend, two-time world champion, and RedBull athlete Valery Rozov due to the mutual value of self-improvement and removal of boundaries. Endurance swimmer and ocean advocate, Lewis Pugh becomes FXTM Brand Ambassador.
Through this connection, FXTM hopes to inspire users to raise themselves to new heights. In addition to working with ideological athletes, FXTM has expanded to countries all over the world. Recently, in 2016, ForexTime has expanded to South Africa, United Kingdom, and Pakistan. Another way that FXTM helps their users succeed and expand is with their innovative mobile application. This application leads the industry into a new trading experience to keep up with current technology and trends.
Transparency is always a subject of interest when it comes to investing and foreign exchange. ForexTime offers complete transparency on trading execution, account funding and opening, and statistics in order to give you an honest, empowering experience. All statistics and information offered by ForexTime are checked for validity by PwC before hand.
Interesting Facts and Products from ForexTime
💡 The new and improved MT5 offers an easier way to understand the method of trading, as well as the long-awaited hedging option that users have been asking for.
💡 FXTM shares data and account information with the New York Stock Exchange and Nasdaq Stock Market for the most recent and accurate statistics.
💡 FXTM has recently surpassed 1,000,000 registered accounts from trader around the world and offers a variety of different methods of payment for potential investors anywhere on the planet.
💡 FXTM recently partnered with MyPay, adding a new deposit method for clients residing in Thailand.
💡 FXTM-backed BASE jumper Valery Rozov recently broke the world record for the Highest Exit Spot for a BASE jump – 7700 meters!
💡 Recently, the FXTM website received a makeover that provides users with an easier navigation and the ability to access the site in over 17 languages.
💡 FXTM teams up with the UN Patron of the Oceans to help protect the world’s blue waters.
Benefits of Working with ForexTime
There are numerous benefits you can reap by choosing to trade with ForexTime. If you are a corporate or retail client they have perfectly tailored solutions built just for you. Because ForexTime is a global broker, FXTM takes great pride in their multi-lingual, highly-educated, and supportive team members who are ready to help you in any language. With a great range of powerful trading tools and instruments, you can trade in any market you want to.
There are over 50 pairs of currency and 180 shared CFD’s to give you a wide variety of opportunities. Clearly, no matter what kind of trader you are, FXTM has the perfect account for you. The ability to trade from nearly any device in the most competitive trading environments sets you on a path to success. Investment programs are designed to be straightforward for people with any amount of experience and lead to powerful partnerships for all.
If you are someone with minimal or no experience trading on trading, FXTM offers extensive and thorough training programs to give you the greatest experience possible and destroy any barriers that may be in your way.
As you are likely aware, ForexTime offers plenty of ways for clients to learn about Forex trading including articles, tutorials, glossaries, and webinars. A large majority of these resources are free and easy to find and use online. The free live webinars are conducted by industry leaders who have well earned their place in the industry and know what they are teaching. Furthermore, the helpful glossary is perfect for newbies who have no idea what common forex trading abbreviations and terms stand for. Clearly, ForexTime offers all the education tools required for anyone to get started in trading.
Trading Account Types
To ensure the perfect fitting account for a large variety of users, ForexTime offers 3 different types of standard accounts and 3 different types of ECN accounts. The standard accounts offer different margins, US shares, hedging, and commission options. The ECN accounts offer more advanced trading options for more experienced users.
ForexTime offers a variety of trading platforms for desktop computers and mobile devices to offer the easiest and most effective trading experience. Platforms offered include MetaTrader5 and MetaTrader4 which are both available on various mobile devices. MT5 is more tailored for an experienced trader while MT4 offers a more simplistic interface and easy to understand options. Either way, no matter what platform you choose to trade with, ForexTime makes it easy for you to trade from any device.
In addition to trading opportunities, ForexTime offers you the ability to invest with an investment strategy managers at different risk levels. They also offer resources that allow you to learn more about investing. There is an investment terminology bank designed to get investors started as quickly and easily as possible. ForexTime also has an investing program called “Copy Trading”.
This program is designed for investors who want to grow their portfolio but lack the knowledge, technical skills, or time to do it themselves. All investments will be managed by an FXTM portfolio manager from a licensed department of experts who have the experience and expertise to help you achieve your goals. When entering this program you can decide what your goals are and how much risk you are willing to take. You will then be set up with a portfolio to invest in.
ForexTime is now proud to announce their partnership and affiliate programs. These programs offer users the resources they need to be placed at an advantage in the Forex partnership world. Every program can offer users with new connections and educators to reach mutual goals. There are both affiliate and introducer programs, with the introducer program creating a more personal relationship with the client, designed to help you succeed with the help of others.
What It’s Like to Trade with ForexTime
Overall, trading with ForexTime is a positive and fun experience due to their great customer service, account types, and trading platforms. The FXTM support is easy to contact, supportive and offers great training programs for new users. Even more, the large variety of account types provides the perfect fit for any trader with any amount of experience. The brand is very friendly to inexperienced traders because of their training and account options, so if you are a more experienced trader, that is something to consider. The trading platforms are very efficient and easy to use but also offer more advanced options if you need them.
One feature that we see putting FXTM above the competition is the worldwide expansion and the ability to communicate in over 17 languages. Other than that, ForexTime is a beginner-friendly trading brand that provides transparency, education, and devotion to its users, clients, and partners.
The Journey Timeline
The Early Beginnings in the Year 2011 – 2012
The birth of the new Forex brand, ForexTime takes place. Awarded with a CIF license by the Cyprus Securities and Exchange Commission (CySEC), the new Forex broker ForexTime Ltd (FXTM) gets ready for its launch. ForexTime is registered as a Cyprus Investment Firm under registration number HE310361, having a license issued by the Cyprus Securities and Exchange Commission (CySEC) under license number 185/12.
Providing unparalleled and superior trading conditions, state of the art tools of trading, are all part of the vision of this new company. The mission statement of ForexTime reads “Time is money, Invest it wisely”. The early beginnings of this brand are marked with technical and operational preparation for the anticipated future growth of the business.
The Year 2013
The start of the year 2013 saw the official operation of the brand ForexTime with the activation of its Cyprus Investment Firm (CIF) license and the launch of its website forextime.com.
Within in very short span, to be more specific, by April 2013, ForexTime won prizes at the prestigious Middle East Mena Forex Awards 2013 in two categories, and in July 2013, it won the “Best Newcomer 2013” award at the World Finance Foreign Exchange Awards.
This year also saw the opening of the representative offices in London, Beijing, and Lagos. In tune with its global expansion, ForexTime steps up its global recruitment initiative with new partners and clients.
With respect to the product portfolio, 70 new trading instruments were added with the introduction of seven new payment methods. The website was also translated into 9 languages. New accounts, free access to trading central, VPS Hosting and MQL5 signals were also introduced.
The Year 2014
Increased trading volumes and an increased number of clients stands as the most significant development that ForexTime achieves this year. Forming an extensive network, ForexTime expands to the Middle East and Asia. This year also sees the company taking giant strides and recognition by reputed financial industry experts. ForexTime becomes a pioneer in running successful educational programs. A new address which is more modern and spacious indicates the tremendous growth that ForexTime is achieving.
The Year 2015
With a key focus on customer satisfaction, there is simply no stopping the development strides that ForexTime is taking. Expansion continues into Europe and many Asian countries. The Market and Research team at ForexTime has amassed great media attention.
This year is a remarkable year for ForexTime, having won numerous awards in various categories such as the “Most Educational Broker” by FX Empire and “Most Trusted Forex Broker 2015” at the Mena Forex Show, Forex Report awards – “Best Broker Eastern Asia incl. China” & “Best Affiliate Program”, “Best Broker – Online Forex Trading – Middle East” from IAIR & “Best Investor Training Institution”.
The Year 2016
As FXTM continues to thrive, their focus is to increase their offering and provide broader financial services, so to meet the needs of their expanding international client base. With the current global crisis having created a unique set of conditions in the Forex market, ForexTime represents an adaptation to an evolving market by fulfilling investors’ and traders’ new demands and expectations.
“We are already developing products and services that are ground breaking and will result in a better trading experience and faster execution for traders,” said Andrey Dashin, Founder of ForexTime Ltd (FXTM).
The Year 2017
FXTM was proud to support the 2016 WTA Finals Champion, Dominika Cibulková, in a partnership that highlighted the perseverance and passion of both player and partners.
FXTM now offers Cryptocurrency CFD trading against the U.S. dollar with Bitcoin, Litecoin and Ethereum. FXTM Invest is now available with ECN Zero and ECN trading accounts, and boasting over 1800 Strategy Managers.
New education centre continues its expansion with 100+ webinars, new Ebooks, short forex trading videos, and educational articles.
The Year 2018-
Having established itself as the global broker with the local touch, FXTM surpasses 1,000,000 registered accounts – with more traders joining every day.
FXTM continues to grow globally, earning a coveted Financial Conduct Authority licence. This complements the other internationally-recognised licences held by the brand. ForexTime UK Limited operates under FCA licence no. 777911.
Olga Rybalkina becomes a Managing Partner and Minority Shareholder of FXTM, supporting Andrey Dashin in the strategic development of the brand. Nicholas Defteras becomes ForexTime Limited CEO, taking over responsibility for the management of the company’s operations.
FXTM now offers 100% reimbursement on all deposit fees, part of our mission to provide our clients with exceptional trading conditions.
|Types of Standard Accounts||Three|
|Standard Account||The Standard Account at ForexTime (FXTM) offers traders a wide range of features and perks suitable for all traders, from the most amateur to the most experienced. This account type was the first to offer traders the ability to trade standard lots (hence the name of the account type) and is the longest standing account type in the Forex market.
• 100 EUR/USD/GBP • 20,000 NGN
• Tight floating spreads
• Majors, Minors, Exotics (59)
|Cent Account||As implied by the title, a Cent Account deals with cents. Deposit 5 dollars and your account will have a balance of 500 cents, deposit 10 dollars and they will be reflected as 1000 cents. There are no major differences in the structure of traditional accounts and cent accounts; the main element which distinguishes the two is that regardless of how much money you deposit, your balance will always appear in cents. The Cent Account is available on Standard MT4 accounts and for those wishing to test it out first, a demo version of this account is available.
• 5 EUR/USD/GBP • 1,000 NGN
• Tight floating spreads
• Majors, Minors (25)
|Shares Account||Trade Share CFDs exclusively on FXTM’s Shares Account. With over 180 shares to choose from, boost your portfolio by taking advantage of their optimal trading conditions, including extremely competitive 1:33 leverage, zero commissions and real-time data straight from the heart of the two largest stock exchanges in the world. FXTM has secured direct liquidity from the renowned NYSE and NASDAQ exchanges. The direct connection from the exchanges means that you will trade with super-fast execution speed and exceptional liquidity, giving you a superior trading experience.
• 100 EUR/USD/GBP • 20,000 NGN
• 180+ US shares
• Share CFDs (180+)
|Types of ECN Accounts||Three|
|ECN Zero Account||ForexTime (FXTM) has introduced the ECN Zero Account, an account through which traders can take full advantage of the traditional account type trading minus the commission charges that are usually charged.
• 200 EUR/USD/GBP • 20,000 NGN
• No commission
• MT4: Majors, Minors, Exotics (48)
• MT5: Majors, Minors, Exotics (33)
|ECN Account||ECN trading has been a milestone in the modern forex industry due to the transparency, ease and advantages that it entails. With direct access to liquidity providers and automatic matching and execution of orders, it has become the way forward for a vast majority of forex traders around the world.
• 500 EUR/USD/GBP • 20,000 NGN
• Spreads from 0.1
• MT4: Majors, Minors, Exotics (48)
• MT5: Majors, Minors, Exotics (33)
|FXTM Pro Account||Ideal for trading professionals, institutional traders and hedge fund managers alike, the FXTM Pro account is designed to satisfy the needs of the most demanding trader. Get the most out of your strategy with the ultimate trading conditions. No commissions, no requotes and no compromises.
• 25,000 EUR/USD/GBP
• Tight spreads from 0 pips
• MT4: Majors, Minors, Exotics (43)
• MT5: Majors, Minors, Exotics (33)
|FXTM Invest Copy Trading Program||About The FXTM Invest Program
FXTM Invest is suitable for clients that don’t have the time, knowledge or experience to trade the currency markets by themselves. The ForexTime (FXTM) Portfolio Management Department (PMD) will find the most suitable portfolio for you to invest in, taking into consideration your financial goals and needs and allocating your funds to the right portfolio according to your risk profile. You only have to choose your financial goals and the risk you are willing to take and their Portfolio Management Department will arrange a suitable portfolio for you to invest in.
Steps to Becoming a Copy Trader:
1. Register with FXTM and go to the FXTM Invest section in MyFXTM
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. Also, the past performance of any trading methodology is not necessarily indicative of futures results.
ForexTime (FXTM) Brokerage
- Fully Licensed and Regulated by Multiple Governing Bodies
- Over 1+ Million Registered Accounts
- Offers VPS Hosting For Forex Traders
- Offers Cryptocurrency Trading (Bitcoin, Ethereum, Litecoin, and Ripple CFDs)
- Offers Demo Accounts
- FXTM Invest's Copy Trading Program For Those Just Learning To Invest
- Not Available for US Clients
- Still A Newish Brokerage firm