In this ForexTime Review, we are going to take a look at the offer that this broker prepared for its traders. ForexTime is regulated by the CySEC in Cyprus and by the FCA in the UK. ForexTime operates on the financial market since 2011. When it comes to trading platforms, the broker features MetaTrader 5, FXTM Trader and WebTrader and MetaTrader 4. The ForexTime minimum deposit is 10 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this ForexTime Review
Website address: | forextime.com |
Operated by: | FXTM group |
Licensed and authorised by regulatory bodies: | CySec FCA FSC Mauritius FSCA |
Supported languages: | English, German, Spanish, French and Portuguese |
Customer support available via: | |
Contact details: | [email protected] +44 20 3734 1025 |
Available deposit methods: | Bank transfer, VISA, MasterCard, Alfa-Click, Bitcoin, CASHU, Dash, DixiPay, DusuPay, Ether/Ethereum, FasaPay, Globe Pay, Konnexone, Litecoin, Local bank transfers, Maestro, Neteller, Ngan Luong, PerfectMoney, Qiwi, Skrill, VLoad, Yandex Money |
Available withdrawal methods: | VISA, MasterCard, Bitcoin, Dash, DixiPay, DusuPay, Ether/Ethereum, FasaPay, Globe Pay, Konnexone, Litecoin, Local bank transfers, Maestro, Neteller, PerfectMoney, Qiwi, Skrill, UnionPay, VLoad, WebMoney, Yandex Money |
Minimum deposit: | 10 USD |
Min. trade in lots: | 0.01 |
Spreads: | Typical spread on the currency pair EUR/USD - 0,4 pips * on standard account type |
Tradable assets: Might be a CFD. | Forex (55), cryptocurrencies (4) |
Mobile app: | |
MetaTrader 4: | |
Other trading platforms: | MetaTrader 5, FXTM Trader and WebTrader |
Social trading: |
ForexTime Fees (typical spreads)
We have scanned fees (typical spreads) that ForexTime charges when trading popular currency pairs, here is their breakdown in pips.
EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
---|---|---|---|---|---|
* | 0,4* | * | 0,6* | 0,3* | 0,5* |
*Typical spreads were recorded on 17.01.2020 at 21:21 for the standard account. ForexTime spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: Bleaxmond, GOMarkets, NSFX and FXTiS
Frequently Asked Questions
🧐 Is ForexTime a Scam?
ForexTime is a broker licensed and regulated by the CySec, FCA, FSC Mauritius and FSCA. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that ForexTime is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the ForexTime minimum deposit?
In order to start trading with ForexTime, you have to deposit at least 10 USD.
📵 What deposit and withdrawal methods ForexTime supports?
⚖️ Would you recommend me choosing ForexTime?
We don’t have our own personal experience with ForexTime. However, because the broker is regulated by the CySec, FCA, FSC Mauritius and FSCA, there is a high chance that it is not a scam. With that being said, it still does not mean that ForexTime is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.