
FXTM · Cyprus
2020-03-05
Rating
/10.00
The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
Benchmark
AAAMarket Making(MM)
CYSEC Regulated
Straight Through Processing(STP)
FCA Regulated
Financial Service Corporate
FSCA Exceeded
Company Name:
Forextime LtdCompany Abbreviation:
FXTMPlace of registration:
Regulatory Status:
RegulatedCustomer Service Email Address:
support@fxtm.comCustomer Service Phone Number:
+44 20 3734 1025Company summary
Founded in 2011, FXTM is a global leader in the online forex trading industry. FXTM is a leveraged trading specialist that allows clients to trade foreign exchange, indices, commodities, and more financial instruments. FXTM is regulated in multiple jurisdictions worldwide, with offices in Europe, the Middle East, Africa, Asia, and Latin America, attracting over 2 million clients from over 150 countries worldwide. Exinity Limited is regulated by the Mauritius Financial Services Commission, and Exinity UK Ltd is regulated by the Financial Conduct Authority (FCA) in the UK (Reg. No. 777911), and Forextime Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) (Reg. No. 185/12). About MoreWikiFX Risk Alerts
Previous Detection: 2021.04.15 Risk: 2 Item
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MT4/5
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Keywords
Time Machine
Score
Total Margin
Active Trading
New User
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Market Analysis
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It looks like a real one. I almost trust it. The same trap. Let your profit and withdraw funds in the beginning and make you add more.
Hit the SL suddenly
still the withdrawal was not ensured!
I deposited $100 for almost three they added only 0.75 as a return. this discouraged me and trying to withdraw but they requested proof of address from and I sent my landlord bill as a proof of address, yet they keep asking to upload documents!
There is no access to withdrawal. After we complained, they added a Nigeria withdrawal access. No answer after I contacted the customer service three weeks
The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.
Current Status:
RegulatedLicense Type:
Market Making(MM)Regulated in Country/Area
Regulatory License No.:
185/12Email Address of Licensed Institution :
compliance@forextime.comLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
35, Lamprou Konstantara Street, FXTM Tower, Kato Polemidia, CY-4156 LimassolPhone Number of Licensed Institution :
+357 25 558 777Licensed Institution Certified Documents :
18512 牌照信息 View Certified Documents Cyprus Forextime Ltd View Certified Documents Forextime Ltd cysec20200509更新 View Certified DocumentsThe Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.
Current Status:
RegulatedLicense Type:
Straight Through Processing(STP)Regulated in Country/Area
Regulatory License No.:
777911Email Address of Licensed Institution :
info@forextime.co.ukLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
30 Churchill Place London E14 5EUE 1 4 5 E U UNITED KINGDOMPhone Number of Licensed Institution :
442035141251Licensed Institution Certified Documents :
FXTM-FCA777911牌照201216 View Certified Documents Forextime UK FCA牌照信息截图20200402 View Certified Documents Forextime UK Limited FCA View Certified DocumentsThe Financial Sector Conduct Authority (FSCA) is the market conduct regulator of financial institutions, that provide financial products and financial services, financial institutions that are licensed in terms of a financial sector law, including banks, insurers, retirement funds and administrators, and market infrastructures. The FSCA is responsible for market conduct regulation and supervision. FSCA aims to enhance and support the efficiency and integrity of financial markets and to protect financial customers by promoting their fair treatment by financial institutions, as well as providing financial customers with financial education. The FSCA will further assist in maintaining financial stability.
Current Status:
ExceededLicense Type:
Financial Service CorporateRegulated in Country/Area
Regulatory License No.:
46614Email Address of Licensed Institution :
--License Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
FXTM TOWER 35 LAMPROU KONSTANTARA, KATO POLEMIDIA LIMASSOL, CYPRUSPhone Number of Licensed Institution :
00357 25558777Licensed Institution Certified Documents :
FXTM FSCA监管截图1 View Certified Documents FXTM FSCA监管截图2 View Certified DocumentsIdentification Result
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Basic Information & Regulators of FXTM
Founded in 2011, FXTM is a global leader in the online forex trading industry. FXTM is a leveraged trading specialist that allows clients to trade foreign exchange, indices, commodities, and more financial instruments. FXTM is regulated in multiple jurisdictions worldwide, with offices in Europe, the Middle East, Africa, Asia, and Latin America, attracting over 2 million clients from over 150 countries worldwide. Exinity Limited is regulated by the Mauritius Financial Services Commission, and
Exinity UK Ltd is regulated by the Financial Conduct Authority (FCA) in the UK (Reg. No. 777911), and Forextime Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) (Reg. No. 185/12).
Safety Analysis of FXTM
FXTM holds two major regulatory licenses and has partnerships with major European banks. Client funds are completely separate from the company's operating funds and are held at various banking institutions. FXTM (Exinity Limited) will never use client funds for company operations or any investments, ensuring that they are protected at all times. Please note that FXTM offers a high level of leverage for forex investors, and investors should use leverage with caution.
Market Instruments
FXTM offers over 250 trading products to investors worldwide, covering a wide range of investment instruments such as currency pairs, precious metals, commodity CFDs, index CFDs, equities CFDs, and more.
Leverage & Account of FXTM
To meet different investors' investment needs and trading experience, FXTM has set up several account types. The main account types are Standard and ECN accounts. Standard Accounts are subdivided into Standard accounts (minimum deposit of $100/€/£, floating leverage of 1:2000), FX Cent accounts (minimum deposit of $10/€/£, fixed leverage of 1:1000 to 1:25 (FX), 1:500 to 1:25), and Equity CFD accounts (minimum deposit of 100 USD/EUR/GBP, fixed leverage 1:10 for US equities, 1:3 for European equities). ECN accounts are divided into ECN accounts (minimum deposit 500 USD/EUR/GBP, floating leverage 1:2000), ECNzero commission accounts (minimum deposit 200 USD/EUR/GBP, floating leverage 1:2000) and FXTM Pro accounts (minimum deposit 25, 000 USD/EUR/GBP, leverage: 1:200 to 1:25).
Spreads & Commission Fees of FXTM
Minimum spreads start at 1.3 pips for Standard accounts, 1.5 pips for Forex Cent accounts, and 0.1 pips for Equity CFD accounts. Minimum spreads start at 0.1 pips for ECN accounts with a commission of $2 per lot (one side), minimum spreads start at 1.5 pips for ECN zero commission, and 0 pips for FXTM Pro accounts. FXTM offers flexible rules for ECN MT4 accounts offer flexible rules for floating commissions. The more funds an investor has and the larger their trading volume, the lower the commission they pay. Please note that the commission formula for ECN MT4 is: (Volume * Contract Operation * Opening Price) / 1,000,000 * Commission * 2.
Trading Platform Applied of FXTM
FXTM offers desktop, Apple, mobile, and tablet versions of the industry-leading trading platforms MetaTrader 4 and MetaTrader 5 to meet a wide range of traders' needs and increase their trading flexibility. If traders prefer to trade directly through their browser, they can use MT4 and MT5 on PC and Mac To trade, WebTrader - no download required! For traders with multiple accounts, FXTM also offers traders a Multiple Account Management System (MAM) on MT4 for easy management and ultimate convenience.
Deposit & Withdrawal of FXTM
FXTM offers its clients a wide range of secure and convenient deposit and withdrawal methods, mainly VISA, MasterCard, Maestro credit cards, Skrill, Moneybookers, VLOAD, TC Pay wallet, NETELLER (VIP clients only), PayPal, Perfect Money, Bitcoin, Internet banking, local transfers in India and Pakistan, local transfers in Nigeria, no commission for deposits. Withdrawals via VISA, MasterCard, Maestro are subject to a fee of US$3/€2/£2. Withdrawals via PayPal are subject to 2%, withdrawals via Perfect Money are subject to a fee of 0.5%, withdrawals via Bitcoin are subject to a fee of 1%. There is no fee for other withdrawal methods.
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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