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Cyprus|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|


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+41 445514229


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Warning: Low score, please stay away! 6
Previous Detection : 2023-10-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The CyprusCYSEC regulation (license number: 185/12) claimed by this broker is suspected to be clone. Please be aware of the risk!

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Pyramid scheme complaint
Unable to withdraw

They won't let me withdraw the money please help me

when they contacted me they told me that i could start with 430 canadians and that i had a trial week so that later if i saw good profits i would continue investing and likewise it was a week there were half by half profits and i reinvested 2500 canadians and the profits continued and the broker called ivana and this is her phone number told me that she had a good project and that i had to invest 10,000 euros but i didn't have them. the only thing i could get from a bank card was 5,000 canadian and we deposited it, i told her. that for that money i had to pay a monthly interest of 600 canadian dollars and he told me that we could take it out that it was not a problem but later i found out about this page and i realized that this company FXTIME it is not regulated and the brokers showed me the data of this other company called fxtm to which i wrote and they told me that they had nothing to do with FXTIME so i paid more attention to the operations that the brokers were doing and i realized that they were moving the graph in profit since i was getting very good profits. to close the account and withdraw all the money and i told her that it was fine that she was going to withdraw everything and close the account but she sent me a document that says that i have to deposit 6180 euros of taxes before april 4, 2023 and if i don't deposit them i lose all my money that there are already 30,900 euros but i know that if i deposit they will scam me and i'm afraid since i have 7,930 canadian invested and i owe money to the bank and i don't even have enough to pay the interest for please, i am writing to you to see if you can help me to recover the money and so that people are careful when they are going to invest, that they inform themselves first so that this does not happen to them.

2023-03-28 23:36

FXTIME · Company Summary

General Information & Regulation

FXTIME is said to be a Cyprus-registered broker, with its founding time, actual address, and the company behind it not disclosed to all. FXTIME is not subject to any regulation. So, it is unsafe to trade with this broker.

Markets Instruments

BK Market offers its clients forex pairs, indices, shares, commodities as well as digital money.

Minimum Deposit

The minimum initial deposit required by FXTIME is $250, in line with the industry standard. However, traders are not advised to open real trading accounts here, given the fact that FXTIME is not subject to any regulation.


FXTIME offers the leverage 1:100 up to 1:500. Still, be aware that higher leverage comes with a price – the higher the leverage, the higher the risk of loosing your funds with the slightest fluctuation of the market.

Spreads & Commissions

FXTIME advertises that its lowest spread from 0.0 pips, but itt does not specify its spreads on particular instruments, when it comes to this part.

Trading Platform Available

BK Market offers a web based trading platform, which lacks some basic features, standard with classic trading platforms such as the MetaTrader4.

Deposit& Withdrawal

Potential clients of the brokerage have a very poor choice of payment methods before them. They may deposit or withdraw only via VISA, MasterCard and Maestro, bank/wire transfer. Popular options such as Skrill or Neteller are missing. There are both deposit and withdrawal fees. There are as follows: 1.5 per cent for credit cards, and 1 per cent for bank and wire transfers respectively.

Customer Support

FXTIME claims that it offers 24/5 customer support though various channels, including telephone: +41445514229, Email: Unfortunately, live chat is not available.

User Reviews

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more than one year
This company does not provide online chat service, only contact by email or phone, which gives me the feeling that it is relatively inefficient.
2022-12-15 17:40
more than one year
Awful, this company claims to have multiple regulatory licences, but wikifx info shows that none of them are valid... mostly cloned licences. Other language content on the page is provided by Google Translate, and some parts don't make any sense.
2022-12-02 17:48
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