Abstract：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.
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.
BK Market offers its clients forex pairs, indices, shares, commodities as well as digital money.
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.
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.
FXTIME claims that it offers 24/5 customer support though various channels, including telephone: +41445514229, Email: email@example.com. Unfortunately, live chat is not available.