2020-03-05
2021-03-29
|Brokers
About WikiFX
|
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
AAA
Market Making(MM)
CYSEC Regulated
Straight Through Processing(STP)
FCA Regulated
Financial Service Corporate
FSCA Exceeded
Company Name:
Forextime LtdCompany Abbreviation:
FXTMPlace of registration:
United Kingdom
Regulatory Status:
RegulatedCustomer Service Email Address:
support@fxtm.comCustomer Service Phone Number:
400-006-0069Company summary
WikiFX Risk Alerts
Previous Detection: 2021.08.05 Risk: 3 Item
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Exhibition Area
Survey
MT4/5
Website
Genealogy
Clones
Keywords
Time Machine
Score
Total Margin
Active Trading
New User
Stop Out Rate
Total Profit
Total Tnxs
Spread Cost
Net Deposit
Net Withdraw
Delivery Index
Market Analysis
Material Delivery
Ad Brand
Search Source
External Chain Proportion
External Chain Summary
Language
A client has complained that he applied for withdrawal but they kept his withdrawal pending for days, asking for numerous documents. He has also complained that they charge on deposit on days when no trade is done.
FXNAVbro5427
2021/08/03
Bangladesh
When you deposit a check, you naturally expect the money to show up in your bank account. You probably also expect to be able to use that money whenever you need it. In most cases, that’s exactly how it works, and there are no problems.
FXSJSxjk7438
2021/07/21
Nigeria
A client has complained FXTM closed his trade without informing him and without any valid reason. He has also complained about other unethical practices of this broker.
FXNAVbro5427
2021/06/27
Bangladesh
Deposits used to arrive so quickly while the deposit can’t arrive timely now. The customer service asked me to contact the bank by myself. While the bank showed that the deposit arrived. It’s just 100 yuan.
FXOVOmpq5834
2021/06/18
Vietnam
some candlesticks different from tradingview and other brokers
FXQNVeua6647
2021/06/15
Nepal
Founded in 2011, FXTM is an online forex broker, providing services for 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).
WikiFX
Forextime(FXTM), a forex company with a high reputation in the United Kingdom, has more than 10 years of forex business. FXTM not only owns a strong customer service team for traders but also has a very sound regulatory system.
WikiFX
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
Cyprus
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 Forextime Ltd cysec20200509更新 View Certified Documents Cyprus Forextime Ltd View Certified Documents
The 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
United Kingdom
Regulatory License No.：
777911Email Address of Licensed Institution :
info@forextime.co.ukLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
1 St. Katharine's Way London E1W 1UNE 1 W 1 U N UNITED KINGDOMPhone Number of Licensed Institution :
442035141251Licensed Institution Certified Documents :
Forextime UK FCA牌照信息截图20200402 View Certified Documents 777911 fca210705 View Certified Documents Forextime UK Limited FCA View Certified Documents FXTM-FCA777911牌照201216 View Certified Documents
The 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
South Africa
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 Documents
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Basic Information & Regulators of FXTM
Founded in 2011, FXTM is an online forex broker, providing services for 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).
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 various 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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Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
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.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.
