7 /10
Overall Rating
FXTM Review & Rating [yyyy]

FXTM Review & Rating 2022

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AtoZ Markets' FXTM review intends to deliver a complete product range as well as client feedback about CySEC regulated Forex broker ForexTime.com. Please beware that FXTM was previously branded as ForexTime.

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FXTM is a Cyprus Forex broker offering various accounts types, MT4 and MT5 trading platforms, and various trading tools. With its focus on Africa and Asia, FXTM is a fast-growing company. They also hold IFSC registration as well besides the CySEC license for the EU clients.

Overview

Company
7 /10
Trust
7 /10
Trading Platform
0 /10
Customer Support
7 /10
Regulation
7 /10

FXTM Broker Review - Pros

As per our research please see below the pros for trading with FXTM broker:

  • Opportunity to trade small volumes, if you are new in the market
  • They try to be fast with customer care

FXTM Broker Review - Cons

Following FXTM's pros, see below the cons for trading with FXTM broker:

  • Their fees for CFDs are considerably high
  • FXTM charges for withdrawals

Company

7 /10

FXTM is one of many international brokers with its headquarter Cyprus. The exact address of FXTM is in FXTM Tower, 35 Lamprou Konstantara,Kato Polemidia, 4156, Limassol, Cyprus.

Since FXTM has a focus on Nigeria, they also have a local team, which aims to host many educational events to attract fresh traders.. They also offer a NGN based account type.

Trust

7 /10

Is FXTM a reliable Forex broker? Based on AtoZForex FXTM review, FXTM started its business in 2012. Based on our research FXTM is regulated through the firm ForexTime Limited, which has an active CySEC license to offer the following Investment and Ancillary Services:

  • Receiving and transmitting orders.
  • Executing orders on behalf of its clients.
  • Dealing on own account.
  • Portfolio Management.
  • Safekeeping of financial instruments and custodianship of cash/ collateral management.
  • Granting credits or loans to one or more financial instruments, where the firm granting the credit or loan is involved in the transaction
  • Foreign exchange services which are connected to investment services.
  • Investment research.

Furthermore, we have tested FXTM's withdrawal and deposit process. Throughout FXTM review process we have not found any major issue with ForexTime.

Customer Support

7 /10

At AtoZ Marktes we believe that reliable Forex brokers must provide reliable Customer care. FXTM Customer care is available to answer your questions 24/5 in multiple languages. Traders can reach out to FXTM customer support via live chat, email, fax, phone and even WhatsApp.

Regulation

7 /10

While looking for a reliable Forex broker traders should also consider regulation. If you are considering to Open an Account with FXTM. Don't forget to ask the following questions: How reliable is FXTM regulation?

Many new traders don't know what to expect from their Forex broker. Traders often wonder what kind of fund security their brokers can offer. Thus, it is essential to trade with a broker with sound trader reviews. But broker reviews cannot be merely relied on. You as a trader should always ask the right question while selecting a reliable Forex broker.

Conclusion

To conclude FXTM review, we can say that FXTM is a Cyprus Forex broker. The company is operating in various jurisdictions. While many brokers focus on developed markets, they also focus on underdeveloped countries with education as a tool to attract new traders.

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