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.
Full Review for FXTM will be Live Soon!
Until then, the following 3 alternatives have been highly recommended by AtoZ team for anyone looking to make an informed decision when picking out a broker.
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.
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
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.
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.
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.
Furthermore, we have tested FXTM's withdrawal and deposit process. Throughout FXTM review process we have not found any major issue with ForexTime.
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.
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.
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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