Secrets to Success in ForexTime Trading

Broker FXTM (ForexTime) offers the opportunity to make a profit through active trading or investment programs. The broker provides a forextime calculator designed to help traders know exactly how much capital they can gain or lose depending on the outcome of a trade. The minimum deposit on a Micro account is $10, which allows novice traders to comfortably and without large investments familiarize themselves with the basics of trading and learn the principles of the Forex market. FXTM serves more than 2,000,000 traders and accepts applications from most countries, including Afghanistan, South Korea, Turkey, and Vietnam. ForexTime is regulated by CySEC (Cyprus Securities and Exchange Commission), South Africa’s FSCA (Financial Sector Conduct Authority), UK FCA (Financial Conduct Authority), and FSC (Mauritius Financial Conduct Authority). Find out more important information in our full ForexTime review.

Foundation	2011
Trading platforms	MetaTrader 4, MetaTrader 5 and FXTM Trader
Accounts	Micro, Advantage, and Advantage Plus
Account currencies	USD, EUR, GBP and NGN
Withdrawal	Visa and MasterCard, electronic payment systems, and bank transfers
Minimum deposit	$10
Leverage	Up to 1:2000
Minimum order	0.01
Commission	From 0.0 pips
Instruments	Currency pairs, precious metals, CFD contracts on stocks, commodities and indices
Margin Call / Stop Out	40-60%; 50/80%
Order Execution	Instant Execution and Market Execution
Trading Features	Stock Trading; VPS server; income and pips calculators; ForexTime converter and MT4 indicators.
PAMM Accounts	No
Mobile Trading	Yes
Affiliate Program	Yes
Bonuses	Yes

Account Types

ForexTime Ltd offers three types of accounts, designed for both professional and new traders. Each account has distinctive features in terms of minimum deposit, leverage, trading assets, margin calls, stop-out levels, and order execution.

Account type	Commission	Withdrawal fee
Micro	From $15	Depends on the payment system
Advantage	From $0.4	Depends on the payment system
Advantage Plus	From $15	Depends on the payment system

Micro account

This account is designed primarily for beginner traders or professionals wanted to try a new trading strategy. The ForexTime minimum deposit is $10, with a fixed leverage of 1:30. Spreads start from 1.5 pips and it offers instant execution on the ForexTime MT4 platform.

Advantage account

Advantage account is the classic ForexTime account, ideal for more experienced traders. It is the most popular account type among the company’s clients. The advantage account requires a minimum deposit of $500 and leverage of up to 1:30. Although spreads start at 0.0 pips, a transaction fee is charged, ranging from 0.4 to $2, depending on the instrument and the client’s trading volume. The available trading platforms are MT4 (a Swap-Free service is offered) and MT5. 

Advantage Plus account

This account is designed for professional traders. It requires a minimum deposit of $500 and accepts currencies such as USD, EUR, and GBP. Forex instruments, metals, stocks, and indices can be traded. Swap-Free service is also offered. The margin call level is 80% and stop-outs are set at 50%. No additional trading commissions are applied. Market entry is through the MT4 and MT5 platforms, with spreads from 1.5 pips and order execution at the market price. 

Deposit and withdrawal

To withdraw funds, it is necessary to send a request, which is processed by the financial department between 6 and 20 hours (GMT+2, and in summer GMT+3). Withdrawal fees on ForexTime vary depending on the payment system used by the trader.

• Bank cards (Maestro, Visa, and MasterCard), electronic systems (Skrill, Neteller, and Dotpay), and bank transfers (Hellenic Bank) are available for withdrawals.
• Withdrawals are made within 24 hours by bank transfers and within a few working days with cards and electronic payment systems.
• Currencies available for deposits and withdrawals include EUR, INR, USD, GBP, PLN, NGN, and CZK.
• To withdraw profits, it is necessary to verify the trader’s account, which can be time-consuming and may require several documents.

Bonification

In many countries, ForexTime offers a 30% sign-up bonus with a limit of $300. Another bonus for FXTM is $50 for users who recommend an FXTM account to a friend, receiving a $50 bonus every time.

Pros and Cons

Advantages

• Minimum deposit of $10;
• Automatic trading is allowed;
• A large amount of training materials;
• Allows you to operate with the most popular trading platforms: MT4 and MT5;
• Proprietary application for mobile trading: FXTM Trader;
• Ultra-low spreads, from 0.0 pips;
• Forextime profit calculator;
• A wide selection of trading instruments is available;
• Offer of services in 150 countries around the world;
• Supervision of broker activities by major financial regulators in four jurisdictions;
• Ability to operate using a VPS;
• Professional support service;
• Specialized support centers Forextime: Indonesia, China, India, Malaysia, Nigeria, South Korea, and Thailand.

Disadvantages 

• Only copy trading is offered for investment;
• Closed on Saturdays and Sundays.

Investment options

Forextime (fxtm) offers a copy trading service that allows you to earn income without being an expert in trading.

Invest Program

To start making profits, investors only need to register, select a trader, and copy their trades. The user can make decisions based on the profitability of trading with a specific manager and, if necessary, choose another one. Investors pay managers a commission only if the operation is successful.

Affiliate Program

For each new client invited, the partner receives $50. Any trader who has an account with Forextime can become a broker partner. Each user’s Personal Account has a unique referral link through which they can attract new clients to the broker. If all conditions are met, the FXTM partner will receive a financial reward for the trading activity of each referred client.

Regulation

Forextime is registered with the UK Financial Conduct Authority (FCA) under number 600475, and is regulated by the Cyprus CySEC (under number 185/12) and the South African FSCA (number 46614). It is also regulated by the Financial Services Commission of the Republic of Mauritius, FSC (number C113012295).

Educational materials

Forextime offers quite extensive and comprehensive educational materials:

• e-books,
• forex trading seminars,
• webinars on Forex trading,
• beginner’s guide to Forex trading,
• forex trading strategies,
• educational videos about Forex
• Forex dictionary.

Opening a trading account

To start trading with Forextime Limited follow 4 steps below:

1. To Forextime login or create a personal account go to the main page of the broker’s website and click on the “Open Account” button.
2. To register, enter your details in the appropriate fields and enter your password. After filling in the form, you will receive a PIN code on your phone or e-mail, which you will need to enter to complete the registration.
3. Fill out the questionnaire with your details, including the source of funds.

After registration is complete, you will enter your account (my Forextime) where you can open a trading account and customize it according to your needs. You will also be able to make financial transactions (deposits, withdrawals, and transfers between accounts).