Top Binary Options Broker 2020!
Perfect For Beginners and Middle-Leveled Traders!
Free Education How To Trade!
Free Demo Account!
Big Sign-up Bonus!
Good Choice For Experienced Traders!
Leverage: 1:30 | 1:200
Regulation: CySEC,FCA, FSCA
Min. Deposit: US$200
Platforms: MT4, MT5
Found in: 2020
- ForexTime Limited – authorized by CySEC (Cyprus) registration no. 185/12
- ForexTime Limited – authorized FSCA (South Africa) registration no. 46614
- ForexTime UK Limited – authorized by FCA (UK) registration no. 600475
- Exinity Limited – authorized by FSC (Mauritius) registration no. C113012295
- Our Review
- FXTM User Reviews
- FXTM News
What is FXTM?
The FXTM or Forex Time company launched in 2020 with its headquarters in Cyprus (Limassol) also authorized by Financial Conduct Authority and other regulators, been named as one of the world’s fastest growing and best forex brokers. As in a relatively short time the firm showed great and rapid growth within Europe and beyond through its focus on Africa and Asia regions.
The broker establishes its core on reliable trading conditions and detailed education and brings trading across the world with its accessible trading around the globe, regardless of the trader’s knowledge. However, the chain of FXTM offices also established around Europe, located in the UK and maintaining entity in South Africa.
|• Founded in Cyprus and known worldwide as one of the best Forex Brokers
• Regulated by the Cyprus and several Forex authorities
• Numerous industry awards
• Low Deposit Requirement
Best Binary Options Brokers 2020:
• Tight Spreads
|• Withdrawal fee
• High Stocks trading Spread
10 Points Summary
|1. FXTM is an international brokerage firm established with headquarter in Cyprus and numerous entities around the world. And high focus on Africa, South Africa and Asia regions
2. Trustable company due to its regulations set by world leading regulators FCA, FSCA etc
3. MT4 and MT5 Platforms offered as a trading software available in desktop, Web and mobile versions
4. The broker offers a wide range of Forex and CFD product including Cryptocurrency
5. Some of the best organization in terms of Forex Education with Webinars, Seminars and Advanced Learning Centers available to all
6. Demo Account available with no restriction, also further FXTM offers a great range of account types suitable for various types of investors
7. Trading costs for CFD Stocks are low, yet Forex fees for Standard proposal are average
8. Various base currencies offered and supported at account preference
9. Min deposit starts from 10$ for cent account with no fees. Withdrawals are also free, however, some methods may charge fees
10. Great range of payment methods accepted for money transfers including Bitcoin, e-wallets and Credit Cards
From the fast client approval to the general trading process, comprehensive learnings and available features, FXTM proves its high ranking among the traders’ community with more than 90% of positive feedbacks.
The numbers are actually confirmed by the large community of traders with about 750,000+ active accounts that growing, numerous attractive opportunities and gained vast awards for excellence in trading.
FXTM also proudly takes an active social role while supporting and sponsoring various world Sports alike Sahara Force India Formula 1 team and regularly reveals in the media.
Is FXTM safe or a scam?
ForexTime Ltd, ForexTime UK Ltd and Exinity Limited are three entities under the FXTM brand that provides trading services to more than 10,000 clients from over 135 countries around the world. And important to note comply with the necessary regulatory guidelines in every region FXTM operates, which gains a high score from us in terms of its trust.
This question is indeed the most crucial one, as investor accounts lose money and if you trade with the unregulated entity the High risk to lose funds is dramatically high.
|• Regulated by several authorities Cyprus CySEC, Financial Conduct Authority FCA and South Africa
• Negative balance protection
|• Not listed on Stock Exchange|
Is FXTM a legit company?
Yes, FXTM is a legit broker, as each of the entities and brands that it serves is authorized and regulated by various global jurisdictions.
The main entity ForexTime Ltd is regulated by CySEC of Cyprus, authorized by FSCA of South Africa, and additional offshore authority FSC in Mauritius. Also, the FXTM UK brand is licensed by the Financial Conduct Authority known sharp regulator, which has principals built by European MiFID and ICF allowing cross broker activity.
|FXTM legal entity||Investor Protection FXTM License Number|
|ForexTime UK Limited||Regulated by FCA (UK) registration no. 600475|
|ForexTime Limited||Authorized FSCA (South Africa) registration no. 46614|
|Authorized by Authorized by Cyprus Securities and Exchange Commission registration no. 185/12|
|Exinity Limited||Authorized by FSC (Mauritius) registration no. C113012295|
How are you protected?
Since FXTM license means its compliance with all the strict regulatory requirements, trader’s investment considered to be safe, as the broker completely segregates funds from the operational funds of the FXTM while kept in leading and reputable EU banks.
In addition, FXTM is a member of the Investor Compensation Fund that compensates in case of the company insolvency, as well as protected by the negative balance protection and other requirements that are audited on a regular basis by the authority.
When you trading with FXTM you are able to operate with fixed or floating leverage. The leverage indeed a very useful tool, especially for the traders of smaller size, as it may increase your potential gains timely due to its possibility to multiple initial account balance in a particular number of times.
What is the risk level?
Yet, remember that correct leverage should be set to various instruments, as it may increase your risk level and potential loses as well. Therefore, FXTM leverage is determined by various measures and firstly set according to the regulatory requirement in the region or another. And then is also based on the trader experience and knowledge, so always check with customer support team first which one is applicable for you.
So if you would like to operate under higher leverage ratios like 1:400, 1:500 or even 1:1000 you may open an FXTM account under a particular entity that allows such high leverage levels, which is offered by the global brand.
Otherwise, if you are a resident of Europe or UK, as well holding an account under European entity which obliges to ESMA regulation, the maximum current leverage ratio is set to a
- 1:30 on Forex instruments
- 1:20 Spot Metals, 1:10 XAG USD
- 1:20 Minor Currency Pairs
- 1:5 Shares
Despite the majority, the FXTM trading accounts are truly ensuring each client convenience by separate accounts for Forex trading and Invest Accounts. Then there is a further split to your preference of the trading transactions, instrument and the trading size, which all in all offers you 6 Account types.
Making the story short, it means that if you prefer to use ECN execution you have a choice between various FXTM ECN accounts, or an option to be based on Standard Accounts with no commission and all costs built into the spread.
However, always make sure to verify under which entity you will trade as FXTM offering may be slightly different for Forextime Limited, ForexTime UK or Exinity Limited. In this FXTM review we will cover Forextime offering in detail so you would understand conditions better.
|• Fast Account Opening, fully Digital
• 6 Account types with ECN and Standard execution
• Great options for a particular trading style
• Low Minimum deposit
• Free deposit
What are the account types?
So now let’s get a closer look at FXTM Standard Accounts which are divided into three options – Standard, Cent Account and Shares Account.
FXTM Standard Account – is a most balanced feature for all with floating spread from 1.3 pips, while FXTM Cent Account is a good choice for beginners with a small deposit to start – 5$, spreads from 1.5 pips and instant execution model or Cent lots.
FXTM Shares Account is specifically designed for traders who prefer trading on stocks over 120 US shared, allowed hedging and as spreads as low as 0.1 pips.
The second group of accounts are known as FXTM ECN Accounts that are also split into three features integrated to specific needs.
FXTM ECN Zero Account– is a non-commissionable account with a quite low deposit of 200$ for a start, spreads starting from 1.5 pips with no re-quotes execution and allowed hedging, scalping features.
FXTM ECN – account enclose commission of 2$ per lot, but including unlimited orders and you can enjoy low spreads from 0.1 pips. And the last is FXTM Pro Account – designed for professionals with a deposit of 25,000$, but offering floating leverage, interbank spreads starting at 0 and a great variety of assets.
So as you see there are plenty of flexible choices between the best working model for you, which might be confusing at some moment but generally very well organized with or opinion.
How do I open an FXTM account?
FXTM accepts clients from almost every world country, however there are might be some restrictions due to regulations alike implemented for residents of Japan, USA, etc.
So step by step process of opening requires you to follow the FXTM sign-in link where you will be guided through a quite simple process of opening step by step.
Opening an account step by step
2. Enter your personal data First and Last Name, Country of residence, email, phone, etc.
3. Answer online questioner about your trading knowledge and expectations
4. Select the account type
5. Verify your account by upload of your identity confirmation. These may include residential proof, copy of your ID, bank statement etc.
6. Once an account is activated and proved you may follow with the money deposit
Getting to another important question about Fes, which are mainly built into a spread are also defined by the account type you use. In addition, you should always consider other fees like non-trading fees, withdrawal fees which we will see in detail further.
Generally, FXTM offering built through tight floating spreads while Standard MT4 spreads start from 1.6 Pips and from 0.1 pips for ECN accounts available on both platforms MT4 or MT5, but will add on a commission charge per order.
|• Flexible fee conditions defined by the account type
• Availability to trade with interbank variable spread plus commission
• Cent Account trading
• Low Stock and Index fees
|• Standard spread is high compared to other brokers
Our find on Forex Fees
Forex fees offered by FXTM based on spread only with no commission in case you use Account based on Standard. This type of fees brings you the simplicity of the calculation and is the best suitable option for many traders despite the strategy.
If you wish to trade Shares, the spreads leverage will be the only charge, which is a quite competitive and very pleasant offering compared to the industry. Below you may see some comparison between other trading CFDs brokers, yet remember this is the standard proposal that seems to be average and high at FXTM. But, as we see FXTM proposal is very flexible so with account types and depending on the instrument you trade FXTM may bring you almost the best proposal in terms of its fees.
Comparison between FXTM fees and similar brokers
What is FXTM commission?
So while you trade with Standard proposal there is no commission charges, as all costs built into a spread. Yet, if you select FXTM ECN account you will trade with interbank lower spread and commission charges applicable. A commission that you will be charged in case you use ECN MT4 account, is defined by the trading volume you operate see snapshot below.
Moreover, there is an additional feature for FXTM Invest Account, a quite simple profile that including copy trading tool supported by the Top Strategy Managers and suitable for the traders of almost all degrees.
For accurate and updated information please check the official FXTM website, as well as you may compare fees to FXTM peer XM Trading.
An overview of the Non Trading Fees
These fees should be considered also, as FXTM will charge you 5$ per month in case you didn’t show any trading activity for a period of six months or more, this is known as FXTM Inactivity fee.
Despite this, there is no deposit fees or some of the withdrawals are free as well, which we will see in our FXTM review further, so all in all FXTM fee structure is quite transparent and well built.
Deposits and Withdrawals
In terms of the funding methods, FXTM made it quite simple and straight forward process with a truly wide range of funding options that will assist you to find a suitable money transfer provider.
In order to fund an account or to send money to it you may choose among the following methods, which may also vary according to your country of origin. Also, FXTM is really quick with your deposit processing, as it mentions within 2 hours money will be available at your account so you may start trading instantly.
What is the minimum deposit on FXTM?
The minimum deposit requirement for you to start trading at FXTM is set to as low as the $/€/£ 100 available for Account Standard and only 10$ for a Cent Account. Also, all deposit fees are covered by the company which is great for your smart money management.
How do I withdraw money from FXTM?
Once you decide to withdraw money from you account you obviously should submit an online request and follow with the required procedure. To make it short you simply should follow the following steps
How long does it take to withdraw from FXTM?
From the moment you submit and confirm the request to withdraw money from your account the accounting department of FXTM typically processed and confirm withdrawal within 2 business days.
Yet, you should always consult with customer service and confirm data, as various jurisdictions may apply slightly different rules. Also, give it some days for the payment provider to process the transaction that also depending on particular international or provider rules.
FXTM withdrawal fee applied to some of the payment methods, while others may be provided with 0% commission.
Since the variety of payment methods truly widely presented, the withdrawal fee varies from one option to another. As an example, Credit Cards withdrawal features 3$ fee, while Bank Transfer will cost 30$, and WebMoney will charge 2% above the requested amount. However, these withdrawal fees still considered to be on a low level comparing to other industry offerings.
Another great possibility offered by FXTM is an option to get Bonus through frequent promotions and cashback programs broker offers.
Does FXTM have Bonus?
Yes FXTM offers Bonus programs. However, the Bonus program is strictly available only for the international brand of FXTM and those clients that are trading or holding an account with Exinity Limited, registered under the laws of Mauritius.
How do I claim my FXTM bonus?
So if you open an account with the international entity of FXTM you may claim your bonus according to the recent promotions FXTM runs.
At the time of the FXTM Review writing, you may claim Welcome Bonus and earn 30$ tradeable credit, while you should register for an account then select the 300$ bonus promotion, deposit funds and start trading. Also note, every bonus program applies specified terms and conditions on how it should be used or accessed.
Generally speaking, FXTM offers good range selection of markets and account features among the industry brokerage offering.
The trading markets include 250+ financial instruments, Forex products with over 50 currency pairs including attractive FXTM CFDs on Cryptocurrencies such as Bitcoin, ETH, Litecoin, Ripple. Also, you may select spot metal CFDs, share CFDs on over 170 major companies, CFDs on Commodities and CFDs on Indices.
FXTM Markets compared to similar Brokers
It is also good to compare FXTM to other industry offerings, so in the table below you may see available assets and instruments.
FXTM Trading Platforms
FXTM trading technology and toolbar use the industry’s leading software third party providers, which doesn’t require a presentation, as these platforms are MT4 and MT5. However, a progressive technology of the MetaTrader was combined with FXTM’s unparalleled trading services that allowing smooth operation and enhancing your trading capabilities all in all making trading powerful processes.
Web Trading Platform
Since the FXTM platform is MT4 or MT5 software both offers various versions available either as WebTrading platforms or the one that can be installed directly at any device. Web trading software is a great option if you are a beginner or regular size trader, as platform accessible right from the browser, does not require any installation, easy save and navigated.
Look and feel
Desktop Trading Platform
If you require more tools along with powerful customization you better choose Desktop version. MetaTrader supporting all kinds of devices including PC, MAC as well as accessible Multi Terminal that is useful for money managers. Hence you will always have access to your account at personal convenience.
All necessary and useful tools are also included into the package, from risk management to analysis, as well as a unique developed trading tool like – Pivot points strategy and trading signals. Along with converters, calculators that designed to make trading to the trader of any level more professional.
•The comprehensive range of tools
•Automated trading capabilities
•Clear look and fee report
•Industry leading software that does not require familiarization
•Tons of education material and automated strategies available
|• No proprietary platform|
Mobile Trading Platform
Of course, FXTM offers applications for mobile or tablet devices, so you will always have access to your account at personal convenience. Design is clear and customizable which is always good, yet app packed with tools and alerts so you always remain updated.
•Full control over your trading account
In addition to its powerful feature and clear possibility to monitor markets the FXTM platform also enables automated trading which is the execution of orders automatically according to the implemented strategy.
Or you may use the powerful capability of Social Trading alike becoming an investor, this option allowing you to follow ranked strategy managers which you can choose through numerous criteria or filters to follow. In reverse, professionals may become managers and gain extra income by being copied.
Another good point in its client-oriented philosophy of FXTM operation is a competent customer service that is available through various sources including Online Live Chat, Phone, emails, Messenger applications etc. Apart from the positive and high regard from the clients in terms of its good reputation, FXTM also supports a great range of languages, so you always may count on help whenever you needed it.
There are established centers in Asia region including Indonesia, Malaysia, Thailand, China, as well as Africa region, Europe and more, so it is true to state FXTM covers the global needs of traders.
•Support of international Phone lines and range of languages
•Fast and appropriate answers
Education & Research
Overall, the main approach of the FXTM we can characterize as a client oriented broker, mindless the trader’s trading capital, experience or style FXTM have a solution to meet a particular need and provide outstanding service in almost every way.
In terms of education, FXTM hosting regular educational events in various cities around the world while satisfying the demand to start the trading journey and supporting with learning material everyone who would like to engage into trading. There are webinars, seminars, platform tutorials, trading tools, research tools, superb glossary, Forex news, Economic Calendar, Market outlooks and Analyst analysis all remaining at your disposal.
Eventually, FXTM education is one of the best we see in the industry, so this point is definitely well organized and highly recommended for your attention.
•Great learning material and research tools
•Well organized Forex News, Market Outlook
•Numerous Trading ideas
•Social Trading benefits
•Demo Contests, Live Forex Contests
What is more, Forex Contest is established by FXTM competition held regularly and is one of the ways to test strategy, polish skills and grow confidence. A truly challenging experience available in both Demo and Live accounts hence is an ideal for both experienced and “fresh” traders, which is definitely another Pro point for FXTM. For recently available contests check the official FXTM website.
As we can conclude throughout our FXTM Review, while the majority of the brokers concentrating mainly on developed and well-known markets, FXTM placed their focus on other countries like Africa and Asia and gain a great winning there.
These opportunity brings the advantage of trading Forex further and allows well-regulated trading offering worldwide, so now FXTM became one of the best Forex providers in South Africa.
Besides, the main tool and a very powerful one in the FXTM business strategy is – education, which attracts new traders and giving a great opportunity for both parties good. And that is apart its largely established social responsibility and other activities they regularly held.
Though, FXTM gives a quality trading potential for both beginners and experienced traders or investors. Moreover, there are other advantages with ForexTime too, the accounts variety is very impressive that allows any trader best suitable option either with flexible or floating leverage, – leverage which determined based on the trader experience and knowledge, tight spreads from 0.1 pips and low deposit requirements.
Nevertheless, for better understanding, we will be glad to know your own thoughts about FXTM which you may share in the comment area below, as well as see other traders’ opinions.
No review found.
The founder of Alpari and FXTM companies and one of the main figures in the FX industry, Andrey Dashin, has revealed the changes that will refer to the both brands. He announced that the CEO of the FXTM, Olga Rybalkina, will become a minority shareholder of both Alpari and FXTM companies. Ms. Rybalkina has an.
A few days ago an international online forex broker FXTM (ForexTime) has announced the appointment of Marcelo Spina as Global Head of Partnerships. FXTM is an international online forex broker offering financial services in forex, CFDs on spot metals and CFDs on Commodity Futures, Indices and Shares. ForexTime Ltd provides its services to more than.
Forex broker FXTM has recently announced that it got a license from the Financial Services Commission (FSC) in Mauritius. The FXTM brand is also regulated through the FCA, CySEC and the FSCA which are amongst the most stringently regulated financial authorities. FXTM holds the continual offering of excellent trading conditions at the heart of its.
Leading Forex broker FXTM has just announced that it has appointed Tan Chung Han (Han Tan) as a new Market Analyst of the FXTM Market Research team, with a focus on Southeast Asia (SEA). As a new member of the FXTM Market Research team, Han will act as the voice and face for the FXTM.
It is a fact, Forex industry grows daily by bringing tempting opportunities and uniting millions of traders from every corner of the world and making things possible not only for “Trading Sharks” as before but even for a very beginning investors with zero experience. Rising demand for Forex, trading and investments itself, however, attracts numerous.
Which Forex broker is honest for trading?
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Just did a quick search on my broker for reviews. This is not my writing:
“1st class broker | Service use: Live | Length of use: 0-3 Months
Osprey FX organized live trading contest with sky high prize fund of $160,000 in total. $80,000 went into prize fund of traders contest, and $80,000 went into prize fund of affiliates contest. I am proud winner of traders contest and got amazing $50,000 for 1st place. Withdrawals went smoothly, and in few days I got full amount of $50,000 to my bitcoin wallet and UPayCard account.
Besides this amazing contest Osprey FX has very good trading conditions. Sma.
TraderNovo Review вЂ“ Is www.tradernovo.com scam or safe forex broker?
RECOMMENDED FOREX BROKERS
Trading accounts and conditions
|Account type||Minimum deposit||Minimum trade size||Maximum leverage||Average spreads|
|ECN||$100||0.01 lot||1:400||From 0.8 pips|
|ECN Pro||$2500||0.01 lot||1:400||From 0.8 pips|
|ECN VIP||$10 000||0.01 lot||1:400||From 0.8 pips|
TraderNovo offers three types of live trading accounts, all of them ECN, or so the broker claims. There is also a free demo account active for 30 days. We could not find information whether the broker charges commissions, but most likely it does not.
TraderNovo has a fairly extensive trading portfolio of forex pairs, CFDs on stocks, indices, metals, oil and agricultural products. The broker also planning to start offering trading in binary options.
TraderNovo also provides VPS hosting under certain conditions and has a proposition for money managers.
The Company. Security of Funds
|TraderNovo Holdings LTD||Marshall Islands||No|
TraderNovo is a brand of the company TraderNovo Holdings LTD. It is based in the Marshall Islands – an offshore zone preferred by a lot of brokers. The location and the fact it is not regulated, should be a warning. Many of the offshore unregulated brokers are nothing but a scam who disappear with their clients’ money, never to be heard of again.
We are not implying in any way TraderNovo is one of those brokers, but it is always advisable to do business with properly regulated and well known brokers. For example companies regulated by UK’s FCA and the Australian Securities and Investment Commission (ASIC).
TraderNovo says it does not accept clients from the USA, Sri Lanka and Pakistan.
Like most forex brokers, TraderNovo offers the popular MetaTrader 4 platform – as a desktop application, its web version and for mobile devices. The planned binary options trading will also be happening through MT4.
MT4 enjoys eternal popularity among both brokers and traders. It is stable and reliable, has many functions, offers API connectivity, supports PAMM and MAMM functionality and has a wide selection of technical analysis and charting tools. It is also user-friendly and supports Expert Advisors and automated trading. The platform has been on the market for over 10 years and only recently started some of its popularity to its successor MetaTrader 5.
Methods of payment
TraderNovo accepts payments through bank transfers and credit cards. Additionally, the broker provides the option to make a deposit through the e-wallet systems WebMoney, Qiwi Wallet, TrustPay and Giro Pay.
First and foremost, TraderNovo is an unregulated offshore forex broker and this must be kept in mind when choosing it. Chances of such brokers being a scam are fairly high.
TraderNovo’s trading conditions are comparable to those of larger and regulated brokers, so there really is no reason to choose it instead of a properly registered and supervised company.
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
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