ForexTime review
ForexTime is a Multi-Assets Trading Platform with over 1000+ Assets
ForexTime is a multi asset platform with 1000+ tradable Assets.
Assets available on ForexTime include Forex, CFDs.
ForexTime trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex, CFDs are considered financial assets.
Features of ForexTime
- Virtual Portfolio, or what is commonly known as a Demo Account
- StopLoss
- Trailing Stops
- TakeProfit Orders
- ForexTime offers Advanced Financial Chart comparison tools
- ForexTime offers Research-backed analysis on financial markets and investments from top analysts
- The ForexTime platform is available to use on multiple devices including Windows PC, iOS devices like iPhones and iPads, Android devices and online through a Web Browser.
- ForexTime offers a trading platform with tools for both New Traders and Seasoned Experts
- ForexTime users benefit from using the ForexTime platform in over 16 different languages
ForexTime review
What you should know
ForexTime offer two ways to trade: Forex, CFDs. The assets and products available to you on the ForexTime trading platform depends on the region of the world, you are in and the ForexTime entity you have an account.
With ForexTime you will need a minimum deposit of $500. You can sign up for a demo account to acquaint yourself with ForexTime platform.
ForexTime are able to accommodate various levels of traders whether you are experienced or a beginner.
Are ForexTime safe?
When considering ForexTime for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as ForexTime, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.
Established in 2011, and in operation for 13 years ForexTime have a head office in Limassol(Cyprus), London(UK) and Ebene(Maurtius).
ForexTime is regulated. This means ForexTime are supervised by and is checked for conduct by the CMA (Capital Markets Authority of the Republic of Kenya) (135), FCA (Financial Conduct Authority) (777911), FSC (Financial Services Commission of the Republic of Mauritius) (C113012295), FSCA (Financial Sector Conduct Authority of South Africa) (FSP No. 50320) regulatory bodies.
ForexTime withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like ForexTime are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. ForexTime are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of ForexTime and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. ForexTime has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, ForexTime will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like ForexTime, you can enjoy peace of mind and focus on your trading activities. If ForexTime violate any regulatory rules their regulated status could be stripped.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Is my money safe with ForexTime?
All payments made to ForexTime by traders are securely held in a segregated bank account.
ForexTime uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.
What are Tier 1 banks and why should ForexTime use them?
ForexTime partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their ForexTime clients' funds.
ForexTime clients can have greater confidence in their financial security when working with a Tier 1 bank because ForexTime are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.
What does it mean to have your funds in ForexTime deposited in a Tier 1 bank?
Depositing funds with ForexTime ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if ForexTime were to go out of business unexpectedly.
Based on the information presented, it is safe to conclude that ForexTime is a secure and safe platform.
Please be aware that trading in financial assets with ForexTime carries a risk of loss. ForexTime trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex, CFDs due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.
ForexTime emphasizes this risk on its platform and provides clear risk warnings - CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. After answering some important questions about ForexTime, let's closely examine its features.
To better understand the ForexTime trading platform, you can create two separate accounts - one with real money and the other a ForexTime demo account. A ForexTime demo account provides a risk-free environment for experimenting with the ForexTime platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in ForexTime trading decisions.
Open a demo account Visit ForexTime
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
How ForexTime as a Company Compare Against Other Brokers
| Broker |
ForexTime
|
IC Markets
|
Roboforex
|
eToro
|
|---|---|---|---|---|
| Year Established | 2011 | 2007 | 2009 | 2007 |
| Head Office | Limassol(Cyprus), London(UK) and Ebene(Maurtius) | Australia | Belize | Cyprus, UK |
| Regulation | CMA (Capital Markets Authority of the Republic of Kenya) (135), FCA (Financial Conduct Authority) (777911), FSC (Financial Services Commission of the Republic of Mauritius) (C113012295), FSCA (Financial Sector Conduct Authority of South Africa) (FSP No. 50320) | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 |
| Used By | 1,000,000+ ForexTime users | 200,000+ IC Markets users | 730,000+ Roboforex users | 35,000,000+ eToro users |
| Negative balance protection | Yes | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No |
| Learn More | Visit ForexTime | Visit IC Markets | Visit Roboforex | Visit eToro |
| Risk Warning | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | 51% of retail investor accounts lose money when trading CFDs with this provider. |
ForexTime review
ForexTime Pros and Cons
ForexTime review
ForexTime Regulation and Licensing in more detail
ForexTime is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of ForexTime going into insolvency. ForexTime compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like ForexTime to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for ForexTime traders.
- CMA (Capital Markets Authority of the Republic of Kenya) (135)
- FCA (Financial Conduct Authority) (777911)
- FSC (Financial Services Commission of the Republic of Mauritius) (C113012295)
- FSCA (Financial Sector Conduct Authority of South Africa) (FSP No. 50320)
ForexTime is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like ForexTime you should be sure they're legitimate online agent.
Is ForexTime Global?
Yes, ForexTime is global as ForexTime is available in over 192 countries.
ForexTime is a global trading platform in the sense that it operates in 192 countries including nations in Africa, Asia, Oceania, and Europe. Major countries ForexTime covers include the UK, Germany, South Africa, Thailand, China and Australia. ForexTime has a total of more than 1,000,000 users.
ForexTime review
ForexTime Awards
ForexTime have won numerious industry awards over the 13 years they have been operating as a financial broker. We have listed the most notable awards and mentions for ForexTime below.
- The Best Education Program - World Financial Award - 2022
- Best Online Trading Platform - World Business Outlook - 2021
- Best Trading Experience - World Finance - 2021
- Most Trusted Forex Broker - World Financial Award - 2022
ForexTime review
ForexTime Fees Explained
- ForexTime doesn't charge withdrawal fees.
- ForexTime does charge a fee for inactive accounts.. There is an FXTM inactivity fee if there is no trading activity within the last 6 months.
- ForexTime doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from ForexTime are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.
ForexTime Costs To Check
Modern brokers like ForexTime provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, ForexTime may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall ForexTime trading profitability.
How ForexTime Fees Compare Against Other Brokers
| Broker |
ForexTime
|
IC Markets
|
Roboforex
|
eToro
|
|---|---|---|---|---|
| Min Deposit | 500 | 200 | 10 | 50 |
| Withdrawal Fees | No | No | No | Yes |
| Inactivity Fees | Yes | No | No | Yes |
| Deposit Fees | No | No | No | No |
| CFD Commission Fees | No | Yes | No | Yes |
ForexTime Minimum Deposit
ForexTime requires a minimum deposit of 500 GBP/USD/EUR when opening an ForexTime trading account.
A minimum deposit is the minimum amount of money required by ForexTime to open a new online brokerage account with them.
Don't be scared off by brokers like ForexTime charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.
In the trading world, brokers like ForexTime, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.
Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.
However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.
ForexTime Withdrawal Fees
ForexTime doesn't charge withdrawal fees.
ForexTime Withdrawal rules may vary across different brokers when it comes to transferring funds from your ForexTime or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with ForexTime may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.
In addition, currency conversion fees may apply if the ForexTime withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from ForexTime. Researching and comparing ForexTime withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing ForexTime funds frequently or dealing with large sums of money. Awareness of these ForexTime fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your ForexTime funds.
For example, ForexTime allows you to withdraw your funds to UPI, Netbanking, Local Nigerian Bank Wire Transfer, Local Nigerian Instant Bank Transfers, Equity Bank Transfer, Ghanaian Local Transfer, Africa Local Solutions, M-Pesa, FasaPay, Visa, Mastercard, Maestro, Debit Cards, Credit Cards, Google Pay, GlobePay, Skrill, PayRedeem, PerfectMoney, Neteller, Bank Wire Transfer.
ForexTime Inactivity Fees
ForexTime does charge a fee for inactive accounts.. There is an FXTM inactivity fee if there is no trading activity within the last 6 months.
When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by ForexTime terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.
Make sure you're fully aware of all ForexTime fees and services. It's recommended that you check the ForexTime website before signing up. If you decide to close your ForexTime account, it's important to do so with the ForexTime broker customer support and obtain confirmation that no remaining ForexTime fees are due.
Brokers like ForexTime must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.
Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.
ForexTime Deposit Fees
ForexTime does not charge deposit fees. Although bank / 3rd party merchant fees may apply.
Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.
Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.
ForexTime Commission Fees
ForexTime does not charge commission on CFD instruments.
Brokerage firms like ForexTime may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the ForexTime trading account level held by the trader.
ForexTime may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing ForexTime terms and conditions to understand the commission fees and any other charges that may apply is essential.
ForexTime review
What can you trade with ForexTime?
It's essential to note that the trading instruments offered under the ForexTime brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the ForexTime trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.
You can trade a wide variety of instruments with ForexTime over 1000 instruments in fact.
If you want to trade currency pairs on global Forex markets, ForexTime offer over 60 currency pairs.
ForexTime Compared To Other Brokers
Compare ForexTime with IC Markets and Roboforex below.
How ForexTime Trading Options Compare Against Other Brokers
| Broker |
ForexTime
|
IC Markets
|
Roboforex
|
eToro
|
|---|---|---|---|---|
| Instruments Available | 1000 | 2250 | 12000 | 6000 |
| Platforms | MT4, MT5, Apple App iOS, Android Google Play | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web |
| FX / Currencies | ||||
| Forex pairs offered | 60 | 61 | 35 | 50 |
| Major Forex pairs | Yes | Yes | Yes | Yes |
| Minor Forex pairs | Yes | Yes | Yes | Yes |
| Exotic Forex pairs | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | No | Yes | No | Yes |
| Commodity CFDs | ||||
| Commodities Offered | 0 | 20 | 21 | 31 |
| Metals | Yes | Yes | Yes | Yes |
| Energies | No | Yes | No | Yes |
| Agricultural | No | Yes | No | Yes |
| Indiced & Stock CFDs | ||||
| Stocks Offered | 173 | 2100 | 0 | 2042 |
| UK Shares | No | Yes | Yes | Yes |
| US Shares | No | Yes | Yes | Yes |
| German Shares | No | Yes | Yes | Yes |
| Japanese Shares | No | Yes | Yes | Yes |
| Risk Warning |
Visit ForexTime
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
Visit IC Markets
Losses can exceed deposits |
Visit Roboforex
Losses can exceed deposits |
Visit eToro
51% of retail investor accounts lose money when trading CFDs with this provider. |
ForexTime review
Trading on ForexTime web platforms and other applications
ForexTime is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.
ForexTime also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.
See ForexTime's platformsIs the ForexTime Trading Platform Secure?
You should take the security of your personal information seriously and check SSL encryption is enabled on the ForexTime trading platform to protect you on PC and mobile ForexTime platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using ForexTime web trading platforms.
ForexTime Trading Platform Options
After logging into your ForexTime account, you'll find a range of trading platform options available below.
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
ForexTime does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.
Let's explore each of these trading platforms in detail and what options ForexTime gives you.
ForexTime review
ForexTime MetaTrader 4 (MT4)
ForexTime MetaTrader 4 (MT4) In Detail
MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on ForexTime offers traders comprehensive features and tools to enhance their trading performance. The ForexTime MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the ForexTime platform to their needs. One of the standout features of MT4 is its charting functionality, which allows ForexTime traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give ForexTime traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 ForexTime trading platform.
MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the ForexTime MetaTrader 4 (MT4) trading platform. MT4 is a platform available with ForexTime, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The ForexTime MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. ForexTime allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.
You can start using the MetaTrader 4 platform with ForexTime in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. ForexTime MetaTrader 4 is compatible with the latest macOS. ForexTime allows traders to trade on mobile devices through Android and iOS devices like the iPhone.
Metatrader 4 Webtrader on ForexTime
MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.
The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.
Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.
Trade ForexTime MetaTrader 4 on iOS Devices
You can download the ForexTime app or trade with ForexTime through the MetaTrader 4 application on the Apple app store.
Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. ForexTime customers have instant access to the financial market and can completely manage a Portfolio on the go.
Trade ForexTime MetaTrader 4 on Android Devices
Millions of people worldwide use Android mobile devices and tablets, and ForexTime offers its clients access to the MetaTrader 4 platform on these devices. With the ForexTime MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing ForexTime traders to stay on top of their trades and react quickly to changes in the market. With the ForexTime MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.
Trade ForexTime MetaTrader 4 Trading Central
Trading Centrals Alpha Generation Indicators available on ForexTime are a powerful bundle of three major indicators designed to help traders make informed decisions. ForexTime MT4 Trading Central indicators include:
- Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
- Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
- Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.
Trading Centrals Alpha Generation Indicators can help ForexTime traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing ForexTime traders to potentially stay one step ahead.
ForexTime MetaTrader 4 Advanced Trading Tools
The ForexTime MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give ForexTime traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, ForexTime provides traders with everything they need to succeed. The ForexTime MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing ForexTime traders to analyze the market at any level of complexity.
Trade ForexTime MetaTrader 4 MultiTerminal
MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.
It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.
This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.
ForexTime MetaTrader 4 & MetaTrader 5 AutoChartist
Autochartist on the ForexTime platform is a powerful tool designed to help traders find trading opportunities quickly and easily.
Available for ForexTime MetaTrader 4 and MetaTrader 5 Autochartist can scan the market using an expert advisor script.
With Autochartist, ForexTime traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save ForexTime users time and makes the trading process more efficient.
The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. ForexTime traders can navigate the platform and find the information they need to make informed trading decisions.
ForexTime Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for ForexTime traders of all experience levels.
ForexTime review
ForexTime MetaTrader 5 (MT5)
ForexTime MetaTrader 5 (MT5) In Detail
ForexTime MetaTrader 5 (MT5) is a multi-asset trading platform with an extensive range of trading features and financial research tools. Besides the ability to trade Forex and CFDs, ForexTime MT5 offers access to trade Futures, Stocks, Algorithmic Trading, ETFs, and Indices. MT5 was launched in 2010 and came with advanced charting tools, additional timeframes, and an updated version of MetaTrader 4.
MT5 on ForexTime provides the convenience of using automated trading systems and copy trading, giving ForexTime traders competitive research tools in the financial markets.
You can learn more about the MT5 Platform here. You can also learn more about the differences between MT5 and MT4 here.
Trade ForexTime MetaTrader 5 WebTrader
Access your ForexTime MetaTrader 5 accounts from any web browser. MT5 on ForexTime features a massive range of tools like additional timeframes and the most up-to-date technical indicators to give you all the trading resources you need to trade on and analyze the financial markets.
ForexTime review
ForexTime MT5 Buying and Selling
ForexTime MetaTrader 5 on iOS Devices
ForexTime MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. You should upgrade the iOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. ForexTime MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.
ForexTime MetaTrader 5 on Android Devices
The ForexTime MetaTrader 5 trading platform is available on Android smartphones or tablets powered by the Android 5.0 or higher operating system. Additionally, to connect to the ForexTime trading server. Take the time to understand all of the ForexTime Android MetaTrader 5 features. With ForexTime MetaTrader 5 for Android, you can trade various financial instruments anytime, anywhere.
ForexTime Metatrader Mobile Application Features
MetaQuotes, the developers of Metatrader, have listened to the feedback of their millions of users and have built what has become one of the most popular mobile trading platforms in the world. MetaTrader features include :
- ForexTime Financial instrument quotes
- View in-depth price charts of financial instruments with ForexTime MetaTrader
- Manage trades and open positions on ForexTime MT4 & MT5
- View your ForexTime trading history
- View market news
- MetaTrader internal messaging on ForexTime
- View and research market statics of ForexTime financial instruments
- ForexTime Position opening and closing
- Lookup symbols in the ForexTime MetaTrader quotes section
- Display of deals on ForexTime graphs
- ForexTime Timeframe selection for graphs and charts
- Additional vertical scaling of ForexTime graphs
- Capability to transfer ForexTime accounts to other devices using QR codes
- Information is available only if it's supplied by ForexTime
- Access the OTP generator through FaceID or fingerprint with ForexTime
ForexTime MetaTrader 5 Advanced Trading Tools
ForexTime MetaTrader 5 has many advanced trading tools for more advanced users. Understanding these tools can give you a competitive edge.
- ForexTime MT5 Depth of market bids and asks
- Financial Price Data on ForexTime
- Margin Calculation, Futures, Forex on ForexTime
- Advanced Techincal Analysis on ForexTime MT5
- One click trading on ForexTime MT5
- ForexTime Spreads
- ForexTime Futures
- ForexTime Trading Reports
ForexTime Trading benefits
- ForexTime Allows scalping
- ForexTime Allows hedging
- ForexTime Offers STP
- ForexTime Offers Negative Balance Protection
ForexTime Trading Accounts Offered
Below we give an overview of the account types that ForexTime offer. Whatever you are looking to trade, the varying ForexTime account types will be able to provide you with what you need.
- ForexTime Demo account
- Micro account
- ForexTime Mini account
- ForexTime Standard account
- ForexTime Swap-Free account
- ForexTime ECN account
- ForexTime STP account
- ForexTime Islamic account
Can I try ForexTime?
ForexTime provides a demo account that enables individuals to explore trading before investing their funds. By creating a ForexTime practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the ForexTime demo account can help individuals to make informed decisions before investing their money.
Open a demo ForexTime account to practice and trade.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
ForexTime withdrawal and funding methods
It's essential to remember that the payment methods provided by ForexTime vary based on the ForexTime entity and the ForexTime client's country of residence. To view the ForexTime payment options available, you can log into your ForexTime member's area.
ForexTime offers various funding payment methods listed in your ForexTime dashboard if available in your region. To learn more about the ForexTime funding and withdrawal options available in your area, you can explore the ForexTime website.
ForexTime provides several payment methods for funding your ForexTime account. You may utilize any of these deposit options if they are available in your region. ForexTime ensures that users have multiple payment methods to choose from, making it more convenient for verified ForexTime account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the ForexTime user's location. learn more about ForexTime funding and withdrawal methods.ForexTime Payment Methods
Some ForexTime payment methods are local and are available only to specific regions. ForexTime account holders should check which payment methods are provided in your region.- ForexTime accepts UPI
- ForexTime accepts Netbanking
- ForexTime accepts Local Nigerian Bank Wire Transfer
- ForexTime accepts Local Nigerian Instant Bank Transfers
- ForexTime accepts Equity Bank Transfer
- ForexTime accepts Ghanaian Local Transfer
- ForexTime accepts Africa Local Solutions
- ForexTime accepts M-Pesa
- ForexTime accepts FasaPay
- ForexTime accepts Visa
- ForexTime accepts Mastercard
- ForexTime accepts Maestro
- ForexTime accepts Debit Cards
- ForexTime accepts Credit Cards
- ForexTime accepts Google Pay
- ForexTime accepts GlobePay
- ForexTime accepts Skrill
- ForexTime accepts PayRedeem
- ForexTime accepts PerfectMoney
- ForexTime accepts Neteller
- ForexTime accepts Bank Wire Transfer
| Broker |
ForexTime
|
IC Markets
|
Roboforex
|
eToro
|
|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | No | Yes |
| Paypal | No | Yes | No | Yes |
| Skrill | Yes | Yes | Yes | Yes |
| Payoneer | No | No | No | No |
| Neteller | Yes | Yes | Yes | Yes |
*please note available ForexTime and other broker payment methods depend on the clients country of residence.
How can I start trading with ForexTime?
To open a trading account with ForexTime, individuals can sign up on the ForexTime website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.
The next step involves submitting identification documents for ForexTime account validation and making a deposit. Once completed, ForexTime users can download the trading platform of their choice.
It's important to note that ForexTime requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps ForexTime maintain a trustworthy financial environment for its 1,000,000 users. Detailed information on the ForexTime trading platforms is available on their website.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Performing trades with ForexTime
The trading platform, ForexTime, provides users various options regarding the minimum and maximum trade requirements. These requirements are determined based on the specific instrument being traded and the preferences of the individual trader. This flexibility allows traders to tailor their trading experience to their unique needs and investment goals. With the ECN and STP execution methods offered by the platform, traders using ForexTime can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades.
Like other brokers, ForexTime margin requirements can differ depending on the traded instrument.
ForexTime offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Price alerts, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about ForexTime, and see all of the ForexTime account features on the official ForexTime website.
CFD Trading on ForexTime
We will show you an example of the basics of using ForexTime leverage.
CFD trading on ForexTime allows traders to speculate on the price movements of various financial instruments against the broker ForexTime, without actually owning real assets. With CFDs, ForexTime traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.
ForexTime provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.
The effect of leverage on profits and losses magnifies them in both directions. In other words, ForexTime leverage profits and losses are magnified when trading. For instance, using CFDs, you use the ForexTime trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.
On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, ForexTime leverage magnifies both profits and losses in trading.
Trading CFD trades on the ForexTime platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.
Experienced ForexTime traders can trade high risk CFD trades to hedge items in their portfolio.
Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Limiting Your Risk When Trading with ForexTime Negative Balance Protection
Negative balance protection is important for traders using leverage on platforms like ForexTime. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a ForexTime trading position does not go in your favour, this is where negative balance protection comes in handy.
Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, ForexTime trading losses are always limited to the current balance of funds in the trader's account.
Even if an ForexTime trader experiences a significant loss, they will never owe more money than what is available in their ForexTime account balance.
It's important for ForexTime traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that ForexTime losses are limited to the funds available in your ForexTime account when negative balance protection is in place.
Limit Risk When Trading with ForexTime Stop Loss, ForexTime Stop Limit Orders
Stop-loss orders are a popular risk management tool traders use on platforms such as ForexTime . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.
Stop-loss orders are especially important for ForexTime traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an ForexTime trader should use a stop-loss order can vary depending on the specific trade and market conditions.
Overall, stop-loss orders can provide ForexTime traders with an effective way to manage risk and protect their investments in volatile markets. Stop Loss and Take Profit are not guaranteed with ForexTime, you must actively monitor your live trading portfolio and financial exposure on ForexTime.
Education Resources at ForexTime
ForexTime offer educational resources which include Education Overview, Videos, Glossary, Market Analysis, Economic Calendar, Economic Events, Guides, Video Tutorials. Please bear in mind that these resources provided by ForexTime do not guarantee any results when trading. When we checked on the ForexTime website, these educational resources were not available in every language. Also some financial instruments mentioned in any ForexTime educational resources may not be available in your region.
To trade effectively with ForexTime, it's important to have a good understanding of the ForexTime trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with ForexTime and externally.
ForexTime . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with ForexTime. Familiarizing yourself with the ForexTime trading platform is crucial to use it effectively.
While learning, you can also use global trading times to practice making live buy or sell trades using ForexTime. This hands-on experience can help you gain confidence and become more comfortable with trading.
Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with ForexTime involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.
Learning about the financial markets, trading platforms like ForexTime, and risk management techniques can help you become a more confident and successful trader.
Take an analytical approach to trading with ForexTime. Explore the ForexTime platform and train yourself to think systematically and logically about the markets.
While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with ForexTime, before live trading.
Customer Support at ForexTime
As part of our ForexTime review, we review customer service options, response times and problem resolution effectiveness on the ForexTime trading platform. The ForexTime trading platform supports multiple languages, which includes Italian, Malay, Polish, Dutch, English, Arabic, Chinese, Czech, Indonesian, Russian, Serbian, Slovak, Spanish, French, German, and Greek.
ForexTime Available Support Types
ForexTime has a triple AAA grade support and customer service rating because they offer various range of languages, live chat, and email support.
ForexTime customer service supports multiple languages from all over the world. Having a broker that can hire people from various locations worldwide who can better communicate with you in your local language is a huge advantage when dealing with issues.
Your customer service experience with ForexTime has to be positive for you to effectively trade the financial markets on the ForexTime platform. ForexTime should answer all of your questions and your ForexTime platform issues are solved. When an ForexTime customer has any queries regarding ForexTime, the ForexTime customer support team should take these issues seriously and offer a quick and effective solution. ForexTime has a great client support team, so we have rated their customer service highly.
Livechat Support at ForexTime
We experienced fast and responsive support from ForexTime
At ForexTime, customer support is a top priority. We put their live chat to the test, reaching out through both their app and website. We were pleasantly surprised to receive a response within three minutes. Don't take our word for it. Test the chat service yourself. A responsive chat service from ForexTime should be a positive support experience for all ForexTime users, saving you from waiting days for an email response.
We also tested communicating with ForexTime support in various languages and countries. The ForexTime help centre quickly resolved our customer issues.
Email Support at ForexTime
As part of our review process, we wanted to test the email support offered by ForexTime. We sent 25 emails at different times and were impressed with the response times. We received the fastest response in less than 2 minutes, and the slowest response was 3 hours. While your experience may vary, our testing shows ForexTime has excellent email support overall.
The support team quickly and efficiently resolved all of our queries. Overall, we were very satisfied with the email support provided by ForexTime. If you're looking for a broker with reliable email support, ForexTime is worth considering.
Phone Support at ForexTime
Our experience with ForexTime phone support was positive. When we called, the team answered our call promptly, in less than a minute.
During the call, we tested the multilingual ForexTime team by speaking in different languages, and they made an effort to answer our queries in each language.
The phone support team successfully resolved our questions and issues over the phone. Overall, we found the phone support from ForexTime good.
See how ForexTime Support Compares Against Other Brokers
| Broker |
ForexTime
|
IC Markets
|
Roboforex
|
eToro
|
|---|---|---|---|---|
| Support |
|
|
|
|
| Languages | Italian, Malay, Polish, Dutch, English, Arabic, Chinese, Czech, Indonesian, Russian, Serbian, Slovak, Spanish, French, German, and Greek | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Spanish, French, Italian |
| Learn More | Visit ForexTime | Visit IC Markets | Visit Roboforex | Visit eToro |
| Risk Warning | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | 51% of retail investor accounts lose money when trading CFDs with this provider. |
What you will need to open an account with ForexTime
As ForexTime is regulated by CMA (Capital Markets Authority of the Republic of Kenya) (135), FCA (Financial Conduct Authority) (777911), FSC (Financial Services Commission of the Republic of Mauritius) (C113012295), FSCA (Financial Sector Conduct Authority of South Africa) (FSP No. 50320).
As a new client of ForexTime, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with ForexTime in your region. During the ForexTime account opening process, you will be asked to provide ForexTime with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.
When registering with ForexTime have the following documents available.
- ForexTime require a scanned colour copy of your passport, driver's license or national ID card.
- A recent utility bill or bank statement that confirms your residential address for ForexTime compliance. This must be dated within the last six months.
- If you plan to fund your ForexTime account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the ForexTime platform.
It's worth noting that the expiration date of the proof of address document may differ for different entities under ForexTime Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring ForexTime's platform.
However, remember that you won't be able to make trades on ForexTime until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the ForexTime KYC compliance process as soon as possible to avoid any delays in accessing the ForexTime platform's features.
It is important to note that ForexTime may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the ForexTime platform and features immediately. However, you must pass the verification process to start live trading with ForexTime, which can take up to a few business days.
To start the process of opening an account with ForexTime you can visit the ForexTime trading platform here.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
You should consider whether you can afford to take the high risk of losing your money.
CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from http://www.forextime.com/ on November 18, 2024.
Watch this ForexTime Explainer Video
Is ForexTime A Good Broker?
We have spent over 5 years examining ForexTime in depth. Although we found some very useful aspects of the ForexTime platform that would be useful to some traders. We feel that a alternative to ForexTime may better suit you.
- ForexTime have a good track record of offering Forex, CFDs.
- ForexTime has a history of over 13 years.
- ForexTime has a reasonable sized customer support of at least 10.
- ForexTime are regulated by the CMA (Capital Markets Authority of the Republic of Kenya) (135), FCA (Financial Conduct Authority) (777911), FSC (Financial Services Commission of the Republic of Mauritius) (C113012295), FSCA (Financial Sector Conduct Authority of South Africa) (FSP No. 50320). ForexTime is subject to strict regulatory oversight from its respective jurisdiction, which holds ForexTime (the broker) accountable for misconduct. This regulatory framework helps ensure that ForexTime operates fairly and transparently and provides ForexTime customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and ForexTime.
- ForexTime have regulation from reputable regulators.
- One of the advantages of using ForexTime is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from ForexTime are particularly important as ForexTime traders want to receive their money quickly. With the efficient ForexTime payment processing system, traders can enjoy faster access to their ForexTime funds.
- ForexTime have an international presence in multiple countries. Including local ForexTime seminars and training.
- ForexTime can hire people from various locations in the world who can better communicate in your local language.
ForexTime Risk Disclosure
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trading Risk Disclaimer
Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.
You will be exposed to a high risk of loss regarding leverage and margin-based trading.
Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.
It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.
Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.
ForexTime not quite right?
If after reading this ForexTime review, ForexTime does not fulfill your needs check out these ForexTime Alternatives.
Click here to view the best ForexTime Alternatives
We have spent years researching the best alternatives to ForexTime. Click the links below to learn more.
After extensive research over several years, we have compiled a list of the most effective ForexTime alternatives available today. If you are unsatisfied with ForexTime or want to explore other options, we recommend checking out our carefully curated list of highly-rated ForexTime alternatives. Follow the links below to learn more about these ForexTime broker alternatives and choose the one that best suits your trading needs.
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Related ForexTime Vs Comparisons
Throughout our comprehensive ForexTime review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.
If you're interested in comparing ForexTime against other popular brokers in the industry, check out our ForexTime Vs pages. Our team has compiled a series of detailed ForexTime comparison articles, pitting the ForexTime platform against some of the best-rated ForexTime competitors in the market. Dive into our informative ForexTime Vs pages below to find out how ForexTime stacks up against other leading brokers.
- ForexTime vs ICMarkets
- ForexTime vs Roboforex
- ForexTime vs eToro
- ForexTime vs XTB
- ForexTime vs XM
- ForexTime vs Pepperstone
- ForexTime vs AvaTrade
- ForexTime vs FPMarkets
- ForexTime vs easyMarkets
- ForexTime vs SpreadEx
- ForexTime vs FxPro
- ForexTime vs AdmiralMarkets
- ForexTime vs ThinkMarkets
- ForexTime vs FXPrimus
- ForexTime vs Trading212
- ForexTime vs ForexMart
- ForexTime vs Eightcap
- ForexTime vs ForTrade
- ForexTime vs InteractiveBrokers
- ForexTime vs Forex.com
- ForexTime vs IG
- ForexTime vs Robinhood
- ForexTime vs Coinbase
- ForexTime vs Binance
- ForexTime vs Oanda
- ForexTime vs CMCMarkets
- ForexTime vs HargreavesLansdown
- ForexTime vs Ayondo
ForexTime review
FOREXTIME Frequently Asked Questions
Read our detailed ForexTime FAQ Section updated for 2025.
Can I try ForexTime?
ForexTime offer a demo account so you can try the ForexTime platform with virtual trading before you put down a payment. Virtual trading with ForexTime is zero risk. Learn more here
What funding methods do ForexTime accept?
Please note that the list of payment methods below depends on the ForexTime Entity and the client's Country of Residence.
ForexTime offer the following funding payment methods UPI, Netbanking, Local Nigerian Bank Wire Transfer, Local Nigerian Instant Bank Transfers, Equity Bank Transfer, Ghanaian Local Transfer, Africa Local Solutions, M-Pesa, FasaPay, Visa, Mastercard, Maestro, Debit Cards, Credit Cards, Google Pay, GlobePay, Skrill, PayRedeem, PerfectMoney, Neteller, Bank Wire Transfer, among other payment methods.
Learn more here
Is ForexTime safe?
ForexTime have over 1,000,000 users. ForexTime are considered reliable as they are regulated by and checked for conduct by the CMA (Capital Markets Authority of the Republic of Kenya) (135), FCA (Financial Conduct Authority) (777911), FSC (Financial Services Commission of the Republic of Mauritius) (C113012295), FSCA (Financial Sector Conduct Authority of South Africa) (FSP No. 50320). Any payments funded to ForexTime accounts by traders are held in a segregated bank account. For added security,ForexTime use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with ForexTime is risky, and because the market is so volatile, losses could happen at any time. Do not invest with ForexTime unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Is ForexTime trading good?
ForexTime is considered good and reputable to trade with ForexTime. ForexTime is used by over 1,000,000 traders and ForexTime users. ForexTime offers Forex trading, and CFDs trading. Minimum deposit with ForexTime is 500.
Is ForexTime trading Legit?
ForexTime was founded in Limassol(Cyprus), London(UK) and Ebene(Maurtius) in 2011. ForexTime has been facilitating trade on the financial markets for over 13 years. ForexTime offers clients Forex trading, and CFDs trading. All funds deposited to ForexTime are held in segregated bank accounts for security. ForexTime is regulated by CMA (Capital Markets Authority of the Republic of Kenya) (135), FCA (Financial Conduct Authority) (777911), FSC (Financial Services Commission of the Republic of Mauritius) (C113012295), FSCA (Financial Sector Conduct Authority of South Africa) (FSP No. 50320) so can be considered legit.
Is ForexTime a good broker?
ForexTime allows Forex trading, and CFDs trading. ForexTime is overseen by the top tier financial regulators CMA (Capital Markets Authority of the Republic of Kenya) (135), FCA (Financial Conduct Authority) (777911), FSC (Financial Services Commission of the Republic of Mauritius) (C113012295), FSCA (Financial Sector Conduct Authority of South Africa) (FSP No. 50320) so can be considered a good broker.
Is ForexTime trustworthy broker?
ForexTime is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to ForexTime, money is in a segregated bank account that is separate from ForexTime company's funds. As a regulated broker, ForexTime cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by ForexTime. Instead, your ForexTime funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with ForexTime. Also ForexTime is regulated in its local jurisdictions including major financial regulators like CMA (Capital Markets Authority of the Republic of Kenya) (135), FCA (Financial Conduct Authority) (777911), FSC (Financial Services Commission of the Republic of Mauritius) (C113012295), FSCA (Financial Sector Conduct Authority of South Africa) (FSP No. 50320).
What is the minimum deposit for ForexTime?
The minimum deposit to trade with ForexTime is 500.
How long do ForexTime withdrawals take?
Withdrawing money from ForexTime processing time varies depending on the method but averages 1-5 days.
Is ForexTime regulated?
ForexTime is regulated by the CMA (Capital Markets Authority of the Republic of Kenya) (135), FCA (Financial Conduct Authority) (777911), FSC (Financial Services Commission of the Republic of Mauritius) (C113012295), FSCA (Financial Sector Conduct Authority of South Africa) (FSP No. 50320). Regulatory bodies conduct regular reviews and audits as part of ForexTime maintaining their regulatory status. You can learn more about these reviews on the regulator websites.
Is ForexTime a market maker?
ForexTime is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by ForexTime even if no buyer or seller is lined up.
How can I start trading with ForexTime?
When opening a trading account with ForexTime, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on ForexTime trading platforms, you can follow the link provided below: Learn more about signing up with the ForexTime trading platform here. This will provide useful information and insights into the various trading platforms offered by ForexTime, enabling you to make an informed decision about which platform to choose for your trading needs.
Is my money safe with ForexTime?
Yes your money is safe with ForexTime.
Overall, strict financial regulation is essential for ensuring that trading platforms like ForexTime operate fairly, transparently, and responsibly, which ultimately benefits all ForexTime stakeholders involved.
Trading platforms like ForexTime must have strict financial regulation for several reasons:
- Protecting ForexTime Investors: Strict financial regulation ensures that investors who use the ForexTime trading platform are protected against fraudulent or unethical behavior by the ForexTime platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the ForexTime platform.
- Maintaining ForexTime Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the ForexTime trading platform. Regulatory procedures reduce the likelihood of the ForexTime platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
- Enhancing ForexTime Transparency: Regulations require trading platforms like ForexTime to maintain detailed records and disclose ForexTime client information. Financial regulatory requirements enhances transparency and helps to build trust between the ForexTime platform and its investors.
ForexTime is regulated by the CMA (Capital Markets Authority of the Republic of Kenya) (135), FCA (Financial Conduct Authority) (777911), FSC (Financial Services Commission of the Republic of Mauritius) (C113012295), FSCA (Financial Sector Conduct Authority of South Africa) (FSP No. 50320). When selecting a broker such as ForexTime, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, ForexTime ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like ForexTime.
Is ForexTime a con?
ForexTime is regulated and well established, having been in business for over 13 years. ForexTime is not a con.
Can you make money with ForexTime?
Although traders have had great success with ForexTime, trading on the financial markets with ForexTime is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Does ForexTime have fees?
ForexTime doesn't charge withdrawal fees. ForexTime does charge a fee for inactive accounts. ForexTime doesn't charge deposit fees.
When was ForexTime founded?
ForexTime was founded in 2011.
How many people use ForexTime?
ForexTime is used by over 1,000,000 registered ForexTime users.
What is ForexTime Headquarters country?
ForexTime has its head quarters office in Limassol(Cyprus), London(UK) and Ebene(Maurtius) .
Does ForexTime offer negative balance protection?
ForexTime offers negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.
Does ForexTime offer guaranteed stop loss?
ForexTime does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
Does ForexTime allow scalping?
ForexTime offers scalping.
Does ForexTime allow hedging?
ForexTime offers hedging.
Does ForexTime offer CFD trading?
ForexTime offers CFD trading.
Does ForexTime offer STP?
ForexTime offers STP trading.
How many people use ForexTime?
ForexTime is used by over 1000000 ForexTime users and traders.
Is ForexTime an ECN broker?
ForexTime offers ECN trading.
Does ForexTime offer a demo account?
ForexTime offers a demo account.
Does ForexTime offer an Islamic account?
ForexTime offers an Islamic account.
What are the funding methods for ForexTime?
Please note that funding methods and options available with ForexTime can be found in the ForexTime Members area and depend on the ForexTime client’s country of residence. Please check your specific available payment methods on the ForexTime website. ForexTime accept the following funding methods : UPI, Netbanking, Local Nigerian Bank Wire Transfer, Local Nigerian Instant Bank Transfers, Equity Bank Transfer, Ghanaian Local Transfer, Africa Local Solutions, M-Pesa, FasaPay, Visa, Mastercard, Maestro, Debit Cards, Credit Cards, Google Pay, GlobePay, Skrill, PayRedeem, PerfectMoney, Neteller, Bank Wire Transfer.
ForexTime review written by Andrew Blumer and Mark Hansen
