ForexTime Review 2019

ForexTime Rated 3/5
ForexTime have a low rating. We recommend you look at one of their alternative brokers.
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ForexTime Guide

ForexTime are an online broker founded in 2011 offering Forex trading, and CFDs trading.

ForexTime are a global broker and have multiple offices around the world including a head office in Cyprus, UK.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of ForexTime we break down the pros and cons. What ForexTime are able to offer, what countries ForexTime are available in. Who ForexTime are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with ForexTime

  • Regulated by: Cyprus Securities and Exchange Commission (CySEC)
  • Headquarters Country : Cyprus, UK
  • Foundation year 2011
  • Min Deposit : 5
  • Used by over 10,000 traders
  • ForexTime is not available in the following countries : US, JP, CO
Open ForexTime's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to ForexTime

With this review we hope to help you see if ForexTime is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding ForexTime that will help you get off to a good start in the world of online trading.

ForexTime Review Table of Contents

ForexTime what you should know

ForexTime offer two ways to trade: Forex, CFDs.

With ForexTime you will need a minimum deposit of $5. 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 choosing a broker like ForexTime the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2011, and in operation for 8 years ForexTime have a head office in Cyprus, UK.

ForexTime is regulated. This means ForexTime are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to ForexTime, this will be honored. If ForexTime violate any regulatory rules their regulated status could be stripped.

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 banks financial health and strength.

Try creating two accounts when you are working with ForexTime. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit ForexTime

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker ForexTime XTB Pepperstone eToro
Year Established 2011 2002 2010 2006
Head Office Cyprus, UK Poland Australia Cyprus, UK
Regulation Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 250,000+ 10,000+ 10,000+
Negative balance protection Yes Yes Yes No
Guaranteed Stop Loss No Yes No No
Learn More Visit ForexTime Visit XTB Visit Pepperstone Visit eToro
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

ForexTime Pros and Cons

What we like about ForexTime

  • Used by over 10,000 traders
  • Established in 2011
  • Regulated by Cyprus Securities and Exchange Commission (CySEC)
  • Min. deposit from $5

What we don't like about ForexTime

ForexTime Financial Regulation and Supervision in more detail

We have checked and ForexTime is regulated and supervised by reputable organisations. You are able to check every ForexTime supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with ForexTime. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect ForexTime traders and provide a safe trading environment.

ForexTime is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as ForexTime you should be sure they're legitimate online agent.

ForexTime General Fees

  • ForexTime withdrawal fees varies on payment method
  • ForexTime doesn't charge inactivity fees
  • ForexTime doesn't charge deposit fees
Broker ForexTime XTB Pepperstone eToro
Min Deposit 5 0 200 200
Withdrawl Fees Yes varies No Yes
Inactivity Fees No No Yes Yes
Deposit Fees No No No No
CFD Commission Fees No Yes Yes No

ForexTime Commissions

  • ForexTime doesn't charge commission on CFD shares.

What can you trade with ForexTime?

You can trade a wide variety of instruments with ForexTime over 100 instruments infact.

If you are looking at trading currency pairs ForexTime offer over 60 currency pairs.

Compare ForexTime with XTB and Pepperstone below.

Your capital is at risk

Broker ForexTime XTB Pepperstone eToro
Instruments Available 100 1,500 100 100
Platforms MT4, MT5, Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies Visit ForexTime Visit XTB Visit Pepperstone Visit eToro
Forex pairs offered 60 50 70 50
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit ForexTime Visit XTB Visit Pepperstone Visit eToro
Commodities Offered 0 21 16 0
Metals Yes Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs Visit ForexTime Visit XTB Visit Pepperstone Visit eToro
Stocks Offered 173 1696 60 957
UK Shares No Yes No Yes
US Shares No Yes No Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes No Yes

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, making it easier to keep an eye on and execute your trades while you’re on the move.

See ForexTime's platforms

ForexTime Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

ForexTime Trading Accounts Offered :

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account

Can I try ForexTime before I buy?

ForexTime offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding and withdrawl methods do ForexTime accept?

ForexTime offer the below funding payment methods. learn more about ForexTime

  • Credit cards
  • Bank Transfer
  • Payoneer
  • Neteller
  • UnionPay
Broker ForexTime XTB Pepperstone eToro
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes Yes Yes Yes
Neteller Yes Yes Yes Yes

How can I start trading with ForexTime?

When opening a trading account with ForexTime, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ForexTime trading platforms here.

Performing trades with ForexTime

With ForexTime, the minimum and maximum trade requirements vary depending on the trader and the instrument. As ForexTime offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

ForexTime also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by ForexTime here.

Education resources at ForexTime

To trade effectively with ForexTime, it's important to get a have a good understanding of the XTB trading tools and the markets.

ForexTime offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with ForexTime.

Take time to look around the ForexTime platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Support at ForexTime

ForexTime support a wide range of languages including Italian, Malay, Polish, Dutch, English, Arabic, Chinese, Czech, Indonesian, Russian, Serbian, Slovak, Spanish, French, German, and Greek

ForexTime have a triple AAA grade support rating because they offer a wide range of languages, live chat and email support.

Broker ForexTime XTB Pepperstone eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages Italian, Malay, Polish, Dutch, English, Arabic, Chinese, Czech, Indonesian, Russian, Serbian, Slovak, Spanish, French, German, and Greek English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic English, German, Spanish, French, and Italian
Learn More Visit ForexTime Visit XTB Visit Pepperstone Visit eToro
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

What you will need to open an account with ForexTime

As ForexTime is regulated by Cyprus Securities and Exchange Commission (CySEC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore ForexTime's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with ForexTime you can visit their website here.

CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from http://www.forextime.com/ on 12th August 2018.

ForexTime Bottom Line

  • ForexTime have a good track record of offering Forex, CFDs.
  • ForexTime has a history of over 7 years.
  • ForexTime has a reasonable sized client support call center of at least 10.
  • ForexTime are regulated by Cyprus Securities and Exchange Commission (CySEC). This means ForexTime fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • ForexTime have regulation from a Tier 1 reputable country.
  • ForexTime has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • ForexTime have an international presence in multiple countries. This includes local ForexTime seminars and training.
  • ForexTime are able to hire people from various locations in the world who can better communicate in your local language.

ForexTime Risk Disclaimer

Your capital is at risk

ForexTime not quite right?

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If you feel some of the above ForexTime are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of ForexTime alternatives below.

Related ForexTime Comparisons

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FOREXTIME Frequently Asked Questions

Can I try ForexTime before I buy?

ForexTime offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do ForexTime accept?

ForexTime offer the following funding payment methods accept Credit cards, Bank Transfers, Payoneer, Neteller, Wire Transfer, among other payment methods.
Learn more here

Your capital is at risk

How can I start trading with ForexTime?

When opening a trading account with ForexTime, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ForexTime trading platforms here.

Is my money safe with ForexTime?

ForexTime is regulated by Cyprus Securities and Exchange Commission (CySEC). One of the most important criteria for traders when choosing a broker like ForexTime is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to ForexTime, this will be honored. If they violate any regulatory rules their regulated status can be stripped.