ForexTime Review 2020

ForexTime Rated 3/5
learn more Learn more about eToro. 62% 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 Guide

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

ForexTime are a global broker and have 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 9 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 eToro XTB Pepperstone
Year Established 2011 2006 2002 2010
Head Office Cyprus, UK Cyprus, UK Poland Australia
Regulation Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), 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)
Used By 10,000+ 10,000+ 250,000+ 10,000+
Negative balance protection Yes No Yes Yes
Guaranteed Stop Loss No No Yes No
Learn More Visit ForexTime Visit eToro Visit XTB Visit Pepperstone
Risk Warning Your capital is at risk 62% 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. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% 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 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 eToro XTB Pepperstone
Min Deposit 5 200 0 200
Withdrawl Fees Yes Yes varies No
Inactivity Fees No Yes No Yes
Deposit Fees No No No No
CFD Commission Fees No No Yes Yes

ForexTime Commissions

  • ForexTime doesn't charge commission on CFD instruments.

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 eToro and XTB below.

Your capital is at risk

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

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
  • STP 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

ForexTime withdrawl and funding methods.

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

  • Credit cards
  • Bank Transfer
  • Payoneer
  • Neteller
  • UnionPay
Broker ForexTime eToro XTB Pepperstone
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.

ForexTime Leverage and ForexTime CFDs Explained

let's take a look at some of the basics of using ForexTime leverage.

ForexTime offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

ForexTime leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the ForexTime trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The ForexTime leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

ForexTime CFDs are typically used for short to medium term trades. For example ForexTime intraday trading.

Limiting Your Risk When Trading with ForexTime Negative Balance Protection

We should say something about negative balance protection with ForexTime. When trading using leverage an adverse move could result in losing more than your trading account balance at ForexTime. Your ForexTime account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Limit Risk When Trading with ForexTime Stop Loss, ForexTime Stop Limit Orders

A stop-loss order is an order placed with a broker like ForexTime to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at ForexTime

To trade effectively with ForexTime, it's important to get a have a good understanding of the ForexTime 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.

Customer 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, email and phone support.

ForexTime customer service support multiple languages from all over the world. Having a broker that can hire people from various locations in the world who can better communicate with you in your local language is a huge advantage well trying to deal with issues.

Livechat Support at ForexTime

We tested the ForexTime live chat and it works well. We sent messages to ForexTime livechat through their app and website and recieved a response within 3 minutes.

We tested communicating with ForexTime support in multiple languages in multiple countries. ForexTime where able to quickly resolve our customer issues.

Email Support at ForexTime

We sent several emails to ForexTime and answer times overall were excellent. The fastest response from ForexTime was less than 2 minutes and the slowest response was 3 hours. Support response times may vary for you with ForexTime, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from ForexTime.

Phone Support at ForexTime

We called ForexTime and the call was answered very quickly. The call was answered in less than 1 minutes.

The ForexTime phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual ForexTime team by calling in varying languages. ForexTime made an effort to make sure our queries were answered.

Overall great phone support from ForexTime.

See how ForexTime Support Compares Against Other Brokers

Broker ForexTime eToro XTB Pepperstone
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, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit ForexTime Visit eToro Visit XTB Visit Pepperstone
Risk Warning Your capital is at risk 62% 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. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% 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

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.

Is ForexTime A Good Broker?

We spent over 3 months examining ForexTime in depth. Although we found some very useful aspects of the ForexTime platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative ForexTime broker.

  • ForexTime have a good track record of offering Forex, CFDs.
  • ForexTime has a history of over 7 years.
  • ForexTime has a reasonable sized customer support 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?

Check out these ForexTime Alternatives

We have spent years researching the best alternatives to ForexTime. Click the links below to learn more.

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

If you would like to see how ForexTime stands up against other brokers you can read some of our ForexTime comparisons below. We compare side by side some of our top rated ForexTime versus comparisons. Read some indepth ForexTime VS pages below.

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

Is ForexTime safe?

ForexTime are considered safe as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC). 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.

Is ForexTime trading good?

ForexTime is considered good and reputable to trade with. ForexTimeForexTime is used by over ForexTime active traders. ForexTime offers Forex trading, and CFDs trading. Minimum deposit with ForexTime is mindeposit.

Is ForexTime trading Legit?

ForexTime was founded in Cyprus, UK in 2011. ForexTime has been facilitating trade on the financial markets for over 9 years. ForexTime offers clients Forex trading, and CFDs trading. All funds deposited to ForexTime are held in segregated tier 1 bank accounts for security. ForexTime is regulated by Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.

Is ForexTime a good broker?

ForexTime is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.ForexTime allows Forex trading, and CFDs trading.

Is ForexTime trustworthy broker?

ForexTime can be considered trustworthy. All money funded to ForexTime is placed into a segregated tier 1 bank account. this means your money in not held by ForexTime directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also ForexTime is regulated by Cyprus Securities and Exchange Commission (CySEC).

What is the minimum deposit for ForexTime?

The minimum deposit to trade with ForexTime is 5.

How long do ForexTime withdrawals take?

Withdrawing money from ForexTime processing time varies but averages 2-5 days.

Is ForexTime regulated?

ForexTime is regulated by Cyprus Securities and Exchange Commission (CySEC).

Is ForexTime a market maker?

ForexTime is a market maker. Stocks, currency and other commodities and instruments will be purchased by ForexTime even if no buyer is lined up.

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.

Is ForexTime a con?

ForexTime is regulated and well established having been in business for over 9 years. ForexTime is definitely 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. Your capital is at risk.

Does ForexTime have fees?

ForexTime withdrawal fees varies on payment method. ForexTime doesn't charge inactivity fees. 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 10000 registered traders.

What is ForexTime Headquarters country?

ForexTime has its head quarters office in Cyprus, UK.

Does ForexTime offer negative balance protection?

ForexTime offers negative balance protection. With Negative balance protection means 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 guarenteed to close your trade at your specified price.

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 10000 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 a Islamic accounts.

What are the funding methods for ForexTime?

ForexTime accept the following funding methods : Credit cards, Payoneer, Neteller, UnionPay, Bank Transfer.

ForexTime review written by Andrew Blumer and Mark Hansen

We hope you found our review of the ForexTime brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

ForexTime review written by Mark Hansen of Comparebrokers.co