ForexTime Review 2020

ForexTime Rated 2/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.
ForexTime Review Screenshot

ForexTime Guide - Read our In Depth ForexTime Review

This ForexTime review was written by industry experts with over 20 years of financial experience in Forex, CFDs.
The content in this ForexTime review does not apply to US users.

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 Limassol(Cyprus), London(UK) and Ebene(Maurtius).

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 breakdown 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

Open ForexTime's 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.

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

With this ForexTime 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 review
What you should know

ForexTime offer two ways to trade: Forex, CFDs.

With ForexTime you will need a minimum deposit of $100. 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.


ForexTime review
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 Limassol(Cyprus), London(UK) and Ebene(Maurtius).

ForexTime is regulated. This means ForexTime are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP No. 46614, Financial Conduct Authority (FCA) of the UK with number 600475 as Exinity Limited (www.forextime.com), Financial Services Commission of the Republic of Mauritius (FSC) with an Investment Dealer License bearing license number C113012295, Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority firm reference number 777911 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

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.

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 eToro IC Markets Trading212
Year Established 2011 2006 2007 2006
Head Office Limassol(Cyprus), London(UK) and Ebene(Maurtius) Cyprus, UK Australia UK
Regulation Cyprus Securities and Exchange Commission (CySEC) with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP No. 46614, Financial Conduct Authority (FCA) of the UK with number 600475 as Exinity Limited (www.forextime.com), Financial Services Commission of the Republic of Mauritius (FSC) with an Investment Dealer License bearing license number C113012295, Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority firm reference number 777911 Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Used By 10,000+ 12,000,000+ 60,000+ 14,000,000+
Negative balance protection Yes Yes Yes Yes
Guaranteed Stop Loss No No No Yes
Learn More Visit ForexTime Visit eToro Visit IC Markets Visit Trading 212
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. 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 review
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) with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP No. 46614, Financial Conduct Authority (FCA) of the UK with number 600475 as Exinity Limited (www.forextime.com), Financial Services Commission of the Republic of Mauritius (FSC) with an Investment Dealer License bearing license number C113012295, Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority firm reference number 777911
  • Min. deposit from $100

What we don't like about ForexTime

ForexTime review
ForexTime Regulation and Licensing 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.

  • Cyprus Securities and Exchange Commission (CySEC) with CIF license number 185/12
  • licensed by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP No. 46614
  • Financial Conduct Authority (FCA) of the UK with number 600475 as Exinity Limited (www.forextime.com)
  • Financial Services Commission of the Republic of Mauritius (FSC) with an Investment Dealer License bearing license number C113012295
  • Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority firm reference number 777911

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 review
ForexTime Fees Explained

  • ForexTime withdrawal fees varies on payment method
  • 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.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How ForexTime Fees Compare Against Other Brokers

Broker ForexTime eToro IC Markets Trading212
Min Deposit 100 200 200 1
Withdrawal Fees Yes Yes No No
Inactivity Fees Yes Yes No No
Deposit Fees No No Varies No
CFD Commission Fees No No Yes No

ForexTime review
ForexTime Minimum Deposit

ForexTime require a minimum desposit of 100 GBP/USD 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.

Dont be scared off by brokers like ForexTime charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

ForexTime review
ForexTime Withdrawal Fees

ForexTime withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

ForexTime for example allow you to withdraw your funds to a Payoneer account, a Neteller account, a UnionPay account, and a bank account via a wire transfer.

ForexTime review
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.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

ForexTime review
ForexTime Desposit Fees

ForexTime does not charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

ForexTime review
ForexTime Commission Fees

ForexTime does not charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

ForexTime review
What can you trade with ForexTime?

Be aware that Different entities under ForexTime Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

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 IC Markets below.

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.

How ForexTime Trading Options Compare Against Other Brokers

Broker ForexTime eToro IC Markets Trading212
Instruments Available 100 100 232 3000
Platforms MT4, MT5, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 60 50 65 177
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        
Commodities Offered 0 0 19 14
Metals Yes Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 173 957 100 1731
UK Shares No Yes No 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 eToro
75% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit Trading 212
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 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 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

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.

Please note that the list of payment methods below depend on the ForexTime Entity and the Clients Country of Residence.

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

  • Credit cards
  • Bank Transfer
  • Payoneer
  • Neteller
  • UnionPay
Broker ForexTime eToro IC Markets Trading212
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes No No No
Neteller Yes Yes Yes No

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.

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

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 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 IC Markets Trading212
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, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
Learn More Visit ForexTime Visit eToro Visit IC Markets Visit Trading 212
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. 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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) with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP No. 46614, Financial Conduct Authority (FCA) of the UK with number 600475 as Exinity Limited (www.forextime.com), Financial Services Commission of the Republic of Mauritius (FSC) with an Investment Dealer License bearing license number C113012295, Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority firm reference number 777911, 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:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under ForexTime Brand may be different.

  • 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 3 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 the ForexTime trading platform 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 review
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 9 years.
  • ForexTime has a reasonable sized customer support of at least 10.
  • ForexTime are regulated by Cyprus Securities and Exchange Commission (CySEC) with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP No. 46614, Financial Conduct Authority (FCA) of the UK with number 600475 as Exinity Limited (www.forextime.com), Financial Services Commission of the Republic of Mauritius (FSC) with an Investment Dealer License bearing license number C113012295, Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority firm reference number 777911. 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

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 review
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.

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.

ForexTime review
Related ForexTime Vs Comparisons

We have covered allot in this ForexTime review, If you want to see how ForexTime compares side by side with other brokers check out our ForexTime Vs pages.

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 our indepth ForexTime VS pages below.

ForexTime review
FOREXTIME Frequently Asked Questions

Can I try ForexTime before I buy?

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

What funding methods do ForexTime accept?

Please note that the list of payment methods below depend on the ForexTime Entity and the Clients Country of Residence.

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

Is ForexTime safe?

ForexTime are considered safe as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP No. 46614, Financial Conduct Authority (FCA) of the UK with number 600475 as Exinity Limited (www.forextime.com), Financial Services Commission of the Republic of Mauritius (FSC) with an Investment Dealer License bearing license number C113012295, Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority firm reference number 777911. 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 100.

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 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) with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP No. 46614, Financial Conduct Authority (FCA) of the UK with number 600475 as Exinity Limited (www.forextime.com), Financial Services Commission of the Republic of Mauritius (FSC) with an Investment Dealer License bearing license number C113012295, Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority firm reference number 777911 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) with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP No. 46614, Financial Conduct Authority (FCA) of the UK with number 600475 as Exinity Limited (www.forextime.com), Financial Services Commission of the Republic of Mauritius (FSC) with an Investment Dealer License bearing license number C113012295, Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority firm reference number 777911 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) with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP No. 46614, Financial Conduct Authority (FCA) of the UK with number 600475 as Exinity Limited (www.forextime.com), Financial Services Commission of the Republic of Mauritius (FSC) with an Investment Dealer License bearing license number C113012295, Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority firm reference number 777911.

What is the minimum deposit for ForexTime?

The minimum deposit to trade with ForexTime is 100.

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) with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP No. 46614, Financial Conduct Authority (FCA) of the UK with number 600475 as Exinity Limited (www.forextime.com), Financial Services Commission of the Republic of Mauritius (FSC) with an Investment Dealer License bearing license number C113012295, Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority firm reference number 777911.

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) with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP No. 46614, Financial Conduct Authority (FCA) of the UK with number 600475 as Exinity Limited (www.forextime.com), Financial Services Commission of the Republic of Mauritius (FSC) with an Investment Dealer License bearing license number C113012295, Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority firm reference number 777911. 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. 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 withdrawal fees varies on payment method. 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 10000 registered traders.

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 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. 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 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