logo |

Brokers

    Home - Brokers - FXTM

    WikiFX Score

    0 1 2 3 4 5 6 7 8 9
    .
    0 1 2 3 4 5 6 7 8 9
    0 1 2 3 4 5 6 7 8 9
    /10
    Good

    FXTM

    • United Kingdom United Kingdom
    • 5-10 years
    • Regulated in Cyprus
    • Market Making(MM)
    • MT4/5 full license
    • Regional Brokers
    Open Account
    WikiFX Score
    Comparison

    The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!

    VPS Special

    7-day free for non FXTM broker accountsPermanent free for FXTM broker real accounts

    • Dual-core processor

      100%

    • 2GRam

      100%

    • 60GHarddisk

      50%

    Open for free

    Broker Information

    Company Name

    Forextime Ltd

    Phone of the company

    00442037341025

    Company website
    https://www.forextime.com
    Customer Service Email Address

    support@fxtm.com

    Company address

    Exinity Limited, 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius

    3rd Floor, 5, Allen Avenue, Ikeja Lagos, Nigeria

    Pyramid scheme complaint
    Expose

    Check whenever you want

    Download App for complete information

    Download on the

    App Store

    Download on the

    Google Play

    Download on the

    Android

    WikiFX Risk Alerts 2
    2022.07.04

    The number of the complaints received by WikiFX have reached 36 for this broker in the past 3 months, please be aware of the risk and the potential scam!

    This broker exceeds the business scope regulated by South Africa FSCA(license number: 46614)National Futures Association-UNFX Non-Forex License, please be aware of the risk!

    • Account
    • Benchmark
    Comparison
    Trading software
    • Advantage Plus
    • Advantage
    • Micro
    • Benchmark AAA
    • Maximum Leverage --
    • Minimum Deposit $500
    • Minimum spread --
    • Products FX FX Indices Metals Commodities Indices Stock Baskets Stocks (MT5 only) Stock CFDs (MT5 only)
    • Currency --
    • Benchmark AAA
    • Maximum Leverage --
    • Minimum Deposit $500
    • Minimum spread --
    • Products FX FX Indices Metals Commodities Indices Stock Baskets Stocks (MT5 only) Stock CFDs (MT5 only)
    • Currency --
    • Benchmark AAA
    • Maximum Leverage --
    • Minimum Deposit $10
    • Minimum spread --
    • Products FX FX Indices Metals Commodities Indices Stock Baskets Stocks (MT5 only) Stock CFDs (MT5 only)
    • Currency --
    • Currency --
    • Minimum position --
    • EA supported
    • Depositing Method --
    • Withdrawal Method --
    • Commission --
    • Currency --
    • Minimum position --
    • Depositing Method --
    • Withdrawal Method --
    • Commission from $0.4 to $2
    • Currency --
    • Minimum position --
    • Depositing Method --
    • Withdrawal Method --
    • Commission --
    Scam

    Induced deposits with anniversary activities, and then a series of problems followed

    Picture[1] On April 9th, a friend told me that the business had an anniversary event and asked me to contact customer service to see if I had the right to participate, so I was confused and passively participated. Figure [2] On April 10th, the first application for withdrawal of funds failed. The customer service refused to withdraw funds on the grounds that the anniversary activities were not completed, and said that the activities that were not completed within the specified time would be handed over to the judicial department and reported for levy letter. Figure [3] On April 11th, I borrowed money from a friend. Due to the transfer limit, I made a deposit of 320,000 yen and completed 50% of the progress of the activity. Figure [4] The platform could not be accessed on April 12th and 13th, the official statement is system maintenance and upgrade; on April 14th, the deposit of 331,000 yen was completed to complete the anniversary event. Figure [5] On April 14th, the second withdrawal failed. The customer service asked me to pay 20% of the account balance as the violation fee on the grounds that my account maliciously attacked the platform system data and caused a high profit violation, otherwise the account will be frozen. On April 15th, deposit 342,500 yen as a deposit. Figure [6] On April 17th, the deposit arrived. Figure [7] From April 18th to 22nd, I contacted customer service about the withdrawal of funds, and I have been inquiring all the time, but there is no result; I later informed that the profit part needs to pay 50% of the account balance as personal income tax before the withdrawal can be resumed. business. Figure [8] On April 24th, the illegal payment was refunded to the account. Figure [9] On April 24, it was found that the account main body of the old version was inconsistent with the account main body of the new version. I asked customer service, the customer service explained it, and sent an email to Exness's official mailbox for verification, but no reply was received.

    FX2878825992

    2022/4/24 15:33:51

    Japan
    • WikiFX Data
    • Marketing Strategy
    Subscribe to FXTM VPS now

    Total Margin

    Active Trade

    New User

    Stop Out

    Total Profit

    Total lots

    Spread Cost

    Net Deposit

    Net Withdraw

    No data
    Brokers Is FXTM A Reliable Broker?

    The currency market is unfathomable – it is full of opportunities as well as risks. Many investors have gained good returns after entering the forex markets, and some also have learned painful lessons that cost them a great amount of fortune. Today, WikiFX will be reviewing a forex broker named FXTM for the perusal of all traders and/or investors.

    WikiFX
    2022/6/28 10:02:20
    Is FXTM A Reliable Broker?
    Brokers Strategies for the Best Scalping Indicators

    Scalping is described as a trading method in which traders aim to benefit from tiny price swings, generally after completing a deal and becoming successful. Such traders often trade with a tight, pre-planned exit strategy since a single large loss may easily wipe out their numerous tiny wins earned through hard labor. Scalpers depend on various aspects, including scalping indicators, live feed, direct-access brokers, and the ability to execute several trades, to make their trading method effective.

    WikiFX
    2022/5/10 8:19:19
    Strategies for the Best Scalping Indicators
    Brokers Special RAMADAN Bonus from FXTM

    Enjoy fantastic bonuses every time you make the minimum deposit during Ramadan with FXTM login!

    WikiFX
    2022/4/18 7:08:08
    Special RAMADAN Bonus from FXTM
    Brokers BEST 5 ISLAMIC BROKER WHICH YOU CAN USE TO TRADE WITHOUT RIBA

    There are 34,000+ brokers in WikiFX, which is provided for global users to check the full information of all the brokers free of charge without paying a single kobo. Today WikiFX will highlight some forex brokers for the Muslim traders to use and trade without any Interest (Riba) Which is prohibited in the Islamic business. 

    WikiFX
    2022/4/15 10:35:38
    BEST 5 ISLAMIC BROKER WHICH YOU CAN USE TO TRADE WITHOUT RIBA
    Brokers Experience of Brokers that I’ve traded before

    Andeerson Wong discussed his experience with two brokers that he has traded before: Zeromarkets and FXTM. If you want to learn what is look like when trading with these brokers. please continue to read.

    WikiFX
    2022/4/7 4:54:19
    Experience of Brokers that I’ve traded before

    FXTM

    Please download WikiFX APP

    Scan to Download

    Cyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission (CYSEC)

    The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.

    • Licensed Institution :

      Forextime Ltd

      Effective Date :

      2012-12-13
    • Email Address of Licensed Institution :

      compliance@forextime.com

      License Type:

      No Sharing
    • Website of Licensed Institution :

      www.forextime.com/eu

      Expiry Date :

      --
    • Address of Licensed Institution :

      35, Lamprou Konstantara Street, FXTM Tower, Kato Polemidia, CY-4156 Limassol

      Phone Number of Licensed Institution :

      +357 25 558 777
    • Licensed Institution Certified Documents :

      Annex1 Annex2 Annex3 Annex4
    Financial Conduct Authority

    Financial Conduct Authority (FCA)

    The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.

    • Licensed Institution :

      Exinity UK Ltd

      Effective Date :

      2018-02-01
    • Email Address of Licensed Institution :

      info@forextime.co.uk

      License Type:

      No Sharing
    • Website of Licensed Institution :

      https://www.forextime.com/uk

      Expiry Date :

      --
    • Address of Licensed Institution :

      1 St. Katharine's Way London E1W 1UNE 1 W 1 U N UNITED KINGDOM

      Phone Number of Licensed Institution :

      442035141251
    • Licensed Institution Certified Documents :

      Annex1 Annex2 Annex3 Annex4
    Financial Sector  Conduct  Authority

    Financial Sector Conduct Authority (FSCA)

    The Financial Sector Conduct Authority (FSCA) is the market conduct regulator of financial institutions, that provide financial products and financial services, financial institutions that are licensed in terms of a financial sector law, including banks, insurers, retirement funds and administrators, and market infrastructures. The FSCA is responsible for market conduct regulation and supervision. FSCA aims to enhance and support the efficiency and integrity of financial markets and to protect financial customers by promoting their fair treatment by financial institutions, as well as providing financial customers with financial education. The FSCA will further assist in maintaining financial stability.

    • Licensed Institution :

      FOREXTIME LTD

      Effective Date :

      2016-07-05
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      FXTM TOWER 35 LAMPROU KONSTANTARA, KATO POLEMIDIA LIMASSOL, CYPRUS

      Phone Number of Licensed Institution :

      00357 25558777
    • Licensed Institution Certified Documents :

      Annex1 Annex2

    No content

    No data

    Load failure

    Load failure

    ×
    FXTM

    根據香港證券及期貨事務監察委員會的規定

    為確保您查看資訊及時性和準確性,我們將為您跳轉到相關的監管資訊頁面

    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    FXTM
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
    Related Photos
    Confirm to Submit

    Submit successfully!

    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

    Confirm

    FXTM · Company summary

      General Information & Regulation

      Founded in 2011, FXTM is an online forex broker, providing services for foreign exchange, indices, commodities, and more financial instruments. FXTM is regulated in multiple jurisdictions worldwide, with offices in Europe, the Middle East, Africa, Asia, and Latin America, attracting over 2 million clients from over 150 countries worldwide. Exinity Limited is regulated by the Mauritius Financial Services Commission, and Exinity UK Ltd is regulated by the Financial Conduct Authority (FCA) in the UK (Reg. No. 777911), and Forextime Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) (Reg. No. 185/12).

      Market Instruments

      FXTM offers over 250 trading products to investors worldwide, covering a wide range of investment instruments such as currency pairs, precious metals, commodity CFDs, index CFDs, equities CFDs, and more.

      Minimum Deposit

      To meet different investors' investment needs and trading experience, FXTM has set up several account types. The main account types are Standard and ECN accounts. Standard Accounts are subdivided into Standard accounts (with the minimum deposit of $100/€/£), FX Cent accounts ( with the minimum deposit of $10/€/£), and Equity CFD accounts (with the minimum deposit of 100 USD/EUR/GBP). ECN accounts are divided into ECN accounts (with the minimum deposit 500 USD/EUR/GBP), ECN zero commission accounts (with the minimum deposit 200 USD/EUR/GBP) and FXTM Pro accounts (with the minimum deposit 25, 000 USD/EUR/GBP).

      FXTM Leverage

      Lverage Lever also differs depending on different accounts. Standard accounts with floating leverage of 1:2000, FX Cent accounts with the leverage of 1:1000 to 1:25 (FX), and the Equity CFD account with the fixed leverage 1:10 for US equities, 1:3 for European equities, the ECN accounts with the floating leverage 1:2000, the ECN Zero commission account 1:2000, and FXTM Pro account with a flexible leverage: 1:200 to 1:25.

      Spreads & Commissions

      Minimum spreads start at 1.3 pips for Standard accounts, 1.5 pips for Forex Cent accounts, and 0.1 pips for Equity CFD accounts. Minimum spreads start at 0.1 pips for ECN accounts with a commission of $2 per lot (one side), minimum spreads start at 1.5 pips for ECN zero commission, and 0 pips for FXTM Pro accounts. FXTM offers flexible rules for ECN MT4 accounts offer flexible rules for floating commissions. The more funds an investor has and the larger their trading volume, the lower the commission they pay. Please note that the commission formula for ECN MT4 is: (Volume * Contract Operation * Opening Price) / 1,000,000 * Commission * 2.

       FXTM Trading Platform

      FXTM offers desktop, Apple, mobile, and tablet versions of the industry-leading trading platforms MetaTrader 4 and MetaTrader 5 to meet a wide range of traders' needs and increase their trading flexibility. If traders prefer to trade directly through their browser, they can use MT4 and MT5 on PC and Mac To trade, WebTrader - no download required! For traders with multiple accounts, FXTM also offers traders a Multiple Account Management System (MAM) on MT4 for easy management and ultimate convenience.

      Deposit & Withdrawal

      FXTM offers its clients various deposit and withdrawal methods, mainly VISA, MasterCard, Maestro credit cards, Skrill, Moneybookers, VLOAD, TC Pay wallet, NETELLER (VIP clients only), PayPal, Perfect Money, Bitcoin, Internet banking, local transfers in India and Pakistan, local transfers in Nigeria, no commission for deposits. Withdrawals via VISA, MasterCard, Maestro are subject to a fee of US$3/€2/£2. Withdrawals via PayPal are subject to 2%, withdrawals via Perfect Money are subject to a fee of 0.5%, withdrawals via Bitcoin are subject to a fee of 1%. There is no fee for other withdrawal methods.

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.