With thousands of scam brokers entering the finance market every day to trick innocent traders and steal their money, differentiating the legit brokers from the scam brokers. In order to make it a tad bit easier for our readers to trade and invest with trusted sources, we will be reviewing brokers and differentiating them into legit brokers and scam brokers. In today’s section, we will investigate and review the FXTM or Forex Time broker. Founded in 2011, the FXTM or Forex Time broker is claimed to be one of the world’s finest forex brokers with many customers worldwide. The brokerage firm showed significant growth in a very short span of time in Europe, Asia, and Africa. We recommend you to read this FXTM review to know more about their scam.
In this section, we would be specifically discussing what all the FXTM or Forex Time offers and demands:
The FXTM or Forex Time Regulation:
The regulation is the most important step to look out for while deciding on a broker. In our case, the FXTM or Forex Time gives us a green flag in this by having 4 licenses issued by regulators such as CySEC of Cyprus, FSCA of South Africa, FCA of UK, and FSC of Mauritius.
The FXTM or Forex Time Instruments:
The FXTM or Forex Time offers trade in over 250 tradable instruments to its clients that includes CFDs on spot metals, Cryptocurrencies, shares, indices, and commodities, etc. It also includes 50+ currency pairs for the customer to trade and invest in. The huge variety offered by The FXTM or Forex Time enables the customers to choose wisely and trade so as they can earn more. This adds yet another green flag in this FXTM or Forex Time review.
The FXTM or Forex Time leverage:
The leverage that is offered by a brokerage firm plays an important role in determining whether the trader will incur a loss or take home a big win. The leverage offered by The FXTM or Forex Time varies with the tradable instruments. The FXTM or Forex Time offers leverage of 1:30 on forex instruments, 1:20 on spot metals and minor currency pairs, and 1:5 on shares, etc. This raises an immediate green flag for the company. On top of this, the company also offers leverages up to 1:200, 1:500, or 1:1000 to those who are willing to take the risk. However, to enjoy these leverages, the customer must make a special account with The FXTM or Forex Time.
The FXTM or Forex Time account types and minimum deposits:
The FXTM or Forex Time offers its customers three different options to make an account, namely, Micro, Advantage, and Advantage Plus. The minimum deposit ranges from $50 to $500 for the account types respectively.
To sum up, all that has been said above, we can safely say that The FXTM or Forex Time is a legit broker. We encourage our readers to trade and invest with The FXTM or Forex Time. To know more about legit brokers and scam brokers, read our reviews on the top scam and legit brokers.