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FXTM Review

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Overview of FXTM Review:

  • With the influx of scam brokers flooding the finance market daily, it becomes crucial to distinguish legitimate brokers from fraudulent ones. To help our readers invest and trade safely, we review various brokers, categorizing them as either trustworthy or deceitful. In today’s review, we focus on FXTM (Forex Time), a broker founded in 2011 that has quickly established itself as a significant player in the forex market, particularly in Europe, Asia, and Africa. Read on to discover whether FXTM is a legitimate broker or a potential scam.

  • About FXTM (Forex Time)

  • In this section, we will delve into the specifics of what FXTM offers and requires from its clients.

  • FXTM Regulation

  • Regulation is a critical factor in determining the legitimacy of a broker. FXTM scores a green flag in this regard, being licensed by four reputable regulatory bodies:
  • Cyprus Securities and Exchange Commission (CySEC) of Cyprus
  • Financial Sector Conduct Authority (FSCA) of South Africa
  • Financial Conduct Authority (FCA) of the UK
  • Financial Services Commission (FSC) of Mauritius
  • These licenses provide a strong assurance of FXTM’s credibility and commitment to regulatory compliance.

  • FXTM Instruments

  • FXTM offers its clients over 250 tradable instruments, including CFDs on spot metals, cryptocurrencies, shares, indices, and commodities. Additionally, FXTM provides more than 50 currency pairs for trading. This extensive variety allows traders to diversify their portfolios and choose instruments that best suit their trading strategies, earning another green flag in this review.

  • FXTM Leverage

  • Leverage is a crucial element that can significantly impact a trader’s potential profits or losses. FXTM offers varying leverage levels depending on the instrument:
  • 1:30 on forex instruments
  • 1:20 on spot metals and minor currency pairs
  • 1:5 on shares
  • Moreover, for those willing to take higher risks, FXTM provides leverage options up to 1:200, 1:500, or even 1:1000 through special accounts. This flexibility in leverage options is another positive aspect of FXTM.
  • FXTM Account Types and Minimum Deposits
  • FXTM offers three different account types to cater to varying trader needs:
  • Micro Account: Minimum deposit of $50
  • Advantage Account: Minimum deposit of $500
  • Advantage Plus Account: Minimum deposit of $500
  • These options provide flexibility for traders with different investment levels and strategies.

  • Conclusion

  • Based on the comprehensive review of its regulation, range of instruments, leverage options, and account types, FXTM (Forex Time) appears to be a legitimate broker. We encourage our readers to consider FXTM for their trading and investment needs. For more insights on both scam and legitimate brokers, explore our detailed reviews.
  • By understanding the credentials and offerings of FXTM, traders can make informed decisions and avoid potential scams in the volatile world of forex trading.