FXTM Review 2020 – Is this broker good?
General Information |
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Broker Name: | FXTM (ForexTime Ltd.) |
Broker Type: | Forex |
Country: | Cyprus |
Operating since year: | 2013 |
International offices: | Kuwait, Nigeria, United Kingdom |
Regulation: | •CySEC, 185/12 •FCA (UK), 777911 •FSB (South Africa), 46614 •IFSC (Belize), SC/60/345/TS and IFSC/60/345/APM |
Address: | Limassol, Cyprus |
Broker status: | Regulated |
Customer Service | |
Phone: | +44 203 734 1025 |
Email: | [email protected] |
Languages: | English, Arabic, Armenian, Bahasa, Bengali, Cantonese, Chinese, Czech, Farsi, French, German, Hindi, Igbo, Indonesian, Italian, Korean, Malay, Maratchi, Pashto, Polish, Portuguese, Punjabi, Russian, Saraiki, Slovak, Spanish, Thai, Ukraine, Urdu, Vietnamese, Yoruba |
Availability: | Mon-Fri 24 hours GMT+3 during Daylight Saving Time |
Trading | |
Trading Platforms: | MT4 & MT5 (Compatible with iOS and Android) |
Trading platform(s) timezone: | GMT+3 |
Demo Account: | Yes |
Mobile trading: | Yes |
Web based trading: | Yes |
Other trading instruments: | currencies, spot metals, shares, and commodities as well as cryptocurrencies CFD’s. |
Account | |
Minimum deposit ($) | $5 |
Maximal leverage (1:?) | 1:1000 |
Spread | Variable |
Scalping allowed | Yes |
Overall
4.5
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Support
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Platform
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Spread
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Trading Instrument
Bad broker
They are the type of broker who never listens to customers. They manipulate people and add them to add more money.
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Rude and unhelpful
Rude and unhelpful people. Their real behavior shows up after deposit as if they are only after getting money from people.
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Poor services
Poor broker and customer service. I will not recommend this to anyone and I will not keep the services.
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Rude brokers
Avoid dealing with this broker service. They do not pay for profit and they are very rude.
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Unresponsive
Difficult to connect to their customer service. They are also very unresponsive to messages.
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Bad brokers
What they have is very suspecting. I have hints that they are not a true broker but what they have is a fake trading transaction. I get losses after losses and I decided to close my account instead.
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Bad broker
If I could turn back time, I wish I never traded with this broker. I have lost all my funds at first try. They told me to add a few dollars in order to recover because market movements have better possibilities however the next time I deposited it only ads up to losses.
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The worst broker
I never imagine it is this worst to trade with this broker. I, until now for the past 3 weeks, is unable to withdraw money. They began to be busy and started so difficult to contact when I start asking for withdrawals.
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Poor services
A broker company with a group of rude and unprofessional people. Services are very poor.
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Poor trading assets
Trading assets offered are not so profitable, worst they’re very expensive. I tried trading several assets here and I am not happy with my profit.
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Poor broker service
Poor broker signals and worst services. I understand trading includes risk but I never thought their services are that worst.
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Bad customer service
Bad customer service. They are very difficult to contact and they do not reply to messages.
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Rude and manipulative
Rude and manipulative brokers. They will force redeposits from time to time. Even if I am losing they insist on adding more. I ended up losing so much.
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Slow withdrawals
Very slow withdrawal process. After completing the needed terms and documents, I still have a hard time waiting for my withdrawal.
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Slow withdrawals
Very slow withdrawal process and bad customer service. I will never trade with this broker again.
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