Established in 2011 as a CySec regulated broker, FX Time has expanded rapidly to become a well know and reputable name within the CFD broker industry. Launching it’s cryptocurrency asset range in 2017, FX Time offers traders access to Bitcoin, Ethereum and Litecoin via multiple trading platforms. One of the key points of differentiation for FX Time as a CFD broker is that it places a high degree of emphasis on providing value to traders. This can been seen in the wide range of educational resources, tools and promotional offers provided to clients.
With it’s Head Office located in Cyprus, FX Time boasts a strong presence across the global with regional offices in China, India, Indonesia, Malaysia, Nigeria, South Korea and Thailand.
The cryptocurrency offering at FX Time Markets is modest. Their asset range includes Bitcoin, Ethereum and Litcoin. The maximum leverage and maximum lot size is somewhat low, however this shouldn’t be too problematic for well capitalised accounts or those at looking to take advantage of quick intra-day trades.
*IMPORTANT: FX Time only offer cryptocurrencies on their Standard Account type.
|BTCUSD, ETHUSD, LTCUSD||Specifications|
|Stop Level||0 (No minimum Order Distance)|
|Minimum Lot Size||0.10 Lot (MT4 Volume 1.0 )|
|Maximum Lot Size||Lot (MT4 Volume 5.00)|
|Minimum Step||0.10 Lot (MT4 Volume 0.10)|
|Max Leverage||BTCUSD 1:3, ETHUSD 1:2, LTCUSD 1:2|
|Stop Out Limit||40%|
FX Time Regulations
Licensing is an important factor when considering a broker. Ideally brokers will hold various licences that enable them to operate across a wide range of regions and upholding the compliance requirements of those regions.
FX Time holds multiple licences the with reputable regulatory bodies. Their regulation includes CySec (CIF license number 185/12, the Financial Services Board (FSB) of South Africa (FSP No. 46614), the FCA (FCA number 600475), and the Belize IFSC (IFSC/60/345/TS and IFSC/60/345/APM). This represents quite a strong position for FX Time from a regulation perspective, enabling them to operate in many regions across the globe and provides traders with confidence in their strong compliance in place.
FX Time Reliability
The reliability of a broker is an important consideration when looking to invest and trade. Factors influencing a brokers reliability include it’s history of performance, adherence to regulatory requirements, brand reputation as well as historical client experiences.
For traders looking to invest capital with FX Time, they can be reassured that they are trading with a highly regulated broker who, despite their short company history, has demonstrated a strong client focus and in returned gained a solid industry reputation as a reliable and respected broker. One of the key strengths associated with FX Time as a broker is their licensing across multiple regions.
Combined with generally positive feedback from online users, FX Time have received a significant number of awards over the years. Of notable mention are:
- 2013 World Finance – Best Forex Newcomer
- 2014 Global Banking & Finance Awards – Fastest Growing ECN Broker Asia
- 2014 FX Empire – Most Educational Broker
- 2015 Forex Report Awards – Best Broker Eastern Asia
- 2015 MENA 14 – Most Trusted Forex Broker Dubai
- 2015 Forex Traders Awards – Fastest Order Execution
- 2016 European CEO Awards – Best FX Broker
- 2017 Global Investor MENA Awards – Forex Broker of the Year
- 2017 World Finance – Best Customer Service Global
FX Time Trading Platforms
FX Time’s platform offering is MetaTrader focused, providing traders with access to both MetaTrader 4 and MetaTrader 5 systems.
Although limited to the MetaTrader environment only, FX Time do provide access for a wide range of trading devices. These include
- MT4 for PC
- MT4 for iOS
- MT4 for Android
- MT4 for Mac
- MT4 WebTrader
- MT4 for PC
- MT5 for iOS
- MT5 for Anroid
- MT5 for Mac
- MT5 WebTrader
Mobile Trading Platforms
As listed above, FX Time support trading through mobile apps. Offering both MT4 and MT5 for iOS and Android is beneficial for traders who are trading on the go and don’t have access to a desktop computer.
Automated trading caters well for beginner traders looking to get an entry into the market as well as traders who are time poor, not having the hours needed to spend behind a screen. FX Time take an original approach to automated trading and offer traders an entirely bespoke trade signal system.
Accessible to via FX Time’s client portal, MyFXTM, traders can select between 14 assets to trade from, with client side trade signal options such as customised take profit levels, alternative trade scenarios and an adaptive stop loss to minimise risk and help maintain client capital.
The additional option is provided to experised and knowledgeable traders to register as a trade signal provider. FX Time do have requirements on who can operate as a signal provider, so the trade signals are kept at a quality level.
FX Time Account Types
Potentially one of the widest range of account types to choose from, FX Time offer 7 different accounts for clients to trade. Ranging from cent trading accounts to share trading accounts and everything in between. Most importantly, crypto currencies are only available through the FX Time Standard Account.
The account types offered at FX Time include:
- Standard Account – with floating spreads and FX leverage up to 1000:1. Crypto currencies are available on this account type
- Cent Account – with floating spreads and FX leverage up to 1000:1. The Cent Account allows for 0.001 lot (cent) trades (ideal for beginners)
- Shares Account – with 180+ US shares and margin from 3%
- ECN Zero Account – a spread only account with no commissions and FX leverage up to 1000:1
- ECN Account – A MT4 commission based account account with spreads as low as 0.1 pips and FX leverage up to 1000:1
- FXTM ECN MT5 Account – an MT5 commission based account with floating spreads, Market Depth and up to 1000:1 leverage on FX assets
- FXTM Pro account – with ultra tight spreads from 0 pips, no commissions and FX leverage up to 200:1
FX Time PAMM Accounts
FX Time’s answer to the traditional MAM / PAMM accounts is their Investor Account. This account allows experienced and knowledgeable trades the opportunity to operate as a FXTM Invest Strategy Manager and earn additional revenue based on the performance of investor accounts that receive trade signals.
FXTM Invest Strategy Managers can receive up to 50% of the investor profits. Depending on the size of the client account linked to receive trade signals from the Strategy Manager, this PAMM structure can be quite lucrative for profitable Strategy Managers. FX Time also publish the performance of their Strategy Managers – keeping a transparent environment for clients to select the right strategy to invest in.
FX Time Commissions And Spreads
Traders at FX Time have access to moderately competitive, floating spreads across a wide range of currency pairs, commodities, shares, indices and cryptocurrencies.
The below table provides a list of the minimum spreads across some of the more popular currencies:
|Currency Pair||Minimum Spreads||Pip value /0.01 lot|
A full list of FX Times spreads and assets specifications can be found here: https://www.forextime.com/forex-trading/contract-specifications
FX Time Deposits and Withdrawals
Traders are completely spoilt for choice when it comes to deposit and withdrawal methods at FX Time. Another area where FX Time separates it self from other brokers is the ease and means of depositing and withdrawing into a trading account. There are over 30+ methods for funding a trading account and this also includes Bitcoin as a deposit method. Similarly for withdrawals, there are over 30+ methods for withdrawning funds from FX Time accounts, including Bitcoin.
There are also a wide selection of local bank / regional funding options which makes funding and withdrawals cost effective for traders anywhere in the world.
FX Time Bonuses And Promotions
Another area where FX Time does not fall short is with bonuses and promotions. The selection of offers available to traders instills a strong sense of customer focus.
Bonuses and promotions available at FX Time include:
- Switch to FXTM promotion
- The FXTM Loyalty Cashback promotion
- Live Forex Trading competitions
- Forumla sponsorship give-aways
- Demo Trading competitions
FX Time also offers a bonus program for traders who refer friends. Accessible via the MyFXTM portal, the Refer a Friend Program provides existing clients with a referral link they can use to get friends and family to join, with the possibility of earning up to $10,000.
FX Time Customer Support
Customer support at FX Time is available 24 hours a day, 5 days a week. One of the key features of the support offered is the wide range of language support offered. Given the number and locations of regional offices at FX Time, most common languages from around the world are supported. Trading and technical support is also offered at FX Time where clients can gain assistance in bettering their trading strategy as well as resolving technical issues they encounter with the trading platforms. Based on our research, we found the support provided by the FX Time team to be prompt and accurate. We also found similar feedback from a review of online trader commentary.
FX Time Q&A
Is FX Time regulated?
Yes. FX Time is well regulated with licences in multiple jurisdictions: CySec, the Financial Services Board (FSB) of South Africa, the FCA in UK, and the IFSC in Belize.
How safe is FX Time?
While only being in business since 2011, the rapid expansion, reputation and regulation of FX Time gives confidences to traders. Holding licenses in multiple jurisdictions is a benefit for traders as in many circumstances it gives them access to local authorities should complaints need to be escalated and managed through a third party.
Where is FX Time based?
FX Time’s Head Office is located in Cyprus and has regional offices in China, India, Indonesia, Malaysia, Nigeria, South Korea and Thailand.
How does FX Time make money?
As an ECN broker, FX Time makes a revenue through a portion of the commission and spread charged on client accounts.
How to deposit in FX Time account?
Accessing the MyFXTM portal, clients will have access to over 30+ funding options including Bitcoin. There are also a wide range of regional funding methods available that support clients from across the world.
How to withdraw money from FX Time?
Withdrawals can be processed by accessing the MyFXTM portal. Similar to deposits, clients will also have access to over 30+ withdrawal methods – which facilitate the ease and cost of withdrawing.
How to open an account with FX Time?
To open a trading account simply fill out the account opening registration and click submit. You can follow the instructions on FX Time’s website.
Is FX Time reliable?
Yes, from our review we found FX Time to be reputable and reliable broker. There is a clear emphasis on benefiting and supporting clients and a strong focus on regulations through the acquisition of multiple financial licences from around the world.
Does FX Time use MetaTrader?
Yes, FX Time offers MetaTrader 4 and MetaTrader 5 across desktop, Mac, iOS, Android and web-based devices.
What is FX Time’s leverage?
FX Time’s maximum leverage is 1000:1. Leverage on cryptocurrencies varies between 3:1 and 2:1.
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