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FXTM Review

FXTM – also known as Forex Time – is an international online forex broker. The company was formed by the entrepreneur Andrey Dashin.

They offer a special forex portfolio program known as PAMM, which sets up a portfolio of forex strategies for you from the world’s top traders, based on your risk profile and financial requirements.  



There are also lots of fun additions on the site, such as their “Game of Pips” online trading competition with a prize pool of $100,000 – including a first prize of $50,000.


Trading Platforms

They offer the Metatrader 4 (MT4) and 5 (MT5) platforms for trading and cover a wide variety of markets.


Special Offers and Promotions

There is a special 200% cashback rebate for new accounts. You just have to log in to your account and select the relevant promotion, deposit and for the next 30 days you will receive $2 for every lot that you trade – click below for more details:


In addition, there is also a special “switch offer,” such that if you switch to Forex Time from another broker, you will get $4 back for every lot you trade for a certain period – see more below for this offer:


Both of these offers are available until 30.04.2016. 


Currency Pairs

FXTM offer a wide range of currency pairs to trade, offering over 50 in total. 

These include the major currency pairs such as Euro/US Dollar (EUR/USD), British Pound/US Dollar (GBP/USD), US Dollar/Japanese Yen (USD/JPY) and Australian Dollar/US Dollar (AUD/USD), as well as the more exotic pairs such as  Swiss Franc/Singapore Dollar (CHF/SGD). 

Spot Metals

As an alternative to trading currency pairs, a very popular form of trading is on spot metals. As the media is often keen to point out, in times of market turbulence investors tend to flock to the safe havens of precious metals such as gold and silver. This means there tends to be good opportunities for trading and large amounts of liquidity. These spot metals are not affected by inflation and gold is seen as the chief of all precious metals as it is a highly valued item with the back up of the ultimate “safe haven” status.

You can trade both gold and silver at Forex Time, with leverage up to 1:500 and spreads from as low as 0.1 and 0.2 on ECN MT4 and ECN MT5 accounts respectively. 


CFDs – or Contracts for Difference – are contracts stating that a buyer will pay the seller the difference between the price of a commodity at the time the agreement was made and its current valuation. These instruments have become extremely popular amongst traders in recent years.

Forex Time offer CFDs on a range of commodities including oil, gold, corn, silver, wheat and soybeans. 

They also CFDs on ETF (Exchange Traded Funds) and Indices such as the FTSE 100 and individual shares.


FXTM also have a very handy blog which includes news and articles on all things forex and market-related. Well worth a read if you want to keep up to date with market developments and exchange views with fellow traders. 


Trading Hours

The forex markets never sleep and neither do Forex Time – or should we call them “Forex All the Time!” That means you can access their trading services 24 hours a day, 5 days a week.


They won the prize for “most promising forex broker” at the cnforex.com awards in January 2015.


Overall Verdict

Forex Time is a great new broker to the market and one we would highly recommend. They have some very innovative features and we particularly like their competitions with prize pools of $100,000. 

The site is very well designed and user-friendly, which we feel steals a bit of a march on some of their rivals. In this fast-moving marketplace it is important to be ahead of the game and it seems FXTM are right there.

We particularly like their 200% cashback offer which offers great value to new customers – or $4 per lot if you switch from another broker. 

Their prize of most promising new broker seems well deserved and we wouldn’t be surprised to see Forex Time go from strength to strength and start challenging the dominance of the big players. 

Good luck to them! 



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