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ForexTime.com Cyprus Based Forex Trading Broker Review

Below is a Forex review of online currency broker ForexTime.com. ForexTime.com broker is based in Cyprus. Below is a list of the most common review questions that traders ask about this online forex broker.

Owned by ForexTime Ltd.

NB: On Friday before the weekend, the Stop Out level is changed from 60% to 100%.


Forex Broker reviews - Forex Reviews of ForexTime.com

 

 

Where is ForexTime.com currency broker based

ForexTime is based in Cyprus, its address is:

 

Kanika International Business Centre,
4 Profiti Ilias, 4046, Germasogia,

Limassol,

Cyprus.

 

 

Is ForexTime.com a licensed and regulated Forex broker

Review details of the license, registration and regulation of this FX broker can be found on the brokers’ website.

 

Regulated by the Cyprus Securities and Exchange Commission, CySEC, License Number 185/12,

 

What is the execution method of ForexTime.com

STP, Straight Through Processing, Non-Dealing Desk execution of orders

 

 

What are the spreads

The Forex broker spreads are:

 

Spreads

Currency

Spread

EURUSD

2.2 pips

GBPUSD

3.4 pips

USDJPY

2.5 pips

USDCHF

3.8 pips

Spreads may vary depending on account type and market volatility; ECN accounts include paying of commissions on top of spreads, 7% to 2% profit sharing for Islamic Trading Accounts.

 

Financial Instruments Provided For Trading

Currencies

Metals

ETFs CFDs

Shares CFDs

Commodities Futures

CFDs

 

What are the Forex account types of this online currency broker

  • Standard Account
  • ECN Account

 

 

Does this broker have Islamic Forex Trading Accounts

This broker provides swap free Islamic Trading Accounts, based on 7% to 2% profit sharing.

 

What are the terms for demo trading accounts

Unlimited time demo account is provided for practice trading, for both its account types, i.e Standard Demo Account and ECN Demo Account

 

How is the withdraw and deposit process of ForexTime.com

Bank wire, MoneyBookers, Neteller, Debit card and Credit Card money transfer methods are provided for deposit and withdraw of funds.

 

Bank wire deposit charges – no fees, withdraw fees $30

MoneyBookers deposit charges - 2%, withdraw fees 1%

Neteller deposit charges - 3.9%, withdraw fees 2%

Debit card and Credit Card deposit charges - 2.5%, withdraw fees $8

 

 

 

What is the minimum account opening capital for Accounts

  • Standard Account - $10
  • ECN Account - $200

 

 

Does ForexTime.com give an account opening deposit bonus

This broker does not provide an account opening deposit bonus

 

What is the security and reliability of ForexTime.com

What is the Forex broker ratings for security and reliability

 

Regulated by the Cyprus Securities and Exchange Commission

ForexTime implements Investor Compensation Fund up to Euros 20,000 per trader

 

Does ForexTime.com accept scalping

This broker allows scalping on their ECN accounts

 

Does ForexTime.com give free education to currency traders

This broker provides learn currency trading education for learn trading online.

 

This broker provides a learn forex education section where traders can learn what is trading and trading basics tutorials, trading sessions, leverage and other beginner learn trading topics.

 

What are the Forex trading platforms of this online currency trading broker

Metatrader4

Metatrader5

ZuluTrade

Metatrader4 MAM

Android Trader

iPhone Trader

SmartPhone Trader

 

 

Is ForexTime.com a MetaTrader 4 Forex broker

ForexTime.com provides MetaTrader 4 software which is the best Forex trading platform according to reviews.

 

This trading platform MetaTrader 4 can be downloaded from the broker’s website.

 

Does ForexTime.com allow automated forex trading

The broker automated trading policy on automated currency trading is:

 

This broker allows Expert Advisors automated forex trading execution on their MetaTrader 4 and Metatrader5 platform, on their ECN accounts.

This broker also provides ZuluTrade platform that is specifically used for automated trading execution.

 

What are ForexTime.com broker website sections

The website sections of this trade broker are:

 

Forex Trading Accounts Section: where traders will find information about accounts such as demo practice account and live accounts provided by this broker. Traders wanting to start trading can open an account from this section.

 

Contact Section: there is a section of contacts for this fx trading broker, where an fx trader can contact this broker.

 

Forex Trading Platforms Section: this section provides platforms where a trader can choose one for trading online.

 

Currency trading tools section for economic calendar and news updates and market outlook analysis.

 

FAQ section: for answers to the most frequently asked questions about this broker.

 

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