Forex Time (FXTM) was founded in 2011 by a veteran in the forex industry Andrey Dashin, who is also a major shareholder in online forex broker Alpari. Since its launch, FXTM has offered a range of trading applications developed by MetaQuotes Software Corporation, which include MetaTrader 4 (MT4) and MetaTrader 5 (MT5) you can visit http://www.vixbrokers.com/minimumdeposit/fxtm.html.
Today, FXTM remains a dedicated MetaTrader broker offering seven account types and offering access to trading on 59 currency pairs, 173 stock CFDs, 11 indices, 6 metals, 3 energies, and 3 cryptocurrencies. FXTM also offers social copy trading services through FXTM Invest. It offers a minimum deposit of $10, so you can expect new traders with low-budget love to try their first trades with FXTM.
The FXTM brand has obtained licenses from regulators in several countries, including in the EU through the CySEC regulated brand in Cyprus under the company ForexTime Limited. FXTM is also licensed by the Financial Sector Conduct Authority (FSCA) of South Africa. In addition, FXTM is regulated by the Financial Services Commission of the Republic of Mauritius under the company Exinity Limited. In 2018, FXTM obtained a license in the UK from the Financial Conduct Authority (FCA), under the company ForexTime UK Limited.
Many traders who are looking for a broker will be confronted by the many reviews on the web, not all of which are genuine. Many websites focus on doing broker reviews and there is a lot of talk about brokers on various forums, channels, and social media groups. While some of the information comes from real experience or from people who have used the broker’s services, some have a hidden agenda which is to promote the broker. Promoting a forex broker is a legal and normal practice, as long as it is done transparently.
Currently, there are very few websites that do trust broker reviews. One of the most trusted is the forex peace army because it can filter out fake reviews. However, use your intuition when reading FXTM reviews. Fortunately, FXTM’s overall rating on one of the largest broker review portals is good.