Forex Time was granted full CySEC regulation last year. Alpari was founded by Andrey Dashin, who is also a stakeholder. He has a lot of expertise running large forex businesses in several regulatory countries.
Forex Time is regulated by MiFID and is a CySEC-licensed broker. CySEC implements a lot of the EU’s MiFID directives’ regulations and minimum restrictions. This implies that FXTM clients should feel secure in the knowledge that they are operating inside a fundamental regulatory framework. FX Time offers high-quality CFD and forex trading services, and traders looking for a MiFID-regulated brokerage should take them seriously.
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ForexTime offers forex, precious metals, commodity futures CFDs, stock CFDs, and ETF CFDs trading and investment services.
The firm was founded by Mr. Andrey Dashin. He is also the founder of the Alpari brand. Dashin’s name as a company entrepreneur in the global financial segment has been cemented by the new enterprise, which has over 15 years of international finance experience. It stems from his desire to play a key role in establishing high standards in forex trading in the ever-changing worldwide market environment.
According to the founder, he has always aspired to be a game changer in the currency market, and ForexTime has aided him in this endeavor. FXTM is set to revolutionize the forex market, as he and his team have the drive and experience required to take the industry to the next level. The recent global scarcity has opened up fresh chances in the foreign exchange market. FXTM is being forced to adapt to a developing market by the increased expectations and needs of pleasing traders and investors.
ForexTime Ltd has a Cyprus Investment Firm license, also known as CIF license by Cyprus Securities and Exchange Commission (CySEC). Its license number is 185/12.
Basic Information of FXTM:
Regulation: Regulated by CySEC in Cyprus
Features: Support several types and platforms of trading with various indicators.
Minimum Deposit: Minimum as low as $1.
Instruments: Spot Metals, Forex, CFDs on Stocks, ETFs, and Commodities.
Leverage: Up to 1:1000 on specific accounts
ForexTime supports a variety of trading platforms, including the MetaTrader 4 platform. MetaTrader 5 is another option. Both of these platforms have a large following of traders all around the world. There are a variety of tablet and mobile platforms that provide MetaTrader 4 and MetaTrader 5 versions for traders who use Apple or Android smartphones.
Because Apple and Android control the vast bulk of the smartphone market, most traders should be able to trade on the go. FXTM’s sole drawback is that it does not have a Web-based platform. This means traders won’t be able to trade on their computers until MetaTrader is installed.
Spreads on FXTM
ForexTime offers a variety of spreads. Due to technical issues with their open account form, you may not be able to establish a demo or actual account at times. Despite the fact that FXTM offers both normal and ECN accounts, there will be a lot of attractive floating and fixed spreads available.
Customer Service at FXTM
It’s difficult to remark on the company’s customer service because I’m new to the sector. It was founded by a well-known individual in the trade business and is quite straightforward when it comes to contacting them. Live chat is available Monday through Friday between the hours of 8 a.m. and 8 p.m. It is planned that as their customer base expands, so will their chat support and duration. There are other phone numbers for contacting the company’s various departments mentioned as well. FXTM appears to provide exceptional customer service due to the entrepreneur’s considerable experience supplying over-the-counter currency solutions.
PAMM FXTM as a trademark
PAMM is an abbreviation of Portfolio Asset Management Mechanism. The company has developed a large portfolio management system. It allows experienced traders to create trading strategies for the FXTM’s Portfolio Management Department’s PMD and get rewards for successful ideas.
With their PAMM program, FXTM works by using industry experience and delivering established technology capabilities. It treats forex trading as a distinct asset class inside the client’s total portfolio. The PMD extends an invitation to skilled traders with unique trading strategies in the market to join the Forex Time PAMM program (FXTM).
Talented traders may now demonstrate their forex trading abilities by becoming FXTM Strategy Providers. The Forex Time PMD examines the traders’ trading history to see if they meet the criteria. Once the PMD and the traders have agreed, the PMD can use the traders’ strategies on the PAMM platform. The PMD identifies these approaches that are appropriate for the portfolio and ranks them according to the portfolio’s distinct risk categories.
Reasons for using the Strategy Program of the PAMM
In the currency market, this is a major improvement. You will get the opportunity to exhibit your talent and become a part of forex history as the first player in the league.
If your strategy is solid, you can be assured that the PMD will fund your trading technique with more funds. The PMD wants to be able to focus on developing their present customer base by managing their money.
You will be awarded as a consequence of your achievements. Successful strategies are rewarded. The FXTM PMD is more likely to adopt your techniques to give bigger strategy fees if you perform better, as seen by higher ratings and metrics.
Reduced registration costs for anyone interested in participating in the program, starting at $/€100.
A high level of security is also required for the operation. Traders can submit a variety of strategies with the assurance that, as a regulated forex broker, their strategies will remain entirely confidential.
How to Make a Name for Yourself as a Forex Strategist?
To begin your trading career, open an MT4 ECN account and deposit at least $/€100.
Your performance will be monitored if you are already a client.
After trading actively for around a month, you can apply to the FXTM PMD for authorisation as an FXTM Strategy Provider.