FXTM

Overview of FXTM

FXTM, also known as ForexTime, is a virtual currency exchange company that was founded in 2011. The company is registered in Cyprus and Belize and is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission of Belize (IFSC). FXTM offers a range of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).

With a maximum leverage of 1:1000, FXTM provides its users with the ability to trade virtual currencies with greater flexibility. The company offers two trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), providing users with a seamless trading experience.

In terms of deposit and withdrawal methods, FXTM offers various options including bank wire transfer, credit/debit card, and e-wallets such as Neteller and Skrill. This allows users to easily deposit and withdraw funds from their accounts.

Pros and cons

Security

FXTM (ForexTime) places a strong emphasis on the security of its clients' funds and personal information. As a regulated and reputable broker, FXTM employs several security measures to ensure a safe trading environment for its clients.

1. Regulation: FXTM is regulated by reputable financial authorities, including the Financial Conduct Authority (FCA) in the United Kingdom and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. These regulatory bodies impose strict guidelines and rules on financial firms to safeguard clients' interests and funds.

2. Segregated Accounts: FXTM maintains client funds in separate bank accounts from its operational funds. This practice, known as segregation of funds, ensures that clients' money remains protected and cannot be used for company expenses or activities.

3. SSL Encryption: FXTM employs industry-standard SSL encryption technology to secure communication between clients and the platform. This encryption ensures that all data transmitted between the trader's device and FXTM's servers remains confidential and protected from potential cyber threats.

4. Two-Factor Authentication (2FA): FXTM offers two-factor authentication as an additional layer of security for client accounts. By enabling 2FA, traders are required to provide a unique verification code sent to their registered mobile device, enhancing the security of account login and transactions.

5. Secure Payment Methods: FXTM supports a variety of secure payment methods for deposits and withdrawals. These methods include reputable credit/debit card processors, bank transfers, and e-wallets known for their safety and reliability.

Services

FXTM also offers a variety of other services to help traders succeed, including:

FXTM Affiliate Program: FXTM offers a generous affiliate program that allows you to earn up to $600 per qualified trader that you refer to the platform. The program is easy to join and there are no upfront costs.

Analysis: FXTM provides daily market analysis and commentary from experienced analysts to help traders make informed trading decisions.

Copy trading: FXTM offers a copy trading service that allows traders to copy the trades of experienced traders.

FXTM APP

The FXTM app is a mobile trading app that allows you to trade from anywhere in the world. With the FXTM app, you can:

Open and close positions

Monitor your account balance and profit/loss

Place orders

Access market news and analysis

Set up price alerts

Use technical analysis tools

Deposit and withdraw funds

To download the FXTM app, simply visit the FXTM website from your mobile device and click on the “Download App” button. The app is available for iOS and Android devices.

How to Buy Cryptos？

How to Buy Cryptos on the FXTM Website

Open an FXTM account: Visit the FXTM website and click on the “Open Account” button. Fill out the registration form and provide all required information. Verify your account by following the instructions provided.

Deposit funds: Once your account is verified, log in and click on the “Deposit” button. Choose your preferred payment method and enter the desired deposit amount. Follow the instructions provided to complete the deposit process.

Open the trading platform: Access the FXTM trading platform and navigate to the “Crypto” section.

Select the crypto you want to trade: Choose the cryptocurrency you want to buy from the available options.

Decide on your position size and direction: Determine whether you want to go long (buy) or short (sell) the cryptocurrency. Specify the amount of cryptocurrency you want to trade.

Place your trade: Click on the “Buy” or “Sell” button to execute your order. Monitor your trade and make adjustments as needed.

How to Buy Cryptos on the FXTM Mobile App

Download the FXTM app: Visit the FXTM website from your mobile device and click on the “Download App” button. Install the app on your device and sign in using your FXTM account credentials.

Deposit funds: Open the FXTM app and tap on the “Deposit” button. Choose your preferred payment method and enter the desired deposit amount. Follow the instructions provided to complete the deposit process.

Access the trading platform: Navigate to the “Crypto” section within the FXTM app.

Select the crypto you want to trade: Choose the cryptocurrency you want to buy from the available options.

Decide on your position size and direction: Determine whether you want to go long (buy) or short (sell) the cryptocurrency. Specify the amount of cryptocurrency you want to trade.

Place your trade: Tap on the “Buy” or “Sell” button to execute your order. Monitor your trade and make adjustments as needed.

Fees

Deposit & Withdrawal

FXTM offers a diverse range of payment methods to cater to the needs of traders worldwide. These methods include:

Bank Cards: Bank cards, including Visa and Mastercard, are among the most widely accepted payment methods for FXTM deposits and withdrawals. Deposits made via bank cards are typically processed instantly, while withdrawals may take up to 3 business days to reflect in your account.

E-Wallets: FXTM supports popular e-wallets like Skrill and Neteller, providing a convenient and secure option for both deposits and withdrawals. E-wallet deposits are generally processed instantly, while withdrawals may take up to 1-3 business days to complete.

Local Payment Solutions: Recognizing the importance of localized payment options, FXTM offers a variety of local payment solutions tailored to specific regions. These methods may include bank transfers, mobile payments, and other regionally preferred options.

Bank Wire Transfers: For larger transactions or those requiring greater security, bank wire transfers are a reliable option. However, bank wire transfers may take longer to process, typically ranging from 1 to 5 business days.

The payment processing time for FXTM deposits and withdrawals varies depending on the selected payment method. Bank card deposits are typically processed instantly, allowing traders to access their funds immediately. E-wallet deposits are also processed promptly, generally within a few minutes. Withdrawals, however, may take longer to process, with bank wire transfers typically taking 1 to 5 business days.