Opinions and information about the FXTime broker
¿It is the really reliable FXTime broker (aka fxtime.io)? Is it safe for you to invest your money with this company? In this section we will analyze the company and its reputation as such on the internet.
Do you want to give us a hand and help inform about this company? We invite anyone who has experience with this company, to leave a comment with their experience and to rate the company according to their experience with it.
The FXTime broker is a broker of: Forex, Cryptocurrencies and CFDs.
The broker mentions to be part of: FXTime Ltd and Exinity Ltd.
FXTime is based in: Cyprus (headquarters), South Africa, Mauritius and England (the latter probably fake).
If we talk about regulation" clone ”, that is, they are using data that is not their own but that of genuine and authorized companies, this act is usually common in dangerous brokers).
We will continue to analyze the different account types that FXTime offers. In the case of FXTime, we note that it has 3 different plans or types of account: the Basic Account, the Standard Account and the Premium Account.
Basic account- Minimum initial deposit of $ 250, spread from 1.0 pips, leverage up to 1: 200, minimum trade size 0.01 lots, 24/5 support.
Standard Account- Minimum initial deposit of $ 2.500, spread from 0.0 pips, leverage up to 1: 300, minimum trade size 0.01 lots, 24/5 support.
Premium account- Minimum initial deposit of $ 25.000, spread from 0.0 pips, leverage up to 1: 500, minimum trade size 0.01 lots, 24/5 support.
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The platforms used to trade are: the FXTime platform.
Now, yes, we will go on to analyze the different resources and help that the company provides to traders on its website: some explanations of the products that FXTime offers, an explanation of basic concepts of the investment world, some live charts, economic calendar , financial event news, pip calculator, really not much else.
Additional information about the company
Phone number: +41445514229
E-mail: [email protected]
Clarification: The investment company FXTime works in different countries, so the information provided may not apply to your country, this review is directed to Latin America and / or Spain.
* Bonuses or promotions: None by the moment
With the information we have so far, the comments and reviews of users and traders, our opinion is that it looks like a company we should be careful with.
Why? It is a broker regulated by organizations that have bad reputations, it is based in very unsafe countries, when looking for information and other evaluations about FXTime we found a large number of negative reviews.
January 2021 update: CNMV, Spanish financial regulator, has reported to FXTime due to fraudulent activities.
May 2021 update: FMA, Austrian financial regulator, has Reported to FXTime for fraudulent activities.
❗ July 2021 update: BaFin, Germany's financial regulator, has reported to FXTime due to fraudulent activities.
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