In this section we will analyze the broker FXTime (also called fxtime.io), is a Forex, Cryptocurrency and CFD broker. Is FXTime really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
➡️ In this section you can find: opinions about FXTime ✅, claims eexperiences , ananalysis 📊 of the most important characteristics of this company (updated 2021), and most importantly: Is it fxtime ⚠️ a safe broker? ⛔ Can we trust this company? ✅ Will we be able to withdraw our money? All this and more in this review on this investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: FXTime Ltd AND Exinity Ltd.
As to its location, the broker mentions being based in: Cyprus (headquarters), South Africa, Mauritius and England (the latter probably false because it does not have the proper regulation).
If we analyze the regulation of the broker: FXTime is regulated in Cyprus by CySEC, in Mauritius by FSC, and finally they mention being regulated in England by FCA (attention with the latter, since looking at the website of FCA, the UK regulator, we find that in reality it is a “clone” company, that is, they are using data that is not their own but from genuine and authorized companies, this act is usually common in dangerous brokers).
If now we go on to analyze account types offered by FXTime, we noticed that it offers 3 different types of account / plans: the Basic Account, the Standard Account and the Premium Account. We leave an image with a little information about each type of 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. $ 25 per $ 100.000 commission.
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. $ 50 per $ 100.000 commission.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that FXTime offers are: the FXTime platform.
We will now analyze the different resources and aids for traders that FXTime provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
FXTime provides the following aids or resources to traders or stakeholders: some live charts, economic calendar, news and events, really not much more than this.
| Other information about FXTime |
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: + 41445514229
Email address: [email protected]
You might be wondering why we did a review on FXTime. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
>>> Assessment on FXTime <<
Ending with this section, in our opinion Do we believe that the FXTime company is trustworthy? Should you invest your money with the company?
The truth is that, we recommend to exercise caution, because: it is a broker regulated by organisms that we consider unreliable, it is based in unsafe countries such as Cyprus and Mauritius, when looking for reviews about FXTime we did not find any other review, we believe that it is a broker new, no track record. We suggest using caution.
⛔ Attention ⛔ : in January 2021 CNMV (Spain) added FXTime to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to the CNMV January 2021 warning
⛔ Attention ⛔ : in May 2021 FMA (Austria) added FXTime to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
⛔ Attention ⛔ : in July 2021 BaFin added to FXTime to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.