Is ForexTime com real?
FXTM or ForexTime was founded in 2011 and is a global CFD and FX broker. It is regulated by several financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). FXTM is considered safe because it is regulated by the top-tier FCA.
Is XM good for trading?
We consider XM a safe broker to trade Forex and CFDs. It is regulated and licensed by severl top-tier financial authorities including FCA, ASIC, CySEC. Therefore, it is secure and low-risk to trade.
Is FXTM a trusted broker?
Is FXTM a Legit broker? FXTM is regulated with 3 Top-tier regulators i.e. FCA, CySEC & FSCA. They are also licensed by multiple other foreign regulators. So, they are considered a legit CFD broker because of their licenses with multiple regulations.
Is ForexTime regulated in South Africa?
FXTM is a FSCA regulated Forex broker that operates in South Africa. They were founded in 2011 & claim to have more than 1 million registered users now. They are highly regulated globally by top-tier Financial regulators in UK, Cyprus.
Which is the best forex broker in Nigeria?
9 Best Forex Brokers in Nigeria 2022
- AvaTrade – Best Forex Broker in Nigeria.
- HotForex – Highest Leverage for Market Execution.
- XM – Broker with the Lowest Spreads in Nigeria.
- Exness – Best Trading Account Conditions for Beginners.
- Pepperstone – Best ECN Trading Execution.
- Axi – Best ECN broker on MT4.
Is XM good for beginners?
Based on our scoring methodology, XM is not considered good for beginners.
Which bank does XM use?
XM.com at a Glance
| 🔎 Broker’s Name | XM.com |
|---|---|
| ⬆️ Maximum Leverage | 1:888 |
| 💰 Minimum Deposit | $5 /R80 ZAR |
| 💳 Deposit Options | Bank Wire Transfer Local Bank Transfer Credit/Debit Cards Neteller Skrill, and more. |
| 💳 Withdrawal Options | Bank Wire Transfer Local Bank Transfer Credit/Debit Cards Neteller Skrill, and more. |
How fast is FXTM withdrawal?
How long does it take to process my withdrawal? All withdrawal requests are processed by our Back Office Department within 24 hours, however the time required for the funds to be transferred to your account will depend on the payment method used. – Bank Wires: Between 3- 5 business days.
What is the minimum deposit for XM?
$5
The minimum deposit at XM is $5.
| XM | FxPro | |
|---|---|---|
| Minimum deposit | $5 | $100 |
Is XM available in Nigeria?
Yes, we do recommend XM forex broker to Nigeria based traders. To sum up, XM is one of the best brokers in the business. XM’s range of accounts with very low minimum deposit requirements, quick order execution, low fees with Ultra-Low Account, as well as its fast withdrawals is its biggest plus points.