FXTM

Now regarding how scammers scam users out of money:

• pinitial contact. Company managers actively call potential clients, offering their services, or clients themselves find the broker’s website and show interest;
• registration and deposit. Once registered, clients top up their deposit to begin trading;
• at the beginning of cooperation, the company can allow clients to withdraw money, creating the impression of reliability and transparency;
• After initial successful transactions, the client’s deposit begins to decrease. In some cases, company managers may interfere with trading, contributing to the loss of funds;
• subsequent attempts by clients to withdraw funds are unsuccessful. Technical support may stop responding to requests or reject requests for withdrawal of funds;
• In some cases, client accounts may be blocked, making it impossible to access funds or continue trading.

This scam is mainly aimed at those new to trading who may not have enough experience to recognize fraudulent activities. FHTM is a classic scammer that can only exist in the trading segment.

Remember that it is possible to get your money back from the Forex kitchen or other online scammers. There are just a few who are interested in chargeback and complete the process. Just for consultationwrite to us. A forced transaction is truly a unique chance to get your money back.

Forextime.com service review

Before us is a company that is a leading global broker offering a wide range of online trading services and tools. The company offers access to hundreds of instruments across the FX, Indices, Commodities and Equities markets, providing traders with opportunities to maximize the potential of their trading. FXTM places a strong emphasis on providing quality customer support, utilizing cutting-edge technology, and offering a variety of trading account types to suit the needs of traders of varying experience levels. Additionally, we checked the launch date of the site. It turned out that the last rebranding was carried out in 2019. The site itself was launched in 2003. At the same time, the service’s activities started in 2011. Apparently, the management simply bought the domain to create the image of a reliable partner.

Since its launch, FXTM has attracted more than 4 million clients from 150 countries. The company is regulated in multiple jurisdictions and offers retail clients full segregation of funds, ensuring the security of their finances regardless of their country of residence.

FXTM has received more than 25 industry awards, demonstrating its commitment to helping clients trade successfully in the financial markets. The company offers various account types for traders, low trading costs, ultra-fast trade execution, and the popular MT4 and MT5 trading platforms.

The problem is that the service has not received the appropriate documents to legally provide services in the trading segment in the Russian Federation. That is, the Central Bank did not issue a license to the broker, which means the office violates the prescribed norms and rules. Despite the fact that the portal contains references to the regulation of the service’s activities.

Technical support with Forextime

The office offers the following methods of contacting a broker:

• telephone communications;
• Email. An email address is provided for inquiries and [email protected];
• physical office address.

These contact details provide a variety of ways to contact the company, including a direct telephone line and email for customer support. If you believe the comments, managers rarely make contact.

Terms of cooperation

The Forextime website offers various types of trading accounts, each with unique settings and conditions to suit clients’ trading and investment objectives. Now from what the office announces on the portal:

• Accounts in NGN. Available to Nigerian customers only;
• ECN MT4/MT5 accounts. They offer the opportunity to trade using leverage. Stop Out and Margin Call levels may be changed by the company during certain periods;
• swap-free accounts. Exotic pairings are not available for these accounts;
• FXTM Pro Accounts. They offer institutional level spreads subject to a minimum account balance of 25,000 EUR/GBP/USD. Stock trading is only available from the FXTM Pro MT5 account and the minimum required deposit is EUR/GBP/USD 250,000;
• Cent. The size of 1 lot is equal to 0.01 standard lot or 1000 units. The maximum volume of one trade on a Cent account is 100 Cent lots, which corresponds to 1 standard lot or 100,000 units.

Please note that the company does not disclose what spreads, transaction sizes, or limits on opening transactions. Even leverage is hidden.

Financial transactions

FXTM does not charge any commission for funding your trading account. Funds are credited to the account instantly if there is no need for additional verification of the transfer. If there is no activity on the account (no trades are made) for 6 months, an inactivity fee of 5 EUR/USD/GBP will be debited from the account. If the fee refund policy is found to be abused or withdrawals are made without completing trades, FXTM reserves the right to charge the equivalent amount of any bank commissions and fees paid or 3% of the total withdrawal amount.

Of course, in this case we return to the reviews and understand that there is no withdrawal of money. The office works only in one direction, receiving funds from traders.