ForexTime Review – Is ForexTime Legit?

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ForexTime DEMO

ForexTime REVIEW

ForexTime Preview: (to pause video, simply tap/click on it)

Summary

Created for Forex and CFDs trading

ForexTime is an established global-brand trading platform

Read 100% Free ForexTime Review by Scamorno Team

Details

System ForexTime
Website URL http://www.forextime.com/ForexTime
Trial Start Trial
Overall Score 9.4/10

FULL REVIEW OF ForexTime

Are you looking for more information about ForexTime and whether or not this is truly a legitimate broker that you can trust your money with? Forex Time (ForexTime) was founded in 2011 by FX industry veteran Andrey Dashin, who is also a key shareholder of the online broker Alpari. Since ForexTime’s launch, the broker has expanded its platforms to include the suite of trading applications created by MetaQuotes Software Corporation, which includes MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Today, ForexTime remains a MetaTrader-only broker and offers seven account types providing traders with access to 59 currency pairs as well as CFDs on 173 single-stock shares, 11 indices, six metals, three energy contracts, and three cryptocurrencies.

Review Verdict: ForexTime is a legitimate platform that works

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How Are ForexTime Different From Other Brokers?

ForexTime is a MetaTrader-only broker that offers the standard, out-of-the-box experience. This means it offers the suite of platforms from MetaQuotes Software Corporation, developer of the MT4 and MT5 platforms for desktop, mobile, and web.

MetaTrader4-Desktop-Forex-Brokers

While MetaTrader 4 and MetaTrader 5 come standard, with small variations in functionality from broker to broker, significant differences exist in how the platform is set up for trading spreads and commissions, execution, and other tools, features, and administrative areas. Besides spreads, the range of instruments, and account types, here are some of the differences in features between the available MT4 platform setup and the default MetaTrader experience:

  • News headlines stream from FXStreet
  • MT4 and MT5 installation file wrapped in Windows Emulator for MAC OS Installation
  • Offers MT4 web and MT5 web

Separate from the native signals markets in MetaTrader, ForexTime offers additional auto-trading via its ForexTime Invest platform, with over 750 strategy providers to follow. These can be utilized  only with an ECN Zero account via the myForexTime portal.

Review Verdict: ForexTime is a legitimate platform that works

Visit ForexTime Website

Consumer Fraud Alert Regarding ForexTime

The success of ForexTime has given rise to many frauds who try to sell their own fake platforms in its name. This is a big issue as many customers have lost their money in joining from such fake sites. It is advised that customers should be really careful when they are joining and should do some research before they join from any website. To spot these, watch out and avoid sites that claim to write about ForexTime, yet the write-up is completely garbage and unreadable as they are created by software and spammed all over the internet. It is always better to avoid joining from any other site other than the official one. Therefore, it is highly advised that consumers do careful research, or only join from the site from the official website here – http://ForexTime.com/Official (link opens in a new window). The official website that they have includes the legitimate platform.

Conclusion about ForexTime

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All in all, for traders who know exactly what they want to trade and which trading conditions are most important to them, the ForexTime platform provides multiple options for MT4 and MT5. Adding cryptocurrency CFDs beyond only Bitcoin was also a positive addition to ForexTime’s offering, despite the limitation of weekend trading being unavailable.

Traders with less experience might have a hard time deciding. Ideally, we would like to see some of the account features combined; for example, it probably would be useful if ForexTime centralized its multi-asset offerings from different markets into one place. Lastly, the broker fares better for research because of its own auto trading platform and in-house signals.
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