VolumeFX Review is Volume FX a Scam or Should I Invest

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Cash FX Group Review – Scam or Legit? Compensation Plan Exposed

One of the things that we are going to take a look at is if the company is a scam or not.

We wouldn’t want to join a company that gets shut down due to bad business decisions or non-compliance issues.

We are going to take the time to research and review the information about the company, the products, and the compensation plan to see how the program really works.

We decided to take a closer look at Cash FX Group due to the growing interest that we started seeing in the social websites that we are part of.

With that said, let’s dig in and see what we can learn.

Table of Contents

Cash FX Group Review – What Is It?

Cash FX Group is an MLM company that gives you the opportunity to earn money with the promised ROI and the referral commissions that you can earn from it.

The company has an investment opportunity with financial trading education levels that reflect the cost per level that a person joins at.

The niche that I would consider the company to be in is the Forex and Crypto trading niche.

Company Overview

One of the things that we like to see when we take a look at a company that we can make money with is who owns it.

This gives us the opportunity to learn more about the background and the experience that the owner has to make a better judgment on whether or not it is a solid program or not.

Unfortunately, when taking a look at the company website, there was no information found about who owns or runs it on any of the pages.

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When doing a domain name Whois background check, we found:

  • The domain name “cashfxgroup.com” was registered on 3-4-2020.
  • The domain name was registered privately.

The official name of the company is called Cash Forex Group which we found on the website.

That is all of the information that we have on the company, let’s continue to the next section.

What Are The Cash FX Group Products?

In this section of the review, we are going to take a look at the products that Cash FX Group offers.

I did notice when searching around, you will be given education about trading and bettering your finances but was not able to find any retail products that the company offers.

The only thing that you can do is to join by making an investment to earn from the opportunity.

That is all of the information that we found on the products that the company offers, let’s continue.

How Does The Cash FX Group Compensation Plan Work?

In this section of the review, we are going to see how the compensation plan works and how you can make money with the Cask Forex Group opportunity.

There are 2 ways that you can make money with the compensation plan which are:

  • ROI Commissions
  • Referral Commissions

Getting Started

There are several levels that you can get started as an affiliate member to earn from the ROI and referral commissions.

The ROI promise that you can earn from your investment is 200% or 400% which will be capped at a total of 15% every week.

Here is a breakdown of all of the investment levels that you can get started at:

  • The 300 Level – This level requires a $300 investment. You will get 150 PV in the Leadership Program.
  • The 500 Level – This level requires a $500 investment. You will get 250 PV towards the Leadership Program and 350 PV for the Trade Pool Deposit.
  • The 1K Level – This level requires a $1000 investment. You will get 500 PV towards Leadership Program and 700 PV for the Trade Pool Deposit.
  • The 2K Level – This level requires a $2000 investment. You will get 1,000 PV towards Leadership Program and 1,400 PV for the Trade Pool Deposit.
  • The 5K Level – This level requires a $500 investment. You will get 2,500 PV towards Leadership Program and 3,500 PV for the Trade Pool Deposit.
  • The 10K Level – This level requires a $10,000 investment. You will get 5,000 PV towards Leadership Program and 7,000 PV for the Trade Pool Deposit.
  • The 20K Level – This level requires a $20,000 investment. You will get 10,000 PV towards Leadership Program and 14,000 PV for the Trade Pool Deposit.
  • The 30K Level – This level requires a $30,000 investment. You will get 15,000 PV towards Leadership Program and 21,000 PV for the Trade Pool Deposit.
  • The 50K Level – This level requires a $50,000 investment. You will get 25,000 PV towards Leadership Program and 35,000 PV for the Trade Pool Deposit.
  • The 100K Level – This level requires a $100,000 investment. You will get 50,000 PV towards Leadership Program and 70,000 PV for the Trade Pool Deposit.

The difference between the 200% and 400% cap that was mentioned earlier applies to the MLM side of the compensation plan and to the passive income profits that the company offers.

  • The MLM Cap – 400% weekly
  • The ROI Cap – 200% weekly

The maturity date that the company offers is also the 200$ for the passive ROI returns and 400% for the MLM side of the commissions that you earn.

The way they teach you is to reinvest the money right after it matures to earn even more money.

One thing to take note of is the withdraw fee.

The company will take 20% from your commission withdraw where 50% of that 20% will go toward the referral commissions that are earned from the MLM compensation plan.

Ranks and Qualifications

There are a total of 7 ranks that you can qualify for in the Cash Forex Group opportunity.

The higher the rank that you can qualify for will mean the more money that you can make with the company.

Here is a breakdown of what each rank is and the qualifications that you need in order to reach them:

  • Affiliate Rank – To qualify for this rank, you will need to purchase one of the investment packages.
  • Executive Rank – To qualify for this rank, you will need to join at the 1K level investment with a 500 PV or higher level, recruit and maintain 3 investing members with a total downline of at least 7000 GV.
  • Manager Rank – To qualify for this rank, you will need to join at the 1K level investment with a 500 PV or higher level, recruit and maintain 2 Executive Rank or higher with a total downline of at least 25,000 GV.
  • Director Rank – To qualify for this rank, you will need to join at the 1K level investment with a 500 PV or higher level, recruit and maintain 2 Manager Rank or higher with a total downline of at least 100,000 GV.
  • President Club Rank – To qualify for this rank, you will need to join at the 1K level investment with a 500 PV or higher level, recruit and maintain 3 Director Rank or higher with a total downline of at least 500,000 GV.
  • Ambassador Rank – To qualify for this rank, you will need to join at the 1K level investment with a 500 PV or higher level, recruit and maintain 3 President Club Rank or higher with a total downline of at least 2,000,000 GV.
  • Global Ambassador Rank – To qualify for this rank, you will need to join at the 1K level investment with a 500 PV or higher level, recruit and maintain 2 Ambassador Rank or higher with a total downline of at least 5,000,000 GV.

A couple of terms that were listed here were GV and PV.

Here is what they mean:

  • PV – This term is “Personal Volume” which is the volume or the investment PV from your personal investment volume.
  • GV – This term is “Group Volume” which is the volume or the investment PV (volume) from your entire downline.

Referral Commissions

Cash FX Group also pays out 50% of all of your personally enrolled members.

What the company does is take 50% of the Academy Pack PV that your personally recruited joins at and pays you on that volume.

For example, if you recruit someone that joins at the 500 Level, the PV that the member gets is 250 PV, and you will earn $125 from that sale.

Residual Commissions (unilevel)

The company also offers 2 sets of residual commissions that you can earn when an affiliate member makes an investment.

The company uses the unilevel compensation plan for the first one to pay these commissions.

For those that are not familiar with how the unilevel compensation plan works, here is a quick breakdown:

  • 1st Level – The first level of your unilevel compensation plan will only have your personally recruited members on it.
  • 2nd Level – The second level of your unilevel compensation plan will only have team members that your level 1 members personally recruited on it.
  • 3rd Level – The third level of your unilevel compensation plan will only have team members that your level 2 members personally recruited on it.
  • and so on…

Hopefully, this explanation gives a better understanding of how the unilevel pay plan works for those that are unfamiliar with it.

Cash FX Group offer an unlimited amount of levels that you can earn on in their unilevel compensation plan.

Depending on the rank that you are qualified at in the company will depend on the amount and the levels that you can earn on.

Here is a breakdown of what that looks like:

  • Affiliate Rank – When you qualify for this rank you can earn 10% on levels 1 to 4.
  • Executive – When you qualify for this rank you can 10% on level 1 to 4 and 20% on levels 5 and 6.
  • Manager – When you qualify for this rank you can 10% on levels 1 to 4, 20% on level 5 and 6 and 5% on levels 7 and 8.
  • Director – When you qualify for this rank you can 10% on levels 1 to 4, 20% on levels 5 and 6, 5% on levels 7 and 8 and 5% on level 9.
  • President Club – When you qualify for this rank you can 10% on levels 1 to 4, 20% on levels 5 and 6, 5% on levels 7 and 8, 5% on levels 9 and 10 and 1% from level 11 down.
  • Ambassador – When you qualify for this rank you can 10% on levels 1 to 4, 20% on levels 5 and 6, 5% on levels 7 and 8, 5% on levels 9 and 10 and 1.5% from level 11 down.
  • Global Ambassador – When you qualify for this rank you can 10% on levels 1 to 4, 20% on levels 5 and 6, 5% on levels 7 and 8, 5% on level 9 and 1% on level 10
    Ambassador – When you qualify for this rank you can 10% on levels 1 to 4, 20% on levels 5 and 6, 5% on levels 7 and 8, 5% on levels 9 and 10 and 2% from level 11 down.

Residual Commissions (matrix)

The second residual commissions that the company offers are paid out using the matrix compensation plan structure.

The matrix structure is a set amount of rows and levels that you can earn from.

Cash Forex Group offers a 3X10 matrix that you can earn even more residual commissions from.

You can fill any of the positions through direct or indirect sales from you or your team (downline) members.

Do you remember the withdrawal fee that we mentioned above?

The company takes 20% of the 50% commissions that you earn from personally sponsored members.

This is what they use to pay out all of these commissions.

The matrix commissions that you can earn will depend on how much you have invested.

Here is how that works:

  • When you join the 300 or 500 investment level, you can earn 3% on levels 1 to 3.
  • When you join the 1K investment level, you can earn 3% on levels 1 to 3 and 5% on level 4.
  • When you join the 2K investment level, you can earn 3% on levels 1 to 3, 5% on level 4 and 6% on level 5.
  • When you join the 5K investment level, you can earn 3% on levels 1 to 3, 5% on level 4, 6% on level 5 and 10% on level 6.
  • When you join the 10K investment level, you can earn 3% on levels 1 to 3, 5% on level 4, 6% on level 5, 10% on level 6 and 30% on level 7.
  • When you join the 20K investment level, you can earn 3% on levels 1 to 3, 5% on level 4, 6% on level 5, 10% on level 6, 30% on level 7 and 20% on level 8.
  • When you join the 30K investment level or higher, you can earn 3% on levels 1 to 3, 5% on level 4, 6% on level 5, 10% on level 6, 30% on level 7, 20% on level 8 and 10% on levels 9 and 10.

The company will also payout and an extra 10% matching bonus on your personally recruited residual earnings.

Leadership Bonuses

The Leadership Bonus is reserved for Executive ranked members and higher.

The company does mention that this bonus is available but doesn’t disclose what the commissions will be for this bonus at this time.

That is all of the information that we have about the compensation plan and all of the ways that you can make money with the Cash Forex Group opportunity, let’s continue.

My Cash Forex Group Q and A Section

In this section of the review, I am going to share some answers to some of the questions that people may have when thinking about joining the Cash FX Group opportunity.

Is Cash FX Group BBB Accredited?

No, Cash FX Group is not accredited with the Better Business Bureau at this time.

There are a ton of companies that are not accredited with the BBB that we found to be 100% legitimate and running for several years.

We only go by what the current facts tell us about the company when determining the legitimacy of a company.

What Is The Cost To Join Cash FX Group?

The minimum cost to join Cash FX Group is $300.

However, the company offers several investment levels that can range up to $100,000.

The company offers a 200% or 400% ROI on your investment, and once that cap is reached you can re-invest those earning to earn more money with the company through the same methods.

Now, let’s answer the question that is on everyone’s mind which is…

Is Cash FX Group a Scam or Legitimate Opportunity?

In my opinion, no, Cash FX Group is not a scam but the company business model does have some very serious issues with it.

Here are some of our concerns:

  • No mention about who owns the company
  • The ROI Commissions that are offered
  • The lack of any retail products or services

When a company doesn’t present information about the owner, this throws up the first red flag.

However, this is not a definite factor for a company to be a scam.

The second issue is the ROI that the company promises for your investment.

The company claims that the profits generated through trading and investments are what is sustaining the ROI commissions to all active investing members.

However, we could not find any proof or data to verify this claim nor did we find any country registration that is saying the company is legally verified to offer securities.

The last issue is that the company offers no retail products which also makes the company out of compliance when concerning MLM law.

With that said, let’s continue.

My Final Cash Forex Group Review and Thoughts

In the final section of my review, I am going to share my final thoughts about the Cash Forex Group opportunity as a whole.

We have taken the time to research and review the information about the company, the products, and the compensation plan.

I have also shared my thoughts on why I felt the company has so many issues as far as the business model is concerned.

At this point, you should have a good idea about what it is, how it works, what they offer, and how you can make money with Cash FX Group.

What are your thoughts about it up to this point?

But here is the question…

Would we recommend the Cash FX Group opportunity?

No, we would not recommend joining Cash Forex Group due to the serious issues that we have found about it.

With that said, I hope you enjoyed my Cash FX Group review.

If you found this review helpful, make sure to click on the social share buttons on this page and share it with others so that people can learn exactly what the Cash FX Group is really all about.

VolumeFX Review


Reason to avoid: Offshore license

Listed Date: December 30, 2020

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Beware VolumeFX is a Non-Regulated broker. It is NOT SAFE to trade.

  • Company name: VolumeFX Ltd
  • Registration/license: Saint Vincent and Grenadines
  • Registration/license requirement: USD 2,000

VolumeFX is an offshore broker that offers trading in Forex, Crypto, CFD’s, Stocks, Commodities and Indices. The company is owned and operated by VolumeFX Ltd., based in St. Vincent & the Grenadines. There is no information about broker’s regulation and that could be the biggest concern, as unregulated entities have no legal rights to provide financial services. Also, St. Vincent & the Grenadines location doesn’t mean the broker is regulated there as we have already wrote that St. Vincent & the Grenadines Financial Services Authority has announced that it does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies, which engage in such activities.

Considering all the mentioned facts, we don’t recommend investing in VolumeFX. There are a lot of other well-regulated brokers to do business with. Regulated brokers are obliged to follow very strict rules, among which are reporting, keeping all clients funds in segregated accounts, providing traders with a negative balance protection and also maintaining a certain minimum of operational capital. Some regulators, like FCA and CySEC, give an opportunity to participate in traders compensation schemes. Check the list of the FCA-regulated brokers.

How to identify Forex scams

Just like any other financial market, the Forex market has been a target of Forex scammers for a very long time. Unethical behaviour, promises of unusually large profits without any risk, and the advertisement of “holy grails” are all signs of a Forex scammer who wants to make a profit from naïve traders. Fortunately, there are easy ways you can identify a Forex scammer and protect yourself from their misleading promises. In this article, we’ll cover exactly that, and show you how Forex scammers operate.

How to identify a Forex scammer

Forex scammers may come in different forms, but they all share one thing in common: they’re non-transparent, unregulated, and promise trading results which sound too good to be true. Beginners may have a hard time identifying these characteristics due to their inexperience, which is the main reason why beginners are often targeted by Forex scammers. As you gain trading experience along the way, it will become significantly easier for you to spot these unethical practices and protect yourself from Forex frauds.

If a trader promises hundreds of pips per day without any risk, or tries to sell a trading robot which makes thousands of pips with the click of a mouse, you should be very cautious about that offer. If a trader really had an extremely profitable trading strategy or trading robot, they wouldn’t have to sell that system to other traders, right? They could simply make hundreds of pips with their system and wouldn’t waste their time advertising their product to other traders.

Regulation, or rather lack of it, is also a very important sign of a Forex fraud. Check whether the company which promises unusually high profits is regulated by scrolling through its website. Regulated companies always showcase their licence or regulatory authority on their website, and if you’re unable to find this information, you’re probably dealing with a fraud.

Here we’ve prepared a short checklist of the main points you need to look for to identify potential scammers:

  • Does the trader or company promise extremely high profits and doesn’t mention any risks associated with the strategy? If so, it’s probably a fraud.
  • Can you find information about the company’s regulation on its website? If not, be cautious when dealing with the company.
  • Can you find any additional background information about the trader or the company?
  • Does the trader have their trading results verified by a third party?

These signs, and more, will be discussed in more detail in the following lines.

Additional signs of Forex scams

There are many more ways of identifying Forex trading scams, such as trading results which are not verified, emails that ask for personal information, or the unavailability of background information.

  • Unverified trading results – This scam is very popular with Forex signal providers. A trader will claim that they are constantly profitable on the market, and post screenshots of their trading performance on social media. The trading results often show extreme profit, sometimes even without a single losing trade. Beginners without trading experience are especially attracted to these types of scams as they don’t know how much profit to expect when trading. Needless to say, you should be very cautious when someone makes their trading results publicly available. Ask the trader if the results are verified by a third-party provider, such as myfxbook. If the trader refuses to provide you with a link to their verified results, simply forget about that trader and choose another, as it is highly likely that they are a fraud.
  • Unprofessional emails – Unprofessional emails are another obvious sign of an online Forex trading scam. Email marketing is very common these days, but if the tone of the email sounds unprofessional or if the person asks for any personal information, it’s probably a scam. Forex scammers often use email lists bought on the dark web to send hundreds, or even thousands of emails to traders, offering various trading products. Again, make sure there is background information about the person sending the emails – or if it’s a company, check that it is regulated by browsing its website. If you are unable to find any of the above, and the emails ask for personal information to send you a “free e-book” or something similar, it’s probably a scam.
  • No background information – We’ve already mentioned the importance of checking for background information about a trader or company that promises extremely high profits or asks for your personal information. Scammers often change their identity and act under an imaginary name, so that their victims can’t track them on the Internet. It’s also common for scammers to use pictures of traders found on the internet, claiming that the person in the picture is them.

A simple Google search can help you out a lot. Search for the name of the trader or the company and see whether you can find any background information that proves the scammer’s claims. If you’re dealing with a serious company or trader, you may also be able to find reviews from other customers who have used their services. Always do your research to avoid falling for this type of scam.

Protect yourself against Forex scams

Now that we have covered the most important signs that identify a Forex scammer, it’s time to take a look at ways you can protect yourself. Being cautious about any offer is usually the best solution, but there are also some additional ways.

  • If it’s too good to be true, it’s probably a scam

Common sense helps a lot in these situations. If someone claims to make hundreds of pips per day without a single losing trade with their strategy, it’s probably too good to be true. Even professional traders have losing trades from time to time. If the results are not verified by an independent third-party service, you’re most likely dealing with a scam.

Nothing is more powerful than knowledge. Scammers usually target beginners who don’t have enough trading experience to identify what returns are realistic on the market. Education doesn’t come overnight, but with time you’ll find it way easier to spot Forex frauds even from a distance. Invest in your trading education and gain experience, and you won’t become an easy target for Forex scams.

Never give out your personal information! Scammers may use it to steal your identity and to attract new victims under your name. Always ask yourself – why do they need my personal information? If there is no obvious answer to this question, don’t send any personal data and stop wasting your time with the company. It’s very important to know how to protect your personal information. Regulated companies have to store all of their clients’ personal information, such as ID cards and passport copies, in a safe place and can only use the data for their internal procedures.

Finally, if you’re unsure whether a company is regulated or not, your best bet would be to directly contact the regulatory body of the company’s jurisdiction. You’ll first need to find out the location of the company in order to reach out to the regulatory body of that country. Many regulatory authorities feature a database of regulated companies on their website, where you search and find additional information about the company’s license. Popular regulatory bodies in the Forex industry include the FCA in the United Kingdom, CySEC for Cyprus-based companies which offer their services in the European Union, and the CFTC and NFA in the United States.


There are scammers and unethical persons operating across all markets, and the Forex market is no exception. There are many signs of Forex trading investment scams that can be used to identify and uncover a scammer, such as promises of extremely high profits without verification, the absence of any industry regulation, unprofessional emails which ask for personal data, or the unavailability of background information. Always perform detailed research on these points before you buy a trading product. In addition, make sure to educate yourself about trading, since scammers usually target beginners who aren’t experienced enough to identify unrealistic trading results. If an email asks for personal info, never provide the information right away, but first check why the person or company needs your personal data. You should send copies of your ID cards or passports only if you’re sure that the company is legit. Performing a check on the regulatory body’s website to see whether the company is listed in the database is also a wise decision. To perform the check, first find out where the company is located and go to the website of the regulatory body which governs that jurisdiction. If the company is not listed in the database of regulated companies, it’s probably a scam.

Beginner’s Guide to ForexTime FXTM: Complete Review

ForexTime is a forex broker geared to a range of skill levels which was founded back in 2020 by Andrey Dashin.

ForexTime (FXTM) offers an solid trading platform based on MetaTrader 4 and 5 and offers a wide range of trading instruments including Cryptocurrencies, Forex, CFDs for Indices & Commodities, Spot Metals and Shares CFDs.

ForexTime is well regarded in the industry with competitive spreads and is regulated in the UK by the FCA and Cyprus by CySec.

Although ForexTime is one of the newer brokers, it has been growing at a fast pace and has earned numerous awards in it’s lifetime. Read on, for our honest review of the ForexTime broker.

ForexTime at a Glance

Broker ForexTime
Regulation FSCA (South Africa), FCA (UK) & CySec (Cyprus)
Minium Initial Deposit
$/€/£ 10
Demo Account
Asset Coverage CFD markets: Forex, Indices, Commodities, Spot Metals, Shares & Cryptocurrencies
Leverage 30:1 Retail & Up to 1000:1 Professional
Trading Platforms MetaTrader 4 & MetaTrader 5

Licenses & Regulations

  • ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12
  • licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614.
  • The company is also registered with the Financial Conduct Authority of the UK with number 600475.
  • Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number C113012295.
  • Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority, firm reference number 777911.

ForexTime Trading Instruments

With FXTM, traders are able to trade a nice range of instruments.

  • There are more than 50 currency pairs.
  • Those who prefer to diversify their investments can also trade CFDs, spot metals, share CFDs, and CFDs on Commodity Futures.
  • Additionally, they can trade CFDs on Indices and ETFs, and CFDs on cryptocurrencies.
  • This includes more than 180 US shares.
  • You can trade up to 59 exotic currency pairs, 5 spot metals, 14 spot CFDs, 3 CFDs on commodities, and 4 cryptocurrencies.

Many traders appreciate the ability to engage in both stock trading and stock CFD trading with ForexTime.

Trading stocks with FXTM is a good way to diversify your portfolio and introduce risk. It also helps not have to deal with the time limits associated with stock CFDs.

To trade stocks with FXTM, you need an FXTM Pro MT5 Account. This will give you spreads from 0 pips, the fastest execution, and your choice of mini, macro, or standard lots.

ForexTime Trading Terms

ForexTime prides itself on offering excellent trading terms. There is fast execution and the availability of micro and mini lots.

The minimum deposit is conveniently low and the platform uses No Dealing Desk (NDD) technology. FXTM also has deep interbank liquidity and allows for Expert Advisors as well as Logarithmic Trading.

Floating leverage can be as high as 1:1,000. Spreads can be as tight as 0.1 pips depending on the market conditions and account type.

The leverage of up to 1:1,000 is part of the FXTM floating leverage system. With that high leverage, traders are able to increase their potential profits via trading larger volumes. This does, however, come with a higher risk.

The tight spreads from ForexTime help to ensure that traders can take advantage of low initial trading costs.

FXTM also delivers fast execution as transactions are executed immediately. This means that you do not have to worry about delays interfering with your ability to get the best prices.

The NDD technology mentioned lets ForexTime work with various liquidity providers. That gives the clients the best possible prices for both bid and ask. This tech provides deep interbank liquidity. It also provides the ability to deliver those previously mentioned instant trades.

To view the full contract specifications for all trading instruments, go to the Trading Instruments portion of the ForexTime website. Then, visit Contract Specifications.

You can view specific information for forex, spot metals, CFD US shares, spot commodities, stock trading, spot indices, and cryptocurrencies. You will see information such as minimum or typical spreads, pip values, swaps, and trading sessions.

ForexTime Margin & Leverage

You can view every single one of the margin and leverage requirements for ForexTime trades on the appropriate page on the broker’s website. All the info is under the main category of Trading Accounts.

The margin requirements and leverage requirements are listed for Standard, ECN, and ECN Zero Trading Accounts. View the requirements in the categories of FX majors, FX minors, FX exotics, spot metals, BTCUSD, ETHUSD, LTCUSD, and RPLUSD.

For each of these, you can find the notional value for USD, EUR, GBP, or NGN, as well as the leverage offered and floating margin as a percent.

The same information is displayed below this with the information for FXTM Pro MT4 Trading Accounts. Then, for FXTM Pro MT5 Trading Accounts as well.

FXTM Comissions

The commissions charged by FXTM vary based on account type. There is no commission on Standard Accounts, Cent Accounts, Shares Accounts, ECN Zero Accounts, or FXTM Pro Accounts. ECN Accounts have commissions of $2 per lot.

In the case of certain accounts, there are floating commissions. For ECN MT4, for example, the commission depends on the trading volume and equity, with lower commissions corresponding to higher trading volumes and equities.

You can view the specific floating commission rates under Trading Accounts on the Commissions page. You will also find commissions for stock trading via PRO MT5 here.

Example Commissions on ECN MT4

Equity (USD) Trading Volume (million USD)
Less Than 100 100 – 150 150 – 250 Over 250
0 – 2,999 20 19 18 15
3,000 – 4,999 19 18 17 14
5,000 – 19,999 18 17 16 13
20,000 – 49,999 17 15 13 11
50,000 – 199,999 16 13 11 9
200,000 – 499,999 14 12 10 8
500,000 – 999,999 13 10 8 6
1,000,000 – 4,999,999 12 9 6 4
Over 5,000,000 Determined on an individual basis

ForexTime Deposits & Withdrawals

ForexTime offers dozens of deposit and withdrawal methods as a way to appeal to a wide range of clients. Deposit methods include FasaPay, Ghana local transfers, Nigeria local bank transfers, Algerian local transfers, Kenyan local transfers, Indonesian local transfers.

Also, local transfers for Pakistan and India, online banking Indonesia, online banking Malaysia, Local Exchange House, Afghani local transfers.

Moreover, Laos local transfers, Nganluong (e-wallet and banking channel), Baokim, GlobePay, Egypt local transfer, Iraqi local transfer, Bangladeshi local transfer.

Finally, Palestinian local transfer, online banking Thailand, online banking Vietnam, China Online Banking, and Tanzanian Local Transfers (BRK).

Clients can also make a deposit with Visa, Mastercard, or Maestro cards. VIPs can deposit via Neteller or Skrill/Moneybookers.

All clients can also deposit via cryptocurrencies, Dusupay, Alfa-Click, Dixipay, WebMoney, Yandex.Money, QIWI, Perfectmoney, Bitcoin via Skrill, Bitcoin, or Konnexone. Finally, there is the option of a bank wire transfer.

None of those deposit methods charge commissions. Processing times range from instant to 24 hours/up to a business day for most methods. The exception to this is a bank wire which takes three to five business days.

The methods for withdrawal are nearly identical, with a few differences. You can withdraw, for example, via China Union Pay and cannot withdraw via Alfa-Click or Cash U. Most withdrawal processing times are 24 hours with the exception of China Online Banking which takes 48 hours.

Other exceptions: Konnexone which is up to a business day, and crypto, Bitcoin, or Bitcoin via Skrill which take 24 to 48 hours. There are commissions for some of the withdrawal methods as well. These can be either a low set fee or a low percentage of the transaction. Many withdrawal methods are commission-free still.

You should always look at the fees and time frames associated with your chosen withdrawal or deposit method on ForexTime.

Minimum & Maximum Deposits

ForexTime’s minimum and maximum deposits depend on the type of account that you choose.

  • Standard Accounts, Shares Accounts, ECN Accounts, and ECN Zero Accounts have a minimum deposit of $/€/£ 100 or ₦20,000. They do not have a maximum deposit.
  • Cent Accounts have minimum deposits of $/€/£ 10 or ₦1,000, with no maximum deposit.
  • FXTM Pro accounts have a minimum deposit of $/€/£ 25,000 and no maximum.

ForexTime Account Types

Standard Accounts include a Standard Account, CENT Account (with micro lots), and Shares Account.

ECN Accounts include the ECN MT4 Account, the ECN MT5 Account, the ECN ZERO Account.

Also, the ECN Manager Account, FXTM Pro, FXTM Pro MT5, and ECN Zero MT5.

  • Standard Accounts work with MetaTrader 4. They include tight floating spreads, floating leverage from 1:1,000, instant execution, hedging, a SWAP-free option, and no hidden commissions. These accounts can be in USD, EUR, GBP, or NGN.
  • Cent Accounts also have instant execution, tight floating spreads, and a SWAP-free option and work with MT4. They are available in EUR cents, GB pence, USD cents, or NGN kobo. They feature Cent Lots and have a minimum deposit of just 5 EUR/USD/GBP.
  • Shares Accounts also use MT4 and have a SWAP-free option and instant execution. Hedging is allowed and there are no commissions. Leverage is fixed at 1:10 and this account gives access to more than 180 US shares. The account is available in USD, EUR, GBP, or NGN.

Additional Trading Accounts

ECN Zero Accounts use MT4 or MT5 and can include FXTM Invest. ECN Zero Accounts have tight floating spreads, no commissions, market execution without requotes, and floating leverage of up to 1:1,000.

They also have a SWAP-free option, and your choice of GBP, USD, EUR, and NGN. Both scalping and hedging are allowed.

An ECN Account also uses either MT4 or MT5, with market execution and no requotes, floating leverage of up to 1:1,000.

It has spreads from 0.1, a SWAP-free option, and the same currency options as well. Scalping and hedging are allowed and the commissions start at just $4. This type of account is also available with FXTM Invest.

Finally, an FXTM Pro Account lets you use MT4 or MT5. It features tight spreads from 0 pips, no commissions, floating leverage of up to 1:100, and ultra-fast market execution without requotes.

There is no last-look pricing and this account takes advantage of deep liquidity right from ForexTime’s tier-1 providers.

Regardless of the type of account, NGN accounts are only offered for clients in Nigeria.

FXTM Invest ( Copy Trading )

FXTM Invest is a relatively new offering from ForexTime that lets clients become FXTM Invest Strategy Managers.

It is a copy trading program that relies on cutting-edge technology. This lets you use your forex skills to earn additional capital. With this program, other investors can copy your trades. That way, you will earn a percentage of their profits, as much as 50 percent.

To become a Strategy Manager, you register for an ECN Zero Account and verify your profile. Then, you get your own Manager page to display trading statistics and start sharing your trading results via social media.

FXTM Invest lets people who are starting out trading copy the trades of those who have a proven record of success. This also works for those who simply do not have the time to make complicated trading strategies.

At the same time, it lets successful traders make money from their success by letting others copy their trades.

Part of the FXTM Invest program is the inclusion of a list of the top-ranking strategy managers. This information has been verified by an audit. For each Strategy Manager in the program, you can view detailed information to help you decide.

This includes a profitability chart, the Strategy Manager, the return, the week’s return, and the max drawdown. It also includes the risk level, the days open, and the profit share in percentage.

Each Strategy also has a rating out of five stars to help you make your decision. You can view the Strategies by only looking at those that are top ranked or all of them.

Clicking on any of the Strategy Accounts will show you its rank, the number of investors, the days open, the risk level, the return. It will also show you specific figures for the day and month.

There is also a section where the Strategy Manager tells you about the Strategy and any other additional relevant information. Below this, you will find charts and graphs detailing returns and monthly statistics by trades.

Below this are general statistics, including total trades, profitable (and unprofitable) trades by percent, average trade length, consecutive wins. Additionally, there are statistics on the greatest win in pips, average daily trades, deals with stop loss, deals with take profits.

Finally, info on sell, buy, consecutive losses, greatest losses, and maximum simultaneous orders. Underneath this, you can find additional information such as statistics per instruments like profitability, pip, average pip, SL/TP, average SL/TP, duration, and type. Also, the trades by hour and trades for specific days of the week. The last two of these figures include profitable and unprofitable trades separately.

Overall, FXTM Invest gives those looking to engage in copy trading all the information they need to decide which Strategy Manager or Strategy Account to copy.

Automated Trading

FXTM allows for Logarithmic Trading and Expert Advisors. The algorithmic trading is automated trading, which provides a great deal of convenience for traders who are busy.

This method lets ForexTime clients create their trading strategy or choose the strategy of someone else. They can then use an automated trading system, such as Expert Advisors, to follow the trading strategy.

The system will automatically trade for clients based on the strategy you implement.

Many traders appreciate the fact that automated trading ensures you do not miss any opportunities if you cannot watch the markets 24/7.

FXTM offers this since it makes it possible to make a profit even when asleep. Of course, automated trading can lead to losses as well as profits, as everything depends on your strategy and the market.

Trading Restrictions

With a Standard Account from ForexTime, there is a minimum volume of 0.01 lots per trade. It supports standard, mini, and micro lots and a maximum of 30 lots per trade.

You can have up to 100 orders or pending orders with this account type. This type of account has a margin call at 40 percent and a stop out at 20 percent.

Cent Accounts have the same minimum lot volume per trade but a maximum of 1 lot per trade. There is a maximum of 100 pending orders and 300 orders with this account type. Margin calls are at 60 percent and stop outs at 40 percent.

With Shares Accounts, the trade volume can be between 0.01 and 10 lots. There is a maximum of 100 orders and 100 pending orders. Margin call is at 40 percent and stop out is at 20 percent.

ECN Zero Accounts and ECN Accounts have trade volumes between 0.01 and 100 lots. There is a maximum of 300 pending orders and no limit on orders. Margin call is at 80 percent and stop out is at 50 percent.

FXTM Pro Accounts allow for trade volumes of 0.01 to 250 lots, with 300 pending orders and unlimited orders. Margin call is at 80 percent and stop out is at 50 percent.

FXTM Trading Platforms

Those with ForexTime accounts can use MetaTrader 4 and MetaTrader 5. This compatibility with the top forex trading platform eliminates the learning curve for those who switch to FXTM from another broker.

It also means that there is a wealth of resources and tutorials available, both from ForexTime and other sources. Of course, that also means that traders get all the great features of the MetaTrader platforms.

Those who prefer to trade on the go will also appreciate the support for applications for tablets and mobile devices.

In terms of MetaTrader 5, clients get access to Level II data and all execution modes. They also get an extensive range of order types and trading signals with MQL5.

You can use MT5 for FXTM on PC, MAC, mobile, and tablets. There are versions for desktop, iPhone/iPad, Android, Mac, and WebTrader. You can read more about any of these specific versions of MT5 or download them via ForexTime’s website.

Clients can use MetaTrader 4. Its user-friendly features are cutting-edge, and they will have access to all of the major trading instruments. They will also get automated trading via Expert Advisors, and support for multiple currencies and languages.

Like MT5, MT4 is available for nearly every device you can think of. You can learn more about or download the versions for PC, iOS, Android, Mac, WebTrader, or Multi Terminal via the ForexTime website.

One very useful part of the ForexTime website is a comparison between MetaTrader 4 and MetaTrader 5. That way, clients can choose which platform from MetaQuotes will work best with their FXTM trading experience.

The comparison includes the key differences, including order execution types, partial order filling policies, order filling policies, pending order types, and hedging.

It also includes netting, market depth, technical indicators, timeframes, graphical objects, email systems, economic calendars, strategy testers, and the embedded MQL5.community chat.

ForexTime Web Trader

As mentioned, ForexTime works with WebTrader for MT4 and MT5. This lets you access the markets on a PC or Mac without the need to download any software.

The MT4 version includes support for 18 languages, one-click trading, an intuitive user interface, 9 timeframes, real-time quotes, comprehensive account history. It also includes advanced analysis tools, real-time quotes in MarketWatch, and reliable data protection.

The MT5 WebTrader includes hedging options, built-in technical and fundamental analysis tools, an advanced strategy tester, real-time market depth.

It also includes detailed trading history, 21 timeframes, 3 chart types, support for 18 languages, over 300 tools, real-time quotes, reliable data protection, and one-click trading.

ForexTime Mobile Trading

As mentioned, ForexTime supports mobile trading for convenience. This includes the MetaTrader 4 and MetaTrader 5 applications for both iOS and Android devices.

With the MT4 mobile application, you get real-time quotes, 9 timeframes, 24 analytical objects, 30 technical indicators, trading history. You also get real-time interactive charts, all trade orders available, all execution methods available, multiple chart types, and full control of your trading account.

MT5’s mobile application includes real-time quotes, trading history, 24 analytical objects, 30 technical indicators, a full-featured trading system with Market Depth. It also includes hedging and netting functionality, built-in chat, push notifications, up-to-date financial news.

Additionally, it includes availability of all trade types and execution methods, complete trading account control, and optimization for iPads.

Additionally, there is an FXTM Trader Application that lets you trade more than 250 instruments while on the go. This is a new trading application and it delivers lightning-fast mobile trading for iOS or Android.

That mobile application includes unlimited access to MyFXTM as well as cross-platform trading, 250+ financial instruments, no need for extra downloads.

It also includes one-click trading for quick market action, real-time updates that include live currency updates, and state-of-the-art charting tools. In addition, a trading dashboard with your balance, profit, and margin as well as the ability to open, close, or modify positions within a matter of seconds.

ForexTime Performance Statistics

FXTM shares its performance statistics on its website to deliver transparency and show potential clients what they can expect from the broker.

FXTM verifies all of its performance statistics before publishing them. That verification is done with PricewaterhouseCoopers Limited (PwC). This is in accordance with the International Standard on Assurance Engagements (ISAE) 3000.

According to ForexTime, the company publishes all these statistics to reset the benchmarks and standards of the forex industry. Also, to improve transparency and to enhance awareness.

In terms of statistics related to clients and customer service, the average wait time is less than 12 minutes. More than 84 percent of client funds are processed within just five minutes. FXTM receives feedback that is more than 90 percent positive.

You can also view graphs on the FXTM Performance Statistics webpage that display the order execution speed, slippage, and requotes.

At the time of writing, each of these graphs displays the statistics for each month of 2020. Order execution speeds are lowest for Pro trades, which get as low as 0.050.

The slippage graph shows that most FXTM clients get to take advantage of positive slippage while enjoying reduced negative slippage. In 2020, positive slippage got as high as 85.82 percent in March. Negative slippage got as low as 14.18 percent in the same month.

Looking at the requotes, you see that ForexTime has a competitively low rate that the company is striving to improve. The requote rates in 2020 never averaged above 2.08 percent and got as low as 1.51 percent.

To supplement these performance statistics, ForexTime lets traders connect with a Strategy Manager to copy their trades via FXTM Invest. To assist with the decision, ForexTime displays the live rankings for top performers, with all the data verified by PwC.

ForexTime Market News

ForexTime has a streaming news Feeder that comes from FX Street, the Forex News Timeline. This is to give traders all of the information they need to make educated trades.

Additionally, there is an Economic Calendar from FX Street. Clients also have the option of setting up SMS alerts for major market news. That way, they can take action immediately and never miss out on an opportunity.

ForexTime Market Analysis

FXTM delivers an analysis of the market that includes FXTM Trading Signals. There are both weekly and daily reports. The Daily Market Analysis covers a range of topics with articles of varying lengths from the experts at ForexTime.

There is also a specific market analysis related to Brexit via a Brexit Countdown and guide.

Those who prefer videos over reading will appreciate the daily market analysis videos. These come from ForexTime’s market research team and include things like the latest market opportunities. The most common analysis video is an overview of the market for the week.

Additionally, FXTM offers a quarterly market outlook so traders can stay ahead of the markets. This market outlook includes the potential movements within the forex and commodity markets in the coming months.

It also features insights that can help you develop a trading strategy. Of course, it also includes expert forex and commodity technical analysis.

There is a free sample of this quarterly market outlook available for non-clients. Clients can download the full PDF without any additional cost.

ForexTime Trading Signals

You can utilize trading signals on ForexTime. This feature is available with both MT4 and MT5. There are actually FXTM Trading Signals, which are all created to interpret fluctuations in key financial instruments based on price.

These trading signals rely on price-movement scenarios that have been designed thoroughly and carefully. FXTM Trading Signals were developed by the ForexTime Head of Education.

These FXTM Trading Signals include 8 currency pairs, 3 market indices, and 3 commodities plus 3 popular technical indicators, and 2 scenarios. They also include 4 take-profit levels, 2 daily updates before the opening of the US and EU trading sessions, and protective stop-loss to protect your capital and minimize risk.

When you use FXTM Trading Signals, you can choose a strategy based on your trading style and risk profile. Thanks to the ability to use a protective stop-loss and choose profit levels, you can plan your trades. There is also the option to buy or sell as a way to boost profit potential.

Other Trading Tools

One of the innovative tools offered by ForexTime is FXTM Pivot Points Strategy which lets you identify the market sentiment immediately.

It lets you combine three popular indicators with five calculations for pivot points to improve your financial strategy.

There are 8 timeframes, real-time updates with commentary, a user-friendly interface, and downloadable pivot point indicators. Also, over 250 financial instruments, and MACD, moving averages, and momentum.

You can also find several useful trader’s calculators on ForexTime. These include a currency converter that lets you view the exchange rates at the moment for major FX pairs. It also lets you calculate foreign exchange rates of various currencies.

Another calculator is the FXTM Invest Profit calculator. This calculator has you input your investment amount, your expected profit, your profit share, and your gross withdrawal amount. This will give you the amount paid to the manager based on the profit share and the net withdrawal.

When trading with ForexTime on MT4, you can also take advantage of various trading indicators. These include an Orders Indicator, Pip Value Calculator, Pivots SR Levels, Spread Indicator, Market Data to CSV, and Day Bar Info Indicator.

Finally, ForexTime offers VPS hosting to allow for an enhanced trading experience. By using a Virtual Private Server, FXTM clients can enjoy a 99.9 percent operational connection time, an optimal connection speed.

They can also enjoy the ability to be unaffected by system errors, power outages, and connection cuts. Orders can run with minimal delay, lost data is quickly recovered, and the VPS works smoothly with a range of operating systems.

It is particularly useful for traders using Expert Advisors since it ensures the EAs can run all the time without interruption.

Educational Resources

ForexTime has a vast amount of educational resources on hand, including a section all about learning how to trade forex. This section explains the fundamental concepts within the forex trading industry.

There are free FXTM eBooks, including options for all skill levels from advanced traders to beginners. These are free for clients of FXTM.

They include Cryptocurrencies: Bitcoin, Bearish Japanese Candlesticks & Strategies, Bullish Japanese Candlesticks & Strategies, and The Road to Success: 50 Successful Traders’ Habits.

ForexTime also offers regular workshops and seminars for its clients. These take place around the world, with each telling you the language, location, and topic of the seminar or workshop.

There are at least several workshops or seminars every week, so there should be one that appeals to most clients.

For those who cannot attend any of the workshops or seminars, ForexTime also offers free trading webinars to its clients. These take place nearly every single day and are in a range of languages with a variety of topics. You can sort webinars by language if you want.

Other educational resources from ForexTime include the forex glossary, an introduction to forex trading, forex trading for beginners, a demo account.

There are also forex trading strategies, forex trading videos, general forex educational videos, and educational articles. Clients can also find tutorials on a range of subjects, and a periodic table with investment terms.

ForexTime Loyalty Program

ForexTime offers a loyalty program in the form of Loyalty Cashback. This program gives you withdrawable cash for your loyalty instead of virtual dollars or points with limited usability.

Throughout the Loyalty Cashback program, you work your way through five different rebate levels. As long as you remain in the promotion and continue trading, you receive continuous rewards for as long as six months. The five levels depend on the amount that you deposit.

To participate in the program, register your account with ForexTime. Then, go to MyFXTM where you will find the option to join the promotion.

After reading and accepting the Terms and Conditions, make a deposit and start receiving your weekly cashback for your trades.

For a limited time, as of the time of writing, FXTM offers Double Cashback for orders made via the FXTM Trader App. This offer is only valid for orders placed via the application and lasts until March 31, 2020.

ForexTime Customer Service

As mentioned before, more than 90 percent of the feedback from clients regarding ForexTime is positive. This is a very strong indicator that the company has great customer service and client satisfaction.

The customer support team delivers multilingual service, as do the Personal Account Managers. This lets FXTM appeal to native speakers of a range of languages.

ForexTime provides technical and trading support as well, exclusive privileges for VIP clients, and makes it easy to open accounts.

ForexTime offers live help at any time from within your account area, simply hit the chat icon and you can choose a live chat option including options for Telegram, Facebook Messenger, Whatsapp or request them to call you.

Is ForexTime Safe?

Overall, FT Global Limited always follows regulations strictly. Thus, emphasizing the protection and security of clients and their investments plus client fund safety.

In addition to the company’s international regulation, it practices segregation of client funds. This ensures the safety of client funds on the off chance that something should happen to FXTM.

All of the client funds are kept in EU banks of the top tier. FT Global never uses customer funds in any investment, including operations, to ensure the protection of fund at all times. FT Global also has multiple bank partnerships to add a level of security to client funds.

In terms of security, FT Global utilizes the SSL (Secure Sockets Layer) protocol for network security. This ensures that a secure connection is used for all communications with clients. It also protects customers during any transactions they conduct with the company and ensures all customer information remains private.

The encryption includes server authentication and user identification policies. Thus, ensuring the data gets sent to the proper server and customer terminal.

It also includes encryption of data transmission as a way to stop unauthorized third-party access and data theft.

Additionally, it includes keeping data integrity and ensuring all data stays unchanged throughout a transmission.

FT Global also prides itself on delivering full transparency. The company must periodically report to its regulators and always meets strict financial standards.


FXTM is in competition with similar brokers which have covered before, as follows:

ForexTime Awards

Over the years, ForexTime has earned a long list of honors and awards from a range of sources.

  • These include Best Online Forex Trading Company in Nigeria from the International Finance Awards and the award of Reputable Investor in Education Forex Broker from HEXUN.com.
  • Best Forex Education Provider Africa from International Business Magazine and Forex Brand of the Year 2020 China from FXEye.com.
  • Best Trading Conditions from World Finance and Best FX Broker Asia from World Finance too.
  • Best Forex Broker Russia from FXDailyInfo and Most Innovative Broker from FXEmpire.


ForexTime is an online broker offering a vast assortment of account types. It has competitive spreads, leverage of up to 1:1,000, and a wide range of instruments.

FXTM clients can trade via MetaTrader 4, MetaTrader 5, or the FXTM Trader application for mobile devices.

FXTM offers a range of different account options to suit most types of traders from beginners to pro, each has different pros and cons so make sure you take time to look at what each offers.

There is a free demo account you can take advantage of before committing your money to the broker so you can get a feel for how it works. The minimum deposit is just $100 when you want to start trading for real money.

There is a good range of instruments to trade including cryptocurrency CFDs and the usual Forex and shares option.

FXTM invest is an interesting addition for copy trading ( this isn’t available in the UK though) which not a lot of brokers, apart from eToro, include in their offering. This allows you to invest in a trader of your choosing and take a share of any profits they manage to generate.

FXTM does not have their own propriety trading platform, instead choosing to provide MetaTrader 4 & 5 as options. These are well establishes pieces of software so you should feel right at home with them.

Unfortunately, FXTM is not available to traders in the USA so these clients will need to find a different broker.

Overall, ForexTime is a very solid company with good regulations, competitive spreads and a well maintained platform. We can happily recommend them to you.

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