ForexTime Ltd operates in 150 countries and offers traders a variety of trading options. Its Micro account suits novice traders, while experienced traders can use Advantage and Advantage Plus funds.
The broker is licensed by the Financial Sector Conduct Authority and CySEC (license number 185/12). Client funds are kept in segregated accounts, away from the company’s operational funds.
Forex is a legitimate market where currencies are traded, which makes it an excellent place to change for anyone looking for a reliable trading platform. However, scams still take advantage of the lack of regulation and high leverage positions to defraud people. TIRN, for example, promised returns of between 9% and 22% through a managed account but only invested in the client’s funds with no return.
If you are interested in trading Forex, it is essential to ensure your broker is regulated. This will help you ensure that your capital is safe and that any problems will be resolved quickly and efficiently. Traders should also be aware that many brokers keep their client money in segregated accounts to avoid potential conflicts of interest. If you are considering trading with Forextime, it is best to check whether they are regulated in your country. Alternatively, you can ask a trusted financial expert for advice.