FXTM

ForexTime Limited, operating under the brand FXTM, is registered in Cyprus with a founding date of 6 April 2023. The official domain listed in our records is my.1668-ft.co. However, our independent verification found no verifiable website or social-media presence for this entity, which is a significant red flag.

In FXCanary's assessment, the absence of a live, verifiable web presence for a broker claiming to offer financial services is highly unusual and warrants extreme caution. Traders should be aware that legitimate brokers typically maintain transparent and accessible online platforms.

Our records list three regulators for ForexTime Limited: CySEC, FCA, and FSCA. Specifically, the CySEC licence (no 185/12) is for Market Making, the FCA licence (no 777911) is for Forex Execution (STP), and the FSCA licence (no 46614) is for Derivatives Trading. However, the status of these licences is marked as '—' in our records, indicating that we could not confirm their current validity.

We cross-checked these licence numbers against public registers where possible, but the lack of a verifiable website makes it impossible to confirm that this entity is the legitimate holder of these licences. The licence numbers are provided as per our records, but traders should independently verify them with the respective regulators.

FXCanary's Scam Risk Score for this broker is 85 out of 100, which is classified as 'Severe'. This score is driven by several critical risk flags: the broker is listed as a 'Fake Broker' in industry watchdog records, identified as a clone or impersonator firm, and has no verifiable website or social-media presence.

These flags indicate that the entity may be misrepresenting itself or operating without proper authorization. The combination of a high risk score and the absence of independent user reviews makes it impossible to recommend this broker to any trader.

Due to the lack of a verifiable website, we cannot confirm the specific account types, trading platforms, or instruments that ForexTime Limited offers. The broker's own claims are not available to us, and the web search results did not provide reliable information that matches this entity.

In the absence of such information, traders should treat any claims about account types or platforms with extreme skepticism. Legitimate brokers typically provide detailed information about their offerings, and the absence here is a major concern.

Similarly, we have no verified information about deposit or withdrawal methods, minimum deposit requirements, or processing times. The known facts do not include any such details, and the web results did not yield matching information.

Traders should be extremely cautious about providing any personal or financial information to this entity, as the lack of transparency around funding is a significant red flag.

Given the severe risk flags and the lack of verifiable information, it is unclear who this broker is intended for. If it is indeed a clone or impersonator, it may be targeting unsuspecting traders who are familiar with the legitimate FXTM brand.

In FXCanary's assessment, any trader who encounters this entity should exercise the utmost caution and avoid engaging with it until its legitimacy can be independently verified.