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Forex Time

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Operating status: SCAM

Website: https://forextimeltd.com/

Broker violations and abnormal records
  • 2022-11-09 BrokersView has Reviewed that Forex Time is an Unregulated Forex Broker

    Forex Time claims to be owned and operated by ForexTime LTD, a leading brokerage in online financial trading established in 2011. However, when we checked its domain, we found it was newly created in 2022. So how could it start its business in 2011? It is a red flag here.

    Besides, Forex Time claims to be an authorized and regulated broker under a regulation issued by the Cyprus Securities and Exchange Commission (CySEC) with license CIF 185/12 and also registered with the Germany BaFin, FSCA of South Africa, and the Italy CONSOB. We indeed find match results to this company name in the above regulators' registries. But since BaFin, FSCA, and CONSOB do not provide the crucial regulatory details-domain. We can not be sure that this broker is the one operating under the trade name of ForexTime LTD. 

    What's more, when we searched in CySEC, we found the CIF license does belong to a company named "Forextime Ltd." But the only approved domain of the licensed company is "www.forextime.com/eu" instead of the one used by Forex Time (https://forextimeltd.com/). That means Forex Time may be a clone firm that falsely used the regulatory information of a CySEC-regulated firm.

    In addition, the Commissione Nazionale per le Società e la Borsa (CONSOB) added Forex Time to warning list on Mar 23, 2023, believing this broker is offering financial services illegally.

    The truth is, Forex Time is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    Forex Time claims to be owned and operated by ForexTime LTD, a leading brokerage in online financial trading established in 2011. However, when we checked its domain, we found it was newly created in 2022. So how could it start its business in 2011? It is a red flag here.Besides, Forex Time claims to be an authorized and regulated broker under a regulation issued by the Cyprus Securities and Exchange Commission (CySEC) with license CIF 185/12 and also registered with the Germany BaFin, FSCA of South Africa, and the Italy CONSOB. We indeed find match results to this company name in the above regulators' registries. But since BaFin, FSCA, and CONSOB do not provide the crucial regulatory details-domain. We can not be sure that this broker is the one operating under the trade name of ForexTime LTD. What's more, when we searched in CySEC, we found the CIF license does belong to a company named "Forextime Ltd." But the only approved domain of the licensed company is "www.forextime.com/eu" instead of the one used by Forex Time (https://forextimeltd.com/). That means Forex Time may be a clone firm that falsely used the regulatory information of a CySEC-regulated firm.In addition, the Commissione Nazionale per le Società e la Borsa (CONSOB) added Forex Time to warning list on Mar 23, 2023, believing this broker is offering financial services illegally.The truth is, Forex Time is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
  • 2023-03-22 The Italy regulator CONSOB added Forex Time to warning list

    The Commissione Nazionale per le Società e la Borsa (CONSOB) added Forex Time to warning list on Mar 23, 2023, believing this broker is offering financial services illegally: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-23-march-2023/718268

    The Commissione Nazionale per le Società e la Borsa (CONSOB) added Forex Time to warning list on Mar 23, 2023, believing this broker is offering financial services illegally: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-23-march-2023/718268
  • 2023-05-07 The Spanish regulator CNMV added Forex Time to warning list

    On May 8, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added Forex Time to its warning list for it providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

    On May 8, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added Forex Time to its warning list for it providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0
  • 2023-06-21 The Cyprus added Forex Time to its warning list

    On June 22, 2023, the Cyprus Securities and Exchange Commission (CySEC) added Forex Time to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=674cc20c-98ee-459e-8c71-8938ac092fab

    On June 22, 2023, the Cyprus Securities and Exchange Commission (CySEC) added Forex Time to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=674cc20c-98ee-459e-8c71-8938ac092fab
  • 2023-06-27 BrokersView discovers that Forex Time's website is unavailable

    Forex Time's website http://forextimeltd.com/ is currently not working, please beware of this situation and stay away from the scam broker.

    Forex Time's website http://forextimeltd.com/ is currently not working, please beware of this situation and stay away from the scam broker.

Related Complaints

Q&A

Is Forex Time regulated in any authority?

WASAY
Poland
2022-12-07
ANSWER Forex Time is not a licensed or regulated broker even though it states offers that look good to be true.Forex Time claims to be owned and operated by ForexTime LTD, a leading brokerage in online financial trading established in 2011. However, when we checked its domain, we found it was newly created in 2022. So how could it start its business in 2011? It is a red flag here.Besides, Forex Time claims to be an authorized and regulated broker under a regulation issued by the Cyprus Securities and Exchange Commission (CySEC) with license CIF 185/12 and also registered with the Germany BaFin, FSCA of South Africa, and the Italy CONSOB. We indeed find match results to this company name in the above regulators' registries. But since BaFin, FSCA, and CONSOB do not provide the crucial regulatory details-domain. We can not be sure that this broker is the one operating under the trade name of ForexTime LTD. What's more, when we searched in CySEC, we found the CIF license does belong to a company named "Forextime Ltd." But the only approved domain of the licensed company is "www.forextime.com/eu" instead of the one used by Forex Time (https://forextimeltd.com/). That means Forex Time may be a clone firm that falsely used the regulatory information of a CySEC-regulated firm.The truth is, Forex Time is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Forex Time and trade with licensed brokers.
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