Reported as a scam / unregulated
Why Forex Time is on the register
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.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you to the right next step. A free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.