Cyprus-regulated forex broker FXTM introduces stock CFD trading account

Cyprus-regulated forex broker FXTM introduces stock CFD trading account


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Cyprus-regulated forex broker ForexTime, or FXTM, said on Tuesday it has launched a new type of trading account for trading in contracts for difference (CFDs) on shares called FXTM Shares Account.

The move is in response to traders’ increasing interest in shares trading.

The broker’s clients will be able to trade contracts for difference (CFDs) on shares only through this type of account. Due to this, no new positions of stock CFDs on other FXCM accounts could be opened from 22 March, 2016. All existing open positions of this type must be closed prior to 5 April, 2016 or else they will be will be closed by FXCM at the last price on that day.

FXTM allows access to stocks of companies listed on the NASDAQ and NYSE exchanges, or more than 180 US shares. The broker intends to expand its offering in the near future.

FXTM clients who choose the new account type can trade with a minimum initial deposit of USD/EUR/GBP 100 with spreads starting from 0.1 pips and margin rate of 3-10%, depending on the symbol they chose. Both live and demo trading is available.

FXTM now offers eight types of trading accounts – Share accounts, Standard and Cent accounts, as well as four typrd of ECN accounts – ECN, ECN Zero, FXTM ECN MT5, Strategy, and FXTM Pro accounts. All accounts can be funded in one of three currencies – US dollars (USD), Euro (EUR), or British pounds (GBP). More information about the trading condition of the three accounts follows:

FXTM standard accounts

FXTM ECN account

Cyprus-based FXTM offers trading in more than 100 instruments, including forex, spot metals, and CFDs on stocks, commodities, and exchange traded fund (ETFs). It serves retail and institutional clients alike and supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.

The broker is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), which allows it to provide its services in all EU countries.

Source: FXTM

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