Cyprus-regulated forex broker ForexTime, or FXTM, said on Thursday it has launched a VIP program in partnership with e-payment systems Skrill and Neteller.
Traders that use either Neteller or Skrill can take benefit from a number of exclusive offers, including free MasterCard with their e-payment service provider (Neteller or Skrill), a fully verified account with no deposit and payout limits, as well as a dedicated 24/7 support (Netteller clients can also take use of the services of an account manager).
In addition, traders with FXTM who use Skrill would be provided free Skrill security token as well as lower forex fees. Meanwhile, Neteller VIPs can open a multicurrency account and receive higher daily ATM withdrawal limits when using their Neteller MasterCard.
In addition to Skrill and Neteller, FXTM clients can use a number of other payment methods, including bank cards Visa, MasterCard, Maestro and China UnionPay, as well as bank transders and several online payment systems – WebMoney, Qiwi, Payza, Yandex.Money, Dotpay, Wester Union Quick Pay, Alfa-Click, and Alipay.
FXTM is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC), which allows it to provide its services in all EU countries. Earlier this year, the broker obtained a license from the Financial Services Board (FSB) of South Africa. It has also set up a London-based unit, but it has provided no information at the time as to whether it plans to acquire a UK license.
The broker offers trading in more than 100 instruments, including forex, spot metals, and contracts for difference (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.