FXTM Review: A Nigeria-focused forex broker, regulated by CySEC

FXTM: Click for a special offer

Stemming out of Cyprus, ForexTime, a.k.a. FXTM, is a global and award-winning broker with clients from over 180 countries.

FXTM offers more than 240 instruments to trade in, including a number of currency pairs and various CFDs (plus shares CFDs reinforced by a direct connection to the NYSE and NASDAQ). What is more, clients of this broker may choose from market and instant execution, MetaTrader 4 and MetaTrader 5 trading platforms, and a wide range of trading accounts.

 

Regulation: CySEC (Cyprus), FSB (South Africa)
Although under the European MiFID regulations, all CySEC regulated brokerages are free to operate in any EU Member State, FXTM is officially registered with a number of EU regulators: UK’s FCA, Germany’s BaFin, Italy’s CONSOB, France’s AMF, Spain’s CNMV and Norway’s FSAN.
Online since: 2011
Trading model: NDD (Dealing desk on Mini accounts)
Trading platforms: MetaTrader 4, MetaTrader 5
Min. Deposit: $5
Min. Trade size: 0.01 (micro lots)
Max. Leverage: 1:1000 (also available for ECN accounts as of September 1, 2016);
Bonus: Loyalty cashback rebates from $2 to $5 per lot, depending on clients’ deposit value.
Website: www.forextime.com

Cost of trading

Spread: Floating, varying by account type
– averaged 1.5 pips on EUR/USD on commission free Standard account
– averaged 0.5 pips on EUR/USD on ECN MT4 account + commission
Commission: $2 per standard lot (per side)

Latest news about FXTM

FXTM Review: 5 facts to consider (February 2023)

Following its exponential growth on the European market and beyond, it would not be an exaggeration to say that FXTM quickly became

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FXTM adds cryptocurrency CFDs to porftolio

EU forex broker FXTM announced it is introducing cryptocurrency CFDs to its portfolio. The new instruments include the three of the most popular cryptocurrencies:

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FXTM launches customer support via Telegram

EU forex broker FXTM announced it is launching a customer support channel via the Telegram Messenger platform. The chat option has been

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FXTM becomes sponsor of tennis star Dominika Cibulková

EU forex broker FXTM expands its list of sports sponsorships with the addition of tennis star Dominika Cibulková. This is the most

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FXTM merges ECN Zero and Strategy Accounts

FXTM, a Cyprus-regulated forex and CFD broker said it is extending the services available to clients with ECN Zero and Strategy Accounts.

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FXTM now accepts deposits in Bitcoin

FXTM, a Cyprus-regulated forex and CFD broker, announced it has added the cryptocurrency Bitcoin as a deposit option. The option is made

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FXTM adds Estonian Versobank as payment option

FXTM, a Cyprus-regulated forex broker, announced it has added the Estonian Versobank as a deposit and withdrawal option for its clients. According

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FXTM becomes sponsor of IndyCar driver Ed Jones

FXTM, a Cyprus-regulated forex broker, announced it has become the sponsor of rookie IndyCar driver Ed Jones. “Racing is fast-paced,” says Martin

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FXTM launches own trading signals

FXTM (ForexTime), a Cyprus-regulated forex broker, announced it is launching its own trading signals for its clients. They were developed by FXTM’s

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FXTM adds withdrawals, deposits in THB via MyPay for Thai clients

Cyprus-regulated forex broker FXTM has enabled clients in Thailand to withdraw or deposit funds from their trading accounts using e-payment service provider

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