Exactly on the date, on which the brokerage’s 6-month Loyalty Cashback forex program expires, FXTM launches a Refer-a-Friend program, under which existing clients can earn up to $10,000. The promotion is available for holders of all FXTM account types, except PAMM.
Cypriot forex broker ForexTime, or FXTM, regularly organizes various promotions and trading contests, as it strives to offer its clients the best trading opportunities. The latest offering enables FXTM’s customers to get $25 for each friend they bring to the company as live account holder. Keep in mind that the minimum initial amount required to open an account with FXTM is just $5.
Referrers will receive the awarded bonus amounts on a weekly basis in their trading accounts and the good news is that they can withdraw them. The maximum amount a trader can get from bringing new clients to FXTM is $10,000.
Investors can access and manage their referrals via the broker’s client area MyFXTM. They can receive their unique Referral URL, track their current and past referral progress, track the status of pending referrals, and look up how much they’ve earned.
There is no doubt that this brokerage is a generous one. The previous promotion launched by FXTM – the Loyalty Cashback forex program - enabled traders to get back from $2 to $ 5 per lot, depending on their deposit amounts. Besides, earlier this year the broker organized a demo forex contest with $ 6000 prize pool, as well as a live forex contest with $100 000 prize pool.
Based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC), 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.
Earlier this year, the broker acquired a license from the Financial Services Board (FSB) of South Africa. It has also set up a London-based unit.