Forex Time, or FXTM
, the Cyprus-based broker that only recently celebrated its first anniversary, is continuing to boost its service line-up and today announced the launch of Fixed Spread accounts.
Although FXTM already offers fixed spreads on some of its other account types, such as the FXTM Cent
accounts and FXTM ECN MT5, the broker has decided to release a separate type of an account whose owners will enjoy the perks of these spreads.
The Fixed Spread account comes along with no requirement for a minimum deposit and a maximum leverage of 1:500, which can sufficiently enhance your trading power. You can trade a raft of trading instruments, including precious metals. The spreads are acceptable, they are lowest for the EUR/USD pair at 2.1 pips and are highest at 19 pips for EUR/NZD.
Although the size of the spreads may loom significant to some of you, bear in mind that the fixed spreads are named so for a reason – they are not susceptible to the influence of market fluctuations during news releases, for example. No wonder then that the broker advertises the new sort of accounts as worry-free one, it actually allows you to trade without any stress. Moreover, this type of accounts is highly suitable for those who use expert advisors (EAs) – the Forex robots that make money for you on the Metatrader 4 (MT4) platform.
By the way, before you opt to open a Fixed Spread account with FXTM, make sure to update your MT4 terminal and trade with the latest version.
The introduction of the Fixed Spread accounts comes just a week after the ambitious FX broker launched Cent accounts and a couple of months after it boosted the leverage on Standard accounts to 1:1000
. As you can see, the broker is rather active and we eagerly anticipate its future product enhancements and innovations.
To those of you, who (for some reason) shun FXTM's latest offer but would like to trade with fixed spreads, here is a list
of FX brokers offering trading with these sort of spreads.
Led by Mr Andrey Dashin, founder of Alpari, ForexTime Ltd is committed to providing the tools and support to ensure maximum performance for traders. ForexTime Ltd will offer trading and other investment services in Forex, commodities, precious metals, shares, indices and other financial instruments.