de | cn | ru

Brokers News

FXTM Tightens Spreads and Lowers Commissions for All Forex Trading Accounts

Less than a week after launching its special summer “over-the-weekend” account type which allows customers to keep positions open without paying swaps, ForexTime (FXTM) has announced the introduction of even more new and improved trading conditions. The new deal bears the catchy name “You Better Believe It” and concerns swap rates and spreads in particular.

 

There are four main points to the “Better Believe It” trading conditions. First of all, FXTM is tightening the spreads of popular currency pairs, bringing them as low as 0.1 pips for the AUDUSD and EURCHF currency pairs (for ecn.mt4 accounts), and 0.5 pips for EURUSD (for standard.mt4 accounts). Of course, you need to keep in mind that these are just the minimal spreads for each account; typical spreads for all three of these pairs are around 1.2 pips.

 

The second change in FXTM's trading conditions is related to Limit ans Stop levels. Until now, the restrictions on the minimum distance allowed between these levels was between 2 and 5 times the size of the spread, depending on the pair. This restriction has now been changed to accommodate Limit and Stop placement as close as 0,5-2 times the spread of the pair traded, allowing for more flexibility.

 

Improvement number three is lower commissions for all ECN accounts according to their band category, as can be seen in the table below:

 

 

Although the table states the commission level is calculated according to account balance, FXTM has actually changes that as well, making the calculated account equity-based. The same type of alteration has been made to the way swap rate improvement is calculated as well – this will also be done based on account equity, not balance. This means that traders will have easier access to lower commissions and higher swap rate improvement.

 

Of course, while FXTM's are definitely an improvement, they do leave something to be desired, as I mentioned above. Not only are these spreads not as low as could be, platform choices could be better, as the only platform available at FXTM is the Metatrader 4 and 5 (MT 4 and 5). There are, however, other brokers out there that offer both low spreads and a choice of platform. For example, Liquid Markets' spreads for cTrader accounts start as low as 0 pips (for the Liquid Prime+ account) and 0.6 (for Liquid Prime accounts). Their average spread is 0.9 pips – quite the bargain, compared to FXTM's 1.2 pips. The conditions are also better for MT 4 customers who can enjoy fixed spreads from 0.9 pips. So, if asked, I must say I would advise any trader to explore other options. 

 

 

About ForexTime

 

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.

 

ForexTime Ltd has been granted a license as a Cyprus Investment Firm (CIF) by the Cyprus Securities and Exchange Commission (CySEC), license number 185/12.

 

TAGS: fxtm  swap rate  spread  trading conditions 

More news about FXTM

Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

More Forex Brokers News

FP Markets launches a suite of cutting-edge MT4 tools for traders

Mar 06 2019 14:31:42

  FP Markets, a market-leading Forex and CFD provider, launches MT4 Trader Toolbox, a suite of twelve online trading tools which will take their clients’ trading to the next level. Read more

Major broker IG launched its US website

Jan 31 2019 13:15:37

  Global brokerage IG launched its website intended for US retail clients (www.ig.com/us). Residents of the US (with the exception of those in Arizona or Ohio) can now register on the broker’s website in less than 5 minutes and start trading. Read more

FOREX.com announced important updates to its Web Trading platform

Jan 25 2019 15:13:43

  Major forex brokerage  Forex.com  proudly announced important updates of its in-house Web Trading platform, which will take your trading experience to the next level.   Accessible from all browsers and operating systems, Web Trading was launched in 2017. Read more

HotForex parent gets licensed by UK’s FCA

Jan 21 2019 12:31:59

  Less than a month after HotForex acquired license to operate in the UAE, the trading services provider gets an authorization by the Financial Conduct Authority of the UK. The UK subsidiary of the HF Markets Group, HF Markets (UK) Ltd. Read more

Rakuten Securities offers HK$700 prepaid cards as a welcome gift

Jan 18 2019 10:26:57

  Hong Kong forex broker Rakuten Securities offers up to HK$700 Spending Limit Prepaid Card as a welcome gift to new account registrants. Here are all the details you need to know about the company’s promotional offer, which is valid from now until the end of March 2019. Read more

XM applies for a forex dealer license in the US

Jan 11 2019 13:39:14

  The US subsidiary of major forex brokerage XM has applied for a membership with the National Futures Association (NFA). This became clear from a filing by the broker’s US entity Trading.com Markets Inc. (previously Trading Point US Inc.) with the NFA dated January 3, 2019. Read more

HotForex acquired DFSA license, commences operations in the UAE

Jan 08 2019 10:45:37

  HotForex is now licensed by the Dubai Financial Services Authority (DFSA) and announced it commences operations in the United Arab Emirates (UAE). The Dubai arm of the HF Markets Group, HF Markets (DIFC) Ltd., acquired the DFSA license in December last year. Read more

CySEC warns Efexa1000 is not licensed

Oct 22 2018 12:55:06

  The Cyprus Securities and Exchange Commission (‘CySEC’) officially warned investors that Efexa1000 is not authorized to provide investment services in the country. Read more

IG Group gets licensed in the USA

Oct 16 2018 13:48:15

  Major forex broker IG Group (IG) got a green light from the National Futures Association (NFA) to operate on the US retail forex market. The US arm of IG Group, IG US LLC, has just been approved as a NFA member and is officially registered as a Retail Foreign Exchange Dealer (RFED). Read more

ASIC adds HBC broker to its warning list

Oct 09 2018 11:14:03

  The Australian Securities and Investment Commission (ASIC) has updated its list of “businesses to be wary of” with HBC Broker – an unregulated company that is trying to confound its potential clients by giving out some correct details of leading forex and CFD ... Read more

de | cn | ru