Brokers News

FXTM Attracts Forex Traders with Cent Accounts

Forex Time (FXTM), an FX broker based in Cyprus, today delivered an exciting piece of news: it now offers its clients to open cent accounts.
 
As most of you know, cent accounts are such that the deposit (and all other money parameters) are measured in cents, instead of dollars. Let's illustrate this concept with an example: 
 
Say that you deposit $100 into your cent account. Then what will be displayed as a balance will be 10,000, because that's the amount in cents. Note that even a small deposit looks quite large now.
 
I personally recommend cent accounts for traders who use capital-demanding strategies, such as the Martingale method: it's useful for them to first check how the strategy works with big amounts of money that actually are... not so big.
 
 
FXTM offers some very lucrative conditions for its cent accounts: let's start with the fact that there is no requirement for a minimum deposit and that you can trade with micro-lots (0.01 of the standard lots). At this point, the offer should have become quite attractive for newcomers to FX or to those that don't have substantial resources for trading. I almost forgot to mention that the maximum leverage is at whooping 1:1000
 
If you're interested in cent accounts from other brokers, I'd mention the FixCent account from RoboForex, which comes with no requirement for a minimum deposit, zero commissions and instant execution. A popular choice are the cent NDD accounts by Forex4You which require a minimum initial deposit of $1, the execution is rather fast and the trading is easy with micro lots. Choice is yours, fellow traders.
 

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.
TAGS: forex time  fxtm  forex time broker  fxtm forex broker  forex accounts  forex cent accounts  leverage  leverage 1:1000  micro lots  forex trading 

More news about FXTM

Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
US, UK, Australia CFTC/NFA, FCA, ASIC MT4, Web,
Mirror Trader,
Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA MT4, Web,
ProRealTime,
2Dealer
$1 Review Website
UK, Cyprus FCA, CySec MT4 $5 Review Website
UK, Cyprus FCA, CySEC MT4, MT5, Web,
cTrader,
SuperTrader,
FxPro Markets
$100 Review Website
Seychelles FinaCom MT4 $10 Review Website
UK, Bulgaria FCA, FSC Web $150 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySEC MT4, MT5 $300 Review Website
New Zealand FMA MT4 $1000 Review Website
Belize IFSC MT4, Web $500 Review Website

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