Forex

Brokers News

Forex Time Launches Commission-Free ECN Zero Accounts

Forex Time, or FXTM, the Cyprus-based  FX broker that only recently marked its first anniversary is continuing to enrich its service offering and has just launched commission-free ECN Zero accounts.
 
You are perhaps aware that commissions are among the disadvantages of ECN accounts, as these mark-ups are source of income for the brokers. But FXTM has eliminated this disadvantage by extending the ECN accounts without the need for the trader to pay any commissions whatsoever on the ECN Zero accounts. For comparison, the normal ECN MT4 accounts by this broker imply a commission of $5-$20 per 1 million currency units traded. And I cannot miss telling you that until the end of the year, you can trade commission-free with FXTM's ECN MT5 accounts too.
 
But back to the subject of our current interest – the ECN Zero accounts. I had expected that these accounts to involve a very high initial deposit requirement, something normal for ECN accounts – but FXTM proved me wrong, as there is no such requirement at all. 
 
Add to this the ability to trade with 38 currency pairs and spot Gold and Silver, as well as a floating leverage of up to 1:500 and variable ultra-tight spreads starting from 0 pips, and you'll realize how lucrative the proposal is. 
 
And I almost forgot to inform you that Islamic traders can make use of ECN Zero too, as FXTM offers ECN ZERO Amanah. As you know, Islamic accounts are swap-free accounts which involve some other form of charge from which the broker can benefit. In the case of FXTM, owners of ECN Zero Amanah accounts share from 2% to 7% of their profitable trades with the broker, with the percentage depending on the balance of the client's account. 
 
If (for some weird reason) you cannot or do not wish to take advantage of FXTM's proposal, but you'd still like to open an ECN account, you can check our comprehensive list of Forex brokers offering ECN execution here.
 

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: fxtm  forex time  fxtm forex broker  fxtm accounts  ecn execution  ecn accounts  ecn zero  commission-free accounts  no commissions forex  islamic accounts  ecn zero amanah  forex trading 

More news about FXTM

Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
UK, Australia FCA, ASIC MT4, Web,
Mirror Trader,
Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
UK, Cyprus FCA, CySEC MT4, MT5,
cTrader,
SuperTrader,
FxPro Markets
$100 Review Website
Cyprus CySEC MT4, MT5,
cTrader
$300 Review Website
Belize IFSC MT4, MT5 $100 Review Website
UK, Cyprus, Bulgaria FCA, CySec, FSC Web $150 Review Website
Seychelles FinaCom MT4 $10 Review Website
Belize IFSC MT4, Web $500 Review Website
Cyprus CySEC MT4, Web $25 Review Website
Belize IFSC MT4, MT5, Web $1 Review Website
Cyprus CySec MT4, Web, Gwasy $100 Review Website

More Forex Brokers News

Canada's BCSC warns cfdcapmkt.com is unlicensed

May 29 2017 14:13:00

The British Columbia Securities Commission (BCSC), the financial markets and services regulator of the eponymous Canadian province, has published a warning that the forex broker CFD Capital Markets is not licensed to provide financial services in British Columbia. Read more

FXTM becomes a sponsor of rookie IndyCar driver Ed Jones

May 26 2017 12:42:01

Unlike most forex and binary options brokers that ink sponsorship deals with football teams, FXTM is into more adrenaline-driven sports. The broker today announced yet another sponsorship agreement– with rookie IndyCar driver Ed Jones. Read more

FXChoice comes up with a new loyalty programme, Pips+

May 25 2017 07:13:15

As a part of its continuous effort to update its services and offer better trading conditions, forex broker FXChoice launches of Pips+, its new loyalty programme. Pips+ is designed to reward the most active traders by reducing their trading costs up to $1.5 per standard lot on EUR/USD. Read more

Forex

ThinkMarkets buys mobile app Trade Interceptor

May 23 2017 11:21:40

Leading global brokerage ThinkMarkets announced on Tuesday it has acquired Trade Interceptor, which currently is one the world’s fastest growing mobile trading apps. Read more

Spain’s CNMV warns against non-regulated TradeV, among other brokerages

May 22 2017 14:30:34

Spain’s financial watchdog, the Comision Nacional del Mercado de Valores (CNMV), has issued warnings against TradeV (tradev.com), and several other unregulated forex and binary options brokers. Namely, these are TorOption (toroption.com), OptionCM (option-cm.com), 53Option (53option. Read more

Forex.com to launch affiliate program

May 17 2017 07:51:31

Gain Capital, the largest forex broker on the US market, announced the launch of new affiliate program, called GAIN Affiliates. This is a performance based program offered to affiliate partners of multiple retail trading brands of Gain Capital - CityIndex & Finspreads first, and Forex. Read more

Global Brokerage announces poor financial metrics for Q1, will probably delist from the Nasdaq

May 16 2017 08:01:39

Global Brokerage, Inc. (formerly FXCM Inc.) released on Tuesday poor financial metrics for Q1 of 2017, which are hardly surprising after the company’s dramatic exit from the US market. Read more

Windsor Brokers adds CFDs on currencies and metals to product portfolio

May 15 2017 11:53:07

Windsor Brokers, a Cyprus-regulated forex and CFD broker, announced previous week that it launches CFDs on currency futures and metals to its MetaTrader 4 account. Read more

IG starts offering retail IPOs on investment platform

May 04 2017 13:40:53

IG, one of the largest forex, CFD and spread betting (UK only) brokers said it starts offering retail IPOs on its Investment Platform. Read more

IG changes margin requirements, tiering structure

May 03 2017 08:37:26

IG, one of the largest forex, CFD and spread betting (UK only) brokers, informed its clients that it is lowering the margin requirements on some of the tradable instruments in its portfolio – the Japan 225 index, spot gold and some forex pairs. Read more

Forex