de | cn | ru

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
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $5 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, South Africa, UAE CySec, FSCA, FSC MT4, MT5, Web $5 Review Website
Cyprus CySEC MT4, Web $25 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website

More Forex Brokers News

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

FBS wins ‘Best Copy Trading Application Global-2018’ award

Oct 05 2018 16:22:13

The prestigious “Best Copy Trade Application 2018 Global” award went to FSB  for their innovative CopyTrade platform. Read more

Capital Index renounced its CySEC license

Oct 03 2018 13:24:56

  It seems that global online brokerage Capital Index is the next to voluntarily renounce its Cypriot Investment Firm (CIF) license. Read more

FBS celebrates its 9 millionth trader

Sep 19 2018 17:17:28

After celebrating their 7 millionth million trader in March 2018, now just 6 months latter, FBS reached yet another milestone – their lucky 9 millionth trader is Jean Sales De Souza from Rio de Janeiro, Brazil. Read more

XTB fined $2.7 million by Poland’s financial regulator

Sep 19 2018 11:31:55

  The Polish Financial Supervision Authority (KNF) punished X-Trade Brokers (XTB) with a PLN 9.9 million ($2.7 million) fine for asymmetric price slippage on Tuesday. Read more

TD Ameritrade allows its clients in Singapore to trade via Messenger

Aug 27 2018 15:14:51

  Singapore branch of American brokerage firm TD Ameritrade announced on Sunday that its clients in are now able to make trades and access market information through Facebook Messenger. Retail investors in Singapore will have yet another way to access the U.S. Read more

de | cn | ru