de | cn | ru

Brokers News

FXTM Waves Swaps Goodbye for the Summer

Jun 04 2013

It seems like it was only yesterday that we were talking about Alpari's "Goodbye to Swaps" promotion and the subsequent introduction of the new "Weekend Fee" account type... oh, wait, it was actually just yesterday! Well, guess what – ForexTime (FXTM) has now decided to follow suit and instate a similar account of its own.


FXTM's version is called an "over-the-weekend" account and will be available all summer, until August 31. In order to take advantage, a customer needs to open a brand new account and request to be registered in the promotion. Each trader is allowed no more than one over-the-weekend account, and the promotion only applies to FXTM Standard Accounts. Once the account is opened, approved and registered, the user can trade as they like, leaving positions open overnight without paying any fees. Each Friday, however, an over-the-weekend commission will be charged per every 0.01 lot for all open positions in the account. According to the official Terms and Conditions posted by FXTM, the commission amounts will be as follows:



This means that holding a single lot position in EURUSD open all week long will only cost you $20 in commission fees – a somewhat better deal that Alpari's $35 offer. But, just as we pointed out yesterday, there is a major setback to be found in the fact that the over-the-weekend promo does not allow for positive swaps. A positive swap is what you get when, instead of having to pay a certain amount of interest for keeping a position open overnight, you receive some money. Obviously, this will not be happening if you decide to take part in this particular promotion.


Of course, since FXTM is the brainchild of Alpari's own founder, it's really no wonder the two have similar offers. It's also no wonder that I will once again give out the same advise I did yesterday: do the math carefully before you sign up for anything. Nonetheless, I must admit it's very pleasant to see the way FXTM has been caring for its customers' needs over the past few weeks, introducing new tools and instruments to trade. It sure looks like those guys are gearing up for a profitable summer!



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  swap-free  swap-free account 

More news about FXTM

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$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
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

More Forex Brokers News

FC Barcelona and FBS Sign New Global Partnership Agreement

Jan 17 2020 13:05:55

Broker specializing in online trading becomes club’s Official Trading Partner for four years, through 30 June 2024. Read more

FP Markets adds Autochartist to its list of analytical tools

Jan 13 2020 17:56:25

FP Markets, one of the leading brokers in Australia and a trusted global Forex and CFD broker, has added yet another instrument to its long list of trading tools  - the Autochartist - an online technical analysis tool which scans the market to provide detailed breakdowns across a wide range of ... Read more

FBS clients grow to over 14 million in 2019

Jan 07 2020 18:15:13

FBS, one of the leading players in the forex industry, published its annual report for 2019, celebrating its 10th birthday and 14 millionth client in some 190 countries around the globe. Read more

#FBS2020: FBS Gives Away Lucky Gift Boxes In A New Year Promo

Dec 09 2019 14:36:59

As many companies out there, FBS broker finishes off its year with a New Year promotion for its clients. At the end of 2019, they are offered to create a fancy Thank You e-card for their loved ones and get a gift box full of nice surprises. Read more

Trip For Pip: FBS To Launch A Quest Game For A Trip To London, Tokyo, Or Dubai

Oct 29 2019 14:09:54

FBS broker starts its new marketing campaign, and it has already attracted many eyeballs on social media. The promotion is called “Trip for Pip,” and it is very engaging for several reasons:    a) it’s playable;  b) it features a dream trip for two as the main prize. Read more

HYCM tops the list of brokers with highest percentage of winning clients

Oct 23 2019 12:12:59

The importance of choosing a reliable broker is paramount to trading. Most traders have given a serious thought to the security of their investments and these concerns are increasingly common in this highly competitive market. Read more

FXCM expands its crypto offering with CryptoMajor baskets

Oct 14 2019 14:49:01

  Major forex broker FXCM Group enhances its CFD offering with the launch of CryptoMajor- cryptocurrency baskets, which will allow its clients to trade in to multiple digital assets in one go. Read more

FXTM Launches 30% Welcome Bonus

Aug 06 2019 13:38:53

  As part of FXTM’s mission to provide clients with an exceptional trading experience, the international broker has launched its latest offering – the 30% Welcome Bonus!   This promotion, available under Exinity Limited, boosts your account by an extra 30% when you deposit $100... Read more

XM parent actively prepares for the launch of its US brand

Jul 03 2019 14:19:28

  Trading Point Group, the owner and operator of the XM brand, actively prepares for the future launch of its US brand Read more

FBS Invites 20 Best Partners To a VIP Party

Jul 02 2019 15:04:24

Partner parties is a great way to get to know company’s local promoters and celebrate loyalty, motivation, and cooperation. In 2019, FBS broker launches the FBS Stars contest with a round trip flight to Russia’s second largest city and a VIP party invitation as a prize. Read more

de | cn | ru