Award-winning international forex broker FXTM introduced an innovative solution for investors who lack advanced knowledge of the industry or simply don’t have the time to trade themselves – a Strategy Account. It is part of the broker’s proprietary FXTM Invest program, initially launched in October 2015, providing investors with the opportunity to put their funds to work by following the strategies of skillful Strategy Managers.
Joining the program is easy, no downloads are involved. One simply has to select a Strategy Manager, register with FXTM, and fund his or her account after approval. The minimum initial deposit required for the investment account is just $100 and Strategy account holders are able to benefit from leverage up to 1:200, and tight spreads, starting from 0.3 pips. They only have to pay a fee to the Strategy Manager of their choice, which starts from 10%.
Once selected, the Manager’s trades will be automatically copied on the Investor’s account. Investors, however, have full control over their accounts, from selection and deselection of Manager and investment amount to easy access monitoring and the ability to deposit withdraw funds instantly.
Strategy Managers, on the other hand, can showcase their skills, get Investors to subscribe to their strategy, and earn some extra money. They may charge subscribers at a rate of their own choosing.
Investors can check out all Strategy Managers available on FXTM Invest and decide which one meets their financial needs and risk tolerance by viewing the managers’ profitability, risk levels, drawdowns and fees.
FXTM is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC), which allows it to provide its services in all EU countries. Earlier this year, the broker acquired a license from the Financial Services Board (FSB) of South Africa and has also set up a London-based unit.
FXTM offers trading in more than 100 instruments, including forex, spot metals, and CFDs on stocks, commodities, and exchange traded fund (ETFs) on both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.