16/03/ · As mentioned, FXTM Nigeria is an extremely affordable broker – the minimum deposit for a Micro account is just $ This account type does not have commissions but only allows you to open an MT4 account and subsequently has no options for trading Stocks, Stock CFDs, and Indices – these are only available on MT5 Many brokers are limited to one or two licenses, while FXTM is licensed on different continents by some of the most reputable commissions. There is no negative feedback from active traders towards the broker, which positions the broker as a reliable company for traders in 17/01/ · FXTM Nigeria (ForexTime) at a glance Regulation & Safety of Funds FXTM is a well-regulated forex broker, so trading with them can be considered safe. They are regulated with 1 Tier-1 regulator & 2 Tier-2 regulators & multiple Tier-3 regulators. Note that traders from Nigeria are registered under IFSC regulation at ForexTime.9/10
FXTM Review - Don't choose FXTM Nigeria before you read this!
They are licensed under numerous key regulators, including the likes of the Cyprus Securities and Exchange Commission CySECthe Financial Conduct Authority FCA in the United Kingdom, the Financial Services Commission FSC in the Republic of Mauritius and the Financial Services Board FSB in South Africa.
FXTM has achieved rapid global expansion, driven primarily by its desire to serve specific local markets with strong FX demand, is fxtm legit in nigeria. Since then, over 2 million people worldwide have chosen FXTM as their trading partner and thousands of new traders continue to join this platform every month.
The FXTM brand is a global leader in online trading, is fxtm legit in nigeria, bringing the opportunities of financial markets to global audiences, wherever they are and whatever their financial ambitions. This is a testament to their commitment to providing exceptional customer service, competitive trading conditions and — above all— an outstanding trading experience.
FXTM is the proud recipient of many prestigious awards as some the latest awards below:. One of the areas that FXTM has a lot of pride in is their diverse offering of account types. There are two main differentiating sections as part of their account type, being standard accounts and ECN accounts, tailored to different types of traders depending on their individual needs, investment goals and financial background. Standard accounts. Some of the features are listed below:.
ECN Accounts. MT4: Yes New. MT5: No. Demo Account They offer Standard, Cent, ECN and ECN Zero accounts in demo formats as a perfect way to experiment with different strategies and practice under real market conditions. These demo accounts are funded with virtual cash, meaning you can prepare yourself for real trading by building your skills with none of the risk but none of the profits either. How to open your account FXTM account opening is easy and fully digital.
The online application takes roughly minutes and our account was approved within one business day. Access FXTM. com Sign In page 2. Fill in Enter your personal data First and Last Name, Country of residence, email, phone, etc. You need to give your phone numberto which FXTM will send a PIN code 3. Fill out a questionnaire about your trading knowledge and financial background 4. Select the account is fxtm legit in nigeria you wish to open 5. FXTM Markets compared to similar Brokers. EU and Non-EU clients can lower the default leverage level of the products.
On the other hand, only a couple of options are available for example The maximum leverage size varies based on the product and the volume of your trade, as well as the account type you choose. Please note that different entities offer different instruments to trade with. What is available to you, depends entirely on your country of residence.
The MetaTrader 4 platform is still the most popular trading platform in the forex industry and it is very user friendly, is fxtm legit in nigeria, has a quality charting offering, supports many languages and is secure.
The MetaTrader 5 platform is an upgrade to MT4 and it is easier to navigate and has a wider range of technical indicators that you can use. Key differences between MT4 and MT5. Register Fxtm Account Open demo account. With this intuitive web-based trading solution, all you need is an internet connection! Simply log in to your FXTM account, select your preferred browser and start trading, is fxtm legit in nigeria.
The FXTM web trading platform has great customizability. You can easily change the size and the position of the tabs.
However, the platform feels outdated and some features are hard to find. For example, it is fxtm legit in nigeria some time until we found is fxtm legit in nigeria to add an asset to the watchlist, is fxtm legit in nigeria.
The Webtrader does not have a News Bar and is therefore adapted for use in trading with technical analysis only. If you want to trade with the news, the desktop versions are your best option. Placing orders You can use the basic order types. You will not find very sophisticated orders like the one cancels the other order.
The following order types are available:. Moble Trading Platform MT4, MT5 Both MT4 and MT5 have quality mobile apps that can be used on Android and iPhone devices. These apps can be downloaded from the respective app stores and they work just as well on mobile as they do on a desktop. Placing orders You can use the same order types and order time limits as the ones on the web trading platform.
They offer flexible terms for floating commissions on ECN MT4. The higher your equity and the larger your trading volume, the lower the commissions you pay. Please see details below. Commissions on ECN MT4. Commission on ECN MT4 is taken only when a position is opened, at double the levels listed in the table above accounting for both the opening and the closing of the position.
Since a clients total trading volume is calculated on a monthly basis, at the beginning of each month table-accordion commissions will is fxtm legit in nigeria charged at the highest level and should the trading volumes increase during the month it will automatically be reduced to reflect the volumes traded.
At FXTM, making deposits and withdrawals is simple and straight forward and hardly takes up any of your time. A very wide range of deposit and withdrawal methods are supported by FXTM. Account base currencies At FXTM, is fxtm legit in nigeria, you can choose from 4 base currencies: EUR, GBP, USD, NGN.
NGN is available only for Nigerian residents. This selection is almost the same as XTBs but lags behind XMs. Base currencies at FXTM vs similar brokers. Why does this matter? For two reasons. First, if you fund your account in the same currency as is fxtm legit in nigeria bank account, you are not charged a currency conversion fee. Second, if you trade assets in the same currency as your account base currency, you dont have to pay a conversion fee.
A convenient way to save on currency conversion fees is opening a multi-currency is fxtm legit in nigeria account. Revolut and Transferwise both offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.
Deposits There are local options, debit and credit card choices, e-wallet offerings and bank wire transfer. Popular e-wallets offered are Skrill and Neteller. Deposit processing times are almost instant when it comes to the e-wallets and it can take working days to process when you deposit is fxtm legit in nigeria a bank transfer. You can only deposit money from accounts is fxtm legit in nigeria are in your name. All clients, except for UK clients, can use FXTM Invest, a social is fxtm legit in nigeria service.
You can choose if you want to be an Investor or a Strategy Manager. Investors can copy Strategy Managers trades. When you select a Strategy Manager, you have the option to filter them based on risk level, success fee, all-time profit, etc. In reverse, professionals may become managers and gain extra income by being copied. Is fxtm legit in nigeria are numerous ways in which you can get in touch with a member of the FXTM customer support team.
You can choose from live chat, email, telephone and social media. Besides live chat, you can also chat with FXTM through WhatsApp, Viber, Telegram and Facebook Messenger. They offer local support in many of the key countries in which their traders are located within, such as: Arabic, Czech, Chinese, English, Farsi, French, Hindi, Indonesian, Italian, Korean, Malaysian, Polish, Russian, Spanish, Urdu and Vietnamese.
it is easy to get in touch with a team member that can help to quickly resolve your issues. The FXTM customer support desk is available 24 hours a day, on regular weekdays. You also have the option of looking through their comprehensive FAQ section which could very well have the answer to your question. There is a lot of comprehensive research conducted by FXTM on a daily basis for both technical and fundamental analysis. They have a team of experts in place who provide daily videos and blog post, as well as in-depth reports every quarter.
In terms of their education resources, is fxtm legit in nigeria, there are regular webinars and many tutorials available for all levels of traders to benefit from. It covers a lot of the bases you need when it comes to trading. There are also regular seminars and workshops conducted across the world. Trading ideas FXTM provides trading ideas based on technical tools. You can find them in MyFXTM, under Trading Services, and within that the FXTM Trading Signals section.
FXTM is well respected in the industry and this is reflected by the many awards they win on an annual basis. They are overseen by well-respected regulators and their platforms are very easy to use for beginners, as well as providing everything a more experienced trader needs.
Few firms have entered the forex brokerage market with such a flourish as FXTM did. This management team understands what it takes to please a highly demanding global clientele. Overall, FXTM has a quality offering in most aspects. They have many different account types so you can find what suits your needs the best, they have competitive spread and a decent offering of instruments. The range of options by which traders can get in touch with customer support is outstanding. They have an abundance of banking options and regular processing times.
There is a decent level of customer support and the trading platforms are industry standard. The loyalty programme is also an advantage, as a direct discount is applied to every trade, bringing a fast reward.
ForexTime review 2022 - Is FXTM a Scam (or Legit Broker)
, time: 7:31FXTM Nigeria Review - �� 9 Pros and Cons for Nigerian traders
20/11/ · FXTM Nigeria Review FXTM Nigeria is a popular forex broker that is well regulated with multiple top-tier regulators. But their trading & non-trading fees is higher compared to other brokers. Open Account Note: Forex & CFD Trading is Risky. ForexTime (FXTM) is a popular forex & CFD broker that was founded in Broker Name: FXTM Nigeria 10/11/ · This model of trading is rather controversial, since it allows for scam brokers to manipulate the platforms they have to appear more legitimate – but that is not the case with FXTM Nigeria, so there is nothing to worry about – the feature is perfectly safe! FXTM Nigeria deposit and withdrawal methods and fees 5 steps of FXTM account opening in a few minutes: 1. Access blogger.com Sign In page 2. Fill in Enter your personal data First and Last Name, Country of residence, email, phone, etc.. You need to give your phone number, to which FXTM will send a PIN code 3. Fill out a questionnaire about your trading knowledge and financial background 4
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