- Low minimum deposit
- No Dealing Desk (NDD) technology
- Deep interbank liquidity
- Expert Advisors / Logarithmic Trading allowed
Forex Time (FXTM) offer to their Clients Forex (Currencies), Spot Metals (Gold & Silver), Shares CFDs, ETF CFDs, CFDs on Commodity & CFDs on Index Funds Futures.
They are regulated by Cyprus Securities and Exchange Commission with CIF license number 185/12, Financial Services Board (FSB) of South Africa, with FSP No. 46614 and
Financial Conduct Authority of the UK with number 600475.
Forex Time keeps clients funds in segregated accounts in top-tier EU banks.
You can trade on platforms Metatrader 4 and 5, on PC, MAC, mobile or tablet, web versions and MultiTrading (manage multiple accounts from the same platform) also available.
Forex Time operates a True ECN model. They offer many account types (including Islamic account), you can choose from Standard and Cent with instant execution,
ECN MT4, ECN MT5, ECN Zero, FXTM Pro and Strategy Account, leverage varying from 1:1 to 1:1000.
In addition to high leverage, trade with low spreads, from 0.1 pips.
Minimum volume to trade is 0.01 lots – maximum depends on the account type
Currency – USD / EUR / GBP
Standard account – 100 $/€/£
Cent account – 5 $/€/£
Strategy Account – 100 $/€/£
ECN Zero – 200 $/€/£ ECN MT4 – 500 $/€/£
FXTM ECN MT5 – 500 $/€/£
FXTM Pro – 25000 $/€/£
Investment Account – 100 $/€/£
Forex Time commission is only charged on the (MT4) ECN Account and the FXTM ECN MT5.
On MT5,the commission is fixed at $4.00 per lot. ($2.00 when position opens and $2.00 when position closes)
On ECN MT4 account is calculated per lot at 4 units of the trading account Currency.
To get your trading account approved you must submit the following documents:
Proof of Identity Document (original, full image, color copy):
Passport/ National ID Card/ Driving License/
Proof of Address Document:
Utility Bill (Electricity/ Telephone/ Water) OR a Bank/ Credit Card Statement issued within the last 6 months
No mobile telephone bills and documents which contain a P.O. Box address.
DEPOSITS AND WITHDRAWALS
Deposit method Currency Fees / Commission Processing Time
Nigeria Local Bank NGN No Commission 1 Business Day
- Diamond Bank
- First Bank Plc
- Guaranty Trust Bank
- Keystone Bank
- Standard Chartered Bank
- Zenith Bank
For withdrawals you can use e-Wallets, bank wires transfers, credit/debit cards and local payment solutions.