Fxtm bonus 2021
The three currencies that are available in this field are the USD, EUR, and GBP, all available worldwide.
Actual forex bonuses
If you happen to be a nigerian trader, this is where the only exception also exists. You can be facilitated to trade with NGN as your base currency. FXTM cryptocurrency deposits are available though this applies outside europe only. Deposit can be made with bitcoin, litecoin, dash, or ethereum and there are no FXTM commission fees. The process can take up to 24-hours to complete.
FXTM minimum deposit guide (2021)
Trading with FXTM? The first thing you will need to check out is our FXTM review.
Once you have done this, you will be ready to take a deeper dive into the FXTM features and options. These include all of the FXTM account types and how they are funded.
This is exactly what we have prepared in the following information. Here you can learn all about the FXTM minimum deposit, how to fund your account, and how both of these things impact your trading depending on your area.
Table of contents
90% of retail CFD accounts lose money
FXTM account base currency
An important point to note right away is that FXTM is not available in the USA at all. Aside from that, the base currency, or the currencies that you can trade are the same all around the world.
The three currencies that are available in this field are the USD, EUR, and GBP, all available worldwide. If you happen to be a nigerian trader, this is where the only exception also exists. You can be facilitated to trade with NGN as your base currency.
FXTM funding methods
As a top forex broker with traders from all around the world, there are a variety of funding methods available to FXTM traders as you would expect. Here we will chart all of these methods and the key features of each:
Credit card
FXTM credit card deposits are widely accepted and available all over the globe. Payments in the form of visa, mastercard, and maestro are all accepted. The minimum deposit with FXTM in these cases is 5 USD/EUR/GBP depending on your location and choice of base currency.
When it comes to the processing time, this is usually instant in most parts of the world. It can take up to 2 hours within europe, and there are no FXTM commission charges to worry about at all.
Skrill
Another FXTM deposit method which is available and widely utilized is skrill. This method is available worldwide and facilitates deposit in USD, EUR, or GBP depending on your preference and requirements. PLN and CZK are also accepted.
Again through this method, no minimum deposit applies and there is also a 2-hour processing period if you are located within europe. Through this deposit method though, a fee of 3.9% commission is applied to deposits.
The service is also available if you are residing in south america though only USD are accepted from this location and the processing time increased to 1-2 days.
Neteller
Another popular ewallet deposit option available is neteller. Again this method is available worldwide facilitating deposit in USD, EUR, GBP, INR, PLN, and NGN. There is an FXTM minimum deposit amount of 5 USD, EUR, or GBP; 20 PLN, 400 INR, or 1000 NGN and a commission of 3.9%.
The processing time for this deposit method is 2 hours within europe and instant for the rest of the world.
Cryptos
FXTM cryptocurrency deposits are available though this applies outside europe only. Deposit can be made with bitcoin, litecoin, dash, or ethereum and there are no FXTM commission fees. The process can take up to 24-hours to complete.
Other methods
There are of course other FXTM deposit methods available where required. These tend to be more localized and will vary with your location. Typically the prime method among these is a local bank transfer. These are particularly common within some asian and eastern countries. Nigeria, indonesia, thailand, malaysia, and pakistan are among the countries which are accepted for this type of deposit which can be completed within 1 business day and with no FXTM commission.
With dozens more minor methods available depending on the place, the final major method to mention is western union which is available again with no minimum deposit and a processing time of 1-2 days in USD only.
90% of retail CFD accounts lose money
FXTM minimum deposits
Having taken a look at the variety of funding methods, let’s look in more detail at the FXTM minimum deposits as they apply to the various account types.
These minimum deposits are the same all around the world, and every account which you are about to see mentioned is also available to have an islamic account where needed (which is mostly the case with every forex trading low minimum deposit brokers).
FXTM standard
The FXTM standard account type is the regular account type used by a lot of the brokers retail traders. This account has a minimum FXTM deposit of 100 USD/EUR/GBP or 40,000 NGN depending on your base currency and location.
FXTM cent
The FXTM cent account as you can likely tell from the name is available to trade small amounts of money with and is ideal for new FXTM traders looking to gain some top forex broker experience.
This account type has a suitably low minimum deposit amount of 10 USD/EUR/GBP or 2,000 NGN.
FXTM shares
This special type of FXTM account, the FXTM shares account facilitates trading in a variety of global shares in major companies around the world traded as cfds. Unfortunately here there is no demo account available but the live share trading account can be opened with an FXTM minimum deposit of 100 USD/EUR/GBP or 40,000 NGN.
FXTM ECN
The FXTM ECN account, of course, offers fast and efficient ECN order execution at very competitive rates. What it also offers is account opening with a minimum FXTM deposit of 500 USD/EUR/GBP or 80,000 NGN depending on your location as a trader.
FXTM zero
An FXTM zero account will again offer you the same ECN style execution, though this time with a slightly lower minimum deposit of 200 USD/EUR/GBP but the same in NGN at 80,000.
FXTM pro
Coming close to the end of the many account choices at FXTM we have the FXTM pro account. Here again you will have no access to a demo account, though at this level it may be thought of as not required. The ECN execution style is again in place, with a minimum deposit of 25,000 USD/EUR/GBP, or 5 million NGN.
Related guides:
Professional traders
With the hefty minimum deposit mentioned above, it is worth giving more information on the FXTM pro account.
In order to qualify for this account which has benefits in the for of leverage up to 1:200, protection from ESMA laws and restrictive regulations, and a lower margin when compared with other accounts, you must demonstrate at least 2 of the following 3 requirements:
- Possess an average of 10 significantly sized trades per quarter across the previous 4 quarters.
- A portfolio value of more than 500,000 euros or equivalent.
- More than 1 year working in the financial sector with a strong knowledge of leveraged products.
If two of these conditions are met, then you are eligible to open an FXTM pro account upon application review.
Deposit bonus
Unfortunately, within europe, due to ESMA regulations, no FXTM bonus is made available to europe based or EU regulated traders.
30% deposit bonus
Outside the EU area though, there is currently a bonus amount being offered by FXTM. This amounts to a 30% FXTM deposit bonus up to $300 where the deposit should be at least $100. This FXTM bonus remains valid until november 30th, 2019.
90% of retail CFD accounts lose money
FXTM review
Editors summary
FXTM is a well-established name in the world of forex trading with respect for different cultures and preferred methods of trading. They do not offer their services to those countries that prohibit forex trading and display their licensing and regulation. With competitive spreads, a range of platforms, leverage and other features like stop loss, they offer everything you would expect from a good broker.
Risk warning: the products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.
Ad disclosure: some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.
Introduction
Launched in 2011, forextime.Com (FXTM) quickly became a well-known name in the world of forex trading. Their commitment to technology and the platform that they provided was only superseded by their focus on time! In a world where time is a precious commodity, their mission is to save as much as they can for their clients.
With an extremely efficient platform and several trading requirements met, they are licensed and regulated by both cysec (cyprus) and the FSB (south africa). They offer several benefits to their clients and cater for the whole spectrum of experience and knowledge from beginners to high-value investors.
If you think FXTM might be the right broker for you but are unsure as to whether or not you should choose them, you may need some help to decide. Our job is to provide a detailed review of each broker to help you choose the best one for you. From the types of accounts that they offer to their licensing and regulation, we examine every aspect of trading so that you can make the right decision.
Account types
If you were expecting to find two or three accounts to choose from, then you are in for a big surprise. FXTM has a diverse list of 7 accounts. They fall into 2 categories; standard accounts, of which there are three and ECN accounts, of which there are 4. Then there is a demo version of every account so that you get the chance to familiarise yourself with the platform first.
Standard account
The standard account is pretty much what you would expect from most standard forex accounts. You can open the account with a minimum deposit of $100 and enjoy spreads from 1.5 pips. There is 57 major, minor and exotic currency pairs available to trade.
Cent account
The cent account is like a mini forex account for mini traders. The account currency operates in cents rather than dollars and pence rather than pounds. You deposit $5 rather than $100, and the spreads start from 1.3 pips. You can get all of the benefits of a standard account with 25 major and minor pairs available to trade in.
Shares account
The shares account still requires the same deposit as a standard account, but you trade in share cfds rather than currency pairs.
ECN account
A deposit of $500, spreads from 0.1 and 45 major, minor and exotic pairs are just some of the features of the ECN account.
ECN zero account
$200 deposit is required to open the zero account, and the spreads on offer are from 0.5 pips. There are 47 currency pairs available.
ECN MT5 account
For a $500 deposit, you can open an FXTM ECN MT5 account and enjoy spreads from 0.2 pips. The maximum volume per trade, like the ECN account and ECN zero account, is 100.
Pro account
The FXTM pro account is for serious traders with serious trading volumes. To open this account, a minimum deposit of $25,000 is required and, as you would expect, the benefits are increased.
FXTM sign up bonus
A first time FXTM sign up bonus is not offered by FXTM.
Traders who register a real account with FXTM are not offered with either a first time sign up bonus, a deposit bonus, or a welcome bonus.
Brokers often offer these broker bonusses to new traders in an effort to draw in more customers in addition to encouraging trading activities. Offering a deposit or welcome bonus is the best way in which to assure traders that they will receive some money back depending on the initial deposit made.
Various brokers also offer no deposit bonuses to traders in the same effort to draw in more customers and bonuses like this may aid not only the broker in acquiring new clients, but also traders who have strict budgetary restrictions.
Referral bonus
FXTM offers a referral bonus through the ‘refer a friend program’ which offers traders the chance of receiving US dollar 50 when they refer a friend or family member in registering a real account with FXTM.
Once the referral opens a real account, they will in turn also receive US dollar 50 as part of the referral bonus. Traders who use their referral link to invite more people to register a real account stand a chance of earning up to US dollar 10,000.
To become eligible for this, apart from the referral registering an account with FXTM, the trader will only qualify should the referral meet the following criteria:
- Deposits and minimum deposits must be according to the minimum as required by the type of account the referral registers.
- The referral must trade at least 10 standard lots for all account types
In addition to this, this referral bonus is only available to new and existing FXTM traders until the 30 th of june 2021.
Additional bonuses, promotions and rewards
FXTM offers existing traders and loyal customers the following additional bonuses:
- Forex contest in which traders can win various prizes along with prestigious titles along with the chance to improve trading skills.
- FXTM loyalty program, which is aimed at increasing trading volumes, allowing traders the opportunity of gaining back US dollar 12 and up to US dollar 10,000 with every trade executed on the metatrader 4 platform until 31 may 2021.
These contests and all bonuses are only for traders who have, or register, a real trading account, demo account holders will not be considered eligible until they register a real account with FXTM.
Pros and cons
PROS | CONS |
1. Referral bonus offered | 1. Welcome bonus, deposit bonus, no deposit bonus and no other broker bonuses offered with first time sign up |
2. Forex contest and loyalty program offered for new and existing traders along with loyal customers |
Conclusion
FXTM provides competitive trading conditions in addition to referral bonuses, forex contests, and a loyalty program to reward traders not only for their patronage, but to encourage traders to invite others to join along with trading higher volumes.
Bonuses, contests, and loyalty programs are the best ways in which brokers can encourage more traders to register accounts in addition to rewarding traders for continuous trading activities.
Fxtm bonus 2021
The forextime is also known as FXTM, one of the big industry leader, the company was established by andrey dashin in 2011, who is moreover a vital investor of the online broker alpari. Forextime is a well-regulated broker in the forex industry, they regulated by the UK, cyprus, FCA, and also cysec. Its de facto headquarters in limassol, cyprus. Forex-time is a metatrader based and STP ECN model broker. Forextime offers a lot of trading instruments such as forex, cfds for indices & commodities, cryptocurrencies, spot metals, and shares, and cfds.
Forextime licence & regulations
In the forex market, traders always want to join with a well regulated broker. Forextime registered brand name is exinity limited and they got regulation and licensed from all top financial authority. It is regulated by the financial services commission (FSC) of mauritius which licence number is C113012295. They got the licence as an investment dealer in november 2013. Forextime also regulated by the cysec and FCA under license numbers are following 185/12 and 466614.
Broker overview
website | visit website |
---|---|
broker type | STP/ECN forex broker |
demo link | open demo account |
founded | 2011 |
company | forextime limited |
country | cyprus |
headquarter | FXTM tower, 35 lamprou konstantara kato polemidia, 4156, limassol, cyprus. |
Regulation | cysec licence no. 185/12, FCA licence no. 777911, FSB (south africa) 46614, IFSC (belize), SC/60/345/TS and IFSC/60/345/APM |
int offices | cyprus |
phone | +357 25 558777 |
fax | +357 25 558778 |
info@forextime.Com | |
website lang | 18 language |
accept us clients | no |
account currencies | USD, EUR, GBP |
trading platforms | MT5 for PC, MT4 for PC, MT4 web trader, MT4 for multi terminal, MT5 for android, MT5 for iphone, MT4 for android, MT4 for iphone. MT5 for android, MT5 for ipad, MT4 for android, MT4 for ipad |
promotions | 30% forex welcome deposit bonus up to 300 dollar |
no deposit bonus | no |
welcome bonus | 30% forex welcome deposit bonus |
commission | yes |
withdraw options | bank wire, debit/credit card, skrill, neteller, okpay, payza, western union quick pay , fasapay, china union pay (all options depend on the clients country of residence and the FXTM entity that client is registered with) |
account funding methods | bank wire, debit/credit card, skrill, neteller, okpay, payza, western union quick pay , fasapay, china union pay (all options depend on the clients country of residence and the FXTM entity that client is registered with) |
other trading instruments | yes |
min deposit | $/£/€ 10 |
max leverage | 1000:1 |
mobile trading | yes |
web trading | yes |
news trading | yes |
type of spread | fixed and even negative |
minimum spreads | 0.0 pips |
lowest spread on eur usd | 0.2 pips |
precision pricing | 4 and 5 digits |
free demo account | yes |
mini accounts | yes |
islamic accounts | yes |
VIP accounts | yes |
ecn account | yes |
swap free accounts | yes |
segregated accounts | yes |
managed account | yes |
interest on margin | yes |
trading contests | yes |
hedging | yes |
expert advisors | yes |
one click execution | yes |
oco orders | yes |
gold silver | yes |
cfds | yes |
People who have FXTM accounts may utilize MT 4 and MT5 those platforms. This consistency with all the best forex trading platform removes the learning curve for people who change to FXTM from a different broker. Additionally, it suggests there is plenty of tutorials and resources available, both by FXTM along with other resources. That also means that traders receive all the fantastic features of their metatrader platforms.
Individuals who prefer to exchange on the move will also enjoy the aid of software for tablet computers and cellular devices.
In conditions of metatrader 5, customers get access to level II information and all implementation modes. FXTM clients also get a wide array of order types and trading signs with MQL5.
Clients may utilize metatrader 4. Its user-friendly attributes are cutting-edge, and they’ll have access to each significant trading tools. Forextime is also providing his clients with automatic trading and skilled advisors, which support multiple languages and currencies. Simply MT4, MT5 is open for virtually every device you can consider.
FXTM has standard MT4 & MT5 mobile apps for those IOS and android-based devices. You can get all of the functionalities from the downloadable version of MT4 & MT5. These apps support 30 technical indicators, 24 analytical objects and 9 timeframes and so many other opportunities.
Forextime brings user-friendly accounts for everybody. FXTM offers following these types of accounts CENT account (with micro heaps) shares account, and standard account. Additionally, FXTM pro MT5, FXTM guru, the ECN manager account, and ECN zero MT5.
Standard accounts are operating with (meta trader 4) MT4. In standard account include floating leverage from 1:1000, floating spreads, instant execution, a SWAP-free option, hedging, and no hidden commissions. A standard account can be in GBP, USD, EUR, or NGN.
Forextime cent accounts also have instantaneous execution, and operating with (meta trader 4) MT4. Cent accounts also include floating leverage from 1:1000, floating spreads, instant execution, a SWAP-free option. The cent account is available in USD pennies, EUR cents, NGN kobo, or GB pence. They comprise cent lots and possess a minimum deposit of just 5 USD/EUR/GBP.
Forextime’s shares accounts also utilise MT4. FXTM set leverage 1:10 for shares accounts and provides access to over 180 US shares. A shares account also can be in EUR, NGN GBP, or USD.
It is possible to view each one of the margin and leverage elements for forextime trades onto the right page on the broker’s website. All of the information is under the primary section of trading accounts.
The margin and leverage requirements are listed for ECN, ECN zero and standard accounts. Everyone can see the requirements in the sections of BTCUSD, ETHUSD, LTCUSD, RPLUSD, and FX exotics, spot metals, FX majors. Anyone can find the national value for GBP, EUR, USD, or NGN in addition to the leverage offered and drifting margin as a percentage.
Minimum and maximum deposit
It is depending on your choice. If you choose ECN, ECN zero, or standard account then you have to deposit minimum $/€/£ 100 or equivalent amount, standard and shares accounts have a minimum deposit of ₦20,000. FXTM didn’t set any restriction on any accounts types to the maximum deposit amount. A client can deposit any amount after the minimum amounts. Forextime cent accounts minimum deposit set to $/€/£ 5 and FXTM pro account minimum deposit set to $/€/£ 25000.
Forextime keeps full free the standard trading accounts, and there is no charge or commissions on this account. FXTM is making money through the spread of the standard accounts. And the range varies from 0.1 pips to 1.5.
FXTM charges only the ECN accounts. On ECN accounts the commission is $2 per lot. The ECN and pro accounts feature spreads are starting from 0.1 and 0.0 pips.
Forextime deposits & withdrawals
Forextime offers a lot of deposit and withdrawal methods for the transaction with traders & partners. Deposit methods include fasapay, ghana, nigeria, indonesian, kenyan, local algerian transfers. Also for pakistan, india, afghanistan, laos, egypt, iraq, bangladeshi, palestinian, tanzanian local transfers (BRK).
FXTM also accepts online banking indonesia, baokim, globepay, finally, local transfer, thailand, vietnam, china moreover, nganluong (e-wallet and banking channel).
Clients can also deposit with maestro cards, mastercard, or visa. FXTM provide an extra opprtuinitis to VIP’s they can deposit via neteller or skrill/moneybookers. There are also other ways to collect via webmoney, perfectmoney, and yandex. Money, alfa-click, cryptocurrencies, dusupay, dixipay, QIWI, and bitcoin via bitcoin, or skrill.
Forextime offers the best customer support to its clients. They offers telephone support monday to friday. FXTM’s E-mail support is available 24 hours / 7 day. Also, there is another way; they have a hotline and a live chat feature with more restricted business hours of monday through friday.
The company has a several offices in different countries: china, india, indonesia, malaysia, nigeria, south korea and thailand.
You can reach them on their offices and following this methods:
Top 10 best forex brokers with bonus and promotions for 2021
Top rated:
Are you on the lookout for the best forex brokers with bonus and promotions to offer?
They can be tricky to find, but if the answer is yes, then you are certainly in the correct place. Here we will give you all of the information you need, not only on the top recommended brokers if you are looking for a bonus, but also what these promotions mean, and how they can best work to your benefit as a trader.
With that in mind, let’s take a closer look at the best brokers we have found that can offer bonus and promotions to you as a trader.
Are these bonuses really free money?
Although it may be hard to believe at first, it is true. The bonuses really are free money that is sent to your account by the broker. Now what is often asked is, can I withdraw these bonus funds?
Generally, the answer is yes with most top brokers. Their policy will vary though and in many cases, there are certain trading criteria that you must meet in order to withdraw the bonus funds from your account.
What should I check when choosing a bonus?
There are a couple of very important steps that you must run through when checking the bonus that you should choose, and the broker who is providing that bonus.
First off, it is vital that you read the terms and conditions carefully, so you know exactly what is on offer. Added to that, it is important to consider the whole offering of a broker. This means not only the bonus amounts, but what else they have to offer such as spreads, minimum deposits, and more.
Please note that the following bonuses may not be available in every country, and that brokers are not allowed to offer these to customers based in the EU or UK due to local regulatory restrictions. Read T&C before applying to a bonus.
Top 9 forex brokers with bonus and promotions
Here are the top 9 forex broker bonus and promotion offers we have found available:
1. FBS
FBS is the first broker to make our listing for having some of the top promotions and bonus offers in the industry. They are well-known as being a very respected broker around the world, and they have a huge amount of bonuses on offer.
At FBS you can win a wide range of prizes from holidays to new cars, and you can also double your deposit with the great FBS 100% deposit bonus they have in place. An FBS no deposit bonus is also available at no-risk at all to your funds as well as a cashback bonus if certain conditions are met. The FBS bonus offering continues to grow and expand with many contests and challenges also available where you can win cash, trips, and VIP event invites. They also run contests directly on social media like facebook where all you need to do is share posts with your friends. These are just some of the reasons why FBS is a top bonus broker for all traders.
XM is another top international broker, and one of the most easily recognizable in the industry. They too offer a strong range of bonuses and promotions. These start with an excellent $30 no deposit bonus which you can use for completely risk-free, real money trading.
Beyond this you will also find a deposit bonus of up to $4500 which means your deposit will be matched by the broker with free money up to this high value. Aside from those regular types of bonus offerings, XM also runs a lucky draw which has a huge total value of $1,000,000. As a regular trader with the broker you can also join their loyalty program which is points based. You can redeem these points through your trading actions to obtain a wide range of great benefits with the broker.
Please note that these bonuses may not be available with every XM entity
3. Instaforex
Instaforex is the next broker to make the top list of brokers providing bonuses and promotions. They too are very well-trusted by a broad range of traders across the industry. They start their bonus offering with one of the very best no deposit bonus offers in the sector. This is the instaforex $1,000 no deposit bonus.
Further to this monster bonus offer, the broker also provides a deposit bonus of 30% so you can always receive an additional 30% on top of your initial deposit as risk-free bonus funds to trade with the broker. Added to this, instaforex makes a huge range of contests and challenges available where you only need to have a demo account to participate and win. Here you can win a great range of physical prizes including cars, money, and much more.
4. Fxopen
The next broker on the list offering top promotions and bonuses is fxopen. They kick their bonus offering off with a $10 no deposit bonus. This is great if you are new to trading and looking to try out the broker with no risk at all to your own money.
Another great offer for beginners is the $1 welcome bonus on micro accounts. This makes sure you are covered to trade with free money, even at lower risk levels. Like many of the other brokers they also provide access to a large number of trading contests with a unique prize attached. This prize is that if you reach a certain benchmark of profit in the contest with virtual funds, they will then turn 10% of these funds into real money for you to trade with. A very attractive bonus proposition indeed from this popular broker.
5. Roboforex
Roboforex are in on the act too as another respected top broker offering bonuses and promotions to their traders. The excellent bonus infrastructure here starts with a deposit bonus that can be either 10%, 60%, or a huge 120% depending on how much you are depositing.
The offers do not stop there with roboforex either. Just for joining the broker, you will be entitled to a $30 welcome bonus. This can be used for completely risk-free trading on the markets of your choice. You will also be entered into weekly and monthly contests which are free to enter but where you can win real prizes on both demo, and live accounts. Regular traders are not forgotten either with cash rebates stretching up to 15% based on how much you trade.
6. Hotforex
Hotforex are one of the cornerstones of the industry and regularly feature as a top broker in many listings. They too have a very strong bonus infrastructure though it may not be available in every country the same. This is particularly true in europe.
Outside of that though, their offer is strong. They provide a number of unique bonuses the first of which is a 100% credit bonus. This acts to double your deposit with completely free bonus funds. They also offer a very unique 30% rescue bonus. This bonus protects your funds from drawdowns up to $7,000. The 100% supercharged bonus is one of their most popular though. This provides for a huge amount in cash rebates that can reach up to $8,000, on top of a 100% deposit bonus. All of these great offerings maintain hotforex as a very popular bonus broker of choice.
Please note that these bonuses may not be available with every XM entity
7. Octafx
Octafx is another popular, and rapidly growing name in the sector. They are not stepping back when it comes to offering a bonus either. If you are trading with this broker, the first thing you may want to try out are some of the demo account contests.
These great contests come with prizes of up to $500 real cash if you are trading through metatrader, and $150 if you are using ctrader. If these pique your interest, then you can decide to deposit for real, and benefit more from a 50% deposit bonus which is on offer. On top of this, there are many other prizes including merchandise to be won from a broker who is strong, trusted, and growing all the time.
8. FXTM
FXTM is one of the biggest names in the industry. They have also not forgotten a strong bonus infrastructure, and for this reason, they too feature on our list of the best brokers for bonus offers and promotions.
At the core of the FXTM bonus offering is their excellent loyalty program. Here, the more you trade, the more you can get paid. At the maximum level you have the ability to earn as much as $10,000 from the program. Also offered by the broker are a great range of both demo and live trading contests where you can compete against your fellow traders to win top prizes.
9. Vantage FX
Vantagefx is next in our selection of the best forex brokers who offer a good range of bonus systems. Here you will be able to take advantage of a 50% deposit bonus that will allow you to trade risk-free with bonus cash from the broker based on how much you deposit.
Vantagefx also offers a great and very rewarding loyalty program where you can avail of 10% rebates on your trades up to $2 per lot traded when you deposit at least $1,000. With the broker and this program, there is no limit on the trade size at all. The higher the lot size you trade, the higher your bonus will be.
Different type of bonuses
When choosing your forex broker bonus, it is also important to keep in mind that there are many different bonus types available. Here is a more detailed look at exactly the kind of bonuses that are offered by brokers:
Forex deposit bonus: the forex deposit bonus is a certain amount of money offered as a bonus based on the amount which you deposit. In the case of many brokers, this can mean matching your deposit amount with an equal bonus amount.
Forex no deposit bonus: A forex no deposit bonus, as you might gather from the name, is a bonus which is offered to you with no deposit required. In most cases, you simply have to complete the registration process. This money is free and can be used in real trading at no risk to your own money.
Welcome forex bonus: the welcome bonus can be similar to a no deposit bonus. You will get a bonus money amount for completing registration, and in some cases based on the amount of your first deposit.
Loyalty program: A forex broker loyalty program, just like any other, is usually based on how much you use the service. In this case, the more you trade, the more you will be rewarded by such programs. These rewards could come in the form of lower trading costs, additional premium trade tools, physical prizes, access to live events and meetings, and much more.
Points system: the forex broker point systems can also be based on loyalty programs. With these systems, the more you trade, the more points you will earn. These points can then be used to access monetary prizes, cars, vacations, and more.
Cash back and rebates: cash back and rebate programs are also a very common form of bonus. Just as the name suggests, with this form of bonus, you can earn money back for each lot you trade.
Money protection bonus: this is not a very common form of forex broker bonus, though it exists, nonetheless. This kind of bonus from your broker actually protects your funds from reaching a certain negative level, and in some cases, anything beyond this negative point can be refunded.
Forex contest prize: there are a wide range of brokers who organize contests which you can participate in with virtual funds against other traders. If you win some of these contests through making the most profit from virtual funds, then you can win all kinds of great prizes including cash, cars, and more.
Why do brokers offer forex no-deposit bonuses and other bonuses?
There are several reasons why your broker may offer a no deposit, or other type of bonus. One of the primary reasons for this is to create value for you as a trader, and to attract new traders to the industry and that broker.
This method is accepted in many parts of the world, though not in europe. Within the EU, the offering of the majority of these kinds of bonuses is not allowed by the regulator. ESMA does this in a large part to protect beginners from getting involved in trading without the proper knowledge and ultimately losing their money.
Tips on how to choose a bonus and a broker
If you are thinking about choosing a forex broker, the bonus is just one element of this choice, and it should not be a large factor in your decision-making process. First and foremost, you have to choose a broker who is trustworthy, and well-regulated. Luckily all of the brokers on our listing are both of these things.
Once you have done this, then you can think about the bonus they are offering, but do not make your choice based on the broker bonus alone. You have to consider all of your trading needs. In this case, you may want to try out a broker first. This would be a great time to select a no deposit bonus broker so you can try out their real trading at no risk to you.
FXTM no deposit bonus | bonus and demo account | rewards for old and new customers
Wlcome bonus + no deposit bonus FXTM with promotional code of 10% OFF / forex, binary options and binary options broker january 2021 australia: in the test 2021, information: deposit, withdrawal . Similar brokers. Forum: experiences, opinions | bonus and demo account | rewards for old and new customers
In our FXTM promotional coupons section, you will be able to find the best selection of offers and promotions in all categories available for your online purchases in FXTM and that you can buy as usual at your favorite store, but this time with greater savings through of our FXTM discount coupons that we offer exclusively to you. It is also very easy to use and, on our page, we make it even easier for you, so the effort required to get the best discounts on FXTM is super comfortable for you.
Here you'll find discount coupons FXTM promotions and discounts and the best FXTM promo codes to save you on your next online purchase at FXTM. To use our FXTM discount coupon for free, click "get coupon"; copy the code and enter it at checkout at FXTM. Check the discount applied to the purchase subtotal or, when placing items in the cart, you should receive the coupon discount. At this time, no FXTM coupon or FXTM discount coupon is required as the "view discount" link has the information for the store to check and recalculate the final price discount. The 1001couponcodes.Com.Au maintains only tested and approved discount coupons and the best FXTM promotions and offers for you on january from 2021. Promotional coupon FXTM ☆ free discount coupon FXTM ☆ best FXTM deals from 25/01/2021 ☆ made with ♥ perth ☆ 10%, 20%, 30%, 40% off up to 50% off with home delivery & free shipping FXTM ☆ black friday deals & coupons FXTM ☆ black friday deals FXTM january 2021 ☆ discount coupon, deals, free shipping & specials FXTM ☆ coupon FXTM with best prices, discount coupons, promotions and exclusive offers in perth ☆ adelaide ☆ newcastle ☆ brisbanel ☆ gold coast ☆ melbourne!
You find the latest promo codes and offers from FXTM here at 1001couponcodes.Com.Au. To use FXTM discounts, click on "show coupon/offer". Then copy the code and paste it before the end of your online purchase in the given text field of the onlineshops. If the button displays "show offer" instead of "show coupon", then you just have to click on it and you will be redirected to the website of the onlineshop which offers the discount. In this case the code is not necessary, since the discount is automatically deducted from the total sum at the end of your purchase. Our website offers the most up-to-date and best FXTM coupon codes and offers, which are constantly verified by our mycoupondes.Us team and checked for their validity. Find discounts for today's 25. January 2021 and others that are valid for the remaining 364 days of the year!
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FXTM coupon codes
If you're looking for coupon codes or coupons at FXTM, then you'll be here at 1001couponcodes.Com.Au at the right place! We update daily our coupons and offers, we search for you the best FXTM coupon codes and offers, you will always save on your online purchases with our coupons. At the list on top of this page, you'll see all the offers, coupons, coupon codes and discounts currently available at FXTM. Easy, right? This listing was last updated on 25 january 2021.
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It is also very easy to use and, on our page, we make it even easier for you, so the effort required to get the best discounts on FXTM is super comfortable for you.
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There are normally several coupon codes available. Just think of a free shipping code or a code that gives a certain percentage of your order. Some coupon codes are for a specific product, other promotional codes give you a discount on the entire assortment. It is a surprise every day, which promotional codes offer the webshops, but at any case, they will find them here on our website!
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To make at for our visitors as easy as possible, we've selected the best and most advantageous coupon codes of FXTM and put them on top of the listing. This way you save time, because you see all coupon codes in a handy overview. So, if you going to buy at FXTM, we recommend using a coupon code or offer from our website so you can enjoy more online shopping! And the most beautiful of everything? All of our coupon codes can be used for FREE!
You do not have to register for coupon codes FXTM coupon codes but we recommend you sign up for our newsletter. That way, you get the latest coupon codes, offers and special bargains in your mailbox. We select the webshops with the most beneficial actions for the newsletter so you can also get acquainted with new online stores.
What is a FXTM coupon code?
A coupon code from FXTM is a alphanumeric code that you use to get the discount on your order. These coupon codes are also called coupon code, promotional code, discount code, promo code or voucher. Webshops from around the world use these types of codes to give discount to their customers on certain products or orders.
How can I use a FXTM coupon code?
An action code or promotional code from FXTM can be used in two ways. The first way is by simply clicking on "SHOW CODE", copy the code and paste it into the shopping cart of the webshop. The other way is by clicking on 'VIEW OFFER', you will then be redirected directly to the webshop and the discount will be applied automatically.
How do you find a couponcode at 1001couponcodes.Com.Au? First of all, look for the desired store in the search bar at the top of this page. Are you looking for a particular product or brand? Then you can type it in the search bar. You can also find your desired webshop in our "SHOPS A-Z" or "CATEGORY" overviews. If you've come to our webshop page, choose a coupon code or offer you'd like to use.
- Copy the couponcode from FXTM by clicking at "SHOW CODE" or "VIEW OFFER"
- Does a coupon code appear? Then you can copy the code by clicking at the button "COPY"
- Does the modal not show a coupon code? Then you can click directly in the big blue button "VISIT FXTM
- On the FXTM website select one or more products and place it into the shopping basket. When you are finished, then have a close look at the basket. Just before the actual checkout, there is somewhere the option to enter an action code, promo code, voucher or coupon code. You paste (CTRL + V) here the previously copied code and the discount is applied immediately.
- Please check if the discount has been applied correctly, as it may occur once you're just late and the coupon code has expired. It may also be that the coupon code is only valid for a particular product. In that case, you can just get a new coupon code from our website. It is therefore important that you read the terms of the coupon code.
- Successfully? Then share our coupon codes, promotional codes, promotional codes and offers with your friends and family, so they can also make use of additional discounts.
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Our fundamental mission is to search the internet for all the savings opportunities offered by discount coupons and offers. These free coupons offer exclusive discounts to our customers. We offer this service free of charge for use by both individuals and companies.
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The use of discount coupons and their promotional codes is completely free and does not require you to sign up for the site, but we recommend that you sign up for the newsletter to receive offers and promotions from your favorite store.
Our team works daily to ensure its users the best deals and promotions from leading online stores in australia. There are currently dozens of stores, over 2,000 coupons and many more offers available on the site!
What is FXTM discount coupon?
The FXTM discount coupon (also called a coupon, gift card, discount card, promotional coupon, discount code, or promotional code) is a set of numbers or alphanumeric sequences that online stores use to seduce their customers and guarantee the purchase. They offer instant discounts on buying your products online.
How to use a FXTM discount coupon?
A FXTM coupon can be provided in 2 ways: through a specific link and / or through a code you enter at the time of purchase. Search for the desired store, brand or product and find a related coupon. Here's how to use a coupon for your purchase at FXTM on 25/01/2021:
- Pick up the discount coupon code FXTM by clicking "get coupon" or "view discount".
- For an alphanumeric string format coupon, copy (CTRL + C) the coupon code and click "go to store".
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- Entering FXTM and after choosing the product and placing it in the shopping cart, paste the coupon by giving ctrl + V where the page requests it. The field to fill in the coupon code usually appears on your cart just before you close your order.
- Check whether the discount was applied correctly. Discount coupons have their expiration date, so we are always introducing new coupons and offers.
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FXTM review 2021
FXTM is the #1 rated forex broker for nigerian traders according to our reviews. They are regulated with FCA & cysec, offer instant execution, quick deposit/withdrawals & also have office in ikeja, with local phone number for support. But their spread is higher than other brokers. Read our in-depth forextime (FXTM) review to find if you should choose them or not!
FXTM or forextime is an international broker that has been around since the year 2011. It is one of the fastest growing forex brokers & recently crossed 3 million clients mark in 2018.
FXTM allows beginner traders as well as corporate investors to trade in 59 currency pairs, cfds on spot metals, indices, as well as share cfds. The best part is their naira account for nigerian traders, so you can deposit, trade & withdraw funds in naira. Great, right!
All the accounts at FXTM have multi-platforms support, which means you can trade with your mobile, laptop and tablet as well. They even have nigerian offices, support, educational seminars & webinars.
All in all, FXTM is in the best choice for nigerian traders. In this FXTM nigeria review, we have compared their spread, platforms, safety & more.
FXTM nigeria (forextime) at a glance
broker name | FXTM nigeria (forextime) |
year founded | 2011 |
website | www.Forextime.Com |
address | lagos, 3rd floor, 5, allen avenue, ikeja, lagos, nigeria |
FXTM minimum deposit | ₦2000 |
maximum leverage | 1:2000 (with micro account) |
regulation | FCA (UK), cysec, FSCA, CMA |
trading instruments | 59 currency pairs, 100+ cfds on stocks, spot metals, commodity futures & 4 cryptocurrency cfds |
trading platforms | MT4, MT5, webtrader & mobile app (for android & ios) |
Regulation & safety of funds
FXTM is a regulated 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.
Where is FXTM (forextime) regulated:
- Cyprus securities exchange commission (cysec): FXTM (forextime limited) is regulated with the cyprus securities exchange commission (cysec) since 13-december-2012 under the licence number 185/12
- International financial services commission (IFSC): in belize FXTM is also licensed by international financial services commission (IFSC) with license numbers IFSC/60/345/TS and IFSC/60/345/APM.
- Financial conduct authority (FCA): FXTM recently got accredited with financial conduct authority (FCA) as forextime UK limited under licence no. Is 777911
All these regulations make forextime a trusted broker in terms of safety of your funds, since FXTM is regulated with multiple regulators.
Also, we haven’t found any complaints against FXTM for existing traders in regard to withdrawal of profits. Almost all traders have found FXTM to be very timely in processing withdrawals or any investor concerns related to safety of funds.
All in all, FXTM is regulated & safe choice for traders in nigeria.
FXTM trading fees
FXTM’s trading fees with their standard accounts is somewhat higher than other brokers that we have compared. But with their ECN accounts, their fees is lower.
Here is a quick overview of fees (even the hidden charges) of FXTM:
- Low spread with ECN accounts: FXTM offers spread of 1.9 pips on average for EUR/USD with the standard account & 2.4 pips with micro account. This is relatively higher than other brokers like hotforex, XM. But their spread is as low as 0.1pips if you sign up for the ECN account.
- Zero deposit charges: there are no charges on fund deposit with FXTM, even for local bank deposit/tranfer in nigeria. So you will get 100% of your deposit.
- Upto 1.5% withdrawal charges: during withdrawals, FXTM charges 1.5% of your amount if you are choosing local bank transfer option. So you should not choose bank withdrawal if you want to avoid this fees. Instead go for withdrawal in your wallet or cryptocurrencies as there is 0 fees on that.
Overall, FXTM’s trading & non-trading fees is a bit high with standard accounts. But still it is not too high when we look at the overall fees. If you trade more volume, then their ECN account is perfect as their spread (plus commission) is the lowest with their ECN MT5 account.
FXTM account types
FXTM offers free demo account & 6 live trading accounts which includes 3 standard accounts & 3 ECN account types. All these accounts are suited for different traders depending on your experience & trading skills.
FXTM demo account
FXTM offers a free $100,000 demo account that beginner traders can create to learn & sharpen their trading skills. To use their demo account, you just need to register on the FXTM’s website. The demo account would give you access to FXTM’s MT4 & MT5 platforms where you can test your strategies & place your demo trades on currencies in the real market.
3 standard naira accounts
Forextime is the only forex broker that allows nigerian traders to maintain accounts with them in nairas. This means that you can deposit in NGN, and your profits can also be withdrawn in naira in your nigerian bank account. All the 3 standard account types or ECN accounts can be funded & traded in nigerian nairas.
The company has 3 standard trading accounts. You can open the account in NGN (naira account), USD, EUR or GBP & this will be your account’s base currency.
1. Cent account (₦2000 deposit): this is the account with the minimum deposit requirements. You can start trading with as low as ₦2000 or $10. The traders can trade all major, minor currencies, spot metals with a leverage of upto 1:1000. You will be instant execution of your trades. The spread starts from 1.5 pips, margin call is 60% & stop out is at 40% with cent account.
2. Standard account (₦20,000 deposit): this is the most popular account with minimum deposit of ₦40,000 or $100. With this account you can trader all majors, minors, exotic currency pairs, 59 spot metals, 5 spot cfds & 3 crypto-currencies (bitcoin, ethereum, or litecoin). The standard account offers lower spread from 1.3 pips, margin call requirements is 40% & stop out level is at 20%.
3. Stock cfds account: this account has all the features of the standard account plus you can trade over 160+ share cfds on european & US shares. The margin requirements is fixed between 3%-10%.
Account type | cent account | standard account | stock cfds account |
fees | 0.6 | 0.5 | 0.4 |
min. Deposit | $10 | $100 | $100 |
fees | from 1.5 pips | from 1.3 pips | from 0.1 pips |
3 ECN accounts
The company offers three different ECN account types, namely ECN account, ECN zero account, and FXTM pro account. There are numerous characteristics which are applicable to all the account types. Firstly, all three account types are available on the metatrader 4 as well as the metatrader 5 platforms. Secondly, trades can be executed in four major currencies, EUR, USD, GBP, and NGN. The order execution is done as per the market, and the margin call is 80%.
There is no maximum deposit for all the account types. In addition to this, the stop out for each account is capped at 50%. There is no maximum number of orders, although the maximum number of orders pending at one time can be 300.
There are also numerous differences between the account types. These are summarized in the table below:
feature | ECN account | ECN zero account | FXTM pro account |
spread | from 0.1 | from 1.5 | from 0 |
maximum volume (lots per trade) | 100 | 100 | 250 |
commission | $2 per lot | none | none |
As per our research, we found that the account types offered by FXTM are among the best in the industry. Two of the main account types offered by the broker do not charge any commission. Also, the time taken to execute orders is lesser compared to other major brokers since the orders are executed on a real time market basis.
In addition to this, users are allowed to create a demo account before they can trade with their own money, allowing them to build an understanding of the financial instruments. All these factors make FXTM’s range of account types extremely user-centric as well as full of features.
How to open account with FXTM
To start trading all you need to create an account with FXTM and choose a trading plan as per your requirement.
So to open a trading account with FXTM you need to follow the below mentioned steps:
Step 1) first of all you need to click on open account from the home page of FXTM.
Step 2) now you will be redirected to a open account page where you need to fill the details under registration section.
You also need to verify your email. For this you need to click send PIN and then enter the code that you receive in your email.
Step 3) once done with verifying your email, you need to complete your profile by entering the required details.
Step 4) your account has been setup. Now you need to choose the trading account type. We advice you to choose FXTM standard plan and NGN as your account currency.
Step 5) now your live trading account has been opened. You need to make first deposit to add funds in your account to start trading.
The funds will be reflected instantly in case you are depositing with your card or wallets. But in case of others payment methods i.E. Bank transfer/bank deposit, you need to wait for few hours depending upon your selected payment method.
Congratulations! Your account now has been setup and you can check your email for more details regarding your trading account. So start your trading happily with them.
FXTM trading instruments
FXTM allows its users to trade in a wide range of financial instruments such as forex, cfds on spot metals, share cfds, cfds on commodity futures, as well as cfds on cryptocurrencies.
The main benefits and drawbacks of each trading instrument are as follows:
1) forex:
the most common form of trading offered by FXTM is forex. The company offers all major currency pairs such as EUR/USD and USD/JPY. Apart from this, the broker also offers minor currencies such as EUR/CHF and EUR/GBP. In addition to this, users can also trade in exotic pairs such as USD/NOK and USD/HKD. Forex trading services are available 24X5. The broker offers tight spreads of 1.3 on the standard metatrader 4 platform and spreads beginning 0.1 on the ECN metatrader 4 (MT4) and metatrader 5 (MT5) platforms.
2) spot metals:
FXTM allows its users to trade in a range of spot metals including gold and silver. Users can choose the lot size according to their preference including mini lots, micro lots, as well as standard lots. Also, users of FXTM have the opportunity to exploit tight spreads. The broker offers spreads for spot metals beginning 0.1 and 0.2 on the ECN MT4 and MT5 platforms respectively.
3) share cfds:
the users of FXTM have the option to trade in share cfds as well. This financial instrument allows users to access the stock market without having to take ownership of the asset. FXTM offers cfds in more than 180 major company shares including apple, amazon, microsoft, and alibaba. The trades are executed instantly, saving the precious time of the users. The margin requirements for share cfds begin at just 3%.
4) cfds on commodity futures:
similar to share cfds, FXTM also offers commodity future cfds. By making use of these instruments, the users can trade three major commodities including UK brent, US crude and US natural gas. Orders are executed instantly, and the margins offered by FXTM are small. Although there are always certain risks attached to cfds, users can also generate large amounts of profits.
5) cfds on cryptocurrencies:
the broker also offers its users the ability to trade in cfds on cryptocurrencies. FXTM offers to trade in a range of cryptocurrencies such as bitcoin, ethereum, litecoin, and ripple. All of these cryptocurrencies are pegged against the US dollar. The users can make deposits and withdraw money using a range of instruments including bitcoin.
According to our research, the range of financial instruments offered by FXTM is quite comprehensive and allows users to book profits and diversify their portfolio at the same time. Further, the tight spreads offered by the company make it one of the leading brokers in terms of margins.
Deposit & withdrawal at FXTM
FXTM offers very convenient payment options for deposits & withdrawals to its nigerian customers. All funding methods are free but there is fees during withdrawal with some methods, and the time for withdrawal depends on the method that you choose.
Traders can deposit & withdraw their earnings via 5 different local payment options.
Deposit methods
Nigerian investors can add funds to their accounts using the followings methods:
1) local bank transfer (few hours): you can easily add funds using the bank deposit or bank ransfer method. Funds can be transferred to GT bank, diamond bank, first bank & zenith bank.
2) nigerian credit/debit cards (instant funding): in case of online payment methods visa & mastercard bitcoin, perfect money & webmoney is accepted.
Withdrawal methods
You can get paid within just 24 hours via various your preferred methods as following:
1) local bank transfer in nigeria (upto 48 hours): this method include the charges of 1.5% of your withdrawal amount.
2) wallets (instant withdrawal): FXTM also offers withdrawals via bitcoin, perfect money & webmoney. And there are almost no charges for withdrawing via wallets.
Note: you will need to verify your account before you can start trading with FXTM. For this, you would need your ID proof (driver’s license or similar government ID) & your address proof (utility bill). This is a standard KYC (know your customer) process & its the same at almost all forex brokers.
FXTM bonus in nigeria
FXTM currently has 3 major promotions and bonuses that would be of interest to traders in nigeria. We will highlight the key details of all active forextime promos below.
30% deposit bonus (no longer available)
Note: this offer has expired & it was available till 30th june, 2019. We will update this section if FXTM rolls out any new bonus offers in future.
When this offer was live, traders in nigeria could avail FXTM’s 30% deposit bonus through special bonus page on their website. This promo is open for all nigerian traders with upper bonus limit of $300. You simply have to sign up with forextime from their 30% promotion page to get your bonus. After opening the FXTM trading account, you will get the bonus after you make your first deposit. For example: if you deposit ₦100,000 then you will get ₦30,000 bonus. This means that you will be able to trade with balance of ₦130,000.
$30 tradable credit (expired)
New users of FXTM can receive a $30 credit in their accounts. This credit is fully tradable and can be used to place live orders. It can be availed by simply making a minimum deposit (as low as ₦1000) in your account within 6 months of joining FXTM.
This promo is certainly a very attractive one for new traders since this $30 credit can be very useful in testing out your strategy in the live markets & make real profits. Also, since this credit does not require you to make a minimum number of trades before getting it in your tradable account funds, so all you have to do is to make the minimum deposit within 6 months!
FXTM loyalty cashback
The best part about FXTM is that the company rewards its users in real cash which is actually withdrawable. This is a big difference compared to all other major brokers who choose to reward loyalty in the form of points that cannot be withdrawn. Traders at forextime can continue to be rewarded for a period of up to 6 months. In addition, you can also earn rebates by trading through their platform. Further, if you register your account and trade via the FXTM’s trader app, your loyalty points are doubled for every trade. This kind of loyalty cashback scheme is not available with any other broker in the market.
As per our research, the promos and bonuses offered by FXTM are superior to the other brokers that are operating in nigeria. Their website allows traders to attain deposit bonuses as well as attaining credits when registering for the first time. In addition to this, the users can also avail loyalty cashbacks which are withdrawable, making it a really attractive proposition for any trader. Such a range of promotional schemes cannot be matched by any other broker present in the market, and therefore it makes FXTM the broker of choice in terms of bonuses and promotional schemes.
FXTM customer support
FXTM shines with their excellent customer support. We found their customer support to be prompt & responsive in answering.
Here are the support channels available at FXTM nigeria:
1) local address & phone numbers: FXTM nigeria (forextime) has a 24/5 customer support available via emails & local phone number. They even have local offices in lagos & abuja to offer better support & education to retail traders.
Company address: lagos, 3rd floor, 5, allen avenue, ikeja, lagos, nigeria
phone: +234 803 4573 593 , +234 803 153 4373
email: nigeria[at]fxtm.Com
2) live chat support is okay: FXTM provide a 24/5 chat support system. You can contact with their customer support executives using live chat menu on the bottom right screen on their website. During our research, we found that their chat was very helpful with quick help for most queries. But some of our questions were directed & answered via email. Live chat is available 24/5 during working week.
3) free forex education: beginner & expert traders can even attend forextime’s free seminars in nigeria to get free education. They have also created thousands of educational articles, videos & webinars where you can learn from forex gurus.
Do we recommend FXTM nigeria?
Yes, we do recommend FXTM to nigerian traders, overall they are good!
On the positive note, FXTM has low spreads with ECN account, instant order execution, trusted regulations & good support. Also, nigerian presence with office in lagos definitely makes FXTM an attractive choice.
They have a range of payment options offered to the nigerian traders as well as the number of trading instruments on offer, with anywhere access platform makes it a good broker in the business.
In addition to this, FXTM also has good loyalty program, and fast withdrawals. They have local presence with local phone number & office in nigeria, which is a good thing.
But on the downside, FXTM has a bit higher fees (spread) with their micro & standard accounts. They offer very low spread with their ECN accounts, so you should choose their ECN account for lower fees. But if you are looking for a low cost forex broker with standard accounts, then FXTM is not the best out there, and there are some other regulated brokers to choose from.
Overall, whether you are a beginner or an expert trader looking for a new broker, we recommend forextime if their somewhat higher trading fees is not a concern for you.
You can visit www.Forextime.Com & to start trading or also create a demo account.
"do you have experience with FXTM nigeria? Please consider sharing your experience with a review below – good or bad – doesn’t really matter as long as it’s helpful to other traders!"
We only accept user reviews that add value to fellow nigerian traders. Unfortunately, not all reviews that you post with us will be published on the website. For your review to be approved, please share your detailed & honest experience with the broker – either positive or negative. Thank you for helping out other traders with your valueable feedback!
Important: we don't accept any payments or kickbacks from any forex broker(s) to delete or change any reviews. We welcome forex brokers to reply to reviews on our website & share their side of the story to keep the process honest and fair for both sides.
Need help to start
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Build your skills with
FXTM’s free educational resources.
Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
Get more from
your trading
Global markets, tight spreads and free education.
Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
Wide range of trading instruments
Globally licensed & regulated
Protection of funds
Transparent performance
Committed to forex education
Support in 30+ languages
Learn
- FREE demo account
- Step-by step tutorials & articles
- Online webinars & local seminars
- Your own account manager
Trade
- Tight spreads
- Superfast trade execution
- Hi-tech forex trading tools
- Ultimate risk protection & security
Invest
- No need to be an experienced trader
- Large number of strategies to follow
- Profit whenever strategy managers earn
- Full control of your investment
Past performance does not guarantee future results.
Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
FXTM invest
Choose experienced traders, follow them, and sit back while they do all the work.
Past performance does not guarantee future results
Find the suitable traders to follow
Choose the traders that match your financial goals, follow them, and let them do all the technical work while you monitor their progress. You will earn from every profitable trade they make.
Past performance does not guarantee future results
FXTM are committed to trader education, which is we why are pleased to offer a range of insightful short trading videos alongside our other educational resources. Learn about key forex trading and technical analysis concepts at a time and place to suit you.
Live fx & spot metal quotes
Trade spot metals and the currency market
We accept:
FXTM register
Policies & regulation
Policies & regulation
FXTM brand is authorized and regulated in various jurisdictions.
Forextime limited (www.Forextime.Com/eu) is regulated by the cyprus securities and exchange commission with CIF license number 185/12, licensed by the financial sector conduct authority (FSCA) of south africa, with FSP no. 46614. The company is also registered with the financial conduct authority of the UK with number 600475.
Forextime (www.Forextime.Com/uk) is authorised and regulated by the financial conduct authority with license number 777911.
Exinity limited (www.Forextime.Com) is regulated by the financial services commission of the republic of mauritius with an investment dealer license bearing license number C113012295.
Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
Regional restrictions: FXTM brand does not provide services to residents of the USA, mauritius, japan, canada, haiti, suriname, the democratic republic of korea, puerto rico, brazil, the occupied area of cyprus and hong kong. Find out more in the regulations section of our faqs.
So, let's see, what we have: discover the FXTM minimum deposit needed to open an account, and the best way to do it, depending on base currencies, funding methods, platforms and more. At fxtm bonus 2021
Contents of the article
- Actual forex bonuses
- FXTM minimum deposit guide (2021)
- FXTM account base currency
- FXTM funding methods
- FXTM minimum deposits
- Professional traders
- Deposit bonus
- FXTM review
- Editors summary
- Introduction
- Account types
- Standard account
- Cent account
- Shares account
- ECN account
- ECN zero account
- ECN MT5 account
- Pro account
- FXTM sign up bonus
- Referral bonus
- Additional bonuses, promotions and rewards
- Pros and cons
- Conclusion
- Fxtm bonus 2021
- Top 10 best forex brokers with bonus and...
- Are these bonuses really free money?
- What should I check when choosing a bonus?
- Top 9 forex brokers with bonus and promotions
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- FXTM review 2021
- FXTM nigeria (forextime) at a glance
- Regulation & safety of funds
- FXTM trading fees
- FXTM account types
- How to open account with FXTM
- FXTM trading instruments
- Deposit & withdrawal at FXTM
- FXTM bonus in nigeria
- FXTM customer support
- Do we recommend FXTM nigeria?
- Need help to start trading?
- Get more from your trading
- Wide range of trading instruments
- Globally licensed & regulated
- Protection of funds
- Transparent performance
- Committed to forex education
- Support in 30+ languages
- Learn
- Trade
- Invest
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