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Everything you want to know about ForexTimeKnow everything about Promo Codes, offers and discounts atForexTime
FXTM trading fees
FXTM trading fees are low.
FXTM offers several account types that have different fees. We tested the ECN account, which has low spreads but charges a commission. The commission for ECN accounts is lower if you have a higher account balance and/or trade more. We calculated the commission for an account balance between $0-$2,999 and trading volume of less than $100 million.
We know it's hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.
We have chosen popular instruments within each asset class:
Stock index CFDs: SPX and EUSTX50
Stock CFDs: Apple, Vodafone
Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP
A typical trade means buying a leveraged position, holding it for one week and then selling. For the volume, we chose a $2,000 position for the stock index and stock CFDs and $20,000 for the forex transactions. The leverage we used is:
20:1 for stock index CFDs
5:1 for stock CFDs
30:1 for forex
These catch-all benchmark fees include spreads, commissions and financing costs for all brokers.
How to open your account
FXTM account opening is easy and fully digital. The online application takes roughly 25-30 minutes and our account was approved within one business day.
The 7 steps of FXTM account opening:
- Add your email address, name, and country of residence. You need to give your phone number as well, where FXTM will send a PIN code.
- Add more personal information, like date of birth and level of education.
- Give your current address.
- Answer some questions about your financial background and experience.
- Fill out a questionnaire about your financial knowledge.
- Select the account type you wish to open.
- Verify your identity and residency by uploading a copy of your passport / ID / driver's license and a bank statement or utility bill.
FXTM offers a great variety of deposit and withdrawal options. Almost everything is available, including credit cards, bank transfer and electronic wallets. The main disadvantage is that FXTM charges a fee for most withdrawal types.
Account base currencies
At FXTM, 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 XTB's but lags behind XM's.
|Number of base currencies||4||7||4|
Why does this matter? For two reasons. First, if you fund your account in the same currency as your 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 don't have to pay a conversion fee.
A convenient way to save on currency conversion fees is opening a multi-currency bank 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.
The web trading platform of FXTM is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report.
FXTM doesn't have its own self-developed trading platform, it uses third-party platforms: MetaTrader 4 and MetaTrader 5. These platforms are very similar to each other in functionality and design.
In this review we tested MetaTrader 4, as it is available for all account types and is more used by customers.
MetaTrader 4 is available in an exceptionally large number of languages.
What Makes A 1001 Coupon Special? New Zealand's Best Coupons and Offers!
But why should you use one of our coupon code offers? After all, there are several coupon moguls out there offering promotional code. You might think you can find a July 2020 promo code for ForexTime all over the web. But how many times have you finally found a ForexTime promo code that was either expired or not applicable? Isn't that frustrating? At 1001coupons.co.nz, this almost never happens. We cycle through our offers daily to ensure your couponcode is active. When you use 1001couponcodes.co.nz, forget fruitless searching and disappointment; we’ve always got an up-to-date discount code just for you.
How Do ForexTime Discount code Work?
A ForexTime coupon code from 1001coupons.co.nz is unbelievably easy to use. If you want a ForexTime promo code for a certain store, type the store’s name in the search bar at the top of the page. The search results will display any current offer or coupon code for that store.
- When you find an offer you want to use, simply click “SHOW CODE” or “VIEW OFFER” to reveal the promo code. Some offers do not require a ForexTime Discount code.
- You will then automatically be redirected to the web store with your coupon applied. You can also right-click on the promo code, copy it (Ctrl+C), and paste it (Ctrl+V) manually when you check out.
- The ForexTime promo code will show up in your cart and deduct the appropriate amount from the price of your purchase. Rarely, there are technical issues with applying a ForexTime Voucher code to your cart. In this case, you should make sure the coupon is still active or reach out to us about your issue.
What If My ForexTime Voucher Code Doesn’t work?
Sometimes, ForexTime offers and deals come with exclusions. You should always double-check that the coupon you selected is compatible with the item(s) you’re buying. Certain stores will not allow coupons to be stacked, which cancels out other ForexTime Voucher codes. Also, always make sure the coupon’s date is current. While we are diligent to only give you active coupon code offers, an expired discount occasionally slips through the cracks. You can always contact us at 1001couponcodes.co.nz if you have any questions.
Can I Share ForexTime Coupons, Voucher Codes & Deals codes with my Friends?
We'd love to have you share a coupon code or discount with your BFF! Once you start racking up savings, you’ll won’t be able to wait to show all your friends how they can save money too. Just click the “SHARE” link under a coupon to post it on Twitter or Facebook, or type in your friend’s email to send it to them. Tell them to thank you later when they find a great deal on our website!
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We usually highlight coupons that are valid for the entire store, in percentage and then fixed value. After that we offer special ForexTime offers in case you are interested in buying something for a bargain.
Our goal in the 1001couponcodes.co.nz is to follow the entire internet and publish on this portal all the savings opportunities when it comes to buying, whether in the form of discount coupons or even offers. Through discount coupons, our cool readers get exclusive discounts on their purchases at ForexTime and thousands of other establishments. Our site is free, here nobody pays anything to use a discount coupon!
If you would like to thank us, share with your friends how you got "that" fantastic discount on your last purchase at ForexTime. We will be forever grateful!
And what is this ForexTime promo code?
The ForexTime discount coupon (also known as a voucher, gift certificate, discount voucher, promotional coupon, discount code, or promo code) are codes used by online stores to convince undecided customers to complete their purchase. If you enjoyed the discount offered by our coupons, we recommend that you checkout immediately as they have very limited validity.
But how do you use this ForexTime discount coupon?
ForexTime Coupon can come in 2 forms. A code to enter in the shopping cart during checkout or a specific link that applies an automatic promotion or redirects to a special offers page. We've put together a step-by-step guide to finally understanding how to use this discount coupon ForexTime:
- Click on "Get Coupon";
- Copy (CTRL + C) the coupon code and click "Go to Store";
- Some coupons are available in link format, so be smart, because when you enter the store you should realize the discount applied to the products;
- Browse ForexTime and choose the product you want. Put it in the shopping cart, paste the Coupon (Ctrl + V) into the field called "discount coupon" or "gift card";
- See if the discount was applied correctly.
The best coupons expire quickly, so we recommend finalizing your purchase.
If you liked your purchase tell everyone how you got a discount on ForexTime!