ForexTime first deposit bonus and Platform and brokerage with welcome bonus and discount coupon ForexTime December 2024 New Zealand .
Best ForexTime Promo Code · ForexTime Discounts & History
FXTM or ForexTime was founded in 2011 and is a global CFD and FX broker. It is regulated by several financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). FXTM is considered safe because it is regulated by the top-tier FCA.
FXTM customer service gives fast and relevant answers. They can also be contacted in many languages. You can use a lot of educational tools, including a demo account and live webinars. Account opening is fast and fully digital.
Discount | Description | Expiry Date |
---|---|---|
$300 | $300 forex trading bonus
| 2024-12-11 |
$ 10,000 | Bonus ForexTime loyalty program fxtm
| 2024-12-04 |
$50 | Refer a friend and earn $50
| 2024-12-05 |
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.
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.
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:
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.
FXTM | XM | XTB | |
---|---|---|---|
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.
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Trade Major Pairs with Minor Fees
$300 forex trading bonus
Bonus ForexTime loyalty program fxtm
Refer a friend and earn $50
ForexTime has great savings and deals
To use a ForexTime coupon, copy the related promo code to your clipboard and apply it while checking out. Some ForexTime coupons only apply to specific products, so make sure all the items in your cart qualify before submitting your order. If there's a brick-and-mortar store in your area, you may be able to use a printable coupon there as well.
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An ForexTime discount code is an alphanumeric code which, like coupons or paper discount vouchers, allows you to receive a fixed discount or a percentage discount on your purchase. So, in addition to the affordable prices and offers already available on ForexTime, you can get an additional discount on the total of your cart or on shipping.
*Risk alert: Trading and other derivatives is highly speculative and represents a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Get independent advice, if necessary.
FXTM has a great mobile trading platform, offered by MetaTrader 4. It is well-designed and user-friendly. FXTM offers MetaTrader 4 and MetaTrader 5 mobile trading platforms. Similarly to the web trading platform, we tested the MetaTrader 4 mobile trading platform.
MetaTrader 4 is available for both iOS and Android. We tested it on Android.
After you download the MT4 mobile trading platform, you have to access the FXTM server, e.g.
ForexTime-ECN.
Just like at the web trading platform, you can choose from a lot of languages on the mobile trading platform too. Changing the language is a bit tricky on Android devices. You can do it only if you change the default language of your mobile.
Discount Codes | 8 |
Best ForexTime Coupon | $300 |
Working Promo Codes | 0 |
Redeemed Codes | 2 |