ForexTime (FXTM) has introduced the ECN Zero Account, an account through which traders can take full advantage of the traditional account type trading minus the commission charges that are usually charged.
|Account Currency||USD / EUR / GBP / NGN 1|
|Leverage / Margin req.||Floating from 1:500 - 1:255|
|Minimum deposit||$/€/£ 200, ₦20 0001|
|Order execution||Market Execution|
|Limit & Stop Levels||X|
|Pricing||5 decimals for FX (3 on JPY pairs), 2 decimals for Spot Metals|
|Trading Instruments||Majors, Minors, Exotics9 — 47, Spot Metals — 5, Spot CFDs — 1419|
|Micro Lot (0.01)||V|
|Mini Lot (0.1)||V|
|Standard Lot (1)||V|
|Maximum Volume per Trade||100|
|Maximum Number of Orders||Unlimited|
1 NGN accounts are only available to clients in Nigeria.
5 The Leverage / Margin requirements may be subject to change as a result of applicable regulations in your country of residence. For residents of Poland, the maximum leverage is 1:100.
6 On ECN MT4, ECN Zero and ECN Pro, in the hour before the close of the trading session on Friday, the Stop Out and Margin Call levels are changed from 50% to 100% and from 80% to 130% respectively.
8 Spread may increase depending on market conditions.
9 Exotic pairs are not available for swap-free accounts.
19 FXTM applies dividend adjustments on Shares and Spot Indices when positions remain open on the ex-dividend date. If a client is holding buy positions his/her account will be credited with the fixed dividend amount. If a client is holding sell positions then the dividend amount will be debited from his/her account.