20/11/ · FXTM Nigeria Review FXTM Nigeria is a popular forex broker that is well regulated with multiple top-tier regulators. But their trading & non-trading fees is higher compared to other brokers. Open Account Note: Forex & CFD Trading is Risky. ForexTime (FXTM) is a popular forex & CFD broker that was founded in Broker Name: FXTM Nigeria 16/03/ · Recommended broker. Visit FXTM Nigeria. FXTM was the first big brokerage that started offering services in Nigeria and currently has two offices in the country – one in Lagos and one in blogger.com you are a Nigerian trader looking for a broker to open an account with, FXTM Nigeria should definitely be one of your first stops – they are one of the most affordable 13/01/ · FXTM is a well-regulated & popular Market maker CFD broker in Nigeria that was launched in The broker offers competitive spreads with ECN accounts and allows traders to choose from a wide variety of trading instruments from multiple account types. FXTM has its headquarters in Cyprus but also has a local office in Lagos, Nigeria.4/5
FXTM Nigeria - Trading at FXTM for Nigerians
FXTM is the 1 rated forex broker for Nigerian traders according to our reviews. But their spread is higher than other brokers, is fxtm legit in nigeria. 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 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.
Great, right! All the accounts at FXTM have multi-platforms support, which means you can trade with your mobile, laptop and tablet as well. All in all, FXTM is in the best choice for Nigerian traders.
FXTM is a well-regulated forex broker, so trading with them can be considered safe. All these regulations make Forextime a trusted broker in terms of safety of your funds, since FXTM is regulated with multiple regulators.
Although FXTM registers its Nigerian client under offshore regulation to offer higher leverage, but since the broker is multi-regulated, we consider them to be a low risk broker for depositing your funds for trading CFDs. Almost all traders have found FXTM to is fxtm legit in nigeria very timely in processing withdrawals or any investor concerns related to safety of funds.
But with their ECN accounts, their fees is lower. But still it is not too high when is fxtm legit in nigeria look at the overall fees. But their fees is quite low with Advantage account type. If you trade more volume, then their ECN type account is perfect as their spread plus commission is the lowest with their Advantage Account.
Overall, traders looking for low fees should choose this account type, and not trade on Micro or Standard Account. Forextime is one of the few forex brokers that allows Nigerian traders to maintain accounts with them in Naira. This means that you can deposit in NGN, is fxtm legit in nigeria, and your profits can also be withdrawn in Naira in your Nigerian bank account. The company has 3 Standard trading accounts. The traders can trade all major, minor currencies, Spot metals with a leverage of up to You will be instant execution of your trades.
The spread starts from 1. The Standard account offers lower spread from 1. It is similar to the FXTM Micro account, is fxtm legit in nigeria, the main difference is that you can trade CFD Indices, and Stock CFDs with MT4 account. Open Account. Instead they only have 3 account types now, is fxtm legit in nigeria.
FXTM now offers Advantage Account which is an ECN type account. The spread starts is fxtm legit in nigeria 0 pips, but there is a commission per lot. FXTM offers market execution with Advantage account. There is no maximum deposit for the Advantage account type. There is no maximum number of orders, although the maximum number of orders pending at one time can be 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 is fxtm legit in nigeria can trade with their own money, allowing them to build an understanding of the financial instruments.
To start trading all you need to create an account with FXTM and choose a trading plan as per your requirement. 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, is fxtm legit in nigeria. 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. 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 allows its users to trade in a wide range of financial instruments such as forex, is fxtm legit in nigeria, CFDs on spot metals, share CFDs, CFDs on commodity futures, is fxtm legit in nigeria, as well as CFDs on cryptocurrencies.
Forex trading services are available 24X5. The broker offers tight spreads of 1. 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. This financial instrument allows users to access the stock market without having to take ownership of the asset. FXTM offers CFDs in more than major company shares including Apple, Amazon, Microsoft, and Alibaba.
The trades are executed instantly, saving the precious time of the users. 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 is fxtm legit in nigeria generate large amounts of profits. 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.
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. 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. 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. We will update this section if FXTM rolls out any new bonus offers in future.
After opening the FXTM trading account, you will get the bonus after you make your first deposit, is fxtm legit in nigeria. This credit is fully tradable and can be is fxtm legit in nigeria to place live orders, is fxtm legit in nigeria.
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! The best part about FXTM is that the company rewards its users in real cash which is actually withdrawable. This is fxtm legit in nigeria 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. 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 shines with their excellent Customer support. 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.
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, is fxtm legit in nigeria, 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 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. FXTM is regulated with 3 Top-tier regulators i. They are also licensed by multiple other foreign regulators. So, they are considered a legit CFD broker because of their licenses with multiple regulations.
FXTM (Forex Time) Review/ Real Customer Reviews
, time: 3:47FXTM Nigeria Review | ForexTime Minimum Deposit | Abuja Office
16/03/ · Recommended broker. Visit FXTM Nigeria. FXTM was the first big brokerage that started offering services in Nigeria and currently has two offices in the country – one in Lagos and one in blogger.com you are a Nigerian trader looking for a broker to open an account with, FXTM Nigeria should definitely be one of your first stops – they are one of the most affordable 13/01/ · FXTM is a well-regulated & popular Market maker CFD broker in Nigeria that was launched in The broker offers competitive spreads with ECN accounts and allows traders to choose from a wide variety of trading instruments from multiple account types. FXTM has its headquarters in Cyprus but also has a local office in Lagos, Nigeria.4/5 20/11/ · FXTM Nigeria Review FXTM Nigeria is a popular forex broker that is well regulated with multiple top-tier regulators. But their trading & non-trading fees is higher compared to other brokers. Open Account Note: Forex & CFD Trading is Risky. ForexTime (FXTM) is a popular forex & CFD broker that was founded in Broker Name: FXTM Nigeria
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