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Votes: 0

ForexTime (FXTM)

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Dec 23, 2011 12:39 pm
#1
megrawab Hostedslavebeta

Posts: 332
Member since: 16/08/2011

Rate the broker you know! Brokers can reply to traders' reviews after properly identifying themselves.

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No thread for this yet so I will open one. 

Well, what I can say about this broker is that it seems to be a technology driven broker whan you look at the site for the first time. There is no minimum deposit. Country of origin is New Zealand. I think it is a new broker but it is already been awarded with "Best Trading Platform of The Year" by hexun China. 

 

ForexTime FXTM Website

 

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Jan 03, 2012 04:41 pm

Posts: 939
Member since: 21/04/2011

They dont have much variations in accounts. The good thing is that there is no minimum deposit. For pam and ecn the min deposit is only 200usd or 200eur. I cant see any information about spreads.

Stick to your rules

Jan 04, 2012 08:07 am
megrawab Hostedslavebeta

Posts: 332
Member since: 16/08/2011

Originally posted by uniquetrader
They dont have much variations in accounts. The good thing is that there is no minimum deposit. For pam and ecn the min deposit is only 200usd or 200eur. I cant see any information about spreads.  


  It's on the "Trading Terms  --> Contract Specifications". The minimum spread is 0.5 pip at Eur/Usd but the typical is 1.5 pips. At ECN, typical is 1 pip. Have you seen their promotion? It's free 3000 USD, the disadvantage is that you cannot withdraw the bonus as well as the profits because the bonus is specifically designed for PAMM Traders (PAMM account managers) only.

I am a hosted slave beta.

Jan 05, 2012 06:08 pm
ironical User

Posts: 734
Member since: 22/04/2011

Originally posted by megrawab

 

Originally posted by uniquetrader
They dont have much variations in accounts. The good thing is that there is no minimum deposit. For pam and ecn the min deposit is only 200usd or 200eur. I cant see any information about spreads.  



  It's on the "Trading Terms  --> Contract Specifications". The minimum spread is 0.5 pip at Eur/Usd but the typical is 1.5 pips. At ECN, typical is 1 pip. Have you seen their promotion? It's free 3000 USD, the disadvantage is that you cannot withdraw the bonus as well as the profits because the bonus is specifically designed for PAMM Traders (PAMM account managers) only.



So the bonus is only for PAMM account managers? Coz if traders cannot withdraw bonus or profits then what is its use? mm maybe to compensate loss.

The good or ill of a man lies within his own will. – Epictetus

Jan 06, 2012 08:34 am
megrawab Hostedslavebeta

Posts: 332
Member since: 16/08/2011

Originally posted by ironical
So the bonus is only for PAMM account managers? Coz if traders cannot withdraw bonus or profits then what is its use? mm maybe to compensate loss.


  - well maybe yes. Actually I was also a little disappointed when I first heard about the bonus but I also realized that we as traders at first look, won't be able to see it's help as it would just look to be a demo for us. But thinking it deeply, for PAMM traders (or managers), it's a good way to boost their performance rating; since we (I mean we as PAMM Investors) need performance of managers when we invest on PAMM traders. They won't need to invest their own money (for a year) just to prove that they are profitable traders.  That means there is no risk on PAMM trader's capital.

[grin]

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