Profit Share System In FXTM's Swap-Free Account

For swap-free accounts, there is no minus or positive (additional) when there are orders that have not been closed for days (more than one day). So if a minus order remains minus. If a positive order remains positive.

There is only a profit that is deducted by the broker. If it should be a profit of 1 dollar, then a certain percentage is deducted. If the rules are like that, then traders must follow the rules of the broker in question.

Thanks.

Profit sharing in the FXTM Amanah account means that clients are not charged swap/rollover fees, but FXTM will request a portion of the profit earned. Depending on the size of the capital, the requested portion ranges from 2-7%. Here are the details:
Balance: 0 - 10K; profit sharing percentage: 7%
Balance: 10K - 50K; profit sharing percentage: 5%
Balance: 50K - 100K; profit sharing percentage: 3%
Balance: more than 100K; profit sharing percentage: 2%

This means, for example, if a client has a balance of 1,000 USD in their account, and in a particular trade they make a profit of 50 dollars, then (50x7%) = 3.5 dollars will be deducted from that trading profit.

In my opinion, this swap-free account with profit sharing will be beneficial if you often leave orders open for more than one day (swing trader or long-term trader), but it will be less suitable if you like scalping or carry trade.

I want to hold a buy EUR/TRY position for 30 days on a swap-free account. Unfortunately, my swap-free accounts at FXCM and Forex.com were cancelled due to this position. Which regulated broker allows such a position? Thank you.

bs too bro on a safe fxtm account....

then there's also at IC markets...

but regarding the pair eur/try, it seems you need to ask cs first. because even though there is a eur/try pair on that broker, it's not yet known whether it can be used with a swap-free account or not....

That account is no longer available on FXTM.. but swap free can still be activated on certain account types that still exist there.

I see that the fxtm site is detected as a scam site via the mozilla plugin. Does the website really choose credible Brokers? How does the Admin choose trustworthy brokers from the list of brokers shown on the starpeaktrade site?

Are you sure the brokers you recommend are trustworthy? I want to know how you choose trustworthy brokers...?
So that starpeaktrade can be said to be true forex education...?

And is it true that the Brokers on starpeaktrade are your sponsors...? Are you neutral in choosing brokers, even if they are your sponsors...?

We can guarantee that FXTM is not a scam site, because this broker is licensed by the UK (FCA) and Cyprus (CySEC) authorities, has a clear office address, and clear liquidity providers, so its existence is known. You need to know that the FCA and CySEC are government institutions like Bappebti, and moreover, the UK FCA is also one of the most bonafide regulators in the World. Then, last March and April, FXTM also held free forex seminars in Surabaya and Malaysia, and this is real with speakers directly from headquarters. Of course, this does not remove the possibility of other weaknesses of FXTM; but regarding credibility, FXTM is clearly not a scam.

We at starpeaktrade always strive to be neutral and transparent. If a broker is not yet regulated, we will say it is not yet regulated. If there are bad broker testimonials, we will not cover them up either. There are many brokers all over the world, and indeed not all of them can be discussed here, but all the information we provide, we strive for the best, and if there are errors, we will strive to correct them immediately. 

Now, regarding why the FXTM site is detected as a problematic site via the Mozilla plugin, you need to know that the Indonesian government is blocking access to foreign broker sites. This sometimes causes the browser to misidentify a bonafide site as a scam. If you use a proxy or VPN, access to the site will be smooth without any scam indication. The government's blocking of foreign broker sites makes such browser detection unreliable. If you are looking for a worthy broker, we suggest you look at several categories in our article on how to choose a good forex broker, including: according to your needs, clear identity (including correct address), smooth communication, regulated, popular, good performance and applications, and supports the provision of tight spreads.

FXTM is a good broker.

Sir, I want to ask about FXTM, how is the credibility of this broker in Indonesia so far?

@ Adam:
This ForexTime (FXTM) broker was founded by Andrey Dashin (one of the founders of Alpari broker), is headquartered in Cyprus and is officially only regulated by the Cyprus CySEC and the IFSC Belize. FXTM is also registered with the FCA (UK) and recently opened an office in London.
I think it's worth a try, but with not too much money. You can read reviews for this broker here.

Is our money safe with FXTM? Does FXTM have the ability to use/withdraw our funds other than for trading? Is it easy to withdraw? Is our money guaranteed by the government that gave the license?

If trading results in a loss, that's our risk. The important thing is that our remaining funds are safe, guaranteed by the government and we can withdraw at any time. Please enlighten me, sir. Thank you.

To George,

“Is our money safe at FXTM?”

Whether or not a customer's funds are safe at a forex broker depends on the regulatory status of the broker in question. The more reputable the regulatory body overseeing a broker, the more secure customer funds will be. Regulatory bodies considered very reputable and credible include ASIC (AU), FCA (UK), FSA (JP), NFA (US), etc.

According to our research, FXTM broker has been regulated by several regulatory bodies, here's a review.  

“Does that mean FXTM can use/withdraw our funds other than for trading?”

What do you mean? Could you please explain again?

 

“Is it easy to withdraw?”

Regarding Withdrawal or Deposit, this of course follows the rules and standard operating procedures set by the broker.

 

“Are our funds guaranteed by the government that gave the permit?”

Do you mean the Indonesian government? If so, the answer is No. All forex brokers from abroad are not regulated by the Indonesian government (even if the broker has a license from a reputable regulatory body). Unless the broker obtains a permit from the Indonesian regulatory body, Bappebti. Therefore, in this case, the government will not guarantee the security of funds or the trading atmosphere for anyone who trades with a forex broker that is not regulated by Bappebti.

Hope this helps

Master, I want to ask. For Indonesian clients, is trading with FXTM broker safe/good? I once tried a demo account. When I called their CS, it said Malaysia... where is the FXTM broker located?

@ Silva:

From the information we have, this FXTM broker is based in Cyprus and has representatives in many countries. The broker claims to be regulated by the FCA UK and CySec Cyprus

Regarding security, it is usually better to choose a broker that is already regulated by a credible international regulatory body, namely: CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC and FMA.
A credible regulatory body is one that has been tested and is internationally recognized, and provides strict sanctions to brokers if they are found to have violated agreed-upon terms. The regulatory body is also responsible for the security of client funds.

So if FXTM is already regulated by the FCA UK, it should be safe. Please try the demo first. The decision to choose which broker you like is entirely up to you.