One of the forex brokers based in Cyprus, FXTM or Forex Time, has again launched a new offer for its clients: the commission-free ECN Zero account. Basically, commissions, especially high commissions, are one of the drawbacks of ECN accounts. Brokers require commissions as their income. But apparently, this is not the case for ECN accounts with FXTM.

An MT4 ECN account will normally charge a commission of $5-$20 per one million units of currency traded. However, this ECN Zero account launched by FXTM can be used without paying a penny of commission. In addition, not only for the MT4 platform, on the MT5 platform, until the end of this year, ECN Zero accounts are also free of charge! We might expect that instead of being commission-free, the initial deposit to open this account will usually be very high. But it wasn't! FXTM is truly being kind.

Using this ECN Zero account, traders can trade 38 currency pairs, gold, and silver, with leverage up to 1:500. The spread is also not suffocating, starting from 0 pips. For Muslim traders, ECN Zero also comes with a sharia basis, namely the ECN Zero Amanah account, which is swap-free. In lieu of swaps, ECN Zero Amanah account holders must share 2%-7% of their trading profits with the broker, and the percentage depends on the balance in the client's account.