FXTM, a Cypriot-regulated forex broker, announced an increase in leverage for all trading accounts on the ECN to a maximum level of 1000:1. This increase will take effect on September 1, 2016.
Margin adjustments are also applied to several major forex instruments, forex minors, and exotic pairs for all servers except Pro and Cent. These new terms will apply to any activity on a trading account, including opening, closing, or modifying positions, and are intended to help protect client equity. These new trading conditions will apply to all FXTM traders, regardless of the size of the initial deposit.
New Trading Conditions And Deposit Amount
For information, the FXTM broker provides several types of ECN accounts, including ECN MT4, ECN MT5, ECN ZERO, and Pro. Currently, ECN Zero accounts are offered with leverage up to 1000:1, but other accounts still have maximum leverage between 200:1 and 500:1. Leverage depends on the deposit amount, but this requirement will be eliminated as soon as the new trading conditions take effect next month.
In addition to ECN accounts, FXTM also offers standard trading accounts, which consist of standard, cent, and stock accounts. Earlier this August, FXTM also discontinued the minimum margin requirement for trading spot metals on all account types except Pro.
Besides that, FXTM is still actively carrying out various activities, the latest of which is the provision of the ForexTime mobile application, which allows clients of this broker to enjoy full access to MyFXTM, the client's personal area, and market updates via their smartphone or tablet.
More complete information about the FXTM forex broker can be seen on the FXTM website.
FXTM highly puts importance on order execution speed. This broker also provides floating spreads with a minimum deposit of only $10 and leverage of up to 1:1000.