Friday, July 31, 2020

Broker FXTM

I already have an account with FXTM but no money and had done no trading yet. But now activating one with this broker seem important and necessary. At the moment I have some accounts trading like Jabrix on demo on the brokers demo account. Why its required as it dont charge commission (even for demo) on trades taken. Jabrix really need all it can get as it works on tiny winnings. What we see, It cant actually survive the total commission when trading with Liteforex which charge commission in its demo account. But not in its real cents account. Wonder why.

On top of that, FXTM can accept deposit through local bank with commission. To avoid any commission it accept withdrawal without commission with Netteller which account i have. But Netteller charge 1.45% as withdrawal fees. But worth exploring other means of withdrawal from FXTM with those with fixed USD withdrawal commission which we can live with if the withdrawal amount is big enough.

Sorry FXTM charge 1.5% for transfer to local banks
Credit/Debit card  3usd
So thats a better deal than Netteler, ya