Types of pending orders requesting a broker to buy or to sell a financial security under pre-defined conditions in the future. We outperform other platforms in detecting fake reviews—our system gets smarter with more reviews. Using automated and human analysis, we monitor review trends, company history, and network and engagement patterns to flag suspicious reviews. Spam reviews appear in the spam tab, alerting the community, and repeated abuse may trigger manual violations. If you’ve chosen your preferred platform, log in or register to download it right now – it should only take you a few minutes.
Forex trading in Nigeria
FXTM adopts robust security protocols to safeguard client funds and personal data. Advanced encryption technologies and strict verification procedures are in place to protect against fraud and unauthorized access. Backed by multiple international regulations and a global client base exceeding two million users xcritical official site in over 150 countries, FXTM delivers security, transparency, and robust support. ForexTime will be launching MT5 in the near future, we will keep our registered clients posted and will also update our website accordingly.
While some traders thrive on the volatility and can generate significant income, it’s important to remember that Forex trading also carries risks, and losses are a part of the journey. FXTM firmly believes that developing a sound understanding of the markets is your best chance at success as a forex trader. That’s why we offer a vast range of industry-leading educational resources in a variety of languages which are tailored to the needs of both new and more experienced traders. Once you’re ready to move on to live trading, we’ve also got a great range of trading accounts and online trading platforms to suit you. FXTM offers hundreds of combinations of currency pairs to trade including the majors which are the most popular traded pairs in the forex market. These include the Euro against the US Dollar, the US Dollar against the Japanese Yen and xcritical the British Pound against the US Dollar.
- You can find out more about how currency pairs work by heading to our breakdown of major currency pairs.
- FXTM adopts robust security protocols to safeguard client funds and personal data.
- Historically, these pairs were converted first into USD and then into the desired currency – but are now offered for direct exchange.
- With no commission fees and highly competitive pricing, it presents an attractive solution for traders focused on stock market opportunities.
Cross currency pairs
It is the ratio of your Equity to the Used Margin of your open positions, indicated as a percentage. Put simply, Margin Level indicates how “healthy” your trading account is.As a formula, Margin Lev… Forex (also known as FX) is short for foreign exchange the global marketplace to buy and sell foreign currencies. To start trading, users need to complete the registration process on their website, submit personal details, and provide identity verification documents. When comparing FXTM with Pepperstone, both brokers are renowned for their competitive pricing and robust trading infrastructure.
FXTM demonstrates a strong commitment to transparency through clear and accessible information about its services. The broker provides straightforward communication regarding account types, trading fees, and execution practices, helping clients make informed decisions. Client funds are maintained in segregated accounts at reputable banks, separate from the company’s operational funds. This ensures that in the unlikely event of company insolvency, client money remains protected. FXTM also offers negative balance protection across all its entities, so clients cannot lose more than their initial deposits, even in highly volatile markets. Get a totally localised trading experience with our Naira account, designed with our Nigerian clients in mind.
Forex trading, while offering substantial profit opportunities, does come with risks. The forex market tends to be more volatile than, for example, the stock market, with countless transactions taking place every minute. FXTM offers a number of different trading accounts, each providing services and features tailored to a clients’ individual trading objectives. Most online brokers will offer leverage to individual traders, which allows them to control a large forex position with a small deposit. It is important to remember that profits and losses are magnified when trading with leverage. Forex is traded on the forex market, open to buy and sell currencies 24 hours a day, five days a week.
The top of the bar shows the highest price paid, and the bottom indicates the lowest traded price. It is the smallest possible move that a currency price can change which is the equivalent of a ‘point’ of movement. In EUR/USD for example, USD is the quote currency and shows how much of the quote currency you’ll exchange for 1 unit of the base currency. This ‘currency pair’ is made up of a base currency and a quote currency, whereby you sell one to purchase another. The price for a pair is how much of the quote currency it costs to buy one unit of the base currency. You can make a profit by correctly forecasting the price move of a currency pair.
Feeling a little unsure about which version is right for you and your trading? Contact our friendly Customer Support Team who will be more than happy to help. We break down this indicator into easily understood information to help you level up your forex trad… Empower your trading with essential skills through our comprehensive online resources. Compare real-time quotes for FXTM and Pepperstone in the table below. It provides actionable data to help you choose the best trading opportunities.
- Established in 2011, FXTM has grown into a trusted name with a strong presence across Europe, Africa, Asia, and Latin America.
- Choose from two accounts, each one made to help you find your opportunity.
- Wherever you are in the world, we hold your funds with top tier banks, fully segregated from assets of the firm.
CURRENCY
The Advantage Stocks Account is purpose-built for traders who specialize in equities and want direct access to global stock markets. Available exclusively on the MetaTrader 5 platform, this account offers trading on over 600 major company shares with spreads starting from just 6 cents. With no commission fees and highly competitive pricing, it presents an attractive solution for traders focused on stock market opportunities. For those seeking simplicity and a commission-free trading model, the Advantage Plus Account is a practical and efficient choice.
FXTM provides a range of commodity CFDs covering spot metals like gold and silver, energy products such as crude oil and natural gas, and a selection of soft commodities. These assets are suitable for traders looking to diversify or hedge their positions, and they come with competitive spreads and flexible margin requirements. The commodity offering caters to both speculative traders and long-term investors.
