Is FXTM legit in Nigeria?

Is FXTM a Legit broker? FXTM is regulated with 3 Top-tier regulators i.e. FCA, CySEC & FSCA. They are also licensed by multiple other foreign regulators. So, they are considered a legit CFD broker because of their licenses with multiple regulations.

Can I use FXTM in Nigeria?

FXTM is proud to have been one of the first brokers to establish a serious presence in Nigeria, and offer access to the financial markets to investors throughout the country and the wider African continent. As part of this commitment, we have established offices in Lagos and Abuja.

How do I withdraw from FXTM in Nigeria?

How can I withdraw funds from my account? Go the Withdraw page within the ‘My Money’ section in MyFXTM. Select the payment method and click ‘Withdraw’. Select the MyFXTM account or wallet you wish to withdraw funds from and complete the necessary fields.

Can I trust FXTM?

Yes, FXTM is a legit broker, as each of the entities and brands that it serves is authorized and regulated by various global jurisdictions. The main entity ForexTime Ltd is regulated by CySEC of Cyprus, authorized by FSCA of South Africa, and additional offshore authority FSC in Mauritius.

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How do I fund my FXTM account in Nigeria?

How can I deposit funds into my account?

  1. Open the Deposits page within the My Money section in MyFXTM.
  2. Choose your preferred deposit method and click ‘Deposit’.
  3. Select the MyFXTM account or wallet you wish to deposit funds into and complete the necessary fields.
  4. Confirm your deposit details in the next page.

How long is FXTM withdrawal?

Withdrawals are processed by FXTM within 24 hours of your request. The funds will be posted to your Debit/Credit card within one business week of being processed by us. There may be a delay if we are unable to verify your information. You can withdraw funds using your card only if the same card was used for deposit.

Which is the best forex broker in Nigeria?

Top 10 Forex Brokers In Nigeria

  • Markets.com – Best Forex Broker In Nigeria.
  • Pepperstone – MT4 Best Forex Trading Platform.
  • FP Markets – STP Forex Trading Account.
  • FXTM – Nigerian Naira (NGN) Funding.
  • IC Markets – Lowest Spread Nigerian Broker.
  • HotForex – Best High Leverage Forex Broker.

Who is the owner of FXTM?

Andrey Valerievich Dashin owns both Alpari and another foreign exchange broker FXTM, also known as ForexTime.

Does FXTM have bonus?

FXTM does not offer a sign-up bonus. When new traders register a real account with FXTM, despite the account type, they are not provided with a sign-up bonus. FXTM also does not offer a welcome bonus, deposit bonus, or the advantage of a no-deposit bonus when traders register a real account for the first time.

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Is FXTM good for beginners?

Based on our scoring methodology, FXTM is not considered good for beginners.

Is FXTM legal?

Is FXTM regulated? Yes. FXTM is a registered brand name of Exinity Limited, regulated by the Financial Services Commission of Mauritius with license number C113012295. You can find out more in our Licensed Broker page.

What happened to FXTM?

The reason why FXTM decided to suspend its retail business is to focus exclusively on professional and institutional traders. ForexTime Limited, the CySEC-regulated arm of Andrey Dashin’s FXTM brand, is ceasing its services to retail investors in Europe, effective February 26, 2021.

Does FXTM have Nasdaq?

With FXTM stock trading, you can choose from some of the best known brand names on the NYSE and Nasdaq. You’ll also receive free access to real time price data, and real-time trade execution to help you make the most of your investments.

How do I verify my FXTM account?

Verify your profile by uploading clear colour copies (mobile photo or a scan) of the following documents:

  1. Proof of identity – passport, national identity card or driving license. …
  2. Proof of address – bank/card statement or utility bill, issued no longer than 3 months ago.

What is the spread of FXTM?

A spread is the difference between the ask price and the bid price. In other words, it is the cost of trading. For example, if the Euro to US dollar is trading with an ask price of 1.14010 and a bid price of 1.14000, then the spread will be the ask minus the bid price.

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