Located in Limassol, Cyprus, Forex time broker is a brand of Trading Point Holdings Ltd. It is regulated by CySEC with a license number 185/12 and is registered with the UK FCA with a reference number 600475.
Forex time broker offers the following special bonuses and promos to all its clients.
The commission on trades with Forex time brokers are enhanced STP platforms and have been reduced to $2 per standard lot.
b. CASH BACK BONUS
Forex time broker offers its traders a cash back bonus which pays back as much as $2 per traded lot to the trader, for a total of 200% of the account deposit.
c. WEEKEND ROLL OVER CHARGES
Forex time brokers do not give out roll over charges to traders at the moment.
CHARACTERISTICS OF FOREX TIME BROKERS
1. TYPES OF ACCOUNTS
Forex time brokers offer two types of accounts to traders. These accounts are grouped into STANDARD and ECN accounts. In Standard accounts, the broker offers clients a marker maker execution model for trades, with a minimum deposit of $1 and a minimum lot size of 0.01 lots. The leverage is between 1:25 to 1:1000. It allows the use of hedging strategies and EA.
The ECN accounts available on forex time brokers comes with a feature which are compatible with Islamic injunctions on investments where the minimum deposit is set at $200 with a minimum lot of 0.01 lots and a maximum leverage of 1:500. The commission paid on this type of account ranges from 2% to 7%. Some other types of the ECN accounts have a set commission at $2 per standard lot.
2. TRADING PLATFORM FEATURES
Forex time brokers use MT4 and MT5 galore for traders. The two trading platforms all run on WINDOWS software, Mac, Android and iOS respectively. This is made so to increase flexibility on the part of the trading platforms.
3. CUSTOMER CARE SERVICES
Forex time brokers have a customer care service which runs on a 24/7 basis on all platforms i.e. email, live chat and phone calls. The customer service is very responsive and professional. With forex time brokers, help is just a click away when you are stranded.
4. CURRENCY PAIRS TRADED
Forex time brokers offers trade in all major currency pairs. Although they tend to trade more in the major currency pairs but you can also trade with the minors if that is where your interest lies.
5. EDUCATING CLIENTS
Forex time brokers usually take their time to educate clients on the latest market trends and how to trade in the currencies effectively. This is usually accessible on their sites.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.