FXTM Introduces New Indices & Zero Spreads On Forex Majors
FXTM has brought out 11 new currency and stock basket indices in response to elevated market volatility in 2020. The brokerage has also introduced zero-pip spreads and ultra-low commissions on major forex pairs. This is great news for traders looking for competitive fees and dynamic new trading products.
FXTM’s new Currency and Stock Basket indices consist of 6 forex indices and 5 new stock indices. The FX indices track the performance of the most popular currencies (including EUR and USD) against other currencies, whilst the new stock indices monitor trending retail spaces, including vegan-related companies. These latest products offer clients a new way to trade on the financial markets and will catch the attention of aspiring traders.
The move is expected to encourage new and innovative trading opportunities for traders using the ECN account. A full list of the new products are as follows:
- EUR Index
- USD Index
- GBP Index
- JPY Index
- NZD Index
- AUD Index
- Green Index
- Vegan Index
- Social Index
- Mobile Index
- Space War Index
Note that the new indices are only available on the ECN MT4 trading account.
Zero Spreads On FX Majors
Traders can now also enjoy zero spreads on major currency pairs (including EURUSD and GBPUSD) in the ECN MT4 and MT5 accounts, as well as highly competitive commissions as low as $0.2 per lot. This is more good news for traders who will welcome a reduction in fees.
Note that ECN commissions are floating and depend on trading volume and equity.
Start Trading With FXTM
If you’re interested in trading some of the exciting new products with FXTM, you can register for an ECN account on the broker’s website. For more information, check out our FXTM review. If you already trade in the ECN account, you can simply log in and start trading straight away.
ForexTime (FXTM) is an established broker regulated in multiple jurisdictions, including with the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). It’s also a highly rated forex broker within the industry offering multiple payment options, alongside advanced analysis tools and mobile trading platforms.