ForexTime, also known as FXTM, is another trusted broker that has served more than 4 million clients from 150 countries. This company offers two ECN accounts, namely Advantage and Advantage Plus in 1000+ trading instruments. Both accounts can be accessed on the MT4 and MT5 trading platforms with market execution.
With a minimum deposit of 500 USD/EUR/GBP or 80,000 NGN, traders can open an Advantage account and use spreads as low as 0 pip and floating leverage as high as 1:2000 for Forex, Metals, Commodities, Indices, FX indices, Stock baskets, Stock CFDs (only on MT5), and Stocks (only on MT5). The minimum volume for this account is 0.01 lots and the average commission is between 0.4 USD to 2 USD based on the trading volume. A swap-free account is available by request.
The Advantage Plus account offers the same minimum deposit, leverage, and trading volume, which are 500 USD/EUR/GBP or 80,000 NGN, up to 1:2000, and 0.01 lots, respectively. This account requires no commission; however, the offered spreads are higher and start from 1.5 pips. Furthermore, this account enables you to trade in Forex, Metals, Commodities, Indices, FX indices, Stock baskets, Stock CFDs (only on MT5), and Stocks (only on MT5). Traders can also request a swap-free account.
Payment methods: Bank wire, Credit Cards, Google Pay, Skrill, Neteller, PerfectMoney, Webmoney, Bitcoin, Local bank in Botswana
Regulations: CySEC, FSC, FSCA, FCA
Botswanan Support Desk: Yes