FXTM LAUNCHES OVER-THE-WEEKEND (OTW) ACCOUNT
Any experienced trader knows that one of the downsides of executing a medium-to long term forex trading strategy is the necessity of leaving positions open overnight – this is when trades incur rollover charges, also known as forex swap rates. In response to this, international forex broker Forex Time Ltd (FXTM), has just announced that they are launching an "Over-the-weekend (OTW)" account, where traders can enjoy swap-free trading from Monday to Friday.
Running from 1 June to 31 August 2013, the "OTW" account means that Forex Time clients can benefit from trading swap-free during the week on any trading instrument and they will only be charged a small weekend fee every Friday at market close.
Olga Rybalkina, CEO of Forex Time, said: “At Forex Time our priority is always to ensure that our clients get the maximum value from the time they spend trading. In response to their growing needs, we have launched the OTW account for the summer period, to give even more to the trading experience.”
A forex rollover or swap is the interest added or deducted for holding a position open overnight. The Forex Time OTW account allows clients to trade swap-free and for positions to be held for any length of time from Monday to Friday without incurring any additional fees or charges. If clients choose to leave any positions open over the weekend they will be charged a small weekend fee on Friday at market close.
The OTW account is one of several initiatives by Forex Time which puts traders and the trading experience at the heart of the international broker’s operations. Committed to ensuring client satisfaction and helping traders get more out of their trading experience, Forex Time has also recently launched the FXTM margin calculator and VPS hosting services.
For more information please visit http://www.forextime.com/goodbye-swaps
-ENDS-
Risk Warning: There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. If the risks involved seem unclear to you, please seek independent financial advice.
NOTES TO EDITORS
ForexTime Ltd (FXTM) is a forex broker founded by Andrey Dashin in December 2012. FXTM provides access to the global currency market and offers trading in forex, precious metals, Share CFDs, ETF CFDs and CFDs on Commodity Futures. Trading is available via MT4, MT5 and Zulutrade platforms with spreads starting from just 0.5 on the Standard MT4 trading platform and from 0 on the ECN.MT4 and EC.MT5 trading platforms. Bespoke trading support and services are provided based on each client’s needs and ambitions - from novices, to experienced traders and institutional investors. The company is registered as a Cyprus Investment Firm under registration number HE310361 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 185/12.
Any experienced trader knows that one of the downsides of executing a medium-to long term forex trading strategy is the necessity of leaving positions open overnight – this is when trades incur rollover charges, also known as forex swap rates. In response to this, international forex broker Forex Time Ltd (FXTM), has just announced that they are launching an "Over-the-weekend (OTW)" account, where traders can enjoy swap-free trading from Monday to Friday.
Running from 1 June to 31 August 2013, the "OTW" account means that Forex Time clients can benefit from trading swap-free during the week on any trading instrument and they will only be charged a small weekend fee every Friday at market close.
Olga Rybalkina, CEO of Forex Time, said: “At Forex Time our priority is always to ensure that our clients get the maximum value from the time they spend trading. In response to their growing needs, we have launched the OTW account for the summer period, to give even more to the trading experience.”
A forex rollover or swap is the interest added or deducted for holding a position open overnight. The Forex Time OTW account allows clients to trade swap-free and for positions to be held for any length of time from Monday to Friday without incurring any additional fees or charges. If clients choose to leave any positions open over the weekend they will be charged a small weekend fee on Friday at market close.
The OTW account is one of several initiatives by Forex Time which puts traders and the trading experience at the heart of the international broker’s operations. Committed to ensuring client satisfaction and helping traders get more out of their trading experience, Forex Time has also recently launched the FXTM margin calculator and VPS hosting services.
For more information please visit http://www.forextime.com/goodbye-swaps
-ENDS-
Risk Warning: There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. If the risks involved seem unclear to you, please seek independent financial advice.
NOTES TO EDITORS
ForexTime Ltd (FXTM) is a forex broker founded by Andrey Dashin in December 2012. FXTM provides access to the global currency market and offers trading in forex, precious metals, Share CFDs, ETF CFDs and CFDs on Commodity Futures. Trading is available via MT4, MT5 and Zulutrade platforms with spreads starting from just 0.5 on the Standard MT4 trading platform and from 0 on the ECN.MT4 and EC.MT5 trading platforms. Bespoke trading support and services are provided based on each client’s needs and ambitions - from novices, to experienced traders and institutional investors. The company is registered as a Cyprus Investment Firm under registration number HE310361 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 185/12.
