Forex Demo Trading Account FXTM

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You can also check the status of your deposit/withdrawal in MyFXTM . You need to ensure that you have already made a deposit using this method. For step-by-step information on how to deposit using local payment solutions, please contact your dedicated Account Service Manager. Each country or jurisdiction has its own rules for defining tax residence, which are outlined on the OECD website. Depending on where you’re a tax resident, your TIN may be another form of unique identification, called a functional equivalent. You can find details on acceptable proof of residence documents here.

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Exinity Capital East Africa Limited is regulated by the Capital Markets Authority of Kenya under license number 135. FXTM offers a variety of payment methods including credit and debit cards, e-Wallets, crypto, Bank Wire transfers and local payment solutions. Explore a range of trading tools, learn how to read charts and candlestick patterns and master key technical indicators using none of your own money. Skill up for free before moving on to trading live accounts.

The Mauritius government cooperates with other countries to counter tax evasion and therefore requests this information from financial institutions. It’s also a good opportunity to get to know your trading platform. MetaTrader offers a range of limefx indicators and timeframes designed to allow you to monitor the markets, and these can take a bit of getting used to. In addition, you can generate a report inside MyFXTM by selecting your investment account and clicking on the ‘Statement’ tab.

What is the ‘Strategy Manager Details’ box and how can I edit it?

Whether you’re an experienced trader or completely new to it, we’re here to help you get more from the financial markets. With the right licensing and regulation, those who chose to trade with us would be able do so with full peace of mind. We agreed to keep customer funds segregated, so no one would be out of pocket if things went south. That meant no stealth fees and no secrets in our trading stats.

All deposits made during the weekend/bank holidays will be processed according to the standard processing times for each payment method. You’ll need to contact your national tax authority and follow their steps to obtain your Taxpayer Identification Number (TIN). FXTM is a licensed and regulated financial institution. As such, we’re legally obliged to inform the Mauritius tax authorities of the countries in which you are considered a tax resident.

What is a strategy description?

Select the dates you wish to generate a report for and click ‘Download’. Any trading activity takes place on the Strategy Manager’s account and is copied proportionally onto your investment account. These are several posts written by Strategy Managers in order to give their investors an overview of their trading strategy and/or trading schedule. The news provides Investors with additional transparency and insights into the Strategy Manager’s style and progress. Posts will appear on a Strategy Manager’s page in the ‘News’ tab. However, if the currency between the two accounts differs then the funds will be converted based on the FXTM exchange rates on the day the funds are credited to the account.

To change your email address or phone number, please access your User Profile page in MyFXTM, click ‘Change’ under the ‘Actions’ column and follow the steps. In the email you received shortly after your registration. If you didn’t get this email, please use the password reset service. A PIN (Personal Identification Number) is needed to confirm any request to open an account or change password. Your PIN will be sent via both email and SMS, you will need to enter one of the PINs in order to proceed.

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They, in turn, under intergovernmental agreements, share this information with the tax authority of the country, or countries, in which the customer is, or potentially is, a tax resident. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Investors can follow suitable traders’ strategies (Strategy Managers) and profit from the Strategy Manager’s overall growth. You can become an investor even if you have limited knowledge and experience in forex, or limited time but would still like to trade the financial markets.

In the Accounts Overview section in MyFXTM you can see all your live, demo and investment accounts and wallets. If you haven’t received your funds in more than 5 business days you should email our Back Office department requesting a swift copy. ’ you will be re-directed to your selected E-wallet’s website in order to approve your transaction. In case of no trading activity, or if any form of abuse is found relating to the reimbursement policy, we reserve the right to reclaim any reimbursement fees. If you request to withdraw your funds after no trading activity, we reserve the right to charge you the equivalent amount of any banking fees incurred, or 3% of the total withdrawal amount. FXTM offers a variety of payment methods including credit and debit cards, e-Wallets, Bank Wire transfers and local payment solutions.

We set out three rules to guide our mission to take opportunity to the world. Trade FX, CFDs and stocks with an established global broker. The Affiliate Program is suitable for anyone who has a strong network of online followers, either through a blog, social media platform or website. FXTM Partners does not charge you any fees, however, your payment provider may charge handling fees.

Release your inner trader

There are no limits to the potential gains you can receive with FXTM Invest. However, there is always an element of risk in trading and profit is not guaranteed. Select the ‘+’ symbol on the top of your application select the category and trading instruments you want to view. Because of the spread and commission (for Advantage account) being applied. Select ‘Tools’ and then ‘New Order’ from within your trading platform. The minimum deposit required is 5,000 USD, which gives you unlimited access to our VPS service.

  • Only the person who registers for the account can trade.
  • The Company acts as a principal (therefore, the Company is the sole Execution Venue for the execution of the Client’s orders).
  • But there are circumstances where you may hold tax residency in another country, or in multiple countries at the same time.
  • To help you get started or improve your trading skills, we offer education for beginners and advanced traders in a variety of formats.

We serve a global audience from over 150 countries, with a global network of offices, spanning Europe, Africa, and Asia. We limefx scammers can’t guarantee spreads will always be as low as zero. FXTM brand is authorized and regulated in various jurisdictions.

What are your live/demo account server addresses?

You or your income may, however, be exempt from taxation based on certain national tax laws or tax treaties. As a result, it’s possible to be a tax resident of a country and not be obliged to pay taxes in that country. A Taxpayer Identification Number (shortened to TIN) is an identification number that individuals and entities use internationally for tax purposes. The way TINs are issued, structured, used, and validated varies between countries. Each country has its own specific TIN structure or format with a combination of numbers, characters, or both.

Your position will remain open and will be rolled over (at a swap charge) to the next trading day. You can find our swap fee rates in our Contract Specifications page. For further assistance, please refer to the EA provider or the MQL4 community forum. Go to the ‘Tools’ tab, select ‘Options’ then ‘Expert Advisors’ and check if the ‘Allow Automated Trading’ feature is switched on. You can find full details for each instrument on our Contract Specifications page, under Swap Free Fee and Swap Free days allowance sections.

After requesting to withdraw all your funds, choose the ‘I’d like to withdraw all funds and close the account’ option and click ‘Submit’. A percentage of the profits (from 0% – 30%) that are rewarded to the Strategy Manager for his/her positive performance. Then, select the action you want to take from the pop-up box that appears. The news tab may require additional CPU usage, which could potentially slow down your platform, during periods of heavy economic announcements. Simply select any currency symbol from the Market Watch window and then select ‘Show All’. You always have the option of changing your password by following the steps here.

What is a Strategy Manager?

We are a globally regulated broker, and for the safety of all our clients we offer segregated funds protection. MetaTrader is the universally popular online trading platform that lets you monitor the markets and trade in real-time. When you trade with us, you trade on one of these two powerful platforms, beloved by traders of all experience levels around the world. Yes, every 30 days you will receive via email an investment account statement. By clicking ” download your full report here” you can see all closed trades and profit share (%) paid to your Strategy Manager for the period. After completing the steps outlined in ‘How to deposit funds into my account?

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