Cypriot retail Forex broker ForexTime Ltd (FXTM) today announced it is hiking maximum leverage on ECN Zero accounts. Owners of such accounts can now make use of a maximum leverage of 1:1000, one of the most generous offers in the industry.
The high leverage translates into a low margin requirement, of course. Also, it enables one’s balance to sustain higher drawdown. Then, there is the benefit of being able to trade larger volumes.
The broker wishes to remind its clients that increased leverage implies high risks too. One more thing to have in mind is that residents of some countries have to comply with restrictions on leverage. For instance, residents of Poland cannot make use of leverage higher than 1:100.
FXTM’s ECN Zero accounts come along with floating spreads and zero commissions on deposits and withdrawals. There is no requirement for a minimum deposit.
Back to the leverage conditions, let’s note that leverage is floating and that it varies according to the notional value of a position. For positions with a notional volume of up to $1,200,000, the leverage is up to 1:1000. For positions with a notional volume of more than $15,000,000, the leverage is 1:25.
Details for the leverage on ECN Zero accounts can be seen below.
To view the official announcement by FXTM, click here.