Hello guys.
I want to notify all users of FXTM broker to please read the CHANGES RELATED TO ACCOUNT TERMS OF BUSINESS AND AGREEMENT very well going further before doing business with them.

If you click on the link CLIENT AGREEMENT, you will be shocked to see these below. Making money in forex is difficult enough, FXTM may be betting on their clients not downloading and reading each of the many agreements. Besides, each of those downloads are up to 14 pages. Even if download and read them, i bet only very few will even understand those technical languages used there. Times are hard for many of these brokers and they are drafting all sorts of terms and agreement to swindle guys of their money. Be careful going forward trading on that platform and other platforms. Most of these fancy pdfs agreements are there to maximize gains and profits for brokers and ensure they dont pay for any damages should they decide to play a fast one on your trading accounts. Download and read their agreements thoroughly before opening account or trading with them.

Not here to demarket any broker. FXTM is one of the big broker in Nigeria, however, we should all read and understand what we are getting into.

maryjames9:
Hello guys.
I want to notify all users of FXTM broker to please read the CHANGES RELATED TO ACCOUNT TERMS OF BUSINESS AND AGREEMENT very well going further before doing business with them.

If you click on the link CLIENT AGREEMENT, you will be shocked to see these below. Making money in forex is difficult enough, FXTM may be betting on their clients not downloading and reading each of the many agreements. Be careful going forward trading on that platform. Download and read their agreements thoroughly before opening account or trading with them.

Download and update us on what you think is bad from a regulated broker? FXTM is the best in Nigeria so far.

KingPipmarshall:



Download and update us on what you think is bad from a regulated broker? FXTM is the best in Nigeria so far.

You are correct. They are. However I cross carpeted long time ago when they started debiting me for not trading. I prefer brokers who don't give me reasons to think my money is unsafe with them. Again, I say, FXTM is good. I am only advising guys to read and understand their terms and agreement going forward.

maryjames9:


You are correct. They are. However I cross carpeted long time ago when they started debiting me for not trading. I prefer brokers who don't give me reasons to think my money is unsafe with them. Again, I say, FXTM is good. I am only advising guys to read and understand their terms and agreement going forward.

lol...that's how brokers make money. from swaps, spreads etc. why open a trading account when you won't be trading. Try opening an Investment account

maryjames9:


You are correct. They are. However I cross carpeted long time ago when they started debiting me for not trading. I prefer brokers who don't give me reasons to think my money is unsafe with them. Again, I say, FXTM is good. I am only advising guys to read and understand their terms and agreement going forward.

They debit their clients for not trading
That's nonsense na so their clients can't take breaks to enjoy their profits abi

FXTM debits for account maintenance.

Bull all the way indeed [I try hard to ignore you, considering your past antecedents, but you keep trying to school me on my trades and end up consistency wrong, lol].
I now see why you were highly recommended as a great chartist by your VAP trading colleague. Sadly, you've been on and off the market for too long and if up until now you're still doing the same thing then I best leave you to the markets to maybe eventually teach you.
We aren't the same kind of traders, learn to plan your trades and don't be swayed by every spontaneous move with those EA and incredible lot size trading

Ogboraph:
bull alll the way

Tonyfx:


They debit their clients for not trading
That's nonsense na so their clients can't take breaks to enjoy their profits abi

That is what I am saying. These things are in their terms of agreement and people don't care much to read. If you don't use your account for a period of time or you take a break from forex leaving your money, they start debiting you. There are many grey areas in those terms and agreement that are just detrimental to clients who are not even sure of profits. I won't say more than this so as not to look like I am de-marketing. Some other brokers in Nigeria also do these things because there is no regulation here. They know Nigerians don't read anyways.

Miscellaneous:
Please guys... is it always normal for these brokers to close and reopen trades that were left over the weekend on Monday(start of a new trading week) ?

Does all broker do these? Is it compulsory?

Oga.. abeg make una try answer this question na

I dey beg biko

FXTM Nigeria is a bad broker. Which one is trying not to demarket when it is glaring that they are only concerned about stealing every bit of your money that they can?

Spreads are preposterous, almost a multiple of other brokers. Withdrawals take ages when brokers like hotforex take just a few hours for bank wire transfer and other e-modes are instant. Their customer service is wonderful when you want to open account but after opening they are worst than the current nigerian leadership. They manipulate open trades and even steal your positive swaps. Then now I hear they charge for account maintenance when you aren't trading?

I don't know why when these guys come to Nigeria, they offer rubbish. Even airlines use their worst fleet to fly to Nigeria and it's because we are a docile lot. If we see something bad, make we talk or they would persistently rip us off! I'm waiting for when someone comes crying that they can't get their money at all from them.

maryjames9:
That is what I am saying. These things are in their terms of agreement and people don't care much to read. If you don't use your account for a period of time or you take a break from forex leaving your money, they start debiting you. There are many grey areas in those terms and agreement that are just detrimental to clients who are not even sure of profits. I won't say more than this so as not to look like I am de-marketing. Some other brokers in Nigeria also do these things because there is no regulation here. They know Nigerians don't read anyways.

Miscellaneous:
Please guys... is it always normal for these brokers to close and reopen trades that were left over the weekend on Monday(start of a new trading week) ?

Does all broker do these? Is it compulsory?

Sorry the question is a bit confusing, do you mean that if you have a live trade, by Friday night the trade stops moving and resumes moving by Monday?.
If that's what you mean then yes. The forex market does doesn't open to clients on Saturdays and sundays (although if there is a news relating to a currency, the market will move but you won't know until when the market opens 00:01am Monday then you will see a gap from where prices closed on Friday night.

Pls note that the opening and closing time varies depending on the country you live in. In Nigeria we're 2hrs behind, so our 10pm is their 12am.
Hope this helps

Can anyone please tell me where to get this
Someone used it to analyse trade and I want to know how and where he got this

hidhrhis:
Can anyone please tell me where to get this
Someone used it to analyse trade and I want to know how and where he got this

Oga too much information go confuse you may help you blow up your account. IMO

Selling NZDUSD 6470 SL 6540 TP 6170

maryjames9:


That is what I am saying. These things are in their terms of agreement and people don't care much to read. If you don't use your account for a period of time or you take a break from forex leaving your money, they start debiting you. There are many grey areas in those terms and agreement that are just detrimental to clients who are not even sure of profits. I won't say more than this so as not to look like I am de-marketing. Some other brokers in Nigeria also do these things because there is no regulation here. They know Nigerians don't read anyways.

Stop insulting Nigerians!

People's hatred for Terms and Conditions, Privacy Policy, User's Manual is global and not specific to Nigeria and that's because they are always too long and boring!

It's one of the reasons players have agents.


It's always better to go for regulated brokers in foreign countries and some of them even offer nano lots.

FXTM no be am at all!

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hidhrhis:
Can anyone please tell me where to get this
Someone used it to analyse trade and I want to know how and where he got this

Finviz

@gasive @bornfool @saxy4c.
Thanks sir. Thanks for keeping the ministry on a lovely level.

GladmanGoddey:

Finviz

How do one use it

karkinase:

How do one use it

I dont know i dont use it

saxy4c:
Wouldn't it be more sensible for you to show us these signals and let's verify for ourselves rather than coming here to tell us stories time after time. If can't respect yourself, you'd be addressed accordingly my friend.

Bro how do you expect him to show what he does have. If he had what he claims to have his action would be spoken for him.

Well the fellow should stop being a nuisance and behave

Tonyfx:

Bro how do you expect him to show what he does have. If he had what he claims to have his action would be spoken for him.

GladmanGoddey:

Finviz

Thanks man I really appreciate

saxy4c:
Wouldn't it be more sensible for you to show us these signals and let's verify for ourselves rather than coming here to tell us stories time after time. If can't respect yourself, you'd be addressed accordingly my friend.

others are hunting in the forest (oh forex), he's hunting in naira land FTA.

Las las we are all privileged hunters

Tonyfx:


Oga too much information go confuse you may help you blow up your account. IMO

Bro no be so ooo
I've never seen it before that's why

hidhrhis:

Bro no be so ooo
I've never seen it before that's why

No I'm just saying oo

saxy4c:
Wouldn't it be more sensible for you to show us these signals and let's verify for ourselves rather than coming here to tell us stories time after time. If can't respect yourself, you'd be addressed accordingly my friend.

The guy use big lot size and when the market move 2-4 pips he advise them to close trade
He opens multiple trade and when it start moving 2 pips he advise them to close the trade
I don't know if this is how they trade indices cos I have no idea and when we talked on whatsapp he is charging 5000 Naira for the training
I also asked him to show me his account history and he only told me he withdrew 35 dollars that day and also showed me trade like 10 trade that just moved 2 pips
Maybe indices don't have account history or he doesn't understand the meaning of account history
I don't know

.

.

saxy4c:
Wouldn't it be more sensible for you to show us these signals and let's verify for ourselves rather than coming here to tell us stories time after time. If can't respect yourself, you'd be addressed accordingly my friend.

Lmao...guy wait till tommorow na, I go play 11, you go play 7. We go flank the guy go offside, Yoda go control for 10.