FXTM Account Types provide different account types: Advantage, Advantage Plus, and Stocks Account, as well as a demo trading option on selected accounts. FXTM offers accounts in USD, EUR, GBP, and NGN.
FXTM Account Types Revealed - A Key Point Overview
- ☑️Overview
- ☑️FXTM Account Types
- ☑️How to Open a FXTM Account step by step
- ☑️FXTM At a Glance
- ☑️FXTM Customer Reviews
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
Overview
- According to research in South Africa, ForexTime Limited (FXTM) was established in 2011 and is a global leader in online trading.
- It has become a well-known brand that brings opportunities to financial markets to international audiences, wherever they are, notwithstanding their economic ambitions.
- FXTM has a global network of offices and regulations in Europe, the Middle East, Africa, Asia, and Latin America, and more than two million clients in 150 countries have already started using its services.
FXTM Account Types
| 🔎 Account |  |
| 💰 Minimum Deposit | USD 200 / 3631 ZAR |
| 🔁 Spreads from | From 0.0 |
| 💳 Commission | $3.5 per lot traded on FX $25 per million notional on Spot Metals $35 per million notional on Index CFDs and Commodity CFDs 0.05% of the notional value for Cryptocurrency CFDs $0.02 per side / lot traded on Stock CFDs - minimum commission $0.01 |
| 📈 Leverage | Up to 1:3000 |
| 📝Sign up | 👉Open Account |
ADVANTAGE STOCKS
- FXTM Advantage Stocks is an offering created just for traders wanting to get direct access to the stock market trading, as it permits trading leading global stocks with very competitive prices, extremely tight spreads,
- and for particular accounts,commission-free trading.
- This feature is handy for diversifying one's portfolio and earning from the stock market's opportunities.
ADVANTAGE
- FXTM Advantage offers traders a premium trading experience with lower costs, advanced tools, and better execution.
- Tight spreads from 0.0 pips, no commissions hidden on Advantage accounts, and ultra-fast execution make it suitable for all traders, from novices to those who earn ridiculous amounts per month.
- FXTM Advantage also allows scalping and high-frequency trading, which helps traders have flexibility and efficiency.
- In addition to the wide variety of trading instruments offered and reliable customer support, FXTM Advantage provides the highest standard of trading environment.
ADVANTAGE PLUS
- The FXTM Advantage Plus account is a perfect fit for traders who want to keep it simple and economical.
- This account no longer features commissions on trades but has competitive spreads that are suitable for those who do not require commissions for transparent pricing.
- A variety of instruments in forex, commodities, and indices are accessed with different leverages.
- Moreover, FXTM Advantage Plus offers an industry-leading platform, like MetaTrader 4 and MetaTrader 5, to its account holders to achieve seamless trading.
- Therefore, this account is a good option for both new and old traders for enhanced customer experience through easy features and personalized support.
Micro account
- The FXTM Micro account is designed specifically for beginner traders who want to enter the forex market with low risk and small capital.
- It typically requires a low minimum deposit around $30, offers commission-free trading, and features floating spreads starting from about 1.5 pips.
- Traders can access the account via the MetaTrader 4 platform, with flexible leverage and smaller trade sizes that help manage risk more effectively.
- This makes it ideal for learning real market conditions while limiting exposure, especially for those new to live trading.
Demo Account
- The Demo Account is designed for those new to trading who want to learn to trade without any personal financial risk.
- A Demo Account allows traders to practice trading in a simulated trading environment of the real markets, with virtual funds.
- Traders can familiarise themselves with the trading platform and learn to execute trades efficiently, without the risk of financial loss.
Islamic Account
- FXTM offers a swap-free Islamic account that adheres to the principles of Sharia law.
How to Open a FXTM Account step by step
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Step 1: Click on "Open Account."
- Look for the "Open Account" button in the top right corner of the page and click on it.
Step 2: Fill in the registration form:
- Provide your Country, and click Next.
Step 3: Fill in the registration form:
- Provide your email, create your own password, and create an account.
🏆10 Best Forex Brokers in South Africa
| Rank | Broker | Broker Review | Regulators | Minimum Deposit | Visit Broker |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | $100 | 
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| 🥈 |  | Read Review | FSCA, FCA, DFSA, FSA, CMA | $0 |
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| 🥉 |  | Read Review | CySEC, MWALI, FSCA | $25 |
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| 4 |  | Read Review | ASIC, CySEC, FSA, SCB | $200 |
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| 5 |  | Read Review | FSA, FSCA | $250 |
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| 6 |  | Read Review | FSA, FSC, FSCA, ASIC, CMA | $20 |
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| 7 |  | Read Review | FSC, FSCA | $50 |
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| 8 |  | Read Review | ASIC, CySEC, FSCA, FSA, FSC, CMA | $100 |
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| 9 |  | Read Review | ASIC, CySEC, IFSC, DFSA, FCA | $5 |
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| 10 |  | Read Review | FSA, CySEC, FSCA, FSC | $10 |
|
FXTM At a Glance
| 🔎Broker | |
| Company Information | |
| 📅Year Founded | 2011 |
| 🧑🏻💻Amount of staff | 700+ |
| 👩💻Amount of active traders | Over 3 million |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FCA, FSCA, FSC |
| 🌎Country of regulation | UK, South Africa, Mauritius |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | ICF (Investor Compensation Fund) |
| Account Types and Features | |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes (PAMM accounts) |
| 📇Minor account currencies | USD, EUR, GBP, AUD, ZAR |
| 💰Minimum Deposit | $200 / 3548 ZAR |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-2 business days |
| 🪙Fund Withdrawal Fee | Varies by method |
| 📊Spreads from | 0.1 pips |
| 💸Commissions | From $4 per lot (on certain accounts) |
| 💱Number of base currencies supported | 7 |
| 🚀Swap Fees | Applicable |
| 📈Leverage | Up to 1:2000 |
| 📏Margin requirements | Varies based on leverage and asset |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | 0.01 seconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | 250+ |
| 🗠CFD Stock Indices | 11 |
| ⚖️CFD Commodities | 6 |
| 📜CFD Shares | 120+ |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
| 💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MT4, MT5, FXTM Trader App |
| 👩💻OS Compatibility | Windows, macOS, Android, iOS |
| 🖥️Forex trading tools | Trading signals, VPS, economic calendar |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | [email protected] |
| 📞Customer Support Contact Number | +44 203 734 1071 |
| 👾Social media Platforms | Facebook, Twitter, Instagram, YouTube |
| 🗣️Languages supported on Website | 15+ |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Articles, tutorials, videos, webinars |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 3,000+ |
| 📋IB Program | Yes |
| 🪙Rebate program | Yes |
| 📝Sign up | 👉 Open Account |
FXTM Customer Reviews
- ForexTime has an overall attractive presence, which is proven by the feedback and rating given by many customer traders who applauded the business for having market-relevant spreads, speedy execution, and abundant educational resources.
- What many users find interesting about FXTM is that it offers various types of accounts that cater to different kinds of trades, or even beginners, as illustrated in user-friendly programs and demo account availability.
- However, issues have been raised by other traders, not least among them, excessive withdrawal fees and delays in processing funds at times.
| 🔍Aspect | 🔖Details |
| 🌟Overall Rating | 4.5/5 – Generally positive, with high marks for competitive spreads and platform reliability. |
| 👏Customer Satisfaction | Positive feedback for tailored account options and extensive educational resources for beginners. |
| 📞Customer Service | Responsive and multilingual support, though some users report occasional delays in issue resolution. |
Customers Ratings
| 🌐 Platform | 📝 Feedback Summary | ⭐ Rating |
 | has a mixed rating on the platform. Some users praise their fast execution, competitive spreads, and diverse range of assets. However, others have raised concerns about high fees, confusing withdrawal processes, and inconsistent customer support. | ⭐⭐⭐⭐☆ |
 | Mixed feedback some users appreciate the platform's features, while others express concerns about withdrawal processes and customer support. | ⭐⭐⭐☆☆ |
 | Reviewers praise FXTM's user-friendly platform, competitive spreads, and reliable customer support. However, some reviewers have complained about issues with account verification, withdrawal delays, and limited market analysis tools. | ⭐⭐⭐⭐☆ |
 | Generally positive users highlight the platform's user-friendliness and educational resources. | ⭐⭐⭐⭐⭐ |
 | Reviewers praise FXTM for its user-friendly platform, competitive spreads, and reliable customer support. However, some reviewers have raised concerns about trading conditions, account management, and the quality of educational resources. | ⭐⭐⭐☆☆ |
 | Mixed reviews some users commend the responsive customer service, while others note issues with withdrawal processes. | ⭐⭐⭐☆☆ |
Pros and Cons
| ✅Pros | ❌ Cons |
| Commission-free trading provided on most accounts | No US Clients |
| Low minimum deposits form $10 | Restricted leverage of 1:30 for EU-clients |
| Multiple account types | |
| Well-regulated | |
| A wide variety of trading instruments offered |
Conclusion
FXTM is a well-known and award-winning market maker/ECN broker that offers Forex, commodities, metals, stocks, and indices trading. On its two commission-free accounts, FXTM's trading fees are higher than usual, with spreads starting at 1.5 pips on the EUR/USD. In addition to its own FXTM Trading App and a wide range of trading tools, including a VPS hosting option, FXTM supports both the MT4 and MT5 platforms.
You might also like:
FXTM Demo AccountFXTM Fees and SpreadsFXTM Islamic AccountFXTM Minimum DepositFXTM Review
Frequently Asked Questions
What account types does FXTM offer?
FXTM offers several account types, including Advantage, Advantage Plus, and Advantage Stocks accounts. Additional options, such as demo and Islamic accounts, are also available, allowing traders to choose based on their experience level, trading style, and preferred cost structure.
What is the FXTM Advantage account?
The FXTM Advantage account is designed for traders seeking tight spreads starting from 0.0 pips with a commission-based structure. It offers fast execution, high leverage, and is suitable for scalpers and high-frequency traders aiming for lower trading costs.
What is the FXTM Advantage Plus account?
The Advantage Plus account is a commission-free option where trading costs are included in spreads, typically starting from 1.5 pips. It is ideal for traders who prefer simple pricing without paying separate commissions on each trade.
What is the FXTM Advantage Stocks account?
The Advantage Stocks account focuses exclusively on stock trading and operates without leverage. It offers zero commission trading on shares with competitive spreads, making it suitable for traders who want direct exposure to equities rather than forex or CFDs.
Is there a minimum deposit for FXTM accounts?
Yes, most FXTM account types require a minimum deposit of around $30. However, some older or alternative accounts like Micro accounts may allow lower deposits, making them more accessible for beginner traders starting with limited capital.
Which FXTM account is best for beginners?
Beginners often prefer accounts with simpler pricing structures, such as the Advantage Plus account, or previously available Micro accounts with lower deposits. These accounts help new traders understand markets without complex commission structures or large initial investments.
Can I use MetaTrader platforms with all FXTM accounts?
Yes, FXTM supports both MetaTrader 4 and MetaTrader 5 across most account types. However, some features, such as stock trading, may only be available on MT5, depending on the account selected.
Are FXTM accounts suitable for high-frequency trading?
Yes, the Advantage account is particularly suitable for high-frequency trading strategies, including scalping and algorithmic trading. Its raw spreads and fast execution make it ideal for traders who rely on precision and low-cost trade execution.
Does FXTM offer Islamic (swap-free) accounts?
Yes, FXTM provides Islamic swap-free versions of its accounts. These accounts remove overnight interest charges and comply with Sharia law, making them suitable for Muslim traders while maintaining similar trading conditions as standard accounts.
Can I switch between FXTM account types?
Yes, traders can open multiple accounts or switch between account types within their FXTM profile. This flexibility allows users to test different trading conditions and choose the account that best fits their evolving trading strategy and experience level.
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