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.
Min Deposit
USD 200
Regulators
FCA, FSC, FSCA
Trading Platform
MT4, MT5, FXTM Trader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FXTM Account Types Revealed – A Key 8-Point Overview
- ☑️Overview
- ☑️FXTM at a Glance
- ☑️FXTM Account Types
- ☑️How to Open a FXTM Account step by step
- ☑️Customers Reviews
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
Overview
Established in 2011, FXTM is a reputable ECN and STP broker that is based in the United Kingdom, South Africa, Cyprus, and Mauritius, with respective and corresponding regulation as well as authorization through CySEC, FCA, FSCA, and FSC in facilitating the trade in more than 250 financial instruments spread across.
FXTM offers traders superior educational material, a range of trading tools, and flexible account types that suit the individual and unique trading needs, goals, and objectives of different traders, whether they are beginners or professionals.
Traders can expect favorable, competitive trading conditions when trading with FXTM. These consist of tight spreads, fast trade execution, and the provision of additional risk measures and security through strict regulation.
FXTM At a Glance
| 🔎Broker | 🥇FXTM |
| Company Information | |
| 🏢 Year Founded | 2011 |
| 👤 Current CEO | Nicholas Defteras |
| 🏗️ Founder/s | Andrey Dashin |
| 👥 Amount of staff | Over 800 globally |
| 👩💻 Amount of active traders | Over 2 million worldwide |
| 🌐 Publicly Traded (Listed Company) | No |
| 🌍 Global Offices | Cyprus, UK, South Africa, Mauritius |
| Regulation and Security | |
| 🛡️ Regulation | FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSC (Mauritius) |
| 🌎 Country of regulation | UK, Cyprus, South Africa, Mauritius |
| 🔒 Account Segregation | Yes |
| ⚖️ Negative balance protection | Yes |
| 🔑 Two-step Authentication | Yes |
| 🛡️ Investor Protection Schemes | ICF (Cyprus), FSCS (UK) |
| Account Types and Features | |
| 💼 Institutional Accounts | No |
| 🧑🤝🧑 Managed Accounts | Yes (PAMM Accounts) |
| 💱 Minor account currencies | EUR, GBP, USD, ZAR, NGN |
| 💵 Minimum Deposit | USD 200 / 3631 ZAR |
| 🕌 Islamic account (swap-free) | Yes |
| 🎓 Demo Account | Yes |
| Trading Conditions | |
| ⏲️ Average deposit/withdrawal processing time | Within 24 hours |
| 💸 Fund Withdrawal Fee | No fee for most methods |
| 📉 Spreads from | 0.1 pips (ECN Account) |
| 💼 Commissions | From $4 per lot (on ECN Account) |
| 🔄 Number of base currencies supported | 5 |
| 💱 Swap Fees | Yes, but swap-free accounts available |
| 💪 Leverage | Up to 1:2000 (varies by account type) |
| 📊 Margin requirements | Varies by asset and leverage |
| ⚡ Order Execution Time | 0.1 second |
| 🖥️ VPS Hosting | Available for free on deposit |
| 🔄 One-Click Trading | Yes |
| Trading Instruments | |
| 📊 CFDs-Total Offered | 250+ |
| 📈 CFD Stock Indices | 11 |
| 💹 CFD Commodities | 3 |
| 📉 CFD Shares | 180+ |
| 📈 Trading Stocks with GP | Yes |
| 📈 Trading Indices with GP | Yes |
| 💼 Swap on the trading board | Yes |
| 📝 Watch list | Yes |
| 📢 Trade Alerts | Yes |
| Deposits and Withdrawals | |
| 💳 Deposit Options | Bank transfer, credit/debit cards, e-wallets (Skrill, Neteller, etc.) |
| 💸 Withdrawal Options | Same as deposit methods |
| 🎁 Welcome Bonus | Available (up to 30% bonus for new accounts) |
| Trading Platforms/Tools | |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, FXTM Trader |
| ⚠️ Stop-loss Instrument | Yes |
| 💻 OS Compatibility | Windows, macOS, Android, iOS |
| ⚙️ Forex trading tools | Yes (Economic calendar, calculators, etc.) |
| 🤖 Expert Advisors | Yes |
| Customer Support | |
| 💬 Live chat availability | Yes |
| 📧 Customer Support Email address | support@fxtm.com |
| 📞 Customer Support Contact Number | +44 203 734 1035 |
| 🌐 Languages supported on FXTM Website | 15+ including English, French, Spanish, Arabic |
| Educational Resources and Support | |
| 🎓 Beginners Trader friendly UX | Yes |
| 📚 Forex course | Yes |
| 🎥 Webinars | Yes |
| 📖 Educational Resources | Yes (Videos, eBooks, articles) |
| Partnerships and Programs | |
| 🤝 Affiliate program? | Yes |
| 👥 Amount of partners | 1,000+ |
| 👥 IB Program | Yes |
| 🏎️ Do they sponsor any notable events or teams? | Yes, former F1 partnerships |
| 💸 Rebate program | Yes |
| 🌐 Community Forum | Yes |
| Social Media | |
| 🌍 Official Website address | Yes |
| 📘 Official Facebook Page | Yes |
| 🐦 Official Twitter Page | Yes |
| 📺 Official Youtube Channel | Yes |
| 💼 Official Linkedin Page | Yes |
| 📷 Official Instagram Page | Yes |
| South African Traders | |
| 🇿🇦 Accept South Africa Traders? | Yes |
| 🇿🇦 Is FXTM regulated by the South Africa regulatory body (FSCA)? | Yes |
| 🇿🇦 Does FXTM offer an Affiliate Program for South African Traders? | Yes |
| 🇿🇦 Does FXTM allow accounts to be opened in ZAR / Rands? | Yes |
| 🚀Sign up | Open Account |
FXTM Account Types
| 🔎 Account | 🥉 ADVANTAGE STOCKS | 🥈 ADVANTAGE | 🥇 ADVANTAGE PLUS |
| 💰 Minimum Deposit | USD 200 / 3631 ZAR | USD 200 / 3631 ZAR | USD 200 / 3631 ZAR |
| 🔁 Spreads from | From 6 cents | From 0.0 | From 1.5 |
| 💳 Commission | Zero | $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 | Zero |
| 📈 Leverage | 1:1, no leverage offered | Up to 1:3000 | Up to 1:3000 |
| 🚀 Open an Account | 👉Open Account | 👉Open Account | 👉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 stock with very competitive prices, extremely tight spreads, and for particular accounts commission-free trading.
This feature is very useful for diversifying one’s portfolio and earning from the stock market’s opportunities.
FXTM’s outstanding stock trading experience is achieved through combining state-of-the-art trading platforms with up-to-the-minute market data and comprehensive educational resources.
With flexible leverage with a secure trading environment, this marks FXTM Advantage Stocks as an all-in-one phenomenon for stock lovers.
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 eased features and personalized support.
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
Step 1: Click on “Open Account”
Look for the “Open Account” button on the top right corner of the page and click on it.
Step 2: Fill in the registration form:
Provide your personal and contact information accurately.
Step 3: Verify your email address
Check your email for a verification link and click
Customer Reviews
🥇Excellent Educational Resources
FXTM’s platform is user-friendly, and its educational resources are excellent. Their spreads are competitive, especially for those with larger account balances. However, their customer support could be more proactive. Reviewed: John Doe
🥈Happy Customer
FXTM offers a wide range of assets with competitive spreads, from forex to cryptocurrencies. Their support is responsive, and education materials are helpful. Reviewed: Maria Ramirez
🥉Great Choice
FXTM is a well-regulated broker with a diverse range of assets. Their spreads are competitive, and their educational materials are comprehensive. Reviewed: Lee Kim
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 |
Min Deposit
USD 200
Regulators
FCA, FSC, FSCA
Trading Platform
MT4, MT5, FXTM Trader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
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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.
Frequently Asked Questions
Can traders from South Africa open a live FXTM trading account?
Yes, South African traders can open a live FXTM trading account. The minimum deposit required is USD 200 / 3631 ZAR.
Which instruments can I trade with FXTM?
You can trade the following instruments:
- CFDs on commodities
- CFDs on indices
- Spot Metals
- Stock CFDs
- Stocks
- Forex
Which platforms are supported by FXTM?
MetaTrader 4, MetaTrader 5, FXTM Trader.
Does FXTM offer a demo account?
Yes, a demo account is available from FXTM.
For how long is the demo account valid?
The general duration of most demo accounts is 30 days.
Does FXTM offer the option of an Islamic Account?
Yes. The option for converting a live trading account is available on.
Which live trading accounts does FXTM offer?
FXTM offers the following trading accounts:
ADVANTAGE STOCKS, ADVANTAGE, and ADVANTAGE PLUS.
What are the available deposit currencies for a live trading account?
- USD
- EUR
- GBP
- IDR
- MYR
- NGN
- ZAR, and more
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