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.
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.
What types of accounts does FXTM offer?
FXTM offers three main accounts: Micro, Advantage, and Advantage Plus. These suits both beginners and advanced traders, with differences in spreads, commission structures, and minimum deposit requirements.
Can I open a demo account with FXTM?
Yes, FXTM provides a free demo account for practicing strategies with real market conditions. It’s ideal for beginners and experienced traders testing new systems.
How to Open a FXTM Account step by step
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 for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
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:
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.
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
