FXTM Demo Account offers many free features for traders. Traders have access to the same functions, features, and options that they normally would on a live trading account. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses. Traders can practice forex trading in a 100% risk-free environment.
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 Demo Account Types Revealed – A 7 Key Point Quick Overview
- ☑️FXTM at a Glance
- ☑️How to set up an FXTM Demo Account – Step by Step
- ☑️FXTM Demo Account Features
- ☑️Customers Reviews
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
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 |
How to set up an FXTM Demo Account – Step by Step
Setting up a demo account with FXTM is an easy and straightforward process that consists of the following steps:
Step 1: Navigate to the FXTM website.
Navigate to the FXTM website and select ‘Open demo account’ to sign up with FXTM.
Step 2: Register your details
you will be redirected to a new page that features an online application requiring the trader’s First and Last Name, country of residence, mobile phone number, email address, and a user-selected password.
Step 3: Verify your details through the FXTN OTP PIN.
Once completed, select the ‘Send PIN’ option to have an OTP sent to the mobile number provided, verifying the number. The OTP/PIN can be entered in the field provided. Once this is complete, traders can select ‘Register Now’ to complete the application.
Once registered, traders can select from the account type page on the FXTM website to register a demo account.
A demo account is often referred to as a practice account because it provides traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.
Beginner traders can use demo accounts to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and developing their own trading strategies.
Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what the broker has to offer.
FXTM Demo Account Features
The FXTM demo account mimics a live account perfectly to allow traders to experience trading in a risk-free environment. While using the demo account, traders have access to all the financial instruments provided along with living quotes.
The demo account that FXTM provides can be accessed and managed through the trading platforms that form part of FXTM’s offer, which in this case are MetaTrader 4, MetaTrader 5, and the FXTM Web Trader.
The features of the account will depend on the account type that traders decide to test out. Each account has its own unique trading conditions and features.
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
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 |
| Demo account sign-up is digital and can be completed within minutes | None noted |
| Registration is free and FXTM offers a variety of accounts for demo purposes |
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Conclusion
Traders have access to the same functions, features, and options that they normally would on a live trading account. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses. Traders can practice forex trading in a 100% risk-free environment.
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
Does FXTM offer a demo account?
Yes. FXTM offers a demo account on 4 account types: Standard account, Micro-, Advantage- and Advantage Plus account.
How do I open a Forextime demo account?
In 3 easy steps: 1. Register or login to MyFXTM. 2. Choose your account type. 3. Start trading with your demo account.
What is the difference between a demo and a live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
For how long is the demo account valid?
The general validity period is 30 days; however, some brokers offer the account for an unlimited period.
What are the available deposit currencies for a live trading account?
- USD
- EUR
- GBP
- IDR
- MYR
- NGN
- ZAR, and more
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