English

Rating Index

Pros

No minimum deposit requirement, allowing traders to start with limited funds.

High leverage levels available, up to 1:1000, which can attract risk-tolerant traders.

Some educational resources provided, offering valuable insights for beginners.

Cons

Unregulated status raises significant concerns about client fund safety and legitimacy.

Reports of poor customer support, indicating potential difficulties in resolving issues.

Limited range of market instruments, focusing only on currency pairs, restricting diversification opportunities.

FOTM broker Accounts

FXTM Account Types

FXTM (ForexTime) offers a variety of trading accounts tailored to meet the diverse needs of traders, from beginners to professionals. The main account types include:

Micro Account

Minimum Deposit: $10
Spreads: Fixed spreads starting from 1.5 pips
Commission: None
Leverage: Up to 1:1000
Ideal for beginners with lower risk tolerance, allowing trading with micro-lots.

Advantage Account

Minimum Deposit: $200
Spreads: Variable spreads starting from 0.0 pips
Commission: $0.80 – $4.00 per round lot
Leverage: Up to 1:2000
Designed for experienced traders seeking lower trading costs and faster execution.

Advantage Plus Account

Minimum Deposit: $200
Spreads: Variable spreads starting from 1.5 pips
Commission: None
Leverage: Up to 1:2000
Suitable for casual traders who prefer a simpler fee structure without commissions.

Islamic Account

Available for all account types, adhering to Islamic finance principles by eliminating swap charges on overnight positions.

Demo Account

Virtual funds for risk-free trading
Ideal for practice and strategy testing without financial risk.

FXTM Broker Account Opening Process

Opening an account with FXTM is straightforward and can be completed online. Heres a step-by-step guide:

Visit the FXTM Website: Go to the official FXTM website.
Click on the ‘Register’ Button: Located at the top right corner of the homepage.
Choose the Account Type: Select the type of account you wish to open (e.g., Micro, Advantage, Advantage Plus).
Fill in the Registration Form: Provide personal information such as name, email address, phone number, and choose a password.
Agree to the Terms and Conditions: Read and accept the terms to proceed.
Verify Your Account: Submit required documents for identity and address verification (e.g., passport and utility bill).
Login to Your FXTM Account: After verification, log in using your credentials to access trading tools and features.