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.