FXTM Account Types

FXTM, also known as ForexTime, offers a variety of trading accounts to cater to different trading needs. The main account types include:

• Micro Account
• Minimum Deposit: 8,100 NGN / $10
• Average Spread: 1.5 pips
• Commission: None
• Average Trading Cost: $15
• Leverage: Up to 1:1000
• Advantage Account
• Minimum Deposit: 408,250 NGN / $500
• Average Spread: 0.0 pips
• Commission: $0.40 to $2 depending on trading volume
• Average Trading Cost: $6
• Leverage: Up to 1:2000
• Advantage Plus Account
• Minimum Deposit: 408,250 NGN / $500
• Average Spread: 1.5 pips
• Commission: None
• Average Trading Cost: $15
• Leverage: Up to 1:2000
• Islamic Account
• Available for all account types, ensuring compliance with Islamic finance principles by eliminating interest or swap charges on overnight positions.

FXTM Broker Account Opening Process

To open an account with FXTM, follow these steps:

• Registration Process
• Visit the FXTM website and click on the "Open Account" button.
• Fill out the online registration form with personal information including your name, address, email, and phone number.
• Identity Verification
• Upload a copy of your government-issued ID (passport or driver's license) and proof of address (utility bill).
• Fund Your Account
• Once your account is verified, make the minimum deposit using various methods such as bank transfers, credit/debit cards, or e-wallets.
• Download Trading Platform
• After funding your account, download the trading platform (MetaTrader 4 or MetaTrader 5) to start trading.
• Start Trading
• Log in to your account and begin trading in the forex market.

For more detailed information, visit FXTM's official website.