Rating Index
Pros
Wide range of trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies.
Regulated by multiple reputable authorities, ensuring a secure trading environment.
Competitive trading conditions with low spreads and high leverage options.
Cons
Geographical restrictions prevent clients from certain countries, including the United States and Canada, from opening accounts.
Withdrawal and deposit fees may apply depending on the payment method used.
Limited trading platform options, primarily offering only MetaTrader 4 and MetaTrader 5.
FXMT broker Accounts
FXTM Account Types
FXTM (ForexTime) offers a diverse range of trading accounts tailored to meet the varying needs of traders. The primary account types include:
- Advantage Account:
- Minimum Deposit: $200
- Spreads: From 0.0 pips
- Commissions: $0.80 - $4.00 per lot (depending on the instrument)
- Leverage: Up to 1:2000
- Execution Model: ECN (Electronic Communication Network)
- Available Instruments: Forex, spot metals, index CFDs, commodity CFDs, cryptocurrency CFDs, and stock CFDs (only on MT5).
- Swap-Free Option: Yes
- Advantage Plus Account:
- Minimum Deposit: $200
- Spreads: From 1.5 pips
- Commissions: None
- Leverage: Up to 1:2000
- Execution Model: Market Maker
- Available Instruments: Forex, spot metals, index CFDs, commodity CFDs, cryptocurrency CFDs, stock CFDs (only on MT5), and stocks.
- Swap-Free Option: Yes
- Micro Account:
- Minimum Deposit: $10
- Spreads: From 1.5 pips
- Commissions: None
- Leverage: Up to 1:1000
- Execution Model: Instant Execution
- Available Instruments: Forex, metals, and commodities.
- Investment Account:
- Minimum Deposit: $100
- Available for Copy Trading: Yes
- Focus: Allows traders to copy the trades of experienced strategy managers.
- Visit the FXTM Website: Go to the official FXTM website.
- Click on "Open Account": Locate the "Open Account" button, usually found at the top right corner of the homepage.
- Register: Fill in the registration form with your personal information, including your name, email address, and phone number. Choose a password and enter the PIN code sent to your email.
- Complete Profile: After registering, complete your profile to set up for trading.
- Choose Account Type: Click "My Account" on the side menu and select "Open New Account." Choose the desired account type and trading platform (MT4 or MT5).
- Fund Your Account: Deposit funds into your account using various payment methods, with a minimum deposit starting from $10 for the Micro Account and $200 for others.
- Start Trading: Log in to the trading platform and begin your trading journey.
FXTM Broker Account Opening Process
Opening an account with FXTM is a straightforward process that can be completed in a few simple steps:
By following these steps, you can efficiently create an account and start trading with FXTM.
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