What Account Types and Fees Does FXTM Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Advantage Account |
Beginners and experienced traders |
Spreads from 0.0 pips, low commission, access to various instruments |
Minimum deposit of $200; suitable for active trading |
| Advantage Plus Account |
Intermediate and professional traders |
No commission, broader selection of instruments, slightly higher spreads |
Minimum deposit of $200; ideal for traders preferring no commissions |
| Advantage Stocks Account |
Stock traders |
No commission, access to over 600 US stocks, tight spreads |
Minimum deposit of $200; designed exclusively for stock trading |
| Demo Account |
New traders and those testing strategies |
Simulated trading environment with virtual funds |
No financial risk; unlimited use for practice |
Account Opening Process
To open an account with FXTM, follow these straightforward steps:
1. Register for a MyFXTM profile by providing your email and setting a password.
2. Choose your preferred account type from the available options.
3. Submit personal, employment, and financial information as required.
4. Complete identity verification by providing a valid ID and proof of address.
5. Fund your account using one of the supported payment methods.
6. Log in to your MT4 or MT5 platform to start trading.
FXTM allows flexibility in account types, enabling traders to upgrade from a standard to a professional account as their trading experience grows.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$3.5 per lot |
Tight spreads for major pairs |
| CFDs (Indices) |
1.5 |
$35 per million notional |
Competitive pricing for various indices |
| CFDs (Commodities) |
1.5 |
$35 per million notional |
Includes popular commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% of the notional value |
Variable depending on market conditions |
Other Fees
FXTM implements several additional fees that traders should be aware of:
– Deposit/Withdrawal Fees: A flat fee of $3 for transactions under $30.
– Inactivity Fees: $5 monthly after six months of inactivity.
– Platform Usage Fees: No specific fees for MT4 or MT5 usage apply.
– Overnight Interest (Swap Rates): Applicable for positions held overnight, varying by instrument.
– Currency Conversion Fees: May apply when trading in a currency different from the account’s base currency.
