Sign up on FXTM and check out the latest bonus promotions. This is a comprehensive review of FXTM, a CFD broker.
Sign up on FXTM. Table of Contents
- What is FXTM?
- Core Principles of FXTM
- Trading Accounts and Platforms
- Safety and Security
- Why Trade with FXTM?
- FXTM Trading Promotions & Contests Overview
- Current Promotional Offers
- Contests at FXTM
- Refer a Friend Program
- FXTM Account Types Overview
- Advantage Account
- Advantage Plus Account
- Common Features Across Both Accounts
- Demo Account
- Financial Markets to invest with FXTM
- Forex Trading (FX)
- Stocks and Stock CFDs
- Commodities Trading
- Indices Trading
- Cryptocurrency Trading
- Key Benefits of Trading with FXTM
- Overview of FXTM Trading Platforms
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- Trading on Mobile
- Trading on Desktop
- Trading via Browser
- Key Differences Between MT4 and MT5
- FXTM Copy Trading Overview
- How FXTM Copy Trading Works
- Benefits of Copy Trading with FXTM
- Becoming a Strategy Manager
- Key Considerations
- FXTM's Fund Deposit and Withdrawal Methods
- Deposit Methods at FXTM
- Withdrawal Methods at FXTM
- Transaction Security and Fund Protection
- Step-by-Step Guide to Deposits and Withdrawals
- Deposits
- Withdrawals
- FXTM Trading Statistics Overview
- Key Performance Metrics
- Trading Costs and Price Improvement
- Overview of FXTM Trading Commissions and Fees
- Breakdown of Trading Costs at FXTM
- How Commissions Are Calculated
- Overview of FXTM Leverage and Margin Requirements
- Leverage Condition
- Margin Requirements at FXTM
- Specifics for Different Account Types
- Advantage Account
- Advantage Plus Account
- How to open FXTM's Bonus Account?
- Step 1: Choose Your Account Type
- Step 2: Register and Verify Your Account
- Step 3: Make a Deposit
- Step 4: Participate in Promotions and Contests
- Step 5: Start Trading
- Step 6: Withdraw Profits
- FAQs about FXTM's Trading Service
What is FXTM?
FXTM is a prominent global trading service offering clients the ability to trade Forex, CFDs, and stocks.
Established over ten years ago, FXTM has become a trusted name in the trading industry, emphasizing the accessibility and excitement of trading for a broad audience, not just the financial elite.
Core Principles of FXTM
- Trust
- At the core of FXTM’s services is a strong commitment to trust. This is upheld through strict licensing and regulation, ensuring that traders can operate with peace of mind. FXTM maintains segregated customer funds, meaning that individual investments are protected even in adverse conditions. The company’s commitment to transparency includes no hidden fees and open accessibility to trading data, fostering an honest trading environment.
- Access
- FXTM believes that high-quality trading opportunities should be available to everyone. The company provides free access to top-tier educational resources, ensuring that anyone, regardless of prior experience, can learn effective trading strategies and market analysis. This educational support allows traders to better understand and navigate the markets.
- Value
- The company’s strategy focuses on delivering value by keeping trading costs low and fostering a partnership spirit among its clients. FXTM positions itself not just as a service provider but as a partner, aiming for mutual profitability with its traders.
FXTM has successfully expanded its reach to over 150 countries, with a growing client base of over 1 million users.
This global presence is supported by a network of offices across Europe, Africa, and Asia.
The service’s commitment to quality has been recognized with over 45 industry awards, underscoring its dedication to excellent customer service and innovation.
Trading Accounts and Platforms
FXTM offers versatile trading accounts, including ones with zero spreads on major FX pairs, tailored to meet diverse trading strategies and goals.
Traders can utilize popular trading platforms like MetaTrader4 and MetaTrader5, available on mobile, desktop, or web, which are designed for swift and efficient trade execution.
Explore Account and Platform Options
Safety and Security
Ensuring the safety of client funds is paramount at FXTM.
The company offers segregated funds protection, insuring individual investments up to $1 million.
This level of security offers traders assurance that their capital is safe, allowing them to focus on trading without undue worry about their investment’s security.
Why Trade with FXTM?
Choosing FXTM means partnering with a broker that offers a competitive edge in the markets through low-cost trading opportunities, comprehensive educational resources, and a secure trading environment.
With options like zero-spread accounts and cutting-edge trading platforms, FXTM provides tools and conditions that can help maximize trading potential.
To support both new and seasoned traders, FXTM provides a comprehensive range of free educational materials, including tutorials, webinars, and in-depth articles, covering various aspects of trading.
These resources are designed to enhance traders’ knowledge and skills, contributing to their overall success in the markets.
FXTM Trading Promotions & Contests Overview
FXTM offers a range of promotions and contests designed to enhance the trading experience and provide additional value and excitement for its clients.
These offerings are aimed at both rewarding existing traders and attracting new ones to explore FXTM’s services.
FXTM’s promotions typically include benefits such as lower commission rates and tighter spreads, which directly improve trading conditions for participants.
These promotions are intended to enhance profitability and optimize trading costs for traders at all levels.
Current Promotional Offers
FXTM frequently updates its promotional offers, providing benefits like bonus returns on trades or reduced costs on transactions.
These offers are designed to give traders an edge in their trading activities by reducing the costs associated with trading and potentially increasing returns.
It’s important for traders to understand that all promotions come with specific terms and conditions.
Participants are encouraged to thoroughly review these details to ensure they fully understand the criteria and benefits before opting in.
Check out the latest promotions
Contests at FXTM
FXTM hosts exciting trading contests that allow traders to demonstrate their trading skills against others from around the globe.
These contests often feature significant prizes and the opportunity to earn prestigious titles within the trading community.
Entering a trading contest at FXTM not only spices up the trading experience but also offers participants the chance to win valuable prizes and gain recognition in the forex trading community.
Prizes vary by contest but typically include cash rewards, trading credits, and other incentives that can enhance a trader’s portfolio and status.
Like promotions, all contests have specific rules and requirements which must be agreed upon before participation.
This ensures that all participants have a fair and clear understanding of how to compete and what they can expect in terms of outcomes.
Refer a Friend Program
FXTM also offers a “Refer a Friend” program, where both the referrer and the referred friend benefit financially.
This program not only incentivizes the growth of FXTM’s trading community but also rewards its members for contributing to that growth.
FXTM’s trading promotions and contests are designed to make trading more exciting and financially rewarding.
By participating in these programs, traders can potentially improve their trading skills, reduce costs, and earn significant rewards.
FXTM Account Types Overview
FXTM offers two primary types of trading accounts, each designed to cater to various trading styles and strategies.
These accounts are tailored to provide specific benefits, allowing traders to select the one that best fits their trading needs and preferences.
Account Type | ADVANTAGE | ADVANTAGE PLUS |
---|---|---|
Minimum Deposit | $/€/£ 500 | $/€/£ 500 |
Spreads | From 0.0 | From 1.5 |
Commissions | $3.5 per lot traded on FX $25 per million notional on Spot Metals $35 per million notional on Index CFDs and Commodity CFDs 0.07% of the notional value for Cryptocurrency CFDs $0.02 per side / lot traded on Stock CFDs (1 share = 1 lot), Minimum commission $0.01 |
Zero |
Trading Instruments | FX, Spot Metals, Index CFDs, Commodity CFDs, Cryptocurrency CFDs, Stock CFDs (only MT5) | FX, Spot Metals, Index CFDs, Commodity CFDs, Cryptocurrency CFDs, Stock CFDs (only MT5), Stocks (only MT5) |
Order Execution | Market Execution | Market Execution |
Currency | USD / EUR / GBP / NGN | USD / EUR / GBP |
Leverage/Margin Requirements | Up to 1:2000 (floating) | Up to 1:2000 (floating) |
Margin Call | 80% | 80% |
Stop Out | 50% | 50% |
Swap Free | Yes | Yes |
Limit & Stop Levels | No | No |
Decimal Quotes on FX and Metals | FX: 5 decimals (3 on JPY pairs), Metals: 2 decimals for XAUUSD, 3 decimals for XAGUSD | FX: 5 decimals (3 on JPY pairs), Metals: 2 decimals for XAUUSD, 3 decimals for XAGUSD |
Minimum Volume in Lots Per Trade | 0.01 | 0.01 |
Maximum Number of Orders | Unlimited | Unlimited |
Maximum Volume per Order | 100 | 100 |
Maximum Volume in Lots of Orders | Unlimited | 100 |
Maximum Volume of Pending Orders | 300 | 300 |
Go to the Account Opening Page
Advantage Account
The Advantage account is FXTM’s most popular account type, ideal for traders looking for competitive trading conditions:
- Spreads: Starts from zero on major FX pairs and as low as zero on Gold/US Dollar (XAUUSD).
- Commissions: $3.5 per lot on FX, variable rates on other instruments like metals and indices, and low charges on stock CFDs.
- Trading Instruments: Includes FX, spot metals, index CFDs, commodity CFDs, cryptocurrency CFDs, and stock CFDs (available only on MT5).
- Order Execution: Market execution ensures trades are executed at the best available market price.
- Leverage/Margin Requirements: Offers high leverage up to 1:2000, though this can vary based on the instrument and trading server.
- Currency Options: Available in USD, EUR, GBP, and NGN (for Nigerian clients).
- Minimum Deposit: Typically $500, providing accessibility without a high initial commitment.
This account type is suited for traders who prefer trading with tight spreads and are comfortable with paying commissions on trades.
Advantage Plus Account
Designed for traders who prefer trading without commissions, the Advantage Plus account offers:
- Spreads: Starts from 1.5, generally wider than those offered in the Advantage account to compensate for the lack of commission charges.
- Commissions: Zero commissions on all trades, making it suitable for volume traders who prefer cost predictability.
- Trading Instruments: Same as the Advantage account, covering a broad range of markets.
- Order Execution: Also features market execution for timely and efficient order placement.
- Leverage/Margin Requirements: Identical to the Advantage account, with up to 1:2000 leverage available.
- Currency Options: Supports trading in major currencies like USD, EUR, and GBP.
- Minimum Deposit: Equal to the Advantage account, set at $500.
The Advantage Plus is ideal for experienced traders who are capable of managing the cost implications of wider spreads but prefer to avoid direct commissions.
Open FXTM Advantage Plus Account
Common Features Across Both Accounts
- Swap-Free Option:
- Both accounts offer a swap-free version for traders who require compliance with Islamic finance principles.
- No Limit on Pending Orders:
- Both types maintain a flexible approach to pending orders, with no upper limit.
- High Maximum Volume on Orders:
- Both accounts allow a substantial volume per trade, reflecting FXTM’s capability to handle large transactions efficiently.
Demo Account
In addition to live trading accounts, FXTM also provides a demo account option.
This allows new traders to practice trading in a risk-free environment using virtual funds:
- Real Market Conditions:
- Traders can experience the dynamics of real trading without any financial risk.
- Educational Tools:
- Access to educational resources to enhance trading skills before transitioning to a live trading environment.
- Simulation of Live Trading:
- The demo account mirrors the features and trading conditions of live accounts, providing a comprehensive learning experience.
FXTM’s variety of account options ensures that both new and experienced traders can find an account type that suits their trading style and needs.
Financial Markets to invest with FXTM
FXTM offers a diverse range of investment products catering to different market preferences and investment strategies.
These products encompass various asset classes including currencies, stocks, indices, commodities, and cryptocurrencies.
Each class offers distinct opportunities and ways to engage with the global financial markets.
Forex Trading (FX)
Forex, or currency trading, is a major offering at FXTM.
This market involves trading currency pairs such as EUR/USD, USD/JPY, and GBP/USD among others.
Forex is known for its high liquidity and 24/5 trading hours, providing ample opportunities for traders to enter and exit the market.
FXTM offers competitive spreads starting from zero on major currency pairs and rapid trade execution to ensure clients receive the best possible market price.
- Major Currency Pairs: Involves the world’s most traded currencies, offering high liquidity and numerous trading opportunities.
- Exotic Currency Pairs: Combines major currencies with those from emerging markets, typically featuring higher volatility and potential for substantial price movements.
Stocks and Stock CFDs
FXTM enables trading on stocks and stock CFDs, allowing traders to take positions on global brands without purchasing the shares outright.
- US Stocks: Trading on major US stocks like Facebook, Apple, and Tesla is available with zero commission.
- Stock CFDs: Enables traders to speculate on the price movements of stocks with options for going long or short, utilizing leverage to potentially increase returns.
Commodities Trading
Traders at FXTM can engage with different commodities markets, such as oil and natural gas, through Contracts for Difference (CFDs).
This form of trading does not require buying the physical commodities but rather speculating on their price movements.
- Oil and Gas: Among the most traded commodities with opportunities to profit from fluctuations in global energy prices.
Invest in Commodities with FXTM
Indices Trading
FXTM offers CFDs on indices, providing a way to trade on the performance of segments of the stock market without directly investing in stocks.
- Global Indices: Such as the S&P 500, FTSE 100, and NASDAQ, allowing exposure to broad market trends and economic forces.
Cryptocurrency Trading
The volatility of cryptocurrencies like Bitcoin, Ethereum, and Ripple presents unique opportunities for traders.
FXTM offers cryptocurrency CFDs, enabling speculation on the price movements without the need to own or store the digital currencies.
- Crypto CFDs: Traders can go long or short using leverage, which can magnify both profits and losses.
Invest in Cryptocurrencies with FXTM
Key Benefits of Trading with FXTM
- Diverse Range of Instruments:
- Over 1000 instruments available, providing numerous trading opportunities.
- Ultra-Low Spreads and Rapid Execution:
- Competitive trading conditions that enhance trading efficiency and cost-effectiveness.
- Educational Resources:
- FXTM offers extensive materials to help traders build and refine their trading skills, suitable for all levels of experience.
- Regulatory Assurance:
- Regulated by multiple jurisdictions, ensuring a secure and reliable trading environment.
FXTM’s investment products are designed to cater to a broad audience, from novice traders to seasoned investors, providing a platform for nearly every investment style and preference.
Overview of FXTM Trading Platforms
FXTM offers robust trading platforms tailored to meet the needs of various traders through the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
These platforms are renowned for their advanced features and flexibility, catering to both beginner and experienced traders.
MetaTrader 4 (MT4)
Features of MT4:
- User Interface:
- Known for its user-friendly interface, making it ideal for newcomers to forex trading.
- Technical Tools:
- Provides over 30 technical indicators and access to multiple charting tools for comprehensive market analysis.
- Automation:
- Supports automated trading through Expert Advisors (EAs) which allows traders to automate their strategies.
- Customization:
- Offers customizable trading environment through the use of scripts and custom indicators.
- Platforms:
- Available on PC, Mac, Android, and iOS devices, ensuring traders can access their accounts and trade from anywhere.
- Market Access:
- Provides real-time access to market prices and enables trading in FX, metals, CFDs, and indices.
MetaTrader 5 (MT5)
Features of MT5:
- Enhanced Trading Functions:
- Offers additional order types and execution modes, as well as netting options for exchange-traded assets.
- Advanced Tools:
- Comes with 38 technical indicators, 44 graphical objects, and 21 timeframes for detailed market analysis.
- Depth of Market (DoM):
- Provides market depth, showing the volumes available at different price levels.
- Economic Calendar:
- Integrated directly into the platform, which is helpful for trading around events and news.
- Multi-Threaded Strategy Tester:
- Allows for more sophisticated testing of EAs across multiple currencies and timeframes.
- Platforms:
- Also available on PC, Mac, Android, and iOS devices.
Trading on Mobile
Both MT4 and MT5 are available as mobile apps on Android and iOS, providing full functionality to manage and execute trades directly from smartphones and tablets.
This flexibility ensures traders can react quickly to market changes no matter where they are.
Trading on Desktop
The desktop versions of MT4 and MT5 are robust, offering a comprehensive suite of trading tools, charting capabilities, and automated trading functions.
These platforms are particularly valued by traders who perform complex analysis and develop sophisticated trading strategies.
Trading via Browser
For those preferring not to download software, MT4 WebTrader allows for trading directly via a web browser.
This offers simplicity and convenience, especially for those using non-Windows operating systems or trading from different devices.
Key Differences Between MT4 and MT5
- Execution Types and Order Filling:
- MT5 offers more execution types and the ability to partially fill orders, which can be crucial for professional traders.
- Analytical Tools:
- MT5 includes more technical indicators, graphical objects, and timeframes.
- Market Access:
- MT5 tends to offer broader access to different markets, including stocks and commodities directly.
- Advanced Features:
- MT5 supports more advanced features such as economic calendars and multi-threaded strategy testing.
FXTM’s provision of MT4 and MT5 caters to all levels of trading experience and preferences, ensuring that every trader has the tools and technology necessary to execute their trading strategies effectively.
With options for desktop, mobile, and browser-based trading, FXTM platforms are designed to be flexible and accessible, irrespective of the trader’s location or preferred device.
FXTM Copy Trading Overview
FXTM offers a copy trading service, known as FXTM Invest, which allows individuals to follow the trades of experienced strategy managers.
This service is designed for those who may lack the time or expertise to trade by themselves but still wish to participate in the financial markets.
How FXTM Copy Trading Works
- Select a Strategy Manager: Users can choose from a roster of vetted strategy managers based on performance metrics and trading style.
- Investment Amount: Starting with as little as $100, investors can allocate funds to follow the trades of their selected strategy manager.
- Automatic Trading: Once a strategy manager executes a trade, the same trade is automatically replicated in the investor’s account, mirroring the manager’s actions.
- Fee Structure: Investors only pay a fee when their strategy manager achieves a profitable trade, aligning the interests of both parties.
- Platform Use: While strategy managers trade using the Advantage Plus MT4 accounts, investors can monitor and manage their investments via the MYFXTM dashboard.
Benefits of Copy Trading with FXTM
- Accessibility:
- Provides an accessible way for individuals to engage with the markets without needing to develop deep expertise.
- Time-Saving:
- Removes the need for constant market monitoring, as the strategy managers handle the trading activities.
- Educational Value:
- Offers an opportunity to learn by observing the strategies and trades executed by experienced traders.
- Risk Management:
- Allows for diversification of investments by following multiple strategy managers with different trading styles and strategies.
Becoming a Strategy Manager
Experienced traders can also benefit from FXTM’s copy trading platform by becoming strategy managers.
This role enables them to earn a percentage of the profits they generate for their followers, up to 30%.
The more successful their trading strategies, the larger their potential earnings from followers’ profit shares.
- Requirements:
- Opening an Advantage Plus account and meeting a minimum deposit requirement.
- Visibility:
- Strategy managers gain exposure to thousands of potential followers, enhancing their trading profile and potentially increasing their earnings.
Key Considerations
- Risk: As with all forms of trading, copy trading involves risks. The success of investments will directly correlate with the performance of the chosen strategy managers.
- Market Dynamics: Strategy managers’ past performance does not guarantee future results, and investments can fluctuate with market conditions.
- Control: Investors maintain control over their accounts and can enter or exit the copy trading arrangements as needed, offering flexibility in managing their investments.
FXTM’s copy trading program offers a structured platform for investors to engage with the markets through the expertise of seasoned traders.
It provides a blend of potential for educational growth, ease of access, and a risk-managed approach to trading.
For traders with sufficient experience and successful strategies, becoming a strategy manager can offer an attractive avenue to leverage their skills for additional earnings.
FXTM’s Fund Deposit and Withdrawal Methods
Deposit Methods at FXTM
FXTM provides a variety of deposit options, catering to a global clientele with choices ranging from local payment solutions to international banking methods.
These include:
- Credit and Debit Cards: Visa, Mastercard, and Maestro are widely accepted.
- E-Wallets: Options such as Google Pay, Skrill, Neteller, and PerfectMoney offer convenient online transactions.
- Local Payment Solutions: Specific to regions, these include UPI and Netbanking for India, Instant Bank Transfers in Nigeria, and M-Pesa for certain African locations.
- Bank Wire Transfers: A traditional method that is available globally.
Deposits are generally processed instantly unless additional verification is required.
FXTM ensures that all transactions are secure, using top-tier banks for fund management and adhering to stringent regulatory standards.
Withdrawal Methods at FXTM
Withdrawals at FXTM are designed to be as flexible as deposits.
Key points include:
- Same Source Withdrawal: Initial deposits must be withdrawn using the same method as the deposit.
- Diverse Options for Profit Withdrawal: Profits can be withdrawn using any available method, offering flexibility and convenience.
- Security Measures: All withdrawals must be made to accounts that match the registered name with FXTM, ensuring security and compliance with anti-fraud regulations.
Withdrawals are subject to fees if certain conditions apply, such as inactivity fees or small transaction fees for amounts under $30.
The process is straightforward, requiring users to log into MyFXTM, select a withdrawal method, choose the account, and submit the request.
Transaction Security and Fund Protection
FXTM places high importance on the security of transactions and the protection of client funds:
- Segregated Funds:
- Client funds are kept separate from the company’s operational funds in top-tier banks, ensuring that client money is not used for any other purposes.
- Regulated and Licensed:
- FXTM is globally regulated, which mandates strict compliance with financial standards and offers additional peace of mind for traders.
- Encryption and Data Protection:
- The use of SSL (Secure Sockets Layer) and comprehensive server authentication policies protect data integrity and privacy.
- Internal Transfers: FXTM allows for internal transfers between trading accounts, which can be done quickly and without commission.
- Inactivity Fees: Accounts that show no trading activity for a period of six months are subject to a monthly inactivity fee, which is deducted from the account balance until it is depleted.
Step-by-Step Guide to Deposits and Withdrawals
Deposits
- Open the Deposits page in the MyFXTM section.
- Select the preferred deposit method.
- Choose the trading account and complete the required fields.
- Confirm the details to complete the deposit.
Withdrawals
- Access the Withdraw page in MyFXTM.
- Choose the payment method and select the ‘Withdraw’ option.
- Select the account or wallet to withdraw funds from and complete the necessary details.
- Confirm the transaction.
FXTM provides robust customer support for any inquiries related to deposits and withdrawals, ensuring that traders can manage their funds effectively and with ease.
FXTM Trading Statistics Overview
FXTM stands out in the forex trading industry by not only setting high standards but also providing a transparent view into its trading performance.
This approach demonstrates the company’s commitment to offering competitive trading conditions and robust trade execution.
Key Performance Metrics
Trade Execution Speed
FXTM prides itself on its ability to execute trades swiftly, ensuring traders can capitalize on market conditions as they unfold:
- Trade Execution Time:
- 99.90% of all trades are executed in less than one second, highlighting the platform’s rapid response capability.
- Average Time for Order Execution:
- The average time taken from the receipt of an order to its execution is only 0.071 seconds, ensuring minimal delay in trade implementation.
Trade with FXTM’s Fast Execution
Trading Costs and Price Improvement
FXTM strives to minimize trading costs, providing highly competitive spreads:
- Spreads on Major FX Pairs:
- The platform typically offers spreads close to zero for major FX pairs such as EURUSD and GBPUSD, and even zero on gold.
- Price Improvement:
- 97.18% of trades experience price improvement, meaning they are executed at prices better than the initially quoted best market price.
- Average Value of Price Improvement:
- The average improvement is 0.30 pips, demonstrating FXTM’s effectiveness in enhancing trade value for clients. This figure specifically accounts for orders closed by Take Profit.
FXTM’s trading statistics showcase its efficient and effective trading environment, characterized by fast execution, low costs, and favorable price adjustments.
These statistics are a crucial part of FXTM’s transparent approach, allowing traders to understand and appreciate the quality of service provided.
Overview of FXTM Trading Commissions and Fees
FXTM is committed to providing low trading costs and transparent fee structures to ensure that traders can manage their investments effectively while minimizing expenses.
Breakdown of Trading Costs at FXTM
- Spreads
- Spreads represent the primary cost of trading with FXTM, defined as the difference between the ask price and the bid price for each trade. FXTM strives to keep spreads tight, reducing the overall cost of trading for its clients. For example, the Advantage account offers spreads as low as zero on major FX pairs like EURUSD and even on commodities like Gold.
- Commissions
- Commissions are fees charged for executing trades. FXTM prides itself on keeping these fees low to enhance trader profitability. For instance:
- Advantage Plus Account: No commission fees are charged at all, making it an attractive option for traders looking to reduce costs.
- Advantage Account: Offers competitive commissions on FX, Spot Metals, and Cryptocurrency CFDs.
The specific commission rate for the Advantage MT4 account is $3.5 per lot on FX, providing clarity on the cost per transaction.
- Swaps
- Swaps refer to the interest paid or earned for holding a position overnight. The rate is determined by the type of position (buy or sell) and is expressed in pips per lot. These are kept as low as possible, with rates varying depending on the traded instrument.
How Commissions Are Calculated
FXTM maintains a minimal commission structure:
Minimum Commission Fee: $25 per million notional on FX, Metals, and CFDs is the lowest fee charged, ensuring costs are kept to a minimum.
FXTM’s approach to trading commissions and fees reflects its commitment to providing competitive and transparent trading conditions.
By keeping costs like spreads and commissions low and providing options for commission-free trading, FXTM ensures that traders have the potential to maximize their returns while clearly understanding the costs associated with their trading activities.
Overview of FXTM Leverage and Margin Requirements
FXTM provides traders with the opportunity to magnify their trading capacity through leverage, while also setting specific requirements for margin to manage risk effectively.
Leverage Condition
Leverage is essentially a mechanism that allows traders to control larger positions in the market than what they could with their own capital alone.
It is comparable to receiving a loan from the broker, which can significantly increase potential profits from successful trades.
However, it is important to note that while leverage can amplify returns, it also increases potential losses.
- Ratio: FXTM offers leverage up to 1:2000, which is considered high and can greatly expand buying power.
- Floating Leverage: This means the leverage ratio can change based on the size of the open positions and the account balance.
Trade with FXTM’s High Leverage
Margin Requirements at FXTM
Margin is the amount of capital required in a trader’s account to open and maintain positions.
It acts as a security deposit and is necessary to cover potential losses.
- Maintenance Margin: This is the minimum amount that must be available in the trader’s account to keep trades open. If the account equity falls below this level due to trading losses, FXTM may close positions to prevent further losses.
- Margin Call: Occurs when the account balance approaches a point where it no longer meets the minimum margin requirements. Traders are expected to either close some positions or deposit additional funds to meet margin requirements.
Specifics for Different Account Types
FXTM offers different trading conditions for its Advantage and Advantage Plus accounts, both in terms of leverage and margin:
Advantage Account:
- Offers leverage up to 1:2000.
- Features tight spreads with commission fees on certain trades.
Advantage Plus Account:
- Also provides leverage up to 1:2000.
- Comes with zero commission but generally has wider spreads compared to the Advantage account.
FXTM provides flexible trading conditions with high leverage and detailed margin requirements tailored to help traders manage risks while potentially increasing their market exposure.
Traders are encouraged to fully understand the terms of leverage and margin, considering both the opportunities and risks involved.
As market conditions and personal trading strategies differ, FXTM offers resources and support to assist traders in making informed decisions suitable for their individual trading objectives and experience levels.
How to open FXTM’s Bonus Account?
Opening an account with FXTM and participating in its bonus promotions involves several straightforward steps.
Here’s a detailed guide on how to do it:
Step 1: Choose Your Account Type
FXTM offers various types of accounts, such as the Advantage and Advantage Plus accounts.
Select the one that best suits your trading style:
- Advantage Account: Ideal for those who prefer trading with tight spreads and are comfortable with paying commissions.
- Advantage Plus Account: Best for traders who prefer not to pay commissions and don’t mind wider spreads.
Step 2: Register and Verify Your Account
Sign Up: Go to the FXTM website and sign up by providing your personal information, such as name, email, and contact details.
Verification: Submit the necessary documents to verify your identity and address. This might include a government-issued ID and a recent utility bill or bank statement.
Step 3: Make a Deposit
Choose from various deposit methods like credit/debit cards, e-wallets, local payment solutions, or bank wire transfers.
Follow the instructions to fund your account, adhering to the minimum deposit requirements which typically start at $500.
Step 4: Participate in Promotions and Contests
Review Promotions: Check the current promotional offers on FXTM’s website. These can include lower commission rates, tighter spreads, or bonus returns on trades.
Understand Terms and Conditions: Each promotion has specific terms. Make sure you understand these to maximize benefits.
Enter Contests: If you’re interested in competitive trading, join FXTM’s trading contests which may offer prizes like cash rewards or trading credits.
Check out the latest Promotions
Step 5: Start Trading
Utilize the trading platforms provided by FXTM, such as MetaTrader4 or MetaTrader5, to start trading. These platforms are available on multiple devices, including mobile and desktop.
Keep an eye on your trades and the promotions you’ve participated in. Adjust your strategies as needed to align with market conditions and ongoing promotions.
Step 6: Withdraw Profits
To withdraw funds, log into MyFXTM, select your withdrawal method, and follow the instructions to transfer your profits or initial deposits back to your chosen payment method.
By following these steps, you can effectively open an account with FXTM, engage in trading activities, and take advantage of promotional offers to potentially enhance your trading experience and profitability.
FAQs about FXTM’s Trading Service
- What is FXTM?
- FXTM is a global broker offering trading in FX, CFDs, and stocks. It aims to provide transparency, access, and value to its clients.
- What platforms does FXTM offer for trading?
- FXTM offers MetaTrader 4 and MetaTrader 5 platforms available on desktop, mobile, and web for trading.
- What types of accounts does FXTM offer?
- FXTM provides several account types including the Advantage and Advantage Plus accounts, each tailored to different trading needs.
- Can I practice trading on FXTM without risking money?
- Yes, FXTM offers a demo account where you can practice trading with virtual money.
- What is the minimum deposit to start trading with FXTM?
- The minimum deposit varies by account type but starts at $10 for some accounts.
- Does FXTM offer copy trading?
- Yes, FXTM offers a copy trading service called FXTM Invest, allowing users to copy the trades of experienced strategy managers.
- What leverage does FXTM offer?
- FXTM offers leverage up to 1:2000, depending on the account type and client knowledge.
- Are there any fees for trading with FXTM?
- Trading costs vary by account type; the Advantage account may offer zero spreads on major FX pairs, while the Advantage Plus account offers zero commission but wider spreads.
- How can I deposit and withdraw funds with FXTM?
- FXTM supports multiple deposit and withdrawal methods including bank transfers, credit cards, and e-wallets.
- What instruments can I trade with FXTM?
- You can trade various instruments including forex, commodities, indices, stocks, and cryptocurrencies.
- Is FXTM regulated?
- Yes, FXTM is regulated by several jurisdictions around the world, ensuring compliance and client protection.
- How can I open an account with FXTM?
- You can open an account by registering on the FXTM website, providing necessary documents, and funding your account.
Please check FXTM official website or contact the customer support with regard to the latest information and more accurate details.
FXTM official website is here.
Please click "Introduction of FXTM", if you want to know the details and the company information of FXTM.
(Forex Broker)
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!