How-to-open-FXTM-MT5-Forex-trading-account How-to-open-FXTM-MT5-Forex-trading-account

FXTM

An international broker regulated by multiple supervisory bodies, FXTM has been operating in the markets for over a decade, offering an efficient service with high safety standards. Since its inception, industry experts have worked tirelessly to create a fair environment capable of meeting the needs of any trader. In practice, an environment not reserved for a few elites, but easily accessible by beginners, professionals, or any other category of trader with diverse characteristics.

Every trader in the world knows that adequate market knowledge and excellent risk management play a crucial role in creating effective strategies. Aware of this, FXTM offers traders excellent educational paths and favorable trading conditions.

Cutting-edge tools, accounts suitable for any need, flexible trading conditions, unparalleled safety standards, and a wide range of investment products offer over a million clients worldwide the opportunity to interact best in the markets to maximize profit from any operation.

Trust.
As a strictly regulated broker by numerous supervisory bodies, FXTM guarantees clients a transparent and secure environment. All funds are deposited in segregated accounts at top-tier banks, inaccessible to anyone except the account holders. No hidden fees or unclear regulations.
Equity.
The broker offers an environment through which traders of any level can access all tools and services available, without distinctions or exclusive reservations. Moreover, the broker offers the opportunity to expand one’s knowledge through detailed totally free educational paths. Knowledge is power.
Value and effort.
Offering advantageous and flexible trading conditions, the broker allows clients to trade optimally. Minimal spreads, commissions starting from zero, and maximum support.
Accounts for everyone.
The accounts offered by the broker are carefully designed to allow traders of any level to find the right solution for their needs.
Zero spread
Spreads starting from zero on all major currencies and minimal spreads for investments in precious metals (feature available only on Advantage accounts).
Popular and cutting-edge platforms.
To interact in the markets, the broker offers clients the choice between MetaTrader4 or MetaTrader5. Two of the most powerful and efficient platforms in the world. Software with an intuitive interface, easy to use, with a wide range of advanced tools and fully customizable.
A wide range of completely free educational tools.
A section dedicated to learning and updating suitable not only for beginner traders. Educational materials for any level of experience, capable of allowing the trader to improve their status and trade with greater security.

Get FXTM’s Account Opening Bonus

*Official Website: fxtm.com

FXTM Accounts

With the intent to allow traders of any category to trade to the best of their abilities, the broker offers an excellent list of accounts, carefully designed to allow both professional and beginner traders to find the right solution. The broker offers a total of 3 different accounts. Although the list is not particularly extensive, each of the offered accounts will be able to fulfill its duty: making each trading experience unique.

Each account has specific features and trading conditions. Every trader will have the opportunity to test them (even through demo versions) and choose the right option.

It is important to note the minimum deposit for activating accounts. Indeed, regardless of the type of account selected, the minimum deposit will be only $200. Allowing the trader to choose without pressure how and when to expand their deposit and investment volume is the key to establishing a relationship based on total mutual trust.

The accounts offered by the broker are:

  • Advantage Account
  • Advantage Plus Account
  • Advantage Stocks Account

Open FXTM’s Welcome Account

*Official Website: fxtm.com

Advantage Account

The features of this type of account offer a classic approach to trading, suitable for both beginner and professional traders. Undoubtedly the most popular account offered by the broker, the Advantage offers spreads starting from zero, minimal commissions, and leverage up to 1:3000

Features Advantage Account
Minimum deposit $200/€/£, ₦80,000
Spread Variable starting from 0.0 pips
Trading commissions Average of $0.40 – $2 depending on volume
Available instruments Forex, Spot Metals, CFDs on Indices, CFDs on Commodities, CFDs on Cryptocurrencies, CFDs on Stocks (only MT5)
Platforms available MT4 / MT5
Order execution Market execution
Available currencies USD / EUR / GBP / NGN
Margin call 80%
Stop out 50%
Islamic account option (Swap Free) Available
Limit and stop levels Not available
Minimum trading volume 0.01 lot
Maximum number of orders Unlimited
Maximum volume of tradable lots Unlimited
Maximum number of pending orders 300
Maximum volume per single order 100
Max leverage Up to 1:3000

It is important to specify that:

  • The maximum leverage offered for traders residing in Kenya is 1:400, regardless of the type of account or instrument traded.
  • NGN accounts are exclusively for traders residing in Nigeria.
  • Spreads are fluctuating and may vary depending on market conditions.
  • The broker makes dividend adjustments on stocks and indices when positions remain open at the close of the trading session, the business day before the dividend ex-date. Despite this, it is important to specify that the dividend adjustment will be made before the market opens on the ex-date. If a client has buying positions, the fixed amount of the dividend will be credited to their account. Otherwise (selling positions), the dividend amount will be debited.
  • Trading commissions on Advantage MT4 accounts will be charged only when a position is opened. For open-closed operations, the commission amount shown in the table must be doubled. To know in detail the commissions to be incurred, consult the section dedicated to Commissions.
  • Margin requirements may vary between symbols and servers. For clarifications, consult the Leverage and Margin Requirements page on the official website.
  • During the daily rollover (from 23:59:59 server time MT), for a few seconds, servers will not accept any requests. Reason: preparation of daily and monthly statements.
  • Within an hour of the closing session each Friday, Stop Out and Margin Call levels may vary from 50% to 100% to 80% to 130%.
  • Islamic swap-free accounts cannot trade exotic pairs
  • On Advantage MT4/MT5 and Advantage Plus MT4/MT5 accounts, the maximum volume per order for indices and commodities will be 5 lots.
  • On Advantage MT4/MT5 and Advantage Plus MT4/MT5 accounts, the total order volume for indices and commodities is 100 lots.

Get FXTM’s Deposit Bonus

*Official Website: fxtm.com

Advantage Plus Account

An account type created for experts in the field who prefer investments with variable spreads and zero commissions, the Advantage Plus offers a high-performance environment for creating meticulously crafted strategies.

Features Advantage Plus Account
Minimum deposit $200/€/£, ₦80,000
Spread Variable starting from 1.5 pips
Trading commissions Zero
Available instruments Forex, Spot Metals, CFDs on Indices, CFDs on Commodities, CFDs on Cryptocurrencies, CFDs on Stocks (only MT5)
Platforms available MT4 / MT5
Order execution Market execution
Available currencies USD / EUR / GBP / NGN
Margin call 80%
Stop out 50%
Islamic account option (Swap Free) Available
Limit and stop levels Not available
Minimum trading volume 0.01 lot
Maximum number of orders Unlimited
Maximum volume of tradable lots Unlimited
Maximum number of pending orders 300
Maximum volume per single order 100
Max leverage Up to 1:3000

Get FXTM’s Account Opening Bonus

*Official Website: fxtm.com

Advantage Stocks Account

An innovative account created exclusively for traders who prefer investments in stocks. The Advantage Stocks account offers cutting-edge tools and features, to maximize benefits from investments in the most influential publicly traded companies (600 stocks available including Tesla, Apple, Microsoft, and many others). In addition to the wide range of products available, the account offers exceptional trading conditions, with minimal spreads and no trading commissions.

Features Advantage Stocks Account
Minimum deposit $200/€/£, ₦80,000
Spread Variable starting from 6 cents
Trading commissions Zero
Available instruments Stocks
Platforms available MT5
Order execution Market execution
Available currencies USD
Margin call n/a
Stop out Not available
Islamic account option (Swap Free) n/a
Limit and stop levels Not available
Minimum trading volume 0.01 lot
Maximum number of orders Unlimited
Maximum volume of tradable lots Unlimited
Maximum number of pending orders Unlimited
Maximum volume per single order Unlimited
Max leverage Up to 1:1

Open FXTM’s Welcome Account

*Official Website: fxtm.com

How to Open an FXTM Account

Opening a new account with the broker is simple. As a broker regulated by multiple supervisory bodies, FXTM ensures a quick, transparent, and highly secure registration for traders around the world. Regardless of the interested trader’s country of residence, the registration process will be the same. The client can provide all required information, verify their identity, and make a deposit quickly.

Moreover, as already described, “undecided” traders can opt for opening a demo account to trade at zero cost and without any risk. Having verified the high quality of the offered environment and the compatibility of the selected account, the trader can open a real account and start investing in the markets.

To open a new real account, just follow these very simple steps:

First step.
To start, the interested trader will need to visit the official website of the broker and click on the “Open an account” icon, visible at the top right of the page. In the new screen, the trader will need to fill out the first registration form by entering: first name, last name, country of residence, phone number, valid email, secure password to use for the new account. Carefully read the terms and conditions of use, select the verification method (email or SMS) and enter the code received in the appropriate space. Click on “Register”.
Second step.
In this s, tepthe trader will decide the type of account to open and complete the registration. Having selected the suitable account for their needs, click on “continue registration” and fill out the new form by entering: gender, date of birth, sector of employment, job role, tax code, city of residence, full address, verifiable source of funds. Click on “Continue”.
Last step
To successfully complete the registration, the trader must undergo a verification of the data provided, proving their real identity and country of origin. To do this, they must send a clear front and back photo of a valid identification document (identity card, passport, driver’s license) and a recent utility bill containing the full address of the trader (electricity, gas, internet, etc.). Once suitable, the trader can customize their account by setting its parameters, make an initial deposit, and begin investing.

Get FXTM’s Account Opening Bonus

*Official Website: fxtm.com

Comparing the Accounts

As illustrated earlier, opening an account with the broker is simple. Moreover, every trader can trade to the best of their abilities by selecting the most suitable account for their modus operandi. Each account has specific features, suitable for a particular category of trader or markets to trade on.

Below, a detailed comparative table will allow the trader to determine which of the offered accounts is more suitable for trading.

Features Advantage Account Advantage Plus Account Advantage Stocks Account
Minimum deposit $200/€/£, ₦80,000 $200/€/£, ₦80,000 $200/€/£, ₦80,000
Spread Variable starting from 0.0 pips Variable starting from 1.5 pips Variable starting from 6 cents
Trading commissions Average of $0.40 – $2 depending on volume Zero Zero
Available instruments Forex, Spot Metals, CFDs on Indices, CFDs on Commodities, CFDs on Cryptocurrencies, CFDs on Stocks (only MT5) Forex, Spot Metals, CFDs on Indices, CFDs on Commodities, CFDs on Cryptocurrencies, CFDs on Stocks (only MT5) Stocks
Platforms available MT4 / MT5 MT4 / MT5 MT5
Order execution Market execution Market execution Market execution
Available currencies USD / EUR / GBP / NGN USD / EUR / GBP / NGN USD
Margin call 80% 80% n/a
Stop out 50% 50% Not available
Islamic account option (Swap Free) Available Available Not available
Limit and stop levels Not available Not available Not available
Minimum trading volume 0.01 lot 0.01 lot 0.01 lot
Maximum number of orders Unlimited Unlimited Unlimited
Maximum volume of tradable lots Unlimited Unlimited Unlimited
Maximum number of pending orders 300 300 Unlimited
Maximum volume per single order 100 100 Unlimited
Max leverage Up to 1:3000 Up to 1:3000 Max 1:1
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