CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before you can discover your next big opportunity in the markets, you need to discover which trading account will help you find it. Each account type is equipped with unique settings and terms, tailored to your trading and investment goals.
Whether you’re already an experienced trader or brand-new to the markets, you’ll be sure to find what you’re looking for. To help you make your choice, we’ve put together some frequently asked questions about each account.
Not ready to trade with real money? No problem! All 3 of our trading account types are available in demo mode, so you can explore the many benefits each has to offer — using virtual funds under real market conditions.
We have recently simplified our account structure. If you are a client who still holds one of our previous accounts with us and would like to visit our old comparison page, click here.
| Micro | Advantage | Advantage Plus | |
|---|---|---|---|
| Minimum deposit required | $/€/£ 50 | $/€/£ 500 | $/€/£ 5001 |
| Spreads2 | From 1.53 | From 0.0 | From 1.5 |
| Trading Instruments | FX Metals | FX Metals Commodities Indices | FX Metals Commodities Indices |
| Commission | Zero | Average of $0.40 - $2 based on volume (read more) | Zero |
| Platforms5 | MT4 | MT4 | MT4 |
| Currency | US Cent / EU Cent / GBP Pence1 | USD / EUR / GBP | USD / EUR / GBP1 |
| Leverage / Margin Requirements5 (what's this?) | Up to 1:30 (fixed) Read more | Up to 1:30 (fixed) Read more | Up to 1:30 (fixed) Read more |
| Order execution6 (read about the difference in our FAQ below) | Instant Execution | Market Execution | Market Execution |
| Margin Call | 60% | 80%9 | 80% |
| Stop Out | 40% | 50% | 50% |
| Swap-Free10 |  | | |
| Limit & Stop Levels | 1 spread |  | |
| 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 | 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 | 0.01 |
| Maximum Number of Orders | 300 | Unlimited | Unlimited |
| Maximum Volume per Order | 10 | 100 | 100 |
| Maximum Volume in Lots of Orders | 3000 | Unlimited | Unlimited |
| Maximum Number of Pending Orders | 100 | 300 | 300 |
| Ready to open your account? Choose your platform and click on real or demo to continue. | Choose your trading platform | Choose your trading platform |
Get more from the markets when you join FXTM.
Register or log in to MyFXTM to choose your account there.
- Competitive pricing: typically zero spreads on FX majors, as low as zero on gold on our most popular account
- Wide choice of markets: Metals, stocks, stock CFDs, indices, FX and commodities
- Proper guidance: free education and tools, and customer support 24/5
Can’t decide which account is right for you? Get in touch — we’re here to help.
Get to know our accounts to find the one that’s right for you
It’s important to understand the ins and outs of our account types as this will help you choose the one that’s right for you and your trading goals. With this in mind, we’ve put together the most asked questions our new traders have whenever they’re not sure about which account to choose.
If you still don’t feel confident after reading through the section below, please get in touch and we’ll be happy to guide you through this important and exciting step on your trading journey.
Micro Account
What makes this account different than the others?
Our Micro Account is uniquely designed for traders who are most comfortable using industry-classic MetaTrader 4. It also has a minimum deposit of just $50, so if you’re new to trading you can get started without worrying too much about jumping right in with a lot of capital.
What’s the biggest advantage to trading on this account?
The Micro Account offers zero commission, tight spreads and a very affordable minimum deposit requirement of just $50 – while still giving you access to trade metals, indices, FX and commodities.
What’s the biggest drawback to trading on the Micro Account?
This is the only account with instant execution – meaning that we, as your broker, act as the middle man between you and the market and sometimes send you what’s called a requote. It basically means that you won’t open a position at the exact price you originally requested, which is why some traders prefer market execution, where orders are executed in milliseconds at the best market price.
The spreads are also much wider on the Micro account than the Advantage, for example.
How much previous experience should I have if I want to trade on the Micro Account?
The Micro Account is designed to accommodate everyone as long as it meets their individual trading needs. With that said, it is mostly popular among traders who are new to the markets and don’t wish to invest a lot of their own money right away.
How can I be sure that it’s safe to trade on this account?
As with all of our account types, you’ll have the opportunity to choose secure and efficient payment methods.
Just like every responsible broker out there, we’re licensed and regulated and treat our clients’ trading safety as the highest priority. We guarantee the safety of your deposits with segregated funds protection (meaning your money is kept entirely separate from the company’s funds at all times!).
It is also necessary for us to remind you to stay alert about the risks involved in trading at all times, and take the necessary actions to manage your risk. For example, you should use stop loss limit orders for your trading according to market conditions and your risk tolerance. Also, you need to use leverage with caution because increasing leverage means increasing risk.
Advantage Account
What makes this account different than the others?
This is by far our most popular account. Why? Not only do traders trade on market execution with ECN, but our spreads – probably the most important factor for traders when deciding on which account to open – are typically zero on some of the most traded currency pairs in the world, including EURUSD and EURGBP, and as low as zero on Gold/Us Dollar (XAUUSD).
What’s the biggest advantage to trading on this account?
It’s no coincidence that this account is called Advantage.
The ultra-tight spreads is number one, it’s really hard to find that kind of pricing with other brokers who are as established as FXTM. Then there’s the market execution for orders, meaning you enter your trades at market price and within milliseconds.
What’s the biggest drawback to trading on the Advantage account?
While the spreads are great, this account does come with commission which ranges from $0.40 to $2 per $100K notional value. The commission rate is based on a floating structure, meaning that the more your equity and trading volume rise, the less commission you pay. Click here for a more thorough breakdown of our commission structure for this account.
How much previous experience should I have if I want to trade on the ECN Advantage Account?
We try to make sure our account types work for traders of all experience levels. However, the ECN Advantage does require a larger minimum deposit of $500, so traders that are not ready to initially invest this much capital may choose to open a Micro account.
How can I be sure that it’s safe to trade on this account?
As with all of our account types, you’ll have the opportunity to choose secure and efficient payment methods.
Just like every responsible broker out there, we’re licensed and regulated and treat our clients’ trading safety as the highest priority. We guarantee the safety of your deposits with segregated funds protection (meaning your money is kept entirely separate from the company’s funds at all times!).
It is also necessary for us to remind you to stay alert about the risks involved in trading at all times, and take the necessary actions to manage your risk. For example, you should use stop loss limit orders for your trading according to market conditions and your risk tolerance. Also, you need to use leverage with caution because increasing leverage means increasing risk.
Advantage Plus account
What makes this account different than the others?
The Advantage Plus offers near-identical trading conditions as the Advantage account, the biggest difference being that it offers commission-free trading with wider spreads.
What’s the biggest advantage to trading on the Advantage Plus account?
Advantage Plus comes with zero commission, which may appeal to a lot of traders. Whereas the vast majority of traders prefer not to incur cost through extremely tight spreads, which is why the Advantage account is the more preferred between the two, some traders would rather pay no commission and balance out the difference of what they end up getting charged in the spreads.
Other than that, it’s just about the same as the Advantage. You get market execution and access to the same assets.
What’s the biggest drawback to trading on the Advantage Plus?
We know we’re repeating ourselves a bit here, but it’s the spreads. You’re still able to trade a wide variety of financial instruments with seriously competitive pricing, but we understand why a lot of our traders would consider the wider spreads the biggest disadvantage for this account. It’s ultimately a matter of how you prefer to be charged for you trading.
How much previous experience should I have if I want to trade on the Advantage Plus?
If you’re someone who is comfortable and understand the implications of getting charged for your trading through spreads, Advantage Plus is a good choice. Wider spreads may confuse or surprise a lot of first-time traders, so that’s the most important experience you should bring to the table.
That said, as with all of our accounts we really do try to cater to traders of all experience levels, and if you feel like opening it even without a lot of trading history with wide spreads behind you, that’s completely up to you.
How can I be sure that it’s safe to trade on this account?
As with all of our account types, you’ll have the opportunity to choose secure and efficient payment methods.
Just like every responsible broker out there, we’re licensed and regulated and treat our clients’ trading safety as the highest priority. We guarantee the safety of your deposits with segregated funds protection (meaning your money is kept entirely separate from the company’s funds at all times!).
It is also necessary for us to remind you to stay alert about the risks involved in trading at all times, and take the necessary actions to manage your risk. For example, you should use stop loss limit orders for your trading according to market conditions and your risk tolerance. Also, you need to use leverage with caution because increasing leverage means increasing risk.
How are you feeling about our trading account choices now?
If you’re ready and up for it, scroll back up to our registration form on this page or just click the button below to get started on your trading journey.
Open an AccountTrading leveraged products has the potential to increase losses as well as profits. Click here to read more and please trade carefully.
Please Note:
1 NGN accounts are only available to clients in Nigeria.
2 Spreads are floating, and they may increase during specific periods of the day depending on the market conditions.
3 FXTM applies dividend adjustments on Stocks and Indices when positions remain open at the close of the trading session, on the business day before the ex-dividend date. However, kindly note that the dividend adjustment takes place before the market opening of the ex-dividend date. If a client is holding buy positions his/her account will be credited with the fixed dividend amount. If a client is holding sell positions, then the dividend amount will be debited from his/her account.
4 Commission on Advantage MT4 is taken only when a position is opened, at double the levels listed in the table above (accounting for both the opening and the closing of the position). For further details of the Commission charges for Advantage MT4 account, please refer to the Commissions page.
5 Please note that margin requirements may vary between symbols and servers. For further information please refer to the Leverage and margin requirements page.
6 Please note that during the daily rollover starting from 23:59:59 (MT server time) and for a few seconds, our servers stop accepting any requests due to data processing in regard to the preparation of daily and monthly statements.
7 Please bear in mind that we reserve the right to switch the leverage to a maximum of up to 1:100 for all forex currency pairs and spot metals within the hour before the trading session ends on every Friday if any positions are opened, closed, or modified on a Micro account. However, before the beginning of the next trading session, the leverage will be reset based on the total volume of open positions on the account. We may extend these amendments for as long as we deem necessary after the market opening, by providing you with a prior written notice.
8 Micro Accounts offer a fixed leverage which is based on your experience and knowledge and can be changed within your MyFXTM.
9 Please bear in mind that we reserve the right to change, within the hour before the close of the trading session on every Friday, the Stop Out and Margin Call levels from 50% to 100% and from 80% to 130% respectively, for all Advantage MT4/MT5 accounts. We may extend these amendments for as long as we deem necessary after the market opening, by providing you with prior written notice.
10 Exotic pairs are not available for swap-free accounts.
11 On Micro server 1 Lot size is 0.01 Standard Lots or 1,000 units. The maximum volume per trade on our Micro server is 100 Cent lots which is equal to 1 Standard lot or 100,000 units.
12 For indices and commodities on the Advantage MT4/MT5 accounts, the Maximum Volume per trade is 5 lots; for indices the Maximum Volume per trade is 50 lots on Advantage Plus MT4 Accounts.
13For Indices and Commodities on the Advantage MT4/MT5 accounts, the Maximum Volume of all orders is 100 lots.
