Comparison of FXTM’s trading account types and platforms

FXTM

FXTM is a strictly regulated international broker that has always had full customer satisfaction as its main objective. Considered a leader in the online trading sector, the broker offers an environment full of investment opportunities that the customer can exploit thanks to a wide range of cutting-edge tools and functions.

Low-cost trading:

By not having to worry about substantial expenses for trading, the clients will be able to concentrate on creating effective strategies and with a greater investment volume. Less costs, more profits!

Fast market execution:

For every potential investment, the best market price is available instantly.

Secure and transparent:

Regulated by multiple control bodies to guarantee maximum legality and transparency, client funds held in accounts segregated from those of the company. Every trader will be able to learn about any parameter or condition simply by visiting the official website or contacting the support team.

Account for each trader:

The list of available accounts has been structured in such a way as to satisfy the needs of any trader. Beginners, professionals, and traders with a high volume of investments or a high propensity for risk will find the right alternative to be able to invest to the maximum of their abilities.

Popular and cutting-edge platforms:

FXTM allows its trusted customers to participate in the markets through the use of 2 of the most popular and efficient software in the world, MT4 and MT5.

Visit the official website by FXTM

FXTM account list

Each trader is distinguished by different factors. Risk appetite, investment volume, experience, intuition, are just some of the characteristics that make an investor unique. Being aware of how heterogeneous its clientele can be, FXTM has committed numerous resources to creating an account list structured to meet the needs of any trader. The customer will be able to choose the most compatible with their modus operandi and if they deem it appropriate, they will be able to test the environment offered without running any risk, by opening a demo version of the desired account.

Among the available accounts we find:

• Micro Account.
• Vantage Account.
• Vantage Plus Account.

Open a real account or demo with FXTM

Micro Account

The micro account has ideal characteristics for beginner traders who tend to limit themselves to investing small amounts and do not intend to take too many risks. In addition to beginners, professionals often opt for this type of account to test the environment offered, before moving on to more demanding investments. The account offers extremely advantageous conditions such as no commissions, spreads reduced to a minimum and a minimum deposit of just $10, to be able to invest in metals, indices, FX and raw materials.

It is important to point out that the features just listed are available on the broker’s international website and could change based on the trader’s country of residence. In the portal dedicated to European traders some of these conditions are different:

For more information, visit the official website and contact the always available support team

Open FXTM Micro account

Account Vantage

The Vantage account is undoubtedly the most popular and used given its features. The account is structured to be compatible with both beginners and professional traders and allows both categories to trade making the most of every investment opportunity. An ECN account, which uses a dense electronic communications network to provide direct access to markets and liquidity providers. Minimized spreads, low commissions and lightning-fast order execution.

The leverage available for this type of account is “floating”, which means that it varies as the amount invested varies. The greater the investment volume, the lower the applicable leverage. Clients residing in European countries will not have to take this feature into account as the maximum leverage available is fixed and is as follows:

Open FXTM Vantage account

Vantage Plus Account

An account usually chosen by traders with a high volume of investments, Vantage Plus offers trading conditions that are almost identical to the Vantage account but unlike the latter, it offers zero commission trading with increased spreads. Every trader will be able to develop complex strategies without having to worry about fixed expenses to bear and consequently you will be able to concentrate more on the chosen instrument to bet on.

As with previous accounts, the features of Vantage Plus may also change depending on the customer’s country of residence.

Open FXTM Vantage account Plus

Let’s compare accounts

By consulting the next comparative table, the interested trader will be able to easily understand which of the accounts available with the broker is best suited to their needs.

Open a real account with FXTM

How to open a real account

Opening an account with FXTM is quick and easy. Every trader will be able to sign up, choose the account suited to their style and start trading in a short time. It is important to point out that in order to successfully activate the account, the customer will have to carry out a process of verifying their personal details. Valid result, you can start investing. To register, simply follow the next very simple steps:

Step 1.

To get started, the interested trader will have to visit the official website and click on the “real account” button located at the top right of the page. On the new screen you will need to create a MyFXTM profile by filling out the registration form. The trader will have to provide information such as: name, surname, address, country of origin, telephone number, valid email, employment, level of education and create a secure password.

Step 2.

In this Step the new customer will have to choose the account best suited to their needs, provide information on their balance sheet, how much they wish to invest, etc.

Step 3.

In order to definitively activate their account, the customer will have to undergo a verification test to prove their real identity and country of origin. To proceed, you must send a clear, double-sided photo of a valid identification document (identity card, passport, driving license) and a recent bill for a service (for example electricity or gas). Once eligible, you will be able to activate the account and make a deposit promo to start investing.

Step 4.

The new customer will receive an email containing in detail everything regarding the account.

It is important to point out that the broker does not provide services for retail traders resident in Europe and only allows professional traders to open an account. For further information, the interested customer can send an email to the support team.

Open a real account with FXTM

FXTM Platforms

In addition to offering customers an account list created with the sole aim of satisfying the needs of any category of trader, the broker allows you to interact on the markets through the use of cutting-edge software. Among the most popular and used platforms in the world, which offer traders ease of use and technologically advanced tools: MT4 and MT5. Available on any device, both fixed and mobile, they will allow the customer to trade making full use of every opportunity.

MT4.

Without a doubt one of the most used software in the world for online trading. Preferred by traders given its extraordinary features, the platform allows the creation of accurate strategies and allows customers to structure detailed analyzes on the selected instruments. The software features a simple interface, suitable for any trader. Professionals in the sector and beginners will be able to access markets all over the world with extreme ease, using the latest generation tools and functions. A fundamental characteristic of the software is its total customization, which allows the customer to model each parameter and adapt the platform to their own style. The platform includes easy-to-understand interactive charts that allow you to monitor and analyze markets in real time. Furthermore, with free access to more than 30 technical indicators, the trader will be able to easily identify market trends and both entry and exit signals.

MT5

Latest platform created by MetaQuotes, MT5 is a multi-asset software that allows you to trade on a wide range of markets including foreign exchange, commodities, CFDs, indices, shares and futures. Although it was created primarily for professional traders, the platform allows traders of any level to trade with extreme ease, through an intuitive interface and from the simple use. The software includes all the features of the older MT4 but with substantial updates. Services such as fundamental technical analysis, copy trading and automated trading are fully integrated and customizable, to provide the trader with high-performance trading. The platform also offers 44 graphic objects, an integrated economic calendar and an email system.

Both platforms are available on any existing device. The customer can use: desktop version (Windows and Mac), mobile app (IOS and Android) or Web trader.

Below, a detailed comparative table with all the main features of both platforms offered. The trader will thus be able to understand which of the two is best suited to his trading needs.

Invest on MT4 platforms and MT5 FXTM

Posted by Maria Sanchez

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Maria is an expert of financial markets, bringing all the information from English to Spanish for a better understanding of the online traders. She is also a day trader with experience in developing trading strategies that generate profit while minimizing risk and working under high pressured environment. While being a portfolio manager by herself, she focuses on marketing and consultancy of financial and Insurance products.