Explore FXTM's account types—Micro, Advantage, and Advantage Plus—offering flexibility for both beginners and pros with varying spreads, leverage, and deposit requirements.
Overview of FXTM Account Types
FXTM (ForexTime) offers a variety of trading accounts tailored to different types of traders. Whether you're a beginner or an experienced professional, FXTM’s diverse account options provide flexibility and access to various trading markets. The FXTM account types include Micro, Advantage, and Advantage Plus accounts. Each account offers unique features, such as varying spreads, leverage, and minimum deposits. To choose the best one for you, it’s essential to consider your trading style and needs. Let’s dive into the details of each account to help you make the right choice.
FXTM Micro Account
The FXTM Micro account is ideal for beginners looking to start with a low-risk option. It has a minimum deposit requirement of only $10 and allows trading with micro-lots. This account provides fixed spreads and uses the MT4 platform, offering a simplified trading experience. It’s a great way to get familiar with the FXTM trading environment before upgrading to more advanced accounts. Additionally, this account provides leverage of up to 1:1000, allowing traders to control larger positions with a small capital.
FXTM Advantage Account
The FXTM Advantage account is designed for more advanced traders seeking tighter spreads and faster execution. With a minimum deposit of $500, it offers variable spreads starting from 0.0 pips, making it highly competitive in the market. This account is ideal for traders who want to minimize trading costs and benefit from market volatility. Leverage is flexible, depending on your trading instruments. Moreover, the Advantage account provides access to ECN execution, ensuring transparency and optimal pricing.
FXTM Advantage Plus Account
The FXTM Advantage Plus account shares many features with the Advantage account, including flexible leverage and low trading costs. However, this account type also offers commission-free trading, which can be appealing to traders who prefer not to pay additional fees. The minimum deposit for the Advantage Plus account is also $500, and it supports variable spreads. This account is perfect for traders who want more control over their trades without worrying about additional commissions. It provides the same excellent execution speed and market access as the Advantage account.
How to Change Your FXTM Account Type
Changing your FXTM account type is a simple process that can be done through the FXTM client portal. Whether you’re looking to upgrade from a Micro account to an Advantage or switch to a commission-free trading experience, FXTM makes it easy to adapt to your evolving trading needs. Simply log in to your account, navigate to the “Account Settings” section, and follow the prompts to change your account type. Ensure you meet the requirements for the new account, such as minimum deposit levels.
How to Change Account Type on FXTM?
To change your FXTM account type, log in to your account, go to “My Accounts,” and select “Change Account Type.” Follow the instructions to choose your new account, such as from Micro to Advantage or Advantage Plus. Ensure you have enough funds to meet the deposit requirements. Once your request is processed, you can start trading with your new account type, benefitting from the updated features and trading conditions. If you encounter any issues, FXTM’s customer support is available to assist you.
FAQs
What are the different types of FXTM accounts?
FXTM offers three main account types: Micro, Advantage, and Advantage Plus. The Micro account is designed for beginners, while the Advantage and Advantage Plus accounts cater to more experienced traders with advanced features such as lower spreads and higher leverage options.
How to change your FXTM account type?
You can easily change your FXTM account type by logging into your FXTM account and navigating to the “Account Settings” or “My Accounts” section. From there, select the “Change Account Type” option, and follow the on-screen instructions.
How much is the minimum deposit for FXTM accounts?
The minimum deposit for the FXTM Micro account is $10, while both the Advantage and Advantage Plus accounts require a minimum deposit of $500.
Which FXTM account is best for beginners?
The FXTM Micro account is best suited for beginners due to its low minimum deposit, fixed spreads, and micro-lot trading, allowing new traders to get comfortable with forex markets without significant financial risk.
Can I have multiple FXTM account types?
Yes, you can have multiple FXTM account types under the same profile. This flexibility allows you to explore different trading strategies and markets by switching between various accounts based on your needs.
Published by:
Jaxon Maddox