FXTM Account Types Guide 2024: Which Trading Account to Choose?

Overview of FXTM Account Types

FXTM account types are tailored to meet the diverse needs of traders, from beginners to professionals. FXTM simplifies its offerings into two main account types, ensuring that traders can find an account that fits their style, risk tolerance, and trading strategy. These FXTM account types are designed with competitive spreads, varying commission structures, and access to high leverage, which makes FXTM a highly attractive broker for traders across different markets.

With both the FXTM Advantage and FXTM Advantage Plus accounts, FXTM offers flexible trading conditions and transparency in fees. The broker also provides access to advanced trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), allowing traders to access a range of assets including Forex, commodities, indices, and CFDs on stocks. Whether you are interested in low-spread, commission-based trading or commission-free trading with slightly higher spreads, FXTM account types have something to offer everyone.

FXTM Advantage Account: A commission-based account offering ultra-low spreads, particularly suitable for experienced traders who prioritize tighter trading costs.
FXTM Advantage Plus Account: A commission-free account, ideal for beginner traders who prefer simpler fee structures with slightly higher spreads.

The flexibility of FXTM account types ensures that traders can choose the one that best fits their trading goals and risk appetite. The transparency offered by FXTM in both accounts allows traders to have complete control over their trading costs and strategies.

Account Type	Minimum Deposit	Spreads	Commissions	Leverage
FXTM Advantage Account	$200	From 0.0 pips	$0.80 – $4.00 per lot	Up to 1:2000
FXTM Advantage Plus Account	$200	From 1.5 pips	None	Up to 1:2000

Both FXTM account types offer access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, providing flexibility and advanced trading tools for traders of all levels. With the variety of trading instruments available on these platforms—including Forex, commodities, indices, and CFDs on stocks—traders can diversify their portfolios and leverage FXTM’s advanced technology.

For traders seeking competitive costs and access to multiple financial markets, FXTM’s two main account types offer everything needed to succeed in trading. Let’s dive deeper into each account and explore their unique features.

FXTM Advantage Account

The FXTM Advantage Account is designed for traders who seek the lowest possible trading costs. By utilizing an ECN pricing model, this account provides raw spreads starting from 0.0 pips. The ECN model allows for direct market access, giving traders the tightest possible spreads and access to liquidity providers. However, the tight spreads come with a small commission ranging from $0.80 to $4.00 per lot, depending on the trading instrument.

This account is perfect for high-frequency traders, scalpers, and those who rely on algorithmic trading strategies. Since the FXTM Advantage Account offers ultra-low spreads, it is highly suitable for traders who need precision and competitive pricing to execute multiple trades within short periods.

Key Features of FXTM Advantage Account:

Spreads: As low as 0.0 pips, making it one of the most competitive accounts in the industry.
Commission: Between $0.80 and $4.00 per round lot, depending on the trading instrument.
Minimum Deposit: $200, ensuring accessibility for all traders.
Leverage: Up to 1:2000, allowing traders to maximize their trading opportunities.
Execution Model: ECN, providing fast and reliable order execution.

With the FXTM Advantage Account, traders can take advantage of direct market access, competitive trading costs, and fast order execution. This account is a great choice for professionals who value performance and cost-efficiency in their trading.

FXTM Advantage Plus Account

The FXTM Advantage Plus Account offers a more simplified trading experience with no commissions on trades. Instead, the account operates on slightly higher spreads, starting from 1.5 pips. This account is particularly attractive to beginners and traders who prefer a clearer, more straightforward cost structure without worrying about commissions on their trades.

Although the spreads are slightly higher than in the FXTM Advantage Account, the Advantage Plus Account provides traders with the peace of mind of knowing their trading costs upfront. This transparency is valuable, especially for those who are new to trading and want to focus on their strategies rather than calculating extra fees.

Key Features of FXTM Advantage Plus Account:

Spreads: From 1.5 pips, slightly higher but free of commissions.
Commission: None, offering a simpler trading structure.
Minimum Deposit: $200, making it accessible to most traders.
Leverage: Up to 1:2000, giving traders the flexibility to manage their risk and maximize returns.
Execution Model: Market maker, ensuring consistent execution of trades.

This FXTM account type is particularly well-suited for beginner traders or those who prefer to avoid commissions in their trading. By offering simplicity and transparency in fees, the Advantage Plus Account allows traders to focus on their strategies rather than worrying about additional costs.

How to Change Your FXTM Account Type

If you’ve opened an FXTM account but would like to switch to a different FXTM account type, the process is straightforward and can be done through the account dashboard. As your trading strategies evolve, FXTM offers the flexibility to switch between account types to match your trading needs.

Follow these simple steps to change your FXTM account type:

Log into your FXTM account: Use your login credentials to access the account dashboard.
Navigate to ‘Account Settings’: This section can be found in the main menu.
Select the New Account Type: Choose whether you want to switch to the Advantage or Advantage Plus account type depending on your trading goals.
Confirm the Change: Once you’ve selected the desired account, confirm the change, and your new FXTM account type will be activated immediately.

FXTM’s ability to switch between FXTM account types easily allows traders to adjust their trading conditions as needed. Whether you’re transitioning from a beginner account to a professional one or switching strategies, FXTM gives you the flexibility to do so.

FAQs

Frequently Asked Questions about FXTM account types Guide 2024: Which Trading Account to Choose?

What are the available FXTM account types in 2024?

In 2024, FXTM offers two primary FXTM account types: the Advantage Account and the Advantage Plus Account. The Advantage Account is commission-based with raw spreads starting from 0.0 pips, while the Advantage Plus Account offers commission-free trading with spreads starting from 1.5 pips.

What is the minimum deposit required to open an FXTM account?

The minimum deposit for both the Advantage and Advantage Plus accounts is $200. This allows traders to benefit from competitive trading conditions, including tight spreads and leverage up to 1:2000.

Which FXTM account is best for beginners?

For beginners, the Advantage Plus Account is recommended due to its commission-free structure and straightforward fee model. With spreads starting at 1.5 pips and no additional trading costs, it offers simplicity for traders just starting out.

Which FXTM account offers the lowest trading costs?

The Advantage Account provides the lowest trading costs with raw spreads starting from 0.0 pips. A small commission ranging from $0.80 to $4.00 per lot applies, making it ideal for high-frequency traders and those seeking low costs.

Can I switch between FXTM account types?

Yes, you can easily switch between FXTM account types. Simply log in to your FXTM dashboard, go to ‘Account Settings,’ and select the new account type you prefer. Confirm the change, and your new account will be activated immediately.