Overview of FXTM Account Types
FXTM (ForexTime) offers several trading accounts designed to meet the needs of beginners, active traders, and experienced professionals. The main FXTM account types include Micro, Rewards Plus, Rewards, Advantage, and Advantage Stocks. Each account has different trading conditions, including spreads, commissions, leverage, trading platforms, and minimum deposits. FXTM also offers a Demo account for practising trading strategies without risking real money. Account availability and trading conditions may vary depending on your country of residence and regulatory jurisdiction. Understanding these differences can help you choose an account that suits your trading experience, strategy, and budget.
FXTM Micro Account
The FXTM Micro account is designed for beginners and traders who want to start with smaller positions. It requires a minimum deposit of $30 or €30 and uses a cent-based balance, allowing traders to manage smaller amounts of capital. The account offers floating spreads starting from 1.7 pips, with no trading commissions, and is available on the MetaTrader 4 (MT4) platform. Leverage is available up to 1:1000, depending on the instrument and applicable regulations. The Micro account supports a limited selection of forex pairs, metals, commodities, indices, and cryptocurrencies. Although smaller position sizes can help limit financial exposure, leveraged trading still carries a significant risk of losses.
FXTM Rewards Plus Account
The FXTM Rewards Plus account is designed for active traders who prefer commission-free trading and access to additional loyalty benefits. It requires a minimum deposit of $100 and offers floating spreads starting from 1.5 pips. Traders can access leverage of up to 1:5000, subject to trading conditions and regional restrictions. The account supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), with access to forex, metals, indices, commodities, cryptocurrencies, and other available instruments. Rewards Plus also provides access to the FXTM Rewards programme, including the opportunity to earn up to three times the standard Reward Points on eligible trades. This account may appeal to traders who value commission-free pricing and additional trading rewards.
FXTM Rewards Account
The FXTM Rewards account offers commission-free trading with competitive floating spreads starting from 0.9 pips. It has a minimum deposit requirement of $200 and provides leverage of up to 1:5000, depending on the instrument and applicable regulations. The account supports both MT4 and MT5 and offers access to a wide range of trading markets, including forex, metals, indices, commodities, cryptocurrencies, and other supported instruments. Traders can also participate in the FXTM Rewards programme and earn up to twice the standard Reward Points on eligible trading activity. With its combination of tighter spreads and zero trading commissions, the Rewards account may suit traders looking for straightforward pricing and additional loyalty benefits.
FXTM Advantage Account
The FXTM Advantage account is designed for experienced and active traders who prioritise tight spreads and competitive trading costs. It requires a minimum deposit of $500 and offers floating spreads starting from 0.0 pips on forex instruments. Unlike commission-free accounts, the Advantage account charges trading commissions, with forex commissions starting at $3.50 per lot per side, equivalent to $7 for a round-turn trade. The account provides market execution and supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Leverage is available up to 1:3000, depending on the instrument and regulatory restrictions. Traders can access multiple asset classes, including forex, metals, indices, commodities, cryptocurrencies, and stock CFDs. The Advantage account may suit traders who prefer raw spreads and are comfortable evaluating commissions alongside other trading costs.
FXTM Advantage Stocks Account
The FXTM Advantage Stocks account is designed for traders who want to invest directly in US stocks rather than trade leveraged stock CFDs. It requires a minimum deposit of $200 and is available on the MetaTrader 5 (MT5) platform. The account offers commission-free stock trading, with spreads starting from 4 cents. Unlike FXTM's leveraged forex and CFD accounts, Advantage Stocks provides access to cash equities without leverage, with a leverage ratio of 1:1. This account may appeal to traders interested in buying and holding US shares while avoiding the additional risks associated with leveraged stock CFD trading. However, stock prices can still fluctuate, and investors remain exposed to market risk.
How to Change Your FXTM Account Type
FXTM does not allow traders to directly change the account type of an existing trading account. Instead, traders who want to move from a Micro account to an Advantage, Rewards, or another available account type must open an additional trading account through their FXTM profile. This allows traders to select a different account type, account currency, and leverage level where available. FXTM permits clients to maintain up to 10 live trading accounts under a single profile. Before opening another account, traders should review its minimum deposit requirements, spreads, commissions, supported platforms, and other trading conditions. Existing accounts can remain available, allowing traders to manage different strategies across multiple accounts.
How to Change Account Type on FXTM?
To use a different FXTM account type, log in to your FXTM client portal and navigate to "Profile," then "Accounts." Select "Set up additional Trading Account" and choose from the account types available to you. Next, select your preferred account currency and leverage, complete the account creation process, and set up your trading platform credentials if required. Ensure that you meet the minimum deposit requirement for the selected account before funding it. Your existing trading account will not automatically be converted or replaced. You can manage your trading accounts separately through your FXTM profile. If your preferred account type is unavailable or you need help transferring funds between accounts, contact FXTM customer support for assistance.
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.
Stephen Bennet
Stephen Bennet is a Forex reviewer and financial analyst with more than 25 years of experience in the financial markets. He specializes in reviewing brokers, evaluating trading platforms, and explaining the Forex market in a clear and practical way. Through independent, trader-focused analysis, Stephen helps readers compare providers, understand key risks, and choose platforms with greater confidence.