FXTM Accounts Comparison and Guidelines for Trading Account Opening

Trading account comparison
Account typeStandard AccountCent AccountStock CFDs AccountStocks AccountECN AccountECN Zero AccountFXTM Pro Account
Trading PlatformsMT4 / MT5MetaTrader 4MetaTrader 4MT5MT4 / MT5MT4 / MT5MT4 / MT5
Account CurrencyUSD / EUR / GBP / NGN 1US Cent / EU Cent / GBP Pence / NGN kobo1USD / EUR / GBP / NGN 1USD / EUR / GBP / NGNUSD / EUR / GBP / NGN 1USD / EUR / GBP / NGN 1USD / EUR / GBP / NGN 1
Leverage / Margin requirementsFloating from 1:2000 12Fixed15from 1:1000 - 1:25 (FX), 1:500 -1:25 (Spot Metals)12Fixed leverage 1:10 for US Shares and 1:3 for European Shares1:1Floating from 1:2000 10Floating from 1:2000 11Floating from 1:200- 1:2510
Maximum depositXXXXXXX
Minimum deposit$/€/£ 100, ₦40,0001$/€/£ 10 / ₦2 0001$/€/£ 100, ₦40,0001$/€/£ 100, ₦200,000$/€/£ 500, ₦80,0001$/€/£ 200, ₦80 0001$/€/£ 25 000, ₦5 000 000 5
CommissionZero$2 per lot9
Order executionInstant ExecutionInstant ExecutionInstant ExecutionMarket ExecutionMarket Execution6Market Execution6Market Execution6
SpreadFrom 1.3 3From 1.53From 0.13TightFrom 0.13From 1.53From 0 3,5
Margin Call40%60%40%100%80%80%80%
Stop Out20%40%20%0%50%250%250%2
Swap-FreeMT4: MT5:MT4: MT5:MT4: MT5:MT4: MT5:
Limit & Stop Levels1 spread1 spread1 spread
PricingMT4:5 decimals for FX (3 on JPY pairs), Spot Metals: 2 decimals for XAUUSD and 3 decimals for XAGUSDMT5: 5 decimals for FX (3 on JPY pairs), Spot Metals: 2 decimals for XAUUSD and 3 decimals for XAGUSDZero commission & tight spreads2 decimals2 decimalsMT4: 5 decimals for FX (3 on JPY pairs), Spot Metals: 2 decimals for XAUUSD and 3 decimals for XAGUSDMT5: 5 decimals for FX (3 on JPY pairs), Spot Metals: 2 decimals for XAUUSD and 3 decimals for XAGUSDMT4: 5 decimals for FX (3 on JPY pairs), Spot Metals: 2 decimals for XAUUSD and 3 decimals for XAGUSDMT5: 5 decimals for FX (3 on JPY pairs), Spot Metals: 2 decimals for XAUUSD and 3 decimals for XAGUSDMT4: 5 decimals for FX (3 on JPY pairs), Spot Metals: 2 decimals for XAUUSD and 3 decimals for XAGUSDMT5: 5 decimals for FX (3 on JPY pairs), Spot Metals: 2 decimals for XAUUSD and 3 decimals for XAGUSD
Trading InstrumentsMT4: Majors, Minors, Exotics4 - 59, Spot Metals – 5, Spot CFDs -14 13,MT5: Majors, Minors, Exotics4 – 33, Spot Metals - 2FXMetalsCommoditiesFX IndicesStock Baskets120+ US Shares40+ European SharesUS stocksMT4: Majors, Minors, Exotics4 — 48Spot Metals — 3Spot CFDs — 257,8, 13MT4: Majors, Minors, Exotics4 — 48Spot Metals — 3Spot CFDs — 147,8,9MT5: Majors, Minors, Exotics5 — 33Spot Metals — 2MT4: Majors, Minors, Exotics4— 43Spot Metals — 2Spot CFDs - 9
Contract specification
Minimum Volume in Lots per Trade0.010.010.010.010.010.010.01
Step Lot0.010.010.010.010.010.010.01
Maximum Volume in Lots per Trade30112102,00010081008250
Maximum Number of Orders100300100UnlimitedUnlimitedUnlimitedUnlimited
Maximum Volume in Lots of Orders200101220UnlimitedUnlimitedUnlimitedUnlimited
Maximum Number of Pending Orders10010010050300300300

Insights on all FXTM Accounts

Account Types

Standard Account

Details

  • Minimum Deposit: $100
  • Trading Platform: MT4/MT5
  • Commission Fee: No commission fee
  • Margin call: 40%
  • Stop out: 20%
  • Spread: Floating Spread

Advantages

  • Offers Swap Free only in MT4 
  • Fast server 
  • Very quick in closing and opening orders

Disadvantages 

  • Relatively high Spread Fee
  • Lags occasionally occur in MT4

Cent Account

Details

  • Minimum Deposit: $10
  • Trading Platform: MT4
  • Commission Fee: No commission fee
  • Margin call: 60%
  • Stop out: 40%
  • Spread: Floating Spread
  • Maximum Trade: Up to 1 Lot (per trade)

Advantages 

  • Offers Swap Free only in MT4 
  • Fast server 
  • Very quick in closing and opening orders

Disadvantages 

  • Very high Spread Fee (Even wider than the Standard Account)
  • Stop out is also higher than that of the Standard Account

For beginners, Standard Account  is recommended.

Stock CFDs Account

Details

  • Minimum Deposit: $100
  • Trading Platform: MT4
  • Commission Fee: No commission fee
  • Margin call: 40%
  • Stop out: 20%
  • For trading US and European stocks (CFDs Type)

Advantage 

  • Stock trading is available 

Disadvantage 

  • Exclusive for stock trading, Forex trading is not available

Other brokers include both Forex and stock trading, creating no hassle for traders.

Stock Account

Details

  • Minimum Deposit: $100
  • Trading Platform: MT5
  • Commission Fee: No commission fee
  • Margin call: 100%
  • Stop out: 0%
  • For trading US stocks 

Advantage 

  • Real US stock trading account

Suitable for traders who wish to trade US stocks. 

ECN Zero Account

Details

  • Minimum Deposit: $200
  • Trading Platform: MT4/MT5
  • Commission Fee: No commission fee
  • Margin call: 80%
  • Stop out: 50%
  • Spread: Floating Spread

Advantages 

  • Offers Swap Free only in MT4 
  • Fast server
  • Very quick in closing and opening orders
  • Offers FXTM Invest (Copy Trading), available only in MT4

Disadvantages 

  • Relatively high Stop out
  • Higher average spread fee than that of the Standard Account

ECN Account

Details

  • Minimum Deposit: $500
  • Trading Platform: MT4/MT5
  • Commission Fee: $4.00/lot (round swap)
  • Margin call: 80%
  • Stop out: 50%
  • Spread: Floating Spread

Advantages 

  • Offers Swap Free only in MT4 
  • Fast server
  • Very quick in closing and opening orders
  • Offers FXTM Invest (Copy Trading), available only in MT4
  • Lower Spread + Commission Fees than that of the Standard and ECN Zero Accounts

Disadvantage 

  • Relatively high Stop out

Recommended Account

FXTM Pro Account

Details

  • Minimum Deposit: $25,000
  • Trading Platform: MT4/MT5
  • Commission Fee: No commission fee
  • Margin call: 80%
  • Stop out: 50%
  • Spread: Floating Spread

Advantages 

  • Offers Swap Free only in MT4 
  • Fast server
  • Very quick in closing and opening orders
  • Very low spread (Starting from 0 pip)

Disadvantage

  • Relatively high Stop out

Suitable for traders with high capital

FXTM Summary

We recommend the ECN account because the spread is relatively good, has smooth trading and overall, it is the best among the 7 accounts.

(FXTM’s large number of account types generate confusion for beginners to start opening an account. In particular, real CFDs stock accounts can be integrated with a Standard Account, just like what many brokers offer.)

Reference

Writer : Yoda Yoshida

  • Position : Editor
  • Biography : Former waiter to professional traders
  • Experience : 20 years in the Forex industry
  • Goal : To select the best broker for traders.
  • Short greetings : Some things take time to grow.
  • Full biography of the writer, Click >

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