FXTM ForexTime Broker Review

As we already mentioned in the intro to the FXTM review, the broker offers several trading accounts to better tailor their offering to various customers. If you are a beginner in trading, it is most likely you will want to try the demo account.

FXTM Demo Account

FXTM Demo account is the type of account that enables traders to use the platform with virtual money in order to test trading platform without fear of loss. It takes literally less than 2 minutes to open the FXTM demo account. Just put in your data in the form, make sure to enter it correctly since you will be receiving a PIN via email or phone that helps complete the registration. After that the FXTM system will simply log you in into the My Accounts control panel where you can immediately enter the webtrader or continue downloading MT4 or MT5 desktop client. The login data will be sent to your email.

In order to get live FXTM accounts, traders need to complete the form in the MyAccount. They must also choose between one of these, so please first read about the differences in FXTM accounts below before you continue with the selection.

FXTM Standard Account

• Minimum deposit of $100
• Spread from 1.3 pips
• Variable leverage from 1:500-1:25
• Margin call at 40%
• Access to most currency pairs, 5 spot metals and 14 spot CFDs
• Max number of orders – 30

FXTM Cent Account

• Great for those who are wary of depositing too much money
• Beginners will love this account
• Great to test Expert Advisors
• Variable leverage from 1:500-1:25
• Minimum deposit of $5
• Account and platform balances shown in cents (i.e. 100c instead of 1USD)
• Spread from 1.5 pips
• Margin call at 60%
• Assets: minors and majors (popular currency pairs) and 2 spot metals
• Max number of orders – 300

FXTM Shares Account

• Only used to trade stocks
• Minimum deposit $100
• Spread from 0.1 pips
• Margin call at 40%
• Margin starts from 3%, max 10%
• Maximum number of orders – 100

If you are a well experienced trader, FXTM also offers PAMM accounts, enabling you to become a strategy provider for others. Submission of trading history will be required to get approval from FXTM. Strategy fee is 20%.

If you prefer that your trades are transacted through ECN, you can also opt in for one of the FXTM ECN accounts.

FXTM ECN Zero Account

• The account can be used with FXCM Invest
• Traders can become strategy managers to manage other people’s portfolios
• Minimum deposit $100
• 1:500 – 1:25
• Margin call at 80%
• Super tights spread from 0.5
• Access to most currency pairs, 5 spot metals and 14 spot CFDs
• Unlimited number of orders

FXTM ECN Account

• Minimum deposit $500
• Commission: $2 per lot
• Market execution
• Spread from 0.1
• 45 currency pairs, 3 spot metals, 14 spot CFDs
• unilimited orders

FXTM MT5 ECN Account

• benefit from advanced features of MT5 platform
• Commission: $2 per lot
• Market execution
• Spread from 0.2
• 34 currency pairs, 2 spot metals CFDs
• unlimited orders

FXTM Pro Account

• floating leverage from 1:200 – 1:25
• minimum deposit $25000
• spread starts at 0
• margin call at 80%
• Volume of up to 250 per trade

With ECN accounts, the commissions are per opening and closing the position. Don’t forget the spreads are extremely low with this kind of account.