FXTM Profit Calculator – Review of Account Types, Fees, and Spreads

What Account Types Does FXTM Offer?

FXTM provides a variety of account types to suit traders with different experience levels and trading preferences. These include:

• Standard Accounts: Suitable for beginner traders, offering tight spreads and competitive leverage.
• ECN Accounts: Ideal for advanced traders who prefer to trade with lower spreads and commission-based charges.
• Islamic Accounts: Available for traders who need accounts that comply with Islamic finance principles.
• Demo Accounts: These accounts offer a risk-free environment for new traders to practice their strategies without risking real money.

FXTM also offers leverage options depending on the account type, market conditions, and jurisdiction.

What Are the Differences Between FXTM Accounts?

FXTM offers several accounts, each designed for a specific group of traders. Here's a breakdown of the most popular account types:

Notes:

• Standard Account: Designed for beginners with simple terms and conditions.
• ECN Account: Offers ultra-low spreads but charges a commission on trades.
• Islamic Account: Free from swap rates, as required by Islamic principles.
• Demo Account: A non-risk option to test trading strategies.

What Is the Minimum Spread of FXTM?

FXTM offers competitive spreads depending on the account type and market conditions. The spreads can be as low as:

• Standard Account: Starting from 1.3 pips.
• ECN Account: Starting from 0.1 pips with a commission fee applied.
• Islamic Account: Starting from 1.3 pips, without additional swap fees.

For traders seeking lower spreads, the ECN Account is the best option, though it incurs a commission. On the other hand, Standard Accounts have higher spreads but no commission, making them suitable for traders who prefer simplicity and lower costs.

FAQs about FXTM Account Types and Fees

Q1: What is the minimum deposit for an FXTM account?

A1: The minimum deposit for a Standard or Islamic account is $100, while the minimum deposit for an ECN account is $200. Demo accounts can be opened for free.

Q2: How do FXTM's commission fees work?

A2: FXTM's Standard accounts have no commission fees but charge wider spreads, starting at 1.3 pips. For ECN accounts, commission is applied, and the spreads are much tighter, starting from 0.1 pips.

Q3: Can I trade with high leverage on FXTM?

A3: Yes, FXTM offers leverage up to 1:1000 on most accounts, though leverage can vary based on your account type and jurisdiction.

Risk Disclosure

FXTM operates under a limited regulatory framework, and it is identified as a “Counterfeit Dealer.” Traders should exercise caution when considering FXTM, as it is not fully regulated in all jurisdictions. The main website is https://www.fxtmpk.com/, and we strongly advise all traders to understand the potential risks involved with trading under this type of regulation. Always conduct thorough research and evaluate the risks before proceeding with any trades.