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Which FXTM trading account is right for you?

/ BEGINNERS

Choosing the right type of online trading account is an important step in creating your ideal trading environment.

Whether you're new to trading, have limited experience, or are a seasoned or professional trader, FXTM aims to offer trading accounts that suit your unique trading style, strategy, and needs.

This blog outlines the various FXTM trading accounts available, highlighting their features, benefits, and differences, to help you decide which is best for your trading goals.

Our accounts at a glance

FXTM offers three trading accounts:

We also offer a Practice Demo Account for beginners to test the trading waters with no personal financial risk.

Let’s look at what each of these accounts offers.

FXTM Advantage account

The Advantage account is our most popular account with new traders and clients.

Spreads from zero

Take advantage of spreads from zero on major forex pairs and as low as 0.0 on Gold/US dollar (XAUUSD). Where spreads apply, we do our best to offer you some of the tightest spreads in the business.

Low commission

Low, set commission rates allow for predictable costs that can be easily factored into potential trading plans.

User-centric trading platforms

Access to both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms gives beginners access to a comprehensive set of tools and resources to help them learn and grow as traders.

Key features of the Advantage trading account:

Platforms: MetaTrader 4 (MT4) and MetaTrader (MT5)
Minimum deposit: $/€/£200
Leverage: Up to 1:3000
Spreads: Starting from 0.0 pips
Trading instruments: Forex, Spot Metals, Indices CFDs, Commodities CFDs, Cryptocurrency CFDs, and Stock CFDs (only on MT5)
Commissions:
- Forex: $3.5 per lot traded
- Spot Metals: $25 per million notional
- Indices CFDs and Commodities CFDs: $35 per million notional
- Cryptocurrency CFDs: 0.05% of the notional value, Stock CFDs: $0.02 per side / lot traded (1 share = 1 lot), with a minimum commission of $0.01

FXTM Advantage Plus account

The Advantage Plus trading account is a great choice for traders with intermediate experience and those who are seasoned or professional traders.

No commission

The Advantage Plus is a zero-commission account, often preferred by more experienced traders.

Broad instrument selection

Available on both the MT4 and MT5 trading platform, the Advantage Plus account provides access to a broad selection of trading instruments.

Key features of the Advantage Plus trading account:

Platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
Minimum deposit: $/€/£200
Leverage: Up to 1:3000
Spreads: Starting from 1.5 pips
Trading instruments: Forex, Spot Metals, Indices CFDs, Commodities CFDs, Cryptocurrency CFDs, and Stock CFDs (only on MT5)
Commissions: No commission

Advantage Stocks trading account

The Advantage Stocks account is a specialised trading account, designed for stock trading only.

No commission and tight spreads

Trade shares of the some of the biggest US companies for zero commission, and with spreads from as little as $0.06.

600+ stocks

Choose from a list of more than 600 US Stocks to trade.

Key features of the Advantage Stocks trading account:

Platforms: MetaTrader 5 (MT5)
Minimum deposit: $200
Leverage: 1:1
Spreads: Starting from 6 cents
Trading instruments: Stocks only
Commissions: No commission

Demo Account

The Demo Account is designed for those new to trading who want to learn to trade without any personal financial risk.

A Demo Account allows traders to practice trading in a simulated trading environment of the real markets, with virtual funds. Traders can familiarise themselves with the trading platform and learn to execute trades efficiently, without the risk of financial loss.

Comparison table of FXTM trading accounts

Here's a quick comparison of the key features of the three FXTM trading accounts:

Compare our trading account types

ADVANTAGE STOCKS

$3.5 per lot traded on FX
$25 per million notional on Spot Metals
$35 per million notional on Index CFDs and Commodity CFDs
0.05% of the notional value for Cryptocurrency CFDs
$0.02 per side / lot traded on Stock CFDs - minimum commission $0.01

COMMISSIONS

Zero

TRADING INSTRUMENTS

Stocks

TRADING INSTRUMENTS

Spot Metals

Index CFDs

Commodity CFDs³

Cryptocurrency CFDs

Stocks CFDs (only MT5)³

TRADING INSTRUMENTS

Spot Metals

Index CFDs³

Commodity CFDs

Cryptocurrency CFDs

Stock CFDs (only MT5)

Unlimited

MAXIMUM VOLUME OF PENDING ORDERS

300

MAXIMUM VOLUME OF PENDING ORDERS

300

Get started

Advantage Stocks Advantage Advantage Plus

MINIMUM DEPOSIT	$ 200
Spreads	From 6 cents
Commissions	Zero
Trading instruments	Stocks

ORDER EXECUTION	Market Execution
CURRENCY	USD
LEVERAGE / MARGIN REQUIREMENTS	1:1
Margin call	n/a
STOP OUT	No
SWAP FREE	n/a
LIMIT and stop levels	Yes
DECIMAL QUOTES ON FX AND METALS	n/a
MINIMUM VOLUME IN LOTS PER TRADE	0.01
MINIMUM NUMBER OF ORDERS	Unlimited
MAXIMUM VOLUME IN LOTS OF ORDERS	Unlimited
MAXIMUM VOLUME OF PENDING ORDERS	Unlimited

Get started

MINIMUM DEPOSIT	$/€/£ 200
Spreads	From 0.0
Commissions	$3.5 per lot traded on FX $25 per million notional on Spot Metals $35 per million notional on Index CFDs and Commodity CFDs 0.05% of the notional value for Cryptocurrency CFDs $0.02 per side / lot traded on Stock CFDs - minimum commission $0.01
Trading instruments	FX FX Spot Metals Index CFDs Commodity CFDs Cryptocurrency CFDs Stocks CFDs (only MT5)

ORDER EXECUTION	Market Execution
CURRENCY	USD / EUR / GBP
LEVERAGE / MARGIN REQUIREMENTS	Up to 1:3000* (floating)
Margin call	80%
STOP OUT	50%
SWAP FREE	YES
LIMIT and stop levels	Yes
DECIMAL QUOTES ON FX AND METALS	FX: 5 decimals (3 on JPY pairs), Metals: 2 decimals for XAUUSD, 3 decimals for XAGUSD
MINIMUM VOLUME IN LOTS PER TRADE	0.01
MINIMUM NUMBER OF ORDERS	Unlimited
MAXIMUM VOLUME IN LOTS OF ORDERS	Unlimited
MAXIMUM VOLUME OF PENDING ORDERS	300

Get started

MINIMUM DEPOSIT	$/€/£ 200
Spreads	From 1.5
Commissions	Zero
Trading instruments	FX Spot Metals Index CFDs Commodity CFDs Cryptocurrency CFDs Stocks CFDs (only MT5)

ORDER EXECUTION	Market Execution
CURRENCY	USD / EUR/ GBP
LEVERAGE / MARGIN REQUIREMENTS	Up to 1:3000* (floating)
Margin call	80%
STOP OUT	50%
SWAP FREE	YES
LIMIT and stop levels	Yes
DECIMAL QUOTES ON FX AND METALS	FX: 5 decimals (3 on JPY pairs), Metals: 2 decimals for XAUUSD, 3 decimals for XAGUSD
MINIMUM VOLUME IN LOTS PER TRADE	0.01
MINIMUM NUMBER OF ORDERS	Unlimited
MAXIMUM VOLUME IN LOTS OF ORDERS	100
MAXIMUM VOLUME OF PENDING ORDERS	300

Get started

Additional information >

^{*The maximum possible leverage for residents of Kenya is 1:400, regardless of instrument or account type.}

^{1 - NGN accounts are only available to clients in Nigeria.}

^{2 - Spreads are floating, and they may increase during specific periods of the day depending on the market conditions.}

^{3 - FXTM applies dividend adjustments on Stocks and Indices when positions remain open at the close of the trading session, on the business day before the ex-dividend date. However, kindly note that the dividend adjustment takes place before the market opening of the ex-dividend date. If a client is holding buy positions his/her account will be credited with the fixed dividend amount. If a client is holding sell positions, then the dividend amount will be debited from his/her account.}

^{4 - Commission on Advantage MT4 is taken only when a position is opened, at double the levels listed in the table above (accounting for both the opening and the closing of the position). For further details of the Commission charges for Advantage MT4 account, please refer to the Commissions page.}

^{5 - Please note that margin requirements may vary between symbols and servers. For further information please refer to the Leverage and margin requirements page.}

^{6 - Please note that during the daily rollover starting from 23:59:59 (MT server time) and for a few seconds, our servers stop accepting any requests due to data processing in regard to the preparation of daily and monthly statements.}

^{7 - Please bear in mind that we reserve the right to change, within the hour before the close of the trading session on every Friday, the Stop Out and Margin Call levels from 50% to 100% and from 80% to 130% respectively, for all Advantage MT4/MT5 accounts. We may extend these amendments for as long as we deem necessary after the market opening, by providing you with prior written notice.}

^{8 - Exotic pairs are not available for swap-free accounts.}

^{9 - For Indices and Commodities on the Advantage MT4/MT5 and Advantage Plus MT4/MT5 accounts, the Maximum Volume per trade is 5 lots.}

^{10 - For Indices and Commodities on the Advantage MT4/MT5 and Advantage Plus MT4/MT5 accounts, the Maximum Volume of all orders is 100 lots.}

^{11 - CFD Cryptocurrency trading on MT5 accounts has a four-hour break from 10:00 to 14:00 (EET) on Saturdays and from 22:00 to 22:10 (EET) on Sundays. CFD Crypto trading on MT4 accounts has also trading breaks during the following time intervals: 10:00-16:00 (EET) on Saturdays and 03:00-04:00, 22:00-22:10 (EET) on Sundays.}

Differences between Advantage, Advantage Plus, and Advantage Stocks accounts on FXTM

Understanding the key differences between the available account types helps you to align your trading strategy and goals to right account.

Each account type caters to different levels of trading experience.

Markets

Advantage: Includes Forex, Spot Metals, Indices CFDs, Commodities CFDs, Cryptocurrency CFDs, and Stock CFDs
Advantage Plus: Includes Forex, Spot Metals, Indices CFDs, Commodities CFDs, Cryptocurrency CFDs, and Stock CFDs
Advantage Stocks: Stocks only

Trading Platforms

Advantage: Available on both MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
Advantage Plus: Available on both MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
Advantage Stocks: MetaTrader 5 (MT5) required

Leverage

Advantage: Up to 1:3000
Advantage Plus: Up to 1:3000
Advantage Stocks: 1:1, no leverage offered

Please be aware that customers from Kenya are limited to a maximum leverage of 1:400, irrespective of instrument traded.

Spreads

Advantage: Typically, zero on major forex pairs EURUSD and EURGBP, and from as low as 0.0 for Gold/US dollar (XAUUSD)
Advantage Plus: From 1.5 pips
Advantage Stocks: From $0.06

Commissions

Advantage: Forex: $3.5 per lot traded, Spot Metals: $25 per million notional, Indices CFDs and Commodities CFDs: $35 per million notional, Cryptocurrency CFDs: 0.05% of the notional value, Stock CFDs: $0.02 per side / lot traded (1 share = 1 lot), with a minimum commission of $0.01.
Advantage Plus: Zero commissions
Advantage Stocks: No commissions

Minimum initial deposit

Advantage: $/€/£200
Advantage Plus: $/€/£200
Advantage Stocks: $200

Choosing the right account

Your choice of trading account should align with your trading experience, goals and strategy. Here’s a quick guide to help you decide:

If you're a beginner or have limited trading experience, the Advantage account offers the tightest spreads and low commissions.
If you're an intermediate, experienced or professional trader who prefers not to pay commissions and still enjoy competitive spreads, the Advantage Plus account provides a balanced option.
If you're only looking to trade Stocks, then Advantage Stocks is the account for you!

The bottom line

FXTM’s Advantage and Advantage Plus accounts are almost identical in so far as they offer access to the same instruments with the same contract specifications. The crucial difference between the two comes down to the spreads and commission rates offered.

In our experience, newer traders are better off with a commission-based account and tighter spreads such as the Advantage account, while more experienced traders prefer to pay no commission and have slightly wider spreads, as offered with the Advantage Plus account.

Finally, Stock CFDs are available through both the Advantage and Advantage Plus accounts when running MetaTrader 5 as a trading platform, but if you want to trade Stocks for cash, then you’ll need access to the Advantage Stocks account.

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Articles

Which FXTM trading account is right for you?

Our accounts at a glance

FXTM Advantage account

Spreads from zero

Low commission

User-centric trading platforms

Key features of the Advantage trading account:

FXTM Advantage Plus account

No commission

Broad instrument selection

Key features of the Advantage Plus trading account:

Advantage Stocks trading account

No commission and tight spreads

600+ stocks

Key features of the Advantage Stocks trading account:

Demo Account

Comparison table of FXTM trading accounts

Compare our trading account types

MINIMUM DEPOSIT

MINIMUM DEPOSIT

MINIMUM DEPOSIT

SPREADS2

SPREADS

SPREADS

COMMISSIONS

COMMISSIONS

COMMISSIONS

TRADING INSTRUMENTS

TRADING INSTRUMENTS

TRADING INSTRUMENTS

ORDER EXECUTION

ORDER EXECUTION

ORDER EXECUTION

CURRENCY

CURRENCY

CURRENCY

LEVERAGE/MARGIN REQUIREMENTS5

LEVERAGE/MARGIN REQUIREMENTS5

LEVERAGE/MARGIN REQUIREMENTS5

MARGIN CALL

MARGIN CALL

MARGIN CALL

STOP OUT

STOP OUT

STOP OUT

SWAP FREE10

SWAP FREE10

SWAP FREE10

LIMIT & STOP LEVELS

LIMIT & STOP LEVELS

LIMIT & STOP LEVELS

DECIMAL QUOTES ON FX AND METALS

DECIMAL QUOTES ON FX AND METALS

DECIMAL QUOTES ON FX AND METALS

MINIMUM VOLUME IN LOTS PER TRADE

MINIMUM VOLUME IN LOTS PER TRADE

MINIMUM VOLUME IN LOTS PER TRADE

MAXIMUM NUMBER OF ORDERS

MAXIMUM NUMBER OF ORDERS

MAXIMUM NUMBER OF ORDERS

MAXIMUM VOLUME PER ORDER

MAXIMUM VOLUME PER ORDER

MAXIMUM VOLUME PER ORDER

MAXIMUM VOLUME IN LOTS OF ORDERS

MAXIMUM VOLUME IN LOTS OF ORDERS

MAXIMUM VOLUME IN LOTS OF ORDERS

MAXIMUM VOLUME OF PENDING ORDERS

MAXIMUM VOLUME OF PENDING ORDERS

MAXIMUM VOLUME OF PENDING ORDERS

MINIMUM DEPOSIT

Spreads

Commissions

Trading instruments

ORDER EXECUTION

CURRENCY

LEVERAGE / MARGIN REQUIREMENTS

Margin call

STOP OUT

SWAP FREE

SPREADS²

LEVERAGE/MARGIN REQUIREMENTS⁵

LEVERAGE/MARGIN REQUIREMENTS⁵

LEVERAGE/MARGIN REQUIREMENTS⁵

SWAP FREE¹⁰

SWAP FREE¹⁰

SWAP FREE¹⁰