Which FXTM trading account is right for you?

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:

• Advantage

• Advantage Plus

• Advantage Stocks

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:

 

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.