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FXTM Account types 2020

 

About FXTM Singapore

FXTM operates within its core jurisdictions in Cyprus, the UK and Belize. However, it also has local offices in many countries such as Poland, Germany, Kenya, Nigeria, Tanzania etc. These offices have been established in conjunction with local partners in these countries.

FXTM provides ample opportunities for depositing funds into a trading account. Deposits can be made by credit cards, Skrill, Neteller, bank transfers, FasaPay, local bank transfers and international bank transfers. Other country-specific methods are also available.

ForexTime broker account types1

 

CySEC, FCA and IFSC regulate FXTM. All these regulators offer an investor protection fund that allows its users to receive compensation in case of financial problems in the trader's account related to the broker's activity.

Demo account Forextime Singapore

To open a demo account, you need to register your personal cabinet. After entering the contact information and confirmation of the e-mail address, the user gets to the Personal Area with extended functionality. In the personal profile in the section "My accounts" - "Open an account" you need to select the menu "Demo account". This way, the user will be able to test what Forextime is and what trading conditions are offered to clients in reality.

Initial parameters of a demo account:

  • Leverage - 1:1000;

  • Currency - USD/EUR/GBP;

  • Virtual deposit - 1,000,000 (value can be changed).

The conditions state that when trading on virtual money quotes are also supplied by reputable financial centres, and spreads and commission are charged at the level of real accounts. It is possible to trade on DEMO without time restrictions.

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Trading Accounts

In ForexTime, each account type has its own personality and meets specific goals. Each of them is best suited to a particular type of trader, and they all open the way to the world of currency trading in their own way. Our account types are suitable for both experienced traders and beginners, for small and large investments. You will find among the account types that we offer the one that suits your goals and aspirations.

There are two main account types in FXTM: Standard and ECN. These are the account structure at FXTM in all jurisdictions. However, countries in which FXTM has a local affiliate may have some minor differences. What is described here can be obtained from Forextime.

Standard account

Within the "Standard" account we have "Standard", "Cent" and "Shares" accounts. The Standard on ForexTime account is a basic account that offers traders a wide range of opportunities and benefits that are beneficial to both trading professionals and beginners. This type of account allows users to trade standard lots and is the most elongated forex account type.

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Traditionally, standard forex accounts bind traders to some limitations such as the requirement for large amounts of capital and high commissions, but this is no longer the case in today's forex trading industry, and especially not with ForexTime (FXTM). We have reformed our FXTM Standard account with benefits that add tremendous value to the trading experience.

 

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