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FXTM accounts: which entity holds your money
The account you open decides which legal entity and which regulator stand behind it. Here are FXTM's accounts with that in mind.
Regulation: FSC Mauritius (C113012295); FSCA South Africa (50320); CMA Kenya (135). How FXTM is regulated
Facts last checked . Read the full FXTM review.
Accounts
- Minimum deposit
- $30
- Account types
- Micro, Edge, Rewards, Rewards Plus, Advantage, Advantage Stocks, Demo
- Account currencies
- USD, EUR, GBP, AED, USC/EUC cent currencies on Micro
- Islamic account
- Yes
- Demo account
- Yes
- Professional account
- Yes
- Minimum trade size
- 0.01 lots
- Time to open
- Typically a few minutes
What this means
FXTM runs 7 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.
Base currencies: USD, EUR, GBP, AED, USC/EUC cent currencies on Micro. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.
The smallest position is 0.01 lots. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.
A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.
Questions about FXTM accounts
Which base currencies does FXTM support?
FXTM accounts can be held in USD, EUR, GBP, AED, USC/EUC cent currencies on Micro. Holding the account in the currency you deposit avoids a conversion charge on every deposit and withdrawal.
What is the minimum deposit at FXTM?
The minimum deposit at FXTM is $30. It can differ by account type and by the entity you register with.
What account types does FXTM offer?
FXTM offers 7 account types: Micro, Edge, Rewards, Rewards Plus, Advantage, Advantage Stocks, Demo.
Accounts at brokers under the same regulator
- XM accounts also licensed by FSC (Mauritius)
- Exness accounts also licensed by FSC (Mauritius)
- HF Markets accounts also licensed by FSC (Mauritius)
- FP Markets accounts also licensed by FSC (Mauritius)
- AvaTrade accounts also licensed by FSCA (South Africa)