How much previous experience should I have if I want to trade on the Advantage Account? Click here for a more thorough breakdown of our commission structure for this account. The commission rate is based on a floating structure, meaning that the more your equity and trading volume rise, the less commission you pay. While the spreads are great, this account does come with commission which ranges from $0.40 to $2 per $100K notional value. What’s the biggest drawback to trading on the Advantage account? Then there’s the market execution for orders, meaning you enter your trades at market price and within milliseconds.Īnother bonus? It’s available on both MT4 and MT5 platforms, and you get access to trade stocks like Facebook, Tesla, Alibaba and more after completing a few extra steps in the sign up process. The ultra-tight spreads is number one, it’s really hard to find that kind of pricing with other brokers who are as established as FXTM. It’s no coincidence that this account is called Advantage. What’s the biggest advantage to trading on this account? Why? Not only do traders trade on market execution, meaning that their orders are processed automatically in milliseconds and at market price, but our spreads – probably the most important factor for traders when deciding on which account to open – are typically zero on some of the most traded currency pairs in the world, including EURUSD and EURGBP, and as low as zero on Gold/Us Dollar (XAUUSD). Also, you need to use leverage with caution because increasing leverage means increasing risk. For example, you should use stop loss limit orders for your trading according to market conditions and your risk tolerance. It is also necessary for us to remind you to stay alert about the risks involved in trading at all times, and take the necessary actions to manage your risk. We guarantee the safety of your deposits with segregated funds protection (meaning your money is kept entirely separate from the company’s funds at all times!). Just like every responsible broker out there, we’re licensed and regulated and treat our clients’ trading safety as the highest priority.
How can I be sure that it’s safe to trade on this account?Īs with all of our account types, you’ll have the opportunity to choose secure and efficient payment methods. With that said, it is mostly popular among traders who are new to the markets and don’t wish to invest a lot of their own money right away. The Micro Account is designed to accommodate everyone as long as it meets their individual trading needs. How much previous experience should I have if I want to trade on the Micro Account? You also won’t be able to access some markets unless you’re trading on the MT5, including stocks, stock CFDs, stock baskets and FX indices. MT4 gives you access to easy-to-read, interactive charts that allow you to monitor and analyse the markets in real-time, as well as more than 30 technical indicators, but some experienced traders who love their technical analysis prefer to trade on the more advanced MT5. This account type is also not supported on MetaTrader 5, the successor to MetaTrader 4. It basically means that you won’t open a position at the exact price you originally requested, which is why some traders prefer market execution, where orders are executed in milliseconds at the best market price. This is the only account with instant execution – meaning that we, as your broker, act as the middle man between you and the market and sometimes send you what’s called a requote. What’s the biggest drawback to trading on the Micro Account? The Micro Account offers zero commission, tight spreads and a very affordable minimum deposit requirement of just $10 – while still giving you access to trade metals, indices, FX and commodities. It also has a minimum deposit of just $10, so if you’re new to trading you can get started without worrying too much about jumping right in with a lot of capital. Our Micro Account is uniquely designed for traders who are most comfortable using industry-classic MetaTrader 4. What makes this account different than the others? Ready to open your account? Choose your platform and click on real or demo to continue.
Order execution (read about the difference in our FAQ below)įX: 5 decimals (3 on JPY pairs), Metals: 2 decimals for XAUUSD, 3 decimals for XAGUSD Leverage / Margin Requirements (what's this?) US Cent / EU Cent / GBP Pence / NGN kobo 1 Average of $0.40 - $2 based on volume ( read more) 4
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