FXTM Commission or Brokerage Charges – Review, Plans, FAQs & more
Check out all details about FXTM Commission or Brokerage Charges here.
While choosing a brokerage house what do you check first? The commission they charge for providing trading services, isn’t it?
So, this article is going to tell you about the commission as well as other charges that FXTM levies on investors and traders for rendering services to them.
FXTM Commission is reasonable and affordable for traders. This is one of the primary reasons for FXTM being as famous as a brokerage house around the globe.
We will in this article not only check the commission and other charges for using their services but also the process of opening an account with FXTM in detail.
Apart from these, there will be much other information that you would want to know about this broker.
FXTM Commission or Brokerage Charges
If you are concerned about the FXTM brokerage then you do not need to worry much. This brokerage house charges very nominal charges from its clients.
There are different types of accounts that it provides.
According to the types of accounts, the charges differ. We will be discussing each of the accounts and their commission plans in the next section of the article.
The FXTM fee is generally very reasonable for many other reasons as well.
For instance, it provides the best spreads in the market.
This helps you make your best move while trading and earn more from the trades.
Furthermore, the FXTM charges are also pretty affordable as there are multiple services and products you get with this brokerage house.
Fill up the Form – Open Forex Trading Account Now!
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Types of FXTM Commission Plans
|Types of Commission Plans|
|Account Type||Standard||Cent Account||Stock CFDs Account|
|Initial Deposit||$/€/£ 100||its $/€/£ 10||$/€/£ 100|
|Spread||From 1.3||its 1.5||From 0.1|
There are three types of FXTM Commission plans that this brokerage has for you. Let us discuss each of them in detail –
Standard Account Commission Plan
The standard account is a type of account that is the basis of all.
The commission plan for this account is nil. This means there are no commission charges on trades done using this account.
So, in simple words, you do not have to pay any brokerage fee for trading using the FXTM standard account.
The initial deposit is there for this account which is $100 only. However, you get huge leverage of 2000 times on this account.
This means if you have only $100 in your trading account, you can trade instruments worth $20000.
This is a boon for the volume traders, isn’t it? Even when there is no commission on this account, the spread level is 1.3 which is a good one.
Cent Account Commission plan
The next commission plan is for the Cent account.
This account has an initial deposit requirement of only $10. The leverage you get with this account is 1000 times and that means you can trade assets worth $1000 even having $10 in the trading account.
This account also has no commission on the trades.
This again means you just need to keep the initial deposit and trade as much as you want. There are no charges for the same.
The spread level is 1.5 which is good for regular traders.
Stock CFDs Account Commission Plan
Finally, there is a Stock CFDs account which is for trading CFDs as well as other instruments. Here you get to trade against no commission charges again.
So, FXTM charges no commission for all its trades. The spread level is super low at 0.1 which is great for the traders.
The leverage is though pretty less and only 10 times the amount you have in your trading account.
You need to keep at least $100 in your account and this is also the initial deposit requirement as well.
FXTM Account Opening Process
Now you know the FXTM Commission so, if you want to open an account with FXTM then here are the steps for that –
- Firstly, you need to click on the button “Open Demo Account” that you see on this page. Once you click on it, a pop u form will appear on the screen.
- Then you need to fill the form up with the right details and then you need to submit the same for verification
- The FXTM associates will contact you once they receive the form
- You need to upload the documents they ask for for KYC purposes.
- Once the KYC is done and they approve your application for the account, you will receive a main with the log-in credentials.
- The account will be live and you can access the same by logging in using the id and the password.
FXTM Payment or Withdrawal Methods
|Deposit Options||Credit Card, Cryptocurrencies, Maestro, Neteller, QIWI, Skrill, Webmoney, Wire Transfer|
|Withdrawal Options||Credit Card, Cryptocurrencies, Maestro, Neteller, QIWI, Skrill, Webmoney, Wire Transfer|
For any trader, the deposit and withdrawal option is very crucial for the trading account.
Herewith FXTM account, you can get deposit options as well as withdrawal options with –
- Credit Card
- Maestro Card
- Wire transfer
All these options are secure and safe for transferring money.
They are having proper encryption and safety checks.
So, you can transfer and withdraw money using these applications and sites and the options without any dilemma or worry.
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FXTM Investment Assets
|Supported Cryptocoins||bitcoin, ethereum, litecoin|
|Total Tradable Assets||6|
|Number Of Currency Pairs||50|
|Number Of Cryptocurrencies||3|
|Number Of Stocks||180|
|Number Of Indices||5|
|Number Of Commodities||3|
|Number Of Futures||NA|
|Number Of Options||NA|
|Number Of Bonds||NA|
|Number Of ETFs||NA|
FXTM has a huge range of assets for investment. There are –
- 50 types of Currencies pairs
- 3 types of commodities
- 180 stocks of different companies
- There are even cryptocurrencies of 3 types which are Bitcoin, Litecoin, and Ethereum
- There are 5 indices as well which you can trade with an FXTM account.
FXTM Commission – Conclusion
With a wide range of assets for investment, that too for FXTM Commission for all its three types of accounts, the brokerage house is a boon for the investors.
There is huge leverage at the same time along with a minimal spread level. So, this broker has it all that can help you for profitable and great trading experience.
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FXTM Charges or Fees – FAQs
Here is the list of FAQs related to the FXTM Brokerage Charges or Fees:
Do FXTM charge commission?
No, there are no FXTM charges or FXTM commission.
The brokerage house provides three types of accounts and there is no commission on any of these three. You can trade for no brokerage charges.
How much does FXTM charge brokerage?
FXTM brokerage is nil.
There are no brokerage charges that this brokerage house charges for rendering services.
All you need to do is to open an account and keep an initial deposit in the account. Then you can trade with the account without any brokerage charges.
What is the Minimum Deposit required in FXTM?
The minimum deposit or the initial deposit required by the investors for opening an account with FXTM is different for each type of account.
While for the standard account and Stock CFDs account it is $100, for the other one that is the Cent account the minimum deposit is only $10.
How much leverage does FXTM provide?
FXTM provides huge leverage for each of the accounts, especially for the standard and Cent account.
For the standard account holder, the leverage is up to 2000 times or a 1: 2000 ratio.
Similarly, for the Cent account holder, it is 1:1000 which means 1000 times of leverage. For the stock CFDs account it is a little less though.
How much is spread at FXTM?
The spread varies from one account to another.
For the standard account, it is 1.3 pips, for the Cent account it is 1.5 pips, and for the stock, CFDs account it is only 0.1 pips.
What type of Commission Plans available in FXTM?
There are three types of accounts that you can open with FXTM but no one of them has any commission attached to them.
Do FXTM provide Cryptocurrency for Investment?
Yes, there are three cryptocurrencies – Bitcoin, Litecoin, and Ethereum which you can trade with an FXTM account.
Is FXTM a legit Forex Broker?
Yes, FXTM is a registered brokerage house with its headquarter in Cyprus. It is under the regulations of CySEC, FSC, and FCA. It was established in the year 2011 by Nicholas Defteras.
Can I invest in FXTM for $5?
No, the minimum deposit required for a standard and Cent account is $100 while for the stock CFD account it is $10. So, you cannot trade with only $5 at FXTM.
Are there any hidden charges available with FXTM?
No, there are no hidden charges that FXTM levies. It has transparent plans for each account. There are no commissions and no brokerage charges and no hidden charges as well.
Fill up the Form – Open Forex Trading Account Now!
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