FXTM Demo Account
In this article
To start a successful journey towards a new trading experience, heading to a demo account should be the main priority for you all. And therefore, we recommend the FXTM demo account.
FXTM is a top leading broker platform for beginners and advanced professionals on which you can trade with a variety of trading instruments with no hassle. To learn more about FXTM demo account or other trading account types, let’s dive into the discussion below:
What are the features of the FXTM demo account?
FXTM demo account impersonates the live trading account perfectly, with which a trader can step into a live trading experience in a friendly or risk-free environment.
Once you start using a demo account, you can start trading with various financial instruments, which you generally get on a live account.
FXTM demo accounts can easily be managed and accessed through the trading platforms of MetaTrader 4, MetaTrader 5, and FXTM Web Trader.
Tutorial guide on how to open an FXTM demo account
To register and set up an FXTM demo account, you have to follow the below-mentioned steps carefully:
- Navigate to the official site of FXTM and click the “sign up” or “register now” option for the demo account.
- A new window will appear for filling an online application in which you need to mention a few details of your first and last name, residence, mobile phone, valid email address and strong password.
- Once the information has been filled in, choose the “send pin” An OTP will be sent to your provided email address. Enter the OTP in the required field.
- Upon the mobile phone verification, click the “register” option for the completion of registration.
- Once the FXTM registration has been finished, a trader can open the demo account on any account type.
Is it free to open a demo account on FXTM?
Opening a demo account at FXTM is entirely free, which does not involve any charges or commissions or spreads to be part of it. All you will trade is your virtual money which even prevents you from facing any loss or risk.
A demo account has an interface and working system which is similar to a live trading account. But the only difference which comes over is when a live account asks for charges or commissions for opening an account.
What are the different account types available on FXTM?
FXTM is available with seven types of trading accounts where each account is different in terms of spread, minimum deposit, commission, leverage ratio, etc. Those seven trading accounts are:
- Standard account
- Cent account
- Stocks CFD account
- Stocks account
- ECN account
- ECN Zero account
- FXTM Pro Account
For trading activities, FXTM is offering 250 financial instruments with numerous asset classes. In addition, a superior educational guide is also available for the newbie to understand what exactly FXTM is all about.
FXTM also offers favourable trading conditions with incredible execution speeds, tight spreads and the latest trading tools. Moreover, all the tools are designed through strict regulation for performing trading without any risk or loss.
Comparison table of three most common FXTM trading accounts
|Account type||Standard account||Cent account||Stock CFDs Account|
|Initial deposit||$/€/£ 100||$/€/£ 100||$/€/£ 100|
|Spread||From 1.3||From 1.5||From 0.1|
Pros & cons of FXTM
|Offers multiple trading account types||Not for the US clients|
|Low minimum deposit of US $10||Restricted leverage for the EU clients is 1:30|
|Variety of trading instruments|
|Commission-free trading on all accounts|
FXTM Online Trading – FAQs
1. Can you do online trading with FXTM?
FXTM offers you an online trading facility to perform all the trades online without any inconvenience.
2. Is there any commission charge in FXTM?
All the accounts do not have commission charges apart from the advantage account. This account has a commission charge which ranges from $0.40 to $2 per transaction.
3. Is there any fee to open a demo trading account?
FXTM does not charge any commission or fees for the demo account.
4. Can you do free trading on FXTM?
It is not free. You should keep a minimum deposit, and certain commission charges are also applied. These charges are levied on just a few account types.
5. Is spot metal trading available in FXTM?
Spot metal trading is available in FXTM, in which you can trade on various metals through your FXTM account.
6. Are there any charges on spot metal trading at FXTM?
FXTM charges fees on spot metal trading, which varies from one metal to another metal. Spread is also part of it which runs based on different grounds. So it often depends on what order you have placed.
7. Is stock trading available in FXTM?
FXTM provides you with complete freedom to trade stock with your trading account.
8. What is the meaning of spread at FXTM?
Spreads will vary from one account type to another one. For example, this might differ based on assets that you are about to trade.
9. Is FXTM secure for trading?
FXTM is a fast and regulated broker platform with guaranteed trading services to get successful results.
10. Can you get trading tips on FXTM?
Helpful trading tips and educational guides are available on FXTM for beginners.
Summing up the whole discussion, it is clear, though, that a demo account is an excellent approach to help traders practice some new trading strategies. A beginner can start their trading journey in a completely risk-free environment.
These demo accounts are often suitable for beginners who need to build their trading careers as successful traders. So get ready to explore more options of FXTM trading through their demo account.
Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 13+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.
Forex Content Writer | Market Analyst