FXTM, also known as ForexTime, is a popular online foreign exchange (Forex) broker that offers a wide variety of trading products and services to traders around the world. The company is known for its low spreads, fast execution, and wide range of trading tools.
In this article, we will discuss the minimum deposit required to open an FXTM account. We will also provide some information about the different account types that FXTM offers and the minimum deposit requirements for each type.
Minimum Deposit by Account Type
The minimum deposit required to open an FXTM account depends on the account type you choose. FXTM offers three main account types:
Standard Account: The Standard Account is the most basic account type that FXTM offers. The minimum deposit for a Standard Account is $50.
ECNS Account: The ECNS Account is a more advanced account type that offers tighter spreads and lower commissions. The minimum deposit for an ECNS Account is $100.
FXTM Pro Account: The FXTM Pro Account is the most advanced account type that FXTM offers. It is designed for professional traders and offers the tightest spreads and lowest commissions. The minimum deposit for an FXTM Pro Account is $25,000.
Additional Fees
In addition to the minimum deposit, there are a few other fees that you may need to be aware of when opening an FXTM account. These fees include:
Inactivity fee: If your account is inactive for more than 12 months, you will be charged an inactivity fee of $5 per month.
Withdrawal fee: FXTM charges a withdrawal fee of $5 for withdrawals via bank transfer.
Conclusion
The minimum deposit required to open an FXTM account is $50 for a Standard Account. The minimum deposit for an ECNS Account is $100, and the minimum deposit for an FXTM Pro Account is $25,000.
In addition to the minimum deposit, there are a few other fees that you may need to be aware of, such as an inactivity fee and a withdrawal fee.
