At FXTM, we strive to provide a seamless and secure trading experience for all our users. To ensure that you are well-prepared and compliant, it's essential to understand the specific requirements for trading stocks on our platform. This article will outline the key prerequisites and guidelines you need to follow to start trading with confidence.
Enabling stock trading on your account is a straightforward process if you follow these steps.
- Verify your account with ID and Proof of Residence document (Read more on verifying your account).
- Fill out the stock questionnaire and W8BEN form via your MyFXTM dashboard.
- Make a minimum of 200$ deposit to the Advantage Stocks MT5.
This is required to make sure you have enough funds to open new positions since stocks are traded with 1:1 leverage.
How do I fill out the stock questionnaire?
If you're opening a new Advantage Stocks MT5 Account, you will see the option to fill out the stock questionnaire. Please choose 'Yes' to proceed with filling out the stock questionnaire.
If you haven't yet completed the stock questionnaire when you opened a new MT5 account, you can still fill it out later by clicking the 'Stock trading' button in your MyFXTM dashboard and then on the 'Questionnaire' hyperlink.
Can I trade stocks on Demo Account?
No, stock trading is not available on Demo Accounts. You'll need to have a live Advantage Stocks MT5 account.