In this article, we will explore different trading account types and their specifications. We cover basic specifications, and margin requirements highlighting key features and considerations. Tailor your choice to match your trading goals, whether you're a beginner or an experienced trader. Gain essential insights for navigating the varied landscape of trading platforms.
You can trade forex and other instruments on all of our account types but each trading account type has its features and specifications; i.e. minimum deposit required, spreads, available instruments, execution types, commissions, etc. The choice of account depends on your trading preferences.
You can start trading on the real Forex market with a deposit of $200 and have access to the most number of trading instruments on Advantage or Advantage Plus accounts.
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ADVANTAGE |
ADVANTAGE STOCKS MT5 |
ADVANTAGE PLUS |
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MINIMUM DEPOSIT $/€/£ 200, ₦350,000* *NGN-denominated accounts are only available for residents of Nigeria. |
MINIMUM DEPOSIT $/€/£ 200, ₦350,000* *NGN-denominated accounts are only available for residents of Nigeria. |
MINIMUM DEPOSIT $/€/£ 200, ₦350,000* *NGN-denominated accounts are only available for residents of Nigeria. |
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SPREADS From 0.0 |
SPREADS Super tight spread |
SPREADS From 1.5 |
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COMMISSIONS
*Commission on Advantage MT4 is taken only when a position is opened. Commission on Advantage MT5 is charged twice: once when opening a position and when closing the position. |
COMMISSIONS Zero |
COMMISSIONS Zero
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TRADING INSTRUMENTS
* FXTM applies dividend adjustments on Stocks and Indices when positions remain open at the close of the trading session, on the business day before the ex-dividend date. However, kindly note that the dividend adjustment takes place before the market opening of the ex-dividend date. If a client is holding buy positions his/her account will be credited with the fixed dividend amount. If a client is holding sell positions, then the dividend amount will be debited from his/her account. |
TRADING INSTRUMENTS
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TRADING INSTRUMENTS
* FXTM applies dividend adjustments on Stocks and Indices when positions remain open at the close of the trading session, on the business day before the ex-dividend date. However, kindly note that the dividend adjustment takes place before the market opening of the ex-dividend date. If a client is holding buy positions his/her account will be credited with the fixed dividend amount. If a client is holding sell positions, then the dividend amount will be debited from his/her account. |
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ORDER EXECUTION Market Execution |
ORDER EXECUTION Market Execution |
ORDER EXECUTION Market Execution |
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CURRENCY USD / EUR / GBP / NGN* * NGN accounts are only available to clients in Nigeria. |
CURRENCY USD |
CURRENCY USD / EUR/ GBP / NGN* * NGN accounts are only available to clients in Nigeria. |
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LEVERAGE/MARGIN REQUIREMENTS* Up to 1:3000** (floating) *Please note that margin requirements may vary between symbols and servers. For further information please refer to the Leverage and margin requirements page. **The maximum possible leverage for residents of Kenya is 1:400, regardless of instrument or account type. |
LEVERAGE/MARGIN REQUIREMENTS 1:1 |
LEVERAGE/MARGIN REQUIREMENTS* Up to 1:3000** (floating) *Please note that margin requirements may vary between symbols and servers. For further information please refer to the Leverage and margin requirements page. **The maximum possible leverage for residents of Kenya is 1:400, regardless of instrument or account type. |
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MARGIN CALL 80%* * Please bear in mind that we reserve the right to change, within the hour before the close of the trading session on every Friday, the Stop Out and Margin Call levels from 50% to 100% and from 80% to 130% respectively, for all Advantage MT4/MT5 accounts. We may extend these amendments for as long as we deem necessary after the market opening, by providing you with prior written notice. |
MARGIN CALL NO |
MARGIN CALL 80% |
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STOP OUT 50%* * Please bear in mind that we reserve the right to change, within the hour before the close of the trading session on every Friday, the Stop Out and Margin Call levels from 50% to 100% and from 80% to 130% respectively, for all Advantage MT4/MT5 accounts. We may extend these amendments for as long as we deem necessary after the market opening, by providing you with prior written notice. |
STOP OUT NO |
STOP OUT 50% |
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SWAP FREE* Yes * Exotic pairs are not available for swap-free accounts. |
SWAP FREE NO |
SWAP FREE* Yes * Exotic pairs are not available for swap-free accounts. |
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LIMIT & STOP LEVELS NO |
LIMIT & STOP LEVELS NO |
LIMIT & STOP LEVELS NO |
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DECIMAL QUOTES ON FX AND METALS FX: 5 decimals (3 on JPY pairs), Metals: 2 decimals for XAUUSD, 3 decimals for XAGUSD |
DECIMAL QUOTES ON FX AND METALS NO |
DECIMAL QUOTES ON FX AND METALS FX: 5 decimals (3 on JPY pairs), Metals: 2 decimals for XAUUSD, 3 decimals for XAGUSD |
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MINIMUM VOLUME IN LOTS PER TRADE 0.01* *For Commodities on the Advantage MT4/MT5 and Advantage Plus MT4/MT5 accounts, the Maximum Volume per trade is 5 lots. |
MINIMUM VOLUME IN LOTS PER TRADE 0.01 |
MINIMUM VOLUME IN LOTS PER TRADE 0.01
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MAXIMUM NUMBER OF ORDERS Unlimited |
MAXIMUM NUMBER OF ORDERS Unlimited |
MAXIMUM NUMBER OF ORDERS Unlimited |
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MAXIMUM VOLUME PER ORDER 100 |
MAXIMUM VOLUME PER ORDER 2000 |
MAXIMUM VOLUME PER ORDER 100 |
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MAXIMUM VOLUME IN LOTS OF ORDERS Unlimited* *Commodities on the Advantage MT4/MT5 and Advantage Plus MT4/MT5 accounts, the Maximum Volume of all orders is 100 lots. |
MAXIMUM VOLUME IN LOTS OF ORDERS Unlimited |
MAXIMUM VOLUME IN LOTS OF ORDERS 100
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MAXIMUM VOLUME OF PENDING ORDERS 300 |
MAXIMUM VOLUME OF PENDING ORDERS Unlimited |
MAXIMUM VOLUME OF PENDING ORDERS 300 |
Regional deposit requirements
All clients can open several accounts of each type: Advantage and Advantage Plus. However, there is only one Advantage Stocks account allowed.
Read more about trading account differences in our What is the Difference Between Advantage, Advantage Plus and Advantage Stocks accounts? article.