The all-time classic forex account, the Standard Account at ForexTime (FXTM) offers traders a wide range of features and perks suitable for all traders, from the most amateur to the most experienced. This account type was the first to offer traders the ability to trade standard lots (hence the name of the account type) and is the longest standing account type in the forex market.
Traditionally, standard forex accounts tied down traders with a number of limitations such as the requirement of a bulky amount of capital and high commission fees, but this is no longer the case in the modern forex trading industry and especially not at ForexTime (FXTM). We've reformed our FXTM Standard Account with benefits which add great value to the trading experience, removing deposit requirements and commission charges altogether and boosting leverage to new heights.
|Account Currency||USD / EUR / GBP / NGN 1|
|Leverage / Margin req.||Floating from 1:1000 - 1:254, 5|
|Minimum deposit||$/€/£ 100, ₦20,0001|
|Order execution||Instant Execution2|
|Spread||From 1.3 8|
|Limit & Stop Levels||1 spread|
|Pricing||5 decimals for FX (3 on JPY pairs), 2 decimals for Spot Metals|
|Trading Instruments||Majors, Minors, Exotics9 — 57 Spot Metals — 5 Spot CFDs - 1419 Crypto-Currencies — 321|
|Micro Lot (0.01)||V|
|Mini Lot (0.1)||V|
|Standard Lot (1)||V|
|Maximum Volume per Trade||3010|
|Maximum Number of Orders||100|
1NGN accounts are only available to clients in Nigeria.
2 Scalping is not allowed on the servers with Instant execution.
4 If positions are opened, closed, or modified on a Standard.MT4 or Cent.MT4 account in the hour before the trading session ends on Friday, the leverage will be switched to a maximum of up to 1:100 for all Forex currency pairs and spot metals. Before the beginning of the next trading session, the leverage will be reset based on the total volume of open positions on the account.
5 Leverage is offered based on your knowledge and experience. The Leverage / Margin requirements may be subject to change as a result of applicable regulations in your country of residence. For residents of Poland, the maximum leverage is 1:100.
8 Spread may increase depending on market conditions.
9 Exotic pairs are not available for swap-free accounts.
10 For futures, the maximum trade volume is 10 lots.
19 FXTM applies dividend adjustments on Shares and Spot Indices when positions remain open on 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.
21 Commissions for cryptocurrencies depend on the Account's currency: 9 USD/lot, 7.65 EUR/lot, 7 GBP/lot or 3,195 NGN/lot for the round turn.