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.
|Trading Platforms||MT4 / MT5|
|Account Currency||USD / EUR / GBP / NGN 1|
|Leverage / Margin req.||Floating from 1:1000 - 1:2512|
|Minimum deposit||$/€/£ 100, ₦40,0001|
|Order execution||Instant Execution|
|Spread||From 1.3 3|
|Swap-Free|| MT4: V|
|Limit & Stop Levels||1 spread|
|Pricing|| MT4:5 decimals for FX (3 on JPY pairs), 2 decimals for Spot Metals|
MT5: 5 decimals for FX (3 on JPY pairs), 3 decimals for Spot Metals
|Trading Instruments|| MT4: Majors, Minors, Exotics4 - 59, Spot Metals – 5, Spot CFDs -14 13, 14, Crypto-Currencies - 4 |
MT5: Majors, Minors, Exotics4 – 33, Spot Metals - 2
|Minimum Volume in Lots per Trade||0.01|
|Micro Lot (0.01)||V|
|Mini Lot (0.1)||V|
|Standard Lot (1)||V|
|Maximum Volume in Lots per Trade||30|
|Maximum Number of Orders||100|
|Maximum Number of Pending Orders||100|
1 NGN accounts are only available to clients in Nigeria.
3 Spreads are floating and they may increase during specific periods of the day depending on the market conditions.
4 Exotic pairs are not available for swap-free accounts.
12 Please bear in mind that the Company may at its sole discretion switch the leverage to a maximum of up to 1:100 for all forex currency pairs and spot metals within the hour before the trading session ends on every Friday if any positions are opened, closed or modified on a Standard MT4 or Cent MT4 account. However, before the beginning of the next trading session, the leverage will be reset based on the total volume of open positions on the account. Moreover, kindly note that the Company may extend these amendments for as long as it deems necessary after the market opening, by providing the Client with prior written notice.
13 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.
14For Spot Indices and Spot Commodities on Standard MT4 Account: the Maximum volume per trade is 5 lots; the maximum volume of all orders for Spot Indices is 15 lots and 50 for Spot Commodities.
18Commissions for cryptocurrencies depend on the Account's currency: 15 USD/lot, 12.5 EUR/lot, 11.5 GBP/lot or 5,400 NGN/lot for the round turn.
19 Please note that for clients who reside in Nigeria, there is a minimum deposit requirement of $/€/£100 or ₦40,000 for Standard accounts, $/€/£200 or ₦80,000 for ECN Zero accounts and $/€/£200 or ₦80,000 for ECN accounts. For clients who reside in South Africa, there is a minimum deposit requirement of $/€/£100 for Standard accounts, $/€/£200 for ECN Zero accounts and $/€/£500 for ECN accounts. For clients who reside in Tanzania, Ghana and Kenya, there is a minimum deposit requirement of $/€/£200 for ECN accounts.