FXTM changes account types and discontinues the Loyalty Program for new traders
FXTM’s account structure is changing for new clients.
Several FXTM accounts will be unavailable
FXTM is changing its account structure – which could mean great things for your clients!
As of May 28, 2021, the Standard, Stock CFDs, Stocks MT5, and FXTM Pro account types will no longer be available for new clients.
New traders of FXTM may sign up for one of the new account types from May 31, 2021, onwards.
Each of these comes with a range of exciting features and benefits, ideal for traders of all experience levels and investment goals.
Breaking down the new FXTM account structure
1. Advantage account (used to be known as ECN):
This offers traders the best pricing.
You’ll also earn a percentage of the commissions charged to your clients trading Stock CFDs (available on MT5) and Indices (available on both MT4 and MT5).
2. Advantage Plus account (used to be known as ECN Zero):
The minimum deposit amount for traders is increased from $200 to $500.
In addition to Stock CFDs, FXTM has also added Stocks to the MT5 platform for Advantage Plus traders, offering traders the chance to trade global US and Hong Kong company names.
Open FXTM Advantage Plus Account
3. Micro account (used to be known as Cent):
With the Micro account, you can continue to trade with instant execution, while the minimum deposit requirement has increased slightly from $10 to $50.
FXTM Loyalty Program will be closed
Lastly, the FXTM Loyalty Program will no longer be available for any new traders after May 28, 2021.
This does not affect existing traders or their account types at all.
If you are already enrolled in the FXTM Loyalty Program, you will continue to be rewarded with real, withdrawable cash.