Forex Traders often wish to trade with brokers that offer suitable trading conditions, affordable minimum deposits, and an easy-to-use trading platform. Sometimes they even trade with loosely regulated forex brokers for lower minimum deposits and higher leverage. FXTM is one of the highly regulated forex brokers that offer online trading services to traders worldwide. It is regulated by FSC (Mauritius), Cysec, FCA, FSCAetc.
If you are considering using FXTM as your broker, you may be wondering about the minimum deposit requirements and deposit conditions of FXTM. In this guide, we will provide you with a comprehensive overview of FXTM’s minimum deposit requirements, deposit process, and other important information you need to know before you start your trading trading journey
What is the minimum deposit for FXTM?
The minimum deposit of FXTM is $200 or equivalent.
FXTM Overview
- Founded In: 2011
- Founder: Andre Dashin
- Headquarters: Mauritius
- Minimum Deposit: $10
- Maximum Leverage: 1:2000
- Regulations: FSC (Mauritius)
- Trading platform:MT4, MT5 and Mobile Trading
- Account Types: Micro, Advantage, Advantage Plus
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alfa-Click, Bitcoin, CASHU, Dash, DixiPay, DusuPay, Ether/Ethereum, FasaPay, Globe Pay, Konnexone, Litecoin, Local Bank Transfers, Maestro, Neteller, Ngan Luong, PerfectMoney, Qiwi, Skrill, VLoad, Yandex Money
- US Traders: Not Accept
How to Fund Your FXTM Account: A step by Step Guide
Step 1: Log in to Your FXTM Account
To fund your FXTM account, you’ll first need to create your FXTM account or log in to your existing account. Open your preferred web browser and go to the official FXTM website. Then visit the login section. You will find it in Manubar. Enter your registered username and password in the provided fields and click on the “Log In” to access your account dashboard.
Step 2: Go to the Deposit Section
Once logged in, go to the deposit section within your FXTM account. This section is typically located in the main menu or sidebar of the platform. Look for options labeled as “Deposit,” “Funding,” or similar terms. Click on this section to proceed to the next step.
Step 3: Choose Deposit Methods
In the deposit section, you’ll find available deposit methods for funding your FXTM account. These methods may include direct Bitcoin deposit, Bitcoin via Instacoin, and wire transfer via Instacoin. FXTM currently does not offer any other deposit methods other than Bitcoin.
Step 4: Enter Payment Details
Once you’ve selected your preferred deposit method, you’ll need to enter the relevant payment details to start the transaction. Depending on the chosen method, this could involve entering your Bitcoin wallet address for direct Bitcoin deposits, following instructions provided by Instacoin for Bitcoin transactions, or providing bank details for wire transfers via Instacoin. Ensure that you accurately enter all required information to prevent any delays or errors in the funding process.
Step 5: Complete Process
After entering the necessary payment details, carefully review the information to ensure accuracy. Once satisfied, proceed to complete the deposit process by following the instructions provided on the platform. This may involve confirming the transaction, verifying any security measures, and completing the deposit. Upon successful completion, the funds should be credited to your FXTM trading account which allows you to start trading on the platform.
How to Withdraw Funds from FXTM
To withdraw funds from FXTM, follow these steps:
- Log in to your FXTM account.
- Go to the “Withdraw Funds” or “Withdrawal” section.
- Select your preferred withdrawal method (e.g., Bitcoin, wire transfer).
- Enter the amount you wish to withdraw.
- Follow any additional on-screen instructions for your chosen withdrawal method.
- Confirm the withdrawal request.
- Wait for the withdrawal to be processed by FXTM.
Frequently Asked Questions (FAQs)
What is FXTM?
ForexTime (FXTM) was founded in 2011. The broker facilitates the trading of over 1,000 forex, CFDs, and real US stocks on its MT4, MT5, and FXTM trader platforms. FXTM states that it has over 1 million clients from over 150 countries and has won over 45 industry awards for excellent services.
What is the Maximum Deposit of FXTM?
FXTM does not have a maximum deposit limit. You may deposit as much as you want. However, your deposit methods might have transaction limits. For example, Paypal, Neteller, and Skrill have a max deposit limit of 50,000 of your base currency (USD, GBP, EUR)
What currency can I deposit into FXTM?
FXTM accepts only USD deposits.
What is the maximum leverage of FXTM?
The Maximum Leverage of FXTM is 2000:1. It means that you can trade up to 2000 times the equivalent amount of base currency you have in your account.
How much does it cost to deposit in FXTM?
FXTM does not charge any fees for deposits made via any method. However, your card issuer or payment provider may or may not impose a small fee. If you convert your currency and make a deposit, conversion charges might be applicable
What is the Minimum trade size of FXTM?
The Minimum trade size of FXTM is 0.01. It is worth mentioning that a lot is a standard contract size in the currency market. It equals 100,000 units of a base currency, so 0.01 lots account for 1000 units of the base currency
What is the Maximum Trade size of FXTM?
The Maximum lot size of FXTM is 100 lots. It means that traders using FXTM’s platform can trade up to 100 lots of currency pairs in a single transaction.
How long does it take to deposit on FXTM?
FXTM deposits are usually instant. The broker accepts multiple deposit methods. However, the deposit turnaround time (TAT) may vary depending on the chosen payment methods.
- Visa debit/credit card: Immediate
- Mastercard debit/credit card: Immediate
- PayPal: Immediate
- Domestic bank transfer: Same day
- International Bank Transfer: 1-5 working days
FXTM does not accept payments from third parties. The payment account holder must match the account holder’s name. For joint accounts, the FXTM account must be opened in the name of any one of the joint account holders.
How much should I deposit in my FXTM account?
You may deposit any amount you want. If you are a beginner, you may start with as little as $100 or less. As you gain knowledge, you may deposit your desired amount and start trading.
What trading platform does FXTM use?
FXTM uses MT4 MT5, WebTrader, and Mobile trading platforms.
Final Verdict :
FXTM is one of the most popular forex brokers. The minimum deposit at FXTM is $200. This low minimum deposit helps traders to enter the market easily, with minimal financial risk. It also provides an opportunity to test trading platforms and strategies in a cost-effective way.
