FXTM Minimum Deposit and Payment Methods

What is FXTM Minimum Deposit?

FXTM minimum deposits are the same all around the World. You can fund the account using your GBP, USD or EUR currencies. However, FXTM minimum deposits and all other services are still unavailable to US residents. The actual size of the minimum deposits also varies for all account types, as explained below.

You'll realise from the above figures that FXTM offers a friendly deposit amount, especially if you are a new trader. As with all these account types, you have the opportunity to choose safe and efficient payment methods.

FXTM Minimum Deposit in South Africa

FXTM is currently the fourth largest Forex broker in South Africa, according to ForexBrokers.co.za—a broker comparison and education website for South Africans. Also, it's regulated by the local top tier authority, FSCA (South Africa), which makes it a safe place to trade.

South African traders are free to open an FXTM account upon meeting all the minimum deposit amounts. However, they have to consider all the minimum deposits for each account in dollars and convert it to a South African rand (ZAR).

FXTM Minimum Deposit vs Competitors

Here is a look into the FXTM Minimum deposits in comparison with other competitors in the market.

FXTM Deposit Methods and Fees

As one of the top forex brokers with global traders, FXTM provides you with various funding methods as you would expect. These range from bank transfers to crypto payments. The availability of these deposit methods other than bank transfers varies based on the trader’s location. Here are FXTM’s deposit methods in comparison with competitors

FXTM Deposit Methods vs Competitors

FXTM Deposit Fees

Luckily, FXTM doesn't charge any deposit fees to its traders. You can deposit any amount using your preferred method with no extra cost. However, some payment systems may impose their transactions fees.

How Long Does It Take To Deposit Money on FXTM

The time it takes to deposit money into your FXTM account will depend on the payment method you use. Usually, wire transfers will take 2–3 days. This is different from online wallets and debit cards which are either instant or only take a few hours. Here are the processing times for each payment method;

FXTM Account Currencies

FXTM provides you with major base currencies to choose from. These include EUR, GBP and USD. The broker does not support minor currencies. This means FXTM will convert all deposits made in minor currencies, but you’ll lose money on the currency conversion fee.

There is a way to save on hefty currency conversion fees by opening a multi-currency bank account at any digital bank. This will allow you access to different bank accounts in several currencies with great currency exchange rates. You’ll also enjoy free or cheap international bank transfers.

How to Deposit Money on FXTM? Step by Step Guide

Equipped with all the information about base currencies and the minimum deposits to make, it’s now time to learn about depositing money on FXTM. This is important since you need a minimum deposit amount before you can start trading on the platform. Find out more in this step-by-step guide.

Forex Rebate for Trading with FXTM

Broker FXTM (pronounced "ForexTime") started in 2011. It provides an opportunity to make a profit through active trading or investment programs. The company is regulated by CySEC (Cyprus Securities and Exchange Commission), South African FSCA (Financial Sector Supervision Authority), UK FCA (Financial Conduct Authority), and FSC (Mauritius Financial Supervisory Commission). The broker has received many awards, including "Best Trading Conditions" (2018, 2019) and "Most Innovative Broker" (2018).