FXTM Minimum Deposit, Payment Methods, and Fees

Navigating FXTM's Funding Process: A Comprehensive Guide to Deposits and Withdrawals

When you're ready to start trading, one of the first things you need to understand is how to fund your account and withdraw your profits. This guide provides a detailed overview of the deposit and withdrawal process at FXTM, from the initial FXTM minimum deposit to the various payment methods, associated fees, and processing times. We will walk you through the specifics so you can manage your capital with confidence and clarity.

FXTM Deposit and Withdrawal Methods

FXTM provides a variety of deposit and withdrawal methods designed for efficiency. Our team found that the availability of these methods can vary by region. The broker does not accept third-party payments, and all funds must come from a payment source held in the same name as your trading account. We also noted that for withdrawals, the funds must be returned to the same method used for the initial deposit, up to the amount of the original deposit.

Key Information on Deposits and Withdrawals

FXTM's deposit and withdrawal policies are straightforward, but some details are critical to a smooth experience.

• Minimum Deposit: The FXTM minimum deposit for the Advantage, Advantage Plus, and Advantage Stocks accounts is $200 (or the equivalent in EUR or GBP).
• Transaction Fees: We found that FXTM charges a flat $3 transaction fee for any deposit or withdrawal of $30 or less. For withdrawals over $30, fees can vary depending on the payment method.
• Processing Time: While FXTM's back-office processes most withdrawal requests within 24 hours, the time it takes for the funds to reach your account depends on the payment processor. E-wallet withdrawals are typically the fastest.

FAQs about FXTM's Deposit and Withdrawal Policies

Q1: Is there a fee for depositing funds into my FXTM account?

Generally, FXTM deposits are free. However, a fixed $3 fee is applied to all deposits and withdrawals of $30 or less. Our research indicates that some local payment solutions may also have associated fees.

Q2: How long does it take for my funds to be processed?

FXTM's back office aims to process all withdrawal requests within 24 hours. However, the total time for the funds to arrive in your account varies. For example, e-wallet withdrawals are often instant after processing, while bank wire transfers can take 3 to 5 business days. We recommend using a method that balances speed and cost to best suit your needs.

Q3: Can I withdraw funds to a different bank account or card?

No. Based on our analysis of the platform's policies, withdrawals must be made proportionally to the payment method used for the original deposit. This means if you deposited via a credit card, you must withdraw to that same card, up to the deposited amount. Any additional profits can then be withdrawn through another available method.

Risk Disclosure

Trading leveraged financial instruments carries significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure you fully understand the risks involved. Online Forex and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading Online Forex and CFDs with this provider. It is your responsibility to ascertain whether you are permitted to use the services of Exinity based on the legal requirements in your country of residence.