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FXTM Minimum Deposit

Published by Usman Ahmed, MBA (Researcher)

Reviewed by Bowen Khong, ACCA

FXTM Minimum Deposit

The minimum deposit of FXTM is $10; this is also dependent on the type of account you open. FXTM offers a cent account, standard account, and stock CFD account. And you can make deposits in different currencies. [1]

Cent account 

The cent account accepts US cent, EU cent, GBP cent, and Naira kobo. The minimum deposit for this account is $/€/£10. The minimum deposit for a naira cent account is 2000.

  • Standard account – The standard account does not accept as low as the cent account. Traders can make deposits in Dollars, Pounds, Euro, and Naira; the minimum deposit for this account is $/€/£100. The minimum deposit for a naira account is #40,000.
  • Stock CFDs account – This account also has its minimum deposit set at $/€/£100, and #40,000 for a naira account 

(Please note that the naira accounts are only available to Nigerians.)

The broker does not charge deposit fees, which means that the broker won’t deduct anything from your deposits. 

The only fees that you might pay are those charged by the bank or third-party agents you use to send your money. 

Traders on FXTM can deposit their money through local transfers, bank transfers, credit/debit cards, and electronic wallets.

Local transfer 

The time of processing deposits through local transfer agencies can vary from instant deposit to some hours or days, depending on the agency used.

FasaPay, South East Asia Online Banking, African Local Solutions offer instant deposit of funds. The broker accepts many other local agencies. 

The list also includes Local Banking China, TC payment, Moroccan Local Transfer, Telepay Local Transfer, and many others across different countries.

Bank transfer

Using this medium usually takes 3 to 5 business days. 

You have to add your bank account to the deposit option (the bank account has to be in your name). 

You will then have to initiate a deposit transaction in your bank and add the reference number provided by your broker in the comments. 

Credit/debit card 

Visa, Maestro, and Mastercard options are the most preferred and convenient ways of depositing money. You are required to enter your regular card details (which must be the same name as the trading account details). This method assures an instant deposit.

Electronic wallet

The electronic wallet option also assures an instant money deposit. 

You can transfer money into your FXTM account through Neteller, Skrill, Webmoney, Yandex money, Alfa-click, TC Pay Wallet, Qiwi, and many more options. 

You only have to enter your credentials and carry out your transactions.

Usman Ahmed, MBA (Researcher)
Usman Ahmed, MBA (Researcher)
Usman Ahmed is a currency trader and financial market analyst with more than 7 years of active trading experience. Besides holding a Masters degree in Business Administration, he has worked for some of the most renewed companies in the forex industry including FXCM, IQOption, MetaQuotes, Alpari, FXStreet, DailyFX and several others. Usman possesses strong technical analytical skills and is famous for his very own, informative and entertaining, writing style. He believes in naked chart trading analysis that is commonly known as price action trading. He follows global financial news and macro-economic events very closely.
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