Home » IN » FXTM Minimum Deposit

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.
You may also be interested in reading

G7 Currencies

Are you looking for information on the G7 currencies? Well, if

Fact checked

ForexToStocks is committed to delivering content that adheres to the highest editorial standards in terms of accuracy, sourcing and objective analysis. 

Every article is written by topic experts with relevant academic credentials in the field of business, accounting and finance – including actual trading experience or someone who is a practitioner in the financial market. 

Before going live, each article is thoroughly reviewed and fact checked by a qualified member of the editorial team. 

Furthermore, we have a zero-tolerance policy regarding any level of plagiarism or malicious intent from our writers and contributors.

 
ForexToStocks articles adhere to the followings standards: 

  1. All referenced links must be from reputable websites and sources.
  2. All quotes, studies, data and significant claims must be referenced to its original sources.
  3. All commentary must maintain a high level of objectivity and provide balanced views.
  4. Content should avoid making claims or recommendations that would put readers financial well-being at risk. 
  5. Any potential conflict of interest must be clearly indicated and disclosed to readers. 

We are aware that our editorial process is not perfect, and we are constantly improving our editorial quality through readers feedback and internal review.  

Our #1 Top rated Forex Trading Platform

WORLD LEADER IN FINANCIAL TRADING SINCE 2010