Here's how to deposit money to FXTM

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It's great that you are looking for deposit options at FXTM to take charge of your finances. We would encourage you to carry on! Your future self will be grateful to you.

There are several ways to start your journey, let's walk through the options together!

To give you a brief summary: FXTM is an international CFD and forex broker, regulated by the UK FCA, CySEC of Cyprus and the Mauritian FSC. It is licensed by South Africa's FSCA.

THE ESSENCE:

  • The minimum deposit at FXTM is $50
  • FXTM charges $0 for deposits
  • You can only deposit funds from accounts that are in your name
  • Visit FXTM's page to start the process
  • FXTM is a reliable broker regulated by at least one top-tier regulator

First, let's see if FXTM is available in your country?

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80% of retail CFD accounts lose money

Disclaimer: 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

FXTM minimum deposit
Is FXTM safe?

To trust your money with a broker, you need to be sure that the broker is considered reliable. BrokerChooser only recommends regulated brokers, meaning the broker's operations are overseen by a trusted body.

FXTM can be considered a legit broker, as it is overseen by at least one top-tier regulator, which is a great sign for reliability.

For you, this means that your money is in good hands and you will be able to access your funds.

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80% of retail CFD accounts lose money

FXTM minimum deposit
What is the minimum deposit at FXTM?

At FXTM, the minimum deposit amount is $50.

This means that you have to deposit at least $50 to be able to start trading.

After you have completed the registration and verification process, you need to fund your account to start trading.

This is where you stand in your journey to your first trade at FXTM

Here's tip: don't worry if you decide to switch brokers after depositing. You can always opt out and withdraw your funds.

Pay attention to the inactivity fee though. At FXTM, there is an inactivity fee, with the following conditions: $5 per month after 6 months of inactivity.

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80% of retail CFD accounts lose money

FXTM minimum deposit
What base currencies are available at FXTM?

At FXTM, the following base currencies are available: EUR, GBP, USD, NGN. Try to deposit money to your brokerage account in your account's base currency, otherwise you will be charged a conversion fee.

To avoid high conversion fees, consider opening a multi-currency account at a digital bank.

FXTM minimum deposit
What deposit methods are available at FXTM?

At FXTM, you have multiple options to choose from when you want to deposit money to your account. These options are the following: Bank transfer, Credit/debit cards, Skrill/Moneybookers, Neteller, Western Union Quick Pay, Dotpay, Bitcoin via Skrill, PayPal.

All these options are great, choose the most convenient one for you to be able to start trading. And remember, you can only deposit funds from accounts that are in your name.

There is also a difference in average transfer time for different deposit methods. While credit/debit card and e-wallet transfers are usually instant, bank transfers may take 2-3 business days to arrive.

Deposit options FXTM
Bank transfer Yes
Credit/Debit card Yes
Electronic wallet Yes

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80% of retail CFD accounts lose money

FXTM minimum deposit
Is there any deposit fee at FXTM?

The answer is no. No deposit fees will be applied at FXTM.

This is great because the broker won't deduct anything from your deposits, and you only have to calculate with the costs charged by the bank, or other third-party financial service you send the money with.

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80% of retail CFD accounts lose money

FXTM minimum deposit
How to deposit money to FXTM account?

Here's a step-by-step guide:

  • Log in to FXTM's client area
  • Look for 'Deposit' or 'Funding menu'
  • Choose your funding method
  • Provide the necessary details for the transaction
  • Check if the payment details are correct
  • If you are OK with it, you are ready to proceed
The interface to send the minimum deposit to FXTM

If you get stuck during the process, you can always reach out to FXTM's customer support. At FXTM, customer support can be reached via live chat, phone and email.

FXTM minimum deposit
Wrap-up

It is awesome that you have read through this article! We know that depositing can be frustrating, but you are on the right track, and it is okay to ask for help if you are unsure about something.

If you have a question or a suggestion, drop us an email to [email protected], and we will get back to you soon.

Author of this article

Tamás Gyuriczki

Author of this article

Tamás holds a bachelor’s degree in Finance and Accounting and is now pursuing his Finance master’s degree. He joined BrokerChooser in 2021 and his goal is to help investors and traders find the best platforms suited for their needs. In his free time, he likes reading about economics and building his own portfolio.

Tamás Gyuriczki

Junior Broker Analyst

Tamás holds a bachelor’s degree in Finance and Accounting and is now pursuing his Finance master’s degree. He joined BrokerChooser in 2021 and his goal is to help investors and traders find the best platforms suited for their needs. In his free time, he likes reading about economics and building his own portfolio.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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80% of retail CFD accounts lose money

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