Minimum deposit to open an account is most of the time a barrier for new traders. FXTM Minimum Deposit is the same as the minimum deposit of most other online brokerages. It is $100. That’s right, $100. The minimum deposit can be made in a few different ways. You can send a wire transfer to FXTM. This will take 3-5 business days. Large deposits to FXTM can be made using bank wire transfer as well. This will take 3-5 business days as well. You can also use Credit/Debit cards to make your deposit. It will take a few days for the money to appear in your account.
Compare FXTM to other brokers
FXTM, a leading forex broker, is pleased to announce a number of new services designed to give retail Forex traders and institutional investors a comprehensive range of investment opportunities. New strategies include solutions for both fast and medium term trading, and allow traders to choose between regular and manual trading. This approach is designed to provide clients with a variety of choices, a number of different ways to trade and access to the most innovative trading technology.
FXTM is a broker that has shown a great performance in the last 7 years. Although the broker is relatively new to the forex market, it has some outstanding features. FxPro also known as fxtm review has some of the best spreads that I have seen in the market. The broker has made a name for itself in the industry in a very short span of time and has managed to establish itself as one of the top forex brokers in the industry.
FXTM deposit requirements
FXTM, as a reliable binary options broker , has several options to deposit funds in one’s trading account. In case of a wire transfer, you must start with the count of 1-3 days for the transaction to complete and your funds to show up on your account, provided that you have all the needed information: the name of the bank, its country, the bank code, the bank address. The minimum deposit amount is set at $200. In case you are ready to deposit funds via credit card, you will be charged an advance fee of 5%, which is deducted from your deposit amount. Still, the minimum amount you can start with is $100. The only available credit card is VISA. As for e-wallet solutions and wire transfers, you can deposit $5,000 per day.
How to open an account with FXTM
FXTM is a brand of The Forex trading Group. The Forex trading Group is the pioneer of online trading platforms for the foreign exchange market. FXTM’s headquarters is based in London. In Financial year 2016 alone, the group gained around $398million in revenue. As an award winning broker, FXTM’s main aim is to provide a wide range of leading trading platforms to the global traders. They have a lot of products and services that cater to even the most demanding trader. Certain products are also tailor-made for traders with limited experience and trading capital. Besides, traders are also given an opportunity to practice and learn about forex trading with a demo account before trading with real capital.
For those who are interested in dealing in the forex market online, it is important to set up an account with a reputable broker or dealer. Forex traders not only need to keep track of their financial accounts, but they also have to be aware of the risks involved.