Complete Guide to Methods, Fees, and Processing Times
Funding your trading account and accessing your profits quickly are two of the most important aspects of choosing a forex broker. FXTM (also known as ForexTime) has built a solid reputation over the years for offering a wide range of payment options tailored to traders in different regions, with a strong emphasis on security and compliance. As someone who’s followed the broker space closely, I’ve seen FXTM consistently rank well for its localized solutions—especially in emerging markets like Africa, Asia, and Latin America—where many competitors fall short. That said, no system is perfect, and small fees on low-value transactions or occasional delays due to verification can catch new users off guard.
This guide breaks down everything you need to know about depositing and withdrawing with FXTM as of late 2025, based on the broker’s current policies. Options, fees, and times can vary slightly by your country and account verification status, so always double-check in your MyFXTM dashboard for the most personalized details.
Key Rules That Apply to All Transactions
Before diving into the methods, a few non-negotiable policies keep things secure (and compliant with anti-money-laundering regulations):
- No third-party payments: The name on the payment source must match your FXTM account exactly.
- Refund policy for initial deposits: Your original deposit amount must be withdrawn back to the same method/source.
- Profits are flexible: Any trading profits can be withdrawn via any available method.
- Small-transaction fee: A flat $3 (or currency equivalent) applies to deposits or withdrawals under $30. This helps cover support costs and is common among brokers handling high volumes of tiny transfers.
- Inactivity penalties: If there’s no trading for 6 months, a $5 monthly fee kicks in (avoidable by staying active).
- FXTM itself rarely charges deposit fees, but payment providers or banks might.
Deposit Options and Details
FXTM supports over a dozen methods, with availability depending on your location. Deposits are almost always instant or same-day for cards and e-wallets, while bank wires can take longer.
| Payment Method | Minimum Deposit | FXTM Fee | Processing Time | Notes / Availability |
|---|---|---|---|---|
| Credit/Debit Cards (Visa, Mastercard, Maestro) | $5–$200 (varies by account type) | None (except <$30) | Instant | Widely available globally; great for quick start |
| E-wallets (Skrill, Neteller, Perfect Money) | $5–$10 | None (except <$30) | Instant to 1 hour | Popular in Europe/Asia; fast and low-cost |
| Cryptocurrency (Bitcoin, Ethereum, Litecoin, Tether, etc.) | Varies (~$10 equivalent) | None (network fees may apply) | Up to 24 hours | Wallet address changes per deposit; no FXTM crypto fee |
| Bank Wire Transfer | $100+ | None | 1–5 business days | Best for large amounts; intermediary banks may charge |
| Local Transfers (e.g., M-Pesa, local bank options in Nigeria, Indonesia, etc.) | $5–$50 | None (except <$30) | Instant to 2 hours | Huge plus for emerging-market traders; region-specific |
Most traders I know start with a card or e-wallet for speed—deposits hit your account immediately, letting you jump into the markets without waiting.
Withdrawal Options and Details
Withdrawals follow the same methods as deposits. FXTM processes requests within 24 hours on business days (often much faster for verified accounts), but the time to reach you depends on the provider.
| Payment Method | Minimum Withdrawal | FXTM Fee | Processing Time (after FXTM approval) | Notes |
|---|---|---|---|---|
| Credit/Debit Cards | $5–$10 | $3–$5 (or 3% if <$30) | 3–10 business days | Refunds to card limited in some cases after 12 months |
| E-wallets (Skrill, Neteller, etc.) | $1–$10 | Usually none | Within 24 hours | Fastest and cheapest for most users |
| Cryptocurrency | Varies | None (network fees apply) | 24–48 hours | Value can fluctuate during processing |
| Bank Wire Transfer | $100+ | $5–$30 (depends on bank) | 3–5 business days | Higher fees but secure for big sums |
| Local Transfers | $5–$50 | Usually none | 1–24 hours | Excellent in supported countries |
In practice, e-wallets and local options are where FXTM shines—withdrawals often land the same day. Card and wire transfers involve more intermediaries, so plan ahead.
Step-by-Step: How to Deposit or Withdraw
- Log into MyFXTM (your client portal).
- Go to “My Money” → Deposits or Withdrawals.
- Select your method (only verified ones show).
- Enter amount and details.
- Confirm (you’ll get an SMS code for security).
- Done—track status in the dashboard.
First-time withdrawals often trigger extra checks, so upload proof of address and ID early to avoid delays.
My Take on FXTM’s Funding System
From years of watching (and occasionally trading) the industry, FXTM’s setup is genuinely trader-friendly, especially if you’re outside the EU/US bubble. The sheer number of local payment channels beats most big-name brokers, and the absence of hefty internal fees on normal-sized transactions keeps costs predictable. The $3 small-transaction charge is a minor annoyance but understandable—I’ve seen far worse hidden costs elsewhere.
The main gripe you’ll hear in forums? Occasional verification hold-ups or card-return delays. These are standard AML procedures every regulated broker follows, and FXTM isn’t uniquely slow. Once you’re fully verified, things move smoothly.
Overall, if fast, low-cost funding matters to you—particularly in Africa or Southeast Asia—FXTM remains one of the stronger choices in 2025. Just start with a method you already use daily, keep transactions above $30 when possible, and you’ll rarely notice any friction. Trade safe!
•Most Trusted Broker — Asia 2025
•Broker of the Year — LATAM 2025
These awards confirm our commitment to building a rewarding trading environment and helping you uncover your potential. Thank you for choosing to trade with an award-winning broker!
Why choose MetaTrader 5 with Top Forex Brokers?
•Blazing-fast execution & enhanced stability
•38 built-in technical indicators & 21 timeframes for precision trading
•Optimized for all devices—desktop, mobile & web
•Trade a wide range of assets: Stocks, Commodities, Forex & more!
Disclaimer: Trading forex and CFDs carries a high level of risk and may not be suitable for all investors. Ensure you understand the risks involved and consider your financial situation before trading.