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Getting your money out of FXTM

If a broker ever fails, the questions are how your money was held and how fast it could come back. This is how FXTM handles withdrawals today.

Regulation: FSC Mauritius (C113012295); FSCA South Africa (50320); CMA Kenya (135). How FXTM is regulated

Facts last checked . Read the full FXTM review.

Deposits and withdrawals

Deposit methods
Visa, Mastercard, bank wire, Skrill, Neteller, cryptocurrency and local payment methods
Withdrawal methods
Visa/Mastercard, bank wire, Skrill, Neteller, cryptocurrency and local payment methods
Deposit time
Instant for most cards/e-wallets; bank transfers generally 1-5 business days
Withdrawal time
Typically processed within 24 hours; arrival depends on payment method
Minimum withdrawal
$5
Local payment methods
Local bank transfers, mobile payments and country-specific payment providers

What this means

Withdrawals are stated at Typically processed within 24 hours; arrival depends on payment method, against Instant for most cards/e-wallets; bank transfers generally 1-5 business days for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: visa/mastercard, bank wire, skrill, neteller, cryptocurrency and local payment methods. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is $5 - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Questions about FXTM deposits and withdrawals

How do you withdraw from FXTM?

Withdrawals from FXTM are made by visa/Mastercard, bank wire, Skrill, Neteller, cryptocurrency and local payment methods. Most brokers return money by the method it arrived by, so the deposit method decides the withdrawal method.

How long does a FXTM withdrawal take?

FXTM records withdrawal times of typically processed within 24 hours; arrival depends on payment method. The broker's processing time and the bank's or card issuer's time are separate, and the published figure is usually the broker's.

Is there a minimum withdrawal at FXTM?

The minimum withdrawal at FXTM is $5.

Deposits and withdrawals at brokers under the same regulator

More about FXTM