FXTM is an industry-leading broker known for its excellent withdrawal services. One of the key factors contributing to this is the wide range of payment processors that it offers, accommodating various currencies and providing localized options for its core growth markets. The minimum withdrawal amount FXTM varies depending on the chosen payment processor but it can be as low as $1 or the equivalent amount. This flexibility allows traders to withdraw their funds efficiently.
Steps for Sending the FXTM Minimum Withdrawal
- Log in to your FXTM back office account credentials.
- Once logged in, locate the “Withdrawals” section which can be found in the account dashboard or a designated menu option.
- Choose the withdrawal method you prefer from the available options. Please note that the withdrawal methods must match the name of your FXTM account, as third-party withdrawals are not supported due to regulatory Anti-Money Laundering (AML) requirements.
- Enter the withdrawal amount you wish to withdraw. Ensure that you have sufficient free margin in your trading account to cover the withdrawal amount.
- Double check the withdrawal details and confirm that they are accurate. Once you are certain, submit your FXTM withdrawal request.
- After submitting a withdrawal request you will receive an email confirmation acknowledging your request. Another email will be sent to you once FXTM processes your withdrawal. Additionally, your chosen payment processor will inform you separately when the funds arrive in your account.
FXTM Withdrawal Fees
When it comes to withdrawal fees at FXTM while deposits are generally free of charge, some withdrawal methods may incur costs. Bank wires typically have the highest fees that followed by credit/debit cards. FXTM applies internal fees to these withdrawal methods.
Currency conversion fees also apply, and FXTM updates them daily to reflect Forex changes. These fees are published within the secure back office, where traders can access the most up-to-date information.
A Quick Heads Up
It’s worth mentioning that FXTM offers six withdrawal options which are free of internal charges . Traders should also consider any third party costs associated with that their chosen payment processors as these fees are beyond the control of FXTM. It is advisable to check the processing costs from the e-wallet to the bank account unless the intention is to use the funds directly from the e-wallet. It is also important to factor in currency conversion fees if applicable in order to calculate the overall lowest available cost for withdrawals.
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