ForexTime (FXTM) is a globally regulated and licensed broker, known for its robust security measures and wide array of deposit and withdrawal options.

This guide will explain in detail the process of withdrawing funds from your FXTM account, ensuring a straightforward and secure transaction experience.

Available Withdrawal Methods

FXTM offers various methods for withdrawing funds, catering to the needs of traders worldwide.

These methods include:

• Bank Wire Transfers: Ideal for large withdrawals, offering high security.
• Credit/Debit Cards: Such as Visa, MasterCard, and Maestro.
• E-Wallets: Options like Skrill, Neteller, and WebMoney allow for quick and secure withdrawals.
• Local Payment Methods: Customized solutions are available for different regions, including M-Pesa in Africa, FasaPay, TC Pay Wallet, and local bank transfers in countries like India, Nigeria, and Ghana.

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Withdrawal Process

Withdrawing funds from your FXTM account involves several straightforward steps:

Log In to MyFXTM:

Access the withdrawal section under the ‘My Money’ tab.

Select the Withdrawal Method:

Choose your preferred withdrawal option.

Enter Withdrawal Details:

Specify the FXTM account or wallet and the amount you wish to withdraw.

Confirmation:

Review and confirm the withdrawal details.

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Security of Funds

FXTM places a high priority on the security of client funds:

• Segregation of Funds: Client funds are kept in separate accounts from the company’s operational funds, ensuring that your investments are protected.
• Use of Top-tier Banks: Only reputable, top-tier banks are used for holding client funds.
• Regulatory Compliance: FXTM adheres to strict regulatory standards which include detailed management of client funds.

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Regulatory Information

FXTM is regulated across multiple jurisdictions, ensuring a trustworthy trading environment.

Client funds are insured and kept in segregated accounts in top-tier banks globally, providing an additional layer of security.

Terms and Conditions

• Withdrawal of Initial Deposits: Withdrawals must be made using the same source as the initial deposit.
• Withdrawal of Profits: Profits can be withdrawn using any available payment method.
• Inactivity Fees: A fee of 5 EUR/USD/GBP is charged monthly after 6 months of inactivity until the balance is depleted.
• Additional Fees: Withdrawals requested without trading activity may incur a fee equivalent to banking charges or 3% of the total withdrawal amount.

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Conversion and Fees

Currency Conversion:

If your account and withdrawal currency differ, the transaction will be subject to conversion, and charges may apply.

Withdrawal Fees:

These are deducted from the amount withdrawn; refer to the Fees/Commissions table for specific rates.

Additional Considerations

• Account Verification: Ensure that your account details are verified to avoid delays.
• Free Margin: Verify that you have sufficient free margin in your account to cover the withdrawal. If not, you may need to close some positions.
• Processing Times: Withdrawals are processed during standard business hours, and timing can vary based on the withdrawal method.

FXTM provides a secure and efficient system for withdrawing funds, supported by comprehensive regulatory safeguards and multiple withdrawal options.

By following the outlined steps and considering the terms and conditions, traders can effectively manage their funds and withdrawal processes with ease.