FXTM minimum deposits by account.

FXTM minimum deposits by account.

FXTM sets a different initial deposit for each account. The Micro account starts at $30, Rewards Plus at $100, Rewards and Advantage Stocks at $200, and the Advantage account at $500. That first deposit activates the trading account; after it, FXTM says you can top up by any amount, though payment-method fees and maximum deposit limits may apply depending on your account and location.

One rule surprises many new clients. FXTM won't take a deposit until your profile is verified. Its Help Centre is clear that, for regulatory reasons, you must confirm your identity first.

Micro$30 (3,000 US cents)
Rewards Plus$100
Rewards$200
Advantage$500
Advantage Stocks$200, USD only
Before depositingFull verification required

Minimums by account

AccountUSD, EUR or GBPAED (UAE)NGN (Nigeria)
Micro30 (USD or EUR only)110 AED (in fils)Not offered
Rewards Plus100350 AED137,000 NGN
Rewards200700 AED274,000 NGN
Advantage5001,800 AED685,000 NGN (accounts table)
Advantage Stocks200 USDNot offeredUSD accounts only

The Advantage account page lists 137,000 NGN as its naira minimum, while FXTM's account comparison table and Help Centre show 685,000 NGN. Nigerian traders should confirm the figure in the deposit screen. Our FXTM account types guide explains what each account offers.

How to deposit

  1. Verify your profile with proof of identity and proof of residence.
  2. Log in to your FXTM account on the web or app and open Funds.
  3. Check the trading account shown at the top; the money goes there.
  4. Choose Deposit, pick the currency and a payment method.
  5. Enter the amount and complete the payment on the provider's page.

FXTM says deposits are processed instantly when no extra checks are needed. The name on the paying account must match your FXTM profile, and the details you enter on the provider's site must match the FXTM deposit page, or the payment may be delayed.

Payment methods

MethodNotes
Debit and credit cardsSome issuing banks block card deposits; use another method if yours does
Bank wireGlobal bank transfers
E-walletsIncluding Skrill and Neteller
Local payment methodsCurrency options through regional providers
CryptocurrencyMore than 50 coins, including BTC, ETH and LTC

Crypto deposits are subject to a closed-loop rule: the amount you deposit from a crypto address must be withdrawn back to that same address before other withdrawal methods open up. Deposits under $30 in crypto carry a $3 transaction fee, and amounts below the payment provider's minimum aren't credited at all.

Deposit fees and currency conversion

FXTM's account pages say it doesn't charge fees on deposits or withdrawals, though payment providers may. Its deposits page adds that a deposit fee, where one applies, is subtracted from the amount, and that you can see method fees when logged in. Money sent in a currency other than your account currency is converted at FXTM's rate, which it updates daily.

Fund the account in its own currency where you can. A USD account funded in USD avoids a conversion step on the way in and again on the way out.

If a deposit is late

Check the status first under Funds > Transaction History, where FXTM shows why a deposit failed or was cancelled. If it is still missing after the method's usual time, use the Contact Us form, choose Customer Service Request, and send the transaction ID, amount, date and a screenshot showing the money leaving your account. FXTM says it replies within 24 hours.

How much should you start with?

The minimum activates an account; it isn't a trading plan. With leverage up to 1:5000 on some accounts, a small balance can control a large position and reach the stop out quickly. If you want to start small, the $30 Micro account trades in cents and keeps each pip worth very little. For standard-lot accounts, many traders start with enough to risk no more than 1% to 2% per trade. Also check FXTM's welcome promotions in our FXTM bonus guide before your first deposit, because some only apply to the first one.

Topping up and moving money between accounts

After the first deposit, top-ups can be any amount, though FXTM says maximum deposit amounts may apply depending on your account type and location; split larger sums into several deposits. If you hold more than one trading account, an internal transfer under Funds > Internal Transfer moves money between them instantly.

Transfers don't replace a first deposit, though. FXTM's article on internal wallets says that moving money into a newly created trading account doesn't activate it; a new deposit is needed to activate any new account.

Choose the account currency with care. FXTM converts anything sent in a different currency at its daily rate, and the provider may add its own conversion fee. If your bank account is in naira or dirhams and your account type allows those currencies, a local-currency account can avoid two conversions.

When a bank blocks card payments to brokers, FXTM suggests choosing another method or contacting your account manager for help, rather than trying the same card repeatedly.

FXTM's minimums climb quickly, from $30 to $500. Start where your trading style fits, not where the headline cost is lowest, and remember you have to be fully verified before any deposit goes through.
Abir KhanWriter, FX Recap
Illustrative case: Hassan, 33, Karachi

Hassan uploaded his national ID and a bank statement, was verified within minutes, then deposited $100 by card into a Rewards Plus account. He kept the card details handy, because FXTM's closed-loop rule meant his first $100 would have to go back to that card before he could withdraw elsewhere.

Frequently asked

What is the FXTM minimum deposit?

$30 on Micro, $100 on Rewards Plus, $200 on Rewards and Advantage Stocks, and $500 on Advantage.

Can I deposit before verifying my FXTM account?

No. FXTM requires identity and residence verification before you can deposit.

Does FXTM charge deposit fees?

No deposit fee comes from FXTM itself, though some methods carry provider fees, and crypto deposits under $30 have a $3 fee.

How long do FXTM deposits take?

FXTM says deposits are processed instantly if no extra verification is needed. Times vary by method and are shown when you log in.

Can I deposit crypto into FXTM?

Yes. FXTM accepts more than 50 cryptocurrencies, under a closed-loop rule that returns the deposit to the same address first.

Can I deposit in naira or dirhams?

Yes, on some accounts. FXTM offers NGN accounts in Nigeria and AED accounts in the UAE.

Is there a maximum deposit at FXTM?

Depending on account type and location, maximum deposit amounts may apply; larger sums can be split into several deposits.

Can someone else fund my FXTM account?

No. FXTM doesn't accept third-party payments; the sender's name must match your FXTM profile.

Can I move money between FXTM accounts?

Yes. Use Funds > Internal Transfer to move funds instantly between your own trading accounts.

Does an internal transfer activate a new FXTM account?

FXTM says a new trading account needs a new deposit to activate; a transfer doesn't do it.

Does FXTM convert my deposit currency?

Yes. Money sent in a currency different from your account currency is converted at FXTM's rate, updated daily; providers may also charge.

What if my bank declines my FXTM card deposit?

Some issuing banks don't allow card deposits to brokers. FXTM suggests using another method or contacting your account manager.