Online forex broker ForexTime (FXTM) said on Monday its clients can make deposits and withdrawals to and from e-wallet Neteller in GBP, PLN and INR.
With the addition of the three currencies, the broker accepts transfers to and from Neteller in a total of five currencies, as it already accepted payments in USD and EUR.
Traders can also benefit from not paying fees on deposits and withdrawals, since the broker does not charge additional fees for processing transactions, and it is also waiving all deposit-related fees. An exception make transactions to trading accounts with a base currency different from the transferred money, as they may be subject to conversion charges.
The news comes just days after FXTM said deposits and withdrawals can be made to and from Skrill, another e-payment system, in three new currencies – GBP, PLN and CZK, in addition to the available USD and EUR. A week earlier, the broker adopted another payment system for deposit payments –Alipay, but only for Chinese clients.
Traders can fund their FXTM accounts using Visa, MasterCard, Maestro, and China UnionPay credit cards, and bank wire transfers to Barclays Bank, Rietumu Banka, Promsvyazbank, and PPF Bank. In addition, they can deposit funds via e-wallet payment systems Skrill, Neteller, WebMoney, Western Union Quick Pay, Payza, Dotpay, and Alipay.
Meanwhile, withdrawals are available via the same banks and credit card providers, as well as via FXTM Virtual Mastercard, broker-to-broker transfers, and the e-payment systems Skrill, Neteller, WebMoney, and Payza.
FXTM is regulated by the Cyprus Securities and Exchange Commission (CySEC), which allows it to operate in and target citizens of all EU member states. It is also registered in the UK.
The broker provides trading with more than 100 instruments, including forex, spot metals, various contracts for difference (CFDs). It serves both retail and institutional clients. Traders can choose between Standard and Cent accounts, or one of four ECN account types. The broker uses the trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5).