FXTM (ForexTime) Malaysia Account Types
FXTM Malaysia provides several types of trading accounts: Standard, Cent, Shares, ECN, ECN Zero, and Pro, which are suitable for all traders from beginners to experts. SWAP-free option (Islamic Forex Account) is also available at FXTM Malaysia.
Minimum Deposit: $100
Leverage: 1:1000
Minimum trade size: 0.01
Spread Type: Floating from 1.3 pip
Commission: No
Account Currency: USD, EUR, GBP
Minimum Deposit: $5
Leverage: 1:1000
Minimum trade size: 0.01
Spread Type: Floating from 1.5 pip
Commission: No
Account Currency: Cent
Minimum Deposit: $500
Leverage: 1:1000
Minimum trade size: 0.01
Spread Type: Floating from 0.1 pip
Commission: $4 / lot
Account Currency: USD, EUR, GBP
Minimum Deposit: $200
Leverage: 1:1000
Minimum trade size: 0.01
Spread Type: Floating from 1.5 pip
Commission: No
Account Currency: USD, EUR, GBP
Minimum Deposit: $25000
Leverage: 1:200
Minimum trade size: 0.01
Spread Type: Floating from 0 pip
Commission: No
Account Currency: USD, EUR, GBP
The standard account offers services with tight floating spreads and floating leverage from 1:1000 via MetaTrader 4 and MetaTrader 5 platforms. The standard account comes with instant execution speed and is available in EUR, GBP, USD, with no hidden commission.
The cent account is essentially similar to the standard account but uses fixed leverage of 1:1000 and is only available via the MetaTrader 4 platform. The minimum deposit is 10 USD/GBP/EUR, allowing traders to trade in smaller sizes. The cent account is a perfect transition from demo trading to a live trading account.
The Shares account is used exclusively for CFD stock trading via the MetaTrader 4 trading platform with fixed leverage of 1:10 and zero commission. The data is provided in real time with instant execution from the renowned NYSE and NASDAQ Exchanges.
ECN accounts are specially designed for ECN trading, where all trades are STP (straight through process), and traders will be charged with a small fee by the broker.
ECN Zero Account is commission and SWAP-free (for MT4 accounts) with tight floating spreads and floating leverage up to 1:1000. Traders are allowed to use all methods including hedging and scalping with fast order execution and no re-quotes.
For true ECN account, traders are offered floating spreads starting from 0.1 pips and floating leverage up to 1:1000 with low commission starting from 4 USD. All trading strategies are also allowed.
The FXTM Pro account is specially designed for professionals, institutional traders, and hedge fund managers. It offers spreads as low as 0 pip without last look pricing and no re-quotes. FXTM Pro allows professionals to use any and all trading strategies without limitations.
FXTM Malaysia Deposit & Withdrawal
FXTM Malaysia offers various instant deposit methods with zero commission, including credit cards (Visa, Mastercard, and Maestro), e-wallets (Skrill, Neteller, DusuPay, WebMoney, PerfectMoney, Bitcoin, FasaPay), and Local Malaysian Banks (in Ringit).
Various withdrawal methods are available at FXTM broker. Fund withdrawals can be made with a minimum amount of 5 USD.
Most withdrawal methods such as Skrill, Neteller, and local bank transfer charge zero commission. However, other withdrawal methods such as WebMoney, Bitcoin, and online banking services may charge an additional fee varying from 0.5-2 %. Moreover, funds withdrawal using Bank Wire Transfer is subject to more than 5 USD fee since the actual fee is 30 EUR.
Withdrawals are processed within 24 hours (Monday to Friday, 03:00-19:00 GMT +2), but the time required for the funds to be transferred to the traders’ account will depend on the payment method (Bank Wires: 3-5 business days, credit/debit cards: 3-10 business days, e-wallets and local malaysian banks: 1 business day).
If the trader’s account remains inactive for 6 months, FXTM charges a 5 USD/EUR/GBP fee for inactivity.
At FXTM Malaysia, all trading accounts come with a floating spread, and the minimum spread is determined based on the account type. The clients would receive the lowest spreads on each trading account, the amount of which may vary according to the market fluctuations. The spreads on Standard and ECN accounts are offered from 1.3 pips with no commission and 0.1 pips with $4 commission respectively. Moreover, the FXTM Pro Account holders will get zero spread with no commission.
FXTM (ForexTime) Malaysia Security & Safety of Funds
FXTM Malaysia is committed to creating a safe and reliable trading environment to ensure the safety and security of its clients’ funds. As a global brand serving thousands of clients around the world, FXTM complies with the international standard of client protection.
Headquartered in Cyprus with a branch in the UK, FXTM is regulated by Securities and Exchange Commission (CySEC) of Cyprus, Financial Conduct Authority (FCA) of the UK, Financial Sector Conduct Authority (FSCA) of South Africa, and International Financial Services Commission (IFSC) of Belize.
FXTM broker ensures that the clients’ funds are segregated in independent bank accounts at the top-tier EU banks separate from the company’s operational or investment funds thereby preventing the clients’ funds from being affected in the case of bankruptcy.
FXTM is also a member of The Financial Commission and provides additional protection with the ICF (Investor Compensation Fund), maximum of 20,000 EUR per client as an insurance policy in the case of unresolved dispute.
Adopting the SSL (Secure Sockets Layer) network security protocol, all connections for transactions and communications are securely guaranteed and protected. All data transmission are encrypted to prevent data theft and unauthorized access.
