|Processing Time||24 hours|
ForexTime (FXTM) offers the option to make local transfers in IDR through an easy and affordable way. You can make a deposit to your trading account via Forex Online Changer.
- Payments from third parties will not be accepted. The sender name should match the name on your trading account.
- Trading accounts at ForexTime (FXTM) are in EUR/USD only. You will be charged a fee for the conversion by Forex Online Changer, so please confirm the current rate with them.
- ForexTime (FXTM) does not charge any fees and will deposit to your account the net amount received.
- When the transaction goes through, ForexTime (FXTM) will post the funds to your account upon their receipt. The processing time is usually 1 business day. A delay may be caused if the bank or ForexTime (FXTM) encounters difficulties in verifying your information. Please save your payment confirmation so that if necessary we can check all details.
- Funds deposited by local transfer can be withdrawn to any bank account under your name through Forex Online Changer too.
- To withdraw your initial deposit you can only do so to the same bank account used originally for the deposit
- If you transfer funds through Forex Online Changer please be ready to provide payment verification:
If the funds have been transferred from your bank account you can provide a bank statement or a screen shot from your online banking.
If the funds have been transferred from a bank cashier, you can ask them to give you any confirmation of the payment made such as a receipt, teller, etc.
- When filling out a direct transfer form ensure you specify your trading account number or MyFXTM number in the “Remarks” field.
- ForexTime (FXTM) reimburses you 100% for all deposit commissions charged.
|Processing Time||24 hours|
- Withdrawals to a third party are not allowed. Funds from your ForexTime (FXTM) account can only be withdrawn to a bank account under the same name.
- You are able to transfer funds to any bank account opened in your name, but if you wish to withdraw your initial deposit this can only be achieved if you transfer it in the same bank account that you originally deposited from.
- There is no minimum amount for withdrawals. Please note that the fee for exchange funds in local currency will be deducted from the amount withdrawn by Forex Online Changer.
- Please ensure that you have adequate free margin in your account for your withdrawal to be covered, otherwise you may have to close open positions on your account.
- Withdrawals are normally processed by ForexTime (FXTM) within 24 hours of the time the request was made. Once we process your funds, we will post them to your bank account within 1 business day. A delay may occur in the case that we are unable to verify your information.
- Please take extra care when completing the bank details. ForexTime (FXTM) will process your withdrawal request according to the instruction provided by you.