FXTM (ForexTime) is an online forex broker that offers financial/trading services in forex, CFDs on commodity futures, indices, and shares to traders worldwide. It offers a number of trading accounts, with each providing a specific feature and services for clients’ trading purposes. Opening an account with FXTM allows you to access the global forex market and trade with superfast trading execution.
Creating an FXTM account involves completing the registration form, choosing the right account to suit your trading needs, verifying your new profile, and funding your account to start trading. The following is the full step-by-step process of creating an FXTM account.
1. Visit FXTM Website
Open your web browser and navigate to the official website of FXTM. Ensure that you are on the official website to guarantee security and credibility. And instead, you can simply register your account here: https://www.forextime.com/register/open-account
2. Click On The “Registration” Tab
When you visit the given website in the last paragraph; on the FXTM homepage, you will find a displaying interface at the right corner of the page (if you are using a computer), and you will find the “Registration” tab to signup or “Log in” tab to sign into an existing account. Click on “Registration” and enter your personal information.
3. Enter Your Personal Information
In entering your personal information, you will be asked to include your full name, email address, phone number, country of residence, and preferred account currency. Make sure you input the accurate information as it will be used for account verification and communication purposes.
After entering your personal details, you will be asked to undergo a quick image verification which will take a few seconds. Immediately after this verification, you will be sent a PIN to verify your account the second time.
After completing the pin verification, a dashboard of your new account will be displayed. Check your email, FXTM will send you a welcoming message alongside your FXTM ID.
4. Complete The Registration Process
On your account dashboard, you will be asked to complete your profile registration to access all MyFXTM features. Click on “Complete registration” to open the registration form. Fill in the information by providing your gender, date of birth, field of work, level of seniority, tax identification number, town/city, full address, state, and source of funds.
5. Read And Agree To Terms And Conditions
Before submitting your information, you will be asked to read and agree to the terms and conditions of FXTM to process your personal data. Carefully read through the terms and conditions and tick the box to accept them.
After this successful process, your profile has been created.
6. Profile Verification
After creating your profile, you will be required to verify it. To begin the verification process, you will need to submit one of these documents; your National ID, Passport, Drivers License, and Residence permit. After submitting one of the above-mentioned documents, FXTM will review your information and documents. This process may take a few business days (3-7 days). Once your account has been approved, you will receive an email notification with your account login credentials, including your account number and login password.
7. Choose The Account Type
In order to satisfy the trading requirements, FXTM gives an assortment of account types. Select the account type that best meets your trading requirements after analyzing the available options. Common account types include Standard Record, Penny Account, ECN Account, and others. Each of the accounts has its particular qualities and exchanging states of its own.
8. Set Up Security Measures
The last thing you are to do on your new FXTM account before beginning the trading journey is to set up a security measure. ForexTime (FXTM) has put in place appropriate security measures to protect the security of its client’s personal data and prevent any authorized or unlawful destruction, alteration, or disclosure. You should take the security of your personal information seriously and check if SSL encryption is enabled on the FXTM trading platform to protect your device. To further enhance security, you are encouraged to always look for the lock sign on your browser and enable it when using FXTM web trading platforms.
However, setting up a security measure is not compulsory as you have already created a password during the account opening process. But, it is important to be aware of this measure in order to prevent unauthorized access to your account.
NB: To start trading, you need to fund your FXTM account. To do this, log in to your newly created account using the credentials sent to you. At the left corner of the FXTM website, navigate to the deposit section and choose the preferred payment method. FXTM offers different deposit options, such as bank transfers, credit/debit cards, and online payment processors. Follow the instructions to complete the deposit process.