CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Skrill / Moneybookers

CurrencyGBP, USD, EUR
Fees / CommissionNo Commission
Processing Time2 Hours

VIP Skrill VIP program

  • Fast verification and limit increase for deposits and payouts
  • FREE Skrill Prepaid MasterCard®
  • FXTM covers your deposit charges
  • Plus lots more benefits on your Skrill account

How to make a deposit to your FXTM trading account

  1. Open the Deposits page within the My Money section in MyFXTM.
  2. Choose your preferred deposit method and click ‘Deposit’
  3. Select the trading account or wallet you wish to deposit funds into and complete the necessary fields.
  4. Confirm your deposit details in the next page.
  5. Some additional steps may be asked from your payment provider.

You can keep track of your deposit status in the “Transaction History” in MyFXTM.

Important Information

  1. You may only make a deposit from your own Moneybookers/ Skrill eWallet.
  2. No third party payments will be accepted.
  3. To transfer funds using your credit/ debit card, please make a credit/ debit card deposit to your Moneybookers/ Skrill e-Wallet and then create a deposit request in MyFXTM using your Moneybookers/ Skrill login details.
  4. The name and email address you have registered with Moneybookers/ Skrill must match the name and email address in your MyFXTM account. If you used a different email address when registering with Moneybookers/ Skrill, you will have to list this as an additional email address in your "User Profile" (login required) in MyFXTM and specify which email you use for Moneybookers/ Skrill.
  5. If the residential address you have provided in Moneybookers/ Skrill is different to the one you have provided in MyFXTM, we may ask for an explanation for this by requesting confirmation of the second address you have provided (a utility bill or bank statement).
  6. There is no minimum deposit amount per transaction. The maximum deposit amount is 10,000 EUR per transaction (or the equivalent – see the table above for supported currencies).
  7. If a Moneybookers/ Skrill transaction is made in a currency that is not supported (please check the table above for supported currencies), your deposit will be converted to the supported currency of your choice. Please note that Moneybookers/ Skrill may charge a conversion fee.
  8. In the event that your trading account and deposit are denominated in different currencies, the transaction will be subject to conversion and charges may apply, as per the Conversion Rates table (login required) in MyFXTM.
  9. FXTM does not charge any commission for deposits made via Moneybookers/ Skrill..
CurrencyGBP, USD, EUR
Fees / CommissionNo Commission
Processing Time30 minutes

VIP Skrill VIP program

  • Fast verification and limit increase for deposits and payouts
  • FREE Skrill Prepaid MasterCard®
  • FXTM covers your deposit charges
  • Plus lots more benefits on your Skrill account

If you wish to withdraw funds from your trading account to your Moneybookers (Skrill) account, you must complete a request in MyFXTM.

How to withdraw funds from your FXTM trading account

  1. Go the Withdraw page within the ‘My Money’ section in MyFXTM.
  2. Select the payment method and click ‘Withdraw’.
  3. Select the MyFXTM account or wallet you wish to withdraw funds from and complete the necessary fields.
  4. Select a reason for withdrawal and enter the PIN that was to you via email or SMS and click ‘Submit’.

You can keep track of your withdrawal status in the “Transaction History” in MyFXTM.

Important Information

Please take the following points into consideration when making a withdrawal:

  1. Funds cannot be withdrawn to third party accounts.
  2. Withdrawals can only be made to the same Moneybookers/ Skrill account that was used to deposit funds.
  3. To withdraw funds via Moneybookers/ Skrill, you must have deposited funds using the same method.
  4. Please check that you have adequate free margin in your account to cover the withdrawal amount. If your free margin is insufficient, you will have to close any open positions.
  5. The processing time for withdrawals is usually within 24 hours of the withdrawal request. After the funds have been processed by FXTM, they will be credited to your Moneybookers/ Skrill account. If we are unable to verify your information, there may be a short delay.
  6. Trading profits can be withdrawn using Moneybookers/ Skrill as long as the funds are being withdrawn to the same Moneybookers/ Skrill account that was used to fund your trading account. Profits can also be withdrawn by bank wire, but we require a bank statement confirming the account holder's name, which must be identical to the name that you provided when you registered with FXTM.
  7. Our conversion rates are updated daily.
  8. There is no minimum withdrawal amount per transaction. The maximum withdrawal amount is 10,000 USD (or the equivalent – see the table above for supported currencies) per transaction.
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