FXTM Brand does not provide services to residents of the USA, Mauritius, Japan (日本), Alberta, British Columbia, Quebec,
Saskatchewan, Haiti, Suriname, The Democratic Republic of Korea, Puerto Rico, and The Occupied Area of Cyprus. Find out more
in the Regulations section of their FAQs.
As FXTM is a regulated financial services provider, the company must comply with rules and regulations relating to the identification of their customers before they open a Forex trading account.
Two Required documents
Normally there are two types of documents required by online Forex brokers and FXTM also requires the same document types.
- Valid Identification Document
- Recent Proof of Address Document
1. Valid Identification Document
For this category, you can submit a copy of Driver’s license, Passport or other Photo IDs issued by government entities.
You can scan it or take a photo of it to use for the verification.
Although the copy needs to be clear and visible and shows the following information in it.
- Expiry Date
- Date of Birth
2. Recent Proof of Address Document
As a POA, you can submit Bank Statement, Utility Bill, other Payment bills or documents issued by a government authority.
The document needs to show the issued date which is no older than 3 months, your name and the current address.
Submitting the documents
You can submit above two types of documents when you open an account or also via email afterwards.
You can go through all processes online though, if that is not convenient, FXTM can also receive copies of the documents in the post.
Then FXTM’s compliance team will assess the submitted documents and approve your trading account.
Please note that without this approval, you are not allowed to withdraw any profits generated in your trading accounts.
*Verification from FXTM’s compliance team may take 24 hours or more.